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

$14.43

24 Mar
2025

0.070

OPEN

$14.38

0.49%

HIGH

$14.52

1,260,404

LOW

$14.16

TARGET
$20.855 44.5% 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 63.7 120.6 xxx
DPS (cps) xxx 40.0 49.7 xxx
EPS Growth xxx 100.0% 89.3% xxx
DPS Growth xxx 100.0% 24.1% xxx
PE Ratio xxx N/A 12.2 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 62.8% 41.2% xxx

Dividend yield today if purchased 3 years ago: 2.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.72

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

27/02/2025

1

Buy

$20.00

38.60%

Flight Centre Travel's 1H25 results were weaker than expected, UBS notes. Total Transaction Value (TTV) rose 3% year-on-year to $11.7bn, with EBITDA up 2% and profit before tax (PBT) up 10%.

Operating leverage was lower than the broker anticipated, as corporate gains were offset by softness in Asia and a shift toward lower-cost options.

An -$8m provision impacted 2Q25 earnings, with a potential reversal in 2H25. UBS notes corporate productivity improvements will likely drive stronger operating leverage in FY26.

The broker sees valuation as undemanding, with the stock trading at a 12.5x forward P/E, offering a 10% EPS compound annual growth rate over FY26–29, but increased risk to 2H25 earnings remains, given seasonal reliance.

UBS lowers the FY25–28 EPS forecast by -3% to -4%, reflecting softer operating performance, partially offset by lower depreciation and amortisation costs.

The target price is cut to $20 from $22.10, Buy rating maintained.

FORECAST
UBS forecasts a full year FY25 dividend of 35.00 cents and EPS of 113.00 cents.
UBS forecasts a full year FY26 dividend of 42.00 cents and EPS of 136.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

05/03/2025

3

Hold

$17.10

18.50%

Canaccord Genuity notes Flight Centre's 1H25 result was weaker than expected. Guidance was another disappointment as it was maintained but the company pointed to lower to mid-point of the range.

The broker observes that would mean a 68-70% skew to the 2H.

While not without precedent, the broker reckons it might be unachievable in the current environment where travel could be impacted by economic activity and flight price deflation remains a risk.

The analyst cut the FY25 EPS forecast by -5.4% and FY26 by -6.1%. Target price, however, rises to $17.10 from $16.65 as the broker removes the discount it previously applied to the valuation.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 34.60 cents and EPS of 104.90 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 40.50 cents and EPS of 123.60 cents.

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

FLT STOCK CHART

FNArena News on FLT

1
ESG Focus: Fund Flows, Tariffs, Defence & AI

Mar 20 2025 - ESG Focus
2
Corporate Travel Eyes Strong Growth Rebound

Mar 07 2025 - Small Caps
3
In Brief: Top Picks In Financials, Retail & Healthcare

Mar 07 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 05, 2025

Mar 05 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 27-02-2025

Feb 27 2025 - Australia

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