The Helloworld Ltd (ASX: HLO) share price is up 10% to $4.55 this morning after the travel agent reconfirmed guidance for full year EBITDA to come in between $76 million to $80 million over fiscal 2019.
Helloworld also reported that for the nine months ending March 31 2019 total transaction value came in up 8.8% at $4.71 billion to translate into revenue of $260.5 million on a gross margin of 5.5%.
In total operating expenses increased $12.3 million to produce EBITDA or operating income of $54.9 million which is up 7% on the prior corresponding period. The mid-single-digit growth incongruous with the stock sinking 25% over the course of just calendar year 2019.
Despite today's share price rise Helloworld still looks potentially cheap using conventional valuation metrics of price-to-earnings multiple or dividend yield.
Others in the space to have suffered a soft year include Corporate Travel Management Ltd (ASX: CTD) and Flight Centre Travel Group Ltd (ASX: FLT).
