Added to YB: 2025-10-02
Pitch date: 2025-09-30
CTD.AX [neutral]
Corporate Travel Management Limited
-17%
current return
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 326.5M
Pitch Price
AUD 3.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.04
P/E
18.50
EV/Sales
0.41
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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