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TUI AG
XETRA:TUI1

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TUI AG
XETRA:TUI1
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Price: 6.378 EUR -4.95% Market Closed
Market Cap: €3.2B

EV/EBIT

6.2
Current
12%
Cheaper
vs 3-y average of 7.1

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
6.2
=
Enterprise Value
€6.5B
/
EBIT
€911.1m

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
6.2
=
Enterprise Value
€6.5B
/
EBIT
€911.1m

Valuation Scenarios

TUI AG is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (7.1), the stock would be worth €7.23 (13% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-16%
Maximum Upside
+149%
Average Upside
33%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 6.2 €6.38
0%
3-Year Average 7.1 €7.23
+13%
5-Year Average 5.2 €5.34
-16%
Industry Average 5.3 €5.41
-15%
Country Average 15.5 €15.88
+149%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€6.5B
/
Jan 2026
€911.1m
=
6.2
Current
€6.5B
/
Sep 2026
€1.6B
=
4.2
Forward
€6.5B
/
Sep 2027
€1.7B
=
3.9
Forward
€6.5B
/
Sep 2028
€1.8B
=
3.6
Forward
€6.5B
/
Sep 2029
€1.9B
=
3.4
Forward
€6.5B
/
Sep 2030
€2B
=
3.2
Forward
€6.5B
/
Sep 2031
€1.7B
=
3.8
Forward
€6.5B
/
Sep 2032
€1.7B
=
3.7
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
DE
TUI AG
XETRA:TUI1
3.2B EUR 6.2 4.8
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 152.2 206.7
US
Booking Holdings Inc
NASDAQ:BKNG
143.7B USD 14.6 26.6
US
Marriott International Inc
NASDAQ:MAR
97.6B USD 26.8 37.5
US
Airbnb Inc
NASDAQ:ABNB
87.3B USD 29.3 34.8
US
Hilton Worldwide Holdings Inc
NYSE:HLT
77.3B USD 33 53.1
US
Royal Caribbean Cruises Ltd
NYSE:RCL
71.9B USD 18.1 16.8
US
Carnival Corp
NYSE:CCL
37.6B USD 13.2 12.2
US
Viking Holdings Ltd
NYSE:VIK
36.5B USD 0 0
UK
Carnival PLC
LSE:CCL
26.3B GBP 12.5 12.4
CN
Trip.com Group Ltd
HKEX:9961
271.8B HKD 10.8 7.1

Market Distribution

Lower than 91% of companies in Germany
Percentile
9th
Based on 2 187 companies
9th percentile
6.2
Low
0.1 — 10.6
Typical Range
10.6 — 23.1
High
23.1 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 10.6
Median 15.5
70th Percentile 23.1
Max 672.9

TUI AG
Glance View

TUI AG, a titan of global tourism, began as a small German mining company in the 1920s, evolving over decades into a travel juggernaut that dominates the European holiday market today. This transformation was pivotal under the leadership of industry visionaries, strategically acquiring travel agencies, tour operators, and hotels to construct a vertically integrated empire. With its headquarters nestled in Hanover, Germany, TUI AG orchestrates an intricate ballet of services that seamlessly intertwine to offer travelers an all-encompassing vacation experience. The company operates a highly diversified business model, covering every aspect of the travel industry, including tour operations, hotel accommodations, airlines, and cruise ships. Such an extensive range ensures that TUI taps into various revenue streams, safeguarding against market volatility and seasonal dips that typically challenge the tourism sector. The lifeblood of TUI's revenue stems from its ability to control both supply and demand. Owning over 400 hotels, engaging with a fleet of several airlines, and managing cruise ships gives TUI a significant edge in cost management and quality control, allowing it to offer competitive pricing while maintaining high service standards. The company also capitalizes on exclusive partnerships and proprietary destination content, which secures a loyal customer base and encourages repeat business. Moreover, TUI's digital transformation initiatives enhance its operational efficiency and customer engagement, creating tailored travel experiences. By embracing technology, TUI not only refines its logistics and service offerings but also opens new avenues for revenue through dynamic packaging and personalized customer interaction, hence solidifying its stronghold in the global travel industry.

TUI1 Intrinsic Value
26.18 EUR
Undervaluation 76%
Intrinsic Value
Price €6.378
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