TOURISM HOLDINGS LIMITED (THL)
Share Price Analysis and Chart

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THL - TOURISM HOLDINGS LIMITED

FNArena Sector : Travel, Leisure & Tourism
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 1.47
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.75

22 Nov
2024

0.030

OPEN

$1.72

1.74%

HIGH

$1.77

2,457

LOW

$1.72

TARGET
$2.02 15.4% upside
OTHER COMPANIES IN THE SAME SECTOR
AIA . AIZ . CEH . CHL . CTD . EVT . EXP . FLT . HLO . KLS . QAN . SDR . SKO . SST . VGL . VVA . WEB . WJL .
FNARENA'S MARKET CONSENSUS FORECASTS
THL: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 23.7 xxx
DPS (cps) 10.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 7.4 xxx
Dividend Yield 6.0% xxx
Div Pay Ratio(%) 44.2% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.87

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 19/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx16.8
DPS All xxxxxxxxxxxxxxx10.3
Sales/Revenue xxxxxxxxxxxxxxx852.7 M
Book Value Per Share xxxxxxxxxxxxxxx257.9
Net Operating Cash Flow xxxxxxxxxxxxxxx-88.5 M
Net Profit Margin xxxxxxxxxxxxxxx4.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.47 %
Return on Invested Capital xxxxxxxxxxxxxxx3.73 %
Return on Assets xxxxxxxxxxxxxxx2.80 %
Return on Equity xxxxxxxxxxxxxxx6.47 %
Return on Total Capital xxxxxxxxxxxxxxx28.68 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-130.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx126 M
Long Term Debt xxxxxxxxxxxxxxx468 M
Total Debt xxxxxxxxxxxxxxx593 M
Goodwill - Gross xxxxxxxxxxxxxxx185 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx52 M
Price To Book Value xxxxxxxxxxxxxxx0.63

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx14.9 M
Capex % of Sales xxxxxxxxxxxxxxx1.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx435 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx103 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

28/08/2024

1

Buy

-

-

Following FY24 results for Tourism Holdings Rentals, Ord Minnett notes industry sources are indicating the cycle may be turning in North America, but the broker expects an A&NZ recovery will take longer.

FY24 profit was slightly ahead of the broker's estimate. Management noted “unacceptable” results in North America and Europe and has
acted decisively to orchestrated change, in the analysts' view.

The Buy rating is retained, given an inevitable cyclical recovery, according to Ord Minnett. The target falls to NZ$3.00 from NZ$3.13.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 11.76 cents and EPS of 23.53 cents.
Ord Minnett forecasts a full year FY26 dividend of 19.30 cents and EPS of 35.48 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Wilsons

02/09/2024

3

Downgrade to Market Weight from Overweight

$1.90

8.57%

With revised guidance the -33% fall in FY24 net profit for Tourism Holdings Rentals was broadly in line with Wilsons' expectations.

NZ reported a record EBIT result which was offset by weakness in other parts of the business, including a writedown of goodwill for the UK.

The RV sector remains challenged the broker highlights. When combined with lower capex, slower fleet growth is likely.

Wilsons lowers earnings forecasts by -5% to -10% for FY25 to FY27.

Downgrade to Market Weight from Overweight. Target price falls -10% to $1.90.

FORECAST
Wilsons forecasts a full year FY25 dividend of 9.01 cents and EPS of 23.07 cents.
Wilsons forecasts a full year FY26 dividend of 11.86 cents and EPS of 29.13 cents.
Access Extra Coverage Research History >

THL STOCK CHART

FNArena News on THL

1
Australian Broker Call *Extra* Edition – Oct 14, 2024

Oct 14 2024 - Daily Market Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 06-09-24

Sep 06 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Sep 04, 2024

Sep 04 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 03-09-2024

Sep 03 2024 - Australia
5
Australian Broker Call *Extra* Edition – Sep 02, 2024

Sep 02 2024 - Daily Market Reports

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