Tourism Holdings Limited, together with its subsidiaries, operates as a tourism company in Australia, New Zealand, and the United States. More Details
Undervalued with moderate growth potential.
Share Price & News
How has Tourism Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: THL's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: THL underperformed the NZ Transportation industry which returned 4.3% over the past year.
Return vs Market: THL underperformed the NZ Market which returned 2.1% over the past year.
Price Volatility Vs. Market
How volatile is Tourism Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StResults: Tourism Holdings Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
1 week ago | Simply Wall StImproved Earnings Required Before Tourism Holdings Limited (NZSE:THL) Stock's 37% Jump Looks Justified
1 month ago | Simply Wall StTourism Holdings' (NZSE:THL) Shareholders Are Down 59% On Their Shares
Is Tourism Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: THL (NZ$2.27) is trading below our estimate of fair value (NZ$21.39)
Significantly Below Fair Value: THL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: THL is good value based on its PE Ratio (12.2x) compared to the XX Transportation industry average (18.1x).
PE vs Market: THL is good value based on its PE Ratio (12.2x) compared to the NZ market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: THL is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: THL's PB Ratio (1x) is in line with the XX Transportation industry average.
How is Tourism Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THL's forecast earnings growth (26.6% per year) is above the savings rate (2.6%).
Earnings vs Market: THL's earnings (26.6% per year) are forecast to grow faster than the NZ market (11.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: THL's revenue (2.9% per year) is forecast to grow slower than the NZ market (5.5% per year).
High Growth Revenue: THL's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: THL's Return on Equity is forecast to be low in 3 years time (9.3%).
How has Tourism Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THL has high quality earnings.
Growing Profit Margin: THL's current net profit margins (6.8%) are lower than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: THL's earnings have grown by 8.8% per year over the past 5 years.
Accelerating Growth: THL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: THL had negative earnings growth (-8%) over the past year, making it difficult to compare to the Transportation industry average (-18.1%).
Return on Equity
High ROE: THL's Return on Equity (8.4%) is considered low.
How is Tourism Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: THL's short term assets (NZ$136.6M) exceed its short term liabilities (NZ$69.5M).
Long Term Liabilities: THL's short term assets (NZ$136.6M) do not cover its long term liabilities (NZ$259.0M).
Debt to Equity History and Analysis
Debt Level: THL's debt to equity ratio (53.1%) is considered high.
Reducing Debt: THL's debt to equity ratio has increased from 42.4% to 53.1% over the past 5 years.
Debt Coverage: THL's debt is well covered by operating cash flow (40%).
Interest Coverage: THL's interest payments on its debt are well covered by EBIT (3.6x coverage).
What is Tourism Holdings's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate THL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate THL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if THL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if THL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: THL is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of THL's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Grant Webster has been the Chief Executive Officer of Tourism Holdings Limited since December 2008 and served as its Chief Operating Officer of Attractions Division from 2005 to December 2008. Mr. Webs ...
CEO Compensation Analysis
Compensation vs Market: Grant's total compensation ($USD573.15K) is about average for companies of similar size in the NZ market ($USD509.17K).
Compensation vs Earnings: Grant's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||11.75yrs||NZ$875.72k||1.5% |
|GM of Finance & Acting CFO||1yr||no data||0.0036% |
|Chief Financial Officer||no data||no data||no data|
|Chief Operating Officer||no data||no data||no data|
|General Manager of People||3.67yrs||no data||no data|
|Chief Operating Officer of Australia||no data||no data||0.23% |
|Managing Director of Action Manufacturing LP||no data||no data||no data|
|Chief Operating Officer of Northern Hemisphere||no data||no data||no data|
|Chief Customer & Commercial Officer||no data||no data||no data|
|CEO and President of Road Bear RV Rentals & Sales||no data||no data||no data|
|President & GM of USA Operations - Road Bear RV||4.67yrs||no data||no data|
Experienced Management: THL's management team is considered experienced (4.2 years average tenure).
|Independent Director||1.5yrs||NZ$36.46k||0.0090% |
|Independent Non-Executive Director||5.5yrs||NZ$92.50k||0.065% |
|Independent Chairman||7.08yrs||NZ$166.67k||no data|
|Independent Non Executive Director||4yrs||NZ$83.33k||0.017% |
|Independent Director||3yrs||NZ$84.17k||0.023% |
|Independent Director||1.17yrs||no data||no data|
Experienced Board: THL's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tourism Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Tourism Holdings Limited
- Ticker: THL
- Exchange: NZSE
- Founded: 1984
- Industry: Trucking
- Sector: Transportation
- Market Cap: NZ$335.994m
- Shares outstanding: 148.01m
- Website: https://www.thlonline.com
Number of Employees
- Tourism Holdings Limited
- The Beach House
- Level 1
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|THL||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jan 1992|
Tourism Holdings Limited, together with its subsidiaries, operates as a tourism company in Australia, New Zealand, and the United States. The company operates through New Zealand Rentals, New Zealand Touri ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/29 10:38|
|End of Day Share Price||2020/09/29 00:00|
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.