Global Business Travel Group: Growth Momentum, But Faces Near-Term Volatility

Jay Capital profile picture
Jay Capital
277 Followers

Summary

  • Global Business Travel Group's Q3 results continued the recovery momentum witnessed in the 1H.
  • APAC recovery could be the key to near-term growth, albeit it might dilute the margin.
  • Global Business Travel Group continues to consolidate its market share in the SME market.
  • Global Business Travel Group's near-term performance could be weighed down by its high fixed cost.

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Thomas Barwick

Global Business Travel Group Overview

This post serves as an update to my coverage in October.

Global Business Travel Group, Inc. (NYSE:GBTG) continues to be attractive. As long as GBTG reaps the benefits of business travel recovery and

Stock chart

GBTG share price (Google)

Valuation

Author's estimates

This article was written by

Jay Capital profile picture
277 Followers
I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with steady long-term growth, no cyclicality, and a robust balance sheet.Nevertheless, investing in successful company is risky because one may end up paying too much (this is where valuation matters). I firmly believe this, yet there are situations where the development runway is so vast that price matters much less in the immediate future.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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