DB:1C6

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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.


Snowflake Analysis

Excellent balance sheet, good value and pays a dividend.

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: 1C6's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

11.5%

1C6

3.9%

DE Hospitality

3.5%

DE Market


1 Year Return

-53.7%

1C6

-34.8%

DE Hospitality

3.0%

DE Market

Return vs Industry: 1C6 underperformed the German Hospitality industry which returned -36.2% over the past year.

Return vs Market: 1C6 underperformed the German Market which returned 0.2% over the past year.


Shareholder returns

1C6IndustryMarket
7 Day11.5%3.9%3.5%
30 Day-22.2%-13.4%-0.08%
90 Day27.0%14.9%21.0%
1 Year-52.4%-53.7%-32.2%-34.8%5.2%3.0%
3 Year-56.8%-59.1%-47.1%-54.2%4.5%-4.0%
5 Yearn/a-47.6%-58.6%11.5%-3.2%

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

No news available

Valuation

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

13.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1C6 (€6.3) is trading above our estimate of fair value (€3)

Significantly Below Fair Value: 1C6 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1C6 is good value based on its PE Ratio (13.9x) compared to the Hospitality industry average (20.9x).

PE vs Market: 1C6 is good value based on its PE Ratio (13.9x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: 1C6 is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 1C6 is good value based on its PB Ratio (1.9x) compared to the DE Hospitality industry average (2x).


Next Steps

Future Growth

How is Corporate Travel Management forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

43.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1C6's forecast earnings growth (43.4% per year) is above the savings rate (0.2%).

Earnings vs Market: 1C6's earnings (43.4% per year) are forecast to grow faster than the German market (22.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1C6's revenue (7.8% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: 1C6's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1C6's Return on Equity is forecast to be low in 3 years time (10.4%).


Next Steps

Past Performance

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

25.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1C6 has high quality earnings.

Growing Profit Margin: 1C6's current net profit margins (17.5%) are lower than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: 1C6's earnings have grown significantly by 25.7% per year over the past 5 years.

Accelerating Growth: 1C6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1C6 had negative earnings growth (-5.5%) over the past year, making it difficult to compare to the Hospitality industry average (-15.6%).


Return on Equity

High ROE: 1C6's Return on Equity (13.8%) is considered low.


Next Steps

Financial Health

How is Corporate Travel Management's financial position?


Financial Position Analysis

Short Term Liabilities: 1C6's short term assets (A$364.8M) exceed its short term liabilities (A$249.4M).

Long Term Liabilities: 1C6's short term assets (A$364.8M) exceed its long term liabilities (A$89.7M).


Debt to Equity History and Analysis

Debt Level: 1C6's debt to equity ratio (3.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1C6's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1C6's debt is well covered by operating cash flow (580.2%).

Interest Coverage: 1C6's interest payments on its debt are well covered by EBIT (26.4x coverage).


Balance Sheet


Next Steps

Dividend

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

3.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1C6's dividend (3.88%) is higher than the bottom 25% of dividend payers in the German market (1.26%).

High Dividend: 1C6's dividend (3.88%) is in the top 25% of dividend payers in the German market (3.83%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 1C6 has been paying a dividend for less than 10 years.

Growing Dividend: 1C6's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.1%), 1C6's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1C6's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Jamie Pherous

no data

Tenure

AU$643,104

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 ($USD448.78K) is below average for companies of similar size in the German market ($USD1.43M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jamie Pherous
Founderno dataAU$643.10k19.03% A$132.0m
Laura Ruffles
Global COO & Executive Director4.58yrsAU$1.96m0.22% A$1.5m
Steve Fleming
Chief Financial Officer of Europe1yrAU$894.45k0.078% A$540.6k
Fai Lo
Chief Executive Officer of Asiano dataAU$946.83k0.13% A$886.1k
Debbie Carling
Chief Executive Officer of UK/Europe4yrsAU$724.88k0.025% A$170.3k
Greg McCarthy
Chief Executive Officer of Australia & New Zealand2yrsAU$612.89k0.079% A$544.8k
Neale O'Connell
Global Chief Financial Officer1yrno datano data
Anne Tucker
Global Chief Legal Officer & Company Secretary0.83yrno datano data
Peter Wiseman
General Manager of Sales7.5yrsno datano data
Annabel Ausmus
Global Chief Marketing Officer3.17yrsno datano data

2.0yrs

Average Tenure

Experienced Management: 1C6's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jamie Pherous
Founderno dataAU$643.10k19.03% A$132.0m
Laura Ruffles
Global COO & Executive Director4.58yrsAU$1.96m0.22% A$1.5m
Jonathan Brett
Independent Non-Executive Director0.50yrno data0.00092% A$6.4k
Sophia Mitchell
Independent Non-Executive Director0.83yrno data0.020% A$140.8k
Ewen Graham Crouch
Independent Chairman1.33yrsAU$64.14k0.0092% A$63.6k

1.3yrs

Average Tenure

62yo

Average Age

Experienced Board: 1C6's board of directors are not considered experienced ( 1.3 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 not been meaningfully diluted in the past year.


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: 1C6
  • Exchange: DB
  • Founded: 1994
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: AU$1.124b
  • Listing Market Cap: AU$693.493m
  • Shares outstanding: 109.00m
  • 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 Services Australia and New Zealand, Travel Services North America, Travel Services Asia, and Travel Services Europe. The company offers a range of corporate travel services, including cost reduction, client onboarding, return on investment, and technology services; sport travel services, such as corporate and VIP travel, group travel, and event management services; and event travel services. It also provides resource travel services comprising bulk upload, shift management, and expense management products, as well as behavior analysis, charter negotiation, risk alert, and emergency evacuation services; and leisure travel services. The company was founded in 1994 and is headquartered in Brisbane, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 21:41
End of Day Share Price2020/07/06 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.