Emerging Companies Portfolio – Amendments
We are making several changes to the Emerging Companies Portfolio.
Helloworld Travel Ltd (HLO)
HLO $1.32
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 1.32
- Change
- ▼ -0.05 (-3.31)
- Bid / Ask
- 1.32 - 1.33
- Volume
- 337,912
- Turnover
- 447,637
- Open
- 1.36
- Day Range
- 1.31 - 1.36
- VWAP
- 1.32
- Prev Close
- 1.36
- Last Trade
- 04/11 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Consumer Cyclical
- Shares Issued
- 163,680,166
- NTA/Share
- -0.11
- Last Dividend
- 0.05
- Dividend Ex Date
- 1 SEP 2026
- Dividend Pay Date
- 16 SEP 2026
Current (AUD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 201.77
- EBITDA
- 26.88
- Profit
- 1.03
- Earnings Per Share (EPS)
- 0.01
- Dividend Per Share (DPS)
- 0.11
- Yield %
- 7.46
- Market Cap
- 246.05
- Price to Earnings Ratio (P/E)
- 160.37
Estimates (AUD)
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
No consensus estimates are available for this company.
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Undervalued
- Economic Moat
- None
- Financial Health
- Strong
- Uncertainty
- High
Morningstar Quantitative Rating as of 30 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 1.41 Fair value 2.08 One-star price 3.07
Morningstar Quantitative Rating as of 30 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 2.08
- Price / Fair Value
- 0.64
- Valuation
- Undervalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 30 OCT 2026. The slider runs from the five-star price (1.41) to the one-star price (3.07).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 1.34 |
| Price - 12 month high | 2.07 |
| Price - 12 month low | 1.32 |
| Pricing date | 29 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 0.27 |
| Market capitalization | 219.33 |
| 12 Month High price date | 4 FEB 2026 |
| 12 Month Low price date | 26 OCT 2026 |
| Volume - avg. trading volume for the last 3 months | 0.17 |
| Price - 1 Day % Change | -0.74% |
| Price - 13 week price percent change | -12.99% |
| Price - 26 week price percent change | -6.62% |
| Price - 5 Day % Change | -2.19% |
| Price - 52 week price percent change | -29.29% |
| Price - YTD price percent change | -26.58% |
| Price % Change Month To Date | -0.74% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 0.008 |
| EPS excluding extraordinary items - trailing 12 month | 0.008 |
| EPS Normalized - most recent fiscal year | 0.185 |
| Revenue/share - most recent fiscal year | 1.234 |
| Revenue/share - trailing 12 month | 1.234 |
| Book value per share - most recent fiscal year | 1.945 |
| Book value per share - most recent half-year | 1.945 |
| Book value (tangible) per share - most recent fiscal year | -0.107 |
| Book value (tangible) per share - most recent half-year | -0.107 |
| Cash per share - most recent fiscal year | 0.518 |
| Cash per share - most recent half-year | 0.518 |
| Cash Flow per share - most recent fiscal year | 0.130 |
| Cash Flow per share - trailing 12 month | 0.130 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.100 |
| EBITD per share - trailing 12 month | 0.164 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.008 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.008 |
| EPS including extraordinary items - most recent fiscal year | 0.006 |
| EPS including extraordinary items - trailing 12 month | 0.006 |
| Free Cash Flow per share - trailing 12 month | 0.106 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 163.41 |
| P/E Normalized, most recent fiscal year | 7.24 |
| Price to sales - most recent fiscal year | 1.09 |
| Price to Tangible Book - most fiscal year | — |
| Price to Free Cash Flow per Share - most recent fiscal year | 12.69 |
| Price to Cash Flow per share - trailing 12 month | 10.32 |
| Price to Book - most recent fiscal year | 0.69 |
| P/E excluding extraordinary items high, trailing 12 months | 193.90 |
| P/E excluding extraordinary items low, trailing 12 months | 4.23 |
| Net Debt, LFI | -83.64 |
| Net Debt, LFY | -72.65 |
| Dividend Yield - 5 Year Average | 5.28% |
| Dividend Yield - indicated annual dividend divided by closing price | 7.43% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 7.46% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 17.27 |
| LT debt/equity - most recent fiscal year | 12.31% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 13.88% |
| LT debt/equity - most recent half-year | 10.96% |
| Total debt/total equity - most recent half-year | 12.17% |
| Free Cash Flow - trailing 12 month | 17.27 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 201.77 |
| Revenue - trailing 12 month | 201.77 |
| EBITD - most recent fiscal year | 26.88 |
| EBITD - trailing 12 month | 26.88 |
| Earnings before taxes - most recent fiscal year | 10.20 |
| Earnings before taxes - trailing 12 month | 10.20 |
| Net Income available to common - most recent fiscal year | 1.03 |
| Net Income available to common - trailing 12 months | 1.03 |
| Earnings before taxes Normalized - most recent fiscal year | 44.53 |
| Net Income Available to Common, Normalized - most recent fiscal year | 30.22 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.19 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 0.67% |
| Net Profit Margin % - trailing 12 month | 0.67% |
| Operating margin - 1st historical fiscal year | 11.35% |
| Operating margin - trailing 12 month | 11.35% |
| Pretax margin - trailing 12 month | 5.05% |
| Pretax margin - 1st historical fiscal year | 5.05% |
| Operating Margin - 5 year average | 31.46% |
| Pretax Margin - 5 year average | 53.25% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 28.65% |
| Free Operating Cash Flow/Revenue, TTM | 8.56% |
| Net Profit Margin - 5 year average | 39.65% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 0.23% |
| Return on average assets - trailing 12 month | 0.23% |
| Return on average equity - most recent fiscal year | 0.40% |
| Return on average equity - trailing 12 month | 0.40% |
| Return on average assets - 5 year average | 1.99% |
| Return on average equity - 5 year average | 2.94% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 24.26% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | -2.86% |
| Revenue/share (5 yr growth) | 22.47% |
| Growth rate% - Revenue, 3 year | 67.54% |
| Growth rate% - EPS, 3 year | -61.68% |
| Book value per share growth rate, 5 year | 5.61% |
| Capital Spending growth rate, 5 year | -15.50% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
No consensus estimates are available for this company.
