GLOBAL BUSINESS TRAVEL GROUP (GBTG) Stock Fundamental Analysis
NYSE:GBTG - New York Stock Exchange, Inc. - US37890B1008 - Common Stock - Currency: USD
GBTG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 131 industry peers in the Hotels, Restaurants & Leisure industry. GBTG may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, GBTG is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year GBTG has reported negative net income.
In the past 5 years GBTG always reported negative net income.
In multiple years GBTG reported negative operating cash flow during the last 5 years.
1.2 Ratios
GBTG has a Return On Assets of -1.16%. This is in the lower half of the industry: GBTG underperforms 69.47% of its industry peers.
GBTG has a Return On Equity (-3.93%) which is comparable to the rest of the industry.
GBTG's Return On Invested Capital of 4.45% is in line compared to the rest of the industry. GBTG outperforms 45.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.16% | ||
| ROE | -3.93% | ||
| ROIC | 4.45% |
ROA(3y)-2.05%
ROA(5y)-8.27%
ROE(3y)-11.6%
ROE(5y)-26.03%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Operating Margin value of 6.66%, GBTG perfoms like the industry average, outperforming 42.75% of the companies in the same industry.
GBTG's Operating Margin has declined in the last couple of years.
GBTG has a Gross Margin of 60.85%. This is in the better half of the industry: GBTG outperforms 74.05% of its industry peers.
In the last couple of years the Gross Margin of GBTG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.66% | ||
| PM (TTM) | N/A | ||
| GM | 60.85% |
OM growth 3YN/A
OM growth 5Y-12.48%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y17.04%
GM growth 5Y0.55%
2. Health
2.1 Basic Checks
GBTG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
GBTG has more shares outstanding than it did 1 year ago.
GBTG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, GBTG has a worse debt to assets ratio.
2.2 Solvency
GBTG has an Altman-Z score of 1.10. This is a bad value and indicates that GBTG is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GBTG (1.10) is worse than 65.65% of its industry peers.
GBTG has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external financing.
GBTG's Debt to Equity ratio of 1.22 is in line compared to the rest of the industry. GBTG outperforms 57.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.1 |
ROIC/WACC0.52
WACC8.57%
2.3 Liquidity
GBTG has a Current Ratio of 1.60. This is a normal value and indicates that GBTG is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of GBTG (1.60) is better than 77.10% of its industry peers.
A Quick Ratio of 1.60 indicates that GBTG should not have too much problems paying its short term obligations.
GBTG has a better Quick ratio (1.60) than 78.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.6 |
3. Growth
3.1 Past
GBTG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -96.08%.
Looking at the last year, GBTG shows a small growth in Revenue. The Revenue has grown by 5.81% in the last year.
Measured over the past years, GBTG shows a small growth in Revenue. The Revenue has been growing by 2.72% on average per year.
EPS 1Y (TTM)-96.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y46.99%
Revenue growth 5Y2.72%
Sales Q2Q%0.96%
3.2 Future
GBTG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 43.99% yearly.
GBTG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.89% yearly.
EPS Next Y196.98%
EPS Next 2Y70.68%
EPS Next 3Y52.33%
EPS Next 5Y43.99%
Revenue Next Year0.81%
Revenue Next 2Y2.6%
Revenue Next 3Y4.09%
Revenue Next 5Y6.89%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for GBTG. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 19.24, the valuation of GBTG can be described as rather expensive.
GBTG's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.28. GBTG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 19.24 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GBTG is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.6 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as GBTG's earnings are expected to grow with 52.33% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y70.68%
EPS Next 3Y52.33%
5. Dividend
5.1 Amount
GBTG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
6.5
+0.26 (+4.17%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners34.47%
Inst Owner Change-0.38%
Ins Owners5.26%
Ins Owner Change4.07%
Market Cap3.11B
Analysts83.08
Price Target9.53 (46.62%)
Short Float %2.65%
Short Ratio3.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-242.86%
Min EPS beat(2)-516.67%
Max EPS beat(2)30.94%
EPS beat(4)2
Avg EPS beat(4)-209.15%
Min EPS beat(4)-618.95%
Max EPS beat(4)268.07%
EPS beat(8)2
Avg EPS beat(8)-650.61%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.78%
Min Revenue beat(2)-3.91%
Max Revenue beat(2)-1.66%
Revenue beat(4)0
Avg Revenue beat(4)-3.18%
Min Revenue beat(4)-4.6%
Max Revenue beat(4)-1.66%
Revenue beat(8)2
Avg Revenue beat(8)-1.78%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-10.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-43.74%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 19.24 | ||
| P/S | 1.28 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.6 |
EPS(TTM)-0.2
EYN/A
EPS(NY)0.34
Fwd EY5.2%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS5.08
BVpS2.34
TBVpS-1.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.16% | ||
| ROE | -3.93% | ||
| ROCE | 5.63% | ||
| ROIC | 4.45% | ||
| ROICexc | 5.51% | ||
| ROICexgc | 20.15% | ||
| OM | 6.66% | ||
| PM (TTM) | N/A | ||
| GM | 60.85% | ||
| FCFM | N/A |
ROA(3y)-2.05%
ROA(5y)-8.27%
ROE(3y)-11.6%
ROE(5y)-26.03%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-92.96%
ROICexc growth 3YN/A
ROICexc growth 5Y-94.57%
OM growth 3YN/A
OM growth 5Y-12.48%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y17.04%
GM growth 5Y0.55%
F-ScoreN/A
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.01 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.6 | ||
| Altman-Z | 1.1 |
F-ScoreN/A
WACC8.57%
ROIC/WACC0.52
Cap/Depr(3y)56.67%
Cap/Depr(5y)46.07%
Cap/Sales(3y)4.81%
Cap/Sales(5y)5.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-96.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
EPS Next Y196.98%
EPS Next 2Y70.68%
EPS Next 3Y52.33%
EPS Next 5Y43.99%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y46.99%
Revenue growth 5Y2.72%
Sales Q2Q%0.96%
Revenue Next Year0.81%
Revenue Next 2Y2.6%
Revenue Next 3Y4.09%
Revenue Next 5Y6.89%
EBIT growth 1Y276.47%
EBIT growth 3YN/A
EBIT growth 5Y-10.1%
EBIT Next Year181.49%
EBIT Next 3Y54.26%
EBIT Next 5Y44.43%
FCF growth 1Y236.74%
FCF growth 3YN/A
FCF growth 5Y0%
OCF growth 1Y67.9%
OCF growth 3YN/A
OCF growth 5Y3.68%