Corporate Travel Management Limited

ASX:CTD Stock Report

Market Cap: AU$1.8b

Corporate Travel Management Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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$12.98) is trading below our estimate of fair value (A$24.25)

Significantly Below Fair Value: CTD is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As CTD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CTD. This is calculated by dividing CTD's market cap by their current earnings.
What is CTD's PE Ratio?
PE Ratio21.8x
EarningsAU$84.45m
Market CapAU$1.84b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CTD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.7x
WEB Web Travel Group
23.9x18.7%AU$1.8b
FLT Flight Centre Travel Group
25.7x19.0%AU$3.6b
HLO Helloworld Travel
10x9.0%AU$306.9m
EBG Eumundi Group
23.4xn/aAU$84.6m
CTD Corporate Travel Management
21.8x12.1%AU$1.8b

Price-To-Earnings vs Peers: CTD is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (20.7x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CTD 21.8xIndustry Avg. 20.3xNo. of Companies3PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CTD is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the Global Hospitality industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

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

CTD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.8x
Fair PE Ratio24.2x

Price-To-Earnings vs Fair Ratio: CTD is good value based on its Price-To-Earnings Ratio (21.8x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).

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$12.98
AU$13.87
+6.9%
9.3%AU$16.40AU$12.10n/a17
Dec ’25AU$14.34
AU$13.87
-3.3%
9.3%AU$16.40AU$12.10n/a17
Nov ’25AU$11.80
AU$13.98
+18.4%
9.4%AU$16.40AU$12.10n/a18
Oct ’25AU$12.97
AU$14.14
+9.1%
10.4%AU$17.00AU$12.10n/a17
Sep ’25AU$11.77
AU$14.46
+22.9%
13.4%AU$19.86AU$12.10n/a18
Aug ’25AU$13.68
AU$17.54
+28.2%
11.2%AU$20.65AU$13.16n/a18
Jul ’25AU$13.45
AU$18.00
+33.8%
9.3%AU$20.65AU$14.91n/a19
Jun ’25AU$13.30
AU$18.19
+36.7%
9.8%AU$21.80AU$14.91n/a19
May ’25AU$15.04
AU$18.58
+23.6%
8.8%AU$21.80AU$15.25n/a19
Apr ’25AU$16.99
AU$18.59
+9.4%
8.7%AU$21.80AU$15.25n/a20
Mar ’25AU$15.99
AU$18.76
+17.3%
9.4%AU$21.80AU$15.25n/a20
Feb ’25AU$20.25
AU$22.08
+9.0%
11.6%AU$29.00AU$17.50n/a18
Jan ’25AU$19.56
AU$22.02
+12.6%
11.4%AU$29.00AU$17.50n/a18
Dec ’24AU$18.20
AU$21.89
+20.3%
11.4%AU$29.00AU$17.50AU$14.3419
Nov ’24AU$16.51
AU$21.94
+32.9%
11.7%AU$29.00AU$17.50AU$11.8018
Oct ’24AU$16.85
AU$22.07
+31.0%
11.0%AU$29.00AU$17.50AU$12.9718
Sep ’24AU$18.63
AU$21.79
+17.0%
12.6%AU$29.00AU$16.50AU$11.7718
Aug ’24AU$20.97
AU$22.66
+8.1%
12.6%AU$28.60AU$16.50AU$13.6818
Jul ’24AU$17.89
AU$22.19
+24.0%
13.7%AU$28.60AU$16.50AU$13.4517
Jun ’24AU$20.72
AU$22.19
+7.1%
13.7%AU$28.60AU$16.50AU$13.3017
May ’24AU$21.00
AU$21.98
+4.7%
14.7%AU$28.60AU$16.50AU$15.0416
Apr ’24AU$18.07
AU$20.65
+14.3%
16.3%AU$28.00AU$16.50AU$16.9915
Mar ’24AU$17.94
AU$20.65
+15.1%
16.3%AU$28.00AU$16.50AU$15.9915
Feb ’24AU$18.32
AU$22.43
+22.4%
15.9%AU$27.50AU$16.50AU$20.2514
Jan ’24AU$14.73
AU$22.71
+54.1%
15.4%AU$27.50AU$16.50AU$19.5614
Dec ’23AU$16.40
AU$23.15
+41.1%
13.9%AU$27.50AU$16.50AU$18.2014

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 05:23
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Corporate Travel Management Limited is covered by 28 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Russell WrightBarclay Pearce Capital Pty Limited
Matthew RyanBarrenjoey Markets Pty Limited