Added to YB: 2026-04-21
Pitch date: 2026-04-17
OTB.L [bullish]
On the Beach Group plc
-2.05%
current return
Author Info
No bio for this author
Company Info
On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.
Market Cap
GBP 273.9M
Pitch Price
GBP 1.85
Price Target
N/A
Dividend
2.12%
EV/EBITDA
6.45
P/E
12.52
EV/Sales
1.52
Sector
Hotels, Restaurants and Leisure
Category
value
On The Beach Group (LSE: OTB) A Hormuz-Discounted Online Travel Compounder at an All-Time Low Multiple
OTB.L: UK online beach holiday leader at 160p (Covid/IPO lows) despite 4 consecutive record yrs, triple addressable market via Ryanair deal, net cash £91.7M. FY25: £1.25B TTV (+11%), £35M adj PBT (+20%), 19p EPS (+45%), 33.2% EBITDA margin. Trades 8-11x PE, 3.5x EV/EBITDA on Iran/Hormuz shock (suspended FY26 guide). Mgmt targets £85M PBT by FY29 (3x). Asset-light, founder-associated, 4p div + buybacks. 44% 3yr IRR to 21x PE target.
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