TraWell Valuation Multiples

TraWell is valued at $13M as of October 2026, a 1.1x revenue multiple. In the last 12 months, TraWell revenue was $31M and TraWell EBITDA was $9M.

TraWell Overview

About TraWell

TraWell Co is an Italian company, formerly named Safe Bag, that provides luggage protection and tracking services and operates travel shops in airports. It was founded in 1997 by Rudolph Gentile and is listed on Euronext Growth Milan, where it has traded since September 2013. The group is present in 8 countries with 21 airports and 87 shops, serves about 5 million customers and has more than 300 employees. Its services cover luggage wrapping, tracking, lost luggage refunds, travel accessories, luggage storage and other services for travellers. Revenues were EUR 30.3 million in 2023 with EBITDA of EUR 9.9 million, and EBITDA reached EUR 8.3 million in 2025. The business model depends on airport concessions, whose average duration is the longest in the history of the group.


Founded

1997

HQ

Italy

Employees

196

Financials (LTM)

Revenue: $31M
EBITDA: $9M

EV

$33M

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TraWell Financials

TraWell reported last 12-month revenue of $31M and EBITDA of $9M.

In the same LTM period, TraWell generated $9M in EBITDA and had net loss of ($180K).

Revenue (LTM)


TraWell P&L

In the most recent fiscal year, TraWell reported revenue of $32M and EBITDA of $8M.

TraWell is unprofitable as of last fiscal year, with gross margin of 70%, EBITDA margin of 25%, and net margin of (1%).

See analyst estimates for TraWell
LTMLast FY202320242025202620272028
Revenue$31M$32M$35M$35M$32M
Gross Profit-$23M$26M$25M$23M
Gross Margin-70%74%72%70%
EBITDA$9M$8M$10M$10M$8M
EBITDA Margin29%25%28%27%25%
EBIT Margin10%13%19%16%13%
Net Profit($180K)($454K)$1M$240K($454K)
Net Margin(1%)(1%)4%1%(1%)
Net Debt-$11M---

Financial data powered by Morningstar, Inc.

TraWell Stock Performance

TraWell has current market cap of $13M, and enterprise value of $33M.

Market Cap Evolution


TraWell's stock price is $26.07.

TraWell share price decreased by 5.2% in the last 30 days, and by 26.8% in the last year.

TraWell has an EPS (earnings per share) of $-0.90.

See more trading valuation data for TraWell
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$33M$13M-0.8%-5.2%-0.9%-26.8%$-0.90

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TraWell Valuation Multiples

TraWell trades at 1.1x EV/Revenue multiple, and 3.6x EV/EBITDA.

See NTM and 2027E valuation multiples for TraWell

EV / Revenue (LTM)


TraWell Financial Valuation Multiples

As of October 23, 2026, TraWell has market cap of $13M and EV of $33M.

TraWell has a P/E ratio of (73.2x).

LTMLast FY202320242025202620272028
EV/Revenue1.1x1.0x0.9x0.9x1.0x
EV/EBITDA3.6x4.1x3.3x3.5x4.1x
EV/EBIT10.9x7.8x5.0x5.9x7.8x
EV/Gross Profit-1.5x1.3x1.3x1.5x
P/E(73.2x)(29.0x)9.9x54.7x(29.0x)
EV/FCF7.3x(66.6x)6.0x5.8x(66.6x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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TraWell Margins & Growth Rates

TraWell decreased revenue by 5% but EBITDA grew by 12% in the last fiscal year.

In the most recent fiscal year, TraWell reported gross margin of 70%, EBITDA margin of 25%, and net margin of (1%).

See estimated margins and future growth rates for TraWell

TraWell Margins

Last FY202420252026202720282029
Gross Margin70%72%70%-
EBITDA Margin25%27%25%29%
EBIT Margin13%16%13%10%
Net Margin(1%)1%(1%)(0%)
FCF Margin(2%)16%(2%)15%

TraWell Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(5%)(1%)(7%)(5%)
Gross Profit Growth-(4%)(9%)-
EBITDA Growth12%(3%)(16%)12%
EBIT Growth(28%)(16%)(25%)(28%)
Net Profit Growth(75%)(82%)(289%)(75%)
FCF Growth(1004%)4%(109%)(1004%)

Data powered by FactSet, Inc. and Morningstar, Inc.

