ASX:FLT

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Flight Centre Travel Group

Executive Summary

Flight Centre Travel Group Limited provides travel retailing services for the leisure, corporate, and wholesale travel sectors in Australia, New Zealand, Europe, the Middle East, Africa, the Americas, Asia, and Internationally. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Flight Centre Travel Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FLT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FLT's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

6.3%

FLT

-0.08%

AU Hospitality

1.3%

AU Market


1 Year Return

-60.8%

FLT

-11.3%

AU Hospitality

-1.7%

AU Market

Return vs Industry: FLT underperformed the Australian Hospitality industry which returned -11.3% over the past year.

Return vs Market: FLT underperformed the Australian Market which returned -1.7% over the past year.


Shareholder returns

FLTIndustryMarket
7 Day6.3%-0.08%1.3%
30 Day52.0%15.8%11.1%
90 Day37.2%12.7%9.0%
1 Year-56.4%-60.8%-8.5%-11.3%1.7%-1.7%
3 Year-52.1%-60.9%-7.4%-15.5%23.1%7.9%
5 Year-36.1%-51.6%23.7%24.5%57.2%26.0%

Long-Term Price Volatility Vs. Market

How volatile is Flight Centre Travel Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Flight Centre Travel Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FLT (A$17.11) is trading below our estimate of fair value (A$69.63)

Significantly Below Fair Value: FLT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FLT is unprofitable, so we can't compare its PE Ratio to the AU Hospitality industry average.

PE vs Market: FLT is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FLT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FLT is overvalued based on its PB Ratio (2.4x) compared to the AU Hospitality industry average (2.1x).


Next Steps

Future Growth

How is Flight Centre Travel Group forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

82.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: FLT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FLT's is expected to become profitable in the next 3 years.

Revenue vs Market: FLT's revenue (12.3% per year) is forecast to grow faster than the Australian market (5.1% per year).

High Growth Revenue: FLT's revenue (12.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FLT's Return on Equity is forecast to be low in 3 years time (13.5%).


Next Steps

Past Performance

How has Flight Centre Travel Group performed over the past 5 years?

-27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLT is currently unprofitable.

Growing Profit Margin: FLT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FLT is unprofitable, and losses have increased over the past 5 years at a rate of 27.1% per year.

Accelerating Growth: Unable to compare FLT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FLT is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-2.1%).


Return on Equity

High ROE: FLT has a negative Return on Equity (-47.52%), as it is currently unprofitable.


Next Steps

Financial Health

How is Flight Centre Travel Group's financial position?


Financial Position Analysis

Short Term Liabilities: FLT's short term assets (A$2.4B) exceed its short term liabilities (A$1.9B).

Long Term Liabilities: FLT's short term assets (A$2.4B) exceed its long term liabilities (A$749.1M).


Debt to Equity History and Analysis

Debt Level: FLT's debt to equity ratio (33.3%) is considered satisfactory.

Reducing Debt: FLT's debt to equity ratio has increased from 2.5% to 33.3% over the past 5 years.

Debt Coverage: FLT's debt is not well covered by operating cash flow (1.2%).

Interest Coverage: Insufficient data to determine if FLT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Flight Centre Travel Group current dividend yield, its reliability and sustainability?

1.48%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FLT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FLT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FLT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: FLT is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FLT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Skroo Turner (71 yo)

no data

Tenure

AU$498,442

Compensation

Mr. Graham F. Turner, also known as Skroo, BVSc, founded Flight Centre Travel Group Limited and serves as its Chief Executive Officer and Global Managing Director. Mr. Turner is the Founder of Australian O...


CEO Compensation Analysis

Compensation vs Market: Skroo's total compensation ($USD368.48K) is below average for companies of similar size in the Australian market ($USD1.84M).

Compensation vs Earnings: Skroo's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Graham Turner
Founderno dataAU$498.44k9.05%
A$ 313.7m
Adam Campbell
Chief Financial Officer5.25yrsAU$1.31m0.011%
A$ 375.6k
Chris Galanty
Chief Executive Officer of Corporate11.83yrsAU$1.48m0.016%
A$ 565.5k
Melanie Waters-Ryan
Chief Executive Officer of Leisure0.92yrAU$1.17m0.040%
A$ 1.4m
James Kavanagh
Managing Director of Australia0.83yrAU$630.65k0.000040%
A$ 1.4k
Steven Norris
Managing Director of EMEA0.83yrAU$656.60k0.0086%
A$ 299.4k
Charlene Leiss
Managing Director of the Americas0.83yrAU$739.11k0.0042%
A$ 146.9k
Geoff Harris
no datano data7.86%
A$ 272.5m
Haydn Long
Investor & Media Relations Officerno datano datano data
Trent Palelei
Head of Risk Manangement Division15.83yrsno datano data
David Smith
Company Secretary and GM of Mergers & Acquisitions12.67yrsAU$292.28kno data
Nick Lucock
Executive Officerno dataAU$931.69kno data

3.1yrs

Average Tenure

48yo

Average Age

Experienced Management: FLT's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Graham Turner
Founderno dataAU$498.44k9.05%
A$ 313.7m
Colette Garnsey
Independent Non-Executive Director2.67yrsAU$144.50k0.0026%
A$ 90.1k
Gary Smith
Independent Non-Executive Chairman6.17yrsAU$212.63k0.012%
A$ 410.9k
Hugh Crean
Member of Digital Commerce Advisory Board3.67yrsno datano data
John Eales
Independent Non-Executive Director8.17yrsAU$144.50k0.0060%
A$ 206.5k
Nicolas Brusson
Member of Digital Commerce Advisory Board3.67yrsno datano data
Atle Skalleberg
Chair of Digital Commerce Advisory Board3.67yrsno datano data
Robert Baker
Independent Non-Executive Director7.17yrsAU$144.50k0.0032%
A$ 112.3k
Kim Nemser
Member of Digital Commerce Advisory Boardno datano datano data

4.9yrs

Average Tenure

60yo

Average Age

Experienced Board: FLT's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 96.9%.


Top Shareholders

Company Information

Flight Centre Travel Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Flight Centre Travel Group Limited
  • Ticker: FLT
  • Exchange: ASX
  • Founded: 1987
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: AU$3.465b
  • Shares outstanding: 199.13m
  • Website: https://www.fctgl.com

Number of Employees


Location

  • Flight Centre Travel Group Limited
  • 275 Grey Street
  • Southpoint
  • South Brisbane
  • Queensland
  • 4101
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGET.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 1995
FLTASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 1995
FLIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 1995
FLTCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 1995

Biography

Flight Centre Travel Group Limited provides travel retailing services for the leisure, corporate, and wholesale travel sectors in Australia, New Zealand, Europe, the Middle East, Africa, the Americas, Asia...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/30 07:05
End of Day Share Price2020/11/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.