Added to YB: 2025-10-02
Pitch date: 2025-09-30
CTD.AX [neutral]
Corporate Travel Management Limited
Author Info
No bio for this author
Company Info
Corporate Travel Management Limited, a travel management solutions company, manages the procurement and delivery of travel services in Australia and New Zealand, North America, Asia, and Europe.
Market Cap
AUD 2.2B
Pitch Price
N/A
Price Target
N/A
Dividend
1.37%
EV/EBITDA
21.31
P/E
36.55
EV/Sales
3.21
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Corporate Travel Management Limited - $CTD.AX
CTD.AX (overview - bearish): Corporate travel co in trading halt since Aug due to auditor flagging FY24 restatement issues. Suspect ~60% operating margins (abnormally high for low value-add call center business) were artificially inflated, likely revenue pulled forward. Bulls backing mgmt but balance sheet deteriorating. Not cheap at 15x fwd P/E given fundamental issues.
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