Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.15, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Hospitality industry in Europe. Total loss to shareholders of 15% over the past three years. Upcoming Dividend • Apr 09
Upcoming dividend of €0.016 per share Eligible shareholders must have bought the stock before 16 April 2026. Payment date: 12 May 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Irish dividend payers (4.7%). Lower than average of industry peers (3.1%). New Risk • Apr 01
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: €0.056 (vs €0.073 in FY 2024) Full year 2025 results: EPS: €0.056 (down from €0.073 in FY 2024). Revenue: €93.8m (up 2.0% from FY 2024). Net income: €7.00m (down 23% from FY 2024). Profit margin: 7.5% (down from 9.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Mar 27
Hostelworld Group plc, Annual General Meeting, May 06, 2026 Hostelworld Group plc, Annual General Meeting, May 06, 2026. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.39, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Hospitality industry in Europe. Total loss to shareholders of 19% over the past three years. Annonce • Mar 02
Hostelworld Group plc to Report First Half, 2026 Results on Jul 29, 2026 Hostelworld Group plc announced that they will report first half, 2026 results on Jul 29, 2026 New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Irish stocks, typically moving 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (3.6% average weekly change). Profit margins are more than 30% lower than last year (8.3% net profit margin). Annonce • Dec 16
Hostelworld Group plc to Report Fiscal Year 2025 Results on Mar 26, 2026 Hostelworld Group plc announced that they will report fiscal year 2025 results on Mar 26, 2026 Annonce • Sep 16
Hostelworld Group plc Announces Board and Committee Changes Hostelworld announces that Ulrik Bengtsson has now formally stepped down as non-executive Chair of Hostelworld, having announced his intention to leave on 20 March 2025. Carl G. Shepherd, Non-Executive Director, has assumed the role of Interim Chair while the Board continues with the process of recruiting a permanent Chair. Carl will also assume Ulrik's responsibilities as Chair of the Nomination Committee on an interim basis and will, in accordance with provision 24 of the UK Corporate Governance Code, step down as a member of the Hostelworld Audit Committee while he serves as Interim Chair. Eimear Moloney has been appointed as Interim Senior Independent Director while Carl serves as Interim Chair. Reported Earnings • Aug 01
First half 2025 earnings released: EPS: €0.009 (vs €0.02 in 1H 2024) First half 2025 results: EPS: €0.009 (down from €0.02 in 1H 2024). Revenue: €46.7m (flat on 1H 2024). Net income: €1.10m (down 56% from 1H 2024). Profit margin: 2.4% (down from 5.4% in 1H 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annonce • Jul 31
Hostelworld Group plc Declares an Interim Dividend in Respect of the Six Months Ended 30 June 2025, Payable on September 19 , 2025 Hostelworld Group plc declared an interim dividend of 0.82 cent per share in respect of the six months ended 30 June 2025 (six months ended 30 June 2024: €nil) payable on 19 September 2025 to shareholders on the register on the record date of 29 August 2025,(ex-dividend date - 28 August 2025). Annonce • Jul 10
Hostelworld Group plc Announces Reinstatement of Dividend Policy Hostelworld Group plc announced reinstatement of a progressive dividend policy of 20% - 40% of adjusted profit after tax. Annonce • Jun 20
Hostelworld Group plc (LSE:HSW) commences an Equity Buyback Plan for 12,498,978 shares, representing 10% of its issued share capital, under the authorization approved on May 7, 2025. RELX PLC (LSE:REL) commences share repurchases on June 19, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 7, 2025. As per the mandate, the company is authorized to repurchase up to 12,498,978 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is €0.01, being the nominal value and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be held as treasury shares or the company may re-sell them for cash, cancel them or use them for the purposes of its employee share schemes. The authority shall expire at the earlier of the conclusion of the next Annual General Meeting of the company or August 7, 2026. As of March 31, 2025, the company had 124,989,783 ordinary shares in issue and had no shares in treasury. Annonce • May 26
Hostelworld Group plc to Report Q2, 2025 Results on Jul 10, 2025 Hostelworld Group plc announced that they will report Q2, 2025 results on Jul 10, 2025 Recent Insider Transactions • May 12
CEO & Executive Director recently sold €501k worth of stock On the 9th of May, Gary Morrison sold around 382k shares on-market at roughly €1.31 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gary's only on-market trade for the last 12 months. Recent Insider Transactions • May 11
CEO & Executive Director recently sold €501k worth of stock On the 9th of May, Gary Morrison sold around 382k shares on-market at roughly €1.31 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gary's only on-market trade for the last 12 months. Annonce • Mar 21
Hostelworld Group plc, Annual General Meeting, May 07, 2025 Hostelworld Group plc, Annual General Meeting, May 07, 2025. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: €0.073 (vs €0.042 in FY 2023) Full year 2024 results: EPS: €0.073 (up from €0.042 in FY 2023). Revenue: €92.0m (down 1.4% from FY 2023). Net income: €9.10m (up 77% from FY 2023). Profit margin: 9.9% (up from 5.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Annonce • Mar 20
Hostelworld Group plc Announces Stepping Down of Ulrik Bengtsson as Chairman and Non-Executive Director Hostelworld announced that following his acceptance of an offer to become the full-time CEO of a large internationally based company at a later date in 2025, Ulrik Bengtsson has informed the Board of his decision to step down as Chairman and Non-Executive Director of Hostelworld. Ulrik will remain as Chairman and Non-Executive Director of the Board until 31 October 2025. The Board will immediately begin the recruitment process for a new Independent Non-Executive Chair to guide the Company on its next stage of ambitious growth, and a further update will be provided in due course. The Company acknowledges the compelling opportunity this new CEO role represents and thanks Ulrik for his valued and continuing contribution since joining the Board in May 2024. Annonce • Mar 13
