Discounted Cash Flow Calculation for NasdaqCM:YTRA using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
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.
NasdaqCM:YTRA DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Yatra Online's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Yatra Online'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
is considered below, and whether this is a fair price.
Price based on past earnings
Yatra Online's earnings available for a low price, and how does
this compare to other companies in the same industry?
Yatra Online is not considered high growth as it is expected to be loss making for the next 1-3 years.
Yatra Online's revenue is expected to grow by 9.6% 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.
Yatra Online's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
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.
TENURE AS CEO
Mr. Dhruv Shringi is a Co-Founder of Yatra Online, Inc. and has been its Chief Executive Officer since June 2008. Mr. Shringi served as Director of Group Operations and Technology at ebookers limited since November 2003 until June 2005. Prior to his stint at Ebookers, from February 2002 to September 2003, Mr. Shringi served n the Strategy and Business Development team at Ford Motor Company in the UK, where he was part of the European Business Turnaround team and also has significant work experience in India. He has extensive knowledge in the travel industry. From May 1994 to October 2000, he worked in the Audit & Business Consulting team of Arthur Anderson in their offices in India and London. He has been a Director of Yatra Online, Inc. since December 2005. He is a Qualified Chartered Accountant. He holds a B.Com (Hons.) degree from Delhi University, a Master of Business Administration degree from INSEAD.
Insufficient data for Dhruv to compare compensation growth.
Insufficient data for Dhruv to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Yatra Online management team is over 5 years, this suggests they are a seasoned and experienced team.
Co-Founder & Chief Information Officer
Co-Founder & COO of Corporate Hotels
Chief Financial Officer
Chief Technology Officer
VP of Corporate Development & Investor Relations
Chief Operating Officer of B2C Business
Chief Operating Officer of Corporate Travel & Head of Industry Relations
Chief Operating Officer of B2B Business
Chief Customer Experience Officer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Yatra Online board of directors is less than 3 years, this suggests a new board.
The Yatra Online Share Price Is Down 43% So Some Shareholders Are Getting Worried
Given that Yatra Online didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … Yatra Online's revenue didn't grow at all in the last year.
Do Institutions Own Yatra Online, Inc. (NASDAQ:YTRA) Shares?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Yatra Online is not a large company by global standards. … View our latest analysis for Yatra Online
Is Yatra Online Inc's (NASDAQ:YTRA) Balance Sheet A Threat To Its Future?
Yatra Online Inc (NASDAQ:YTRA) is a small-cap stock with a market capitalization of US$222m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Online Retail industry facing headwinds from current disruption,.
operates in the retail industry … Pure-play online retailers have benefits from the lower barriers to entry, enabling brands to build profitable and lean businesses much earlier in their lifecycle, which changed the retail environment and dynamics between customers and retailers … Retail analysts are forecasting for the entire industry,
Has Yatra Online Inc (NASDAQ:YTRA) Improved Earnings Growth In Recent Times?
After reading Yatra Online Inc's (NASDAQ:YTRA) most recent earnings announcement (31 March 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … See our latest analysis for Yatra Online? … YTRA is loss-making, with the most recent trailing twelve-month earnings of -US$3.99b (from 31 March 2018), which compared to last year has become
Is Yatra Online Inc's (NASDAQ:YTRA) Balance Sheet Strong Enough To Weather A Storm?
With this debt payback, the current cash and short-term investment levels stands at ₹3.53B , ready to deploy into the business. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: YTRA’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.
Yatra Online Inc's (NASDAQ:YTRA) Single Biggest Risk For Investors
Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … Yatra Online may need to come to market again, but the question is, when? … See our latest analysis for Yatra Online What is cash burn?
Yatra Online’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt NasdaqCM:YTRA Net Worth Jan 6th 18 Is Yatra Online's yield sustainable? … Below is a table of Yatra Online’s operating cash flow in the past year, as well as the anticipated level going forward.
A Look At Yatra Online Inc (YTRA) And The Retail Sector
Today, I will analyse the industry outlook, and also determine whether YTRA is a laggard or leader relative to its retail sector peers. … NasdaqCM:YTRA PE PEG Gauge Nov 15th 17 The online retail industry is trading at a PE ratio of 24x, relatively similar to the rest of the US stock market PE of 22x. … If YTRA has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the online retail industry.
Yatra Online, Inc. operates as an online travel company in India and internationally. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, and activities and ancillary services for leisure and business travelers. It offers its services through its Website, yatra.com. The company also provides its services through mobile applications that comprise Yatra, a mobile interface; Yatra Mini, a multi-lingual, mass-market Android application that provides customers with ready access to rail and bus bookings, as well as budget hotels; Yatra Web Check-In, an application for flight check-in process for travelers; Yatra Corporate, a self-booking application for business customers; Travelguru HomeStay, an application that connects homeowners and travelers to facilitate homestay booking; and Yatra Hoteliers DESTranet, an application for hotel owners and operators to update and manage their inventories, rates, and check-in process. It serves approximately 3.7 million customers. The company was incorporated in 2005 and is headquartered in Gurugram, India.
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