Flight Centre Cruises to New Heights but Sky Won't Always be Blue
Shares in no-moat-rated Flight Centre have surged almost 40% since the start of 2018, and are now trading at a 66% premium to our AUD 37 fair value estimate.We are cognisant of the current buoyant trading conditions which led to a 23% increase in fiscal 2018 first-half normalised pretax profit, or PBT, and are likely to underpin a further estimated 10% lift in second-half PBT. Indeed, growth in the current six-month period could be as high as 14% according to management guidance. We are also aw...
Flight Centre Travel Group is engaged in the travel retailing in both the leisure and corporate travel sectors, plus wholesaling.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.