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FLT

Flight Centre Travel Group ASX:FLT Stock Report

Last Price

AU$17.77

Market Cap

AU$3.6b

7D

-0.4%

1Y

17.1%

Updated

13 Aug, 2022

Data

Company Financials +
FLT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance0/6
Financial Health4/6
Dividends0/6

FLT Stock Overview

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

Rewards

Trading at 62.9% below our estimate of its fair value

Earnings are forecast to grow 55.22% per year

Risk Analysis

No risks detected for FLT from our risk checks.

Flight Centre Travel Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Flight Centre Travel Group
Historical stock prices
Current Share PriceAU$17.77
52 Week HighAU$25.28
52 Week LowAU$13.67
Beta1.75
1 Month Change5.77%
3 Month Change-9.43%
1 Year Change17.14%
3 Year Change-58.72%
5 Year Change-61.55%
Change since IPO1,380.84%

Recent News & Updates

Jul 04
Is There An Opportunity With Flight Centre Travel Group Limited's (ASX:FLT) 24% Undervaluation?

Is There An Opportunity With Flight Centre Travel Group Limited's (ASX:FLT) 24% Undervaluation?

How far off is Flight Centre Travel Group Limited ( ASX:FLT ) from its intrinsic value? Using the most recent financial...

May 20
Is It Time To Consider Buying Flight Centre Travel Group Limited (ASX:FLT)?

Is It Time To Consider Buying Flight Centre Travel Group Limited (ASX:FLT)?

Flight Centre Travel Group Limited ( ASX:FLT ), might not be a large cap stock, but it received a lot of attention from...

Shareholder Returns

FLTAU HospitalityAU Market
7D-0.4%-0.7%0.7%
1Y17.1%-26.8%-8.5%

Return vs Industry: FLT exceeded the Australian Hospitality industry which returned -26.8% over the past year.

Return vs Market: FLT exceeded the Australian Market which returned -8.5% over the past year.

Price Volatility

Is FLT's price volatile compared to industry and market?
FLT volatility
FLT Average Weekly Movement5.5%
Hospitality Industry Average Movement7.9%
Market Average Movement10.6%
10% most volatile stocks in AU Market18.0%
10% least volatile stocks in AU Market4.6%

Stable Share Price: FLT is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FLT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19878,947Skroo Turnerhttps://www.fctgl.com

Flight Centre Travel Group Limited provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, Americas, Europe, the Middle East, Africa, Asia, and internationally. The company offers leisure travel services for the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services for organizations of various sizes across industries, as well as supplies products to its national and international network, or travel retail outlets. It also provides tour operations, hotel management, and destination management services.

Flight Centre Travel Group Fundamentals Summary

How do Flight Centre Travel Group's earnings and revenue compare to its market cap?
FLT fundamental statistics
Market CapAU$3.55b
Earnings (TTM)-AU$397.08m
Revenue (TTM)AU$552.26m

6.4x

P/S Ratio

-8.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLT income statement (TTM)
RevenueAU$552.26m
Cost of RevenueAU$737.90m
Gross Profit-AU$185.64m
Other ExpensesAU$211.44m
Earnings-AU$397.08m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 25, 2022

Earnings per share (EPS)-1.99
Gross Margin-33.61%
Net Profit Margin-71.90%
Debt/Equity Ratio145.8%

How did FLT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FLT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FLT?

Other financial metrics that can be useful for relative valuation.

FLT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7x
Enterprise Value/EBITDA-6.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does FLT's PS Ratio compare to its peers?

FLT PS Ratio vs Peers
The above table shows the PS ratio for FLT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.8x
WEB Webjet
14x23.2%AU$1.9b
CTD Corporate Travel Management
11x23.4%AU$3.0b
HLO Helloworld Travel
3.9x23.5%AU$316.3m
ENN Elanor Investors Group
2.1x-10.3%AU$198.7m
FLT Flight Centre Travel Group
6.4x25.7%AU$3.6b

Price-To-Sales vs Peers: FLT is good value based on its Price-To-Sales Ratio (6.4x) compared to the peer average (7.8x).


Price to Earnings Ratio vs Industry

How does FLT's PE Ratio compare vs other companies in the AU Hospitality Industry?

Price-To-Sales vs Industry: FLT is expensive based on its Price-To-Sales Ratio (6.4x) compared to the Australian Hospitality industry average (2.4x)


Price to Sales Ratio vs Fair Ratio

What is FLT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FLT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.4x
Fair PS Ratio3.9x

Price-To-Sales vs Fair Ratio: FLT is expensive based on its Price-To-Sales Ratio (6.4x) compared to the estimated Fair Price-To-Sales Ratio (3.9x).


Share Price vs Fair Value

What is the Fair Price of FLT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FLT (A$17.77) is trading below our estimate of fair value (A$47.94)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Flight Centre Travel Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


55.2%

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 (1.8%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: FLT's revenue (25.7% per year) is forecast to grow faster than the Australian market (5.7% per year).

High Growth Revenue: FLT's revenue (25.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FLT's Return on Equity is forecast to be high in 3 years time (26.5%)


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Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-58.5%

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 58.5% 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 (47.1%).


Return on Equity

High ROE: FLT has a negative Return on Equity (-46.55%), as it is currently unprofitable.


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Financial Health

How is Flight Centre Travel Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FLT's short term assets (A$1.9B) exceed its short term liabilities (A$1.3B).

Long Term Liabilities: FLT's short term assets (A$1.9B) exceed its long term liabilities (A$1.3B).


Debt to Equity History and Analysis

Debt Level: FLT has more cash than its total debt.

Reducing Debt: FLT's debt to equity ratio has increased from 2.7% to 145.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FLT has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FLT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.47%

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FLT has not reported any payouts.


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Management

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

4.8yrs

Average management tenure


CEO

Skroo Turner (73 yo)

no data

Tenure

AU$650,985

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 ($USD462.38K) is below average for companies of similar size in the Australian market ($USD2.07M).

Compensation vs Earnings: Skroo's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: FLT's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: FLT's board of directors are considered experienced (7.2 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Flight Centre Travel Group Limited's 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
  • Implied Market Cap: AU$3.551b
  • Shares outstanding: 199.84m
  • Website: https://www.fctgl.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.