Travelzoo (TZOO) 10-Year Financial Performance & Capital Metrics

TZOO • • Industrial / General

Communication ServicesAdvertising & MarketingSpecialized Digital Marketing ServicesPerformance Marketing Specialists

AboutTravelzoo, an Internet media company, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service. The company also operates the Travelzoo Network, a network of third-party Websites that list travel deals published by the company; and Local Deals and Getaway listings, which allow its members to purchase vouchers for deals from local businesses, such as spas, hotels, and restaurants. It serves airlines, hotels, cruise lines, vacations packagers, tour operators, destinations, car rental companies, travel agents, theater and performing arts groups, restaurants, spas, and activity companies. Travelzoo Inc. was founded in 1998 and is headquartered in New York, New York.Show more

Revenue $84M -0.7%
EBITDA $19M +11.1%
Net Income $14M +9.7%
EPS (Diluted) 1.06 +27.7%
Gross Margin 87.52% +0.5%
EBITDA Margin 23.13% +11.9%
Operating Margin 22.05% +19.6%
Net Margin 16.17% +10.4%
ROE 180.99% +77.4%
ROIC -
Debt/Equity 1.86 +114.5%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 126.0%
✓Strong 5Y profit CAGR of 26.7%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 24.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 14.1% through buybacks

✗Weaknesses

✗Weak momentum: RS Rating 9 (bottom 9%)
✗Trading more than 30% below 52-week high
✗Expensive at 18.0x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.13%

5Y-4.37%

3Y10.19%

TTM6.58%

Profit (Net Income) CAGR

10Y-1.85%

5Y26.7%

3Y146.01%

TTM-43.56%

EPS CAGR

10Y-0.37%

5Y24.81%

3Y146.12%

TTM-36.89%

ROCE

10Y Avg33.39%

5Y Avg22.38%

3Y Avg62.46%

Latest87.44%

Peer Comparison

Performance Marketing Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
QNSTQuinStreet, Inc.	828.01M	14.59	180.79	78.27%	0.96%	4.3%	10.01%	0.04
XNETXunlei Limited	470.86M	7.66	80.63	-11.16%	315.31%	79.34%	4.81%	0.09
SDMSmart Digital Group Limited Ordinary Shares	49.44M	1.85	28.91	121.8%	7.88%	30.89%		0.05
TZOOTravelzoo	66.47M	6.08	5.74	-0.68%	8.83%	180.99%	31.48%	1.86
HAOHaoxi Health Technology Limited	20.63M	1.50	1.42	71.88%	1.73%	8.43%		0.11
STFSStar Fashion Culture Holdings Limited	5.43M	0.12	0.13	57.6%	1.52%	0.51%	100%	0.24
BAOSBaosheng Media Group Holdings Limited	4.36M	2.84	-0.16	-32.3%	-18.58%	-193.72%		0.05
TNMGTNL Mediagene	97.49M	2.36	-0.68	35.31%	-175.29%	-156.3%		0.64