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Helloworld Travel (HLO) $1.98
We like the concept of exposure to travel agencies, which will benefit from an ageing demographic with more disposable income who shop less online. Shawn still books all his holidays through a travel consultant!
Helloworld Travel Ltd (HLO) $2.29
Last week, we increased our holding in HLO from 3% to 4% in our Emerging Companies Portfolio, as we like the business growth profile moving forward. They’re exposed to the area of the market (travel agencies) that will benefit from an ageing demographic with more disposable income.
Emerging Companies Portfolio – Amendments
We are making several changes to the Emerging Companies Portfolio Today
Helloworld Travel Ltd (HLO) $2.29
Last month, we added HLO to our Emerging Companies Portfolio around current prices, following plans laid out when we covered HLO over recent months. For subscribers unfamiliar with HLO, it's a $370mn travel business born in 2017, comprising of legacy brands Harvey World Travel, Travelscene, Jetset, and Travelworld.
Emerging Companies Portfolio – Amendments
We are making several changes to the Emerging Companies Portfolio today, repositioning towards stocks we believe offer a better mix of quality and leverage to the themes we remain confident in
Helloworld Travel (HLO) $2.46
HLO is a major player in Australian travel, though it doesn’t get the airtime of larger rival Flight Centre (FLT) and digitally focussed Webjet (WEB). Launched in 2013 after the consolidation of legacy brands Harvey World Travel, Travelscene, Jetset and Travelworld followed by merger with AOT in 2016, Helloworld Travel was born in 2017. It’s a $400m business, now growing earnings strongly and is priced at a material discount to the other more well-recognised brands.
Helloworld Travel (HLO) $2.95
HLO +9.67%: shares in the travel booking company rallied to 18-month highs today on the back of a strong 3Q and an upgrade to guidance. Underlying EBITDA guidance was lifted ~30% to $38-42m for the full year with strong demand for both domestic and international travel supporting earnings.
Helloworld Travel Ltd (HLO) $2.69
A smaller/interesting opportunity in the travel sector is integrated travel agency business Helloworld (HLO) with a market capitalisation under $500m. This company operates a franchised network of travel agents while it is also involved in wholesale operations, trading on a steep discount to the other more established players.
Action
Updated
05/03/2025
11:08
HLO
Updated 05/03/2025 11:08
MM are selling HLO in the Emerging Companies Portfolio, taking a small loss around $2.02
Updated
15/11/2024
09:09
HLO
Updated 15/11/2024 09:09
MM is long and bullish towards HLO
Updated
15/10/2024
17:12
HLO
Updated 15/10/2024 17:12
MM is long and bullish towards HLO
Updated
10/10/2024
10:17
HLO
Updated 10/10/2024 10:17
MM are adding to HLO in the Emerging Companies Portfolio, targeting a 4% portfolio weight around $1.90
Updated
27/08/2024
17:49
HLO
Updated 27/08/2024 17:49
MM is long and bullish towards HLO
Updated
26/07/2024
15:20
HLO
Updated 26/07/2024 15:20
MM are buying HLO in the Emerging Companies Portfolio, allocating 3% around $2.28
Updated
18/07/2024
11:06
HLO
Updated 18/07/2024 11:06
MM is bullish towards HLO
Updated
17/07/2024
09:07
HLO
Updated 17/07/2024 09:07
MM is bullish HLO ~$2.50
Updated
27/04/2023
16:58
HLO
Updated 27/04/2023 16:58
MM is bullish HLO
Updated
27/04/2023
14:37
HLO
Updated 27/04/2023 14:37
MM is bullish HLO into pullbacks ~$2.50
Business Summary
Helloworld Travel Ltd is an Australian-based travel distribution company engaged in the selling of international and domestic travel products and services, the operation of retail distribution networks of travel agents and brokers, and coach operations. The company has four reportable segments: Travel Operations Australia, Travel Operations New Zealand, Travel Operations Rest of World, Transport Logistics, and Warehousing. The company generates the majority of its revenue from Travel Operations Australia. The company generates revenue from Commissions, transactions, and service fees, Marketing-related activities, Freight revenue, and Other revenue.
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