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: 0.32
Index:

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

$3.29

21 Oct
2026

0.230

OPEN

$3.15

7.52%

HIGH

$3.32

2,467,280

LOW

$3.10

TARGET
$2.987

+0.20 change from previous day

 -9.2% 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 . XPD .
FNARENA'S MARKET CONSENSUS FORECASTS
CTD: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 12.7 26.2 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.6 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 28/02 - (franking ex-div 10c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx12.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx660.1 M
Book Value Per Share xxxxxxxxxxxxxxx406.7
Net Operating Cash Flow xxxxxxxxxxxxxxx29.6 M
Net Profit Margin xxxxxxxxxxxxxxx2.68 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx3.14 %
Return on Invested Capital xxxxxxxxxxxxxxx3.02 %
Return on Assets xxxxxxxxxxxxxxx1.36 %
Return on Equity xxxxxxxxxxxxxxx3.14 %
Return on Total Capital xxxxxxxxxxxxxxx7.99 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx25.5 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx26 M
Total Debt xxxxxxxxxxxxxxx34 M
Goodwill - Gross xxxxxxxxxxxxxxx904 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx107 M
Price To Book Value xxxxxxxxxxxxxxx3.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx30.2 M
Capex % of Sales xxxxxxxxxxxxxxx4.58 %
Cost of Goods Sold xxxxxxxxxxxxxxx475 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx136 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5 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

0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx, xxxx xxxx

$xx.xx

xx.xx%

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Morgans

10/09/2026

1

Resume with Buy

$3.06

-6.99%

Corporate Travel Management shares had been suspended since August 2025 and resumed trading recently following the delayed lodging of FY25 and FY26 audited accounts.

Bottom line: following years of overcharging clients, the travel agent will refund $246m by 30 September 2027, supported by its new $175m debt facility.

Management has suggested FY27 guidance will be provided at the AGM and Morgans anticipates earnings to fall materially due to a higher AUD, reduced special project work and higher corporate costs.

The good news is, Corporate Travel is now seen as a turnaround story under new leadership. If execution proves successful, the broker sees material upside on the horizon.

Morgans resumes coverage with a Buy rating and price target of $3.06.

FORECAST
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 19.00 cents.
Morgans forecasts a full year FY28 dividend of 0.00 cents and EPS of 23.00 cents.

Ord Minnett

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

CTD STOCK CHART

FNArena News on CTD

1
Rudi’s View: Lower Bond Yields & Other Catalysts

Oct 21 2026 - Rudi's View
2
Next Week At A Glance – 14-18 Sep 2026

Sep 11 2026 - Weekly Reports
3
Next Week At A Glance – 31 Aug – 4 Sep 2026

Aug 28 2026 - Weekly Reports
4
Next Week At A Glance – 29 June-3 Jul 2026

Jun 26 2026 - Weekly Reports
5
Next Week At A Glance – 4-8 May 2026

May 01 2026 - Weekly Reports

Latest Travel, Leisure & Tourism News

1
A Bottom For SiteMinder Shares

Jun 30 2026 - Technicals
2
Flight Centre To Regain Altitude

Jun 18 2026 - Small Caps
3
Flight Centre On Cruise Control Re-Rating

Dec 18 2025 - Australia
4
Confidence Grows In Web Travel’s FY27 Targets

Dec 01 2025 - Small Caps
5
SiteMinder’s Deeper Connectivity For Growth

Oct 01 2025 - Small Caps
6
Undervalued Flight Centre Awaits Travel Recovery

Aug 05 2025 - Australia
7
Smart Platform Underpins SiteMinder Optimism

Jun 18 2025 - Small Caps
8
Corporate Travel: Happy Above Downtrend Line

May 20 2025 - Technicals
9
Flight Centre: A Downgrade Anticipated

May 02 2025 - Australia
10
Corporate Travel Eyes Strong Growth Rebound

Mar 07 2025 - Small Caps