On The Beach Group (OTB)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

258.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 499.40
  • 52 Week Low: 140.00
  • Currency: UK Pounds
  • Shares Issued: 131.22m
  • Volume: 2,658,326
  • Market Cap: 339.20m

On the Beach set to 'rock the boat' says Liberum, starts at 'buy'

By Alexander Bueso

Date: Wednesday 13 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Liberum has kicked-off coverage of On The Beach at a 'buy', setting a 560p target price for the online travel operator's shares in the process.
Its analysts hailed the company's "disruptive" proprietary technology, projecting that the resulting market share gains would drive the compound annual rate of growth in EBITDA and EPS over the next three years to 16.4% and 15.7%, respectively.

But the company's equity story didn't end there, with "new products and new markets giving a long runway for the future," they said.

"The market is undervaluing OTB's long term potential and not recognising the option value from international expansion, long-haul product growth, and the diversification into offline/b2b," they added.

Related to the latter, they highlighted the recent launch of its Classic Package Holidays portal, which they believed would appeal to independent travel agents.

According to Liberum, the offline package holiday market was worth roughly £7.0bn a year and the company's long-haul products were expected to grow rapidly, with international markets set to make positive contributions from fiscal year 2022 onwards.

"Proof that the model can be replicated overseas should unlock future options," they added.

On the Beach's technology was also allowing it to drive down customer acquisition costs while "other product lines and direct contracting add both content and further margin upside."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

OTB Market Data

Currency UK Pounds
Share Price 258.50p
Change Today 1.00p
% Change 0.39 %
52 Week High 499.40
52 Week Low 140.00
Volume 2,658,326
Shares Issued 131.22m
Market Cap 339.20m

OTB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.88% below the market average90.88% below the market average90.88% below the market average90.88% below the market average90.88% below the market average
94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average
Price Trend
62.02% below the market average62.02% below the market average62.02% below the market average62.02% below the market average62.02% below the market average
12.33% below the sector average12.33% below the sector average12.33% below the sector average12.33% below the sector average12.33% below the sector average
Income
80.53% below the market average80.53% below the market average80.53% below the market average80.53% below the market average80.53% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Growth
24.62% above the market average24.62% above the market average24.62% above the market average24.62% above the market average24.62% above the market average
82.86% above the sector average82.86% above the sector average82.86% above the sector average82.86% above the sector average82.86% above the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 9
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OTB Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jan-20 30-May-19
Paid 13-Feb-20 28-Jun-19
Amount 2.00p 1.30p

Trades for 22-May-2020

Time Volume / Share Price
17:08 8,685 @ 258.50p
17:07 2,000 @ 258.50p
16:37 90,000 @ 260.00p
16:36 100,000 @ 260.00p
16:35 57,638 @ 258.50p

OTB Key Personnel

CEO Simon Cooper

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