Tourism Holdings Ltd
NZX:THL

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Tourism Holdings Ltd
NZX:THL
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Price: 2.1 NZD Market Closed
Market Cap: NZ$464.3m

EV/EBIT

13.1
Current
0%
Cheaper
vs 3-y average of 13.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
13.1
=
Enterprise Value
NZ$1.3B
/
EBIT
NZ$86.3m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
13.1
=
Enterprise Value
NZ$1.3B
/
EBIT
NZ$86.3m

Valuation Scenarios

Tourism Holdings Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (13.1), the stock would be worth NZ$2.1 (0% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-20%
Maximum Upside
+40%
Average Upside
9%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 13.1 NZ$2.1
0%
3-Year Average 13.1 NZ$2.1
+0%
5-Year Average 10.4 NZ$1.67
-20%
Industry Average 15.4 NZ$2.48
+18%
Country Average 18.4 NZ$2.95
+40%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
NZ$1.3B
/
Jan 2026
NZ$86.3m
=
13.1
Current
NZ$1.3B
/
Jun 2026
NZ$111.8m
=
11.2
Forward
NZ$1.3B
/
Jun 2027
NZ$143.6m
=
8.7
Forward
NZ$1.3B
/
Jun 2028
NZ$162.5m
=
7.7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
NZ
Tourism Holdings Ltd
NZX:THL
464.3m NZD 13.1 -22
US
Uber Technologies Inc
NYSE:UBER
157B USD 27.7 15.3
US
Old Dominion Freight Line Inc
NASDAQ:ODFL
45.9B USD 34.2 45.6
US
XPO Logistics Inc
NYSE:XPO
25.9B USD 40.1 83.2
US
J B Hunt Transport Services Inc
NASDAQ:JBHT
23.3B USD 28.1 38.2
CN
DiDi Global Inc
OTC:DIDIY
19.1B USD -21.7 131
SG
Grab Holdings Ltd
NASDAQ:GRAB
16.6B USD 45.3 60.5
US
Avis Budget Group Inc
NASDAQ:CAR
15.5B USD 25.3 -8.4
US
Saia Inc
NASDAQ:SAIA
11.5B USD 33.8 46.1
CA
TFI International Inc
TSX:TFII
15.3B CAD 25.3 36.7
BR
Localiza Rent a Car SA
BOVESPA:RENT3
52.6B BRL 8.1 27.5

Market Distribution

Lower than 84% of companies in New Zealand
Percentile
16th
Based on 200 companies
16th percentile
13.1
Low
4.9 — 14.7
Typical Range
14.7 — 29.3
High
29.3 —
Distribution Statistics
New Zealand
Min 4.9
30th Percentile 14.7
Median 18.4
70th Percentile 29.3
Max 518.2

Tourism Holdings Ltd
Glance View

Market Cap
464.3m NZD
Industry
Road & Rail

Tourism Holdings Ltd. engages in the manufacture, rental, and sale of motorhomes and other tourism related activities. Its segments include New Zealand Rentals, which includes rental of Maui, Britz and mighty motorhomes, and the sale of motorhomes; Action Manufacturing, which is engaged in manufacturing and the sale of motorhomes and other speciality vehicles; Tourism Group, which offers kiwi experience and the discover waitomo caves group experiences; Australia Rentals, which includes rental of Maui, Britz and mighty motorhomes and four wheel drive (4WD) vehicles, and the sale of motorhomes; United States Rentals, which includes rental and sale of Road Bear, Britz, Mighty and El Monte recreational vehicles (RVs); and Other, which includes Group Support Services, and thl digital. The thl digital includes Mighway, SHAREaCAMPER, Cosmos and Outdoria. Its subsidiaries include JJ Motorcars Inc, El Monte Rents Inc, Waitomo Caves Limited, and Tourism Holdings Australia Pty Limited.

THL Intrinsic Value
4.51 NZD
Undervaluation 53%
Intrinsic Value
Price NZ$2.1
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