Financials TUI AG

Equities

TUI1

DE000TUAG505

Leisure & Recreation

Market Closed - Xetra 11:38:15 2024-06-18 EDT After market 15:27:43
6.912 EUR -0.63% Intraday chart for TUI AG 6.898 -0.20%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,282 1,913 4,133 2,203 2,647 3,530 - -
Enterprise Value (EV) 1 7,223 4,949 9,099 5,725 4,753 5,521 5,153 4,825
P/E ratio 15 x -0.61 x -1.46 x -7.26 x 6.95 x 7.2 x 5.9 x 4.98 x
Yield 5.06% - - - - - - 2.07%
Capitalization / Revenue 0.33 x 0.24 x 0.87 x 0.13 x 0.13 x 0.16 x 0.15 x 0.15 x
EV / Revenue 0.38 x 0.62 x 1.92 x 0.35 x 0.23 x 0.24 x 0.22 x 0.2 x
EV / EBITDA 5.31 x -3.06 x -7.95 x 4.68 x 2.68 x 2.6 x 2.29 x 2.05 x
EV / FCF 56.5 x -1.47 x -20.2 x 3.67 x 4.89 x 12.4 x 7.72 x 6.82 x
FCF Yield 1.77% -67.9% -4.96% 27.3% 20.4% 8.04% 13% 14.7%
Price to Book 1.82 x -4.27 x -3.81 x -14.3 x 2.36 x 1.84 x 1.37 x 1.04 x
Nbr of stocks (in thousands) 58,902 59,042 109,908 178,481 507,431 507,431 - -
Reference price 2 106.6 32.40 37.60 12.34 5.216 6.956 6.956 6.956
Announcement Date 12/11/19 12/10/20 12/8/21 12/14/22 12/6/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,928 7,944 4,732 16,545 20,666 22,767 23,518 24,291
EBITDA 1 1,360 -1,615 -1,145 1,225 1,775 2,122 2,255 2,357
EBIT 1 768.4 -3,033 -2,076 408.7 977 1,274 1,390 1,482
Operating Margin 4.06% -38.18% -43.86% 2.47% 4.73% 5.6% 5.91% 6.1%
Earnings before Tax (EBT) 1 691.4 -3,203 -2,462 -145.9 551 841.7 967.1 1,108
Net income 1 416.2 -3,148 -2,467 -277.3 306 461.7 589.8 700.7
Net margin 2.2% -39.63% -52.13% -1.68% 1.48% 2.03% 2.51% 2.88%
EPS 2 7.100 -53.40 -25.80 -1.700 0.7500 0.9660 1.180 1.396
Free Cash Flow 1 127.9 -3,359 -451 1,562 971.1 443.8 667.8 707.8
FCF margin 0.68% -42.28% -9.53% 9.44% 4.7% 1.95% 2.84% 2.91%
FCF Conversion (EBITDA) 9.41% - - 127.56% 54.71% 20.91% 29.62% 30.03%
FCF Conversion (Net income) 30.73% - - - 317.35% 96.12% 113.22% 101.01%
Dividend per Share 2 5.400 - - - - - - 0.1440
Announcement Date 12/11/19 12/10/20 12/8/21 12/14/22 12/6/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 S1 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 716.3 2,369 2,128 4,498 4,433 7,614 3,750 3,153 6,903 5,286 8,476 4,302 3,650 7,952 5,706 8,985 4,405 3,750 5,836
EBITDA 1 - -65.4 - - 180.8 1,232 58.3 -42.9 - 366.6 1,393 208.5 15.6 - 430.9 1,466 247.3 48.26 547.8
EBIT 1 -1,309 -273.6 -329.9 -603.5 -27 1,039 -153 -242.4 -395.3 169.4 1,203 6 -188.7 -182.7 207.5 1,258 17.1 -198 308.7
Operating Margin -182.72% -11.55% -15.5% -13.42% -0.61% 13.65% -4.08% -7.69% -5.73% 3.2% 14.19% 0.14% -5.17% -2.3% 3.64% 14% 0.39% -5.28% 5.29%
Earnings before Tax (EBT) 1 - - - - - - - - - - - -103.1 -300 - 90.84 1,193 -107.2 -317.4 -
Net income 1 - -384.3 - - - 799.4 -256.1 -364.3 - 22.6 904 -122.6 -294.2 - 62.4 754.9 -85.49 -288.6 128.5
Net margin - -16.22% - - - 10.5% -6.83% -11.55% - 0.43% 10.67% -2.85% -8.06% - 1.09% 8.4% -1.94% -7.7% 2.2%
EPS 2 - - - - - - - - - - - - - - 0.1060 1.648 - - -
Dividend per Share - - - - - - - - - - - - - - - - - - -
Announcement Date 5/12/21 2/8/22 5/11/22 5/11/22 8/10/22 12/14/22 2/14/23 5/10/23 5/10/23 8/9/23 12/6/23 2/14/24 5/14/24 5/14/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 941 3,036 4,966 3,522 2,106 1,991 1,624 1,295
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.6919 x -1.88 x -4.337 x 2.876 x 1.187 x 0.9382 x 0.7199 x 0.5493 x
Free Cash Flow 1 128 -3,359 -451 1,562 971 444 668 708
ROE (net income / shareholders' equity) 11.7% -209% - - 62.4% 42.1% 35.1% 28.5%
ROA (Net income/ Total Assets) 2.61% -20% -16.7% -1.89% 1.95% 3.7% 4.1% 4.45%
Assets 1 15,931 15,780 14,748 14,706 15,704 12,502 14,391 15,735
Book Value Per Share 2 58.60 -7.590 -9.880 -0.8700 2.210 3.790 5.070 6.680
Cash Flow per Share 2 19.00 -47.10 -1.590 12.70 4.030 2.940 2.530 2.850
Capex 1 987 587 300 516 666 638 685 697
Capex / Sales 5.21% 7.39% 6.33% 3.12% 3.22% 2.8% 2.91% 2.87%
Announcement Date 12/11/19 12/10/20 12/8/21 12/14/22 12/6/23 - - -
1EUR in Million2EUR
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
6.956 EUR
Average target price
10.6 EUR
Spread / Average Target
+52.39%
Consensus

Quarterly revenue - Rate of surprise