Despegar.com (NYSE:DESP) is the biggest Latin American online travel agency.
DESP has always been valued as a growth business, trading at lofty multiples. The company was able to generate positive net income before the pandemic, and has shown fast recovery after it. With low debt, interesting cash dynamics, and positive EBITDA, the company presents low risks of financial distress.
However, I doubt the business deserves the growth multiples that it received in the past. The company was…