Financials TUI AG

Equities

TUI1

DE000TUAG505

Leisure & Recreation

Market Closed - Xetra Other stock markets 12:38:07 2025-03-14 EDT			5-day change	1st Jan Change
6.774 ^EUR	+1.77%		-6.10%	-18.85%

03-11	Boom in German tourism continues in January	DP
03-09	Increasing demand for themed cruises	DP

Projected Income Statement: TUI AG

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	7,944	4,732	16,545	20,666	23,167	24,804	25,696	26,536
Change	-	-40.43%	249.64%	24.91%	12.1%	7.07%	3.59%	3.27%
EBITDA ¹	-1,615	-1,145	1,225	1,775	2,120	2,280	2,401	2,496
Change	-	-29.1%	-	44.95%	19.42%	7.57%	5.3%	3.94%
EBIT ¹	-3,033	-2,076	408.7	977	1,296	1,411	1,521	1,615
Change	-	-31.56%	-	139.05%	32.67%	8.85%	7.78%	6.19%
Interest Paid ¹	-281.7	-439.1	-478.9	-448	-408.6	-395.6	-379.9	-354.2
Earnings before Tax (EBT) ¹	-3,203	-2,462	-145.9	551	861.4	979.8	1,122	1,229
Change	-	-23.14%	-94.07%	-	56.33%	13.74%	14.49%	9.57%
Net income ¹	-3,148	-2,467	-277.3	306	507.1	620.8	736	846
Change	-	-21.64%	-88.76%	-	65.72%	22.43%	18.55%	14.95%
Announcement Date	12/10/20	12/8/21	12/14/22	12/6/23	12/11/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: September	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	2,788	71.8	1,233	468.1	248.2	649.7	3,366	2,369	2,128	4,433	7,614	3,750	3,153	5,286	8,476	4,302	3,650	5,787	9,428	4,872	3,883	6,204	10,032	4,904	3,887	6,230	10,019	4,939
Change	-	-97.42%	1,617.69%	-62.04%	-46.98%	161.76%	418.09%	-29.61%	-10.16%	108.29%	71.75%	-50.74%	-15.93%	67.66%	60.35%	-49.24%	-15.17%	58.55%	62.91%	-48.32%	-20.31%	59.79%	61.71%	-51.11%	-20.75%	60.28%	60.82%	-50.7%
EBITDA ¹	-409.6	-623.3	-693.6	-480.4	-	-448.7	160	-65.4	-	180.8	1,232	58.3	-42.9	366.6	1,393	208.5	15.6	446.8	1,449	278.1	-4.639	490.4	1,521	267.1	27.41	553.3	1,545	272.5
Change	-	52.17%	11.28%	-30.74%	-100%	-	-	-	-100%	-	581.58%	-95.27%	-	-	279.98%	-85.03%	-92.52%	2,764.1%	224.26%	-80.8%	-	-	210.17%	-82.44%	-89.74%	1,918.2%	179.34%	-82.36%
EBIT ¹	-680.9	-1,100	-1,033	-698.6	-610.2	-669.8	-97	-273.6	-329.9	-27	1,039	-153	-242.4	169.4	1,203	6	-188.7	231.9	1,247	50.9	-211.5	241.2	1,322	56.43	-	-	-	-
Change	-	61.55%	-6.11%	-32.36%	-12.65%	9.77%	-85.52%	182.06%	20.58%	-91.82%	-	-	58.43%	-	610.15%	-99.5%	-	-	437.73%	-95.92%	-	-	447.96%	-95.73%	-100%	-	-	-
Charge d'intérêts ¹	-50.9	-62.7	-140.3	-107.4	-136	-98.6	-102.4	-133	-123	-119.1	-100.9	-114	-122.6	-120.7	-77	-102.8	-	-	-	-84.2	-107	-107	-107	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-103.1	-300	139.1	1,125	-37.1	-345.7	98.82	1,230	-40.49	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	190.98%	-	709.06%	-	-831.69%	-	1,144.82%	-	100%	-	-	-
Net income ¹	-763.6	-1,424	-831.8	-802.9	-671.9	-934.8	-58	-384.3	-	-	799.4	-256.1	-364.3	22.6	904	-122.6	-294.2	52.4	871.4	-85.4	-263	116	968	-	-	-	-	-
Change	-	86.54%	-41.6%	-3.47%	-16.32%	39.13%	-93.8%	562.59%	-100%	-	-	-	42.25%	-	3,900%	-	139.97%	-	1,562.98%	-	-207.96%	-	734.48%	-100%	-	-	-	-
Announcement Date	5/13/20	8/13/20	12/10/20	2/9/21	5/12/21	8/12/21	12/8/21	2/8/22	5/11/22	8/10/22	12/14/22	2/14/23	5/10/23	8/9/23	12/6/23	2/14/24	5/14/24	8/14/24	12/11/24	2/11/25	-	-	-	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: September	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	716.3	4,498	6,903	7,952
Change	-	527.89%	53.49%	15.2%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	-1,309	-603.5	-395.3	-182.7
Change	-	-53.89%	-34.5%	-53.78%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Change	-	-	-	-
Net income	-	-	-	-
Change	-	-	-	-
Announcement Date	5/12/21	5/11/22	5/10/23	5/14/24

