CORPORATE TRAVEL MANAGEMENT LIMITED (CTD)
Share Price Analysis and Chart

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CTD

CTD - CORPORATE TRAVEL MANAGEMENT LIMITED

FNArena Sector : Travel, Leisure & Tourism
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 0.2
Index: ASX200 | ASX300 | ALL-ORDS

Corporate Travel is an Australian provider of travel solutions to the corporate market. Founded in 1994, the company listed on the ASX in 2010.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$14.97

27 Mar
2025

-0.350

OPEN

$15.28

-2.28%

HIGH

$15.58

921,108

LOW

$14.96

TARGET
$17.633 17.8% upside
OTHER COMPANIES IN THE SAME SECTOR
AIA . AIZ . CEH . CHL . EVT . EXP . FLT . HLO . KLS . QAN . SDR . SKO . SST . THL . VGL . VRL . VVA . WEB . WJL .
FNARENA'S MARKET CONSENSUS FORECASTS
CTD: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 57.9 75.6 xxx
DPS (cps) xxx 29.0 30.1 xxx
EPS Growth xxx 9.0% 30.7% xxx
DPS Growth xxx 3.6% 3.6% xxx
PE Ratio xxx N/A 19.2 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 50.1% 39.7% xxx

Dividend yield today if purchased 3 years ago: 1.21%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/08 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx57.9
DPS All xxxxxxxxxxxxxxx29.0
Sales/Revenue xxxxxxxxxxxxxxx707.7 M
Book Value Per Share xxxxxxxxxxxxxxx812.2
Net Operating Cash Flow xxxxxxxxxxxxxxx126.8 M
Net Profit Margin xxxxxxxxxxxxxxx11.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.19 %
Return on Invested Capital xxxxxxxxxxxxxxx7.02 %
Return on Assets xxxxxxxxxxxxxxx4.91 %
Return on Equity xxxxxxxxxxxxxxx7.19 %
Return on Total Capital xxxxxxxxxxxxxxx11.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx64.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx29 M
Total Debt xxxxxxxxxxxxxxx39 M
Goodwill - Gross xxxxxxxxxxxxxxx923 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx135 M
Price To Book Value xxxxxxxxxxxxxxx1.63

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx47.6 M
Capex % of Sales xxxxxxxxxxxxxxx6.72 %
Cost of Goods Sold xxxxxxxxxxxxxxx552 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx21 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

20/02/2025

3

Neutral

$17.48

16.77%

Corporate Travel Management delivered a better-than-expected 1H25 underlying EBITDA, exceeding guidance by 5%, Macquarie’s estimate by 6%, and consensus by 4%, with weakness in Europe offset by strength in A&NZ.

A&NZ saw margin expansion, with Australia up 675bps and NZ up 545bps.

Despite the strong 1H result, management lowered FY25 EBITDA guidance, with the rest of the world unchanged but Europe downgraded to $55m from $68m.

Macquarie believes European earnings have bottomed and should improve. The broker lifts EPS forecasts by 0.5% for FY25 and 1% for FY26.

Target price rises 31% to $17.48 on a valuation roll-forward. Neutral rating unchanged.

FORECAST
Macquarie forecasts a full year FY25 dividend of 33.80 cents and EPS of 74.90 cents.
Macquarie forecasts a full year FY26 dividend of 46.20 cents and EPS of 92.10 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

24/02/2025

2

Overweight

$17.00

13.56%

Jarden believes there's a lot to like in Corporate Travel Management's 1H25 result despite slightly softer FY25 guidance implying a -2% consensus EBITDA downgrade. 

The broker is focusing more on the travel group's contract wins, incremental margins of over 50% and that it remains on track to double EPS by FY29. If that's achieved, market EPS forecasts would rise over 35%, the broker estimates.

The broker cut underlying FY25 EPS forecast by -0.5% but lifted FY26 by 12.4%. Target price rises to $17 from $14, and Overweight maintained.

FORECAST
Jarden forecasts a full year FY25 EPS of 76.00 cents.
Jarden forecasts a full year FY26 EPS of 102.20 cents.

Wilsons

xx/xx/xxxx

3

xxxxxx xxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

CTD STOCK CHART

FNArena News on CTD

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Mar 20 2025 - Rudi's View
2
Rudi’s View: Post February Conviction Calls

Mar 13 2025 - Rudi's View
3
Corporate Travel Eyes Strong Growth Rebound

Mar 07 2025 - Small Caps
4
Australian Broker Call *Extra* Edition – Feb 25, 2025

Feb 25 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Feb 24, 2025

Feb 24 2025 - Daily Market Reports

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