CORPORATE TRAVEL MANAGEMENT LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.39 AUD | +0.68% |
|
-4.77% | -31.54% |
| Apr. 30 | Corporate Travel Management Appoints CEO North America | MT |
| Apr. 30 | Corporate Travel Management Announces Management Changes, Effective 1 September 2024 | CI |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,441 | 1,056 | 2,932 | 2,689 | 2,618 | 1,924 | - | - |
| Enterprise Value (EV) 1 | 2,342 | 965.8 | 2,833 | 2,547 | 2,467 | 1,744 | 1,679 | 1,605 |
| P/E ratio | 28.4 x | -129 x | -50 x | 842 x | 33.8 x | 17 x | 14.1 x | 12.2 x |
| Yield | 1.78% | 1.81% | - | 0.27% | 1.23% | 2.98% | 3.78% | 4.33% |
| Capitalization / Revenue | 5.43 x | 3.02 x | 14.6 x | 7.13 x | 4.01 x | 2.57 x | 2.35 x | 2.19 x |
| EV / Revenue | 5.21 x | 2.76 x | 14.1 x | 6.75 x | 3.78 x | 2.33 x | 2.05 x | 1.82 x |
| EV / EBITDA | 15.6 x | 13 x | -391 x | 42.6 x | 14.8 x | 8.05 x | 6.75 x | 5.78 x |
| EV / FCF | 22 x | 16.9 x | -37.4 x | 53.1 x | 56.7 x | 10.2 x | 11.7 x | 9.39 x |
| FCF Yield | 4.55% | 5.9% | -2.67% | 1.88% | 1.76% | 9.83% | 8.56% | 10.6% |
| Price to Book | 4.29 x | 1.96 x | 3.51 x | 2.52 x | 1.65 x | 1.6 x | 1.52 x | 1.43 x |
| Nbr of stocks (in thousands) | 108,492 | 109,001 | 136,426 | 145,211 | 146,326 | 144,676 | - | - |
| Reference price 2 | 22.50 | 9.690 | 21.49 | 18.52 | 17.89 | 13.30 | 13.30 | 13.30 |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/22/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 449.5 | 349.9 | 200.5 | 377.4 | 653.4 | 747.5 | 819.3 | 880.2 |
| EBITDA 1 | 150.1 | 74.4 | -7.249 | 59.8 | 167.1 | 216.7 | 248.9 | 277.5 |
| EBIT 1 | 129.7 | 22.52 | -48.56 | 15.38 | 126.4 | 165.2 | 193.3 | 219 |
| Operating Margin | 28.86% | 6.44% | -24.22% | 4.08% | 19.35% | 22.11% | 23.59% | 24.88% |
| Earnings before Tax (EBT) 1 | 120.9 | -11.75 | -75.6 | 1.533 | 104.4 | 164.3 | 192.1 | 224.6 |
| Net income 1 | 86.24 | -8.2 | -55.35 | 3.101 | 77.57 | 114.1 | 138.8 | 160.2 |
| Net margin | 19.19% | -2.34% | -27.61% | 0.82% | 11.87% | 15.26% | 16.94% | 18.2% |
| EPS 2 | 0.7930 | -0.0750 | -0.4300 | 0.0220 | 0.5290 | 0.7808 | 0.9449 | 1.087 |
| Free Cash Flow 1 | 106.6 | 57.02 | -75.7 | 47.95 | 43.5 | 171.5 | 143.7 | 170.9 |
| FCF margin | 23.71% | 16.3% | -37.77% | 12.71% | 6.66% | 22.94% | 17.53% | 19.42% |
| FCF Conversion (EBITDA) | 71% | 76.65% | - | 80.18% | 26.04% | 79.12% | 57.71% | 61.58% |
| FCF Conversion (Net income) | 123.58% | - | - | 1,546.31% | 56.08% | 150.32% | 103.49% | 106.67% |
| Dividend per Share 2 | 0.4000 | 0.1750 | - | 0.0500 | 0.2200 | 0.3964 | 0.5027 | 0.5760 |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/22/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 222.3 | 127.6 | 74.24 | - | - | - | 291.9 | 361.5 | 363.7 | 405.5 | - | - |
| EBITDA 1 | 68.52 | 5.875 | -15.67 | 8.417 | 18.2 | 41.61 | 51.26 | 115.8 | 100.7 | 119.8 | - | - |
| EBIT 1 | 49.18 | -27.93 | - | - | 0.61 | - | 31.36 | 95.08 | 79.01 | 92.53 | 142.4 | 38.79 |
| Operating Margin | 22.12% | -21.89% | - | - | - | - | 10.75% | 26.3% | 21.72% | 22.82% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 21.94 | - | 67.47 | - | - | - |
| Net income | - | - | - | - | - | - | 15.93 | - | 49.44 | - | - | - |
| Net margin | - | - | - | - | - | - | 5.46% | - | 13.59% | - | - | - |
| EPS | 0.3030 | - | -0.3010 | - | - | - | 0.1090 | 0.4200 | 0.3370 | - | - | - |
| Dividend per Share | 0.1800 | - | - | - | - | 0.0500 | 0.0600 | 0.1600 | 0.1700 | - | - | - |
| Announcement Date | 2/18/20 | 8/18/20 | 2/16/21 | 8/17/21 | 2/15/22 | 8/16/22 | 2/14/23 | 8/22/23 | 2/20/24 | - | - | - |
1AUD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 99.5 | 90.4 | 99 | 142 | 151 | 180 | 245 | 319 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 107 | 57 | -75.7 | 48 | 43.5 | 171 | 144 | 171 |
| ROE (net income / shareholders' equity) | 18.9% | 5.78% | -4.7% | 0.94% | 7.11% | 10.6% | 11.4% | 12.4% |
| ROA (Net income/ Total Assets) | 10.7% | 3.62% | -3.4% | 0.81% | 6.03% | 6.88% | 7.7% | 8.39% |
| Assets 1 | 805.1 | -226.4 | 1,627 | 383.9 | 1,287 | 1,658 | 1,802 | 1,910 |
| Book Value Per Share 2 | 5.240 | 4.940 | 6.130 | 7.360 | 10.90 | 8.330 | 8.780 | 9.310 |
| Cash Flow per Share 2 | 1.230 | 0.7300 | -0.4700 | 0.5300 | 0.5500 | 1.410 | 1.300 | 1.430 |
| Capex 1 | 26.9 | 22.2 | 15.3 | 26 | 36.8 | 42.9 | 45.8 | 50.7 |
| Capex / Sales | 5.99% | 6.35% | 7.66% | 6.88% | 5.63% | 5.75% | 5.59% | 5.76% |
| Announcement Date | 8/20/19 | 8/18/20 | 8/17/21 | 8/16/22 | 8/22/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
13.3
AUD
Average target price
18.19
AUD
Spread / Average Target
+36.74%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -31.54% | 1.28B | |
| +6.46% | 128B | |
| +43.07% | 33.31B | |
| -25.65% | 14.95B | |
| +60.90% | 8.24B | |
| +23.55% | 5.2B | |
| -6.83% | 2.75B | |
| -14.77% | 2.56B | |
| +20.44% | 2.29B | |
| +2.42% | 1.86B |
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