TUI
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TUI AG, together with its subsidiaries, provides tourism services worldwide. The last earnings update was 42 days ago. More info.
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TUI1 Share Price and Events
7 Day Returns
1 Year Returns
TUI1 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| TUI (TUI1) | -1.4% | -4.7% | -8.7% | -57.2% | -20.6% | -32.6% |
| DE Hospitality | -1.9% | -4% | -9.2% | -50.5% | -16.8% | -29.7% |
| DE Market | 1.5% | 1.3% | 2.2% | -5.8% | 17.6% | 8.7% |
1 Year Return vs Industry and Market
- TUI1 underperformed the Hospitality industry which returned -50.5% over the past year.
- TUI1 underperformed the Market in Germany which returned -5.8% over the past year.
TUI1 Value
Is TUI undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
TUI
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for TUI.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 15 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year DE Government Bond Rate | 0.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year DE Govt Bond Rate | 0.2% |
| Equity Risk Premium | S&P Global | 6% |
| Hospitality Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.922 (1 + (1- 30%) (64.55%)) |
1.227 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.23 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.227 * 5.96%) |
7.54% |
Discounted Cash Flow Calculation for XTRA:TUI1 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for TUI is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 7.54%) |
|
|---|---|---|---|
| 2019 | -391.22 | Analyst x6 | -363.79 |
| 2020 | 554.74 | Analyst x5 | 479.69 |
| 2021 | 647.00 | Analyst x5 | 520.25 |
| 2022 | 649.00 | Analyst x2 | 485.28 |
| 2023 | 715.50 | Analyst x2 | 497.50 |
| 2024 | 753.82 | Est @ 5.36% | 487.40 |
| 2025 | 782.60 | Est @ 3.82% | 470.53 |
| 2026 | 804.05 | Est @ 2.74% | 449.54 |
| 2027 | 820.02 | Est @ 1.99% | 426.33 |
| 2028 | 831.99 | Est @ 1.46% | 402.23 |
| Present value of next 10 years cash flows | €3,854.96 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €831.99 × (1 + 0.23%) ÷ (7.54% – 0.23%) |
€11,406.63 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €11,406.63 ÷ (1 + 7.54%)10 |
€5,514.64 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €3,854.96 + €5,514.64 |
€9,369.59 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €9,369.59 / 587.90 |
€15.94 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €15.94 |
| Current discount | Discount to share price of
€8.17
= -1 x (€8.17 - €15.94) / €15.94 |
48.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- TUI's share price is below the future cash flow value, and at a moderate discount (> 20%).
- TUI's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for TUI's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
TUI's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €1.08 |
| XTRA:TUI1 Share Price ** | XTRA (2019-06-25) in EUR | €8.17 |
| Germany Hospitality Industry PE Ratio | Median Figure of 10 Publicly-Listed Hospitality Companies | 18.5x |
| Germany Market PE Ratio | Median Figure of 425 Publicly-Listed Companies | 19.8x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of TUI.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = XTRA:TUI1 Share Price ÷ EPS (both in EUR) = 8.17 ÷ 1.08 |
7.6x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TUI is good value based on earnings compared to the DE Hospitality industry average.
- TUI is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does
TUI's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.6x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts |
22.6%per year |
| Germany Hospitality Industry PEG Ratio | Median Figure of 5 Publicly-Listed Hospitality Companies | 1.28x |
| Germany Market PEG Ratio | Median Figure of 272 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.6x ÷ 22.6% |
0.34x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TUI is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
TUI's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €4.35 |
| XTRA:TUI1 Share Price * | XTRA (2019-06-25) in EUR | €8.17 |
| Germany Hospitality Industry PB Ratio | Median Figure of 12 Publicly-Listed Hospitality Companies | 2.18x |
| Germany Market PB Ratio | Median Figure of 574 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = XTRA:TUI1 Share Price ÷ Book Value per Share (both in EUR) = 8.17 ÷ 4.35 |
1.88x |
* Primary Listing of TUI.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TUI is good value based on assets compared to the DE Hospitality industry average.
Value checks
We assess TUI's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check) TUI has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
TUI1 Future Performance
How is TUI expected to perform in the next 1 to 3 years based on estimates from 15 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- TUI's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- TUI's earnings growth is expected to exceed the Germany market average.
