HomeToGo SE (HTG) AI Stock Analysis

• Market Cap: €268.28M
• Dividend Yield: N/A
• Average Volume (3M): 116.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: 31.01%
• EPS Growth: -7.88%
• Country: DE
• Employees: 795
• Sector: Communication Services
• Sector Strength: 83
• Industry: Internet Content & Information
• EPS (TTM): N/A
• Shares Outstanding: 175,680,650
• 10 Day Avg. Volume: 113,425
• 30 Day Avg. Volume: 116,502
• PEG Ratio: 0.15
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -118.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €1.50
• Price Target Upside: -2.60% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: €1.50 ▼(-2.60%Downside)

The overall stock score reflects strong revenue growth and a stable financial position, tempered by profitability challenges and mixed technical indicators. The negative P/E ratio further highlights the need for improved profitability to enhance valuation.

Positive Factors

Acquisitions

The company recently announced that it is in non-exclusive talks about the acquisition of Interhome Group, indicating potential for transformative deals.

Financial Performance

FY24 results were better than the updated guidance from January on all lines, reflecting the company’s strong focus on driving profitability and cash flow.

Revenue Growth

The booking revenue backlog amounted to €47m, up 43% year-over-year, providing solid visibility to future financial performance.

Negative Factors

Consolidation Risks

Interhome covers a significantly higher part of the vacation rental value chain, which implies a take rate of approximately 30%, compared to HTG’s onsite take rate of approximately 13%.

Financing Challenges

There is a financing gap of approximately €100m, which HTG intends to cover with a combination of new equity and debt.

Outlook Uncertainty

The outlook for FY25 is considered a bit messy due to the management’s assumptions regarding the consolidation of Interhome.

HomeToGo SE Business Overview & Revenue Model

Company Description

HomeToGo SE operates a marketplace for vacation rentals that connects users searching for a place to stay worldwide. It operates under the HomeToGo, Agriturismo.it, AMIVAC, Casamundo, CaseVacanza.it, EscapadaRural, Tripping.com, Wimdu, and Smoobu brands. HomeToGo SE was founded in 2014 and is based in Luxembourg City, Luxembourg.

How the Company Makes Money

HomeToGo makes money primarily through a commission-based revenue model. The company earns commissions from property managers and vacation rental providers when bookings are made through its platform. Additionally, HomeToGo may generate revenue through listing fees from partners who want to feature their properties on the platform. The company also leverages partnerships with major vacation rental providers to expand its inventory and improve its offering to customers. These partnerships are crucial in driving traffic to the platform and increasing the potential for bookings, thus contributing to HomeToGo's revenue streams.

HomeToGo SE Financial Statement Overview

Summary

HomeToGo SE exhibits strong revenue growth and a solid balance sheet with low leverage. However, persistent net losses and negative cash flows pose significant challenges. The company needs to improve profitability and cash flow generation to enhance overall financial health.

Income Statement

HomeToGo SE has shown consistent revenue growth, with a notable increase from €65.85 million in 2020 to €212.28 million in 2024. However, the company has struggled with profitability, consistently reporting net losses, with a net profit margin of -14.51% in 2024. The EBIT and EBITDA margins are negative, indicating ongoing operational challenges. Despite revenue growth, profitability remains a concern.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 61.54% in 2024, suggesting a stable financial structure. The debt-to-equity ratio is 0.05, indicating low leverage. However, the return on equity remains negative at -13.14%, reflecting the impact of net losses on shareholder returns.

Cash Flow

Operating cash flow improved in 2024 to €0.939 million, but free cash flow remains negative at -€9.77 million. The free cash flow to net income ratio is negative due to ongoing losses. Despite improvements in operating cash flow, the company faces challenges in generating sufficient free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	210.30M	212.28M	162.03M	146.84M	94.84M	65.86M
Gross Profit	192.60M	199.22M	145.76M	134.64M	90.50M	63.06M
EBITDA	-16.39M	-5.93M	-15.31M	-44.63M	-167.84M	-19.20M
Net Income	-44.68M	-30.80M	-28.28M	-53.50M	-166.79M	-133.56M
Balance Sheet
Total Assets	435.71M	380.76M	323.95M	344.62M	365.28M	104.80M
Cash, Cash Equivalents and Short-Term Investments	147.15M	82.68M	142.47M	161.56M	252.91M	36.42M
Total Debt	133.00K	12.55M	17.77M	22.77M	26.55M	53.93M
Total Liabilities	119.88M	113.54M	73.83M	80.92M	64.60M	81.94M
Stockholders Equity	283.17M	234.37M	250.12M	263.70M	300.69M	22.86M
Cash Flow
Free Cash Flow	-2.30M	-9.77M	-17.37M	-40.77M	-85.22M	-14.33M
Operating Cash Flow	9.62M	939.00K	-10.12M	-36.35M	-83.26M	-11.31M
Investing Cash Flow	-38.36M	-28.58M	12.86M	-621.00K	-118.34M	-4.65M
Financing Cash Flow	66.48M	-10.57M	-5.64M	-5.25M	317.09M	41.45M

HomeToGo SE Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HTG, the sentiment is Neutral. The current price of 1.54 is above the 20-day moving average (MA) of 1.45, below the 50-day MA of 1.56, and below the 200-day MA of 1.87, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.45 is Neutral, neither overbought nor oversold. The STOCH value of 57.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:HTG.

HomeToGo SE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EDL	67 Neutral	€87.42M	7.86	21.57%	7.35%	-7.73%	-9.17%
APM	57 Neutral	€67.76M	―		―	―	―
HTG	56 Neutral	€268.28M	―	-12.71%	―	31.01%	-7.88%
Sector *	54 Neutral	€8.87B	-1.67	-26.88%	9.91%	-1.04%	-5376.41%