TRIP.COM GROUP LIMITED |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 54.46 USD | -2.44% |
|
-2.47% | +51.04% |
| 12:54pm | Nomura Raises Price Target on Trip.com to $55 From $47, Keeps Neutral Rating | MT |
| May. 21 | Barclays Raises Trip.com's Price Target to $76 From $60, Keeps Overweight Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 137,393 | 129,504 | 99,691 | 152,265 | 164,219 | 261,218 | - | - |
| Enterprise Value (EV) 1 | 142,641 | 167,791 | 129,454 | 179,629 | 164,219 | 266,199 | 231,496 | 217,864 |
| P/E ratio | 20.3 x | -40.8 x | -180 x | 111 x | 17.3 x | 20.8 x | 19.5 x | 16.4 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.85 x | 7.07 x | 4.98 x | 7.6 x | 3.69 x | 4.97 x | 4.31 x | 3.8 x |
| EV / Revenue | 4 x | 9.16 x | 6.47 x | 8.96 x | 3.69 x | 5.06 x | 3.82 x | 3.17 x |
| EV / EBITDA | 18.2 x | 101 x | 100 x | 83.5 x | 11.8 x | 16.4 x | 12.2 x | 10.1 x |
| EV / FCF | 21.9 x | 65.1 x | 68 x | 83.8 x | - | 17.9 x | 14.2 x | 12.5 x |
| FCF Yield | 4.56% | 1.54% | 1.47% | 1.19% | - | 5.6% | 7.04% | 8.02% |
| Price to Book | 1.4 x | 1.65 x | 0.91 x | 1.37 x | - | 1.93 x | 1.74 x | 1.55 x |
| Nbr of stocks (in thousands) | 588,417 | 588,417 | 637,456 | 641,754 | 642,550 | 646,692 | - | - |
| Reference price 2 | 233.5 | 220.1 | 156.4 | 237.3 | 255.6 | 403.9 | 403.9 | 403.9 |
| Announcement Date | 3/18/20 | 3/3/21 | 3/23/22 | 3/6/23 | 2/21/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 35,666 | 18,316 | 20,023 | 20,039 | 44,510 | 52,594 | 60,635 | 68,710 |
| EBITDA 1 | 7,850 | 1,667 | 1,291 | 2,151 | 13,975 | 16,221 | 18,957 | 21,651 |
| EBIT 1 | 5,040 | -1,423 | -1,411 | 88 | 11,324 | 13,913 | 15,961 | 18,400 |
| Operating Margin | 14.13% | -7.77% | -7.05% | 0.44% | 25.44% | 26.45% | 26.32% | 26.78% |
| Earnings before Tax (EBT) 1 | 9,087 | -1,225 | -471 | 2,635 | 10,680 | 14,800 | 16,567 | 18,970 |
| Net income 1 | 7,011 | -3,247 | -550 | 1,403 | 9,918 | 12,843 | 14,113 | 16,065 |
| Net margin | 19.66% | -17.73% | -2.75% | 7% | 22.28% | 24.42% | 23.28% | 23.38% |
| EPS 2 | 11.50 | -5.400 | -0.8700 | 2.140 | 14.78 | 19.42 | 20.75 | 24.56 |
| Free Cash Flow 1 | 6,510 | 2,579 | 1,905 | 2,144 | - | 14,910 | 16,307 | 17,464 |
| FCF margin | 18.25% | 14.08% | 9.51% | 10.7% | - | 28.35% | 26.89% | 25.42% |
| FCF Conversion (EBITDA) | 82.93% | 154.71% | 147.56% | 99.67% | - | 91.92% | 86.02% | 80.66% |
| FCF Conversion (Net income) | 92.85% | - | - | 152.82% | - | 116.09% | 115.54% | 108.71% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/18/20 | 3/3/21 | 3/23/22 | 3/6/23 | 2/21/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,344 | 4,682 | 4,109 | 4,011 | 6,892 | 5,027 | 9,198 | 11,247 | 13,751 | 10,325 | 11,905 | 12,834 | 15,638 | 12,018 | 14,150 |
