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Corporate Travel Management

OTCPK:CTML.F
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTML.F
OTCPK
A$2B
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Corporate Travel Management Limited, a travel management solutions company, manages the purchase and delivery of travel services for the corporate market worldwide. The last earnings update was 149 days ago. More info.


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CTML.F Share Price and Events
7 Day Returns
0%
OTCPK:CTML.F
1.9%
US Hospitality
0.6%
US Market
1 Year Returns
-
OTCPK:CTML.F
-3.5%
US Hospitality
4.1%
US Market
CTML.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corporate Travel Management (CTML.F) 0% -8.2% - - - 148.6%
US Hospitality 1.9% 3.8% -0.6% -3.5% 46.7% 25.2%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • No trading data on CTML.F.
  • No trading data on CTML.F.
Price Volatility
CTML.F
Industry
5yr Volatility vs Market

CTML.F Value

 Is Corporate Travel Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Corporate Travel Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Corporate Travel Management.

OTCPK:CTML.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:CTML.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.928 (1 + (1- 30%) (2.58%))
0.963
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.963 * 5.96%)
8.47%

Discounted Cash Flow Calculation for OTCPK:CTML.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Corporate Travel Management is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:CTML.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.47%)
2020 120.80 Analyst x2 111.37
2021 139.50 Analyst x2 118.56
2022 154.68 Est @ 10.88% 121.20
2023 167.73 Est @ 8.44% 121.16
2024 179.01 Est @ 6.73% 119.21
2025 188.91 Est @ 5.53% 115.98
2026 197.76 Est @ 4.69% 111.93
2027 205.87 Est @ 4.1% 107.42
2028 213.47 Est @ 3.69% 102.69
2029 220.73 Est @ 3.4% 97.89
Present value of next 10 years cash flows A$1,127.40
OTCPK:CTML.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$220.73 × (1 + 2.73%) ÷ (8.47% – 2.73%)
A$3,949.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$3,949.76 ÷ (1 + 8.47%)10
A$1,751.61
OTCPK:CTML.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1,127.40 + A$1,751.61
A$2,879.01
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$2,879.01 / 108.49
A$26.54
OTCPK:CTML.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CTML.F represents 0.69379x of ASX:CTD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.69379x
Value per Share
(Listing Adjusted, USD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 26.54 x 0.69379
$18.41
Value per share (USD) From above. $18.41
Current discount Discount to share price of $15.09
= -1 x ($15.09 - $18.41) / $18.41
18%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Corporate Travel Management is available for.
Intrinsic value
18%
Share price is $15.09 vs Future cash flow value of $18.41
Current Discount Checks
For Corporate Travel Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Corporate Travel Management's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Corporate Travel Management's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Corporate Travel Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corporate Travel Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CTML.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.79
ASX:CTD Share Price ** ASX (2019-07-10) in AUD A$21.75
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 22.66x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Corporate Travel Management.

OTCPK:CTML.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CTD Share Price ÷ EPS (both in AUD)

= 21.75 ÷ 0.79

27.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporate Travel Management is overvalued based on earnings compared to the US Hospitality industry average.
  • Corporate Travel Management is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Corporate Travel Management's expected growth come at a high price?
Raw Data
OTCPK:CTML.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
18.9%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 55 Publicly-Listed Hospitality Companies 1.98x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

OTCPK:CTML.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.38x ÷ 18.9%

1.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporate Travel Management is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Corporate Travel Management's assets?
Raw Data
OTCPK:CTML.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$4.94
ASX:CTD Share Price * ASX (2019-07-10) in AUD A$21.75
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.24x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
OTCPK:CTML.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CTD Share Price ÷ Book Value per Share (both in AUD)

= 21.75 ÷ 4.94

4.4x

* Primary Listing of Corporate Travel Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporate Travel Management is overvalued based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Corporate Travel Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Corporate Travel Management has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CTML.F Future Performance

