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Flight Centre Travel Group

DB:FLI
Snowflake Description

Very undervalued 6 star dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLI
DB
A$1B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

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. The last earnings update was 40 days ago. More info.


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  • Flight Centre Travel Group has significant price volatility in the past 3 months.
FLI Share Price and Events
7 Day Returns
0%
DB:FLI
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-70.9%
DB:FLI
-48.1%
DE Hospitality
-20.9%
DE Market
FLI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Flight Centre Travel Group (FLI) 0% -48.4% -71% -70.9% -62.2% -73%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • FLI underperformed the Hospitality industry which returned -48.1% over the past year.
  • FLI underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
FLI
Industry
5yr Volatility vs Market

Value

 Is Flight Centre Travel Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Flight Centre Travel Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Flight Centre Travel Group.

DB:FLI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:FLI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 30%) (76.7%))
1.135
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.135 * 5.44%)
5.79%

Discounted Cash Flow Calculation for DB:FLI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Flight Centre Travel Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:FLI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.79%)
2020 114.50 Analyst x5 108.24
2021 202.46 Analyst x5 180.92
2022 275.53 Analyst x4 232.74
2023 324.65 Analyst x1 259.24
2024 358.51 Est @ 10.43% 270.62
2025 384.27 Est @ 7.18% 274.20
2026 403.15 Est @ 4.91% 271.94
2027 416.54 Est @ 3.32% 265.60
2028 425.74 Est @ 2.21% 256.62
2029 431.82 Est @ 1.43% 246.05
Present value of next 10 years cash flows A$2,366.00
DB:FLI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$431.82 × (1 + -0.39%) ÷ (5.79% – -0.39%)
A$6,964.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$6,964.78 ÷ (1 + 5.79%)10
A$3,968.53
DB:FLI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$2,366.00 + A$3,968.53
A$6,334.53
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$6,334.53 / 101.14
A$62.63
DB:FLI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FLI represents 0.80727x of ASX:FLT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.80727x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 62.63 x 0.80727
€50.56
Value per share (EUR) From above. €50.56
Current discount Discount to share price of €8.00
= -1 x (€8.00 - €50.56) / €50.56
84.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Flight Centre Travel Group is available for.
Intrinsic value
>50%
Share price is €8 vs Future cash flow value of €50.56
Current Discount Checks
For Flight Centre Travel Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Flight Centre Travel Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Flight Centre Travel Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Flight Centre Travel Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Flight Centre Travel Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FLI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$1.99
ASX:FLT Share Price ** ASX (2020-03-18) in AUD A$9.91
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Flight Centre Travel Group.

DB:FLI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:FLT Share Price ÷ EPS (both in AUD)

= 9.91 ÷ 1.99

4.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Flight Centre Travel Group is good value based on earnings compared to the DE Hospitality industry average.
  • Flight Centre Travel Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Flight Centre Travel Group's expected growth come at a high price?
Raw Data
DB:FLI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
39.6%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:FLI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.97x ÷ 39.6%

0.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Flight Centre Travel Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Flight Centre Travel Group's assets?
Raw Data
DB:FLI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$13.92
ASX:FLT Share Price * ASX (2020-03-18) in AUD A$9.91
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:FLI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:FLT Share Price ÷ Book Value per Share (both in AUD)

= 9.91 ÷ 13.92

0.71x

* Primary Listing of Flight Centre Travel Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Flight Centre Travel Group is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Flight Centre Travel Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Flight Centre Travel Group has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Flight Centre Travel Group expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Flight Centre Travel Group expected to grow at an attractive rate?
  • Flight Centre Travel Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Flight Centre Travel Group's earnings growth is expected to exceed the Germany market average.
  • Flight Centre Travel Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FLI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FLI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 39.6%
DB:FLI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 6.6%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:FLI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FLI Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 3,531 1
2022-06-30 3,240 415 212 12
2021-06-30 2,946 376 151 13
2020-06-30 2,793 80 65 13
2020-04-06
DB:FLI Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,140 338 201
2019-09-30 3,098 309 232
2019-06-30 3,055 279 264
2019-03-31 3,040 255
2018-12-31 3,024 221 246
2018-09-30 2,974 268 255
2018-06-30 2,923 314 264
2018-03-31 2,867 261
2017-12-31 2,812 339 259
2017-09-30 2,776 317 245
2017-06-30 2,740 295 231
2017-03-31 2,699 301 217

