FLT 2.04% $17.48 flight centre travel group limited

WEB & FLT EBITDA to TTV. To me, WEB started off very small but a...

  1. RoE
    592 Posts.
    WEB & FLT EBITDA to TTV. To me, WEB started off very small but a bit more profitable than FLT, but has had profitability decline as it grows. As MarsC and & agree, WEB looks like they are buying less profitable TTV, while FLT has been a bit defensive on that to support margins ( ie lower market share growth but protecting margin) upload_2015-7-10_9-27-10.png . This also ties in with Turners statements that margins have stabilised for 2H FY 15.

    [NB :  WEB 2015: from company guidance, FLT 2015: $360 plus 2 x half year Depreciation & Amortisation, and TTV at 3% increase over 2014]


    upload_2015-7-10_9-27-10.png
 
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