Tourism Holdings Ltd
NZX:THL

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Tourism Holdings Ltd
NZX:THL
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Price: 2.07 NZD -1.43% Market Closed
Market Cap: NZ$457.7m

EV/S

1.2
Current
10%
Cheaper
vs 3-y average of 1.3

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

EV/S
1.2
=
Enterprise Value
NZ$1.3B
/
Revenue
NZ$956.2m

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

EV/S
1.2
=
Enterprise Value
NZ$1.3B
/
Revenue
NZ$956.2m

Valuation Scenarios

Tourism Holdings Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (1.3), the stock would be worth NZ$2.29 (11% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+170%
Average Upside
51%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.2 NZ$2.07
0%
3-Year Average 1.3 NZ$2.29
+11%
5-Year Average 1.3 NZ$2.28
+10%
Industry Average 1.3 NZ$2.32
+12%
Country Average 3.2 NZ$5.58
+170%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
NZ$1.3B
/
Jan 2026
NZ$956.2m
=
1.2
Current
NZ$1.3B
/
Jun 2026
NZ$966.6m
=
1.3
Forward
NZ$1.3B
/
Jun 2027
NZ$1B
=
1.2
Forward
NZ$1.3B
/
Jun 2028
NZ$1.1B
=
1.1
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Lower than 79% of companies in New Zealand
Percentile
21th
Based on 234 companies
21th percentile
1.2
Low
0.2 — 1.7
Typical Range
1.7 — 5.7
High
5.7 —
Distribution Statistics
New Zealand
Min 0.2
30th Percentile 1.7
Median 3.2
70th Percentile 5.7
Max 23.9

Tourism Holdings Ltd
Glance View

Market Cap
457.7m 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 54%
Intrinsic Value
Price NZ$2.07
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