GLOBAL BUSINESS TRAVEL GROUP (GBTG) Stock Fundamental Analysis
NYSE:GBTG - New York Stock Exchange, Inc. - US37890B1008 - Common Stock - Currency: USD
Overall GBTG gets a fundamental rating of 3 out of 10. We evaluated GBTG against 136 industry peers in the Hotels, Restaurants & Leisure industry. GBTG may be in some trouble as it scores bad on both profitability and health. GBTG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
GBTG had negative earnings in the past year.
GBTG had a positive operating cash flow in the past year.
GBTG had negative earnings in each of the past 5 years.
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
The Return On Assets of GBTG (-3.81%) is worse than 75.00% of its industry peers.
Looking at the Return On Equity, with a value of -13.13%, GBTG is in line with its industry, outperforming 44.85% of the companies in the same industry.
GBTG has a Return On Invested Capital of 3.56%. This is comparable to the rest of the industry: GBTG outperforms 40.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.81% | ||
| ROE | -13.13% | ||
| ROIC | 3.56% |
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 5.28% is on the low side compared to the rest of the industry. GBTG is outperformed by 61.03% of its industry peers.
In the last couple of years the Operating Margin of GBTG has declined.
GBTG has a better Gross Margin (60.09%) than 73.53% of its industry peers.
GBTG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.28% | ||
| PM (TTM) | N/A | ||
| GM | 60.09% |
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.
The number of shares outstanding for GBTG has been increased compared to 1 year ago.
The number of shares outstanding for GBTG has been increased compared to 5 years ago.
GBTG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.11, we must say that GBTG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.11, GBTG is not doing good in the industry: 61.76% of the companies in the same industry are doing better.
The Debt to FCF ratio of GBTG is 8.39, which is on the high side as it means it would take GBTG, 8.39 years of fcf income to pay off all of its debts.
GBTG's Debt to FCF ratio of 8.39 is fine compared to the rest of the industry. GBTG outperforms 63.97% of its industry peers.
GBTG has a Debt/Equity ratio of 1.30. This is a high value indicating a heavy dependency on external financing.
GBTG has a Debt to Equity ratio of 1.30. This is in the better half of the industry: GBTG outperforms 60.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 8.39 | ||
| Altman-Z | 1.11 |
ROIC/WACC0.42
WACC8.39%
2.3 Liquidity
GBTG has a Current Ratio of 1.64. 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 (1.64) is better than 77.94% of its industry peers.
A Quick Ratio of 1.64 indicates that GBTG should not have too much problems paying its short term obligations.
The Quick ratio of GBTG (1.64) is better than 79.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.64 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.19% over the past year.
Looking at the last year, GBTG shows a small growth in Revenue. The Revenue has grown by 5.81% in the last year.
GBTG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.72% yearly.
EPS 1Y (TTM)10.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-66.67%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y46.99%
Revenue growth 5Y2.72%
Sales Q2Q%7.65%
3.2 Future
Based on estimates for the next years, GBTG will show a very strong growth in Earnings Per Share. The EPS will grow by 43.99% on average per year.
The Revenue is expected to grow by 6.89% on average over the next years.
EPS Next Y212.15%
EPS Next 2Y82.43%
EPS Next 3Y54.76%
EPS Next 5Y43.99%
Revenue Next Year4.94%
Revenue Next 2Y5.4%
Revenue Next 3Y5.51%
Revenue Next 5Y6.89%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GBTG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 16.75, the valuation of GBTG can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GBTG indicates a somewhat cheap valuation: GBTG is cheaper than 71.32% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.81. GBTG is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 16.75 |
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 the industry average as 71.32% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.16 | ||
| EV/EBITDA | 13.53 |
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.
GBTG's earnings are expected to grow with 54.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y82.43%
EPS Next 3Y54.76%
5. Dividend
5.1 Amount
GBTG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NYSE:GBTG (5/5/2025, 1:09:48 PM)
6.95
+0.07 (+1.02%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners31.46%
Inst Owner Change0.24%
Ins Owners0.76%
Ins Owner Change0.89%
Market Cap3.33B
Analysts83.08
Price Target10.64 (53.09%)
Short Float %2.68%
Short Ratio6.29
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)0
Avg EPS beat(2)-567.81%
Min EPS beat(2)-618.95%
Max EPS beat(2)-516.67%
EPS beat(4)1
Avg EPS beat(4)-266.4%
Min EPS beat(4)-618.95%
Max EPS beat(4)268.07%
EPS beat(8)1
Avg EPS beat(8)-687.93%
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)-3.13%
Min Revenue beat(2)-4.6%
Max Revenue beat(2)-1.66%
Revenue beat(4)0
Avg Revenue beat(4)-3.26%
Min Revenue beat(4)-4.6%
Max Revenue beat(4)-1.66%
Revenue beat(8)3
Avg Revenue beat(8)-1.24%
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)2.07%
EPS NQ rev (1m)-11.09%
EPS NQ rev (3m)23.93%
EPS NY rev (1m)-7.16%
EPS NY rev (3m)20.01%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-2.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 16.75 | ||
| P/S | 1.37 | ||
| P/FCF | 20.16 | ||
| P/OCF | 12.23 | ||
| P/B | 3.17 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.53 |
EPS(TTM)-0.37
EYN/A
EPS(NY)0.41
Fwd EY5.97%
FCF(TTM)0.34
FCFY4.96%
OCF(TTM)0.57
OCFY8.18%
SpS5.06
BVpS2.2
TBVpS-1.32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.81% | ||
| ROE | -13.13% | ||
| ROCE | 4.5% | ||
| ROIC | 3.56% | ||
| ROICexc | 4.38% | ||
| ROICexgc | 16.13% | ||
| OM | 5.28% | ||
| PM (TTM) | N/A | ||
| GM | 60.09% | ||
| FCFM | 6.81% |
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-Score6
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 8.39 | ||
| Debt/EBITDA | 4.46 | ||
| Cap/Depr | 60.11% | ||
| Cap/Sales | 4.42% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 88.89% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.64 | ||
| Altman-Z | 1.11 |
F-Score6
WACC8.39%
ROIC/WACC0.42
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)10.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-66.67%
EPS Next Y212.15%
EPS Next 2Y82.43%
EPS Next 3Y54.76%
EPS Next 5Y43.99%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y46.99%
Revenue growth 5Y2.72%
Sales Q2Q%7.65%
Revenue Next Year4.94%
Revenue Next 2Y5.4%
Revenue Next 3Y5.51%
Revenue Next 5Y6.89%
EBIT growth 1Y276.47%
EBIT growth 3YN/A
EBIT growth 5Y-10.1%
EBIT Next Year214.79%
EBIT Next 3Y58.49%
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%