SEG-Internet Index Travel

SEG’s Monthly Flash Reports track the financial performance and valuations of approximately 300 software companies, categorized in nearly 30 product categories across the on-premise software, SaaS and Internet sectors.  This post highlights the performance of the SEG-Internet Index Travel product category as shown in the SEG December Monthly Flash Report.  To view the performance of dozens of other product categories, download the latest complimentary Monthly Flash Report here: https://softwareequity.com/research_flash_reports.aspx

In the month of December, the Travel category achieved a median EV/Revenue multiple of 5.5x, TTM Revenue Growth of 26.3%, and EBITDA Margin of 20.1%. Notable companies outperforming their respective category include:

  1. On an EV/Revenue multiple basis, HomeAway and Ctrip outperformed the category with multiples of 8.9x and 6.3x, respectively.
  2. On a TTM Revenue Growth basis, Priceline and MakeMyTrip outperformed the category with a revenue growth of 60.6% and 41.5%, respectively.
  3. On a TTM EBITDA Margin basis, Ctrip and Priceline outperformed the category with a margin of 36.1% and 32.7%, respectively.

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