Corporate Travel Management Limited

CHIA: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

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$14.35) 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 Ratio24.1x
EarningsAU$84.45m
Market CapAU$2.04b

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 Average22.1x
WEB Web Travel Group
27x16.7%AU$2.0b
FLT Flight Centre Travel Group
27.7x19.0%AU$3.9b
HLO Helloworld Travel
10.9x9.0%AU$333.8m
EBG Eumundi Group
22.7xn/aAU$82.1m
CTD Corporate Travel Management
24.1x12.2%AU$2.0b

Price-To-Earnings vs Peers: CTD is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the peer average (22.1x).

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 24.1xIndustry Avg. 20.2xNo. of Companies4PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CTD is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the Global Hospitality industry average (20.1x).

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 Ratio24.1x
Fair PE Ratio24.7x

Price-To-Earnings vs Fair Ratio: CTD is good value based on its Price-To-Earnings Ratio (24.1x) compared to the estimated Fair Price-To-Earnings Ratio (24.7x).

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$14.35
AU$13.87
-3.3%
9.3%AU$16.40AU$12.10n/a17
Nov ’25AU$11.82
AU$13.98
+18.2%
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$11.82
AU$14.46
+22.3%
13.4%AU$19.86AU$12.10n/a18
Aug ’25AU$13.72
AU$17.54
+27.8%
11.2%AU$20.65AU$13.16n/a18
Jul ’25AU$13.48
AU$18.00
+33.5%
9.3%AU$20.65AU$14.91n/a19
Jun ’25AU$13.32
AU$18.19
+36.5%
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$16.95
AU$18.59
+9.7%
8.7%AU$21.80AU$15.25n/a20
Mar ’25AU$16.00
AU$18.76
+17.2%
9.4%AU$21.80AU$15.25n/a20
Feb ’25AU$20.27
AU$22.08
+8.9%
11.6%AU$29.00AU$17.50n/a18
Jan ’25AU$19.53
AU$22.02
+12.7%
11.4%AU$29.00AU$17.50n/a18
Dec ’24AU$18.28
AU$21.89
+19.8%
11.4%AU$29.00AU$17.50AU$14.3519
Nov ’24AU$16.48
AU$21.94
+33.2%
11.7%AU$29.00AU$17.50AU$11.8218
Oct ’24AU$16.88
AU$22.07
+30.7%
11.0%AU$29.00AU$17.50AU$12.9718
Sep ’24AU$18.61
AU$21.79
+17.1%
12.6%AU$29.00AU$16.50AU$11.8218
Aug ’24AU$20.97
AU$22.66
+8.1%
12.6%AU$28.60AU$16.50AU$13.7218
Jul ’24AU$17.88
AU$22.19
+24.2%
13.7%AU$28.60AU$16.50AU$13.4817
Jun ’24AU$20.68
AU$22.19
+7.3%
13.7%AU$28.60AU$16.50AU$13.3217
May ’24AU$20.99
AU$21.98
+4.7%
14.7%AU$28.60AU$16.50AU$15.0416
Apr ’24AU$18.00
AU$20.65
+14.7%
16.3%AU$28.00AU$16.50AU$16.9515
Mar ’24AU$17.98
AU$20.65
+14.8%
16.3%AU$28.00AU$16.50AU$16.0015
Feb ’24AU$18.21
AU$22.43
+23.2%
15.9%AU$27.50AU$16.50AU$20.2714
Jan ’24AU$14.74
AU$22.71
+54.0%
15.4%AU$27.50AU$16.50AU$19.5314
Dec ’23AU$16.36
AU$23.15
+41.5%
13.9%AU$27.50AU$16.50AU$18.2814

Analyst Forecast: Target price is lower than the current share price.

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