Corporate Travel Management Limited

ASX:CTD Stock Report

Mkt Cap: AU$2.7b

We’ve recently updated our valuation analysis.

Corporate Travel Management Valuation

Is CTD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CTD?

Other financial metrics that can be useful for relative valuation.

CTD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.9x
Enterprise Value/EBITDA243.5x
PEG Ratio26.3x

Price to Sales Ratio vs Peers

How does CTD's PS Ratio compare to its peers?

The above table shows the PS ratio for CTD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5x
WEB Webjet
10.1x14.3%AU$2.6b
FLT Flight Centre Travel Group
3.7x20.2%AU$3.7b
ENN Elanor Investors Group
1.8x-22.9%AU$201.5m
HLO Helloworld Travel
4.7x28.2%AU$296.9m
CTD Corporate Travel Management
7.2x18.1%AU$2.7b

Price-To-Sales vs Peers: CTD is expensive based on its Price-To-Sales Ratio (7.2x) compared to the peer average (5.1x).


Price to Earnings Ratio vs Industry

How does CTD's PE Ratio compare vs other companies in the AU Hospitality Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.2%
n/an/an/a

Price-To-Sales vs Industry: CTD is expensive based on its Price-To-Sales Ratio (7.2x) compared to the Australian Hospitality industry average (2.3x)


Price to Sales Ratio vs Fair Ratio

What is CTD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CTD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.1x
Fair PS Ratio3.5x

Price-To-Sales vs Fair Ratio: CTD is expensive based on its Price-To-Sales Ratio (7.2x) compared to the estimated Fair Price-To-Sales Ratio (3.5x).


Share Price vs Fair Value

What is the Fair Price of CTD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CTD (A$18.61) is trading below our estimate of fair value (A$21.21)

Significantly Below Fair Value: CTD is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CTD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$18.32
AU$22.43
+22.4%
15.9%AU$27.50AU$16.50n/a14
Jan ’24AU$14.73
AU$22.71
+54.1%
15.4%AU$27.50AU$16.50n/a14
Dec ’23AU$16.40
AU$23.15
+41.1%
13.9%AU$27.50AU$16.50n/a14
Nov ’23AU$17.93
AU$23.15
+29.1%
13.9%AU$27.50AU$16.50n/a14
Oct ’23AU$16.74
AU$23.81
+42.2%
13.6%AU$29.00AU$16.50n/a13
Sep ’23AU$19.13
AU$23.81
+24.4%
13.6%AU$29.00AU$16.50n/a13
Aug ’23AU$18.31
AU$23.98
+31.0%
13.6%AU$29.00AU$18.00n/a13
Jul ’23AU$18.84
AU$25.60
+35.9%
11.8%AU$29.25AU$18.00n/a11
Jun ’23AU$22.09
AU$25.82
+16.9%
12.0%AU$30.00AU$18.00n/a11
May ’23AU$26.25
AU$26.23
-0.09%
12.2%AU$30.00AU$18.00n/a11
Apr ’23AU$23.72
AU$26.04
+9.8%
11.6%AU$29.25AU$18.00n/a11
Mar ’23AU$22.33
AU$25.85
+15.7%
11.9%AU$29.25AU$18.00n/a11
Feb ’23AU$21.31
AU$24.92
+17.0%
11.6%AU$29.00AU$18.25AU$18.3211
Jan ’23AU$22.01
AU$24.29
+10.4%
10.1%AU$27.75AU$18.25AU$14.7312
Dec ’22AU$21.56
AU$23.33
+8.2%
13.9%AU$27.78AU$15.00AU$16.4012
Nov ’22AU$24.77
AU$23.45
-5.3%
14.3%AU$27.78AU$15.00AU$17.9311
Oct ’22AU$24.36
AU$22.72
-6.7%
12.4%AU$26.06AU$15.00AU$16.7411
Sep ’22AU$22.60
AU$22.37
-1.0%
12.6%AU$26.06AU$15.00AU$19.1311
Aug ’22AU$21.72
AU$20.82
-4.1%
13.0%AU$24.00AU$13.30AU$18.3111
Jul ’22AU$21.17
AU$20.64
-2.5%
12.4%AU$23.65AU$13.30AU$18.8411
Jun ’22AU$20.71
AU$20.50
-1.0%
14.4%AU$23.65AU$11.75AU$22.0911
May ’22AU$18.51
AU$20.12
+8.7%
14.5%AU$22.00AU$11.75AU$26.2510
Apr ’22AU$19.50
AU$20.12
+3.2%
14.8%AU$22.00AU$11.75AU$23.7210
Mar ’22AU$20.00
AU$20.12
+0.6%
14.8%AU$22.00AU$11.75AU$22.3310
Feb ’22AU$16.62
AU$19.12
+15.1%
16.5%AU$22.00AU$11.00AU$21.3110

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies