ASX:CTD

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Corporate Travel Management

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with high growth potential.

Share Price & News

How has Corporate Travel Management's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CTD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.4%

CTD

-4.9%

AU Hospitality

-3.5%

AU Market


1 Year Return

-14.1%

CTD

-18.4%

AU Hospitality

-9.2%

AU Market

Return vs Industry: CTD exceeded the Australian Hospitality industry which returned -17.4% over the past year.

Return vs Market: CTD underperformed the Australian Market which returned -8.3% over the past year.


Shareholder returns

CTDIndustryMarket
7 Day-14.4%-4.9%-3.5%
30 Day-6.3%-2.2%0.5%
90 Day73.5%12.6%2.3%
1 Year-14.1%-14.1%-15.5%-18.4%-6.0%-9.2%
3 Year-33.4%-35.5%-5.4%-14.7%12.4%-1.8%
5 Year40.8%31.7%31.7%8.4%39.6%10.8%

Price Volatility Vs. Market

How volatile is Corporate Travel Management's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

3.06x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CTD (A$15.15) is trading above our estimate of fair value (A$9.37)

Significantly Below Fair Value: CTD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CTD is unprofitable, so we can't compare its PE Ratio to the AU 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 is overvalued based on its PB Ratio (3.1x) compared to the AU Hospitality industry average (1.7x).


Next Steps

Future Growth

How is Corporate Travel Management forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

59.6%

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 (2.3%).

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 (21.8% per year) is forecast to grow faster than the Australian market (4.6% per year).

High Growth Revenue: CTD's revenue (21.8% 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 (14.5%).


Next Steps

Past Performance

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

10.8%

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, but has reduced losses over the past 5 years at a rate of 10.8% 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 (-2.1%).


Return on Equity

High ROE: CTD has a negative Return on Equity (-1.9%), as it is currently unprofitable.


Next Steps

Financial Health

How is Corporate Travel Management's financial position?


Financial Position Analysis

Short Term Liabilities: CTD's short term assets (A$173.8M) exceed its short term liabilities (A$143.0M).

Long Term Liabilities: CTD's short term assets (A$173.8M) exceed its long term liabilities (A$62.4M).


Debt to Equity History and Analysis

Debt Level: CTD is debt free.

Reducing Debt: CTD had no debt 5 years ago.

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


Next Steps

Dividend

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

1.54%

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?

2.3yrs

Average management tenure


CEO

Jamie Pherous

no data

Tenure

AU$436,010

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 ($USD307.98K) is below average for companies of similar size in the Australian market ($USD1.41M).

Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jamie Pherous
MD & Executive Directorno dataAU$436.01k16.22%
A$ 332.3m
Neale O'Connell
Global Chief Financial Officer1.25yrsAU$459.36k0.0080%
A$ 162.9k
Laura Ruffles
Global COO & Executive Director4.83yrsAU$634.75k0.19%
A$ 3.8m
Steve Fleming
Chief Financial Officer of Europe1.25yrsAU$492.89k0.066%
A$ 1.4m
Fai Lo
Chief Executive Officer of Asiano dataAU$519.57k0.13%
A$ 2.6m
Debbie Carling
Chief Executive Officer of UK/Europe4.25yrsAU$344.62k0.030%
A$ 618.1k
Greg McCarthy
Chief Executive Officer of Australia & New Zealand2.25yrsAU$317.85k0.076%
A$ 1.6m
Maureen Brady
Chief Executive Officer of North America0.50yrAU$440.16kno data
Anne Tucker
Global Chief Legal Officer & Company Secretary1.08yrsno datano data
Peter Wiseman
General Manager of Sales7.75yrsno datano data
Annabel Ausmus
Global Chief Marketing Officer3.42yrsno datano data
Andrea Joseph
Chief People Works Officer4.42yrsno datano data

2.3yrs

Average Tenure

Experienced Management: CTD's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jamie Pherous
MD & Executive Directorno dataAU$436.01k16.22%
A$ 332.3m
Laura Ruffles
Global COO & Executive Director4.83yrsAU$634.75k0.19%
A$ 3.8m
Jonathan Brett
Independent Non-Executive Director0.75yrAU$44.00k0.00098%
A$ 20.1k
Sophia Mitchell
Independent Non-Executive Director1.08yrsAU$104.25k0.022%
A$ 442.3k
Ewen Graham Crouch
Independent Chairman1.58yrsAU$222.28k0.0098%
A$ 200.0k

1.6yrs

Average Tenure

62yo

Average Age

Experienced Board: CTD's board of directors are not considered experienced ( 1.6 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: CTD 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 17.5%.


Top Shareholders

Company Information

Corporate Travel Management Limited's company bio, 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
  • Market Cap: AU$2.049b
  • Shares outstanding: 127.88m
  • Website: https://www.travelctm.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTDASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2010
1C6DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2010
CTDCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2010
CTML.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2010

Biography

Corporate Travel Management Limited, a travel management solutions company, manages the purchase and delivery of travel services for the corporate market worldwide. It operates in four segments: Travel Ser ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 10:31
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.