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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Thomas Cook Group    TCG   GB00B1VYCH82

THOMAS COOK GROUP

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Thomas Cook : Analysts suggest Thomas Cook spins off airline

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12/07/2018 | 07:48am EDT

Analysts at Barclays have suggested that Thomas Cook Group should spin off the airline unit from its core tour operator business in order to reduce the group`s debt, The Daily Mail has reported.

Thomas Cook itself declined to comment on the report, although reports earlier this year suggested that the group might be contemplating selling the airline unit.

Barclays said that the group`s debts are about two-thirds of its valuation, which currently stands at GBP558 million pounds (USD715 million). The bank pointed out that the tour operator is under pressure from independent rivals allowing for self-organised trips, as well as from the climate changes which lead to warmer summers in Europe and thus discourage customers from travelling abroad for holidays.

The group currently owns Thomas Cook Airlines UK (MT, Manchester Int`l), Condor (DE, Frankfurt Int`l), Air Berlin Aviation (H3, Frankfurt Int`l), Thomas Cook Airlines Scandinavia (DK, Copenhagen Kastrup), and Thomas Cook Airlines Balearics (H5, Palma Son Sant Joan).

(c) 2018 South Sudan News Agency. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (GBP)
Sales 2019 9 457 M
EBIT 2019 273 M
Net income 2019 18,5 M
Debt 2019 409 M
Yield 2019 0,52%
P/E ratio 2019 9,11
P/E ratio 2020 7,80
EV / Sales 2019 0,09x
EV / Sales 2020 0,08x
Capitalization 468 M
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Mean consensus HOLD
Number of Analysts 13
Average target price 0,42  GBP
Spread / Average Target 38%
EPS Revisions
Managers
NameTitle
Peter Fankhauser Group Chief Executive Officer & Director
François Louis Meysman Non-Executive Chairman
Sten Daugaard Chief Financial Officer & Executive Director
Dawn Elizabeth Airey Senior Independent Non-Executive Director
Martine Germaine Verluyten Independent Non-Executive Director
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