Hostelworld

Returning to growth

  • Sectors : Travel IT Services
  • Companies : Hostelworld

Ratings and price correct at time of issue.

  • Hostelworld

    Closing Price: 188.0p

  • RATING 15/12/15

  • PREVIOUS RATING N/A

DAVY VIEW

Growth has been an elusive feature of Hostelworld’s performance since its IPO, where impressive shareholder returns (€48m over three years) outshone investment in the platform. Its new strategy, we believe, finally gives the company an identity closer to that of its core market and its young, dynamic customers. We expect the new strategy to bear fruit from 2020 – at just 8.0x FY19 EV/EBITDA, Hostelworld offers investors cheap accommodation to rest and recuperate for the journey ahead.

Download full report with analyst certification and important disclosures

Dec 19 2018, 07:10 GMT

Download