Corporate Travel Management Ltd (CTD) fair value: what the stock is really worth
We calculate from audited financials what Corporate Travel Management Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch Corporate Travel Management Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 11, 2026.
How to read this chart
60‑month range A$2.00 – A$25.10 · fair‑value band A$1.26 – A$2.10 · the A$2.46 price screens above the A$1.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 11, 2026.
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. .
Show more
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. . The company provides corporate travels, meetings and event travel management, resources travel, sports travel, leisure travel, loyalty travel, and wholesale travel services, as well as accommodation agency services. Corporate Travel Management Limited was founded in 1994 and is based in Brisbane, Australia.
Stock analysis
Corporate Travel Management Ltd (CTD) currently trades at A$2.46, while our model-based Fair Value estimate is A$1.68, implying the stock looks roughly 46.4% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of A$2.90 per share, and 8 of the 26 models we run sit above the A$2.46 price.
Bear case: the Asset-Based group reads lowest at A$0.7100, and 18 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: A$1.26 (bear) to A$2.10 (bull), the price of A$2.46 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Corporate Travel Management Ltd reported revenue of A$708M in FY2024 versus A$316M in FY2020, a compound +22.3%/yr. Reported net income was A$84.5M in FY2024.
Key figures
Market cap A$2.4B (≈ $1.7B) · P/E ratio 36.5 · P/S ratio 4.36 · EPS (TTM) A$0.4400 · Dividend yield 2.4% · Net margin 11.9% · Return on equity 5.4% · Return on assets (EBIT) 0.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at −32%, CTD screens richer than that median.
Fair Value models
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Corporate Travel Management Ltd reported revenue of A$708M in FY2024 versus A$316M in FY2020, a compound +22.3%/yr. Reported net income was A$84.5M in FY2024.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
A$708M
Latest YoY
+8.8%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+59.6%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.6%
Avg. revenue growth/yr (17Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.9%
Value creation/yr (5Y) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ −2.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−4.6%
Dividend yield2.4%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −4.9% vs 10Y 11.9%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.27.1% (2019) → 16.9% (2024) · falling
Worst earnings drop156% (2021) (loss year, drop beyond 100%) · in AUD
⚠ Final year 2024 sits 110% above trend (one-off), rate on operating basis
Revenue+22.3%/yr
FY20A$316M
FY21A$174M
FY22A$377M
FY23A$650M
FY24A$708M
Net income
FY20−A$8.2M
FY21−A$55.4M
FY22A$3.1M
FY23A$77.6M
FY24A$84.5M
Character of growth · EPS growth decomposed (2013-2024)+10.5 % p.a.
Revenue per share+12.5 %
of which total revenue +19.1 % · buybacks/dilution −5.6 %
EBIT margin−2.6 %
Tax rate+0.3 %
Residual (interest, one-offs)+0.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score64 · Top 25%
Fair Value upside−21% · Below median
Profitability
Return on equity (TTM)5% · Below median
Return on assets3% · Below median
Net margin (TTM)9% · Above median
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth−6% · Bottom 25%
Dividend yield (TTM)2.4% · Above median
Valuation Multiples vs Travel Services median · lower = cheaper
P/E (TTM)36.5× · Pricier than median
P/B1.44× · Cheaper than median
P/S (TTM)2.46× · Pricier than median
P/FCF13.9× · Pricier than median
EV/EBITDA16.8× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Corporate Travel Management Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-28.6 % per year
Achieved revenue growth, 5 years+9.6 % p.a.
Sector median revenue growth+2.6 %
FCF yield on price33.88 %
Discount rate (WACC) in the models9.9 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 16
FUTURE0· sector 27
PAST22· sector 31
HEALTH100· sector 97
DIVIDEND49· sector 39
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Travel Services stocks, each showing price versus our Fair Value estimate (as of Sep 11, 2026).
Is Corporate Travel Management Ltd (CTD) overvalued or undervalued?
