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FLT

Flight Centre Travel Group ASX:FLT Stock Report

Last Price

AU$15.00

Market Cap

AU$3.0b

7D

-5.5%

1Y

-29.3%

Updated

28 Sep, 2022

Data

Company Financials +
FLT fundamental analysis
Snowflake Score
Valuation4/6
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.

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$15.00
52 Week HighAU$25.28
52 Week LowAU$14.90
Beta1.71
1 Month Change-10.50%
3 Month Change-13.59%
1 Year Change-29.31%
3 Year Change-68.31%
5 Year Change-66.29%
Change since IPO1,150.01%

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-5.5%-3.7%-3.3%
1Y-29.3%-37.8%-10.6%

Return vs Industry: FLT exceeded the Australian Hospitality industry which returned -37.8% over the past year.

Return vs Market: FLT underperformed the Australian Market which returned -10.6% over the past year.

Price Volatility

Is FLT's price volatile compared to industry and market?
FLT volatility
FLT Average Weekly Movement4.8%
Hospitality Industry Average Movement6.2%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: FLT is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FLT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198710,257Skroo 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$3.03b
Earnings (TTM)-AU$286.65m
Revenue (TTM)AU$1.02b

2.9x

P/S Ratio

-10.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLT income statement (TTM)
RevenueAU$1.02b
Cost of RevenueAU$906.85m
Gross ProfitAU$112.32m
Other ExpensesAU$398.97m
Earnings-AU$286.65m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Feb 22, 2023

Earnings per share (EPS)-1.43
Gross Margin11.02%
Net Profit Margin-28.13%
Debt/Equity Ratio136.7%

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

4/6

Valuation Score 4/6

  • 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/Revenue3.4x
Enterprise Value/EBITDA-10x
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 Average6.7x
WEB Webjet
13.7x21.6%AU$1.9b
CTD Corporate Travel Management
6.6x19.2%AU$2.6b
HLO Helloworld Travel
4.5x28.7%AU$299.2m
ENN Elanor Investors Group
1.7x-29.9%AU$202.6m
FLT Flight Centre Travel Group
2.9x20.2%AU$3.0b

Price-To-Sales vs Peers: FLT is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (6.7x).


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 (2.9x) compared to the Australian Hospitality industry average (2.1x)


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 Ratio2.9x
Fair PS Ratio4.6x

Price-To-Sales vs Fair Ratio: FLT is good value based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (4.6x).


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$15) is trading below our estimate of fair value (A$36.89)

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.


Discover undervalued companies

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


56.6%

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 (20.2% per year) is forecast to grow faster than the Australian market (3.7% per year).

High Growth Revenue: FLT's revenue (20.2% 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 (24.7%)


Discover growth companies

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


-54.7%

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 54.7% 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 (15.6%).


Return on Equity

High ROE: FLT has a negative Return on Equity (-36.94%), as it is currently unprofitable.


Discover strong past performing companies

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$2.1B) exceed its short term liabilities (A$1.6B).

Long Term Liabilities: FLT's short term assets (A$2.1B) exceed its long term liabilities (A$1.3B).


Debt to Equity History and Analysis

Debt Level: FLT's net debt to equity ratio (25.2%) is considered satisfactory.

Reducing Debt: FLT's debt to equity ratio has increased from 3.9% to 136.7% 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 3 years 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


3.28%

Forecast Dividend Yield

Dividend Yield vs Market

Flight Centre Travel Group Dividend Yield vs Market
How does Flight Centre Travel Group dividend yield compare to the market?
SegmentDividend Yield
Company (Flight Centre Travel Group)0%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Hospitality)2.6%
Analyst forecast in 3 Years (Flight Centre Travel Group)3.3%

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.


Discover strong dividend paying companies

Management

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

4.9yrs

Average management tenure


CEO

Skroo Turner (73 yo)

27.67yrs

Tenure

AU$732,888

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

Skroo Turner's Compensation vs Flight Centre Travel Group Earnings
How has Skroo Turner's remuneration changed compared to Flight Centre Travel Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$733kAU$651k