Hostelworld Group plc to Report First Half, 2025 Results on Jul 30, 2025 Hostelworld Group plc announced that they will report first half, 2025 results on Jul 30, 2025 Annonce • Nov 15
Hostelworld Group plc to Report Q4, 2024 Results on Mar 20, 2025 Hostelworld Group plc announced that they will report Q4, 2024 results at 8:00 AM, GMT Standard Time on Mar 20, 2025 Reported Earnings • Aug 13
First half 2024 earnings released: EPS: €0.02 (vs €0.062 loss in 1H 2023) First half 2024 results: EPS: €0.02 (up from €0.062 loss in 1H 2023). Revenue: €46.4m (up 1.3% from 1H 2023). Net income: €2.52m (up €10.0m from 1H 2023). Profit margin: 5.4% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 139% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.8% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: €0.042 (vs €0.15 loss in FY 2022) Full year 2023 results: EPS: €0.042 (up from €0.15 loss in FY 2022). Revenue: €93.3m (up 34% from FY 2022). Net income: €5.14m (up €22.4m from FY 2022). Profit margin: 5.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Annonce • Feb 07
Hostelworld Group plc, Annual General Meeting, May 14, 2024 Hostelworld Group plc, Annual General Meeting, May 14, 2024. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. CFO & Executive Director Caroline Sherry was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
First half 2023 earnings released: €0.062 loss per share (vs €0.12 loss in 1H 2022) First half 2023 results: €0.062 loss per share (improved from €0.12 loss in 1H 2022). Revenue: €45.8m (up 64% from 1H 2022). Net loss: €7.50m (loss narrowed 48% from 1H 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 02
CEO & Executive Director recently sold €478k worth of stock On the 31st of May, Gary Morrison sold around 340k shares on-market at roughly €1.40 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gary has been a net seller over the last 12 months, reducing personal holdings by €656k. Breakeven Date Change • May 23
Forecast breakeven date moved forward to 2023 The 6 analysts covering Hostelworld Group previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €4.26m in 2023. Earnings growth of 73% is required to achieve expected profit on schedule. Annonce • May 10
Hostelworld Group plc Provides Earnings Guidance for the Year 2023 Hostelworld Group plc provided earnings guidance for the year 2023. For the year 2023, the company expects bookings and revenue to grow by 30% over 2022. Buying Opportunity • Apr 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be €1.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. Buying Opportunity • Apr 04
Now 20% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €1.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. Reported Earnings • Mar 23
Full year 2022 earnings released: €0.15 loss per share (vs €0.31 loss in FY 2021) Full year 2022 results: €0.15 loss per share (improved from €0.31 loss in FY 2021). Revenue: €69.7m (up 312% from FY 2021). Net loss: €17.3m (loss narrowed 52% from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 04
CEO & Executive Director recently sold €178k worth of stock On the 28th of February, Gary Morrison sold around 112k shares on-market at roughly €1.59 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gary's only on-market trade for the last 12 months. Buying Opportunity • Jan 28
Now 25% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be €1.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 55% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 67% per annum over the same time period. Annonce • Jan 10
Hostelworld Group plc to Report Fiscal Year 2022 Results on Mar 22, 2023 Hostelworld Group plc announced that they will report fiscal year 2022 results on Mar 22, 2023 Buying Opportunity • Aug 11
Now 18% undervalued Over the last 90 days, the stock is up 5.0%. The fair value is estimated to be €1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 55% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 11
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €20.4m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 74%, compared to a 28% growth forecast for the industry in Ireland. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jul 01
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €1.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 64% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 01
Full year 2021 earnings released: €0.31 loss per share (vs €0.46 loss in FY 2020) Full year 2021 results: €0.31 loss per share (up from €0.46 loss in FY 2020). Revenue: €16.9m (up 10.0% from FY 2020). Net loss: €36.0m (loss narrowed 26% from FY 2020). Over the next year, revenue is forecast to grow 180%, compared to a 39% growth forecast for the retail industry in Ireland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 03
CEO & Executive Director recently sold €103k worth of stock On the 1st of March, Gary Morrison sold around 114k shares on-market at roughly €0.90 per share. This was the largest sale by an insider in the last 3 months. This was Gary's only on-market trade for the last 12 months. Reported Earnings • Aug 13
First half 2021 earnings released: €0.17 loss per share (vs €0.19 loss in 1H 2020) First half 2021 results: Net loss: €20.4m (loss widened 13% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 18
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €15.4m (down 81% from FY 2019). Net loss: €48.9m (down €57.3m from profit in FY 2019). Is New 90 Day High Low • Feb 24
New 90-day high: €1.05 The company is up 6.0% from its price of €0.99 on 25 November 2020. The Irish market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.026 per share. 