- TUI's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| XTRA:TUI1 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts | 22.6% |
| XTRA:TUI1 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts | 3.1% |
| Germany Hospitality Industry Earnings Growth Rate | Market Cap Weighted Average | 21% |
| Germany Hospitality Industry Revenue Growth Rate | Market Cap Weighted Average | 3.9% |
| Germany Market Earnings Growth Rate | Market Cap Weighted Average | 12.6% |
| Germany Market Revenue Growth Rate | Market Cap Weighted Average | 5.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 21,736 | 2 | ||
| 2022-09-30 | 21,862 | 1,536 | 4 | |
| 2021-09-30 | 21,126 | 1,323 | 729 | 12 |
| 2020-09-30 | 20,361 | 1,246 | 648 | 15 |
| 2019-09-30 | 19,668 | 871 | 400 | 13 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 19,634 | 877 | 633 |
| 2018-12-31 | 19,678 | 891 | 664 |
| 2018-09-30 | 19,524 | 1,151 | 694 |
| 2018-06-30 | 18,988 | 1,482 | 782 |
| 2018-03-31 | 18,747 | 1,418 | 813 |
| 2017-12-31 | 18,674 | 1,402 | 794 |
| 2017-09-30 | 18,535 | 1,583 | 794 |
| 2017-06-30 | 17,894 | 1,374 | 532 |
| 2017-03-31 | 17,358 | 1,322 | 451 |
| 2016-12-31 | 17,224 | 1,306 | 399 |
| 2016-09-30 | 17,154 | 1,035 | 350 |
| 2016-06-30 | 16,417 | 1,316 | 171 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
All data from TUI Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | ||||
| 2022-09-30 | ||||
| 2021-09-30 | 1.34 | 1.45 | 1.27 | 3.00 |
| 2020-09-30 | 1.18 | 1.31 | 0.99 | 5.00 |
| 2019-09-30 | 0.72 | 0.76 | 0.64 | 3.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.08 |
| 2018-12-31 | 1.13 |
| 2018-09-30 | 1.18 |
| 2018-06-30 | 1.34 |
| 2018-03-31 | 1.39 |
| 2017-12-31 | 1.36 |
| 2017-09-30 | 1.36 |
| 2017-06-30 | 0.91 |
| 2017-03-31 | 0.77 |
| 2016-12-31 | 0.69 |
| 2016-09-30 | 0.60 |
| 2016-06-30 | 0.28 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess TUI's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
TUI has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
TUI1 Past Performance
How has TUI performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- TUI has delivered over 20% year on year earnings growth in the past 5 years.
- TUI's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- TUI's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
All data from TUI Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 19,634.40 | 633.40 | 1,249.10 | |
| 2018-12-31 | 19,678.10 | 663.70 | 1,245.60 | |
| 2018-09-30 | 19,523.90 | 693.80 | 1,233.60 | |
| 2018-06-30 | 18,988.10 | 781.70 | 1,161.00 | |
| 2018-03-31 | 18,747.10 | 813.20 | 1,195.70 | |
| 2017-12-31 | 18,673.60 | 794.10 | 1,160.50 | |
| 2017-09-30 | 18,535.00 | 794.30 | 1,178.90 | |
| 2017-06-30 | 17,893.80 | 531.70 | 1,206.70 | |
| 2017-03-31 | 17,358.10 | 451.20 | 1,152.40 | |
| 2016-12-31 | 17,223.60 | 399.30 | 1,155.90 | |
| 2016-09-30 | 17,153.90 | 350.10 | 1,180.20 | |
| 2016-06-30 | 16,416.70 | 171.20 | 1,153.80 | |
| 2016-03-31 | 17,053.00 | 139.80 | 1,218.20 | |
| 2015-12-31 | 17,371.40 | 298.10 | 1,294.50 | |
| 2015-09-30 | 17,515.50 | 357.50 | 1,307.10 | |
| 2015-06-30 | 18,777.50 | 172.70 | 1,454.90 | |
| 2015-03-31 | 18,678.50 | 125.30 | 1,475.80 | |
| 2014-12-31 | 18,549.70 | 94.20 | 1,480.40 | |
| 2014-09-30 | 18,536.80 | 82.60 | 1,481.80 | |
| 2014-06-30 | 18,206.50 | 110.70 | 1,442.40 | |
| 2014-03-31 | 18,108.50 | 137.10 | 1,435.90 | |
| 2013-12-31 | 18,325.30 | -6.50 | 1,445.80 | |
| 2013-09-30 | 18,477.50 | -34.70 | 1,488.70 | |
| 2013-06-30 | 18,393.50 | -158.60 | 1,520.00 | |
| 2013-03-31 | 18,439.20 | -165.40 | 1,501.40 | |
| 2012-12-31 | 18,377.40 | -91.50 | 1,596.00 | |
| 2012-09-30 | 18,330.30 | -40.50 | 1,504.50 | |
| 2012-06-30 | 18,183.70 | -46.60 | 1,598.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- TUI has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- TUI used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
- TUI's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess TUI's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
TUI has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
TUI1 Health
How is TUI's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up TUI's finances.