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Flight Centre Travel Group's earnings are expected to grow significantly at over 20% yearly.
  • Flight Centre Travel Group's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:FLI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Flight Centre Travel Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FLI Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 3.54 3.54 3.54 1.00
2022-06-30 2.22 3.02 1.17 10.00
2021-06-30 1.65 2.48 0.49 11.00
2020-06-30 0.46 1.45 -1.99 9.00
2020-04-06
DB:FLI Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 1.99
2019-09-30 2.30
2019-06-30 2.62
2019-03-31 2.53
2018-12-31 2.44
2018-09-30 2.53
2018-06-30 2.61
2018-03-31 2.59
2017-12-31 2.56
2017-09-30 2.42
2017-06-30 2.29
2017-03-31 2.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Flight Centre Travel Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Flight Centre Travel Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Flight Centre Travel Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Flight Centre Travel Group's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Flight Centre Travel Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Flight Centre Travel Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Flight Centre Travel Group's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Flight Centre Travel Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Flight Centre Travel Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FLI Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,140.24 201.05 382.39
2019-09-30 3,097.76 232.44 406.69
2019-06-30 3,055.27 263.83 430.99
2019-03-31 3,039.73 254.98 429.56
2018-12-31 3,024.19 246.14 428.13
2018-09-30 2,973.59 254.86 430.05
2018-06-30 2,922.99 263.58 431.97
2018-03-31 2,867.37 261.07 427.63
2017-12-31 2,811.76 258.56 423.30
2017-09-30 2,776.03 244.67 424.96
2017-06-30 2,740.30 230.77 426.63
2017-03-31 2,699.12 216.54 430.56
2016-12-31 2,657.94 202.32 434.50
2016-09-30 2,635.18 223.44 427.93
2016-06-30 2,612.41 244.56 421.37
2016-03-31 2,567.19 258.74 408.09
2015-12-31 2,521.98 272.93 394.81
2015-09-30 2,442.79 264.74 387.25
2015-06-30 2,363.61 256.55 379.70
2015-03-31 2,311.11 226.50 372.98
2014-12-31 2,258.62 196.44 366.26
2014-09-30 2,233.30 201.68 359.95
2014-06-30 2,207.99 206.92 353.64
2014-03-31 2,146.69 235.98 338.39
2013-12-31 2,085.39 265.03 323.14
2013-09-30 2,015.19 255.56 312.23
2013-06-30 1,944.98 246.08 301.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Flight Centre Travel Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Flight Centre Travel Group used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Flight Centre Travel Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Flight Centre Travel Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Flight Centre Travel Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Flight Centre Travel Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Flight Centre Travel Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Flight Centre Travel Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Flight Centre Travel Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Flight Centre Travel Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Flight Centre Travel Group Company Filings, last reported 3 months ago.

