VIRGIN AUSTRALIA HOLDINGS LIMITED (VGN)
Share Price Analysis and Chart

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VGN

VGN - VIRGIN AUSTRALIA HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.77
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.89

15 Jun
2026

0.330

OPEN

$2.66

12.89%

HIGH

$2.90

1,474,262

LOW

$2.66

TARGET
$3.667 26.9% upside
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BWN . BXB . CLX . ERD . FRW . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
VGN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 65.4 47.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A - 26.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 5.9 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 201520162017201820192025
EPS Basic xxxxxxxxxxxxxxx65.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5,782.0 M
Book Value Per Share xxxxxxxxxxxxxxx-109.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,025.7 M
Net Profit Margin xxxxxxxxxxxxxxx8.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201520162017201820192025
Return on Capital Employed xxxxxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxxxxx-
Return on Assets xxxxxxxxxxxxxxx-
Return on Equity xxxxxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxxxxx-
Free Cash Flow ex dividends xxxxxxxxxxxxxxx424.0 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 201520162017201820192025
Short-Term Debt xxxxxxxxxxxxxxx744 M
Long Term Debt xxxxxxxxxxxxxxx1,552 M
Total Debt xxxxxxxxxxxxxxx2,296 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,118 M
Price To Book Value xxxxxxxxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201520162017201820192025
Capex xxxxxxxxxxxxxxx496.0 M
Capex % of Sales xxxxxxxxxxxxxxx8.58 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,024 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx352 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx87 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

17/04/2026

1

Upgrade to Buy from Neutral

$3.10

7.27%

Citi lowers its target for Virgin Australia to $3.10 from $3.60 and upgrades to Buy from Neutral.

These changes follow the broker's initial research yesterday, which is summarised below.

In a quick take, Citi notes Virgin Australia has retained earnings (EBIT) guidance for 2H26 growth. Expectations for fuel are a net rise of "only" $30m-$40m due to hedging for Brent crude at 92% and refining margin at 71%.

Revenue per available seat kilometre (RASK) is expected to lift by 1.5% to 5% in 2H26, management flagged, versus 3%-4% previously.

The analyst estimates the net change in revenue will be small, with earnings changes likely to come in at the lower end of the fuel guidance.

Refining hedging is due to decline to 15% in 1H27, with Citi questioning to what extent fuel cost pressures will translate into FY27.

FORECAST
Citi forecasts a full year FY26 dividend of 0.00 cents.
Citi forecasts a full year FY27 dividend of 0.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

Jarden

15/04/2026

1

Buy

$3.80

31.49%

Jarden maintains its Buy rating on Virgin Australia and reduces the price target to $3.80 from $4.00 after a 2H26 trading update revealed higher fuel costs.

The company anticipates 2H26 fuel expenses will be $30m to $40m higher than originally expected due to current commodity pricing.

Management intends to offset these headwinds through capacity discipline and yield management, including fare unbundling and ancillary services.

Modelling suggests fuel burdens will increase further into FY27 as hedging coverage rolls off.

Forecasts for core EPS have been lowered by -2.4% for FY26 and -4.5% for FY27 to reflect these ongoing energy cost pressures.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 49.10 cents.
Jarden forecasts a full year FY27 dividend of 10.80 cents and EPS of 50.90 cents.
Access Extra Coverage Research History >

VGN STOCK CHART

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