TUI Valuation

Q: What is the Fair Price of TUI1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TUI1 (€6.37) is trading below our estimate of [[fair value]] (€13.8)

Is TUI1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TUI1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TUI1 (€6.37) is trading below our estimate of fair value (€13.8)

Significantly Below Fair Value: TUI1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TUI1?

Key metric: As TUI1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TUI1. This is calculated by dividing TUI1's market cap by their current earnings.
What is TUI1's PE Ratio?
PE Ratio	6.6x
Earnings	€539.30m
Market Cap	€3.56b

TUI1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.3x
Enterprise Value/EBITDA	5.8x
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

How does TUI1's PE Ratio compare to its peers?

The above table shows the PE ratio for TUI1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	35.2x
SHB Sofia Hotel Balkan AD	71.4x	n/a	лв236.9m
ALB Albena AD	26.1x	n/a	лв108.7m
ATAT Atour Lifestyle Holdings	22.2x	25.7%	US$3.5b
AWC Asset World Corp	21.2x	4.2%	฿114.6b
TUI1 TUI	6.6x	16.2%	€3.6b

Price-To-Earnings vs Peers: TUI1 is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (23.7x).

Price to Earnings Ratio vs Industry

How does TUI1's PE Ratio compare vs other companies in the European Hospitality Industry?

10 Companies	Price / Earnings	Estimated Growth	Market Cap

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TUI1 is good value based on its Price-To-Earnings Ratio (6.6x) compared to the European Hospitality industry average (18.7x).

Price to Earnings Ratio vs Fair Ratio

What is TUI1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TUI1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TUI1's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.