DB:FLI Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,407.91 214.38 217.94
2019-09-30 1,407.91 214.38 217.94
2019-06-30 1,462.32 185.09 352.28
2019-03-31 1,462.32 185.09 352.28
2018-12-31 1,506.24 35.77 393.96
2018-09-30 1,506.24 35.77 393.96
2018-06-30 1,514.56 35.50 553.00
2018-03-31 1,514.56 35.50 553.00
2017-12-31 1,433.44 91.49 468.35
2017-09-30 1,433.44 91.49 468.35
2017-06-30 1,428.76 55.87 530.15
2017-03-31 1,428.76 55.87 530.15
2016-12-31 1,334.67 91.90 448.62
2016-09-30 1,334.67 91.90 448.62
2016-06-30 1,345.95 76.85 606.80
2016-03-31 1,345.95 76.85 606.80
2015-12-31 1,285.21 21.22 429.81
2015-09-30 1,285.21 21.22 429.81
2015-06-30 1,270.12 32.81 564.73
2015-03-31 1,270.12 32.81 564.73
2014-12-31 1,142.89 31.92 429.41
2014-09-30 1,142.89 31.92 429.41
2014-06-30 1,097.80 44.88 476.04
2014-03-31 1,097.80 44.88 476.04
2013-12-31 1,072.86 44.59 404.89
2013-09-30 1,072.86 44.59 404.89
2013-06-30 1,026.19 46.19 447.22
  • Flight Centre Travel Group's level of debt (15.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.1% vs 15.2% today).
  • Debt is well covered by operating cash flow (157.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.2x coverage).
X
Financial health checks
We assess Flight Centre Travel Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Flight Centre Travel Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
15.94%
Current annual income from Flight Centre Travel Group dividends. Estimated to be 10.52% next year.
If you bought €2,000 of Flight Centre Travel Group shares you are expected to receive €319 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Flight Centre Travel Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Flight Centre Travel Group's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:FLI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:FLI Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 2.12 1.00
2022-06-30 1.32 13.00
2021-06-30 1.01 13.00
2020-06-30 0.74 14.00
2020-04-06
DB:FLI Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-21 1.580 4.139
2019-02-20 1.670 3.900
2018-08-22 1.670 3.507
2017-08-23 1.390 2.641
2016-08-24 1.520 4.471
2015-10-28 1.520 4.166
2014-08-26 1.520 3.915
2013-08-26 1.370 2.826
2012-08-27 1.120 3.545
2011-08-22 0.840 4.294
2010-08-23 0.700 3.131
2010-02-24 0.520 2.803
2009-08-25 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Flight Centre Travel Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Flight Centre Travel Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Flight Centre Travel Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Flight Centre Travel Group has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Flight Centre Travel Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Skroo Turner
COMPENSATION A$516,885
AGE 70
CEO Bio

Mr. Graham F. Turner, also known as Skroo, BVSc is the Founder of Flight Centre Travel Group Limited and serves as its Chief Executive Officer. Mr. Turner is the Founder of Australian OpCo Pty Ltd. and serves as its Chairman of the Board and Chief Executive Officer. He serves as Global Managing Director of Flight Centre Travel Group Limited. He established Top Deck Travel. He has significant experience in running retail travel businesses in Australia, New Zealand, USA., UK South Africa and Canada. He served as an Executive Chairman of Flight Centre Travel Group Limited from July 1, 2005 to March 2006 and has been it’s an Executive Director since 1995. He served as a Global Managing Director of Flight Centre Travel Group Limited. He has many years of corporate and leisure travel experience. He began his career in travel after completing sity in Australia and moving to London in 1972. He is Director of the Australian Federation of Travel Agents Limited since September 2005. He is also a keen environmentalist and supporter of the Australian Bush Heritage Fund. He worked as a vet in western Victoria before moving to London. He is a graduate. He trained as a veterinarian at the University of Queensland.

CEO Compensation
  • Skroo's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Skroo's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Flight Centre Travel Group management team in years:

2.5
Average Tenure
52
Average Age
  • The tenure for the Flight Centre Travel Group management team is about average.
Management Team

Skroo Turner

TITLE
Founder
COMPENSATION
A$517K
AGE
70

Adam Campbell

TITLE
Chief Financial Officer
COMPENSATION
A$1M
AGE
44
TENURE
4.7 yrs

Chris Galanty

TITLE
Chief Executive Officer of Corporate Business
COMPENSATION
A$4M
AGE
45
TENURE
11.3 yrs