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	141.72M	128.55M	106.52M	111.32M	104.92M	53.6M	62.71M	70.6M	84.48M	83.9M
Revenue Growth %	-0%	-0.09%	-0.17%	0.05%	-0.06%	-0.49%	0.17%	0.13%	0.2%	-0.01%
Cost of Goods Sold+	18.82M	14.31M	12.91M	12.27M	11.44M	10.56M	11.39M	10M	10.93M	10.47M
COGS % of Revenue	0.13%	0.11%	0.12%	0.11%	0.11%	0.2%	0.18%	0.14%	0.13%	0.12%
Gross Profit+	122.89M	114.24M	93.61M	99.05M	93.49M	43.04M	51.32M	60.6M	73.54M	73.43M
Gross Margin %	0.87%	0.89%	0.88%	0.89%	0.89%	0.8%	0.82%	0.86%	0.87%	0.88%
Gross Profit Growth %	-0.01%	-0.07%	-0.18%	0.06%	-0.06%	-0.54%	0.19%	0.18%	0.21%	-0%
Operating Expenses+	115.75M	103.17M	89.07M	90.82M	76.45M	57.11M	52.64M	53.04M	57.97M	54.94M
OpEx % of Revenue	0.82%	0.8%	0.84%	0.82%	0.73%	1.07%	0.84%	0.75%	0.69%	0.65%
Selling, General & Admin	103.22M	93.73M	79.85M	81.82M	69.74M	51.11M	50.05M	50.98M	55.86M	52.53M
SG&A % of Revenue	0.73%	0.73%	0.75%	0.74%	0.66%	0.95%	0.8%	0.72%	0.66%	0.63%
Research & Development	12.53M	9.45M	9.22M	8.99M	6.71M	3.08M	2.59M	2.06M	2.11M	2.41M
R&D % of Revenue	0.09%	0.07%	0.09%	0.08%	0.06%	0.06%	0.04%	0.03%	0.03%	0.03%
Other Operating Expenses	0	-187K	173K	48K	0	2.92M	0	-15K	0	0
Operating Income+	7.15M	11.07M	4.54M	8.24M	17.04M	-14.07M	-1.31M	7.56M	15.57M	18.5M
Operating Margin %	0.05%	0.09%	0.04%	0.07%	0.16%	-0.26%	-0.02%	0.11%	0.18%	0.22%
Operating Income Growth %	-0.66%	0.55%	-0.59%	0.81%	1.07%	-1.83%	0.91%	6.76%	1.06%	0.19%
EBITDA+	9.93M	13.6M	6.62M	10.07M	18.2M	-11.87M	505K	9.75M	17.46M	19.41M
EBITDA Margin %	0.07%	0.11%	0.06%	0.09%	0.17%	-0.22%	0.01%	0.14%	0.21%	0.23%
EBITDA Growth %	-0.58%	0.37%	-0.51%	0.52%	0.81%	-1.65%	1.04%	18.3%	0.79%	0.11%
D&A (Non-Cash Add-back)	2.79M	2.53M	2.08M	1.83M	1.16M	2.21M	1.82M	2.19M	1.89M	907K
EBIT	3.82M	10.19M	4.54M	8.24M	17.04M	-11.15M	-1.31M	7.56M	15.57M	18.5M
Net Interest Income+	0	0	0	0	0	167K	0	0	0	0
Interest Income	0	0	0	0	0	167K	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	-1.24M	-187K	173K	48K	-42K	455K	4.01M	2.4M	1.54M	588K
Pretax Income+	5.9M	10.88M	4.72M	8.29M	17M	-13.62M	2.69M	9.96M	17.11M	19.09M
Pretax Margin %	0.04%	0.08%	0.04%	0.07%	0.16%	-0.25%	0.04%	0.14%	0.2%	0.23%
Income Tax+	-4.96M	4.25M	3.13M	3.63M	4.71M	-2.44M	1.78M	3.27M	5.11M	5.4M
Effective Tax Rate %	1.84%	0.61%	0.75%	0.56%	0.24%	0.99%	0.34%	0.67%	0.72%	0.71%
Net Income+	10.86M	6.63M	3.53M	4.66M	4.16M	-13.42M	911K	6.63M	12.37M	13.56M
Net Margin %	0.08%	0.05%	0.03%	0.04%	0.04%	-0.25%	0.01%	0.09%	0.15%	0.16%
Net Income Growth %	-0.34%	-0.39%	-0.47%	0.32%	-0.11%	-4.23%	1.07%	6.28%	0.86%	0.1%
Net Income (Continuing)	8.52M	6.01M	1.59M	4.66M	12.29M	-11.18M	915K	6.69M	12.01M	13.68M
Discontinued Operations	2.34M	624K	1.94M	0	-8.13M	-3.39M	-13K	-59K	460K	0
Minority Interest	0	0	0	0	0	4.61M	4.6M	4.59M	4.7M	4.82M
