GLOBAL BUSINESS TRAVEL GROUP (GBTG) Stock Fundamental Analysis
USA - NYSE:GBTG - US37890B1008 - Common Stock
8.16 USD
-0.16 (-1.92%)
8.16 USD
0 (0%)
GBTG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 134 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and financial health of GBTG have multiple concerns. GBTG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
GBTG had negative earnings in the past year.
In the past year GBTG had a positive cash flow from operations.
In the past 5 years GBTG always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: GBTG reported negative operating cash flow in multiple years.
1.2 Ratios
GBTG has a worse Return On Assets (-1.47%) than 70.90% of its industry peers.
GBTG has a Return On Equity of -4.75%. This is comparable to the rest of the industry: GBTG outperforms 46.27% of its industry peers.
GBTG has a Return On Invested Capital of 4.52%. This is comparable to the rest of the industry: GBTG outperforms 46.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.47% | ||
| ROE | -4.75% | ||
| ROIC | 4.52% |
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
GBTG's Operating Margin of 6.93% is in line compared to the rest of the industry. GBTG outperforms 45.52% of its industry peers.
In the last couple of years the Operating Margin of GBTG has declined.
GBTG has a Gross Margin of 61.15%. This is in the better half of the industry: GBTG outperforms 72.39% of its industry peers.
GBTG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.93% | ||
| PM (TTM) | N/A | ||
| GM | 61.15% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GBTG is destroying value.
The number of shares outstanding for GBTG has been increased compared to 1 year ago.
GBTG has more shares outstanding than it did 5 years ago.
GBTG has a worse debt/assets ratio than last year.
2.2 Solvency
GBTG has an Altman-Z score of 1.32. This is a bad value and indicates that GBTG is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.32, GBTG perfoms like the industry average, outperforming 41.04% of the companies in the same industry.
The Debt to FCF ratio of GBTG is 9.52, which is on the high side as it means it would take GBTG, 9.52 years of fcf income to pay off all of its debts.
GBTG's Debt to FCF ratio of 9.52 is fine compared to the rest of the industry. GBTG outperforms 61.94% of its industry peers.
GBTG has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GBTG (1.14) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 9.52 | ||
| Altman-Z | 1.32 |
ROIC/WACC0.53
WACC8.49%
2.3 Liquidity
GBTG has a Current Ratio of 1.66. This is a normal value and indicates that GBTG is financially healthy and should not expect problems in meeting its short term obligations.
GBTG has a Current ratio of 1.66. This is in the better half of the industry: GBTG outperforms 76.87% of its industry peers.
GBTG has a Quick Ratio of 1.66. This is a normal value and indicates that GBTG is financially healthy and should not expect problems in meeting its short term obligations.
GBTG has a Quick ratio of 1.66. This is amongst the best in the industry. GBTG outperforms 80.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.66 |
3. Growth
3.1 Past
The earnings per share for GBTG have decreased strongly by -96.08% in the last year.
GBTG shows a small growth in Revenue. In the last year, the Revenue has grown by 5.81%.
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
The Earnings Per Share is expected to grow by 43.99% on average over the next years. This is a very strong growth
GBTG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.89% yearly.
EPS Next Y159.27%
EPS Next 2Y65.87%
EPS Next 3Y50.86%
EPS Next 5Y43.99%
Revenue Next Year2.47%
Revenue Next 2Y3.52%
Revenue Next 3Y4.06%
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.
With a Price/Forward Earnings ratio of 29.36, GBTG can be considered very expensive at the moment.
GBTG's Price/Forward Earnings ratio is in line with the industry average.
GBTG is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 29.36 |
4.2 Price Multiples
GBTG's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, GBTG is valued a bit cheaper than 67.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.96 | ||
| EV/EBITDA | 14.23 |
4.3 Compensation for Growth
GBTG's 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 50.86% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y65.87%
EPS Next 3Y50.86%
5. Dividend
5.1 Amount
GBTG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
8.16
-0.16 (-1.92%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners34.3%
Inst Owner Change0.62%
Ins Owners5.32%
Ins Owner Change0.55%
Market Cap3.91B
Analysts83.08
Price Target10.1 (23.77%)
Short Float %3.21%
Short Ratio4.8
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)-14.82%
Min EPS beat(2)-60.57%
Max EPS beat(2)30.94%
EPS beat(4)1
Avg EPS beat(4)-291.31%
Min EPS beat(4)-618.95%
Max EPS beat(4)30.94%
EPS beat(8)2
Avg EPS beat(8)-223.1%
EPS beat(12)2
Avg EPS beat(12)-522.97%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.73%
Min Revenue beat(2)-3.91%
Max Revenue beat(2)-1.56%
Revenue beat(4)0
Avg Revenue beat(4)-2.93%
Min Revenue beat(4)-4.6%
Max Revenue beat(4)-1.56%
Revenue beat(8)1
Avg Revenue beat(8)-2.28%
Revenue beat(12)4
Avg Revenue beat(12)-1.37%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.96%
PT rev (3m)-5.07%
EPS NQ rev (1m)-33.43%
EPS NQ rev (3m)-51.06%
EPS NY rev (1m)-38.89%
EPS NY rev (3m)-23.89%
Revenue NQ rev (1m)3.79%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)1.65%
Revenue NY rev (3m)2.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 29.36 | ||
| P/S | 1.6 | ||
| P/FCF | 26.96 | ||
| P/OCF | 15.03 | ||
| P/B | 3.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.23 |
EPS(TTM)-0.2
EYN/A
EPS(NY)0.28
Fwd EY3.41%
FCF(TTM)0.3
FCFY3.71%
OCF(TTM)0.54
OCFY6.65%
SpS5.09
BVpS2.51
TBVpS-1.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.47% | ||
| ROE | -4.75% | ||
| ROCE | 5.72% | ||
| ROIC | 4.52% | ||
| ROICexc | 5.67% | ||
| ROICexgc | 20.86% | ||
| OM | 6.93% | ||
| PM (TTM) | N/A | ||
| GM | 61.15% | ||
| FCFM | 5.94% |
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-Score8
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 9.52 | ||
| Debt/EBITDA | 4.07 | ||
| Cap/Depr | 69.28% | ||
| Cap/Sales | 4.71% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.61% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.66 | ||
| Altman-Z | 1.32 |
F-Score8
WACC8.49%
ROIC/WACC0.53
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 Y159.27%
EPS Next 2Y65.87%
EPS Next 3Y50.86%
EPS Next 5Y43.99%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y46.99%
Revenue growth 5Y2.72%
Sales Q2Q%0.96%
Revenue Next Year2.47%
Revenue Next 2Y3.52%
Revenue Next 3Y4.06%
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 1Y163.88%
FCF growth 3YN/A
FCF growth 5Y0%
OCF growth 1Y324.14%
OCF growth 3YN/A
OCF growth 5Y3.68%