Professional
Added to YB: 2024-02-19
Pitch date: 2024-02-01
EDR.MC [bullish]
eDreams ODIGEO S.A.
-43.12%
current return
Author Info
No bio for this author
Company Info
eDreams ODIGEO S.A., together with its subsidiaries, operates as an online travel company in France, Southern Europe, Northern Europe, and internationally.
Market Cap
EUR 428.2M
Pitch Price
EUR 7.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.53
P/E
6.28
EV/Sales
1.12
Sector
Hotels, Restaurants and Leisure
Category
value
Immersion Investments Portfolio Holding - eDreams Odigeo
EDR.MC undervalued despite progress to FY25 goals of 7.25M subs & €180M cash EBITDA. Transitioning to subscription model, Prime at 5.1M members. Q2: rev +19%, adj EBITDA +66%, op profit €18.2M vs €15M loss YoY, FCF margin 14%. FY24 proj: €140M adj EBITDA, €100M FCF vs €1.2B EV & €890M mkt cap. >10% FCF yield = buyback/strategic review potential.
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