TraWell Operational KPIs

TraWell's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

TraWell's Rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

TraWell's Rule of X is 17% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for TraWell
LTMLast FY202320242025202620272028
Rule of 4031%24%---
Bessemer Rule of X35%17%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.1M---
Opex to Revenue-57%55%56%57%

Data powered by FactSet, Inc. and Morningstar, Inc.

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TraWell Competitors

TraWell competitors include Technical Publications, ACC Aviation Holdings, Wheels Up, ICTS International, AerSale, GMF AeroAsia, Sky Harbour Group and Aeroporto di Bologna.

Most TraWell public comparables operate across Airports & Aviation Services.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Technical Publications$56M$10M0.7x0.7x4.2x3.9x
ACC Aviation Holdings------
Wheels Up$736M($142M)1.0x-(5.2x)-
ICTS International$534M($15M)0.4x-(15.6x)-
AerSale$335M$39M1.2x1.2x10.3x9.7x
GMF AeroAsia$492M$79M1.2x1.1x7.7x-

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Acquisitions by TraWell

TraWell has acquired 1 company to date.

Last acquisition by TraWell was on October 10th 2019. TraWell acquired FlyPack for $2M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by TraWell

FlyPack
Description
FlyPack is a Russian company that operates baggage protection and tracking services and sells travel accessories in Terminal D of Moscow Sheremetyevo international airport. It holds a concession with a duration of 10 years that expires in July 2029. Sheremetyevo is the busiest airport in the Russian Federation, with about 46 million passengers in 2018. FlyPack was expected to close 2019 with revenues of about EUR 2 million and EBITDA of about EUR 0.7 million. Its services are sold under the Pack&Fly Group brand used in Russia, which belongs to the TraWell group. The company was owned by sellers who negotiated with the Russian subsidiary of TraWell, and 90% of its shares were bought by Wrapping Service LLC.
HQ CountryRussia
HQ City
Moscow
Deal Date10 Oct 2019
Valuation$2M
EV/Revenue
EV/EBITDA

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About TraWell

When was TraWell founded?TraWell was founded in 1997.
Where is TraWell headquartered?TraWell is headquartered in Italy.
How many employees does TraWell have?As of today, TraWell has over 196 employees.
Is TraWell publicly listed?Yes, TraWell is a public company listed on Borsa Italiana.
What is the stock symbol of TraWell?TraWell trades under TWL ticker.
When did TraWell go public?TraWell went public in 2013.
Who are competitors of TraWell?TraWell main competitors include Technical Publications, ACC Aviation Holdings, Wheels Up, ICTS International, AerSale, GMF AeroAsia, Sky Harbour Group, Aeroporto di Bologna.
What is the current market cap of TraWell?TraWell's current market cap is $13M.
What is the current revenue of TraWell?TraWell's last 12 months revenue is $31M.
What is the current revenue growth of TraWell?TraWell revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of TraWell?Current revenue multiple of TraWell is 1.1x.
What is the current EBITDA of TraWell?TraWell's last 12 months EBITDA is $9M.
What is TraWell's EBITDA margin?TraWell's last 12 months EBITDA margin is 29%.
What is the current EV/EBITDA multiple of TraWell?Current EBITDA multiple of TraWell is 3.6x.
What is the current FCF of TraWell?TraWell's last 12 months FCF is $4M.
What is TraWell's FCF margin?TraWell's last 12 months FCF margin is 14%.
What is the current EV/FCF multiple of TraWell?Current FCF multiple of TraWell is 7.3x.
How many companies TraWell has acquired to date?As of October 2026, TraWell has acquired 1 company.
What was the largest acquisition by TraWell?$2M acquisition of FlyPack on 10th October 2019 was the largest M&A TraWell has done to date.
What companies TraWell acquired?TraWell acquired FlyPack.
In how many companies TraWell has invested to date?TraWell hasn't invested in any companies yet (or none have been disclosed publicly).

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