The net worth of a company is the difference between its assets and liabilities.
- TUI's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- TUI's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from TUI Company Filings, last reported 2 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 3,290.40 | 3,101.40 | 1,137.30 |
| 2018-12-31 | 3,846.50 | 2,761.50 | 919.70 |
| 2018-09-30 | 4,333.60 | 1,100.20 | 2,548.00 |
| 2018-06-30 | 3,498.70 | 2,030.50 | 2,598.00 |
| 2018-03-31 | 2,993.20 | 1,977.80 | 1,343.10 |
| 2017-12-31 | 3,511.00 | 1,871.40 | 997.20 |
| 2017-09-30 | 3,533.70 | 706.60 | 2,516.10 |
| 2017-06-30 | 2,416.40 | 1,992.20 | 2,515.60 |
| 2017-03-31 | 2,845.00 | 2,027.40 | 1,018.30 |
| 2016-12-31 | 3,427.20 | 2,177.70 | 978.30 |
| 2016-09-30 | 3,248.20 | 809.40 | 2,072.90 |
| 2016-06-30 | 2,128.40 | 2,121.40 | 1,939.00 |
| 2016-03-31 | 1,767.90 | 2,505.20 | 1,159.60 |
| 2015-12-31 | 2,114.70 | 2,917.60 | 1,334.70 |
| 2015-09-30 | 2,417.30 | 904.40 | 2,007.60 |
| 2015-06-30 | 1,813.40 | 1,882.90 | 2,064.80 |
| 2015-03-31 | 1,835.60 | 2,738.90 | 1,533.30 |
| 2014-12-31 | 1,837.50 | 2,725.70 | 1,579.20 |
| 2014-09-30 | 2,530.20 | 1,465.00 | 2,258.00 |
| 2014-06-30 | 1,404.50 | 1,761.10 | 1,939.30 |
| 2014-03-31 | 1,442.90 | 3,422.20 | 2,105.20 |
| 2013-12-31 | 1,800.70 | 3,577.20 | 1,825.40 |
| 2013-09-30 | 1,996.80 | 2,434.00 | 2,701.70 |
| 2013-06-30 | 1,689.20 | 2,181.90 | 1,706.60 |
| 2013-03-31 | 1,729.00 | 2,800.20 | 1,367.40 |
| 2012-12-31 | 1,746.30 | 3,318.70 | 1,379.40 |
| 2012-09-30 | 2,067.10 | 2,223.40 | 2,278.40 |
| 2012-06-30 | 1,550.00 | 2,627.30 | 1,868.70 |
- TUI's level of debt (94.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (236.3% vs 94.3% today).
- Debt is well covered by operating cash flow (28.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 11.5x coverage).
Financial health checks
We assess TUI's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) TUI has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
TUI1 Dividends
What is TUI's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
TUI
shares you are expected to receive
€176
in your first year as a dividend.
Dividend Amount
- TUI's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
- TUI's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Germany Hospitality Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 8.2% |
| Germany Market Average Dividend Yield | Market Cap Weighted Average of 328 Stocks | 3.2% |
| Germany Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| Germany Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| Germany Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-09-30 | 0.88 | 1.00 |
| 2022-09-30 | 0.89 | 2.00 |
| 2021-09-30 | 0.83 | 7.00 |
| 2020-09-30 | 0.77 | 10.00 |
| 2019-09-30 | 0.60 | 8.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-13 | 0.720 | 7.269 |
| 2017-12-13 | 0.650 | 3.839 |
| 2016-12-08 | 0.630 | 4.584 |
| 2015-12-10 | 0.560 | 4.363 |
| 2014-12-08 | 0.330 | 2.083 |
| 2014-10-02 | 0.150 | 1.247 |
| 2013-12-11 | 0.150 | 1.257 |
| 2009-10-15 | 0.000 | 0.000 |
| 2009-07-30 | 0.000 | 0.000 |
| 2009-04-30 | 0.000 | 0.000 |
| 2008-12-11 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, TUI has been paying a dividend for less than 10 years.
