Intrinsiqq
Trip.com Group Limited American Depositary Receipt logoTrip.com Group Limited American Depositary ReceiptTCOM
$39.31-2.46%
Trip.com Group Limited American Depositary Receipt logo

Trip.com Group Limited American Depositary Receipt

TCOM

$39.31

-$0.99 (-2.46%)

⊜ Compare
ProfitabilityStrong marginsGrowthAcceleratingCash FlowN/AValuationAttractively priced
What stands out

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.

What's changing

Revenue grew 17.1%, still solid. Free cash flow declined 29% despite revenue growth, conversion is weakening.

What deserves caution

Free cash flow declined 29% versus the prior year, cash generation momentum has weakened.

Valuation context

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

-44.9%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap¥178.85B
EPS¥45.36
P/E5.78
P/FCF13.17
EV/EBITDA3.55
FCF Yield7.6%
Div. Yield—
Net Debt/FCF—
52-Week Range
$37.96$78.96

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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Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.