Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. Independent Non-Executive Director Kirsty Rankin was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annonce • May 14
FCM Travel Announces Global Activation Of Sam AI Ecosystem For Managed Travel Customers FCM Travel has announced that Sam - already known to customers as the company's AI travel companion - has been fundamentally reimagined. What goes live across more than 90 countries in June is not just an upgrade. It is a new category. A proprietary AI ecosystem built at the core of FCM's technology, making Sam the intelligence layer running through everything FCM does - not a feature sitting on top of it. For existing customers, what's coming will feel like a different product entirely. Sam intelligence works across all roles - travellers, arrangers, and travel managers - with equal depth. Most AI in managed travel still focuses on a single point in the journey. Underpinning it all is FCM's proprietary technology architecture, which defines which trusted data sources Sam queries for each interaction, preventing hallucination and ensuring enterprise-grade accuracy. Customer data is stored in FCM's private environment and never used to train public AI models. Central to Sam's architecture is its proprietary guardrail system - a capability that goes far beyond hallucination prevention. Travel managers can configure precisely how Sam responds to specific query types, ensuring answers always reflect their policies and rules of engagement. A traveller not entitled to business class will never receive a recommendation for a premium fare. An out-of-policy hotel will not be surfaced as an option. Spend thresholds, approval workflows, and supplier preferences are all automatically enforced in conversation, giving organizations the benefits of conversational AI while retaining the programme controls that enterprise travel demands. At launch, Sam delivers end-to-end trip support across the full traveller journey, with real-time programme data intelligence for travel managers through plain-language conversation, seamless handoff to FCM consultants with full context intact, and a unique smart redirect into customers' existing booking tools - the only AI solution in managed travel to offer this. Annonce • Apr 09
Counting Crows Pty Ltd, Graham Turner and his family delivered a non-binding indicative offer to acquire an additional 20.32% stake in Pedal Group Pty Ltd from Flight Centre Travel Group Limited (ASX:FLT) for AUD 26.7 million. Counting Crows Pty Ltd, Graham Turner and his family delivered a non-binding indicative offer to acquire an additional 20.32% stake in Pedal Group Pty Ltd from Flight Centre Travel Group Limited (ASX:FLT) for AUD 26.7 million on January 28, 2026. Counting Crows Pty Ltd, Graham Turner and his family entered into a binding agreement to acquire an additional 20.32% stake in Pedal Group Pty Ltd from Flight Centre Travel Group Limited on April 8, 2026. A cash consideration of AUD 26.7 million will be paid by Counting Crows Pty Ltd. The transaction is unanimously supported by FLT’s independent directors. Flight Centre Travel Group Limited shareholders will now be asked to vote on the proposal at an Extraordinary General Meeting on May 14, 2026. In related transaction, Counting Crows Pty Ltd, Graham Turner and his family to acquire 47.01% of Pedal shares from Flight Centre by way of a split structure comprising a share sale and selective buy-back of 6,691,273 Pedal shares from Flight Centre for consideration of AUD 35 million. The Turner Consortium hold a combined 9,102,850 shares, equivalent to approximately 36.30% of Pedal’s total shares on issue and following the completion of share sale and buy-back, Turner Consortium would hold 83.31% stake in Pedal Group.
For the period ending June 29, 2025, Pedal Group Pty Ltd reported total revenue of AUD 334.11 million, EBIT of AUD 13.49 million, net income of AUD 6.3 million and EBITDA of AUD 26.27 million. As of June 29, 2025, Pedal Group Pty Ltd reported total assets of AUD 238.59 million and total common equity of AUD 91.49 million.
The transaction is subject to FLT shareholder approval, regulatory conditions, ACCC clearance and other customary conditions. The expected completion of the transaction is May 15, 2026.
BDO Corporate Finance Pty Ltd acted as fairness opinion provider for Flight Centre Travel Group Limited. Annonce • Feb 25
Flight Centre Travel Group Limited Announces New Distribution for the Period Ended December 31, 2025, Payable on April 16, 2026 Flight Centre Travel Group Limited has announced a new distribution in respect of its ordinary fully paid shares for the period ended December 31, 2025(FLT). The announcement was made on 25 February 2026. The distribution amount is AUD 0.12 per share. The ex-date for the distribution is 25 March 2026, and the record date is 26 March 2026. The payment date has been fixed as 16 April 2026. Annonce • Feb 02
Flight Centre Travel Group Limited to Report First Half, 2026 Results on Feb 25, 2026 Flight Centre Travel Group Limited announced that they will report first half, 2026 results on Feb 25, 2026 Annonce • Dec 11
Flight Centre Travel Group Limited (ASX:FLT) agreed to acquire Iglu.com Ltd from LDC (Managers) Limited, Beauport Partners and Richard Downs for approximately £130 million. Flight Centre Travel Group Limited (ASX:FLT) agreed to acquire Iglu.com Ltd from LDC (Managers) Limited, Beauport Partners and Richard Downs for approximately £130 million on December 10, 2025. A consideration of £100 million will be paid by Flight Centre Travel Group Limited. Flight Centre Travel Group Limited will pay an earnout/contingent payment of £27 million cash. As part of consideration, £127 million is paid towards common equity of Iglu.com Ltd. Post acquisition, Chief Executive Officer David Gooch will continue to lead the business.