As of Sep 11, 2026, our model estimates a fair value of A$1.68 versus a price of A$2.46, about −32% upside (overvalued).
What is the fair value of CTD?
Our model-based fair value for Corporate Travel Management Ltd is A$1.68 (as of Sep 11, 2026), built from audited fundamentals. The current price: A$2.46.
What is the quality score of CTD?
Corporate Travel Management Ltd has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Corporate Travel Management Ltd (CTD)?
Our model-based price target is the fair value of A$1.68 (as of Sep 11, 2026) from 26 valuation models. Cautious scenario A$1.26, optimistic scenario A$2.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Corporate Travel Management Ltd stock forecast for 2026?
Our models put fair value at A$1.68, about −32% upside versus a price of A$2.46 (overvalued). Cautious scenario A$1.26, optimistic scenario A$2.10. The calculation is refreshed regularly with new filings.
What is the revenue of Corporate Travel Management Ltd (CTD)?
Corporate Travel Management Ltd reported trailing-twelve-month revenue of about A$688M (latest available figure, as of Sep 11, 2026).
What is the net profit margin of CTD?
The net profit margin of Corporate Travel Management Ltd is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
Does Corporate Travel Management Ltd pay a dividend?
Corporate Travel Management Ltd currently shows a dividend yield of about 2.43% relative to its recent price (as of Sep 11, 2026).
What growth is priced into Corporate Travel Management Ltd (CTD)?
For today's price to be fair in a discounted-cash-flow model, Corporate Travel Management Ltd would have to grow free cash flow by -28.6 % per year for ten years (discount rate 9.9 %, then 2 % perpetual growth). Over the last 5 years revenue grew +9.6 % per year. As of Sep 11, 2026.
What discount rate (WACC) does the fair value of CTD use?
Our models discount Corporate Travel Management Ltd at 9.9 %: a base by market capitalisation (small), damped by beta 0.61, country premium for Australia. The same rate applies in all 26 models.
What is the intrinsic value of Corporate Travel Management Ltd (CTD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Corporate Travel Management Ltd it is A$1.68 per share (as of Sep 11, 2026), against a price of A$2.46. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Corporate Travel Management Ltd stock overvalued or undervalued in 2026?
As of Sep 11, 2026, CTD trades above its calculated fair value: price A$2.46, fair value A$1.68, a gap of about −32% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CTD?
No. The price is what the market pays today (A$2.46); the fair value is what the company's own numbers justify (A$1.68). For Corporate Travel Management Ltd the two are A$0.7800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Corporate Travel Management Ltd worth?
The market values Corporate Travel Management Ltd at about A$2.4B (market capitalisation, as of Sep 11, 2026). Per share that is A$2.46; our models calculate a fair value of A$1.68 per share.
What do the bullish and bearish scenarios say about CTD?
Our models span a range for Corporate Travel Management Ltd: cautious scenario A$1.26, base A$1.68, optimistic A$2.10 per share (as of Sep 11, 2026, price A$2.46). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CTD?
Corporate Travel Management Ltd trades at a price-to-earnings ratio of 36.5 (as of Sep 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$1.68 is built from several models across several years. Other multiples: P/B 1.4, P/S 2.5, EV/EBITDA 16.8.
How solid is the balance sheet of Corporate Travel Management Ltd (CTD)?
Balance-sheet figures for Corporate Travel Management Ltd (as of Sep 11, 2026): return on equity 5.4%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
Which stocks are comparable to Corporate Travel Management Ltd?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Corporate Travel Management Ltd stock attractive at the current price?
The data as of Sep 11, 2026: price A$2.46, calculated fair value A$1.68 (−32%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CTD calculated?
We run Corporate Travel Management Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$1.68, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 31.6 % above its aggregate fair value. Corporate Travel Management Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
What should I pay attention to with Corporate Travel Management Ltd right now?
The price sits above even our optimistic bull case (A$2.10). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Free · no account needed
Watch Corporate Travel Management Ltd in the live analysis
One click puts Corporate Travel Management Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