-AU$287m

Mar 31 2022n/an/a

-AU$342m

Dec 31 2021n/an/a

-AU$397m

Sep 30 2021n/an/a

-AU$415m

Jun 30 2021AU$651kAU$625k

-AU$433m

Mar 31 2021n/an/a

-AU$674m

Dec 31 2020n/an/a

-AU$915m

Sep 30 2020n/an/a

-AU$788m

Jun 30 2020AU$498kAU$579k

-AU$662m

Mar 31 2020n/an/a

-AU$231m

Dec 31 2019n/an/a

AU$201m

Sep 30 2019n/an/a

AU$232m

Jun 30 2019AU$517kAU$654k

AU$264m

Mar 31 2019n/an/a

AU$255m

Dec 31 2018n/an/a

AU$246m

Sep 30 2018n/an/a

AU$255m

Jun 30 2018AU$1mAU$655k

AU$264m

Mar 31 2018n/an/a

AU$261m

Dec 31 2017n/an/a

AU$259m

Sep 30 2017n/an/a

AU$245m

Jun 30 2017AU$647kAU$380k

AU$231m

Mar 31 2017n/an/a

AU$217m

Dec 31 2016n/an/a

AU$202m

Sep 30 2016n/an/a

AU$223m

Jun 30 2016AU$637kAU$381k

AU$245m

Compensation vs Market: Skroo's total compensation ($USD472.19K) is below average for companies of similar size in the Australian market ($USD1.62M).

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


Leadership Team

Experienced Management: FLT's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: FLT's board of directors are considered experienced (5.5 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

ASX:FLT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
26 Aug 22BuyAU$3,878,732JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany227,780AU$17.34
26 Aug 22SellAU$1,967,340JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany115,575AU$17.34
19 Aug 22BuyAU$18,297,118JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany1,045,550AU$18.35
19 Aug 22SellAU$31,094,865JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany1,781,021AU$18.39
25 Jul 22SellAU$4,773,149State Street Global Advisors, Inc.Company214,479AU$22.55
21 Jul 22BuyAU$14,070,950State Street Global Advisors, Inc.Company619,145AU$22.75
30 Jun 22BuyAU$140,557,599UBS Asset ManagementCompany7,739,995AU$18.17
30 Jun 22SellAU$140,229,512UBS Asset ManagementCompany7,676,776AU$18.27
29 Jun 22BuyAU$41,026,433JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany2,009,527AU$23.28
29 Jun 22SellAU$37,333,370JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany1,964,078AU$23.02
02 Jun 22BuyAU$4,277,612UBS Asset ManagementCompany213,571AU$20.03
02 Jun 22SellAU$6,489,708UBS Asset ManagementCompany324,335AU$20.01
01 Jun 22BuyAU$614,240,234UBS Asset ManagementCompany30,862,242AU$21.78
01 Jun 22SellAU$599,791,695UBS Asset ManagementCompany30,091,430AU$20.12
06 May 22BuyAU$0FMR LLCCompany2,162,316AU$23.00
29 Apr 22SellAU$271,758FMR LLCCompany12,030AU$22.59
22 Apr 22BuyAU$21,906,865FMR LLCCompany1,014,242AU$21.60
05 Apr 22BuyAU$35,667,201JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany1,843,498AU$21.17
05 Apr 22SellAU$41,403,188JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany2,234,906AU$21.04
05 Apr 22SellAU$49,174FMR LLCCompany2,650AU$18.56
30 Mar 22BuyAU$0FMR LLCCompany2,280,297AU$20.26
21 Mar 22SellAU$11,962,891Geoff HarrisIndividual717,500AU$16.67
18 Mar 22SellAU$18,381,020James Management Services Pty. Ltd.Company1,110,000AU$16.56
03 Mar 22BuyAU$57,918State Street Global Advisors, Inc.Company215,582AU$20.81
28 Feb 22BuyAU$394,130,747UBS Asset ManagementCompany21,064,995AU$19.24
28 Feb 22SellAU$396,350,003UBS Asset ManagementCompany21,253,352AU$20.34
25 Feb 22SellAU$24,398FMR LLCCompany1,342AU$18.18
21 Feb 22BuyAU$138,766,843FMR LLCCompany6,602,757AU$21.02
07 Feb 22BuyAU$1,695,102JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany89,352AU$18.97
02 Feb 22SellAU$3,860,567JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany148,135AU$26.06
11 Jan 22BuyAU$2,441,871JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany133,826AU$18.65
11 Jan 22SellAU$6,399,245JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany353,366AU$18.57
04 Jan 22BuyAU$37,965,905JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany2,207,869AU$18.62
04 Jan 22SellAU$40,445,536JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany2,348,440AU$18.66
30 Dec 21BuyAU$32,626Credit Suisse, Investment Banking and Securities InvestmentsCompany1,895AU$17.73
29 Dec 21SellAU$9,703Credit Suisse, Investment Banking and Securities InvestmentsCompany573AU$16.93
16 Dec 21BuyAU$53,983Credit Suisse, Investment Banking and Securities InvestmentsCompany3,100AU$17.41
15 Dec 21SellAU$9,959,836Credit Suisse, Investment Banking and Securities InvestmentsCompany486,994AU$20.46
08 Dec 21BuyAU$219,946,347UBS Asset ManagementCompany11,891,053AU$19.62
07 Dec 21SellAU$227,820,697UBS Asset ManagementCompany12,201,194AU$19.70
02 Dec 21BuyAU$68,841Credit Suisse Asset Management (Switzerland)Company2,956AU$23.29
22 Nov 21BuyAU$11,839,984JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany574,917AU$20.67
22 Nov 21SellAU$11,563,213JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany568,004AU$20.36
08 Nov 21BuyAU$24,657,787JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany1,210,720AU$21.65
08 Nov 21SellAU$19,436,504JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany946,651AU$21.65
05 Nov 21BuyAU$8,593,001UBS Asset ManagementCompany429,001AU$20.03
05 Nov 21SellAU$7,516,113UBS Asset ManagementCompany375,629AU$20.01
04 Nov 21BuyAU$35,736,902UBS Asset ManagementCompany1,765,929AU$20.38
04 Nov 21SellAU$26,155,470UBS Asset ManagementCompany1,294,261AU$20.27
21 Oct 21BuyAU$22,156,246UBS Asset ManagementCompany1,090,219AU$20.32
21 Oct 21SellAU$45,546,975UBS Asset ManagementCompany2,205,676AU$20.65
20 Oct 21BuyAU$164,817,274JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany6,683,911AU$24.70
20 Oct 21SellAU$144,316,802JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany5,774,486AU$25.00