The expected completion of the transaction is December 11, 2025.
BDO Limited acted as accountant for Flight Centre Travel Group Limited. BDO Limited acted as financial due diligence provider for Flight Centre Travel Group Limited. Bird & Bird LLP, Australia acted as legal advisor for Flight Centre Travel Group Limited. Annonce • Oct 10
Flight Centre Travel Group Limited, Annual General Meeting, Nov 12, 2025 Flight Centre Travel Group Limited, Annual General Meeting, Nov 12, 2025, at 10:01 E. Australia Standard Time. Agenda: Annual General Meeting. Annonce • Apr 28
Flight Centre Travel Group Limited (ASX:FLT) announces an Equity Buyback for AUD 200 million worth of its shares. Flight Centre Travel Group Limited (ASX:FLT) announces a share repurchase program. Under the program, the company will repurchase up to AUD 200 million worth of its shares. The purpose of the program is capital management. The program will be funded from cash on hand. The program is valid till April 28, 2026. As of April 28, 2025, the company has 222,096,244 shares in issue. Annonce • Jan 15
Flight Centre Travel Group Limited to Report Fiscal Year 2025 Results on Aug 27, 2025 Flight Centre Travel Group Limited announced that they will report fiscal year 2025 results on Aug 27, 2025 Annonce • Nov 28
Flight Centre Travel Group Limited announced that it expects to receive AUD 140 million in funding Flight Centre Travel Group Limited announced a private placement that it will issue 1.625% Convertible Notes due 2028 for the aggregate principal amount of AUD 140,000,000 on November 26, 2024. Holders of the Existing Notes accepting the invitation to tender their Existing Notes pursuant to the Repurchase will also receive Accrued Interest on their Existing Notes. Holders of the Existing Notes accepting the invitation to tender their Existing Notes pursuant to the Repurchase will be eligible for cash consideration. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €10.60, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.64 per share. Buy Or Sell Opportunity • Oct 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to €13.10. The fair value is estimated to be €16.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Sep 24
Now 21% undervalued Over the last 90 days, the stock has risen 6.6% to €13.00. The fair value is estimated to be €16.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Upcoming Dividend • Sep 14
Upcoming dividend of AU$0.30 per share Eligible shareholders must have bought the stock before 18 September 2024. Payment date: 17 October 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.7%). Declared Dividend • Aug 30
Final dividend of AU$0.30 announced Shareholders will receive a dividend of AU$0.30. Ex-date: 18th September 2024 Payment date: 17th October 2024 Dividend yield will be 2.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: AU$0.64 (vs AU$0.23 in FY 2023) Full year 2024 results: EPS: AU$0.64 (up from AU$0.23 in FY 2023). Revenue: AU$2.71b (up 19% from FY 2023). Net income: AU$139.6m (up 194% from FY 2023). Profit margin: 5.2% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to €12.40. The fair value is estimated to be €15.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Buy Or Sell Opportunity • Apr 19
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to €11.90. The fair value is estimated to be €15.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Buy Or Sell Opportunity • Mar 20
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €12.50. The fair value is estimated to be €15.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Upcoming Dividend • Mar 19
Upcoming dividend of AU$0.10 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 17 April 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.9%). Buy Or Sell Opportunity • Mar 05
Now 20% undervalued Over the last 90 days, the stock has risen 11% to €12.60. The fair value is estimated to be €15.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Reported Earnings • Feb 29
First half 2024 earnings released: EPS: AU$0.40 (vs AU$0.098 loss in 1H 2023) First half 2024 results: EPS: AU$0.40 (up from AU$0.098 loss in 1H 2023). Revenue: AU$1.29b (up 28% from 1H 2023). Net income: AU$86.6m (up AU$106.4m from 1H 2023). Profit margin: 6.7% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annonce • Feb 28
Flight Centre Travel Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2023, Payable on April 17, 2024 Flight Centre Travel Group Limited announced Ordinary Fully Paid dividend for the six months ended December 31, 2023. Distribution Amount is AUD 0.10000000 per share. Ex Date is March 26, 2024. Record Date is March 27, 2024. Payment Date is April 17, 2024. Annonce • Feb 08
Flight Centre Travel Group Limited, Annual General Meeting, Nov 14, 2024 Flight Centre Travel Group Limited, Annual General Meeting, Nov 14, 2024. Annonce • Feb 07
