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1. Company Snapshot

1.a. Company Description

eDreams ODIGEO S.A., together with its subsidiaries, operates as an online travel company in Europe.The company offers its online travel agency services under the eDreams, Go Voyages, Opodo, Travellink, and Liligo brands.It also provides marketing, admin and IT consulting, and metasearch services, as well as offers online advertising campaigns.


Its customers access the deals in regular flights, low-cost airlines, hotels, car rental, dynamic packages, holiday packages, and travel insurance.eDreams ODIGEO S.A. was incorporated in 2011 and is based in Madrid, Spain.

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1.b. Last Insights on EDR

Recent positive drivers behind eDreams ODIGEO's performance include the company's achievement of record profitability with 70% quarterly profit growth, driven by robust subscriber expansion. Additionally, its Prime subscription program has surpassed 7 million members, marking a significant milestone. This strong expansion demonstrates the company's ability to attract and retain customers, leading to increased revenue and profitability.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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eDreams ODIGEO Confirms Guidance to Deliver +29% Growth in FY26 Adjusted EBITDA as It Sets to Accelerate Long-Term Value Creation

Nov -25

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Looking at the Narrative for eDreams ODIGEO After Fair Value and Risk Reset

Nov -23

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eDreams ODIGEO (BME:EDR): Assessing Valuation After Lowered Growth Outlook and Prime Subscriber Slowdown

Nov -22

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eDreams ODIGEO (BME:EDR) Rallies on Surging Profitability After Half-Year Results Are Released

Nov -20

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European Market's Hidden Value: 3 Stocks Trading Below Estimated Worth

Nov -18

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3 European Stocks Estimated To Be Undervalued By Up To 47.6%

Nov -18

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3 European Stocks Estimated To Be Up To 42.9% Below Intrinsic Value

Nov -17

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November 2025's European Stocks That May Be Trading Below Estimated Value

Nov -17

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.66%)

6. Segments

Top 6

Expected Growth: 15%

eDreams ODIGEO S.A.'s 15% growth driven by increasing online travel bookings, strong mobile adoption, and expanding presence in Latin America and Asia. Additionally, the company's focus on cost leadership, investment in technology, and strategic partnerships contribute to its growth momentum.

Rest of the World

Expected Growth: 10%

The 10% growth in Rest of the World segment for eDreams ODIGEO S.A. is driven by increasing online travel adoption, rising middle-class disposable income, and government initiatives to promote tourism. Additionally, the company's strategic partnerships and investments in emerging markets, such as Latin America and Asia, are contributing to the growth.

7. Detailed Products

Flight Tickets

eDreams ODIGEO S.A. offers a wide range of flight tickets from various airlines, allowing customers to book and compare prices for their desired routes.

Hotel Bookings

The company provides a vast selection of hotels worldwide, enabling customers to book accommodations that suit their needs and budget.

Package Holidays

eDreams ODIGEO S.A. offers bundled packages that include flights and accommodations, making it convenient for customers to plan their trips.

Car Rentals

The company partners with car rental companies to offer a range of vehicles for customers to rent during their trips.

Travel Insurance

eDreams ODIGEO S.A. provides travel insurance options to protect customers against unforeseen events such as trip cancellations or medical emergencies.

Dynamic Packages

The company's dynamic packaging technology allows customers to customize their trips by combining flights, hotels, and car rentals in a single booking.

8. eDreams ODIGEO S.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

eDreams ODIGEO S.A. operates in a highly competitive market, but its strong brand recognition and customer loyalty programs help to mitigate the threat of substitutes.

Bargaining Power Of Customers

Customers have a high bargaining power due to the availability of alternative travel booking platforms and the ease of switching between them.

Bargaining Power Of Suppliers

eDreams ODIGEO S.A. has a strong negotiating position with its suppliers, including airlines, hotels, and other travel service providers, due to its large customer base and significant market share.

Threat Of New Entrants

While there are barriers to entry in the online travel agency market, new entrants can still disrupt the market with innovative business models or technologies, posing a moderate threat to eDreams ODIGEO S.A.

Intensity Of Rivalry

The online travel agency market is highly competitive, with many established players and new entrants vying for market share, leading to a high intensity of rivalry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 62.01%
Debt Cost 5.36%
Equity Weight 37.99%
Equity Cost 15.35%
WACC 9.15%
Leverage 163.22%

11. Quality Control: eDreams ODIGEO S.A. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Voyageurs du Monde

A-Score: 5.7/10

Value: 5.0

Growth: 8.6

Quality: 5.7

Yield: 2.5

Momentum: 6.5

Volatility: 6.0

1-Year Total Return ->

Stock-Card
eDreams ODIGEO

A-Score: 4.9/10

Value: 5.4

Growth: 6.3

Quality: 6.1

Yield: 0.0

Momentum: 7.0

Volatility: 4.3

1-Year Total Return ->

Stock-Card
On the Beach

A-Score: 4.9/10

Value: 4.4

Growth: 6.2

Quality: 7.6

Yield: 1.2

Momentum: 8.0

Volatility: 1.7

1-Year Total Return ->

Stock-Card
Lastminute

A-Score: 4.6/10

Value: 7.0

Growth: 6.1

Quality: 6.3

Yield: 3.1

Momentum: 2.5

Volatility: 2.7

1-Year Total Return ->

Stock-Card
Trainline

A-Score: 4.4/10

Value: 4.6

Growth: 7.9

Quality: 8.1

Yield: 0.0

Momentum: 2.5

Volatility: 3.3

1-Year Total Return ->

Stock-Card
Hostelworld

A-Score: 3.7/10

Value: 4.0

Growth: 5.1

Quality: 7.4

Yield: 0.6

Momentum: 3.0

Volatility: 2.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

3.82$

Current Price

3.82$

Potential

-0.00%

Expected Cash-Flows