| EBITDA 1 | 537 | 54 | 91 | 355 | 1,419 | 286 | 2,820 | 3,678 | 4,622 | 2,855 | 3,974 | 4,031 | 4,956 | 3,050 | - |
| EBIT 1 | -246 | -704 | -359 | -167 | 854 | -240 | 2,241 | 2,977 | 3,909 | 2,197 | 3,315 | 3,562 | 4,484 | 2,762 | 4,343 |
| Operating Margin | -4.6% | -15.04% | -8.74% | -4.16% | 12.39% | -4.77% | 24.36% | 26.47% | 28.43% | 21.28% | 27.85% | 27.76% | 28.67% | 22.98% | 30.69% |
| Earnings before Tax (EBT) 1 | -997 | -738 | -816 | 495 | 420 | 2,536 | 3,848 | 974 | 4,468 | 1,390 | 4,167 | 3,657 | 4,658 | 2,760 | - |
| Net income 1 | -849 | -834 | -989 | 69 | 266 | 2,057 | 3,375 | 631 | 4,615 | 1,297 | 4,312 | 3,063 | 4,111 | 2,272 | - |
| Net margin | -15.89% | -17.81% | -24.07% | 1.72% | 3.86% | 40.92% | 36.69% | 5.61% | 33.56% | 12.56% | 36.22% | 23.86% | 26.29% | 18.9% | - |
| EPS 2 | -1.320 | -1.290 | -1.520 | 0.1000 | 0.4100 | 3.120 | 5.020 | 0.9400 | 6.840 | 1.940 | 6.380 | 4.671 | 5.993 | 3.406 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 12/15/21 | 3/23/22 | 6/27/22 | 9/21/22 | 12/14/22 | 3/6/23 | 6/7/23 | 9/4/23 | 11/20/23 | 2/21/24 | 5/20/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,248 | 38,287 | 29,763 | 27,364 | - | 4,981 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 29,722 | 43,354 |
| Leverage (Debt/EBITDA) | 0.6685 x | 22.97 x | 23.05 x | 12.72 x | - | 0.3071 x | - | - |
| Free Cash Flow 1 | 6,510 | 2,579 | 1,905 | 2,144 | - | 14,910 | 16,307 | 17,464 |
| ROE (net income / shareholders' equity) | 6.86% | -0.9% | 1.29% | 1.26% | - | 10.8% | 10.8% | 10.9% |
| ROA (Net income/ Total Assets) | 3.38% | -0.47% | 0.72% | 0.68% | - | 5.57% | 5.77% | 5.77% |
| Assets 1 | 207,310 | 688,902 | -76,880 | 207,852 | - | 230,645 | 244,390 | 278,378 |
| Book Value Per Share 2 | 166.0 | 134.0 | 171.0 | 174.0 | - | 210.0 | 233.0 | 260.0 |
| Cash Flow per Share 2 | 11.00 | 5.180 | 3.620 | 5.240 | - | 24.20 | 27.40 | 31.70 |
| Capex 1 | 823 | 532 | 570 | 497 | - | 878 | 912 | 1,038 |
| Capex / Sales | 2.31% | 2.9% | 2.85% | 2.48% | - | 1.67% | 1.5% | 1.51% |
| Announcement Date | 3/18/20 | 3/3/21 | 3/23/22 | 3/6/23 | 2/21/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
403.9
CNY
Average target price
470.1
CNY
Spread / Average Target
+16.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +51.04% | 36.1B | |
| +8.12% | 130B | |
| +65.20% | 8.91B | |
| +27.98% | 6.18B | |
| -0.10% | 3.03B | |
| -14.57% | 2.53B | |
| +23.84% | 2.19B | |
| -1.37% | 1.9B | |
| -4.81% | 1.89B | |
| 0.00% | 1.81B |
- Stock Market
- Equities
- TCOM Stock
- Financials Trip.com Group Limited