Company Valuation: Flight Centre Travel Group Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,960 3,468 4,154 4,439 2,705 2,256 - -
Change - 17.16% 19.78% 6.86% -39.05% -16.59% - -
Enterprise Value (EV) 1 2,237 3,271 3,638 3,834 2,213 1,893 1,796 1,759
Change - 46.24% 11.2% 5.4% -42.27% -14.48% -5.12% -2.08%
P/E ratio -6.83x -12.1x 84.7x 40.2x 25.5x 11.9x 9.34x 8.38x
PBR 3.1x 4.47x 3.66x 3.71x 2.22x 1.82x 1.63x 1.45x
PEG - 0.4x -1x 0x -10.67x 0.1x 0.3x 0.7x
Capitalization / Revenue 7.48x 3.44x 1.82x 1.64x 0.97x 0.76x 0.72x 0.68x
EV / Revenue 5.65x 3.25x 1.59x 1.41x 0.8x 0.64x 0.58x 0.53x
EV / EBITDA -6.74x -17.9x 12.1x 8.02x 4.94x 3.81x 3.26x 2.93x
EV / EBIT -4.76x -10.6x 22.8x 12x 7.41x 5.61x 4.63x 4.07x
EV / FCF -2.36x -23.1x 56.7x 11.8x 60.6x 6.97x 5.06x 4.82x
FCF Yield -42.4% -4.33% 1.76% 8.5% 1.65% 14.3% 19.8% 20.8%
Dividend per Share 2 - - 0.18 0.4 0.4 0.4438 0.5394 0.6211
Rate of return - - 0.94% 1.98% 3.21% 4.02% 4.89% 5.63%
EPS 2 -2.175 -1.437 0.225 0.502 0.49 0.9272 1.18 1.317
Distribution rate - - 80% 79.7% 81.6% 47.9% 45.7% 47.2%
Net sales 1 395.9 1,007 2,281 2,711 2,784 2,955 3,117 3,297
EBITDA 1 -332 -183.1 301.6 478 448.2 496.4 551.7 600.9
EBIT 1 -470 -309.1 159.6 319 298.9 337.3 387.9 432.6
Net income 1 -433.1 -286.7 47.46 139.2 109.5 189 241.9 268.6
Net Debt 1 -723 -196.7 -516 -604.5 -492 -363.5 -460.3 -497.7
Reference price 2 14.85 17.36 19.05 20.18 12.48 11.03 11.03 11.03
Nbr of stocks (in thousands) 199,324 199,766 218,048 219,951 216,771 204,567 - -
Announcement Date 25/08/21 24/08/22 29/08/23 27/08/24 26/08/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.9x0.64x3.81x4.02% 1.6B
15.87x4.34x11.67x1.01% 129B
12.78x1.93x6.52x0.75% 30.03B
14.44x1.62x6.46x0.8% 27.47B
118.5x4.25x25.19x-.--% 4.18B
8.52x0.88x3.38x2.47% 4.1B
39.81x1.43x7.2x1.55% 1.53B
21.16x0.8x4.8x-.--% 1.38B
53.02x4.66x32.11x-.--% 1.37B
10.78x2.23x5.47x-.--% 1.09B
Average 30.68x 2.28x 10.66x 1.06% 20.12B
Weighted average by Cap. 17.61x 3.45x 10.26x 0.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Flight Centre Travel Group Limited