TRIP.COM GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 52.75 USD | +1.52% |
|
-7.18% | +46.49% |
| May. 22 | 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 | 247,057 | - | - |
| Enterprise Value (EV) 1 | 142,641 | 167,791 | 129,454 | 179,629 | 167,583 | 252,037 | 219,387 | 210,314 |
| P/E ratio | 20.3 x | -40.8 x | -180 x | 111 x | 17.3 x | 19.5 x | 18.2 x | 15.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.85 x | 7.07 x | 4.98 x | 7.6 x | 3.69 x | 4.7 x | 4.08 x | 3.57 x |
| EV / Revenue | 4 x | 9.16 x | 6.47 x | 8.96 x | 3.77 x | 4.8 x | 3.62 x | 3.04 x |
| EV / EBITDA | 18.2 x | 101 x | 100 x | 83.5 x | 12 x | 15.3 x | 11.4 x | 9.53 x |
| EV / FCF | 21.9 x | 65.1 x | 68 x | 83.8 x | 7.83 x | 16.7 x | 13.6 x | 11.6 x |
| FCF Yield | 4.56% | 1.54% | 1.47% | 1.19% | 12.8% | 5.98% | 7.37% | 8.59% |
| Price to Book | 1.4 x | 1.65 x | 0.91 x | 1.37 x | 1.35 x | 1.82 x | 1.63 x | 1.46 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 | 382.0 | 382.0 | 382.0 |
| 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 | 52,535 | 60,618 | 69,210 |
| EBITDA 1 | 7,850 | 1,667 | 1,291 | 2,151 | 13,975 | 16,444 | 19,213 | 22,071 |
| EBIT 1 | 5,040 | -1,423 | -1,411 | 88 | 11,324 | 13,815 | 15,971 | 18,593 |
| Operating Margin | 14.13% | -7.77% | -7.05% | 0.44% | 25.44% | 26.3% | 26.35% | 26.86% |
| Earnings before Tax (EBT) 1 | 9,087 | -1,225 | -471 | 2,635 | 10,680 | 14,759 | 16,653 | 19,351 |
| Net income 1 | 7,011 | -3,247 | -550 | 1,403 | 9,918 | 13,088 | 14,536 | 16,934 |
| Net margin | 19.66% | -17.73% | -2.75% | 7% | 22.28% | 24.91% | 23.98% | 24.47% |
| EPS 2 | 11.50 | -5.400 | -0.8700 | 2.140 | 14.78 | 19.59 | 20.99 | 24.94 |
| Free Cash Flow 1 | 6,510 | 2,579 | 1,905 | 2,144 | 21,398 | 15,073 | 16,179 | 18,076 |
| FCF margin | 18.25% | 14.08% | 9.51% | 10.7% | 48.07% | 28.69% | 26.69% | 26.12% |
| FCF Conversion (EBITDA) | 82.93% | 154.71% | 147.56% | 99.67% | 153.12% | 91.66% | 84.21% | 81.9% |
| FCF Conversion (Net income) | 92.85% | - | - | 152.82% | 215.75% | 115.17% | 111.31% | 106.75% |
| 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 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,682 | 4,109 | 4,011 | 6,892 | 5,027 | 9,198 | 11,247 | 13,751 | 10,325 | 11,905 | 12,771 | 15,649 | 12,051 | 14,150 | 15,065 |
| EBITDA 1 | 54 | 91 | 355 | 1,419 | 286 | 2,820 | 3,678 | 4,622 | 2,855 | 3,974 | 4,031 | 4,956 | 3,050 | - | - |
| EBIT 1 | -704 | -359 | -167 | 854 | -240 | 2,241 | 2,977 | 3,909 | 2,197 | 3,315 | 3,565 | 4,446 | 2,784 | 4,343 | 4,458 |
| Operating Margin | -15.04% | -8.74% | -4.16% | 12.39% | -4.77% | 24.36% | 26.47% | 28.43% | 21.28% | 27.85% | 27.91% | 28.41% | 23.1% | 30.69% | 29.59% |
| Earnings before Tax (EBT) 1 | -738 | -816 | 495 | 420 | 2,536 | 3,848 | 974 | 4,468 | 1,390 | 4,167 | 3,661 | 4,549 | 2,750 | - | - |
| Net income 1 | -834 | -989 | 69 | 266 | 2,057 | 3,375 | 631 | 4,615 | 1,297 | 4,312 | 3,025 | 3,857 | 2,290 | - | - |
| Net margin | -17.81% | -24.07% | 1.72% | 3.86% | 40.92% | 36.69% | 5.61% | 33.56% | 12.56% | 36.22% | 23.69% | 24.65% | 19% | - | - |
| EPS 2 | -1.290 | -1.520 | 0.1000 | 0.4100 | 3.120 | 5.020 | 0.9400 | 6.840 | 1.940 | 6.380 | 4.604 | 5.659 | 3.439 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 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 | 3,364 | 4,981 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 27,670 | 36,742 |
| Leverage (Debt/EBITDA) | 0.6685 x | 22.97 x | 23.05 x | 12.72 x | 0.2407 x | 0.3029 x | - | - |
| Free Cash Flow 1 | 6,510 | 2,579 | 1,905 | 2,144 | 21,398 | 15,073 | 16,179 | 18,076 |
| ROE (net income / shareholders' equity) | 6.86% | -0.9% | 1.29% | 1.26% | 8.46% | 10.7% | 11% | 11.2% |
| ROA (Net income/ Total Assets) | 3.38% | -0.47% | 0.72% | 0.68% | 4.83% | 5.67% | 5.84% | 5.9% |
| Assets 1 | 207,310 | 688,902 | -76,880 | 207,852 | 205,414 | 230,673 | 248,812 | 286,953 |
| Book Value Per Share 2 | 166.0 | 134.0 | 171.0 | 174.0 | 189.0 | 210.0 | 234.0 | 262.0 |
| Cash Flow per Share 2 | 11.00 | 5.180 | 3.620 | 5.240 | 19.00 | 25.60 | 27.70 | 32.10 |
| Capex 1 | 823 | 532 | 570 | 497 | 606 | 833 | 891 | 1,012 |
| Capex / Sales | 2.31% | 2.9% | 2.85% | 2.48% | 1.36% | 1.59% | 1.47% | 1.46% |
| 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
30
Last Close Price
382
CNY
Average target price
475.6
CNY
Spread / Average Target
+24.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +46.49% | 34.11B | |
| +7.00% | 129B | |
| -27.33% | 14.61B | |
| +68.67% | 8.64B | |
| +21.88% | 5.13B | |
| -4.17% | 2.85B | |
| +18.12% | 2.23B | |
| +1.99% | 1.9B | |
| -4.44% | 1.85B | |
| 0.00% | 1.77B |
- Stock Market
- Equities
- TCOM Stock
- Financials Trip.com Group Limited
