TOURISM HOLDINGS LIMITED (THL)
Share Price Analysis and Chart

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THL

THL - TOURISM HOLDINGS LIMITED

FNArena Sector : Travel, Leisure & Tourism
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 1.68
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.15

04 Mar
2026

0.000

OPEN

$2.15

0.000

HIGH

$2.18

17,421

LOW

$2.15

TARGET
$3.29 53.0% upside
OTHER COMPANIES IN THE SAME SECTOR
AIA . AIZ . CEH . CHL . CTD . EVT . EXP . FLT . HLO . KLS . QAN . SDR . SKO . SST . VGL . VRL . VVA . WEB . WJL . XPD .
FNARENA'S MARKET CONSENSUS FORECASTS
THL: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 18.8 xxx
DPS (cps) 8.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.4 xxx
Dividend Yield 3.9% xxx
Div Pay Ratio(%) 44.8% 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: 1.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.55

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: 18/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-10.7
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx854.9 M
Book Value Per Share xxxxxxxxxxxxxxx242.1
Net Operating Cash Flow xxxxxxxxxxxxxxx26.0 M
Net Profit Margin xxxxxxxxxxxxxxx-2.75 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-4.28 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.13 %
Return on Assets xxxxxxxxxxxxxxx-1.66 %
Return on Equity xxxxxxxxxxxxxxx-4.28 %
Return on Total Capital xxxxxxxxxxxxxxx26.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-19.4 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx58 M
Long Term Debt xxxxxxxxxxxxxxx646 M
Total Debt xxxxxxxxxxxxxxx704 M
Goodwill - Gross xxxxxxxxxxxxxxx188 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx0.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx38.6 M
Capex % of Sales xxxxxxxxxxxxxxx4.52 %
Cost of Goods Sold xxxxxxxxxxxxxxx437 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx102 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

1.0

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

24/02/2026

1

Buy

-

-

Tourism Holdings Rentals delivered first half net profit that was ahead of Ord Minnett's estimates, amid a material improvement in the outlook that reflects a major change in the used vehicle sales market in both Australasia and Canada.

The US outlook for RV sales remains highly uncertain given a dearth of international visitors. The company has closed its Brisbane factory and moved out of underperforming retail dealerships in Sydney RV and Kratzmann RV.

The broker suggests the Australasian division is ideally placed to deliver material earnings improvement in coming years, underpinned by a combination of rental yield and higher vehicle numbers.

Buy. Target edges up to NZ$2.86 from NZ$2.85.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 7.87 cents and EPS of 19.68 cents.
Ord Minnett forecasts a full year FY27 dividend of 11.99 cents and EPS of 30.06 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

04/03/2026

2

Overweight

-

-

Tourism Holdings delivered a result in line with Jarden, with normalised profit up 11% year on year. 

This marked a material improvement from a very weak 2H25, while a return to providing full year earnings guidance reflects increasing confidence that the business has indeed passed an inflection point, Jarden notes.

Notwithstanding a challenging US market where international tourism demand is weak, management views overall operating conditions as positive, with global tourism in "growth mode".

Tourism Holdings has undertaken a number of cost out and other strategic initiatives over recent periods, which Jarden expects will provide a solid platform for meaningful earnings growth as volumes recover.

Target rises to NZ$3.59 from NZ$3.49, Overweight retained.

FORECAST
Jarden forecasts a full year FY26 dividend of 8.95 cents and EPS of 18.25 cents.
Jarden forecasts a full year FY27 dividend of 11.63 cents and EPS of 26.48 cents.
Access Extra Coverage Research History >

THL STOCK CHART

FNArena News on THL

1
Australian Broker Call *Extra* Edition – Mar 04, 2026

Mar 04 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 24-02-2026

Feb 24 2026 - Australia
3
Australian Broker Call *Extra* Edition – Feb 18, 2026

Feb 18 2026 - Daily Market Reports
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 12-09-25

Sep 12 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Sep 11, 2025

Sep 11 2025 - Daily Market Reports

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