Why We're Not Concerned About Flight Centre Travel Group Limited's (ASX:FLT) Share Price
Feb 15
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Australian (ASX) Hospitality Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies25
- 7D0.4%
- 3M10.0%
- 1Y25.5%
- YTD8.4%
Last week, the Hospitality industry hasn't moved much but Corporate Travel Management is up 16% in that time. The past year has been better, since the industry has gained 26% in that time. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Australian Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | AU$80.2b | AU$24.6b | -AU$318,013,794.00 | 25.6x | -252.3x | 3.3x |
| Sun, 19 Jan 2025 | AU$75.1b | AU$24.6b | -AU$917,403,528.00 | 23.6x | -81.8x | 3.1x |
| Tue, 17 Dec 2024 | AU$74.4b | AU$24.6b | -AU$912,156,528.00 | 23.8x | -81.5x | 3x |
| Thu, 14 Nov 2024 | AU$72.9b | AU$24.7b | -AU$940,088,528.00 | 22.8x | -77.5x | 2.9x |
| Sat, 12 Oct 2024 | AU$70.8b | AU$24.6b | -AU$731,088,528.00 | 23.2x | -96.8x | 2.9x |
| Mon, 09 Sep 2024 | AU$67.4b | AU$24.5b | -AU$196,095,201.00 | 21.5x | -343.8x | 2.8x |
| Wed, 07 Aug 2024 | AU$64.7b | AU$23.9b | AU$385.0m | 21.3x | 168.2x | 2.7x |
| Fri, 05 Jul 2024 | AU$65.8b | AU$23.9b | AU$385.0m | 21x | 170.9x | 2.7x |
| Sun, 02 Jun 2024 | AU$59.1b | AU$23.6b | AU$365.2m | 22.9x | 161.9x | 2.5x |
| Tue, 30 Apr 2024 | AU$57.2b | AU$23.4b | AU$292.0m | 24.8x | 195.9x | 2.4x |
| Thu, 28 Mar 2024 | AU$61.2b | AU$23.4b | AU$289.5m | 26.4x | 211.4x | 2.6x |
| Sat, 24 Feb 2024 | AU$61.4b | AU$23.1b | -AU$1,147,023,187.00 | 36.6x | -53.6x | 2.7x |
| Mon, 22 Jan 2024 | AU$70.4b | AU$24.8b | -AU$868,553,717.00 | 33.8x | -81.1x | 2.8x |
| Wed, 20 Dec 2023 | AU$69.5b | AU$24.8b | -AU$868,553,717.00 | 33.4x | -80.1x | 2.8x |
| Fri, 17 Nov 2023 | AU$66.6b | AU$24.6b | -AU$930,757,717.00 | 33.3x | -71.5x | 2.7x |
| Sun, 15 Oct 2023 | AU$66.8b | AU$24.2b | -AU$1,296,867,811.00 | 34x | -51.5x | 2.8x |
| Tue, 12 Sep 2023 | AU$68.7b | AU$24.2b | -AU$1,304,490,915.00 | 34.5x | -52.6x | 2.8x |
| Thu, 10 Aug 2023 | AU$71.7b | AU$23.6b | -AU$742,294,541.00 | 34.6x | -96.6x | 3x |
| Sat, 08 Jul 2023 | AU$66.4b | AU$23.6b | -AU$742,294,541.00 | 29.8x | -89.5x | 2.8x |
| Mon, 05 Jun 2023 | AU$68.5b | AU$23.5b | -AU$714,143,541.00 | 29.4x | -96x | 2.9x |
| Wed, 03 May 2023 | AU$69.2b | AU$23.0b | -AU$889,670,541.00 | 29.8x | -77.7x | 3x |
| Fri, 31 Mar 2023 | AU$67.6b | AU$23.0b | -AU$886,710,541.00 | 27.8x | -76.2x | 2.9x |
| Sun, 26 Feb 2023 | AU$67.0b | AU$22.8b | -AU$822,597,685.00 | 28.4x | -81.5x | 2.9x |
| Tue, 24 Jan 2023 | AU$65.1b | AU$21.1b | AU$74.1m | 29.7x | 879x | 3.1x |
| Thu, 22 Dec 2022 | AU$61.2b | AU$21.1b | AU$74.1m | 28.5x | 825.3x | 2.9x |
| Sat, 19 Nov 2022 | AU$66.3b | AU$21.0b | AU$89.5m | 25.4x | 741.1x | 3.2x |
| Mon, 17 Oct 2022 | AU$62.4b | AU$20.6b | AU$63.5m | 23.4x | 983.5x | 3x |
| Wed, 14 Sep 2022 | AU$65.4b | AU$20.6b | AU$67.4m | 25x | 971.4x | 3.2x |
| Fri, 12 Aug 2022 | AU$57.7b | AU$20.3b | AU$193.5m | 26.9x | 298.4x | 2.8x |
| Sun, 10 Jul 2022 | AU$58.7b | AU$20.3b | AU$193.6m | 23.2x | 303x | 2.9x |
| Tue, 07 Jun 2022 | AU$57.3b | AU$20.2b | AU$181.9m | 24.2x | 315.3x | 2.8x |
| Thu, 05 May 2022 | AU$67.6b | AU$19.6b | -AU$108,447,943.00 | 30.3x | -623.8x | 3.4x |
| Sat, 02 Apr 2022 | AU$71.6b | AU$19.6b | -AU$108,567,474.00 | 39.3x | -659.4x | 3.7x |
| Mon, 28 Feb 2022 | AU$70.3b | AU$19.6b | -AU$32,212,388.00 | 33.5x | -2182x | 3.6x |
Price to Earnings Ratio
-2182x
Current Industry PE
- Investors are optimistic on the Australian Hospitality industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 7.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Australian Consumer Discretionary industry?
| AU Market | -2.48% | |
| Consumer Discretionary | -0.60% | |
| Hospitality | 0.45% | |
| Restaurants | 4.82% | |
| Hotels, Resorts and Cruise Lines | 3.22% | |
| Casinos and Gaming | -0.49% | |
| Leisure Facilities | -3.04% | |
Industry PE
- Investors are most optimistic about the Restaurants industry which is trading above its 3-year average PE ratio of 49.6x.
- Analysts are expecting annual earnings growth of 35.9%, which is lower than the prior year's growth of 52.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings growth rate of 8.0% per year.
- In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CTD Corporate Travel Management | AU$17.66 | 16.0% +AU$346.3m | 7.9% | PE39.5x | |
| TLC Lottery | AU$5.03 | 1.0% +AU$109.9m | -1.2% | PE30.1x | |
| FLT Flight Centre Travel Group | AU$17.72 | 1.4% +AU$55.2m | -18.8% | PE28x | |
| SGR Star Entertainment Group | AU$0.14 | 12.5% +AU$43.0m | -69.7% | PS0.2x | |
| RFG Retail Food Group | AU$2.28 | 23.9% +AU$27.3m | -24.0% | PE16x |