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Trip.com Group Limited American Depositary Receipt is an American Depositary Receipt that provides ownership interest in Trip.com Group Limited, a leading China-based one-stop travel service provider. The company operates comprehensive online platforms including Trip.com, Ctrip, Skyscanner, and Qunar, offering hotel reservations, transportation ticketing such as flights and trains, package tours, and corporate travel management. It serves a wide range of customers from individual leisure travelers to business clients, with a strong emphasis on both domestic and international travel services, particularly in Greater China and expanding globally. Key features include integrated booking solutions, real-time comparisons for flights, hotels, and car hires, and strategic partnerships that enhance its presence in the travel industry. Operating in the consumer cyclical sector within travel services, it plays a pivotal role in facilitating travel bookings amid evolving tourism trends and economic dynamics. Founded in 1999 and headquartered in Shanghai, China, Trip.com Group Limited American Depositary Receipt enables accessible investment in this prominent player in the global online travel agency market.
$42.45
$1.30 (-2.97%)
EOD Jul 17, 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.
6.0x earnings, 14.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥62.41B
▲ +17.1% YoY
Net Income (TTM)
¥33.39B
▲ +93.8% YoY
Op. Margin
27.42%
▼ -0.7pp YoY
ROIC
7.50%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
¥13.58B
▼ -28.6% YoY
Op. Cash Flow (TTM)
¥38.31B
▲ +68.6% YoY
Net Debt
-¥40.24B
Net Cash Position
Cash & Equiv.
¥71.86B
3Y CAGR: +46.0%
3Y CAGR: +85.1%
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At a P/E of 6.0 and a price-to-free-cash-flow of 14.8, Trip.com Group (TCOM) trades below a two-stage DCF intrinsic value of about CNY 1,036.38 per share, so at CNY 42.45 the stock looks undervalued (2,341.4% 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 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. It currently yields about 0.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 1,036.38 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 777.29. At today's CNY 42.45, that puts the stock about 2,341.4% 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.
Trip.com Group 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 27.4% 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 SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Trip.com Group pays a regular dividend of about CNY 2.03 per share per year (typically in quarterly installments), a yield of roughly 0.7% at the current price. That is a payout ratio of about 4.3% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For TCOM's full payout history, growth streak and dividend-safety score, see the dividends tab.
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). It also yields about 0.7%. 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 SEC filings, not investment advice.