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How to buy Flight Centre (FLT) shares in Australia

Learn how to easily invest in Flight Centre shares.

Flight Centre Travel Group (FLT) is a travel services provider with operations in Australia, New Zealand, Europe, the Americas and other international regions. It also provides travel services under other travel brands including Discova, Independent by Liberty Travel and Travelsmart. FLT is listed on the ASX, and as of June 2021, is gradually recovering after a sharp drop in February 2020.

How to buy shares in Flight Centre

To buy shares listed in Australia such as Flight Centre, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Flight Centre.
    Find the share by name or ticker symbol: FLT. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Flight Centre reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Flight Centre. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Flight Centre stock price (ASX:FLT)

Use our graph to track the performance of FLT stocks over time.

Flight Centre shares at a glance

Information last updated 2024-07-19.
52-week range$17.532 - $23.1782
50-day moving average $20.2534
200-day moving average $20.3183
Target price$23.09
PE ratio 39.069
Dividend yield $0.28 (0.88%)
Earnings per share (TTM) $0.58

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy Flight Centre stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Flight Centre price performance over time

Historical closes compared with the last close of A$23.01

1 week (2024-07-16) 4.40%
1 month (2024-06-21) 16.21%
3 months (2024-04-23) 9.62%
6 months (2024-01-23) 9.16%
1 year (2023-07-21) 3.93%
2 years (2022-07-22) 34.48%
3 years (2021-07-23) 54.43%
5 years (2019-07-23) -42.80%

Is Flight Centre under- or over-valued?

Valuing Flight Centre stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Flight Centre's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Flight Centre's P/E ratio

Flight Centre's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 39x. In other words, Flight Centre shares trade at around 39x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Flight Centre's PEG ratio

Flight Centre's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.02. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Flight Centre's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Flight Centre's EBITDA

Flight Centre's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $292.8 million (£150 million).

The EBITDA is a measure of a Flight Centre's overall financial performance and is widely used to measure stock profitability.

Flight Centre financials

Revenue TTM $2.6 billion
Operating margin TTM 7.72%
Gross profit TTM $912.6 million
Return on assets TTM 4.14%
Return on equity TTM 15.75%
Profit margin 5.99%
Book value 5.322
Market capitalisation $5 billion

TTM: trailing 12 months

Flight Centre share dividends

69%

Dividend payout ratio: 69.39% of net profits

Recently Flight Centre has paid out, on average, around 69.39% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.88% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Flight Centre shareholders could enjoy a 0.88% return on their shares, in the form of dividend payments. In Flight Centre's case, that would currently equate to about A$0.28 per share.

Flight Centre's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 25 March 2024 (the "ex-dividend date").

Have Flight Centre's shares ever split?

Flight Centre's shares were split on a 1.0013:1 basis on 11 March 2003. So if you had owned 1 share the day before the split, the next day you would own 1.0013 shares. This wouldn't directly have changed the overall worth of your Flight Centre shares – just the quantity. However, indirectly, the new 0.1% lower share price could have impacted the market appetite for Flight Centre shares which in turn could have impacted Flight Centre's share price.

Flight Centre share price volatility

Over the last 12 months, Flight Centre's shares have ranged in value from as little as $17.532 up to $23.1782. A popular way to gauge a stock's volatility is its "beta".

FLT.AU volatility(beta: 1.64)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Flight Centre's is 1.635. This would suggest that Flight Centre's shares are more volatile than the average for this exchange and represent, relatively speaking, a higher risk (but potentially also market-beating returns).

Flight Centre overview

Flight Centre Travel Group Limited provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the 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. The company was incorporated in 1987 and is headquartered in South Brisbane, Australia.

Past developments

01 February 2023: Flight Centre announces the acquistion of UK luxury trip agency Scott Dunn. The acquisition would be financed via a $180 million of Flight Centre's stock and $40 million in cash.
01 February 2023: Following the announcement of the acquisition of Scott Dunn, Morningstar added a buy rating for Flight Centre, valuing the company at $17.83 per share. Goldman Sachs remains netural saying a fair price is $16.40 a share

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

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