Corporate Travel Management Limited

ASX:CTD Stock Report

Market Cap: AU$2.0b

Corporate Travel Management Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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$13.73) is trading below our estimate of fair value (A$25.61)

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?

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/Revenue2.6x
Enterprise Value/EBITDA12.2x
PEG Ratio1.4x

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 Average50.2x
WEB Webjet
49.6x20.3%AU$3.6b
FLT Flight Centre Travel Group
31.4x18.8%AU$4.8b
HLO Helloworld Travel
11.5x12.9%AU$389.6m
EBG Eumundi Group
108.1xn/aAU$56.9m
CTD Corporate Travel Management
17.9x12.4%AU$2.0b

Price-To-Earnings vs Peers: CTD is good value based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (50.2x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: CTD is good value based on its Price-To-Earnings Ratio (17.9x) compared to the Oceanic Hospitality industry average (20.5x).


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 Ratio17.9x
Fair PE Ratio25.7x

Price-To-Earnings vs Fair Ratio: CTD is good value based on its Price-To-Earnings Ratio (17.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.7x).


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$13.73
AU$17.88
+30.2%
9.2%AU$20.65AU$14.91n/a19
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$18.73
+17.2%
9.5%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$17.50n/a19
Nov ’24AU$16.51
AU$21.94
+32.9%
11.7%AU$29.00AU$17.50n/a18
Oct ’24AU$16.85
AU$22.07
+31.0%
11.0%AU$29.00AU$17.50n/a18
Sep ’24AU$18.63
AU$21.79
+17.0%
12.6%AU$29.00AU$16.50n/a18
Aug ’24AU$20.97
AU$22.66
+8.1%
12.6%AU$28.60AU$16.50n/a18
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
Nov ’23AU$17.93
AU$23.15
+29.1%
13.9%AU$27.50AU$16.50AU$16.5114
Oct ’23AU$16.74
AU$23.81
+42.2%
13.6%AU$29.00AU$16.50AU$16.8513
Sep ’23AU$19.13
AU$23.81
+24.4%
13.6%AU$29.00AU$16.50AU$18.6313
Aug ’23AU$18.31
AU$23.98
+31.0%
13.6%AU$29.00AU$18.00AU$20.9713
Jul ’23AU$18.84
AU$25.60
+35.9%
11.8%AU$29.25AU$18.00AU$17.8911

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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