 How is Corporate Travel Management expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corporate Travel Management expected to grow at an attractive rate?
  • Corporate Travel Management's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Corporate Travel Management's earnings growth is expected to exceed the United States of America market average.
  • Corporate Travel Management's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CTML.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CTML.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 18.9%
OTCPK:CTML.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 10.2%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:CTML.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CTML.F Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 646 1
2022-06-30 608 1
2021-06-30 578 160 138 8
2020-06-30 520 141 119 8
2019-06-30 456 122 97 8
OTCPK:CTML.F Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 412 83 85
2018-09-30 392 89 81
2018-06-30 372 94 77
2018-03-31 360 73 70
2017-12-31 348 53 63
2017-09-30 337 61 59
2017-06-30 326 69 55
2017-03-31 311 70 51
2016-12-31 296 70 47
2016-09-30 280 70 45
2016-06-30 265 70 42
2016-03-31 249 57 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Corporate Travel Management's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • Corporate Travel Management's revenue is expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:CTML.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Corporate Travel Management Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CTML.F Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 1.28 1.40 1.22 6.00
2020-06-30 1.10 1.21 1.06 6.00
2019-06-30 0.90 1.01 0.85 5.00
OTCPK:CTML.F Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.79
2018-09-30 0.76
2018-06-30 0.72
2018-03-31 0.66
2017-12-31 0.60
2017-09-30 0.57
2017-06-30 0.54
2017-03-31 0.51
2016-12-31 0.47
2016-09-30 0.45
2016-06-30 0.43
2016-03-31 0.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Corporate Travel Management is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Corporate Travel Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Corporate Travel Management has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CTML.F Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Corporate Travel Management's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Corporate Travel Management has delivered over 20% year on year earnings growth in the past 5 years.
  • Corporate Travel Management's 1-year earnings growth exceeds its 5-year average (34.8% vs 34.1%)
  • Corporate Travel Management's earnings growth has exceeded the US Hospitality industry average in the past year (34.8% vs -0.5%).
Earnings and Revenue History
Corporate Travel Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Corporate Travel Management Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CTML.F Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 411.69 84.97 70.89
2018-09-30 391.96 80.84 66.09
2018-06-30 372.24 76.71 61.29
2018-03-31 360.20 69.87 58.19
2017-12-31 348.16 63.03 55.09
2017-09-30 337.02 58.79 54.28
2017-06-30 325.87 54.56 53.47
2017-03-31 310.75 50.77 53.75
2016-12-31 295.62 46.98 54.02
2016-09-30 280.23 44.56 50.74
2016-06-30 264.84 42.13 47.46
2016-03-31 249.32 37.96 44.38
2015-12-31 233.81 33.78 41.30
2015-09-30 215.87 30.08 38.96
2015-06-30 197.93 26.37 36.62
2015-03-31 174.38 23.24 32.24
2014-12-31 150.84 20.11 27.85
2014-09-30 130.66 17.98 23.56
2014-06-30 110.48 15.85 19.27
2014-03-31 96.93 13.84 15.96
2013-12-31 83.38 11.84 12.64
2013-09-30 80.47 11.56 11.70
2013-06-30 77.56 11.27 10.77
2013-03-31 75.76 11.95 10.58
2012-12-31 73.67 12.18 10.39
2012-09-30 69.61 11.99 9.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Corporate Travel Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Corporate Travel Management used its assets more efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Corporate Travel Management has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Corporate Travel Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Corporate Travel Management has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CTML.F Health

 How is Corporate Travel Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Corporate Travel Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corporate Travel Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Corporate Travel Management's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Corporate Travel Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Corporate Travel Management Company Filings, last reported 6 months ago.

OTCPK:CTML.F Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 558.42 60.95 74.21
2018-09-30 558.42 60.95 74.21
2018-06-30 471.49 43.98 84.80
2018-03-31 471.49 43.98 84.80
2017-12-31 419.52 77.14 72.38
2017-09-30 419.52 77.14 72.38
2017-06-30 401.40 45.42 79.45
2017-03-31 401.40 45.42 79.45
2016-12-31 300.32 45.38 96.70
2016-09-30 300.32 45.38 96.70
2016-06-30 273.44 37.18 81.19
2016-03-31 273.44 37.18 81.19
2015-12-31 250.02 0.00 54.24
2015-09-30 250.02 0.00 54.24
2015-06-30 235.91 0.00 40.68
2015-03-31 235.91 0.00 40.68
2014-12-31 199.38 0.00 81.89
2014-09-30 199.38 0.00 81.89
2014-06-30 132.88 0.00 32.02
2014-03-31 132.88 0.00 32.02
2013-12-31 73.25 0.37 9.83
2013-09-30 73.25 0.37 9.83
2013-06-30 69.12 3.35 13.55
2013-03-31 72.99 3.35 13.55
2012-12-31 54.50 4.03 7.31
2012-09-30 54.50 4.03 7.31
  • Corporate Travel Management's level of debt (10.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.5% vs 10.9% today).
  • Debt is well covered by operating cash flow (135.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 42.3x coverage).
X
Financial health checks
We assess Corporate Travel Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Corporate Travel Management has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CTML.F Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.79%
Current annual income from Corporate Travel Management dividends. Estimated to be 2.61% next year.
If you bought $2,000 of Corporate Travel Management shares you are expected to receive $36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Corporate Travel Management's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Corporate Travel Management's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:CTML.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:CTML.F Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.72 1.00
2022-06-30 0.66 1.00
2021-06-30 0.60 8.00
2020-06-30 0.51 8.00
2019-06-30 0.43 8.00
OTCPK:CTML.F Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.390 1.604
2018-08-21 0.360 1.423
2017-08-21 0.300 1.284
2016-08-25 0.240 1.240
2016-02-25 0.190 1.332
2015-08-25 0.160 1.426
2015-02-24 0.135 1.205
2014-08-27 0.120 1.330
2013-08-28 0.105 1.849
2012-08-30 0.120 3.147
2012-02-22 0.060 2.801
2011-08-25 0.050 2.706

