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Hbx Group International Plc
(BME:HBX)
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Rating:54Neutral
Price Target:
€8.00
▲(7.82% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak financial quality—profitability pressure, declining margins, and high leverage—despite strong top-line growth and still-positive operating cash flow. Technicals are supportive with an uptrend and positive momentum, and valuation looks reasonable on a low P/E, but these are not enough to outweigh the financial risks.
Positive Factors
Revenue Growth
A 125.7% year-on-year revenue increase demonstrates the company can scale sales and capture demand. Durable top-line expansion provides a larger base for operating leverage, investment in distribution or product improvements, and long-term market share gains if margins and execution improve.
Negative Factors
Weak Profitability
Persistent negative net margins and falling gross and operating margins suggest the company struggles to convert sales into sustainable profits. Over the medium term this weakens retained earnings, limits reinvestment, and increases sensitivity to revenue shocks or cost inflation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 125.7% year-on-year revenue increase demonstrates the company can scale sales and capture demand. Durable top-line expansion provides a larger base for operating leverage, investment in distribution or product improvements, and long-term market share gains if margins and execution improve.
Read all positive factors
Hbx Group International Plc (HBX) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€1.80B
Dividend Yield1.02%
Average Volume (3M)288.86K
Price to Earnings (P/E)9.9
Beta (1Y)1.27
Revenue GrowthN/A
EPS GrowthN/A
CountryES
Employees3,478
SectorGeneral
Sector StrengthN/A
IndustryTravel Services
Share Statistics
EPS (TTM)0.75
Shares Outstanding242,280,090
10 Day Avg. Volume313,654
30 Day Avg. Volume288,855
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)2.25
Price to Sales (P/S)2.47
P/FCF Ratio65.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€10.13Price Target Upside36.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.88
Revenue Forecast (FY)€701.94M
Hbx Group International Plc Business Overview & Revenue Model
Company Description
HBX Group International PLC functions as a business-to-business (B2B) travel technology enterprise. It offers a sophisticated cloud-powered digital platform, facilitating access to a diverse array of travel offerings and services for wholesalers, ...
How the Company Makes Money
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Hbx Group International Plc Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
40
Negative
Cash Flow
50
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 710.00M | 720.00M | 743.00M | 696.00M | 461.00M |
| Gross Profit | 359.00M | 186.00M | 685.00M | 633.00M | 403.00M |
| EBITDA | 408.00M | 191.00M | 359.00M | 311.00M | 135.00M |
| Net Income | 186.00M | -69.00M | -24.00M | -75.00M | -192.00M |
Balance Sheet | |||||
| Total Assets | 3.45B | 3.58B | 3.29B | 3.45B | 3.33B |
| Cash, Cash Equivalents and Short-Term Investments | 633.00M | 820.00M | 540.00M | 690.00M | 539.00M |
| Total Debt | 1.25B | 1.22B | 1.18B | 3.07B | 3.07B |
| Total Liabilities | 2.63B | 2.78B | 2.66B | 4.80B | 4.59B |
| Stockholders Equity | 820.00M | 790.00M | 632.00M | -1.35B | -1.26B |
Cash Flow | |||||
| Free Cash Flow | 357.00M | 27.00M | 407.00M | 423.00M | 370.00M |
| Operating Cash Flow | 360.00M | 30.00M | 449.00M | 461.00M | 396.00M |
| Investing Cash Flow | -44.00M | -46.00M | -45.00M | -29.00M | -24.00M |
| Financing Cash Flow | -2.00M | 155.00M | -396.00M | -258.00M | -358.00M |
Hbx Group International Plc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €23.24B | 19.07 | 27.13% | 2.74% | 3.82% | 0.13% | |
70 Outperform | €557.91M | 14.03 | 15.68% | ― | -3.28% | -31.40% | |
61 Neutral | €2.22B | 25.46 | 8.72% | 1.40% | 4.72% | -49.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €1.80B | 9.92 | 23.11% | 1.02% | ― | ― |
* General Sector Average
ES:HBX
Hbx Group International Plc
7.32
-0.54
-6.87%
ES:AMS
Amadeus IT Group S.A
56.26
-11.27
-16.69%
ES:EDR
EDreams ODIGEO
5.11
-2.94
-36.52%
ES:MEL
MELIA HOTELS INTERNATIONAL
10.07
2.19
27.86%
ES:BYTE
Bytetravel, S.A.
