Amongst others, Mr. Kadaba is how are debenture bonds placed on the balance sheetly serving as a Board Member of Big Tree (bookmyshow.com),yatra.comand HomeShop18. Murlidhara Kadaba is the CMD of Moonbeam Capital, a Proprietary VC Firm focused on luxury, UHNI, Real Estate and e-com Ventures. Murli has over 25 years of banking experience, with proven expertise in general management, marketing and product development across consumer banking, wealth management, consumer lending and payment products. Before becoming an entrepreneur, he served as the Group President and CEO of Financial Services in Reliance. Independent Director and Chairman, Audit Committee on Star Health and Allied Insurance Limited, India’s largest health insurance company. Sign Up NowGet this delivered to your inbox, and more info about our products and services.
Yatra gains 3% after MAK Capital One discloses 19.4% stake.
Posted: Mon, 04 Jul 2022 07:00:00 GMT [source]
https://1investing.in/ India will not be able to raise additional capital without the approval of Yatra Online’s shareholders if as a result of that capital raise Yatra India would be deconsolidated from Yatra Online. In addition to raising capital, the IPO of Yatra India provides currency for future equity funded acquisitions in India. Any potential transactions, following the IPO in India, will require approval from Yatra Online and Yatra India shareholders. Further, it will enable the consolidated company to raise capital at a potentially higher valuation, thereby reducing balance sheet risk while seeking to minimize the dilutive impact and improve liquidity. Following the IPO of Yatra India in India, shares of Yatra Online in the U.S. will continue to trade on Nasdaq under the stock symbol YTRA.
While some loss-making fintech companies, such as Paytm , have done poorly after the IPO, many of the companies that went IPO in late 2021, such as Policy Bazaar and Nykaa, are holding their high valuation. The IPO market in India remains hot in 2022 despite some decline in appetite due to the Fed interest rate rise and the war in Ukraine. IPO of subsidiary along with recovering revenue make YTRA stock very attractive at current levels.
The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success.
The recovery of corporate and consumer travel after the pandemic portends well for increasing revenue to pre-pandemic levels for Yatra. While the size of the IPO is known, the valuation of the subsidiary will be known close to the listing of the IPO. Typically, companies offer anywhere from 10% to 20% of the shares in such offerings. This puts the valuation of the subsidiary between $500m and $1B, which is substantially higher than the current valuation of the parent.
The dark blue line represents the company’s actual earnings per share. The light blue area represents the range of Wall Street analysts’ earnings estimates for each quarter. The price-earnings ratio is a company’s share price to the company’s Earnings per Share.
As a comparison, EaseMyTrip is another OTA with similar revenues as Yatra. This makes Yatra the world’s 6397th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure how much a company is worth. More importantly, the pending IPO of its India subsidiary at valuations that could potentially be many folds of the parent company’s valuation offers an excellent opportunity. If the IPO goes through as planned in Q3 of 2022, Yatra shares at current prices could provide significant returns in a relatively short timeframe. Assuming that the IPO is successful, it is still possible that the valuation of the subsidiary may not be fully reflected or only partially reflected on the stock price of the parent Yatra Online.
The company is scheduled to release its next quarterly earnings announcement on Friday, June 2nd 2023. Yatra Online’s stock was trading at $2.41 on January 1st, 2023. Since then, YTRA stock has decreased by 11.6% and is now trading at $2.13. According to analysts’ consensus price target of $4.00, Yatra Online has a forecasted upside of 88.7% from its current price of $2.12. Additionally, YTRA stated that it will release its financial results for the second quarter ending September 30, 2022, prior to the opening of the New York Stock Exchange on Tuesday, November 29, 2022.
Yatra Online’s earnings are expected to grow from ($0.05) per share to $0.08 per share in the next year. Enter your email address below to receive the latest news and earnings results for YTRA and its competitors with MarketBeat’s FREE daily newsletter. Company logos are from the CompaniesLogo.com logo database and belong to their respective copyright holders. Companies Marketcap displays them for editorial purposes only. For US and Canadian Stocks, the Overview page includes key statistics on the stock’s fundamentals, with a link to see more.
That means your assets are protected up to $500,000 in value, including $250,000 in any cash awaiting reinvestment. The average analyst rating for YTRA stock from 7 stock analysts is “Buy”. This means that analysts believe this stock is likely to outperform the market over the next twelve months. According to 7 stock analysts, the average 12-month stock price forecast for YTRA stock is $3.68, which predicts an increase of 70.37%. The chart below shows up to four years of a company’s earnings history.
No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Both Yatra Online and Yatra India will file financial reports and related disclosures in accordance with the regulatory requirements imposed in both India and the U.S. Due to the variations in these regulatory requirements, financial disclosures in India may look different than in the U.S.
This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
Represents the company’s profit divided by the outstanding shares of its common stock. Rohan Mittal was recently named as group chief financial officer of Yatra Online . With more than 20 years of expertise in finance, accounting, and mergers and acquisitions, Mr. Mittal joined YTRA in September. The new YTRA CFO brought a wealth of knowledge and sound judgment, and she will be a key player in helping to position YTRA as a pioneer in the business and leisure travel sectors. Mr. Mittal oversees the financial and accounting divisions of Yatra Online and is directly answerable to Dhruv Shringi, the company’s CEO.
This Stock is Acting Like Crypto, Pumps 200%.
Posted: Sat, 19 Nov 2022 08:00:00 GMT [source]
The press release will be available on YTRA’s website under Investor Relations. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.
For Sep-Dec 2021 quarter (Q3 FY-22), Yatra reported revenues of $14m, representing an increase of 32.5% QoQ and 72% YoY. It is the highest revenue for Yatra after the pandemic started. Yatra has been working on a new freight forwarding and logistics platform for the past two years. The profits for the quarter would have been much higher if the spending on this development effort was not included. The logistics platform is expected to start generating modest revenue this year. Yatra expects revenue from the logistics platform to meet or even exceed the revenue from its OTA platform in the coming years.