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Corporate Travel Management has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Corporate Travel Management only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Corporate Travel Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Corporate Travel Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Corporate Travel Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corporate Travel Management has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CTML.F Management

 What is the CEO of Corporate Travel Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jamie Pherous
COMPENSATION A$735,156
CEO Bio

Mr. Jamie 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 travel management companies. Mr. Pherous serves as the Managing Director and Global Chief Executive Officer of Corporate Travel Management limited. He was employed by Arthur Andersen, now Ernst & Young, as a Chartered Accountant, specialising in business services and financial consulting in Australia, Papua New Guinea and the United Arab Emirates. In recognition of the success of CTM as a Company, he has been a Finalist in the prestigious Ernst & Young Entrepreneur of the Year in 2004 and 2005 and CTM is a BRW Fast 100 growing company in Australia. He has been a regular speaker within the industry upon corporate travel innovations and technology and how to manage growth whilst focusing on quality delivery. He serves as an Executive Director of Corporate Travel Management Limited. He holds a Bachelor of Commerce degree and becoming a Chartered Accountant. He was also a major shareholder and co-founder of an online hotel booking engine, Quickbeds.com.au, which was sold to The Flight Centre Group in 2003 and is a Director of the Australian Federation of Travel Agents.

CEO Compensation
  • Jamie's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jamie's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Corporate Travel Management management team in years:

3.1
Average Tenure
  • The tenure for the Corporate Travel Management management team is about average.
Management Team

Jamie Pherous

TITLE
Global CEO
COMPENSATION
A$735K

Laura Ruffles

TITLE
Global COO & Executive Director
COMPENSATION
A$2M

Steve Fleming

TITLE
Chief Financial Officer of Europe
COMPENSATION
A$839K

Larry Lo

TITLE
Chief Executive Officer of Asia
COMPENSATION
A$813K
AGE
48

Chris Thelen

TITLE
Chief Executive Officer of North America
COMPENSATION
A$802K

Debbie Carling

TITLE
Chief Executive Officer of UK/Europe
COMPENSATION
A$553K
TENURE
3 yrs

Neale O’Connell

TITLE
Chief Financial Officer

Timmo Rol

TITLE
Chief Technology Officer of Australia & New Zealand
TENURE
0.5 yrs

Peter Wiseman

TITLE
General Manager of Sales
TENURE
6.5 yrs

Andrea Joseph

TITLE
Chief People Works Officer
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Corporate Travel Management board of directors in years:

5.4
Average Tenure
63
Average Age
  • The tenure for the Corporate Travel Management board of directors is about average.
Board of Directors

Ewen Graham Crouch

TITLE
Chairman
AGE
63
TENURE
0.3 yrs

Jamie Pherous

TITLE
Global CEO
COMPENSATION
A$735K

Laura Ruffles

TITLE
Global COO & Executive Director
COMPENSATION
A$2M
TENURE
3.6 yrs

Stephen Lonie

TITLE
Independent Non-Executive Director
COMPENSATION
A$118K
AGE
67
TENURE
9.1 yrs

Greg Moynihan

TITLE
Independent Non-Executive Director
COMPENSATION
A$118K
AGE
62
TENURE
9.1 yrs

