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⚠️ Not investment advice. Past performance does not guarantee future results.
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HBX Group International HBX.MC

United KingdomConsumer Cyclical · Travel ServicesBolsa de Madrid (BME) · EUR
6.6AI score
Rank 450 of 2,130
better than 77% of companies
7.52EUR
▲ 9.8% in one year
HBX.MC MSCI World +22.1%
Average analyst target
11.90 EUR (+58.2%)
13 analysts
52-wk low 5.62High 8.84
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

HBX Group International is a B2B travel technology and services provider that connects hotels, airlines, and other suppliers with travel agencies and distribution platforms globally.

Listed on Bolsa de Madrid (BME) · Symbol HBX.MC · BME: HBX · Currency EUR

Key points

from its scores
  • ✓Attractive valuation9.2
  • ✓High-quality business7.7
  • ✓Very solid balance sheet7.1
  • ✕Weak growth3.2
  • ✕Little or no dividend3.5

AI analysis

bottom line, main risk, context and news
Bottom line

The valuation is attractive but the current business contraction warrants caution.

HBX Group trades at a P/E of 7.92 and a FCF yield of 15.18%, reflecting a very attractive valuation, supported by an operating margin of 36.25% and an ROE of 24.54%. However, revenue growth is negative (-3.10%), suggesting the market is discounting a potential business contraction. Financial health is solid (Net Debt/EBITDA of 1.67) and the quality of the moat is high, but the lack of growth is the main drag.

⚠ Main risk

The main risk is the revenue contraction (-3.10%), which could indicate a loss of competitiveness or a structural slowdown in the B2B travel sector, not captured by the current strong margins.

Context and risks

HBX Group International is a B2B travel technology and services provider headquartered in the United Kingdom. Its business has no direct exposure to commodities, interest rates, or conflict-affected shipping routes. The current macro context (rising rates, strong dollar, Hormuz tensions) does not materially and demonstrably affect its core activity, so no context risk adjustment is applied.

Is HBX Group International stock cheap or expensive?

at the analysis date
Cheaper than its sector

On P/E and EV / EBITDA, it trades 48% below the Consumer Cyclical median on average.

MultipleCompanySectorDifference
P/E7.917.8−56%
EV / EBITDA6.711.2−40%
Price / book2.32.9−22%
Price / sales2.61.3+103%

Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.

Valuation score: 9.2 out of 10 (median for Consumer Cyclical: 6.6).

Average analyst target: 11.90 EUR, +58.2% versus the price.

A discount may reflect more risk or slower growth than its sector: Financial health 7.1 (sector 5.7), Growth 3.2 (sector 5.9).

Indicative fair value · EUR
Graham24.41▲ +225% vs price
Cash flow (DCF)24.71▲ +229% vs price
Dividends5.25▼ −30% vs price
Price7.52at the analysis date

Classic formulas with standard assumptions (8.6% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy HBX.MCCheapest · Spain (BME) · sample 200.00 € orderCheapest · Spain (BME) · sample 200.00 € orderAvailable in your country · Spain (BME) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiGood7.1Consumer Cyclical median: 5.7
Quality / MoatiGood7.7Consumer Cyclical median: 5.7
ValuationiExcellent9.2Consumer Cyclical median: 6.6
GrowthiPoor3.2Consumer Cyclical median: 5.9
DividendiWeak3.5Consumer Cyclical median: 4.5
MomentumiFair6.5Consumer Cyclical median: 5.5
Risk & ContextiFair5.0Consumer Cyclical median: 5.5
Consumer Cyclical median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Consumer Cyclical median
P/Ei
7.9
Consumer Cyclical: 17.8below
EV / EBITDAi
6.7
Consumer Cyclical: 11.2below
ROEi
24.5%
Consumer Cyclical: 16.0%above
Operating margini
36.2%
Consumer Cyclical: 10.5%above
Net debt / EBITDAi
1.67
Consumer Cyclical: 1.91below
Revenue growthi
−3.1%
Consumer Cyclical: +5.3%below

Valuation

P/E
7.9
Forward P/E
7.3
EV / EBITDA
6.7
Price / book
2.3
Price / sales
2.6
Market cap
1.8B EUR
Enterprise value
2.5B EUR

Profitability

ROE
24.5%
ROA
6.3%
ROIC (approx.)
12.5%
Gross margin
87.6%
Operating margin
36.2%
Net margin
26.2%
Free cash flow
275.0M EUR
FCF yield
15.2%
Cash conversion
75%

Solvency

Total debt
1.2B EUR
Net debt
616.0M EUR
Cash
633.0M EUR
EBITDA
368.0M EUR
Net debt / EBITDA
1.67
Debt / equity
152.13
Current ratio
0.97
Quick ratio
0.81

Growth

Revenue growth
−3.1%
EPS (TTM)
0.95 EUR
EPS (forward)
1.03 EUR

Dividend

Dividend yield
2.0%
Payout
0.0%

Risk and market

Analyst consensus
Strong buy (13)
Target price
11.90 EUR
52-week range
5.62 – 8.84

Compare it with its sector

All 228 in Consumer Cyclical →
See the full ranking with filters →

Keep browsing the ranking

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Frequently asked questions about HBX Group International

Is HBX Group International stock cheap or expensive?

On P/E and EV / EBITDA, it trades 48% below the Consumer Cyclical median on average. Valuation score: 9.2 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 11.90 EUR, +58.2% versus the price. This is not investment advice.

What score does HBX Group International get on MeridIAn Screener?

It scores 6.6 out of 10, rank 450 of 2,130 (better than 77% of the companies analysed). Its strongest category is Valuation (9.2) and its weakest, Growth (3.2). Analysis of 08/10/2026.

What is HBX Group International's P/E ratio?

Its P/E is 7.9: the share price equals 7.9 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 7.3.

How much is HBX Group International worth on the stock market?

Its market capitalisation is 1.8B EUR and its enterprise value, debt included, is 2.5B EUR.

How much debt does HBX Group International have?

Its net debt (debt minus cash) is 616.0M EUR. That is 1.67 times its EBITDA; the Consumer Cyclical median is 1.91.

Does HBX Group International pay a dividend?

Yes: its dividend yield is 1.99%.

How has HBX Group International stock performed over the last year?

It has risen 9.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 5.62 and 8.84 EUR. Past performance does not guarantee future results.

What do analysts think of HBX Group International?

13 analysts cover it; their average recommendation is “Strong buy” and their average target is 11.90 EUR (+58.2% versus the price). It is an estimate, not market data.