Flight Centre Travel Group Ltd FLT

Morningstar Rating
A$12.07 −0.33 (2.66%)
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Company Report

Flight Centre: Aiming for a Second-Half Comeback

Flight Centre is targeting fiscal 2027 underlying profit before tax of AUD 290 million-AUD 325 million, equating to year-on-year growth of 4% to 17%. Management emphasized that earnings are likely to skew toward the second half of the year, even more than is seasonally typical.

Price vs Fair Value

FLT is trading at a LOCK|Z&gB>K premium.
Price
A$12.07
Fair Value
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Uncertainty
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1-Star Price
LOCK|.xQ
5-Star Price
LOCK|.FP
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

A strong balance sheet allows Flight Centre to take advantage of weakness in the economic cycle via opportunistic acquisitions or increasing market share via investment in marketing initiatives. It also enables the development of new products to more effectively address specific market segments.

Bears

Domestic market success does not guarantee long-lived success of offshore expansion.

Trading Information

Previous Close Price
A$12.40
Day Range
A$11.97–12.34
52-Week Range
A$9.61–16.20
Bid/Ask
A$12.07 / A$9.66
Shares Outstanding
202.01M
Market Cap
A$2.44B
Volume/Avg
1M / 1M

Key Statistics

Price/Earnings (Normalized)
11.61
Price/Sales
0.91
Dividend Yield (Trailing)
3.48%
Dividend Yield (Forward)
3.48%
Dividend Payment Schedule
Apr, Oct
Total Yield
9.27%

Company Profile

Flight Centre Travel is one of the largest travel intermediaries globally. The group generates around half of its total transaction value from the corporate unit, with the other half from the leisure market and ancillary travel-related businesses. In corporate travel, Flight Centre is a global Top 4 agent operating in over 100 countries, with different brands catering to different customer segments (small and midsize businesses to large enterprises). In leisure, Flight Centre operates an extensive network of shops and also runs online channels and deals with independent agents. Over half of group TTV is generated in Australia and New Zealand, 20% from the Americas, just under 20% from Europe, and the rest from Asia.
Sector
Consumer Cyclical
Industry
Travel Services
Stock Style Box
Small Value
Total Number of Employees
8,947

Competitors

Valuation

Metric
FLT
BKNG
WEB
Price/Earnings (Normalized)
11.6116.8830.56
Price/Book Value
2.27—2.45
Price/Sales
0.914.453.66
Price/Cash Flow
9.3214.9610.89
Price/Earnings
FLT
BKNG
WEB

Financial Strength

Metric
FLT
BKNG
WEB
Quick Ratio
0.851.040.84
Current Ratio
1.091.110.89
Interest Coverage
3.378.582.41
Quick Ratio
FLT
BKNG
WEB

Profitability

Metric
FLT
BKNG
WEB
Return on Assets (Normalized)
4.04%25.47%5.40%
Return on Equity (Normalized)
15.78%—14.64%
Return on Invested Capital (Normalized)
9.72%66.51%12.37%
Return on Assets
FLT
BKNG
WEB

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Morningstar Rating for Stocks
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Market Cap
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LOCK|G>^pBr$mLOCK|dXD$119B
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LOCK|<Lxg?%HLOCK|M&&H$90B
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—LOCK|%B@YY$28B
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LOCK|kQv&<^>LOCK|yF!?$28B
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LOCK|&HD$@CQLOCK|wp$mt$9B
Tripadvisor Inc
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LOCK|hsRb%jkLOCK|dzl$880M

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