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: 5.27
Index: 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

$20.89

28 Feb
2024

-0.840

OPEN

$21.36

-3.87%

HIGH

$21.43

3,551,302

LOW

$19.88

TARGET
$24.512

+0.23 change from previous day

17.3% 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 N/A 95.7 xxx
DPS (cps) xxx N/A 27.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 22.2 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx N/A 28.5% xxx

Dividend yield today if purchased 3 years ago: 1.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.85

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: 20/09 - ex-div 18c (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

0.8

No. Of Recommendations

5
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

29/02/2024

1

Buy

$24.15

15.61%

Further to the first half result from Flight Centre Travel, Citi still considers the result messy, albeit in line. Guidance implies around $320m, post amortisation, as the base for future earnings. Hence, adjustments are less significant than the price action implies.

While the company reported ticket prices fell -13% there was no mention that the reduction has accelerated materially. As Flight Centre is now definitely a corporate business it implies higher group margins in the future.

The broker suggests FY25 should reveal a year of full capacity in domestic and international with real airline prices largely in line with the period before the pandemic.

Citi suspects it will be the strongest macro environment for the company in five years and retains a Buy rating. Target rises to $24.15 from $23.60.

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.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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FLT STOCK CHART