Added to YB: 2025-02-28
Pitch date: 2025-02-26
TCOM [bullish]
Trip.com Group Limited
-3.54%
current return
Author Info
Company Info
Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally.
Market Cap
$245.8B
Pitch Price
$57.37
Price Target
N/A
Dividend
0.55%
EV/EBITDA
11.42
P/E
8.45
EV/Sales
3.33
Sector
Hotels, Restaurants and Leisure
Category
growth
Trip.com (TCOM) - Worth a little more than EXPE or much more?
TCOM: Leading Chinese OTA, strong int'l growth (70% YoY). Q4 beat, but stock fell on ballooning S&M (+44.5% Q4). 23.5% Q4 rev growth, 80%+ GM. Reinvesting for growth (47% of rev). At $59, 10.6x FY24 EBITDA, 10x P/E, 10% FCFE yield. Only 1x EBITDA premium to EXPE despite superior metrics. China risk exists.
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