Online travel review company. Derive revenue from hotel bookings and advertisment placed on the websites.
Good balance sheet and cash generation capability with high ebitda margin. Not paying dividend yet.
Profitability is good though low net profit margin due to high investment and depreciation cost. Most of the cost is on marketing and general administration cost.
Marginal cost is low as it is website based business.
High P/E ratio but low P/Cash flow ratios indicating its cash generation capability.
Fair value is estimated to be ~$45 indicating low valuation based on current price.
Good entry point although no dividend paid for holding the stock.
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