Why Fundamental Investors Might Love Flight Centre Travel Group Limited (ASX:FLT)
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to their future outlook. In the case of Flight Centre Travel Group Limited (ASX:FLT), it is a highly-regarded dividend-paying company that has been able to sustain great financial health over the past. Below, I’ve touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, read the full report on Flight Centre Travel Group here.
Excellent balance sheet average dividend payer
FLT’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This implies that FLT manages its cash and cost levels well, which is a crucial insight into the health of the company. FLT’s has produced operating cash levels of 2.99x total debt over the past year, which implies that FLT’s management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
For those seeking income streams from their portfolio, FLT is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 3.8%.
Next Steps:
For Flight Centre Travel Group, I’ve compiled three essential aspects you should look at:
Future Outlook: What are well-informed industry analysts predicting for FLT’s future growth? Take a look at our free research report of analyst consensus for FLT’s outlook.
Historical Performance: What has FLT’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of FLT? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
