Trip.com Group Limited American Depositary Receipt
Trip.com Group Limited American Depositary Receipt is a U.S.-traded ADR representing Trip.com Group Limited, a global travel services company focused on digital booking and trip-management solutions. Trip.com Group Limited provides accommodation reservations, transportation ticketing, packaged tours, corporate travel management, and other travel-related services for consumers and business clients in China and international markets. Its platform also includes travel content and supporting services such as property management systems and advertising, delivered through brands including Trip.com, Ctrip, Qunar, Skyscanner, and Travelfusion. The company operates as a major online travel intermediary, connecting travelers with airlines, hotels, tour providers, and corporate travel tools through a single digital ecosystem. As an ADR, it gives investors U.S.-market access to the underlying business while reflecting exposure to the company’s broad travel services franchise.
$39.31
-$0.99 (-2.46%)
EOD Oct 21, 2026
27.42% operating margin is above average. ROIC at 7.50%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 17.1%, still solid. Free cash flow declined 29% despite revenue growth, conversion is weakening.
Free cash flow declined 29% versus the prior year, cash generation momentum has weakened.
5.8x earnings, 13.2x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥64.79B
▲ +17.1% YoY
Net Income (TTM)
¥31.60B
▲ +93.8% YoY
Op. Margin
27.01%
▼ -0.7pp YoY
ROIC
7.50%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (FY)
¥13.58B
▼ -28.6% YoY
Op. Cash Flow (FY)
¥14.38B
▼ -36.7% YoY
Net Debt
-¥40.24B
Net Cash Position
Cash & Equiv.
¥71.86B
3Y CAGR: +46.0%
3Y CAGR: +85.1%
Continue Research
Is Trip.com Group Limited American Depositary Receipt (TCOM) overvalued?
At a P/E of 5.8 and a price-to-free-cash-flow of 13.2, Trip.com Group Limited American Depositary Receipt (TCOM) trades below a two-stage DCF intrinsic value of about CNY 1,064.78 per share, so at CNY 39.31 the stock looks undervalued (2,608.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Trip.com Group Limited American Depositary Receipt scores 79/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Trip.com Group Limited American Depositary Receipt's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 1,064.78 per share for TCOM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around CNY 798.58. At today's CNY 39.31, that puts the stock about 2,608.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Trip.com Group Limited American Depositary Receipt a high-quality business?+
Trip.com Group Limited American Depositary Receipt scores 79 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 27.0% operating margin and a 7.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Trip.com Group Limited American Depositary Receipt a good stock to buy right now?+
That depends on valuation and quality together, not either alone. TCOM currently trades below its estimated intrinsic value and scores 79/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Travel Services
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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