Pursuit Attractions and Hospitality, Inc. (PRSU) vs Travel + Leisure Co. (TNL)

Pursuit Attractions and Hospitality, Inc. and Travel + Leisure Co. are both Travel Services companies. Travel + Leisure Co. is the larger, with a market value of $3.9B against $1.3B — 2.9× the size. Travel + Leisure Co. trades at the lower P/E: 17.0× against 36.5×. Pursuit Attractions and Hospitality, Inc. grew revenue faster over the last twelve months: 26.4% against 4.55%. Pursuit Attractions and Hospitality, Inc. has the higher net margin (7.94% vs 5.79%) and the lower return on invested capital (5.65% vs 8.30%). Across the 19 metrics below, Travel + Leisure Co. leads on 11 and Pursuit Attractions and Hospitality, Inc. on 8.

Valuation

Metric PRSU TNL Travel Services median
P/E 36.50 16.98 17.52
P/S 2.83 0.97 2.24
P/B 2.24 n/m 2.61
Price to free cash flow n/m 8.77 12.40
EV/EBITDA 12.26 14.17 12.77
EV/Sales 3.24 2.38 2.38
Earnings yield 2.74% 5.89% 3.30%
Free cash flow yield (0.40%) 11.40% 3.22%

Profitability

Metric PRSU TNL Travel Services median
Gross margin 92.54% 45.13% 67.64%
Operating margin 17.48% 13.68% 15.06%
Net margin 7.94% 5.79% 6.64%
Free cash flow margin (1.13%) 11.04% 3.21%
Return on equity 6.24% (25.31%) 7.53%
Return on assets 4.01% 3.46% 3.40%
Return on invested capital 5.65% 8.30% 4.65%

Growth

Metric PRSU TNL Travel Services median
Revenue growth (TTM) 26.37% 4.55% 13.25%
EPS growth (last fiscal year) (93.77%) (40.89%) —
Revenue growth, 5-year CAGR 1.72% 13.23% 28.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PRSU TNL Travel Services median
Debt to equity 0.38 (5.60) 0.32
Current ratio 1.61 3.15 1.20
Net debt to EBITDA 1.13 7.64 1.07

Dividend

Metric PRSU TNL Travel Services median
Dividend yield — 4.48% —
Payout ratio 0.00 0.38 0.00

Size

Metric PRSU TNL Travel Services median
Market cap 1.32b 3.87b 4.41b

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