Added to YB: 2023-06-04
Pitch date: 2023-06-04
DESP [bullish]
Despegar.com, Corp.
+194.56%
current return
Author Info
No bio for this author
Company Info
Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States.
Market Cap
$1.6B
Pitch Price
$6.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.37
P/E
-568.31
EV/Sales
2.09
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Why Despegar Could Lift Off Once Again
DESP (new position): LatAm's leading OTA at cyclical trough. Q1 gross bookings +44%, rev +41% (ASP +36%) topping pre-pandemic TTM peak. Returning to GAAP profit Q2/Q3; 15x 2024e, 11x 2025e EPS. Trades 0.44x EV/EBITDA, ~1/3 of Expedia. Moat via bank/retail partnerships. Risk: Argentina 100% inflation, LatAm politics.
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