Tourism Holdings Ltd
NZX:THL

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Tourism Holdings Ltd
NZX:THL
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Price: 2.04 NZD -2.86% Market Closed
Market Cap: NZ$451m

P/S

0.5
Current
20%
Cheaper
vs 3-y average of 0.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.5
=
Market Cap
NZ$601.4m
/
Revenue
NZ$956.2m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.5
=
Market Cap
NZ$601.4m
/
Revenue
NZ$956.2m

Valuation Scenarios

Tourism Holdings Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (0.6), the stock would be worth NZ$2.54 (25% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+475%
Average Upside
156%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.5 NZ$2.04
0%
3-Year Average 0.6 NZ$2.54
+25%
5-Year Average 0.9 NZ$3.99
+95%
Industry Average 0.6 NZ$2.61
+28%
Country Average 2.8 NZ$11.74
+475%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
NZ$601.4m
/
Jan 2026
NZ$956.2m
=
0.5
Current
NZ$601.4m
/
Jun 2026
NZ$966.6m
=
0.6
Forward
NZ$601.4m
/
Jun 2027
NZ$1B
=
0.6
Forward
NZ$601.4m
/
Jun 2028
NZ$1.1B
=
0.5
Forward

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

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

Lower than 88% of companies in New Zealand
Percentile
12th
Based on 236 companies
12th percentile
0.5
Low
0 — 1.3
Typical Range
1.3 — 4.2
High
4.2 —
Distribution Statistics
New Zealand
Min 0
30th Percentile 1.3
Median 2.8
70th Percentile 4.2
Max 20.7

Tourism Holdings Ltd
Glance View

Market Cap
451m 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 55%
Intrinsic Value
Price NZ$2.04
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