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

Enter the company code or Name for stock analysis:

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

$17.66

21 Feb
2025

0.340

OPEN

$16.74

1.96%

HIGH

$17.87

1,213,583

LOW

$17.13

TARGET
$17.633 -0.2% downside
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 23.3 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx 50.1% 39.7% xxx

Dividend yield today if purchased 3 years ago: 1.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.64

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

20/02/2025

1

Overweight

$18.30

3.62%

Morgan Stanley sees Corporate Travel Management's solid 1H performance, with revenue growth and strong operating leverage in the US and A&NZ, as a potential inflection point.

Earnings (EBITDA) of $77.4m exceeded the broker's $74.9m forecast, supported by near 50% improvement in profitability for both North America and A&NZ.

Management reiterated FY25 guidance. Around $880m in new business wins to mid-February, against a $1.0bn FY25 budget, and a 97% client retention rate, helps position FY26 for further revenue growth, suggests the broker.

Morgan Stanley raises the target to $18.30 from $16.40 and maintains an Overweight rating with an Industry View of In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 29.00 cents and EPS of 83.90 cents.
Morgan Stanley forecasts a full year FY26 dividend of 38.70 cents and EPS of 96.70 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

Wilsons

xx/xx/xxxx

3

xxxxxx xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

20/02/2025

2

Overweight

$17.00

-3.74%

Jarden believes there's a lot to like in Corporate Travel Management 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.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

CTD STOCK CHART

FNArena News on CTD

1
FNArena Corporate Results Monitor – 22-02-2025

Feb 22 2025 - Australia
2
FNArena Corporate Results Monitor – 20-02-2025

Feb 20 2025 - Australia
3
Australian Broker Call *Extra* Edition – Feb 20, 2025

Feb 20 2025 - Daily Market Reports
4
Rudi’s View: Hope Trumps Uncertainties

Feb 12 2025 - Rudi's View
5
Rudi’s View: AGL Energy, Bega Cheese, BRG, Harvey Norman, Imdex & Superloop

Feb 06 2025 - Rudi's View

Latest Travel, Leisure & Tourism News

1
Diverging Margins In Webjets’ Results

Dec 02 2024 - Australia
2
What Happened To WEB Travel’s Growth Outlook?

Oct 17 2024 - Small Caps
3
Upside For The New Webjet(s)

Sep 26 2024 - Australia
4
SiteMinder To Thrive On New Product Launches

Aug 06 2024 - Small Caps
5
In Brief: It’s Not The Economy, Stupid!

Jul 05 2024 - Weekly Reports
6
SiteMinder Travelling Well

May 01 2024 - Small Caps
7
Webjet’s B2B Opportunity

Apr 15 2024 - Australia
8
Stars Are Aligning For SiteMinder

Aug 02 2023 - Small Caps
9
Treasure Chest: Corporate Travel Management

Jun 20 2023 - Treasure Chest
10
Treasure Chest: The WebBed Opportunity For Webjet

Jun 07 2023 - Treasure Chest