EPS (Diluted)+	0.74	0.47	0.27	0.37	0.35	-1.18	0.07	0.53	0.83	1.06
EPS Growth %	-0.33%	-0.36%	-0.43%	0.37%	-0.05%	-4.37%	1.06%	6.45%	0.57%	0.28%
EPS (Basic)	0.74	0.47	0.27	0.38	0.35	-1.18	0.08	0.54	0.83	1.08
Diluted Shares Outstanding	14.72M	14M	12.89M	12.51M	12.04M	11.34M	12.99M	12.56M	14.96M	12.85M
Basic Shares Outstanding	14.72M	14M	12.88M	12.32M	11.81M	11.34M	11.65M	12.37M	14.9M	12.59M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	57.25M	44.47M	37.24M	33.17M	36.11M	70.04M	65.12M	35.59M	30.77M	31.77M
Cash & Short-Term Investments	35.13M	26.84M	22.55M	18.02M	18.74M	63.06M	43.81M	18.69M	15.71M	17.06M
Cash Only	35.13M	26.84M	22.55M	18.02M	18.74M	63.06M	43.81M	18.69M	15.71M	17.06M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	16.4M	14.41M	11.77M	12.65M	11.21M	4.52M	14.87M	14.05M	12.96M	12.82M
Days Sales Outstanding	42.23	40.93	40.33	41.46	38.99	30.77	86.55	72.65	56.02	55.79
Inventory	3.37M	1.44M	776K	556K	0	0	0	0	0	0
Days Inventory Outstanding	65.31	36.72	21.94	16.54	-	-	-	-	-	-
Other Current Assets	1.77M	1.23M	282K	167K	2.95M	460K	342K	304K	377K	144K
Total Non-Current Assets+	11.52M	9.06M	8.43M	10.26M	20.98M	32.36M	36.67M	38M	27.5M	22.95M
Property, Plant & Equipment	7.91M	6.16M	4.92M	3.79M	11M	9.89M	8.36M	8.1M	6.59M	6.08M
Fixed Asset Turnover	17.93x	20.88x	21.65x	29.37x	9.54x	5.42x	7.50x	8.72x	12.81x	13.80x
Goodwill	0	0	0	0	0	10.94M	10.94M	10.94M	10.94M	10.94M
Intangible Assets	0	0	0	0	0	4.53M	3.43M	3.65M	2.09M	1.5M
Long-Term Investments	1.33M	1.15M	1.45M	2.69M	3.62M	1.18M	1.14M	5.43M	2.43M	0
Other Non-Current Assets	1.84M	1.85M	2M	2.13M	1.76M	745K	6.78M	5.09M	1.11M	1.05M
Total Assets+	68.77M	53.53M	45.67M	43.42M	57.09M	102.4M	101.79M	73.59M	58.27M	54.72M
Asset Turnover	2.06x	2.40x	2.33x	2.56x	1.84x	0.52x	0.62x	0.96x	1.45x	1.53x
Asset Growth %	-0.24%	-0.22%	-0.15%	-0.05%	0.31%	0.79%	-0.01%	-0.28%	-0.21%	-0.06%
Total Current Liabilities+	41.21M	29.82M	29.59M	26.81M	34.99M	82.87M	87.88M	47.53M	34.19M	36.5M
Accounts Payable	23.66M	19.71M	19.11M	17.13M	19.35M	64.1M	72.09M	36.84M	25.17M	6.14M
Days Payables Outstanding	458.67	502.73	540.19	509.63	617.61	2.21K	2.31K	1.34K	840.16	214
Short-Term Debt	5.66M	0	0	0	4.85M	6.44M	3.18M	2.97M	2.53M	0
Deferred Revenue (Current)	1000K	719K	825K	1000K	786K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.77M	5.41M	5.16M	5.04M	6.62M	7.18M	8.95M	3.76M	2.3M	1.51M
Current Ratio	1.39x	1.49x	1.26x	1.24x	1.03x	0.85x	0.74x	0.75x	0.90x	0.87x
Quick Ratio	1.31x	1.44x	1.23x	1.22x	1.03x	0.85x	0.74x	0.75x	0.90x	0.87x
Cash Conversion Cycle	-351.13	-425.08	-477.92	-451.62	-	-	-	-	-	-
Total Non-Current Liabilities+	6.18M	5.64M	3M	2.56M	11.23M	13.03M	13.54M	12.45M	13.45M	13.87M
Long-Term Debt	0	0	0	0	0	814K	0	0	0	0
Capital Lease Obligations	0	0	0	0	7.92M	10.77M	9.11M	8.33M	6.72M	5.65M
