Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
On the Beach Group plc is a UK-based online travel retailer specializing in short and medium-haul beach holidays, primarily offering 'Flight and Hotel' package deals to popular European destinations such as the Balearics, Canaries, mainland Spain, Greece, Turkey, Egypt, and the Algarve. Founded in 2003 by Simon Cooper, the company pioneered dynamic packaging in the UK, enabling customers to combine low-cost scheduled flights and hotels in real time through websites like onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk. It operates across segments including OTB for mainstream beach holidays, Classic Collection for tailored packages, and services like in-house bedbank, transport brokerage, and 24-hour resort support. Headquartered in Manchester's Aeroworks building, On the Beach Group plc also manages subsidiaries focused on travel services, employee trusts, and property. With around 580 employees, it plays a key role in the leisure and recreation sector by providing accessible online booking platforms that cater to budget-conscious consumers seeking sun-soaked getaways. The company expanded internationally to Sweden and continues to innovate in the competitive online travel agency market.
£1.78
£0.01 (-0.56%)
EOD Jul 3, 2026
Margins and capital returns are both well above average: 25.21% operating margin, ROIC at 15.67%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue growth slowed to 1.8%, essentially flat. This is a business that needs a catalyst.
Even for strong businesses, today's 12x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
11.8x earnings, 11.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£121M
▲ +1.8% YoY
Net Income (TTM)
£9M
▼ -33.8% YoY
Op. Margin
25.21%
▲ +0.8pp YoY
ROIC
15.67%
▲ +3.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£24M
▲ +47.0% YoY
Op. Cash Flow (TTM)
£24M
▲ +47.0% YoY
Net Debt
-£90M
Net Cash Position
Cash & Equiv.
£92M
3Y CAGR: -5.4%
3Y CAGR: +36.9%
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At a P/E of 11.8 and a price-to-free-cash-flow of 11.5, On the Beach Group (OTB.XLON) trades below a two-stage DCF intrinsic value of about £8.40 per share, so at £1.78 the stock looks undervalued (372.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, On the Beach Group scores 81/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £8.40 per share for OTB.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £6.30. At today's £1.78, that puts the stock about 372.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
On the Beach Group scores 81 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 25.2% operating margin and a 15.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, On the Beach Group pays a regular dividend of about £0.03 per share per year (typically in quarterly installments), a yield of roughly 1.8% at the current price. That is a payout ratio of about 57.0% of earnings, so the dividend is well covered. On the Beach Group has grown the dividend at roughly 226.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For OTB.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. OTB.XLON currently trades below its estimated intrinsic value and scores 81/100 on quality (high-quality). It also yields about 1.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.