Added to YB: 2025-12-15
Pitch date: 2025-12-14
TZOO [bullish]
Travelzoo
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.
Market Cap
$73.4M
Pitch Price
N/A
Price Target
20.00
Dividend
N/A
EV/EBITDA
14.20
P/E
177.93
EV/Sales
0.84
Sector
Interactive Media and Services
Category
value
Left for dead US micro-cap
TZOO (new position): US travel deals micro-cap at ~5.5x '24 earnings, $80M mkt cap. Sub-model transition depresses GAAP (CAC expensed upfront, rev ratable) masking ~zero-day cash payback, ~3x LTV/CAC. YTD -65% tax-loss selling. Margins inflect 2026-27 (5%→18% op). PT $20 (180% up), 15x on $1.30 '27 EPS. Downside ~25% at 0.5x sales. Risks: churn, Bartel governance/related-party, macro.
Read full article (7 min)