Travelzoo

DB:TXM1 Stock Report

Market Cap: €224.7m

Travelzoo Valuation

Is TXM1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 TXM1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TXM1 (€18.2) is trading below our estimate of fair value (€85.84)

Significantly Below Fair Value: TXM1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TXM1?

Key metric: As TXM1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TXM1. This is calculated by dividing TXM1's market cap by their current earnings.
What is TXM1's PE Ratio?
PE Ratio17.2x
EarningsUS$13.60m
Market CapUS$233.96m

Price to Earnings Ratio vs Peers

How does TXM1's PE Ratio compare to its peers?

The above table shows the PE ratio for TXM1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.1x
NWO New Work
30.7x32.3%€367.6m
YOC YOC
14.3x20.1%€53.9m
G24 Scout24
35.3x14.8%€6.2b
BST Bastei Lübbe
12.2x0.1%€130.0m
TXM1 Travelzoo
17.2x34.7%€234.0m

Price-To-Earnings vs Peers: TXM1 is good value based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

How does TXM1's PE Ratio compare vs other companies in the European Interactive Media and Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TXM1 17.2xIndustry Avg. 16.3xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TXM1 is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the European Interactive Media and Services industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is TXM1'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.

TXM1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.2x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: TXM1 is good value based on its Price-To-Earnings Ratio (17.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

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 TXM1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.20
€21.82
+19.9%
30.8%€32.85€15.96n/a4
Nov ’25€15.60
€20.32
+30.3%
34.2%€32.33€15.70n/a4
Oct ’25€10.80
€18.72
+73.4%
41.4%€31.58€10.83n/a4
Sep ’25€10.80
€14.52
+34.4%
17.7%€16.33€10.89n/a3
Aug ’25€9.35
€14.43
+54.3%
16.8%€16.58€11.05n/a3
Jul ’25€7.00
€12.99
+85.6%
15.4%€15.78€11.14n/a3
Jun ’25€7.05
€12.99
+84.3%
15.4%€15.78€11.14n/a3
May ’25€7.75
€13.70
+76.8%
21.1%€17.75€11.21n/a3
Apr ’25€9.75
€14.02
+43.8%
17.1%€17.37€11.89n/a3
Mar ’25€8.30
€13.88
+67.2%
14.4%€16.65€12.03n/a3
Feb ’25€7.80
€12.87
+65.0%
24.1%€16.95€9.42n/a3
Jan ’25€8.65
€12.87
+48.8%
24.1%€16.95€9.42n/a3
Dec ’24€9.25
€12.87
+39.1%
24.1%€16.95€9.42n/a3
Nov ’24€6.55
€12.76
+94.8%
21.3%€17.01€9.45€15.604
Oct ’24€5.65
€12.09
+114.0%
18.8%€15.51€9.12€10.804
Sep ’24€6.75
€12.09
+79.1%
18.8%€15.51€9.12€10.804
Aug ’24€7.45
€12.29
+65.0%
21.3%€16.39€9.11€9.354
Jul ’24€7.45
€12.29
+65.0%
21.3%€16.39€9.11€7.004
Jun ’24€8.25
€12.29
+49.0%
21.3%€16.39€9.11€7.054
May ’24€6.80
€12.02
+76.8%
18.8%€15.43€9.08€7.754
Apr ’24€5.10
€12.39
+143.0%
21.5%€15.80€9.29€9.753
Mar ’24€4.66
€12.26
+163.1%
22.6%€15.48€8.71€8.303
Feb ’24€4.86
€12.26
+152.2%
22.6%€15.48€8.71€7.803
Jan ’24€4.10
€12.26
+199.0%
22.6%€15.48€8.71€8.653
Dec ’23€5.20
€12.26
+135.7%
22.6%€15.48€8.71€9.253
Nov ’23€5.25
€12.29
+134.1%
25.4%€17.06€9.03€6.554

Analyst Forecast: Target price is less than 20% higher than the current share price.

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