FLIGHT CENTRE TRAVEL GROUP LIMITED (FLT)
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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: 5.27
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

$22.66

19 Jul
2024

0.470

OPEN

$22.34

2.12%

HIGH

$22.75

1,327,132

LOW

$22.22

TARGET
$26.282

+1.30 change from previous day

16.0% 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 .
FNARENA'S MARKET CONSENSUS FORECASTS
FLT: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 23.1 95.5 xxx
DPS (cps) xxx 18.0 33.9 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A 88.3% xxx
PE Ratio xxx N/A 23.7 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 77.8% 35.5% xxx

Dividend yield today if purchased 3 years ago: 1.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.79

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: 26/03 - ex-div 10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx23.1
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx2,280.8 M
Book Value Per Share xxxxxxxxxxxxxxx523.9
Net Operating Cash Flow xxxxxxxxxxxxxxx156.2 M
Net Profit Margin xxxxxxxxxxxxxxx2.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx4.97 %
Return on Invested Capital xxxxxxxxxxxxxxx2.19 %
Return on Assets xxxxxxxxxxxxxxx1.13 %
Return on Equity xxxxxxxxxxxxxxx4.97 %
Return on Total Capital xxxxxxxxxxxxxxx5.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx134.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx139 M
Long Term Debt xxxxxxxxxxxxxxx1,219 M
Total Debt xxxxxxxxxxxxxxx1,359 M
Goodwill - Gross xxxxxxxxxxxxxxx907 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,349 M
Price To Book Value xxxxxxxxxxxxxxx3.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx92.0 M
Capex % of Sales xxxxxxxxxxxxxxx4.04 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,540 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx626 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx60 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

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

08/05/2024

1

Buy

$24.15

6.58%

Citi analysts, upon first glance, find Flight Centre Travel's trading updated didn't provide much detail, but management has re-affirmed guidance for FY24.

Reasons to stay positive, according to the broker, include decreasing airfares, a re-acceleration in US corporate travel, and strong international travel which has now overtaken domestic travel in Australia.

Buy rating and target price of $24.15.

FORECAST
Citi forecasts a full year FY24 dividend of 30.20 cents and EPS of 85.70 cents.
Citi forecasts a full year FY25 dividend of 39.80 cents and EPS of 112.90 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXPERT VIEWS
Display All Commentary

No. Of Recommendations

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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

11/04/2024

5

Downgrade to Sell from Neutral

$18.30

-19.24%

Competition in the small and medium enterprise corporate travel segment appears to be intensifying, with potential to drive margin disappointment for Flight Centre Travel shareholders, says Goldman Sachs. 

The broker notes there is increasing focus on proprietary technology to drive a competitive advantage. 

Coupled with moderating corporate travel, now expected to plateau at around 75% of pre-covid demand, Goldman Sachs has lowered its expectations for Flight Centre Travel's corporate segment, now forecasting profit before tax and total transaction value margins of 2.1% and 2.2%. 

The rating is downgraded to Sell from Neutral and the target price decreases to $18.30 from $20.10.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 48.00 cents and EPS of 93.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 77.00 cents and EPS of 129.00 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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FLT STOCK CHART