CORPORATE TRAVEL MANAGEMENT LIMITED (CTD)
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CTD - CORPORATE TRAVEL MANAGEMENT LIMITED

FNArena Sector : Travel, Leisure & Tourism
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 0.24
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

$12.90

24 Jul
2024

-0.310

OPEN

$13.21

-2.35%

HIGH

$13.30

492,535

LOW

$12.90

TARGET
$17.514 35.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AIA . AIZ . CEH . CHL . EVT . EXP . FLT . HLO . KLS . QAN . SDR . SKO . SST . THL . VGL . VVA . WEB .
FNARENA'S MARKET CONSENSUS FORECASTS
CTD: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 53.1 86.6 xxx
DPS (cps) xxx 28.0 38.0 xxx
EPS Growth xxx 100.0% 63.3% xxx
DPS Growth xxx 100.0% 35.8% xxx
PE Ratio xxx N/A 14.4 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 52.8% 43.9% xxx

Dividend yield today if purchased 3 years ago: 1.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.25

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: 29/02 - ex-div 17c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx53.1
DPS All xxxxxxxxxxxxxxx28.0
Sales/Revenue xxxxxxxxxxxxxxx650.4 M
Book Value Per Share xxxxxxxxxxxxxxx801.4
Net Operating Cash Flow xxxxxxxxxxxxxxx80.3 M
Net Profit Margin xxxxxxxxxxxxxxx11.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx6.92 %
Return on Invested Capital xxxxxxxxxxxxxxx6.73 %
Return on Assets xxxxxxxxxxxxxxx4.69 %
Return on Equity xxxxxxxxxxxxxxx6.92 %
Return on Total Capital xxxxxxxxxxxxxxx8.75 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx59.9 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx28 M
Total Debt xxxxxxxxxxxxxxx38 M
Goodwill - Gross xxxxxxxxxxxxxxx924 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx151 M
Price To Book Value xxxxxxxxxxxxxxx2.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx36.8 M
Capex % of Sales xxxxxxxxxxxxxxx5.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx521 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx27 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx8 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

8
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

11/03/2024

3

Neutral

$17.50

35.66%

Citi reduces its FY25/FY26 earnings forecast for Corporate Travel Management by around -2% as 1H results showed execution in the underlying business was below historical norms.

It appears to the broker the company has lost some market share in A&NZ, while peers are growing at faster rates and with a better mix in the US.

For the near-term, Citi prefers Buy-rated Flight Centre Travel in the space for its operating momentum. An improving macroeconomic outlook is also noted.

The target for Corporate Travel Management falls to $17.50 from $17.55. and the Neutral rating is maintained.

FORECAST
Citi forecasts a full year FY24 dividend of 39.00 cents and EPS of 86.20 cents.
Citi forecasts a full year FY25 dividend of 50.90 cents and EPS of 100.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

05/03/2024

2

Downgrade to Overweight from Buy

$19.00

47.29%

Following last-October's upbeat commentary by management at Corporate Travel Management, Jarden was disappointed by a -7% miss in the 1H against the consensus earnings estimate.

The company attributed the result weakness to weaker earnings in the Middle East and a -$25m impact due to lower activity for the UK Bridging contract.

Management noted a strong January and the broker feels execution by the company is progressing well. Nonetheless, the rating is downgraded to Overweight from Buy.

The target falls to $19 from $23 on the broker's earnings revisions and updated assumptions for risk-free rates.

FORECAST
Jarden forecasts a full year FY24 EPS of 94.30 cents.
Jarden forecasts a full year FY25 EPS of 101.90 cents.

Wilsons

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxx xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

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