FLT AU

Flight Centre Travel Group Ltd

Consumer


Presented:12/04/2017
Price:A$43.75
Cap:$3.47B
Current Price:A$21.52
Cap:$3.70B

Presented

Date12/04/2017
PriceA$43.75
Market Cap$3.47B
Ent Value$1.94B
P/E Ratio19.15x
Book ValueA$14.15
Div Yield4.3%
Shares O/S101.38M
Ave Daily Vol375,778
Short IntN/A

Current

PriceA$21.52
Market Cap$3.70B
Flight Centre Travel Group Ltd. engages in providing travel retailing, wholesaling and corporate travel management services. Its brands include Escape Travel, Student Flights, Travel Associates, Cruiseabout, Liberty Travel, Infinity Holidays, GOGO Vacations, FCm Travel Solutions, Corporate Traveller, Stage and Screen, cievents and Campus Travel. The company was founded in 1982 and is headquartered in South Brisbane, Australia.

Publicly traded companies mentioned herein: Flight Centre Travel Group Ltd (FLT AU), Thomas Cook Group plc (TCG LN)

Highlights

The presenter is short shares of Flight Centre Travel Group (FLT AU), the Australian tour operator, seeing an excessively rich valuation driven by “aggressive” guidance from company management. He believes structural and macroeconomic headwinds will make it difficult for FLT AU meet its forecasts. He models 20% - 30% downside over the next 6 – 12 months and thinks the risk/reward set-up for the short is attractive given the lofty valuation.

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Idea Discussion

Commentor 1 - 2 weeks ago

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