NasdaqGS:TZOO

Stock Analysis Report

Executive Summary

Travelzoo provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America.

Snowflake

Fundamentals

Outstanding track record with flawless balance sheet.


Similar Companies

Share Price & News

How has Travelzoo's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.2%

TZOO

1.0%

US Interactive Media and Services

1.0%

US Market


1 Year Return

-3.3%

TZOO

9.4%

US Interactive Media and Services

6.7%

US Market

Return vs Industry: TZOO underperformed the US Interactive Media and Services industry which returned 9.4% over the past year.

Return vs Market: TZOO underperformed the US Market which returned 6.7% over the past year.


Share holder returns

TZOOIndustryMarket
7 Day4.2%1.0%1.0%
30 Day-11.7%-2.5%-1.8%
90 Day-27.2%-2.0%-1.8%
1 Year-3.3%-3.3%9.5%9.4%9.1%6.7%
3 Year-12.6%-12.6%43.8%43.8%46.1%36.6%
5 Year-17.0%-17.0%94.4%94.2%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: TZOO ($10.58) is trading below our estimate of fair value ($11.13)

Significantly Undervalued: TZOO is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: TZOO is good value based on its PE Ratio (20.8x) compared to the Interactive Media and Services industry average (25.7x).

PE vs Market: TZOO is poor value based on its PE Ratio (20.8x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: TZOO is poor value based on its PEG Ratio (1.5x)


Price Based on Value of Assets

PB vs Industry: TZOO is overvalued based on its PB Ratio (8.8x) compared to the US Interactive Media and Services industry average (3.1x).


Next Steps

Future Growth

How is Travelzoo expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: TZOO's forecast earnings growth (13.6% per year) is above the savings rate (2.7%).

Earnings vs Market: TZOO's earnings (13.6% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: TZOO's earnings are forecast to grow, but not significantly.

Revenue vs Market: TZOO's revenue (4.4% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: TZOO's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if TZOO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Travelzoo performed over the past 5 years?

-16.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TZOO has become profitable over the past 5 years, growing earnings by -16.5% per year.

Accelerating Growth: TZOO's earnings growth over the past year (99.2%) exceeds its 5-year average (-16.5% per year).

Earnings vs Industry: TZOO earnings growth over the past year (99.2%) exceeded the Interactive Media and Services industry 12.3%.


Return on Equity

High ROE: TZOO's Return on Equity (43.1%) is considered outstanding.


Return on Assets

ROA vs Industry: TZOO has a higher Return on Assets than the Interactive Media and Services industry average last year.


Return on Capital Employed

ROCE Improving: TZOO has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Travelzoo's financial position?


Financial Position Analysis

Short Term Liabilities: TZOO's short term assets ($32.1M) exceeds its short term liabilities ($30.4M)

Long Term Liabilities: TZOO's short term assets (32.1M) exceeds its long term liabilities (11.3M)


Debt to Equity History and Analysis

Debt Level: TZOO is debt free.

Reducing Debt: TZOO had no debt 5 years ago.

Debt Coverage: TZOO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TZOO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: TZOO has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TZOO's debt is covered by short term assets.


Next Steps

Dividend

What is Travelzoo's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate TZOO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TZOO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TZOO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TZOO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TZOO's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Holger Bartel (52yo)

3.8yrs

Tenure

US$232,000

Compensation

Mr. Holger Bartel, Ph.D. Global Chief Executive Officer of Travelzoo Inc. since January 1, 2016. Mr. Bartel served as the Chairman of Travelzoo Inc. since June 2010 until May 22, 2017. Mr. Bartel served as ...


CEO Compensation Analysis

Compensation vs. Market: Holger's total compensation ($USD232.00K) is about average for companies of similar size in the US market ($USD495.80K).

