OTCPK:TMFX.F

Stock Analysis Report

Executive Summary

HolidayCheck Group AG operates as a digital company for holidaymakers in Austria, Belgium, Germany, the Netherlands, Poland, and Switzerland.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TMFX.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

TMFX.F

-0.2%

US Online Retail

0.06%

US Market


1 Year Return

n/a

TMFX.F

27.7%

US Online Retail

19.4%

US Market

Return vs Industry: Insufficient data to determine how TMFX.F performed against the US Online Retail industry.

Return vs Market: Insufficient data to determine how TMFX.F performed against the US Market.


Shareholder returns

TMFX.FIndustryMarket
7 Day0%-0.2%0.06%
30 Day0%6.5%1.1%
90 Dayn/a20.8%8.9%
1 Yearn/a27.8%27.7%21.9%19.4%
3 Yearn/a108.4%108.1%48.9%39.3%
5 Yearn/a218.8%204.6%71.9%53.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is HolidayCheck Group undervalued compared to its fair value and its price relative to the market?

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TMFX.F ($2.72) is trading above our estimate of fair value ($2.21)

Significantly Below Fair Value: TMFX.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TMFX.F is unprofitable, so we can't compare its PE Ratio to the Online Retail industry average.

PE vs Market: TMFX.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TMFX.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TMFX.F is good value based on its PB Ratio (1x) compared to the US Online Retail industry average (3x).


Next Steps

Future Growth

How is HolidayCheck Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

82.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TMFX.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: TMFX.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TMFX.F's is expected to become profitable in the next 3 years.

Revenue vs Market: TMFX.F's revenue (9.8% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: TMFX.F's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TMFX.F's Return on Equity is forecast to be low in 3 years time (2.3%).


Next Steps

Past Performance

How has HolidayCheck Group performed over the past 5 years?

-12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TMFX.F is currently unprofitable.

Growing Profit Margin: TMFX.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TMFX.F is unprofitable, and losses have increased over the past 5 years at a rate of -12.5% per year.

Accelerating Growth: Unable to compare TMFX.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TMFX.F is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (15%).


Return on Equity

High ROE: TMFX.F has a negative Return on Equity (-2.91%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is HolidayCheck Group's financial position?


Financial Position Analysis

Short Term Liabilities: TMFX.F's short term assets (€56.9M) exceed its short term liabilities (€29.4M).

Long Term Liabilities: TMFX.F's short term assets (€56.9M) exceed its long term liabilities (€14.2M).


Debt to Equity History and Analysis

Debt Level: TMFX.F is debt free.

Reducing Debt: TMFX.F has no debt compared to 5 years ago when its debt to equity ratio was 45.1%.


Balance Sheet

Inventory Level: TMFX.F has a low level of unsold assets or inventory.

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


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TMFX.F has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: TMFX.F has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

1.56%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years2.6%

Current dividend yield vs market & industry

Notable Dividend: TMFX.F's dividend (1.54%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: TMFX.F's dividend (1.54%) is low compared to the top 25% of dividend payers in the US market (3.69%).


Stability and Growth of Payments

Stable Dividend: TMFX.F has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TMFX.F has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: TMFX.F is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: TMFX.F's dividends in 3 years are forecast to be well covered by earnings (34.7% payout ratio).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Georg Hesse (47yo)

4.1yrs

Tenure

€743,000

Compensation

Mr. Georg Hesse serves as a Member of Supervisory Board at Leifheit Aktiengesellschaft since May 30, 2018. He has been the Chief Executive Officer, Chairman and Member of Management Board at Tomorrow Focus ...


CEO Compensation Analysis

Compensation vs Market: Georg's total compensation ($USD805.59K) is about average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Georg's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Georg Hesse
Chairperson of the Management Board & CEO4.1yrs€743.00k0.32% 515.3k
Markus Scheuermann
CFO & Member of Management Board2.8yrs€601.00k0.14% 227.7k
Nathan Glissmeyer
Chief Product Officer/CTO & Member of Management Board3.1yrs€683.00k0.11% 182.8k
Daniel Steil
Online Editor In Chief0yrsno datano data
Armin Blohmann
Director of Group Communications & Investor Relations12.4yrsno datano data
Sarah Fischer
Head of HR Management0yrsno datano data
Alexandra Thomas
Head of Product & Publisher Mgmt and Director of Product & Piblisher Mgmt At Tomorrow Focus Media0yrsno datano data
Philipp Goos
Chief Executive Officer of Webassets B.V.5.4yrsno datano data
Urszula Jasiulewicz
Financial Controller0yrsno datano data
Christoph Ludmann
Chief Executive Officer of HolidayCheck AG2.6yrsno datano data

3.6yrs

Average Tenure

46.5yo

Average Age

Experienced Management: TMFX.F's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Döring
Member of Supervisory Board4.7yrsno datano data
Stefan Winners
Chairman of Supervisory Board6.7yrsno datano data
Holger Eckstein
Member of Supervisory Board3.1yrsno datano data
Dirk Altenbeck
Deputy Chairman of Supervisory Board5.7yrsno datano data
Aliz Tepfenhart
Member of Supervisory Board4.7yrsno datano data
Alexander Fröstl
Member of Supervisory Board3.7yrsno datano data

4.7yrs

Average Tenure

53yo

Average Age

Experienced Board: TMFX.F's board of directors are considered experienced (4.7 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HolidayCheck Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HolidayCheck Group AG
  • Ticker: TMFX.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €147.081m
  • Listing Market Cap: €159.109m
  • Shares outstanding: 57.23m
  • Website: https://www.holidaycheckgroup.com

Number of Employees


Location

  • HolidayCheck Group AG
  • Neumarkter Strasse 61
  • Munich
  • Bavaria
  • 81673
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOCDB (Deutsche Boerse AG)YesBearer SharesDEEURJul 2000
HOCXTRA (XETRA Trading Platform)YesBearer SharesDEEURJul 2000
0G8ZLSE (London Stock Exchange)YesBearer SharesGBEURJul 2000
HOCDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJul 2000
TMFX.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJul 2000

Biography

HolidayCheck Group AG operates as a digital company for holidaymakers in Austria, Belgium, Germany, the Netherlands, Poland, and Switzerland. It operates HolidayCheck, a hotel rating and travel booking portal; Zoover, a hotel rating portal; and Weeronline/Meteovista weather portals, as well as MietwagenCheck and Driveboo rental car portals. The company was formerly known as TOMORROW FOCUS AG and changed its name to HolidayCheck Group AG in June 2016. HolidayCheck Group AG is headquartered in Munich, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 02:04
End of Day Share Price2019/11/22 00:00
Earnings2019/09/30
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.