QAN 1.13% $7.15 qantas airways limited

a valuation

  1. Yak
    13,672 Posts.
    Read my bold bit

    Stock analysis
    Qantas announced its second downgrade in two months on the back of the ongoing effects
    related to SARS ($100m off pre-tax profits) and subsequent restructuring requirements
    ($100m). Our earnings for the full year are now forecast at $491m (before tax) and $332m
    (after tax).
    The downgrade does not come as a surprise. The SARS impact is broader than the specific
    regions affected. Confidence in air travel via Asia is still undermined. Qantas indicated that
    French and Italian forward bookings are down 45% and 33% respectively.
    The focus now is on cash preservation. Qantas, unfortunately, is in the midst of fleet
    replacement, thus net cash generation is already negative. With the environment placing
    additional strain on the balance sheet, management’s desire to defer fleet arrivals for 12–24
    months provides flexibility that capital expenditure is timed during a recovery.
    Historically, Qantas has traded back to its net asset value (NAV) in times of shock. This time
    has been no different and our NAV is now $2.87.
    As the shock of SARS begins to dissipate,
    the company’s strong fundamentals will aid a re-rating. We maintain our short term Buy, long
    term Hold recommendation.
    ASX Code:
    Share Price:
    Short term:
    Long term:
    Volatility index:
watchlist Created with Sketch. Add QAN (ASX) to my watchlist
(20min delay)
Mkt cap ! $10.65B
Open High Low Value Volume
$7.12 $7.15 $7.10 $68.23M 9.577M

Buyers (Bids)

No. Vol. Price($)
1 137 $7.14

Sellers (Offers)

Price($) Vol. No.
$7.15 448840 5
View Market Depth
Last trade - 16.10pm 17/01/2020 (20 minute delay) ?
0.080 ( 1.33 %)
Open High Low Volume
$7.11 $7.15 $7.10 2043220
Last updated 15.59pm 17/01/2020 (live) ?
QAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.