Added to YB: 2026-02-02
Pitch date: 2026-02-01
UTG.ST [bullish]
Unlimited Travel Group UTG AB (publ)
+0.96%
current return
Author Info
Company Info
Unlimited Travel Group UTG AB (publ) operates as a travel company. It offers travel agency operations, travel arrangements, corporate events, packaged trips, Caribbean Specialist tailor trips, and related operations.
Market Cap
SEK 245.7M
Pitch Price
SEK 20.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.20
P/E
12.00
EV/Sales
0.28
Sector
Hotels, Restaurants and Leisure
Category
value
Riches in Niches.
UTG.ST: Swedish niche travel/event agency roll-up at 236M SEK mcap. 11 brands in premium segments (Världens, NEX, Creative Meetings, etc). Pro-forma 2024: 5.3% EBIT margin pre-G&A, 22.3% gross margin vs TUI's 8.3%. 20yr history: 5% rev CAGR, 6.8% EBIT CAGR, 20.2% median ROIC, 72% EBIT-to-FCF conversion. New board/mgmt buying at 2.5-4.7x EBIT multiples. Trading 4.5-5x normalized P/EBIT, 6-7x P/FCF vs 20x historical P/E. 15-16% FCF yield + 5% organic growth. Risks: short track record, cyclicality, people retention, geopolitical/health events.
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