3.92
-1.98
-33.56%
ES:SCGV
Grandvoyage Travel SA
2.56
-1.20
-31.91%
Hbx Group International Plc Corporate Events
HBX Group Reports Modest Activity in Ongoing Share Buyback Programme
Aug 4, 2026
HBX Group International plc has continued executing its previously announced share buyback programme, designed to reward shareholders with up to €100 million through repurchases of its own shares under European securities regulations. This i...
HBX Group Sets Leadership Transition as CEO Nicolas Huss to Step Down
Jul 30, 2026
HBX Group International plc has announced a planned leadership transition, with Chief Executive Officer and board member Nicolas Huss set to retire on 30 September 2026 after steering the travel technology company through a period of post-pandemic...
HBX Group Delivers Strong TTV Growth, Launches Capital Returns and CEO Transition
Jul 30, 2026
HBX Group reported third‑quarter Total Transaction Value of 2,400 million euros, up 12%, while revenue slipped 3% year‑on‑year at constant currency, reflecting resilient leisure travel demand, selective commercial actions and a g...
HBX Group Details July Transactions in €100m Share Buyback Programme
Jul 29, 2026
HBX Group International plc has provided an update on its ongoing share buyback programme, which aims to return up to €100 million to shareholders in line with Spanish securities law and EU regulations governing market transactions.Between 2...
HBX Group Continues Share Buybacks on Madrid Exchange
Jul 21, 2026
HBX Group International plc has provided an update on its ongoing share buyback programme, which is aimed at rewarding shareholders with up to €100 million. The company reported that, between 13 and 17 July 2026, it continued to repurchase i...
HBX Group Details July Transactions Under €100 Million Share Buyback
Jul 21, 2026
HBX Group International plc has provided an update on its ongoing share buyback programme, which is designed to reward shareholders with up to €100 million. Between 13 July and 17 July 2026, the company repurchased a limited number of its ow...
HBX Group International Reports July Share Buybacks on XMAD
Jul 21, 2026
HBX Group International plc has continued executing its share buyback programme designed to return up to €100 million to shareholders, reporting purchases of its own shares on the Spanish exchange between 14 and 17 July 2026. The transaction...
HBX Group Reports July Transactions Under €100 Million Share Buyback
Jul 14, 2026
HBX Group International plc has continued executing its share buyback programme aimed at returning up to €100 million to shareholders, reporting purchases of its own shares between 6 and 10 July 2026. Over this period the company acquired a ...
HBX Group Continues Share Buyback, Repurchasing 263,469 Shares on XMAD
Jul 7, 2026
HBX Group International plc, a listed financial markets participant, uses regulated share repurchase programmes to manage its capital structure and deliver returns to its investors. Its shares trade on the Spanish market venue XMAD, placing the gr...
HBX Group Continues Share Buyback with €6.7–€7 Purchases
Jun 30, 2026
HBX Group International plc has continued executing its previously announced share buyback programme of up to €100 million, purchasing its own shares on the Madrid Stock Exchange between 22 and 26 June 2026. Over this period, the company bou...
HBX Group Sets Date for Q3 2026 Business Performance Update
Jun 30, 2026
HBX Group International Plc, a Spanish-listed global B2B travel technology provider, operates well-known brands such as Hotelbeds and Bedsonline across more than 170 countries. Its cloud-based platform and data-driven solutions connect a wide rang...
HBX Group Advances €100 Million Share Buy-back with June Purchases
Jun 23, 2026
HBX Group International plc continued executing its share buy-back programme aimed at returning up to €100 million to shareholders, purchasing its own shares on the Madrid stock exchange between 15 and 19 June 2026. During this period, the c...
HBX Group Steps Up Share Buybacks on Madrid Market
Jun 16, 2026
HBX Group International plc has continued executing its share buyback programme of up to €100 million aimed at rewarding shareholders and optimising its capital structure. The company reported purchases of its own shares on the Madrid exchan...
HBX Group Continues €100 Million Share Buyback on Madrid Exchange
Jun 9, 2026
HBX Group International plc has continued to execute its previously announced share buyback programme of up to €100 million aimed at rewarding shareholders and optimising its capital structure. Between 1 and 5 June 2026, the company repurcha...
HBX Group Continues €100 Million Share Buyback on Spanish Market
May 6, 2026
HBX Group International plc continued executing its share buyback programme aimed at remunerating shareholders up to €100 million, repurchasing its own shares on the Spanish market between 27 and 30 April 2026. Over this period, the company ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.