Deferred Tax Liabilities	3M	0	373K	249K	2.55M	357K	2.06M	1.56M	1.14M	0
Other Non-Current Liabilities	6.18M	5.64M	3M	2.56M	761K	1.08M	2.36M	2.56M	5.59M	8.23M
Total Liabilities	47.38M	35.47M	32.59M	29.36M	46.23M	95.9M	101.42M	59.98M	47.64M	50.37M
Total Debt+	5.66M	0	0	0	12.77M	18.02M	12.29M	11.3M	9.25M	8.12M
Net Debt	-29.47M	-26.84M	-22.55M	-18.02M	-5.98M	-45.04M	-31.52M	-7.39M	-6.47M	-8.95M
Debt / Equity	0.26x	-	-	-	1.18x	2.77x	33.40x	0.83x	0.87x	1.86x
Debt / EBITDA	0.57x	-	-	-	0.70x	-	24.34x	1.16x	0.53x	0.42x
Net Debt / EBITDA	-2.97x	-1.97x	-3.41x	-1.79x	-0.33x	-	-62.42x	-0.76x	-0.37x	-0.46x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	21.39M	18.06M	13.08M	14.06M	10.86M	6.5M	368K	13.6M	10.64M	4.35M
Equity Growth %	-0.46%	-0.16%	-0.28%	0.08%	-0.23%	-0.4%	-0.94%	35.97%	-0.22%	-0.59%
Book Value per Share	1.45	1.29	1.01	1.12	0.90	0.57	0.03	1.08	0.71	0.34
Total Shareholders' Equity	21.39M	18.06M	13.08M	14.06M	10.86M	1.89M	-4.23M	9.01M	5.94M	-462K
Common Stock	161K	135K	125K	120K	115K	114K	126K	165K	136K	118K
Retained Earnings	17.39M	21.72M	16.55M	18.15M	14.2M	-403K	508K	7.14M	19.51M	14.28M
Treasury Stock	0	0	0	0	0	0	-5.49M	-7.13M	0	0
Accumulated OCI	-3.91M	-3.79M	-3.6M	-4.21M	-3.45M	-4.06M	-3.79M	-14.44M	-14.14M	-5.33M
Minority Interest	0	0	0	0	0	4.61M	4.6M	4.59M	4.7M	4.82M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.19M	8.72M	2.08M	5.32M	11.35M	47.02M	-8.08M	-23.12M	10.68M	21.1M
Operating CF Margin %	0.03%	0.07%	0.02%	0.05%	0.11%	0.88%	-0.13%	-0.33%	0.13%	0.25%
Operating CF Growth %	1.74%	1.08%	-0.76%	1.56%	1.14%	3.14%	-1.17%	-1.86%	1.46%	0.98%
Net Income	10.86M	6.63M	3.53M	4.66M	4.12M	-14.57M	902K	6.63M	12.47M	13.68M
Depreciation & Amortization	2.79M	2.53M	2.08M	1.83M	1.32M	2.31M	1.82M	2.19M	1.89M	907K
Stock-Based Compensation	401K	933K	1.01M	915K	1.41M	6.2M	3.75M	1.8M	1.57M	1.65M
Deferred Taxes	-341K	-199K	309K	-336K	258K	-3.41M	813K	774K	48K	-518K
Other Non-Cash Items	1.06M	-215K	-3.13M	141K	1.24M	5.73M	-3.54M	-4.08M	-1.07M	7K
Working Capital Changes	-10.58M	-958K	-1.72M	-1.89M	3M	50.75M	-11.83M	-30.43M	-4.23M	5.38M
Change in Receivables	-980K	1.74M	3.06M	-1.52M	-728K	6.2M	-9.73M	1.32M	1.09M	40K
Change in Inventory	-6.47M	-111K	-673K	-159K	-977K	0	0	0	0	0
Change in Payables	-1.74M	-2.46M	-1.59M	-25K	3.06M	-748K	-3.31M	902K	-523K	1.72M
Cash from Investing+	-1.22M	-909K	2.15M	-3.69M	-1.15M	2.07M	104K	-1.31M	-39K	-177K
Capital Expenditures	-1.28M	-909K	-738K	-752K	-474K	-253K	-29K	-462K	-255K	-177K
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0%	0%	0%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	17.04M	-58K	2.89M	150K	-673K	822K	133K	-1.05M	216K	0
Cash from Financing+	-20.01M	-15.26M	-9.71M	-5.29M	-9.1M	-6.98M	-11.16M	1.28M	-14.15M	-18.97M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-17.08M	58K	0	0	1.71M	60K	-5.56M	1.92M	-369K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.91M	7.81M	1.34M	4.57M	10.88M	46.77M	-8.11M	-24.63M	10.42M	20.92M
