FLIGHT CENTRE TRAVEL GROUP LIMITED (FLT)
Share Price Analysis and Chart

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FLT

FLT - FLIGHT CENTRE TRAVEL GROUP LIMITED

FNArena Sector : Travel, Leisure & Tourism
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 2.45
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Flight Centre is an Australian travel services retailer. International operations include the US, UK and South Africa, in addition to licences for its name in over 80 countries. Founded in 1982 it became a listed company in 1995.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.99

22 Aug
2025

-0.150

OPEN

$13.05

-1.14%

HIGH

$13.10

935,343

LOW

$12.88

TARGET
$14.728 13.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AIA . AIZ . CEH . CHL . CTD . EVT . EXP . HLO . KLS . QAN . SDR . SKO . SST . THL . VGL . VRL . VVA . WEB . WJL .
FNARENA'S MARKET CONSENSUS FORECASTS
FLT: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 63.7 90.9 xxx
DPS (cps) xxx 40.0 31.8 xxx
EPS Growth xxx 100.0% 42.6% xxx
DPS Growth xxx 100.0% - 20.5% xxx
PE Ratio xxx N/A 14.3 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 62.8% 35.0% xxx

Dividend yield today if purchased 3 years ago: 2.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.08

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: 18/09 - ex-div 30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx63.7
DPS All xxxxxxxxxxxxxxx40.0
Sales/Revenue xxxxxxxxxxxxxxx2,710.7 M
Book Value Per Share xxxxxxxxxxxxxxx550.4
Net Operating Cash Flow xxxxxxxxxxxxxxx421.5 M
Net Profit Margin xxxxxxxxxxxxxxx5.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.95 %
Return on Invested Capital xxxxxxxxxxxxxxx6.69 %
Return on Assets xxxxxxxxxxxxxxx3.15 %
Return on Equity xxxxxxxxxxxxxxx11.95 %
Return on Total Capital xxxxxxxxxxxxxxx10.38 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx338.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx373 M
Long Term Debt xxxxxxxxxxxxxxx615 M
Total Debt xxxxxxxxxxxxxxx988 M
Goodwill - Gross xxxxxxxxxxxxxxx906 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,148 M
Price To Book Value xxxxxxxxxxxxxxx3.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx95.6 M
Capex % of Sales xxxxxxxxxxxxxxx3.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,730 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx737 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx51 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

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

01/08/2025

1

Buy

$13.70

5.47%

UBS observes Flight Centre Travel's FY25 underlying profit before tax guidance of $285–295m came in slightly below the bottom of the prior $300–335m range.

The broker believes lower guidance reflects macro headwinds, volatile travel conditions and weaker-than-expected performance in Asia and the US.

The analysts acknowledge momentum in new corporate wins, with $1.3bn in annualised spend added versus $1bn in FY24. It's felt there is upside in both Leisure and Corporate from productivity initiatives and a softer macro recovery in FY26.

UBS lowers its FY25–28 EPS forecasts by -9–14%, though maintains confidence in a medium-term EPS CAGR of 18%, supported by growth in Corporate Traveller, independent Leisure share gains and cost discipline.

The broker cuts its target price to $13.70 from $15.00 and retains a Buy rating.

FORECAST
UBS forecasts a full year FY25 dividend of 27.00 cents and EPS of 89.00 cents.
UBS forecasts a full year FY26 dividend of 31.00 cents and EPS of 100.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

3

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

06/08/2025

3

Hold

$12.25

-5.70%

Flight Centre Travel's unaudited FY25 result missed reduced guidance, with underlying profit (PBT) guidance of $285–295m versus the prior $300–330m range.

Canaccord Genuity attributes the miss to weakness in Asia, increased costs, softer leisure trends, and disruptions from the Middle East conflict.

The broker sees the industry structurally recovered post-covid, with growth from here reliant on cyclical forces and operational execution.

FY26 earnings are expected to improve modestly, supported by easing travel disruptions and potential rate cuts in Australia, though the analysts' EPS forecasts fall -10.7% in FY26 and -11.6% in FY27.

Canaccord retains a Hold rating and sets a target price of $12.25, down from $13.25, after applying a -10% discount to its blended $13.60 valuation.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 27.70 cents and EPS of 83.50 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 31.60 cents and EPS of 96.40 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

FLT STOCK CHART

FNArena News on FLT

1
Australian Broker Call *Extra* Edition – Aug 18, 2025 (Extra)

Aug 18 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Aug 06, 2025

Aug 06 2025 - Daily Market Reports
3
Rudi’s View: Five Bellwethers For August

Aug 06 2025 - Rudi's View
4
Undervalued Flight Centre Awaits Travel Recovery

Aug 05 2025 - Australia
5
Australian Broker Call *Extra* Edition – Aug 04, 2025

Aug 04 2025 - Daily Market Reports

Latest Travel, Leisure & Tourism News

1
Undervalued Flight Centre Awaits Travel Recovery

Aug 05 2025 - Australia
2
Smart Platform Underpins SiteMinder Optimism

Jun 18 2025 - Small Caps
3
Corporate Travel: Happy Above Downtrend Line

May 20 2025 - Technicals
4
Flight Centre: A Downgrade Anticipated

May 02 2025 - Australia
5
Corporate Travel Eyes Strong Growth Rebound

Mar 07 2025 - Small Caps
6
Is SiteMinder’s Re-Rating Just A Matter of Time?

Mar 06 2025 - Small Caps
7
Diverging Margins In Webjets’ Results

Dec 02 2024 - Australia
8
What Happened To WEB Travel’s Growth Outlook?

Oct 17 2024 - Small Caps
9
Upside For The New Webjet(s)

Sep 26 2024 - Australia
10
SiteMinder To Thrive On New Product Launches

Aug 06 2024 - Small Caps