Added to YB: 2026-04-06
Pitch date: 2026-03-31
OTB.L [neutral]
On the Beach Group plc
Author Info
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Company Info
On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.
Market Cap
GBP 227.8M
Pitch Price
N/A
Price Target
N/A
Dividend
2.54%
EV/EBITDA
4.84
P/E
10.41
EV/Sales
1.14
Sector
Hotels, Restaurants and Leisure
Category
value
Szew Invest Q1 2026 holding update - On the Beach (OTB.L)
OTB.L (holdings update): UK holiday booking platform hit by war hurting nearby destination demand; suspended FY guidance. No owned planes/hotels = limited cost exposure, customers rebook elsewhere. Stock at 160p vs 300p avg in Covid despite stronger balance sheet (net cash), record EPS potential. EV/EBIT 2.5x next year, far cheaper than 2020 crisis yet less severe impact. Mgmt sees significant profit growth ahead; asset-light model + strong cash position = undervalued.
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