Projected Income Statement: TUI AG

Forecast Balance Sheet: TUI AG

Fiscal Period: September 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 3,036 4,966 3,522 2,106 1,641 1,585 1,095 892
Change - 63.57% -29.08% -40.2% -22.08% -3.38% -30.91% -18.54%
Announcement Date 12/10/20 12/8/21 12/14/22 12/6/23 12/11/24 - - -
1EUR in Million
Estimates

Cash Flow Forecast: TUI AG

Fiscal Period: September 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 587 299.7 308.2 666.2 712.5 789.5 801.7 869.8
Change - -48.94% 2.84% 116.16% 6.95% 10.81% 1.54% 8.49%
Free Cash Flow (FCF) 1 -3,359 -451 1,562 971.1 1,198 554.2 750.8 842.8
Change - -86.57% -446.36% -37.83% 23.4% -53.75% 35.47% 12.27%
Announcement Date 12/10/20 12/8/21 12/14/22 12/6/23 12/11/24 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: TUI AG

Fiscal Period: September 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) -20.33% -24.2% 7.4% 8.59% 9.15% 9.34% 9.45% 9.49%
EBIT Margin (%) -38.18% -43.86% 2.47% 4.73% 5.59% 5.75% 6% 6.1%
EBT Margin (%) -40.33% -52.03% -0.88% 2.67% 3.72% 4.12% 4.42% 4.84%
Net margin (%) -39.63% -52.13% -1.68% 1.48% 2.19% 2.51% 2.88% 3.24%
FCF margin (%) -42.28% -9.53% 9.44% 4.7% 5.17% 2.25% 2.96% 3.18%
FCF / Net Income (%) 106.69% 18.28% -563.32% 317.35% 236.3% 89.86% 102.86% 98.22%

Profitability

        
ROA -19.95% -16.73% -1.89% 1.95% 3.02% 3.37% 3.8% 4.2%
ROE -209.49% - - 62.37% 48.78% 52.64% 42.08% 42.33%

Financial Health

        
Leverage (Debt/EBITDA) -1.88x -4.34x 2.88x 1.19x 0.77x 0.69x 0.46x 0.36x
Debt / Free cash flow -0.9x -11.01x 2.25x 2.17x 1.37x 2.86x 1.46x 1.06x

Capital Intensity

        
CAPEX / Current Assets (%) 7.39% 6.33% 1.86% 3.22% 3.08% 3.21% 3.16% 3.29%
CAPEX / EBITDA (%) -36.35% -26.17% 25.17% 37.53% 33.61% 34.35% 33.46% 34.64%
CAPEX / FCF (%) -17.48% -66.45% 19.73% 68.6% 59.46% 142.46% 106.78% 103.19%

Items per share

        
Cash flow per share 1 -47.05 -1.585 12.71 4.029 3.698 2.585 3.061 2.559
Change - -96.63% -901.87% -68.3% -8.22% -30.09% 18.4% -16.4%
Dividend per Share 1 - - - - - 0.0106 0.153 0.3116
Change - - - - - - 1,339.6% 103.63%
Book Value Per Share 1 -7.59 -9.876 -0.8662 2.213 1.885 2.677 4.013 5.293
Change - 30.12% -91.23% -355.47% -14.82% 42% 49.91% 31.92%
EPS 1 -53.4 -25.8 -1.7 0.75 0.99 1.166 1.365 1.549
Change - -51.69% -93.41% -144.12% 32% 17.73% 17.08% 13.49%
Nbr of stocks (in thousands) 59,042 109,908 178,481 507,431 507,431 507,431 507,431 507,431
Announcement Date 12/10/20 12/8/21 12/14/22 12/6/23 12/11/24 - - -
1EUR
Estimates
2025 *2026 *
P/E ratio 6.23x 5.32x
PBR 2.71x 1.81x
EV / Sales 0.21x 0.19x
Yield 0.15% 2.11%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
BBB
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
7.266EUR
Average target price
10.28EUR
Spread / Average Target
+41.47%
Consensus

Quarterly revenue - Rate of surprise