¹EUR in Million

Estimates

Forecast Balance Sheet: TUI AG

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,036	4,966	3,522	2,106	1,641	1,429	1,187	861
Change	-	63.57%	-29.08%	-40.2%	-22.08%	-12.89%	-16.93%	-27.46%
Announcement Date	12/10/20	12/8/21	12/14/22	12/6/23	12/11/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: TUI AG

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	587	299.7	308.2	666.2	712.5	794.4	820.7	842.6
Change	-	-48.94%	2.84%	116.16%	6.95%	11.5%	3.31%	2.66%
Free Cash Flow (FCF) ¹	-3,359	-451	1,562	971.1	1,198	505.2	681.5	773.3
Change	-	-86.57%	-446.36%	-37.83%	23.4%	-57.84%	34.91%	13.46%
Announcement Date	12/10/20	12/8/21	12/14/22	12/6/23	12/11/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: TUI AG

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-20.33%	-24.2%	7.4%	8.59%	9.15%	9.19%	9.34%	9.41%
EBIT Margin (%)	-38.18%	-43.86%	2.47%	4.73%	5.59%	5.69%	5.92%	6.09%
EBT Margin (%)	-40.33%	-52.03%	-0.88%	2.67%	3.72%	3.95%	4.37%	4.63%
Net margin (%)	-39.63%	-52.13%	-1.68%	1.48%	2.19%	2.5%	2.86%	3.19%
FCF margin (%)	-42.28%	-9.53%	9.44%	4.7%	5.17%	2.04%	2.65%	2.91%
FCF / Net Income (%)	106.69%	18.28%	-563.32%	317.35%	236.3%	81.37%	92.6%	91.4%
Profitability
ROA	-19.95%	-16.73%	-1.89%	1.95%	3.02%	3.37%	3.8%	4.2%
ROE	-209.49%	-	-	62.37%	48.78%	46.46%	42.18%	37.09%
Financial Health
Leverage (Debt/EBITDA)	-1.88x	-4.34x	2.88x	1.19x	0.77x	0.63x	0.49x	0.35x
Debt / Free cash flow	-0.9x	-11.01x	2.25x	2.17x	1.37x	2.83x	1.74x	1.11x
Capital Intensity
CAPEX / Current Assets (%)	7.39%	6.33%	1.86%	3.22%	3.08%	3.2%	3.19%	3.18%
CAPEX / EBITDA (%)	-36.35%	-26.17%	25.17%	37.53%	33.61%	34.84%	34.18%	33.76%
CAPEX / FCF (%)	-17.48%	-66.45%	19.73%	68.6%	59.46%	157.25%	120.42%	108.96%
Items per share
Cash flow per share ¹	-47.05	-1.585	12.71	4.029	3.698	3.019	3.206	3.013
Change	-	-96.63%	-901.87%	-68.3%	-8.22%	-18.37%	6.19%	-6.02%
Dividend per Share ¹	-	-	-	-	-	0.3467	0.1967	0.3348
Change	-	-	-	-	-	-	-43.28%	70.24%
Book Value Per Share ¹	-7.59	-9.876	-0.8662	2.213	1.885	3.263	4.731	6.295
Change	-	30.12%	-91.23%	-355.47%	-14.82%	73.1%	44.99%	33.06%
EPS ¹	-53.4	-25.8	-1.7	0.75	0.99	1.154	1.368	1.544
Change	-	-51.69%	-93.41%	-144.12%	32%	16.56%	18.55%	12.9%
Nbr of stocks (in thousands)	59,042	109,908	178,481	507,431	507,431	507,431	507,431	507,431
Announcement Date	12/10/20	12/8/21	12/14/22	12/6/23	12/11/24	-	-	-