- Dividend payments have increased, but TUI only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of
TUI's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.5x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess TUI's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can TUI afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) TUI has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
TUI1 Management
CEO
| COMPENSATION | €4,754,100 |
| AGE | 55 |
| TENURE AS CEO | 3.3 years |
CEO Bio
Mr. Friedrich Joussen, also known as Fritz, has been the Chief Executive Officer of TUI AG since February 2016 and also served as its Joint Chief Executive since December 2014. Mr. Joussen has been the Chairman of the Management Board of TUI AG since February 13, 2013 and served as its Chief Executive Officer since February 13, 2013. He also has been a Member of Executive Board at TUI AG since October 2012. He served as the Chief Executive Officer of Vodafone GmbH and Vodafone AG & Co. KG. He served as the Chief Executive Officer of Vodafone Germany/Vodafone D2 GmbH, a subsidiary of Vodafone Group plc from October 1, 2005 to April 1, 2012 and also served as its Chief Operating Officer from November 2003 to April 1, 2012 and Vice President of Marketing & Product Management since 1997. He served as a Member of Management Board of Vodafone D2 GmbH. He served as the Chief Executive Officer at Arcor AG & Co. KG. He served as an Acting Chief Executive Officer for Europe of Vodafone Group PLC until May 1, 2006. He served as the Chairman of the Executive Board of Vodafone Germany from October 1, 2005 to April 1, 2012. He started his career at Tektronix in the US and joined Mannesmann in 1988 and Vodafone D2 GmbH in 1990. He has been the Chairman of Supervisory Board at Sixt SE since June 2017. From December 2000 to November 2003, he served as Vodafone's Director of Global Product Management. He has been the Chairman of TUI Travel Plc since March 25, 2013 and its Non-Executive Director since February 8, 2013. He holds holds a Degree in Electrical Engineering from Aachen/Germany.
CEO Compensation
- Fritz's compensation has been consistent with company performance over the past year, both up more than 20%.
- Fritz's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the TUI management team in years:
- The tenure for the TUI management team is about average.
Management Team
Fritz Joussen
Chairman of Executive Board & CEO
€5M
55
3.3 yrs
Birgit Conix
CFO & Member of the Executive Board
€1M
53
0.7 yrs
Sebastian Ebel
Member of the Executive Board and CEO of Hotels & Resorts
€2M
54
4.5 yrs
David Burling
Member of the Executive Board and CEO of Markets & Airlines
€2M
50
4 yrs
Elke Eller
HR & Labour Director and Member of the Executive Board
€2M
56
3.7 yrs
Frank Rosenberger
Member of Executive Board
€2M
50
2.4 yrs
Wolfgang Flintermann
Group Director of Financial Accounting & Reporting and Member of Supervisory Board
€99K
49
7.4 yrs
Hilka Schneider
Group Director of Legal
5.3 yrs
Michael Röll
Head of Group Communications
Erik Friemuth
Group Chief Marketing Officer
Board of Directors Tenure
Average tenure and age of the TUI board of directors in years:
- The tenure for the TUI board of directors is about average.
Board of Directors
Dieter Zetsche
Chairman of Supervisory Board
€62K
65
0.1 yrs
Frank Jakobi
Deputy Chairman of Supervisory Board
€305K
56
5.1 yrs
Peter Long
Second Deputy Chairman of Supervisory Board
€275K
66
1.3 yrs
Wolfgang Flintermann
Group Director of Financial Accounting & Reporting and Member of Supervisory Board
€99K
49
3 yrs
Edgar Ernst
Member of Supervisory Board
€244K
66
8.3 yrs
Andreas Barczewski
Member of Supervisory Board
€177K
51
13.1 yrs
Anette Strempel
Member of Supervisory Board
€164K
52
10.4 yrs
Ortwin Strubelt
Member of Supervisory Board
€212K
54
10.2 yrs
Angelika Gifford
Member of Supervisory Board
€145K
53
7.3 yrs
Michael Pönipp
Member of Supervisory Board
€179K
62
6.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess TUI's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) TUI has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
TUI1 News
Simply Wall St News
Is It Time To Consider Buying TUI AG (ETR:TUI1)?
Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Its future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy TUI1.
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The TUI AG's (ETR:TUI1) Shareholder Register?
Insider Ownership Of TUI The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership Our data indicates that Private Companies hold 3.4%, of the company's shares. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
Simply Wall St - – Full articleDoes TUI AG's (ETR:TUI1) P/E Ratio Signal A Buying Opportunity?
The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for TUI: P/E of 7.83 = €8.42 ÷ €1.08 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … One good way to get a quick read on what market participants expect of a company is to look at its P/E ratio. … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.
Simply Wall St - – Full articleHow Much is TUI AG's (ETR:TUI1) CEO Getting Paid?
