Company DescriptionFlight 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. 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, Liberty Travel, Infinity Holidays, GOGO Vacations, FCm Travel Solutions, Corporate Traveller, Stage and Screen, and cievents. 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 South Brisbane, Australia.

How the Company Makes Money

Flight Centre Travel Group Limited Financial Statement Overview

Summary

Flight Centre Travel Group has demonstrated a commendable turnaround in its financial performance. Revenue growth and improved profitability margins signal strong recovery and operational efficiency. The balance sheet stability and excellent cash flow management underscore the company's robust financial health, positioning it well for future growth.

Income Statement

Positive

Flight Centre Travel Group has shown a strong recovery in revenue with a significant growth rate from the previous year. The gross profit margin improved to 36.2%, reflecting efficient cost management. The net profit margin at 5.2% is modest but a substantial improvement from previous losses. EBIT and EBITDA margins also indicate better operational efficiency.

Balance Sheet

Positive

The balance sheet reflects a solid equity position with a debt-to-equity ratio of 0.82, showing moderate leverage. Return on equity stands at 11.6%, indicating effective use of equity to generate profits. The equity ratio is 28.5%, highlighting a stable asset base relative to liabilities.

Cash Flow

Positive

Cash flow from operations has improved significantly, contributing to a strong free cash flow growth. The operating cash flow to net income ratio is 3.02, reflecting robust cash generation relative to earnings. Free cash flow to net income ratio of 2.33 further emphasizes strong cash flow management.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
2.75B	2.71B	2.28B	1.01B	395.91M	1.90B
	Gross Profit
1.19B	980.39M	740.80M	-25.53M	-554.82M	42.54M
	EBIT
959.99M	243.51M	115.23M	-402.46M	-823.24M	-777.73M
	EBITDA
273.18M	461.37M	301.43M	-205.71M	-444.10M	-574.00M
	Net Income Common Stockholders
113.51M	139.64M	47.46M	-286.65M	-433.13M	-662.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
526.13M	1.17B	1.35B	1.23B	1.36B	1.88B
	Total Assets
3.87B	4.21B	4.53B	3.86B	3.36B	4.11B
	Total Debt
951.19M	988.15M	1.36B	1.32B	1.28B	988.84M
	Net Debt
425.06M	-169.51M	30.30M	89.37M	-7.29M	-878.46M
	Total Liabilities
2.63B	3.01B	3.40B	3.09B	2.41B	2.75B
	Stockholders Equity
1.24B	1.20B	1.14B	775.83M	956.04M	1.36B
Cash Flow		Free Cash Flow
218.14M	325.88M	64.14M	-141.75M	-948.03M	-104.88M
	Operating Cash Flow
245.38M	421.48M	156.17M	-101.37M	-910.68M	-10.64M
	Investing Cash Flow
-85.45M	-75.70M	-240.46M	-83.90M	-33.73M	-31.81M
	Financing Cash Flow
-362.02M	-489.00M	134.11M	92.93M	355.88M	757.20M

Flight Centre Travel Group Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FGETF		$1.91B	25.16	9.61%	3.15%	―	―
Sector *	62 Neutral	$6.84B	11.41	2.80%	3.87%	2.70%	-24.58%
CTMLF		$1.33B	31.03	5.40%	1.61%	―	―
WEBJF		$1.18B	2.76	1.65%	―	―	―
ID9		€139.04M	7.91	7.99%	10.95%	―	―
PMV	71 Outperform	AU$3.24B	16.35	14.01%	6.57%	-27.48%	-27.96%
JAY	40 Underperform	AU$1.42M	―		―	-19.57%	63.87%

* Consumer Cyclical Sector Average

Performance Comparison

FGETF

Flight Centre Travel Group Limited

8.62

-3.92

-31.26%

CTMLF

Corporate Travel Management Limited

9.04

0.33

3.79%

WEBJF

WEB Travel Group

0.93

-3.47

-78.86%

DE:ID9

Helloworld Travel Ltd

0.78

-0.38

-32.76%

AU:JAY

Jayride Group Ltd.

0.01

0.00

0.00%

AU:PMV

Premier Investments Limited

20.25

-0.91

-4.30%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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