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TUI

XTRA:TUI1
Snowflake Description

Very undervalued with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TUI1
XTRA
€5B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

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
-1.4%
XTRA:TUI1
-1.9%
DE Hospitality
1.5%
DE Market
1 Year Returns
-57.2%
XTRA:TUI1
-50.5%
DE Hospitality
-5.8%
DE Market
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.
Price Volatility
TUI1
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TUI.

XTRA:TUI1 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for XTRA:TUI1
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.

XTRA:TUI1 DCF 1st Stage: Next 10 year cash flow forecast
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
XTRA:TUI1 DCF 2nd Stage: Terminal Value
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
XTRA:TUI1 Total Equity Value
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
XTRA:TUI1 Discount to Share Price
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
Amount off the current price TUI is available for.
Intrinsic value
49%
Share price is €8.17 vs Future cash flow value of €15.94
Current Discount Checks
For TUI to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
XTRA:TUI1 PE (Price to Earnings) Ratio Data Sources
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.

XTRA:TUI1 PE (Price to Earnings) Ratio Calculation
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?
Raw Data
XTRA:TUI1 PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

XTRA:TUI1 PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
XTRA:TUI1 PB (Price to Book) Ratio Data Sources
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
XTRA:TUI1 PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess TUI's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
22.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TUI expected to grow at an attractive rate?
  • 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
Raw Data
XTRA:TUI1 Future Growth Rates Data Sources
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
Raw Data
XTRA:TUI1 Analysts Growth Expectations Data Sources
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 numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:TUI1 Future Estimates Data
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
XTRA:TUI1 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • TUI's earnings are expected to grow significantly at over 20% yearly.
  • TUI's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:TUI1 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.

XTRA:TUI1 Future Estimates Data
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
XTRA:TUI1 Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TUI is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess TUI's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare TUI's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
TUI's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TUI Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:TUI1 Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess TUI's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of TUI's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from TUI Company Filings, last reported 2 months ago.

XTRA:TUI1 Past Debt and Equity Data
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).
X
Financial health checks
We assess TUI's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TUI has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
8.81%
Current annual income from TUI dividends. Estimated to be 9.12% next year.
If you bought €2,000 of TUI shares you are expected to receive €176 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
XTRA:TUI1 Annualized Past and Future Dividends
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.

XTRA:TUI1 Future Dividends Estimate Data
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
XTRA:TUI1 Past Annualized Dividends Data
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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess TUI's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of TUI's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fritz Joussen
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:

3.8
Average Tenure
53
Average Age
  • The tenure for the TUI management team is about average.
Management Team

Fritz Joussen

TITLE
Chairman of Executive Board & CEO
COMPENSATION
€5M
AGE
55
TENURE
3.3 yrs

Birgit Conix

TITLE
CFO & Member of the Executive Board
COMPENSATION
€1M
AGE
53
TENURE
0.7 yrs

Sebastian Ebel

TITLE
Member of the Executive Board and CEO of Hotels & Resorts
COMPENSATION
€2M
AGE
54
TENURE
4.5 yrs

David Burling

TITLE
Member of the Executive Board and CEO of Markets & Airlines
COMPENSATION
€2M
AGE
50
TENURE
4 yrs

Elke Eller

TITLE
HR & Labour Director and Member of the Executive Board
COMPENSATION
€2M
AGE
56
TENURE
3.7 yrs

Frank Rosenberger

TITLE
Member of Executive Board
COMPENSATION
€2M
AGE
50
TENURE
2.4 yrs

Wolfgang Flintermann

TITLE
Group Director of Financial Accounting & Reporting and Member of Supervisory Board
COMPENSATION
€99K
AGE
49
TENURE
7.4 yrs

Hilka Schneider

TITLE
Group Director of Legal
TENURE
5.3 yrs

Michael Röll

TITLE
Head of Group Communications

Erik Friemuth

TITLE
Group Chief Marketing Officer
Board of Directors Tenure

Average tenure and age of the TUI board of directors in years:

6.7
Average Tenure
55
Average Age
  • The tenure for the TUI board of directors is about average.
Board of Directors

Dieter Zetsche

TITLE
Chairman of Supervisory Board
COMPENSATION
€62K
AGE
65
TENURE
0.1 yrs

Frank Jakobi

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€305K
AGE
56
TENURE
5.1 yrs

Peter Long

TITLE
Second Deputy Chairman of Supervisory Board
COMPENSATION
€275K
AGE
66
TENURE
1.3 yrs

Wolfgang Flintermann

TITLE
Group Director of Financial Accounting & Reporting and Member of Supervisory Board
COMPENSATION
€99K
AGE
49
TENURE
3 yrs

Edgar Ernst

TITLE
Member of Supervisory Board
COMPENSATION
€244K
AGE
66
TENURE
8.3 yrs

Andreas Barczewski

TITLE
Member of Supervisory Board
COMPENSATION
€177K
AGE
51
TENURE
13.1 yrs

Anette Strempel

TITLE
Member of Supervisory Board
COMPENSATION
€164K
AGE
52
TENURE
10.4 yrs

Ortwin Strubelt

TITLE
Member of Supervisory Board
COMPENSATION
€212K
AGE
54
TENURE
10.2 yrs

Angelika Gifford

TITLE
Member of Supervisory Board
COMPENSATION
€145K
AGE
53
TENURE
7.3 yrs

Michael Pönipp

TITLE
Member of Supervisory Board
COMPENSATION
€179K
AGE
62
TENURE
6.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess TUI's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

What 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 -

Does 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 -

How 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 -

Does 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 -

TUI 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 -

What 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 -

Can 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 -

How 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 -

Does 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 -

TUI1 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
Staff numbers
60,135
TUI employees.
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.