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CTD

Corporate Travel ManagementASX:CTD Stock Report

Last Price

AU$20.17

Market Cap

AU$2.8b

7D

-7.5%

1Y

20.1%

Updated

22 Jan, 2022

Data

Company Financials +
CTD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CTD Stock Overview

Corporate Travel Management Limited, a travel management solutions company, manages the purchase and delivery of travel services for the corporate market.

Price History & Performance

Summary of all time highs, changes and price drops for Corporate Travel Management
Historical stock prices
Current Share PriceAU$20.17
52 Week HighAU$25.90
52 Week LowAU$16.30
Beta2.19
1 Month Change-6.23%
3 Month Change-17.10%
1 Year Change20.13%
3 Year Change-16.55%
5 Year Change16.05%
Change since IPO1,281.51%

Recent News & Updates

Dec 07
A Look At The Fair Value Of Corporate Travel Management Limited (ASX:CTD)

A Look At The Fair Value Of Corporate Travel Management Limited (ASX:CTD)

Today we will run through one way of estimating the intrinsic value of Corporate Travel Management Limited ( ASX:CTD...

Shareholder Returns

CTDAU HospitalityAU Market
7D-7.5%-3.6%-2.8%
1Y20.1%15.6%5.8%

Return vs Industry: CTD exceeded the Australian Hospitality industry which returned 15.6% over the past year.

Return vs Market: CTD exceeded the Australian Market which returned 5.8% over the past year.

Price Volatility

Is CTD's price volatile compared to industry and market?
CTD volatility
CTD Average Weekly Movement5.3%
Hospitality Industry Average Movement6.3%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: CTD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CTD's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/aJamie Pheroushttps://www.travelctm.com

Corporate Travel Management Limited, a travel management solutions company, manages the purchase and delivery of travel services for the corporate market. It operates through four segments: Australia and New Zealand, North America, Asia, and Europe. The company provides strategic account management, small business travel, and event travel management services; and resource travel management products, which include shift management tools, emergency evacuation solutions, charter negotiation, and expense solutions.

Corporate Travel Management Fundamentals Summary

How do Corporate Travel Management's earnings and revenue compare to its market cap?
CTD fundamental statistics
Market CapAU$2.83b
Earnings (TTM)-AU$54.17m
Revenue (TTM)AU$174.05m

16.3x

P/S Ratio

-52.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTD income statement (TTM)
RevenueAU$174.05m
Cost of RevenueAU$173.03m
Gross ProfitAU$1.02m
ExpensesAU$55.19m
Earnings-AU$54.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.39
Gross Margin0.58%
Net Profit Margin-31.13%
Debt/Equity Ratio0%

How did CTD perform over the long term?

See historical performance and comparison

Valuation

Is Corporate Travel Management undervalued compared to its fair value and its price relative to the market?

40.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CTD (A$20.17) is trading below our estimate of fair value (A$34.12)

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


Price To Earnings Ratio

PE vs Industry: CTD is unprofitable, so we can't compare its PE Ratio to the Australian Hospitality industry average.

PE vs Market: CTD is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CTD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CTD's PB Ratio (3.4x) is in line with the AU Hospitality industry average.


Future Growth

How is Corporate Travel Management forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

46.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: CTD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CTD's is expected to become profitable in the next 3 years.

Revenue vs Market: CTD's revenue (27.3% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: CTD's revenue (27.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTD's Return on Equity is forecast to be low in 3 years time (14.9%).


Past Performance

How has Corporate Travel Management performed over the past 5 years?

-33.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTD is currently unprofitable.

Growing Profit Margin: CTD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CTD is unprofitable, and losses have increased over the past 5 years at a rate of 33.4% per year.

Accelerating Growth: Unable to compare CTD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CTD is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-14.7%).


Return on Equity

High ROE: CTD has a negative Return on Equity (-6.65%), as it is currently unprofitable.


Financial Health

How is Corporate Travel Management's financial position?


Financial Position Analysis

Short Term Liabilities: CTD's short term assets (A$290.7M) exceed its short term liabilities (A$232.1M).

Long Term Liabilities: CTD's short term assets (A$290.7M) exceed its long term liabilities (A$52.2M).


Debt to Equity History and Analysis

Debt Level: CTD is debt free.

Reducing Debt: CTD has no debt compared to 5 years ago when its debt to equity ratio was 13.6%.

Debt Coverage: CTD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CTD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Corporate Travel Management current dividend yield, its reliability and sustainability?

1.99%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CTD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CTD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CTD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CTD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CTD is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CTD's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Jamie Pherous

no data

Tenure

AU$492,904

Compensation

Mr. Jamie Michael Pherous, BCom, CA, founded Corporate Travel Management Limited (CTM) in Brisbane in 1994 and has built its Group from its headquarters in Brisbane to become the one of the world’s largest...


CEO Compensation Analysis

Compensation vs Market: Jamie's total compensation ($USD355.14K) is below average for companies of similar size in the Australian market ($USD1.40M).

Compensation vs Earnings: Jamie's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CTD's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: CTD's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

Corporate Travel Management Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Corporate Travel Management Limited
  • Ticker: CTD
  • Exchange: ASX
  • Founded: 1994
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Implied Market Cap: AU$2.832b
  • Shares outstanding: 140.43m
  • Website: https://www.travelctm.com

Number of Employees


Location

  • Corporate Travel Management Limited
  • 307 Queen Street
  • Level 24
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:02
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.