Robert Natter

TITLE
Independent Non-Executive Director
COMPENSATION
A$132K
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Corporate Travel Management individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Jun 19 Buy Ewen Graham Crouch Individual 05. Jun 19 05. Jun 19 2,500 $15.38 $38,440
04. Jun 19 Buy Bennelong Australian Equity Partners Pty Ltd Company 23. Mar 19 03. Jun 19 1,142,340 $18.19 $20,782,100
29. May 19 Sell Realindex Investments Pty Limited Company 17. May 19 24. May 19 -4,328 $17.35 $-75,072
29. May 19 Buy Realindex Investments Pty Limited Company 21. Feb 19 20. May 19 27,067 $17.31 $468,621
29. May 19 Sell ASB Group Investments Ltd. Company 30. Apr 19 30. Apr 19 -5,707 $18.55 $-105,881
29. May 19 Buy ASB Group Investments Ltd. Company 06. May 19 06. May 19 3,529 $17.45 $61,594
29. May 19 Sell Colonial First State Asset Management (Australia) Limited Company 20. Feb 19 22. May 19 -188,238 $17.47 $-3,279,973
29. May 19 Buy Colonial First State Asset Management (Australia) Limited Company 19. Feb 19 27. May 19 1,214,575 $18.40 $22,147,064
29. May 19 Buy Commonwealth Bank of Australia Company 11. Mar 19 15. May 19 45,712 $16.98 $776,381
26. Mar 19 Buy Ewen Graham Crouch Individual 25. Mar 19 25. Mar 19 2,500 $17.34 $43,340
22. Mar 19 Buy Bennelong Australian Equity Partners Pty Ltd Company 22. Mar 19 22. Mar 19 1,335,429 $18.02 $24,059,311
13. Mar 19 Sell Anthony Bellas Individual 14. Feb 19 14. Feb 19 -180,836 $17.65 $-3,191,037
19. Feb 19 Buy Realindex Investments Pty Limited Company 19. Oct 18 15. Feb 19 36,843 $17.28 $636,565
19. Feb 19 Buy Commonwealth Bank of Australia Company 21. Dec 18 04. Feb 19 10,180 $16.08 $163,683
19. Feb 19 Buy Colonial First State Asset Management (Australia) Limited Company 23. Oct 18 18. Feb 19 3,169,284 $17.08 $53,715,242
02. Dec 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 13. Nov 18 27. Nov 18 -349,435 $16.50 $-5,621,556
02. Dec 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 13. Nov 18 27. Nov 18 325,411 $16.87 $5,226,766
30. Nov 18 Buy Jamie Pherous Individual 26. Nov 18 26. Nov 18 40,000 $16.33 $653,013
25. Nov 18 Buy Jamie Pherous Individual 20. Nov 18 20. Nov 18 30,000 $15.69 $470,829
14. Nov 18 Buy Jamie Pherous Individual 13. Nov 18 14. Nov 18 70,000 $16.10 $1,127,170
12. Nov 18 Buy Bennelong Australian Equity Partners Pty Ltd Company 11. Jul 18 09. Nov 18 2,212,610 $24.07 $53,248,139
09. Nov 18 Buy Robert Natter Individual 02. Nov 18 02. Nov 18 12,000 $16.18 $194,147
09. Nov 18 Buy Jamie Pherous Individual 09. Nov 18 09. Nov 18 115,000 $15.31 $1,760,521
X
Management checks
We assess Corporate Travel Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Corporate Travel Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CTML.F News

Simply Wall St News

CTML.F Company Info

Description

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.

Details
Name: Corporate Travel Management Limited
CTML.F
Exchange: OTCPK
Founded: 1994
A$1,654,188,482
108,491,948
Website: http://www.travelctm.com
Address: Corporate Travel Management Limited
307 Queen Street,
Level 24,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CTD Ordinary Shares Australian Securities Exchange AU AUD 15. Dec 2010
OTCPK CTML.F Ordinary Shares Pink Sheets LLC US USD 15. Dec 2010
DB 1C6 Ordinary Shares Deutsche Boerse AG DE EUR 15. Dec 2010
CHIA CTD Ordinary Shares Chi-X Australia AU AUD 15. Dec 2010
Number of employees
Current staff
Staff numbers
2,300
Corporate Travel Management employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 00:43
End of day share price update: 2019/07/10 00:00
Last estimates confirmation: 2019/06/24
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.