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

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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

$17.48

19 Nov
2024

0.320

OPEN

$17.08

1.86%

HIGH

$17.54

1,148,770

LOW

$17.05

TARGET
$22.81 30.5% 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 . VVA . WEB . WJL .
FNARENA'S MARKET CONSENSUS FORECASTS
FLT: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 63.7 125.7 xxx
DPS (cps) xxx 40.0 43.3 xxx
EPS Growth xxx 100.0% 97.4% xxx
DPS Growth xxx 100.0% 8.2% xxx
PE Ratio xxx N/A 13.9 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 62.8% 34.4% xxx

Dividend yield today if purchased 3 years ago: 2.03%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.30

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 © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic 235.5-552.1-217.5-143.723.163.7
DPS All 276.40.00.00.018.040.0
Sales/Revenue 3,055.3 M1,898.1 M395.9 M1,007.5 M2,280.8 M2,710.7 M
Book Value Per Share 1,304.5700.1479.6388.5523.9550.4
Net Operating Cash Flow 279.5 M5.7 M-910.7 M-101.4 M156.2 M421.5 M
Net Profit Margin 8.64 %-34.89 %-109.40 %-28.45 %2.08 %5.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 17.52 %-46.39 %-36.88 %-33.10 %4.97 %11.95 %
Return on Invested Capital 16.95 %-36.80 %-21.86 %-14.68 %2.19 %6.69 %
Return on Assets 7.59 %-17.28 %-11.55 %-7.93 %1.13 %3.15 %
Return on Equity 17.52 %-46.39 %-36.88 %-33.10 %4.97 %11.95 %
Return on Total Capital 21.22 %-38.61 %-35.63 %-18.58 %5.02 %10.38 %
Free Cash Flow ex dividends -93.3 M-136.1 M-914.1 M-112.5 M134.8 M338.2 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 85 M346 M313 M113 M139 M373 M
Long Term Debt 100 M643 M971 M1,204 M1,219 M615 M
Total Debt 185 M989 M1,284 M1,316 M1,359 M988 M
Goodwill - Gross 707 M739 M711 M777 M907 M906 M
Cash & Equivalents - Generic 352 M1,788 M1,356 M1,227 M1,349 M1,148 M
Price To Book Value 2.871.593.104.473.643.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 101.0 M110.5 M37.4 M40.4 M92.0 M95.6 M
Capex % of Sales 3.31 %5.82 %9.44 %4.01 %4.04 %3.53 %
Cost of Goods Sold 1,832 M1,861 M951 M1,033 M1,540 M1,730 M
Selling, General & Admin. Exp & Other 880 M815 M268 M377 M626 M737 M
Research & Development ------
Investments - Total 86 M35 M51 M110 M60 M51 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

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

21/10/2024

1

Buy

$23.50

34.44%

UBS observes 1Q25 trading update from Flight Centre Travel was slightly higher than 1Q24 across most metrics, but the analyst stresses it is too premature for conclusions as there are some "inconsistencies" between the month-to-month trading.

Within the results, the analyst points to ticket price deflation which should boost higher volumes in both corporate and leisure.

The broker lowers EPS forecasts by -11% in FY25 to -4% for FY28. Management is expected to offer more guidance at the November 14 AGM with UBS noting profits should be skewed to 2H25.

Target price declines to $23.50 from $26.80. The fall in the share price of -20% on the results announcement is viewed by UBS as overdone.

FORECAST
UBS forecasts a full year FY25 EPS of 118.00 cents.
UBS forecasts a full year FY26 EPS of 142.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

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

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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

07/11/2024

5

Sell

$17.50

0.11%

Goldman Sachs notes weaker corporate small/medium-sized business travel demand and softening leisure ticket prices in Flight Centre Travel's 1Q25 trading update. The broker also observed increased competitive pressures from peers like Amex GBT.

Management’s FY25 earnings guidance came in below consensus and Goldman Sachs remains cautious on expected margin improvements which align with management’s targets.

Despite lowered earnings expectations, the analyst believes Flight Centre can achieve forecast 12% EPS growth, annually through FY27.

Neutral rating. Target price declines to $17.50 from $20.30, reflecting a reduction in revenue estimates by -4% in FY25-27 post softer-than-anticipated 1Q25 update.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 74.00 cents and EPS of 124.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 78.00 cents and EPS of 142.00 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxxxxxxxx xx xxxxxxxx xxxx xxxx

$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 – Nov 20, 2024

10:45 AM - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Nov 18, 2024

Nov 18 2024 - Daily Market Reports
3
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
4
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Nov 07, 2024

Nov 07 2024 - Daily Market Reports

Latest Travel, Leisure & Tourism News

1
What Happened To WEB Travel’s Growth Outlook?

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2
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7
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Aug 02 2023 - Small Caps
8
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Jun 20 2023 - Treasure Chest
9
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10
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