Corporate Travel Management Ltd
ASX:CTD

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Corporate Travel Management Ltd
ASX:CTD
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Price: 13.2 AUD -0.23%
Market Cap: 1.9B AUD
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Relative Value

The Relative Value of one CTD stock under the Base Case scenario is 20.78 AUD. Compared to the current market price of 13.2 AUD, Corporate Travel Management Ltd is Undervalued by 36%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CTD Relative Value
Base Case
20.78 AUD
Undervaluation 36%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
93
vs Industry
26
Median 3Y
4.7
Median 5Y
5.2
Industry
1.4
Forward
2.6
vs History
47
vs Industry
37
Median 3Y
25.7
Median 5Y
20.2
Industry
20.2
Forward
16.9
vs History
77
vs Industry
22
Median 3Y
32.8
Median 5Y
24.3
Industry
9.8
vs History
47
vs Industry
19
Median 3Y
27.6
Median 5Y
26.6
Industry
18.6
vs History
95
vs Industry
50
Median 3Y
2.4
Median 5Y
2.5
Industry
2.2
vs History
93
vs Industry
34
Median 3Y
4.5
Median 5Y
5
Industry
1.9
Forward
2.4
vs History
71
vs Industry
56
Median 3Y
4.6
Median 5Y
4
Industry
3.8
vs History
47
vs Industry
33
Median 3Y
15.3
Median 5Y
13.9
Industry
10.7
Forward
8.9
vs History
47
vs Industry
46
Median 3Y
15.3
Median 5Y
13.9
Industry
16.5
Forward
12.2
vs History
77
vs Industry
28
Median 3Y
31.4
Median 5Y
23.7
Industry
11.9
vs History
60
vs Industry
26
Median 3Y
33.8
Median 5Y
27.4
Industry
17.4
vs History
95
vs Industry
38
Median 3Y
2.2
Median 5Y
2.3
Industry
1.3

Multiples Across Competitors

CTD Competitors Multiples
Corporate Travel Management Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Corporate Travel Management Ltd
ASX:CTD
1.9B AUD 2.7 22.6 15.6 15.6
US
Booking Holdings Inc
NASDAQ:BKNG
170B USD 7.4 33.7 24 26.1
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 42.2 264.8 155.3 195.9
US
Airbnb Inc
NASDAQ:ABNB
85.9B USD 7.9 46.7 45.4 47.1
US
Marriott International Inc
NASDAQ:MAR
79.8B USD 3.2 28.8 22.7 24.4
US
Royal Caribbean Cruises Ltd
NYSE:RCL
64.6B USD 4 24.8 14.7 20.3
US
Hilton Worldwide Holdings Inc
NYSE:HLT
62B USD 5.6 52.6 28.9 30.7
MY
Grand Central Enterprises Bhd
KLSE:GCE
257.3B MYR 9 986.9 -11 074.5 -11 020.4 -8 750.2
CN
Trip.com Group Ltd
HKEX:9961
365.3B HKD 7 24.4 19.8 21.1
US
Carnival Corp
NYSE:CCL
32.7B USD 1.3 20.9 9.8 17
UK
Carnival PLC
LSE:CCL
23.5B GBP 1.3 32.6 488.5 907.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Corporate Travel Management Ltd
ASX:CTD
Average EV/EBITDA: 82.5
15.6
118%
0.1
US
Booking Holdings Inc
NASDAQ:BKNG
24
64%
0.4
CN
H
H World Group Ltd
BMV:HTHTN
155.3
42%
3.7
US
Airbnb Inc
NASDAQ:ABNB
45.4
214%
0.2
US
Marriott International Inc
NASDAQ:MAR
22.7
37%
0.6
US
Royal Caribbean Cruises Ltd
NYSE:RCL
14.7
70%
0.2
US
Hilton Worldwide Holdings Inc
NYSE:HLT
28.9
67%
0.4
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -11 020.4 N/A N/A
CN
Trip.com Group Ltd
HKEX:9961
19.8
82%
0.2
US
Carnival Corp
NYSE:CCL
9.8
63%
0.2
UK
Carnival PLC
LSE:CCL
488.5
64%
7.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Corporate Travel Management Ltd
ASX:CTD
Average EV/EBIT: 130.6
15.6
65%
0.2
US
Booking Holdings Inc
NASDAQ:BKNG
26.1
69%
0.4
CN
H
H World Group Ltd
BMV:HTHTN
195.9
58%
3.4
US
Airbnb Inc
NASDAQ:ABNB
47.1
120%
0.4
US
Marriott International Inc
NASDAQ:MAR
24.4
27%
0.9
US
Royal Caribbean Cruises Ltd
NYSE:RCL
20.3
87%
0.2
US
Hilton Worldwide Holdings Inc
NYSE:HLT
30.7
59%
0.5
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -8 750.2 N/A N/A
CN
Trip.com Group Ltd
HKEX:9961
21.1
100%
0.2
US
Carnival Corp
NYSE:CCL
17
116%
0.1
UK
Carnival PLC
LSE:CCL
907.3
119%
7.6

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