FLIGHT CENTRE TRAVEL GROUP LIMITED (FLT)
Share Price Analysis and Chart

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FLT

FLT - FLIGHT CENTRE TRAVEL GROUP LIMITED

FNArena Sector : Travel, Leisure & Tourism
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 2.42
Index: ASX200 | ASX300 | ALL-ORDS

Flight Centre is an Australian travel services retailer. International operations include the US, UK and South Africa, in addition to licences for its name in over 80 countries. Founded in 1982 it became a listed company in 1995.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.83

02 Oct
2025

0.360

OPEN

$11.51

3.14%

HIGH

$11.88

1,221,518

LOW

$11.51

TARGET
$15.15 28.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AIA . AIZ . CEH . CHL . CTD . EVT . EXP . HLO . KLS . QAN . SDR . SKO . SST . THL . VGL . VRL . VVA . WEB . WJL .
FNARENA'S MARKET CONSENSUS FORECASTS
FLT: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 49.6 102.5 xxx
DPS (cps) xxx 40.0 43.6 xxx
EPS Growth xxx - 22.1% 100.0% xxx
DPS Growth xxx 0.0% 9.0% xxx
PE Ratio xxx N/A 11.6 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 80.6% 42.5% xxx

Dividend yield today if purchased 3 years ago: 2.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.36

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 18/09 - ex-div 30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx49.6
DPS All xxxxxxxxxxxxxxx40.0
Sales/Revenue xxxxxxxxxxxxxxx2,783.9 M
Book Value Per Share xxxxxxxxxxxxxxx564.2
Net Operating Cash Flow xxxxxxxxxxxxxxx140.8 M
Net Profit Margin xxxxxxxxxxxxxxx3.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx9.02 %
Return on Invested Capital xxxxxxxxxxxxxxx6.01 %
Return on Assets xxxxxxxxxxxxxxx2.56 %
Return on Equity xxxxxxxxxxxxxxx9.02 %
Return on Total Capital xxxxxxxxxxxxxxx10.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx15.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx285 M
Long Term Debt xxxxxxxxxxxxxxx599 M
Total Debt xxxxxxxxxxxxxxx884 M
Goodwill - Gross xxxxxxxxxxxxxxx957 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx816 M
Price To Book Value xxxxxxxxxxxxxxx2.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx102.7 M
Capex % of Sales xxxxxxxxxxxxxxx3.69 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,725 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx843 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx56 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

28/08/2025

1

Buy

$15.65

32.29%

Flight Centre Travel's FY25 result was broadly in line with Morgans’ expectations, with total transaction value of $24.5bn up 3.3% but profit before tax down -9.8% to $289.1m due to weaker margins.

Operating cash flow (OCF) fell -67% on a timing issue, though a 29c fully franked dividend was declared, above the broker's forecast, lifting the payout ratio to 52%.

Corporate missed the analysts' expectations, dragged down by Asia, which posted a -$21.5m loss versus a prior-year profit, while Leisure also underperformed on softer UK/Europe and US bookings.

Corporate Traveller in the US was a bright spot with 12% transaction growth, notes Morgans, while European operations showed margin improvement.

Guidance suggests to the broker flat 1H26 profit before tax, stronger than expected but weaker than consensus. Acceleration is anticipated in 2H26 as Asia returns to profit, UK operations improve, and internal projects deliver cost benefits.

Morgans lifts its valuation to $15.65 from $15.35 and retains a Buy rating.

FORECAST
Morgans forecasts a full year FY26 dividend of 51.00 cents and EPS of 102.00 cents.
Morgans forecasts a full year FY27 dividend of 58.00 cents and EPS of 117.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Wilsons

04/09/2025

1

Overweight

$17.29

46.15%

Wilsons retains its Overweight rating and raises its price target to $17.29 from $17.15.

The broker reports FY25 PBT of $289.1m was in line with guidance, with growth in specialist leisure brands and US corporate operations partly offset by lower overrides and geopolitical headwinds.

Corporate Traveller US grew strongly, with July TTV up 20%, while specialist and independent leisure channels continued rapid growth.

Strategic initiatives include holding costs flat, cutting capex by -15 to -20%, closing underperforming brands, and launching a Leisure loyalty program in 1H26, the analysts note.

Forecasts are marginally updated, with group EBITDA raised by 3% in FY26, moderating to 1% across FY27–28, while forecast net profit is adjusted by around 1%.

FORECAST
Wilsons forecasts a full year FY26 dividend of 52.50 cents and EPS of 105.90 cents.
Wilsons forecasts a full year FY27 dividend of 61.20 cents and EPS of 125.80 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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FLT STOCK CHART

FNArena News on FLT

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