(EDR) eDreams Odigeo - Overview
Sector: Consumer Cyclical | Industry: Travel Services | Exchange: MC (Spain) | Market Cap: 437m EUR | Total Return: -39.4% in 12m
Avg Turnover: 3.39M
Rev. Trend: 91.1%
Qual. Beats: -1
Warnings
Altman Z'' -1.32 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
eDreams ODIGEO S.A. is a Madrid-based online travel company operating primarily across Europe through major brands including eDreams, Opodo, and Go Voyages. The company functions as an online travel agency (OTA) and metasearch provider, offering flight, hotel, and vacation package bookings along with administrative and IT consulting services.
The business model increasingly focuses on a subscription-based loyalty program, a shift designed to transition from transactional one-off sales to recurring revenue streams. In the competitive OTA sector, companies typically generate earnings through commissions, service fees, and advertising revenue from travel suppliers.
For a deeper look into the companys financial health and valuation metrics, consider reviewing the latest data on ValueRay. eDreams ODIGEO S.A. was established in 1999 and maintains a significant market presence in France and Southern Europe.
- Prime subscription growth shifts revenue model toward recurring high-margin membership fees
- European air travel demand volatility impacts transactional booking volume and commissions
- Marketing spend efficiency on Google and Meta determines customer acquisition costs
- Regulatory scrutiny of airline distribution fees threatens core flight mediation margins
- Debt refinancing costs and interest rate exposure influence bottom-line profitability targets
| Net Income: 52.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.75 > 1.0 |
| NWC/Revenue: -61.46% < 20% (prev -56.95%; Δ -4.50% < -1%) |
| CFO/TA 0.14 > 3% & CFO 162.9m > Net Income 52.2m |
| Net Debt (302.1m) to EBITDA (144.2m): 2.10 < 3 |
| Current Ratio: 0.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (110.6m) vs 12m ago -12.31% < -2% |
| Gross Margin: 75.62% > 18% (prev 50.57%; Δ 25.05% > 0.5%) |
| Asset Turnover: 57.16% > 50% (prev 57.76%; Δ -0.60% > 0%) |
| Interest Coverage Ratio: 3.64 > 6 (EBIT TTM 94.6m / Interest Expense TTM 26.0m) |
| A: -0.35 (Total Current Assets 140.4m - Total Current Liabilities 551.2m) / Total Assets 1.18b |
| B: 0.04 (Retained Earnings 52.2m / Total Assets 1.18b) |
| C: 0.08 (EBIT TTM 94.6m / Avg Total Assets 1.17b) |
| D: 0.27 (Book Value of Equity 247.9m / Total Liabilities 929.0m) |
| Altman-Z'' = -1.32 = CCC |
| DSRI: 0.67 (Receivables 44.0m/66.0m, Revenue 668.5m/671.2m) |
| GMI: 0.67 (GM 50.57% / 75.62%) |
| AQI: 1.01 (AQ_t 0.87 / AQ_t-1 0.87) |
| SGI: 1.00 (Revenue 668.5m / 671.2m) |
| TATA: -0.09 (NI 52.2m - CFO 162.9m) / TA 1.18b) |
| Beneish M = -3.61 (Cap -4..+1) = AAA |
As of June 06, 2026, the stock is trading at EUR 4.56 with a total of 1,123,675 shares traded.
Over the past week, the price has changed by +8.97%,
over one month by +32.03%,
over three months by +53.37% and
over the past year by -39.43%.
eDreams Odigeo has no consensus analysts rating.
P/E Trailing = 9.2889
P/E Forward = 12.0337
P/S = 0.5693
P/B = 1.4619
Revenue TTM = 668.5m EUR
EBIT TTM = 94.6m EUR
EBITDA TTM = 144.2m EUR
Long Term Debt = 368.7m EUR (from longTermDebt, last quarter)
Short Term Debt = 7.08m EUR (from shortTermDebt, last quarter)
Debt = 389.4m EUR (from shortLongTermDebtTotal, last quarter) + Leases 8.06m
Net Debt = 302.1m EUR (calculated: Debt 389.4m - CCE 87.3m)
Enterprise Value = 739.1m EUR (437.0m + Debt 389.4m - CCE 87.3m)
Interest Coverage Ratio = 3.64 (Ebit TTM 94.6m / Interest Expense TTM 26.0m)
EV/FCF = 7.38x (Enterprise Value 739.1m / FCF TTM 100.2m)
FCF Yield = 13.56% (FCF TTM 100.2m / Enterprise Value 739.1m)
FCF Margin = 14.99% (FCF TTM 100.2m / Revenue TTM 668.5m)
Net Margin = 7.81% (Net Income TTM 52.2m / Revenue TTM 668.5m)
Gross Margin = 75.62% ((Revenue TTM 668.5m - Cost of Revenue TTM 163.0m) / Revenue TTM)
Gross Margin QoQ = none% (prev 12.79%)
Tobins Q-Ratio = 0.63 (Enterprise Value 739.1m / Total Assets 1.18b)
Interest Expense / Debt = 6.68% (Interest Expense 26.0m / Debt 389.4m)
Taxrate = 19.31% (12.5m / 64.7m)
NOPAT = 76.3m (EBIT 94.6m * (1 - 19.31%))
Current Ratio = 0.25 (Total Current Assets 140.4m / Total Current Liabilities 551.2m)
Debt / Equity = 1.57 (Debt 389.4m / totalStockholderEquity, last quarter 247.9m)
Debt / EBITDA = 2.10 (Net Debt 302.1m / EBITDA 144.2m)
Debt / FCF = 3.02 (Net Debt 302.1m / FCF TTM 100.2m)
Total Stockholder Equity = 249.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.46% (Net Income 52.2m / Total Assets 1.18b)
RoE = 20.92% (Net Income TTM 52.2m / Total Stockholder Equity 249.6m)
RoCE = 15.30% (EBIT 94.6m / Capital Employed (Equity 249.6m + L.T.Debt 368.7m))
RoIC = 12.73% (NOPAT 76.3m / Invested Capital 599.4m)
WACC = 7.21% (E(437.0m)/V(826.4m) * Re(8.83%) + D(389.4m)/V(826.4m) * Rd(6.68%) * (1-Tc(0.19)))
Discount Rate = 8.83% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -49.44 | Cagr: -4.91%
[DCF] Terminal Value 76.77% ; FCFF base≈96.2m ; Y1≈105.4m ; Y5≈132.9m
[DCF] Fair Price = 16.53 (EV 2.03b - Net Debt 302.1m = Equity 1.73b / Shares 104.6m; r=8.35% [WACC [floored]]; 5y FCF grow 11.01% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 91.07 | Revenue CAGR: 4.55% | SUE: -1.22 | # QB: -1
EPS current Year (2027-03-31): EPS=0.29 | Chg30d=+3.45% | Revisions=+20% | GrowthEPS=-54.3% | GrowthRev=+5.5%
EPS next Year (2028-03-31): EPS=0.29 | Chg30d=-1.69% | Revisions=N/A | GrowthEPS=-0.9% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: +20%