View our latest analysis for TUI How Does Fritz Joussen's Compensation Compare With Similar Sized Companies? … When we examined a selection of companies with market caps ranging from €3.6b to €11b, we found the median CEO total compensation was €2.9m. … Thus we can conclude that Fritz Joussen receives more in total compensation than the median of a group of companies in the same market, and of similar size to TUI AG.
Simply Wall St - – Full articleDoes TUI AG’s (ETR:TUI1) ROCE Reflect Well On The Business?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for TUI: 0.069 = €535m ÷ (€16b - €7.8b) (Based on the trailing twelve months to March 2019.) So, TUI has an ROCE of 6.9%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.
Simply Wall St - – Full articleTUI AG (ETR:TUI1) Delivered A Better ROE Than Its Industry
The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for TUI: 21% = €633m ÷ €3.3b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises. … In my book the highest quality companies have high return on equity, despite low debt.
Simply Wall St - – Full articleWhat Investors Should Know About TUI AG's (ETR:TUI1) Financial Strength
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like TUI AG (ETR:TUI1), with a market cap of €5.9b, are often out of the spotlight. … However, history shows that overlooked mid-cap companies have performed better on a risk-adjusted manner than the smaller and larger segment of the market. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.
Simply Wall St - – Full articleCan TUI AG (ETR:TUI1) Save Your Portfolio?
And I'm not talking about buying into speculative, high-risk stocks. … Generally, large-cap stocks are well-resourced and well-established meaning that a bear market will cause it to rejig some short-term capital allocations, but stock market volatility is hardly detrimental to its financial health and business operations … Therefore large-cap stocks are a safe bet to buy more of when the wider market is going down and down.
Simply Wall St - – Full articleHow Much Money Does TUI AG (ETR:TUI1) Make?
I’ve analysed below, the health and outlook of TUI’s cash flow, which will help you understand the stock from a cash standpoint. … TUI’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing TUI’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleDoes TUI AG's (ETR:TUI1) March Stock Price Reflect Its Future Growth?
Looking at TUI AG’s (ETR:TUI1) fundamentals some investors are wondering if its last closing price of €9.118 represents a good value for money for this high growth stock. … Let’s look into this by assessing TUI1's expected growth over the next few years. … If you believe the analysts covering the stock then the following year will be very interesting
Simply Wall St - – Full articleTUI1 Company Info
Description
TUI AG, together with its subsidiaries, provides tourism services worldwide. It operates hotels and resorts under the Robinson, Riu, TUI Blue, and TUI Magic Life brands, as well as involved in the tour operation and airlines businesses. The company also operates cruise liners; and provides incoming agency services. It operates a fleet of 1,600 travel agencies and online portals; 6 airlines with approximately 150 aircrafts; and 16 cruise liners, as well as approximately 380 hotels. TUI AG is based in Hanover, Germany.
Details
| Name: | TUI AG |
| TUI1 | |
| Exchange: | XTRA |
| Founded: | |
| €4,804,329,456 | |
| 587,901,304 | |
| Website: | http://www.tuigroup.com |
| Address: |
TUI AG Karl-Wiechert-Allee 4, Hanover, Lower Saxony, 30625, Germany |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| XTRA | TUI1 | Registered Shares | XETRA Trading Platform | DE | EUR | 02. Jan 1980 | |
| OTCPK | TUIF.F | Registered Shares | Pink Sheets LLC | US | USD | 02. Jan 1980 | |
| DB | TUI1 | Registered Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1980 | |
| LSE | TUI | Registered Shares | London Stock Exchange | GB | GBP | 02. Jan 1980 | |
| SWX | TUI1 | Registered Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1980 | |
| BMV | TUI N | Registered Shares | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1980 | |
| BATS-CHIXE | TUIL | Registered Shares | BATS 'Chi-X Europe' | GB | GBP | 02. Jan 1980 | |
| BATS-CHIXE | TUI1D | Registered Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1980 | |
| OTCPK | TUIF.Y | UNSP ADR EACH REPR 0.50 ORD | Pink Sheets LLC | US | USD | 16. Oct 2008 | |
| BST | TUI2 | UNSP ADR EACH REPR 0.50 ORD | Boerse-Stuttgart | DE | EUR | 16. Oct 2008 |
Number of employees
Current staff
Industry
| Hotels, Resorts and Cruise Lines | |
| Consumer Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/26 02:29 |
| End of day share price update: | 2019/06/25 00:00 |
| Last estimates confirmation: | 2019/06/21 |
| Last earnings filing: | 2019/05/15 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/09/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