Flight Centre Travel Group Limited to Report Fiscal Year 2024 Results on Aug 30, 2024 Flight Centre Travel Group Limited announced that they will report fiscal year 2024 results on Aug 30, 2024 Upcoming Dividend • Sep 13
Upcoming dividend of AU$0.18 per share Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 19 October 2023. The company last paid an ordinary dividend in August 2013. The average dividend yield among industry peers is 2.5%. New Risk • Sep 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: AU$0.23 (vs AU$1.42 loss in FY 2022) Full year 2023 results: EPS: AU$0.23 (up from AU$1.42 loss in FY 2022). Revenue: AU$2.28b (up 126% from FY 2022). Net income: AU$47.5m (up AU$334.1m from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annonce • Aug 30
Flight Centre Travel Group Limited to Report First Half, 2024 Results on Feb 28, 2024 Flight Centre Travel Group Limited announced that they will report first half, 2024 results on Feb 28, 2024 Reported Earnings • Feb 23
First half 2023 earnings released: AU$0.099 loss per share (vs AU$0.97 loss in 1H 2022) First half 2023 results: AU$0.099 loss per share (improved from AU$0.97 loss in 1H 2022). Revenue: AU$1.02b (up 223% from 1H 2022). Net loss: AU$19.8m (loss narrowed 90% from 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 09
Founder recently sold €11m worth of stock On the 1st of February, Geoff Harris sold around 983k shares on-market at roughly €10.83 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Geoff has been a net seller over the last 12 months, reducing personal holdings by €19m. Annonce • Feb 03
Flight Centre Travel Group Limited has completed a Follow-on Equity Offering in the amount of AUD 180.000013 million. Flight Centre Travel Group Limited has completed a Follow-on Equity Offering in the amount of AUD 180.000013 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,328,768
Price\Range: AUD 14.6
Discount Per Security: AUD 0.292
Transaction Features: Subsequent Direct Listing Annonce • Jan 24
FLIGHT Centre Travel Group Announces Executive Changes FLIGHT Centre Travel Group (FLT) senior executive Greg Parker will succeed Melanie Waters-Ryan as the chief executive officer of the company's global supply division. Mr. Parker, currently FLT's managing director of global supply partnerships, and Ms. Waters-Ryan will continue to work closely to ensure a smooth transition when Ms. Waters-Ryan retires early in the 2024 fiscal year (FY24). Reported Earnings • Aug 26
Full year 2022 earnings released: AU$1.44 loss per share (vs AU$2.18 loss in FY 2021) Full year 2022 results: AU$1.44 loss per share (up from AU$2.18 loss in FY 2021). Revenue: AU$1.02b (up 147% from FY 2021). Net loss: AU$286.7m (loss narrowed 34% from FY 2021). Over the next year, revenue is forecast to grow 93%, compared to a 671% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Annonce • Aug 25
Flight Centre Travel Group Limited to Report First Half, 2023 Results on Feb 22, 2023 Flight Centre Travel Group Limited announced that they will report first half, 2023 results on Feb 22, 2023 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Colette Garnsey was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Mar 23
Key Executive recently sold €8.0m worth of stock On the 21st of March, Geoff Harris sold around 718k shares on-market at roughly €11.19 per share. This was the largest sale by an insider in the last 3 months. This was Geoff's only on-market trade for the last 12 months. Reported Earnings • Feb 25
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.97 loss per share (up from AU$1.16 loss in 1H 2021). Revenue: AU$315.7m (up 98% from 1H 2021). Net loss: AU$194.2m (loss narrowed 16% from 1H 2021). Revenue missed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 158%, compared to a 108% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Board Change • Nov 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Colette Garnsey was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Is New 90 Day High Low • Mar 10
New 90-day high: €11.60 The company is up 9.0% from its price of €10.60 on 10 December 2020. The German market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Hospitality industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.23 per share. Reported Earnings • Feb 27
First half 2021 earnings released: AU$1.17 loss per share (vs AU$0.22 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: AU$159.8m (down 90% from 1H 2020). Net loss: AU$233.2m (down AU$255.3m from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 94% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 47%. Over the next year, revenue is forecast to grow 37%, compared to a 27% growth forecast for the Hospitality industry in Germany. Is New 90 Day High Low • Nov 10
New 90-day high: €9.25 The company is up 33% from its price of €6.95 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.60 per share. Is New 90 Day High Low • Oct 01
New 90-day high: €8.50 The company is up 24% from its price of €6.85 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.82 per share.