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Helloworld Travel Limited (HLO) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$239M

HT Helloworld Travel Limited HLO · AU
PriceA$1.53
Fair ValueA$3.05
Upside+99.4%
Quality43/100
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Weak Growth
Highly profitable · 24.7% net margin
Low debt · negative free cash flow
7.31% dividend yield
Ranks above peers (12/14)
Moderate moat 58/100
Evidence: Medium Range A$2.29 – A$3.81 Share as image

Fair value as of: Jul 19, 2026

From 12 valuation models · updated 21 days ago

Share price +1.0% over the past month.

Below-average quality, screening 99% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (A$2.29). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

A$2.69 A$1.09 Fair Value A$3.05 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range A$1.09 – A$2.69 · fair‑value band A$2.29 – A$3.81 · the A$1.53 price screens below the A$3.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Helloworld Travel Limited (HLO) currently trades at A$1.53, while our model-based Fair Value estimate is A$3.05, implying the stock looks roughly 99.4% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Helloworld Travel Limited generated revenue of A$196M at a net margin of 24.7%. Revenue grew 10.7% year over year. It earns a return on equity of 14.0%. The balance sheet holds a net cash position of A$68.6M. Fundamentals as of Jul 19, 2026

Our scenario range runs from A$2.29 (bear case) to A$3.81 (bull case); at A$1.53, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at 99%, HLO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Residual Income A$1.61 A$1.69 A$1.75 76
Gordon GGM A$0.9600 A$1.61 A$2.09 70
Growth-Adj P/E A$3.33 A$4.76 A$6.18 68
All 12 models by family
DCF Models
Owner Earnings A$3.02 A$5.29 A$9.10 31
Earnings-Based
Graham-Dodd A$1.22 A$7.99 A$11.18 54
Lynch FV A$2.33 A$3.32 A$4.32 50
PEG = 1.0 A$2.33 A$3.32 A$4.32 46
Dividend Discount
Gordon GGM A$0.9600 A$1.61 A$2.09 70
DDM Multi-Stage A$0.9600 A$1.52 A$1.73 61
Multiples
P/E Multiple A$2.96 A$3.95 A$4.93 63
P/S Multiple A$0.1400 A$0.1900 A$0.2400 58
P/B Multiple A$2.29 A$3.05 A$3.81 55
Asset-Based
NCAV (Graham) A$1.04 A$1.39 A$2.08 50
Economic Profit
Residual Income A$1.61 A$1.69 A$1.75 76
Growth Earnings
Growth-Adj P/E A$3.33 A$4.76 A$6.18 68

Widest divergence: DCF Models (A$5.29) versus Asset-Based (A$1.39). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$196M
Revenue growth (YoY) +10.7%
Net margin 24.7%
Return on equity 14.0%
Free cash flow −A$19.1M FY2025
P/E ratio 4.3
More key figures
Operating margin 12.8%
EPS (TTM) A$0.3200
Dividend yield 7.9%
EPS growth (YoY) +149%
Net cash A$68.6M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 43

Profitability 38
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 66
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Helloworld Travel Limited operates as a travel distribution company in Australia, New Zealand, and internationally. The company provides international and domestic travel products and services, as well as operates retail distribution networks of travel agents and coaches.

Full company description

Helloworld Travel Limited operates as a travel distribution company in Australia, New Zealand, and internationally. The company provides international and domestic travel products and services, as well as operates retail distribution networks of travel agents and coaches. It also operates retail travel brands, including Helloworld Travel"the Travel Professionals, Helloworld Business Travel, Magellan Travel, Express Travel Group, Alatus, Independent Travel Group, Select Travel Group, First Travel Group, Mobile Travel Agents, My Travel Group, The Travel Brokers, and iTalktravel and Cruise; and distributes travel products and solutions under the Viva Holidays, Sunlover Holidays, Territory Discoveries, Asia Escape Holidays, Ready Rooms, Ultimate Journeys, and GO Holidays names. In addition, the company provides Inbound and destination management services; air consolidation services under the AirTickets, Express Tickets, and SmartTickets brands; technological ticketing solutions to travel agents and networks; and transport operation and ground handling services. Further, it offers access to a database of various ocean and river cruise products, including itineraries, cruise lines, ocean and river cruise vessels, and information on various ports, as well as cruise packaging and services. The company was formerly known as Helloworld Limited and changed its name to Helloworld Travel Limited in April 2017. Helloworld Travel Limited was incorporated in 2000 and is headquartered in Southbank, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Helloworld Travel Limited reported revenue of A$26.2M in FY2025 versus A$39.7M in FY2021, a compound −9.8%/yr. Reported net income was A$29.4M in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$26.2M
Latest YoY
−87.9%
Avg. 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.
−25.6%
Avg. 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.
−37.6%
Avg. growth/yr (24Y) 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.
+28.5%
Revenue −9.8%/yr
FY21 A$39.7M
FY22 A$63.5M
FY23 A$161M
FY24 A$217M
FY25 A$26.2M
Net income
FY21 −A$35.5M
FY22 A$90.5M
FY23 A$17.4M
FY24 A$30.6M
FY25 A$29.4M

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Cite: Fair Value Calculator (2026). "Helloworld Travel Limited Fair Value". https://www.fairvalue-calculator.com/stock/HLO

Peer Group

Travel Services · 90 stocks

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.

Quality Score 43 · Bottom 25%
Fair Value upside +99% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 3% · Below median
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 7.3% · Top 25%

Valuation Multiples vs Travel Services median · lower = cheaper

P/E (TTM) 4.6× · Cheaper than 75% of peers
P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 0.86× · Cheaper than median
EV/EBITDA 2.5× · Cheaper than 75% of peers
PEG 0.98× · Cheaper than median

Snowflake

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.

VALUE 100 · sector 19
FUTURE 54 · sector 25
PAST 56 · sector 36
HEALTH 100 · sector 97
DIVIDEND 100 · sector 36

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Travel Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Booking Holdings BKNG $182.80 $152.94 -16%
Airbnb, Inc ABNB $148.62 $57.47 -61%
Royal Caribbean Cruises Ltd RCL $286.96 $215.19 -25%
Viking Holdings VIK $100.69 $43.51 -57%
Carnival Corporation CCL $26.41 $31.36 +19%
Expedia Group EXPE $268.77 $248.63 -7%
Trip.com Group TCOM $42.45 $88.82 +109%
Norwegian Cruise Line Holdings NCLH $19.46 $20.28 +4%
Global Business Travel Group GBTG $9.40 $4.17 -56%
Travel + Leisure Co TNL $73.27 $27.29 -63%

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Frequently asked questions

Is Helloworld Travel Limited (HLO) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of A$3.05 versus a price of A$1.53, about +99% (undervalued).
What is the fair value of HLO?
Our model-based fair value for Helloworld Travel Limited is A$3.05 (as of Jul 19, 2026), built from audited fundamentals. The current price is A$1.53.
What is the quality score of HLO?
Helloworld Travel Limited has a Quality Score of 43/100. 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 revenue of Helloworld Travel Limited (HLO)?
Helloworld Travel Limited reported trailing-twelve-month revenue of about A$196M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of HLO?
The net profit margin of Helloworld Travel Limited is about 24.7%, meaning it keeps roughly 24.7% of revenue as net income. Based on the latest reported figures.
Does Helloworld Travel Limited pay a dividend?
Helloworld Travel Limited currently shows a dividend yield of about 7.86% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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