TOURISM HOLDINGS LIMITED Financials Tourism Holdings Limited
Equities
THL
NZHELE0001S9
Passenger Transportation, Ground & Sea
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.84 NZD | +3.37% |
|
-1.60% | -52.21% |
| 10/06 | Tourism Holdings Limited Announces Resignation of Debbie Birch as Director, Effective October 2024 | CI |
| 10/06 | New Zealand shares drop for third consecutive session, Australia closed | RE |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 499.1 | 293.1 | 383.3 | 352.8 | 828.5 | 401.5 | - | - |
| Enterprise Value (EV) 1 | 701.1 | 421.1 | 432.3 | 411.3 | 1,114 | 888.7 | 881.6 | 898.2 |
| P/E ratio | 16.2 x | 10.6 x | -27.5 x | -232 x | 14.8 x | 7.78 x | 6.34 x | 4.74 x |
| Yield | 7.14% | - | - | - | 3.88% | 5.14% | 6.69% | 10.4% |
| Capitalization / Revenue | 1.18 x | 0.73 x | 1.07 x | 1.02 x | 1.25 x | 0.49 x | 0.44 x | 0.4 x |
| EV / Revenue | 1.66 x | 1.05 x | 1.2 x | 1.19 x | 1.68 x | 1.08 x | 0.98 x | 0.9 x |
| EV / EBITDA | 6.11 x | 3.77 x | 10.8 x | 8.19 x | 7.03 x | 4.23 x | 3.71 x | 3.27 x |
| EV / FCF | 111 x | - | - | - | - | -7.48 x | 33.8 x | 1,996 x |
| FCF Yield | 0.9% | - | - | - | - | -13.4% | 2.95% | 0.05% |
| Price to Book | 1.8 x | 0.9 x | 1.23 x | 1.06 x | 1.36 x | 0.74 x | 0.68 x | 0.64 x |
| Nbr of stocks (in thousands) | 1,32,036 | 1,48,015 | 1,51,489 | 1,52,061 | 2,14,077 | 2,18,224 | - | - |
| Reference price 2 | 3.780 | 1.980 | 2.530 | 2.320 | 3.870 | 1.840 | 1.840 | 1.840 |
| Announcement Date | 26/08/19 | 17/09/20 | 25/08/21 | 25/08/22 | 28/08/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 423 | 400.9 | 359.2 | 345.8 | 663.8 | 825.7 | 903.1 | 995.4 |
| EBITDA 1 | 114.8 | 111.7 | 40.2 | 50.2 | 158.5 | 210.2 | 237.4 | 274.4 |
| EBIT 1 | 62.1 | 48.61 | -8.5 | 3.7 | 89.6 | 110.4 | 129.1 | 158.7 |
| Operating Margin | 14.68% | 12.12% | -2.37% | 1.07% | 13.5% | 13.38% | 14.29% | 15.94% |
| Earnings before Tax (EBT) 1 | 39.89 | 26.14 | - | - | 67 | 70.6 | 86.07 | 119.8 |
| Net income 1 | 29.8 | 27.4 | -13.7 | -1.5 | 49.86 | 51.23 | 63.59 | 84.71 |
| Net margin | 7.04% | 6.83% | -3.81% | -0.43% | 7.51% | 6.2% | 7.04% | 8.51% |
| EPS 2 | 0.2330 | 0.1860 | -0.0920 | -0.0100 | 0.2610 | 0.2366 | 0.2901 | 0.3882 |
| Free Cash Flow 1 | 6.317 | - | - | - | - | -118.8 | 26.05 | 0.45 |
| FCF margin | 1.49% | - | - | - | - | -14.39% | 2.88% | 0.05% |
| FCF Conversion (EBITDA) | 5.5% | - | - | - | - | - | 10.97% | 0.16% |
| FCF Conversion (Net income) | 21.2% | - | - | - | - | - | 40.97% | 0.53% |
| Dividend per Share 2 | 0.2700 | - | - | - | 0.1500 | 0.0946 | 0.1231 | 0.1908 |
| Announcement Date | 26/08/19 | 17/09/20 | 25/08/21 | 25/08/22 | 28/08/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|
| Net sales 1 | - | 402.8 | 449.2 | 378.8 |
| EBITDA 1 | - | - | 119.7 | 103.3 |
| EBIT 1 | - | 46.2 | 74 | 39.1 |
| Operating Margin | - | 11.47% | 16.47% | 10.32% |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income | 25.2 | - | - | - |
| Net margin | - | - | - | - |
| EPS | 0.1530 | - | - | - |
| Dividend per Share | - | - | 0.0450 | - |
| Announcement Date | 23/02/23 | 28/08/23 | 19/02/24 | - |
1NZD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 202 | 128 | 49 | 58.5 | 285 | 487 | 480 | 497 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.76 x | 1.145 x | 1.219 x | 1.165 x | 1.799 x | 2.318 x | 2.022 x | 1.81 x |
| Free Cash Flow 1 | 6.32 | - | - | - | - | -119 | 26.1 | 0.45 |
| ROE (net income / shareholders' equity) | 10.6% | 9.09% | -4.29% | -1.48% | 10.6% | 8.44% | 9.75% | 12.3% |
| ROA (Net income/ Total Assets) | 4.73% | 4.36% | -2.3% | -0.85% | 5.14% | 7.21% | 8.35% | 9.58% |
| Assets 1 | 630.4 | 629 | 596.9 | 177.2 | 969.7 | 710.2 | 761.8 | 884 |
| Book Value Per Share 2 | 2.100 | 2.200 | 2.060 | 2.180 | 2.850 | 2.500 | 2.690 | 2.860 |
| Cash Flow per Share 2 | 0.0800 | 0.4700 | 0.5800 | -0.1400 | -0.3200 | 0.0100 | 0.1600 | 0.5400 |
| Capex 1 | 3.88 | 4.13 | 1.2 | 7.54 | 12.1 | 12.4 | 14 | 11.6 |
| Capex / Sales | 0.92% | 1.03% | 0.33% | 2.18% | 1.83% | 1.5% | 1.55% | 1.17% |
| Announcement Date | 26/08/19 | 17/09/20 | 25/08/21 | 25/08/22 | 28/08/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
1.84
NZD
Average target price
3.3
NZD
Spread / Average Target
+79.35%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -52.21% | 238M | |
| -35.50% | 8.3B | |
| -37.04% | 3.72B | |
| -24.70% | 3.49B | |
| +6.84% | 1.58B | |
| -10.30% | 1.37B | |
| +4.56% | 786M | |
| +0.36% | 737M | |
| +24.29% | 458M | |
| -47.27% | 410M |
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- Financials Tourism Holdings Limited
