Company Valuation: Alliance Aviation Services Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 573.8 462.9 498.3 423.3 91.8 93.42 - -
Change - -19.33% 7.64% -15.05% -78.31% 1.75% - -
Enterprise Value (EV) 1 743 675.9 804.1 801.3 551.6 471.9 433.5 449
Change - -9.03% 18.97% -0.35% -31.17% -14.44% -8.15% 3.58%
P/E -112x 12.7x 8.25x 7.39x -1.01x 2.96x 2.74x 2.6x
PBR 1.83x 1.32x 1.21x 0.9x 0.25x 0.25x 0.24x 0.23x
PEG - -0x 0.1x -1.42x 0x -0x 0.35x 0.47x
Capitalization / Revenue 1.55x 0.9x 0.77x 0.55x 0.13x 0.13x 0.13x 0.13x
EV / Revenue 2.01x 1.31x 1.24x 1.04x 0.77x 0.67x 0.61x 0.64x
EV / EBITDA 8.16x 5.32x 4.51x 3.87x 3.11x 2.59x 2.37x 2.29x
EV / EBIT 14.6x 9.74x 7.65x 6.95x 7.31x 6.31x 5.64x 5.25x
EV / FCF - -12.1x -8.89x -11.4x -12.3x 33.9x 14.3x 11.6x
FCF Yield - -8.29% -11.2% -8.74% -8.16% 2.95% 6.99% 8.64%
Dividend per Share 2 - - - 0.03 - - - -
Rate of return - - - 1.14% - - - -
EPS 2 -0.032 0.2268 0.3756 0.356 -0.5643 0.1959 0.2114 0.223
Distribution rate - - - 8.43% - - - -
Net sales 1 369.4 517.2 646.8 769.7 712 706.5 715.5 699.2
EBITDA 1 91 127 178.4 207.3 177.5 182.4 183.1 196.4
EBIT 1 50.8 69.43 105.2 115.3 75.5 74.81 76.89 85.57
Net income 1 -5.2 36.5 60.45 57.3 -90.88 35.56 40.02 48.4
Net Debt 1 169.2 213 305.9 378 459.8 378.5 340 355.5
Reference price 2 3.5700 2.8800 3.1000 2.6300 0.5700 0.5800 0.5800 0.5800
Nbr of stocks (in thousands) 160,735 160,735 160,735 160,951 161,061 161,061 - -
Announcement Date 8/11/22 8/9/23 8/28/24 8/20/25 8/26/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
2.96x0.67x2.59x-.--% 67M
12.64x0.9x6.99x0.95% 52.27B
10.29x0.78x6.46x-.--% 35.65B
12.97x1.32x5.97x1.93% 27.51B
8.02x0.79x3.72x2.24% 25B
65.58x2.26x13.14x0.07% 20.13B
27.55x1.08x5.74x3.73% 16.56B
-10.8x1.61x11.25x-.--% 15.87B
-12.07x1.59x10.38x-.--% 11.7B
7.75x0.93x4.62x6.17% 10.76B
Average 12.49x 1.19x 7.09x 1.51% 21.55B
Weighted average by Cap. 14.54x 1.15x 7.25x 1.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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