Sostravel.com receives a research report by Arrowhead detailing a 2.76x potential upside in price
November 17 2022 - 2:00AM
Business Wire
Sostravel.com S.p.A. (Euronext Growth Milan, ticker: SOS),
digital operator offering booking services, digital itineraries
including information on flights and airports, car rental,
experiences, and proprietary services including the Lost Luggage
Concierge through the Sostravel and Flio apps, as well as through
the platforms www.Sostravel.com and www.amareitalia.com, announces
that today, Arrowhead, an Independent Research company based in New
York, providing due diligence and valuation reports on selected
listed companies, published a research report on Sostravel, with a
Fair Share Valuation Bracket of 2.01 to 2.50 EUR, when the share
price of the company (ticker BIT: SOS) trades at ~0.90 EUR, for a
2,760% potential appreciation.
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Sostravel App offers booking services,
digital itineraries including flight and airport information, car
renting, experiences, and insurance services. The company operates
the Lost Luggage Concierge proprietary service and is expanding
into telehealth services designed for travellers. (Graphic:
Business Wire)
Sostravel.com S.p.A. (SOS), headquartered in Italy, operates in
the global travel and tourism (T&T) industry. It has a presence
online, on Google Play, and Apple App Store, and in 23 airports in
Europe, America, and Asia. The company was founded in 2017 as a
spin-off from TraWell Co. (previously Safe Bag).
On November 1st, the company finalized the merger with DDC, a
company with strong expertise in digital marketing for traveling
and an established booking platform. The app, now merged with DDC
allows customers to engage in bookings of airplanes, hotels, and
cars, build a digital itinerary with other services, such as tours
and events, and access value-added services like Lost Luggage
Concierge and telehealth. The strategy is to attract potential
customers with booking services and offer high-margin services
through the app, focusing on the leisure and holiday segments.
The new post-merger entity is positioned to capture the growth
in digital travel revenues, already owning a significant share of
the passenger information sector, Sostravel aims to consolidate the
world of traveler information and services, with the only
integrated app on the market.
Based on its due diligence and valuation estimates, Arrowhead
believes that SOS’s fair share value lies in the EUR 2 to EUR 2.50
bracket, which has been calculated using a blended valuation
method: with 60% weighting to a discounted cash flow (DCF) method
and 40% weighting to a Comparable Companies Valuation method.
Sostravel is listed on Euronext Growth Milan, ticker BIT:
SOS
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version on businesswire.com: https://www.businesswire.com/news/home/20221115006003/en/
For further information: Sostravel.com S.p.A. Investor
Relations Edoardo Zarghetta investor.relations@Sostravel.com
www.Sostravel.com Ph: +39 0331 1587117 Fax: +39 0331 1582452
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