FCF Margin %	0.02%	0.06%	0.01%	0.04%	0.1%	0.87%	-0.13%	-0.35%	0.12%	0.25%
FCF Growth %	2.68%	1.68%	-0.83%	2.41%	1.38%	3.3%	-1.17%	-2.04%	1.42%	1.01%
FCF per Share	0.20	0.56	0.10	0.36	0.90	4.12	-0.62	-1.96	0.70	1.63
FCF Conversion (FCF/Net Income)	0.39x	1.32x	0.59x	1.14x	2.73x	-3.50x	-8.87x	-3.49x	0.86x	1.56x
Interest Paid	128K	88K	0	0	0	142K	4K	0	0	0
Taxes Paid	801K	3.31M	6.2M	4.28M	4.72M	1.95M	3.12M	1.15M	0	1.94M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	35.5%	33.62%	22.67%	34.35%	33.34%	-154.62%	26.53%	94.96%	102.03%	180.99%
Return on Invested Capital (ROIC)	-	-	-	-	2751.51%	-	-	91.28%	225.05%	-
Gross Margin	86.72%	88.87%	87.88%	88.98%	89.1%	80.29%	81.84%	85.83%	87.06%	87.52%
Net Margin	7.67%	5.16%	3.31%	4.19%	3.96%	-25.04%	1.45%	9.4%	14.64%	16.17%
Debt / Equity	0.26x	-	-	-	1.18x	2.77x	33.40x	0.83x	0.87x	1.86x
FCF Conversion	0.39x	1.32x	0.59x	1.14x	2.73x	-3.50x	-8.87x	-3.49x	0.86x	1.56x
Revenue Growth	-0.25%	-9.29%	-17.14%	4.5%	-5.75%	-48.91%	17%	12.58%	19.66%	-0.68%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
JFC Travel Group Co.	-	-	-	-	-	3.54M	3.35M	3.48M	-	4.71M
JFC Travel Group Co. Growth	-	-	-	-	-	-	-5.40%	3.92%	-	-
Travel	-	-	-	-	-	-	-	-	75.86M	-
Travel Growth	-	-	-	-	-	-	-	-	-	-
Local	-	-	-	-	-	-	-	-	4.24M	-
Local Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	83.47M	75.49M	59.81M	61.26M	61.38M	31.85M	38.49M	43.15M	50.89M	49.47M
UNITED STATES Growth	-	-9.56%	-20.76%	2.42%	0.19%	-48.10%	20.83%	12.11%	17.94%	-2.79%
Geographical Locations Excluding United States, United Kingdom And Germany	-	-	-	-	17.9M	4.06M	5.6M	11.65M	14.1M	13.82M
Geographical Locations Excluding United States, United Kingdom And Germany Growth	-	-	-	-	-	-77.31%	37.91%	108.01%	21.00%	-1.97%
GERMANY	-	-	12.23M	12.26M	12.18M	4.85M	5.15M	-	-	-
GERMANY Growth	-	-	-	0.25%	-0.66%	-60.14%	6.08%	-	-	-
The World	30.42M	29.93M	15.37M	16.77M	-	-	-	-	-	-
The World Growth	-	-1.62%	-48.64%	9.11%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Travelzoo (TZOO) has a price-to-earnings (P/E) ratio of 5.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Travelzoo (TZOO) reported $89.9M in revenue for fiscal year 2024. This represents a 39% decrease from $148.3M in 2011.

Travelzoo (TZOO) saw revenue decline by 0.7% over the past year.

Yes, Travelzoo (TZOO) is profitable, generating $7.9M in net income for fiscal year 2024 (16.2% net margin).

Dividend & Returns

Travelzoo (TZOO) has a return on equity (ROE) of 181.0%. This is excellent, indicating efficient use of shareholder capital.

Travelzoo (TZOO) generated $12.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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