Flight Z Score

FLT -  Australia Stock  

AUD 18.33  0.13  0.71%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please check Flight Centre Piotroski F Score and Flight Centre Valuation analysis.

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Flight Centre Direct Expenses is fairly stable at the moment as compared to the past year. Flight Centre reported Direct Expenses of 149.33 Million in 2020. Revenues is likely to rise to about 1.9 B in 2021, whereas Net Income is likely to drop (781.5 M) in 2021.

Flight Z Score Analysis

Flight Centre's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2018 2019 2020 2021 (projected)
Receivables561.72 M319.6 M287.64 M387.67 M
Inventories1.64 M12.12 M10.91 M11.77 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Flight Centre Z Score

    
  1.2  
Most of Flight Centre's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Flight Centre Travel is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Flight Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Flight Centre is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Flight Centre's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Flight Centre's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Flight Centre's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

According to the company's disclosures, Flight Centre Travel has a Z Score of 1.2. This is 62.85% lower than that of the Consumer Cyclical sector and significantly higher than that of the Travel Services industry. The z score for all Australia stocks is 86.24% higher than that of the company.

Flight Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Flight Centre's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Flight Centre could also be used in its relative valuation, which is a method of valuing Flight Centre by comparing valuation metrics of similar companies.
Flight Centre is currently under evaluation in z score category among related companies.

Flight Centre Current Valuation Drivers

We derive many important indicators used in calculating different scores of Flight Centre from analyzing Flight Centre's financial statements. These drivers represent accounts that assess Flight Centre's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Flight Centre's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee11.82 K12.98 K13.2 K(62.21 K)(71.54 K)(73.42 K)
Revenue Per Employee137.08 K145.63 K152.82 K178.32 K160.49 K144.17 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA412.33 M450.4 M430.33 M(741.76 M)(853.02 M)(875.47 M)

Flight Fundamentals

About Flight Centre Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Flight Centre Travel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Flight Centre using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Flight Centre Travel based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Flight Centre Travel Group Limited provides travel retailing services for the leisure, corporate, and wholesale travel sectors in Australia, New Zealand, Europe, the Middle East, Africa, the Americas, Asia, and Internationally. Flight Centre Travel Group Limited was incorporated in 1987 and is headquartered in South Brisbane, Australia. Flight Centre operates under Travel Services classification in Australia and is traded on Australian Securities Exchange. It employs 10615 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Flight Centre without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Flight Centre Piotroski F Score and Flight Centre Valuation analysis. Note that the Flight Centre Travel information on this page should be used as a complementary analysis to other Flight Centre's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Flight Stock analysis

When running Flight Centre Travel price analysis, check to measure Flight Centre's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flight Centre is operating at the current time. Most of Flight Centre's value examination focuses on studying past and present price action to predict the probability of Flight Centre's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Flight Centre's price. Additionally, you may evaluate how the addition of Flight Centre to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Flight Centre's value and its price as these two are different measures arrived at by different means. Investors typically determine Flight Centre value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flight Centre's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.