Obermatt

Flight Centre Travel

ASX:FLT · AU000000FLT9
Hotels, Restaurants & LeisureLarge

360

81
EV / EBIT79
Price / Owner Earnings30
Owner Earnings Yield63
Dividend Yield95
Price/Sales84
EV / Gross Profit82
Price/Book59
Return on Capital52
Cash Return on Capital54
Return on Equity37
EBIT Margin23
Gross Profitability62
Cash Conversion46
Accruals18
Owner Earnings Margin37
Sales growth35
Profit Growth66
Long-Term EPS Growth70
Owner Earnings Growth69
Reinvestment19
Price momentum51
Debt load21
Refinancing43
Debt Payback41
Liquidity39
Analyst ratings49
Opinion Changes56
Price Target Upside68
Market mood61
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Flight Centre Travel clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryHotels, Restaurants & Leisure
SizeLarge
TypePublic Company
ExchangeASX
Founded1987
Employees5,873
Websitefctgl.com
ISINAU000000FLT9
Last UpdateApr 2, 2026
Themes
Adventure TravelTourismTravel AccommodationsBusiness TravelEmployee BenefitsInsuranceLeisureTravel

Description

Flight Centre Travel Group Limited (FLT) serves as a global travel retailer that provides a wide variety of travel experiences and services. The company operates in multiple segments, catering to leisure and corporate travel markets, and offers an ex…

Analysis

Bargain bin

Flight Centre Travel Group Limited is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is fair. The owner-earnings multiple stands at 22.4×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 8% a year, against analyst forecasts of 16%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 10/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
63
2023202420252026

All-time high

93

Dec 2025

All-time low

37

Jan 2023

Average rank

69

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
84
51
50
49
Price/Earnings
93
89
71
1
Price/Book
59
41
38
28
Dividend Yield
95
82
73
66
Value (overall)
99
92
61
69

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →