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Corporate Travel Management Limited
(Sydney:CTD)
Corporate Travel Management Limited (CTD) vs. iShares MSCI Australia ETF (EWA)
Corporate Travel Management Limited Business Overview & Revenue Model
Corporate Travel Management Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 707.67M | 650.40M | 377.36M | 174.05M | 316.36M |
| Gross Profit | 285.68M | 129.66M | 23.37M | -69.56M | 19.73M |
| EBITDA | 178.34M | 162.20M | 37.21M | -31.48M | 40.38M |
| Net Income | 84.45M | 77.57M | 3.10M | -55.35M | -8.19M |
Balance Sheet | |||||
| Total Assets | 1.64B | 1.76B | 1.55B | 1.16B | 782.16M |
| Cash, Cash Equivalents and Short-Term Investments | 134.77M | 150.99M | 142.05M | 99.02M | 92.84M |
| Total Debt | 38.78M | 38.41M | 48.35M | 46.38M | 53.09M |
| Total Liabilities | 452.41M | 572.38M | 467.03M | 309.54M | 224.07M |
| Stockholders Equity | 1.17B | 1.17B | 1.07B | 836.06M | 538.83M |
Cash Flow | |||||
| Free Cash Flow | 121.63M | 43.49M | 47.95M | -75.70M | 57.02M |
| Operating Cash Flow | 126.77M | 80.30M | 73.92M | -60.36M | 79.25M |
| Investing Cash Flow | -46.73M | -45.70M | -114.71M | -289.39M | -45.69M |
| Financing Cash Flow | -94.40M | -27.73M | 88.92M | 359.08M | -74.60M |
Corporate Travel Management Limited Technical Analysis
Corporate Travel Management Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.35B | 36.55 | ― | 1.37% | -4.98% | -42.11% | |
69 Neutral | AU$3.23B | 30.59 | 8.85% | 2.63% | 2.70% | -22.30% | |
66 Neutral | AU$304.45M | 10.28 | 9.92% | 7.57% | -14.10% | -5.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | AU$1.54B | 5,925.00 | 0.12% | ― | -8.73% | -99.88% | |
47 Neutral | AU$1.62B | -63.60 | -39.97% | ― | 17.65% | 3.70% |
Corporate Travel Management Limited Corporate Events
Corporate Travel Management has secured key amendments to its existing debt facilities, reducing the overall facility size from $150 million to $140 million and reshaping it into a $65 million bank guarantee facility and a $75 million revolving credit facility, of which $40 million is freely available and $35 million is subject to lender consent. The revised arrangements, which include an extension of deadlines for its audited FY25 and HY26 financial reports to 30 June 2026 and additional reporting and covenant obligations, are intended to provide financial stability while the company finalises its FY25 accounts and supports its newly agreed financial security arrangement with IATA, ensuring uninterrupted BSP-related ticketing activities for clients; as at 30 November 2025, CTM reported $177.6 million in cash and no drawn debt, underscoring a relatively strong liquidity position despite the tighter facility size and enhanced lender oversight.
The most recent analyst rating on (AU:CTD) stock is a Sell with a A$7.60 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
Corporate Travel Management has advised that it is still working with KPMG to finalise its FY25 financial statements, including restatements of prior periods, and expects to update the market in February 2026 on the timetable for completion. While a review with certain UK customers to determine refund liabilities continues, the company reports that its global operations and client services are running at full capacity without disruption, supported by a new financial security arrangement with the International Air Transport Association to keep all BSP-related ticketing activities fully operational. In a significant management development, CTM has terminated the employment of its UK and Europe CEO, Michael Healy, for breach of contractual obligations, with Global COO Eleanor Noonan continuing as interim regional chief while investigations into issues in the European business and future leadership arrangements remain ongoing.
The most recent analyst rating on (AU:CTD) stock is a Sell with a A$7.60 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
S&P Dow Jones Indices has announced changes to the S&P/ASX Indices effective December 22, 2025, following its quarterly review. Notable changes include the addition of Lynas Rare Earths Limited and Washington H. Soul Pattinson and Company Limited to the S&P/ASX 50 Index, while Corporate Travel Management Limited and others are removed from the S&P/ASX 200 Index. These adjustments reflect shifts in market dynamics and can impact the investment strategies of stakeholders involved with these indices.
The most recent analyst rating on (AU:CTD) stock is a Sell with a A$7.60 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
Corporate Travel Management Limited announced that Michael Healy, the Chief Executive Officer for CTM UK and Europe, has been temporarily stood down from his position. Eleanor Noonan, the Global Chief Operating Officer, will serve as the interim CEO during this period. The company is conducting further investigation and review, and will provide more details once the investigation is completed.
The most recent analyst rating on (AU:CTD) stock is a Buy with a A$16.70 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
Corporate Travel Management Limited (CTM) announced a delay in releasing its financial statements due to potential material adjustments identified by Deloitte in the European region, specifically within the CTM UK group. KPMG’s forensic review revealed significant concerns regarding revenue recognition from large customer contracts between 2021 and 2023, necessitating material restatements and revenue reversals for FY23 and FY24. The company is taking corrective actions, including customer reviews, financial process evaluations, and governance assessments, to address these issues and ensure compliance with accounting standards.
The most recent analyst rating on (AU:CTD) stock is a Buy with a A$16.70 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
Corporate Travel Management Limited announced corrections to its previously released financial data for the quarter ended 30 September 2025. Despite the delay in releasing its FY25 audited financial statements, the company’s operations remain unaffected, with a notable increase in revenue and EBITDA compared to the previous year. The company reported a 6% increase in revenue and a 29% increase in underlying EBITDA, highlighting its strong financial performance and liquidity position during the first quarter of FY26.
The most recent analyst rating on (AU:CTD) stock is a Hold with a A$16.10 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
Corporate Travel Management Limited announced its 1QFY26 results, highlighting a 6% increase in global revenues and a 29% rise in EBITDA compared to the previous year. Despite a trading suspension and ongoing audit of FY25 financial statements, the company’s operations remain unaffected, with significant customer wins and strong liquidity, evidenced by a cash balance of $168 million and no drawn debt.
The most recent analyst rating on (AU:CTD) stock is a Hold with a A$16.10 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
Corporate Travel Management Limited announced the issuance of 10,030 new ordinary fully paid securities as of September 30, 2025. This move is part of the company’s strategic financial operations, potentially impacting its market position by increasing its capital base and offering more flexibility in its financial management.
The most recent analyst rating on (AU:CTD) stock is a Hold with a A$16.10 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.