Melanie Waters-Ryan

TITLE
Chief Executive Officer of Leisure Business
COMPENSATION
A$2M
AGE
52

Geoff Harris

TITLE
AGE
68

Haydn Long

TITLE
Investor & Media Relations Officer

Trent Palelei

TITLE
Head of Risk Manangement Division
TENURE
15.3 yrs

James Kavanagh

TITLE
Australian Managing Director
TENURE
0.3 yrs

Steve Norris

TITLE
Managing Director of EMEA - London
TENURE
0.3 yrs

Charlene Leiss

TITLE
Americas Managing Director
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Flight Centre Travel Group board of directors in years:

4.3
Average Tenure
59
Average Age
  • The tenure for the Flight Centre Travel Group board of directors is about average.
Board of Directors

Gary Smith

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$250K
AGE
59
TENURE
5.6 yrs

Skroo Turner

TITLE
Founder
COMPENSATION
A$517K
AGE
70
TENURE
25.3 yrs

John Eales

TITLE
Independent Non-Executive Director
COMPENSATION
A$170K
AGE
49
TENURE
7.6 yrs

Rob Baker

TITLE
Independent Non-Executive Director
COMPENSATION
A$170K
AGE
61
TENURE
6.6 yrs

Atle Skalleberg

TITLE
Chair of Digital Commerce Advisory Board
TENURE
3.1 yrs

Nicolas Brusson

TITLE
Member of Digital Commerce Advisory Board
TENURE
3.1 yrs

Hugh Crean

TITLE
Member of Digital Commerce Advisory Board
TENURE
3.1 yrs

Colette Garnsey

TITLE
Independent Non-Executive Director
COMPENSATION
A$170K
AGE
59
TENURE
2.2 yrs

Kim Nemser

TITLE
Member of Digital Commerce Advisory Board
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Flight Centre Travel Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. Mar 20 Buy Robert Baker Individual 28. Feb 20 28. Feb 20 600 €19.34 €11,607
14. Nov 19 Buy Colette Garnsey Individual 14. Nov 19 14. Nov 19 1,250 €25.02 €31,279
11. Nov 19 Buy John Eales Individual 11. Nov 19 11. Nov 19 2,000 €24.69 €49,378
30. Apr 19 Buy Robert Baker Individual 30. Apr 19 30. Apr 19 1,000 €24.20 €24,200
X
Management checks
We assess Flight Centre Travel Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Flight Centre Travel Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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. 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. It also supplies products to its national and international network, or travel retail outlets. In addition, the company offers other travel related services, including foreign currency exchange and travel academies; recruitment marketing and bike retailing; and employee benefit services. It provides its services primarily under the Flight Centre brand, as well as other travel brands, such as Student Flights, Travel Associates, My Adventure Travel, Liberty Travel, Infinity Holidays, GOGO Vacations, FCm Travel Solutions, Corporate Traveller, Stage and Screen, cievents, and Campus Travel. The company was formerly known as Flight Centre Limited and changed its name to Flight Centre Travel Group Limited in November 2013. Flight Centre Travel Group Limited was incorporated in 1987 and is headquartered in Brisbane, Australia.

Details
Name: Flight Centre Travel Group Limited
FLI
Exchange: DB
Founded: 1987
A$558,274,243
101,139,424
Website: http://www.fctgl.com
Address: Flight Centre Travel Group Limited
275 Grey Street,
Southpoint,
Brisbane,
Queensland, 4101,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FLT Ordinary Shares Australian Securities Exchange AU AUD 05. Dec 1995
OTCPK FGET.F Ordinary Shares Pink Sheets LLC US USD 05. Dec 1995
DB FLI Ordinary Shares Deutsche Boerse AG DE EUR 05. Dec 1995
CHIA FLT Ordinary Shares Chi-X Australia AU AUD 05. Dec 1995
Number of employees
Current staff
Staff numbers
19,993
Flight Centre Travel Group employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 00:15
End of day share price update: 2020/03/18 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.