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


Management Age and Tenure

1.5yrs

Average Tenure

47yo

Average Age

Experienced Management: TZOO's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

3.3yrs

Average Tenure

50yo

Average Age

Experienced Board: TZOO's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: TZOO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$798,66817 Sep 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares64,150
Max PriceUS$12.45
SellUS$695,52006 Sep 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares64,400
Max PriceUS$10.80
SellUS$519,85204 Sep 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares45,761
Max PriceUS$11.90
SellUS$45807 Aug 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares39
Max PriceUS$11.75
SellUS$1,116,59731 Jul 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares87,300
Max PriceUS$12.81
SellUS$37,60026 Jul 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares2,500
Max PriceUS$15.04
SellUS$943,39017 Jun 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares56,000
Max PriceUS$16.90
SellUS$492,15130 May 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares26,409
Max PriceUS$18.69
SellUS$1,145,05024 May 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares60,591
Max PriceUS$19.08
SellUS$1,086,96016 May 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares52,000
Max PriceUS$20.98
BuyUS$78,04711 Mar 19
Christian Smart
EntityIndividual
Role
Other Key Executive
General Manager of Germany
Shares6,000
Max PriceUS$13.02
SellUS$1,540,00014 Feb 19
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares100,000
Max PriceUS$15.40
BuyUS$5,71918 Dec 18
Christian Smart
EntityIndividual
Role
Other Key Executive
General Manager of Germany
Shares700
Max PriceUS$8.17
BuyUS$29,32110 Dec 18
Christian Smart
EntityIndividual
Role
Other Key Executive
General Manager of Germany
Shares3,300
Max PriceUS$8.91
BuyUS$36,54006 Nov 18
Christian Smart
EntityIndividual
Role
Other Key Executive
General Manager of Germany
Shares4,000
Max PriceUS$9.22
SellUS$1,524,18801 Nov 18
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares205,000
Max PriceUS$7.44
SellUS$1,309,10029 Oct 18
Ralph Bartel
EntityIndividual
Role
Chairman of the Board
Founder
Shares170,000
Max PriceUS$8.08

Ownership Breakdown


Management Team

  • Holger Bartel (52yo)

    Global Chief Executive Officer

    • Tenure: 3.8yrs
    • Compensation: US$232.00k
  • Ralph Bartel (53yo)

    Founder

    • Tenure: 2.4yrs
  • Lisa Su (43yo)

    Principal Accounting Officer

    • Tenure: 1yrs
    • Compensation: US$341.07k
  • Wayne Lee (47yo)

    Interim Chief Financial Officer

    • Tenure: 1yrs
    • Compensation: US$370.49k
  • Tara Kraft

    Head of Publishing

    • Tenure: 2.4yrs
  • Mike Peterson (61yo)

    Chief Technology Officer

    • Tenure: 1.3yrs
    • Compensation: US$782.11k
  • Christian Smart (39yo)

    General Manager of Germany

    • Tenure: 2.8yrs
    • Compensation: US$393.15k
  • Sharry Sun

    Global Head of Brand

    • Tenure: 1.4yrs
  • Scott Wang

    Head of Strategy of Asia Pacific & GM of Greater China

    • Tenure: 0.4yrs
  • Christina Ciocca (31yo)

    Counsel & Secretary

    • Tenure: 1.5yrs

Board Members

  • Ralph Bartel (53yo)

    Founder

    • Tenure: 2.4yrs
  • Beatrice Tarka (47yo)

    Director

    • Tenure: 4.2yrs
    • Compensation: US$70.72k
  • Mary Reilly (66yo)

    Director

    • Tenure: 6.1yrs
    • Compensation: US$107.44k
  • Carrie Liu (38yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$74.64k

Company Information

Travelzoo's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Travelzoo
  • Ticker: TZOO
  • Exchange: NasdaqGS
  • Founded: 1998
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$124.164m
  • Shares outstanding: 11.74m
  • Website: https://www.travelzoo.com

Number of Employees


Location

  • Travelzoo
  • 590 Madison Avenue
  • 37th Floor
  • New York
  • New York
  • 10022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TZOONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2002
TXM1DB (Deutsche Boerse AG)YesCommon StockDEEURAug 2002

Biography

Travelzoo provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:41
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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