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
No bio for this author
Company Info
Unlimited Travel Group UTG AB (publ) operates as a travel company. The company offers travel agency operations, travel arrangements, corporate events, packaged trips, Caribbean Specialist tailor dream trips, and related operations.
Market Cap
SEK 233.5M
Pitch Price
SEK 20.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.56
P/E
12.05
EV/Sales
0.24
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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