Ownership Breakdown

What is the ownership structure of FLT?
Owner TypeNumber of SharesOwnership Percentage
Private Companies12,484,1956.2%
Individual Insiders32,940,68116.5%
General Public71,382,39235.7%
Institutions83,255,78441.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 63.49% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9.01%
Graham Turner
18,027,916A$270.4m0%no data
8.18%
FMR LLC
16,362,878A$245.4m-0.87%0.02%
7.38%
Geoff Harris
14,759,740A$221.4m-1.22%no data
6.24%
James Management Services Pty. Ltd.
12,484,195A$187.3m-0.72%no data
4.58%
Credit Suisse, Investment Banking and Securities Investments
9,166,755A$137.5m0%0.18%
3.74%
JPMorgan Chase & Co, Brokerage and Securities Investments
7,483,372A$112.3m2.5%0.07%
3.19%
State Street Global Advisors, Inc.
6,384,604A$95.8m-57.23%no data
2.9%
The Vanguard Group, Inc.
5,794,983A$86.9m-17.6%no data
2.47%
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
4,946,187A$74.2m-13.63%0.02%
2.08%
BlackRock, Inc.
4,167,583A$62.5m40.15%no data
1.82%
Spheria Asset Management Pty Ltd
3,647,706A$54.7m7.88%7.48%
1.75%
Yarra Capital Management
3,500,918A$52.5m48.85%4.3%
1.57%
Paradice Investment Management Pty Ltd.
3,139,670A$47.1m-26.05%1.15%
1.45%
Ubique Asset Management Pty Ltd
2,901,954A$43.5m0%57.47%
1.28%
Selector Funds Management Limited
2,566,942A$38.5m53.65%7.4%
1.17%
Macquarie Capital Investment Management LLC
2,337,869A$35.1m62.25%0.42%
0.96%
Dimensional Fund Advisors LP
1,911,915A$28.7m0%no data
0.79%
Optar Pty Ltd
1,584,311A$23.8m14.37%no data
0.77%
UBS Asset Management
1,545,652A$23.2m-84.33%no data
0.65%
Strategic Advisers LLC
1,300,125A$19.5m-39.38%0.01%
0.62%
Norges Bank Investment Management
1,231,284A$18.5m0%no data
0.3%
New York Life Investment Management LLC
601,308A$9.0m0%0.04%
0.23%
Charles Schwab Investment Management, Inc.
454,264A$6.8m2.14%no data
0.2%
Schroder Investment Management Limited
396,725A$6.0m0%no data
0.16%
BetaShares Capital Limited
325,580A$4.9m4.53%0.04%

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$3.031b
  • Shares outstanding: 200.06m
  • Website: https://www.fctgl.com

Number of Employees


Location

  • Flight Centre Travel Group Limited
  • 275 Grey Street
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.