ALLIANCE AVIATION SERVICES LIMITED (AQZ)
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AQZ

AQZ - ALLIANCE AVIATION SERVICES LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.59
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.60

25 Jun
2026

0.030

OPEN

$0.57

5.26%

HIGH

$0.60

874,677

LOW

$0.54

TARGET
$0.80 33.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AVD . AZJ . BWN . BXB . CLX . ERD . FRW . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . VGN . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
AQZ: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 54.5 22.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 2.4 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 16/03 - ex-div 7.3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-54.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx693.1 M
Book Value Per Share xxxxxxxxxxxxxxx223.9
Net Operating Cash Flow xxxxxxxxxxxxxxx17.7 M
Net Profit Margin xxxxxxxxxxxxxxx-13.11 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-21.59 %
Return on Invested Capital xxxxxxxxxxxxxxx-9.89 %
Return on Assets xxxxxxxxxxxxxxx-7.87 %
Return on Equity xxxxxxxxxxxxxxx-21.59 %
Return on Total Capital xxxxxxxxxxxxxxx4.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-78.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx498 M
Total Debt xxxxxxxxxxxxxxx510 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx29 M
Price To Book Value xxxxxxxxxxxxxxx0.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx91.5 M
Capex % of Sales xxxxxxxxxxxxxxx13.19 %
Cost of Goods Sold xxxxxxxxxxxxxxx624 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx28 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

23/02/2026

3

Hold

$0.85

41.67%

Ord Minnett lowers its target for Alliance Aviation Services to 85c from $1.50 after interim profit (PBT) of $14.8m came in well below the broker's $25.6m forecast. FY26 guidance was also downgraded by -21.9% to $35-40m.

Net debt remains a structural headwind for Alliance, suggest the analysts, increasing to $433.5m at the end of 2025 from $378.3m at June 30, 2025. Impairments of -$164.8m, announced earlier this month, were also incorporated into the result.

The broker highlights a loss-making wet lease contract with Qantas Airways ((QAN)) which continues to weigh on earnings. It's thought aircraft sales remain a potential option to protect equity value.

The Hold rating is maintained.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 17.80 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 20.10 cents.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

26/02/2026

3

Hold

$0.81

35.00%

Canaccord Genuity slashes its target price for Alliance Aviation Services to $0.81 from $1.49 and maintains a Hold rating following a disappointing 1H26 result.

Profit of $11.9m fell -58.8% on the prior year and missed the broker's forecast, driven by lower earnings (EBITDA).

Operating cash flow (OCF) was -$5.8m and free cash flow (FCF) was -$24m, leaving debt facilities fully drawn and cash at $58m, highlight the analysts. The balance sheet is seen as precarious with execution risk around fleet revisions and asset sales.

FY26 profit guidance was cut to $35-$40m from $46-$50m, with margins pressured by unfavourable wet lease contracts and a loss in Aviation Services, explains the broker.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 16.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 20.00 cents.
Access Extra Coverage Research History >

AQZ STOCK CHART

FNArena News on AQZ

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