HKSE:00780 (China)
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Business Description
Tongcheng Travel Holdings Ltd
Description
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
Financial Strength
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 2.29 | |||||
| Equity-to-Asset | 0.63 | |||||
| Debt-to-Equity | 0.15 | |||||
| Debt-to-EBITDA | 34.94 | |||||
| Interest Coverage | 2.28 | |||||
| Altman Z-Score | 3.1 | |||||
| Beneish M-Score | -2.22 | |||||
| WACC vs ROIC | ||||||
Growth Rank
6/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Revenue Growth Rate | 5.3 | |||||
| 3-Year EBITDA Growth Rate | 6.3 | |||||
| 3-Year FCF Growth Rate | -15 | |||||
| 3-Year Book Growth Rate | 10 | |||||
| Future 3-5Y EPS without NRI Growth Rate | 19.17 | |||||
| Future 3-5Y Total Revenue Growth Rate | 10.23 |
Momentum Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 28.98 | |||||
| 9-Day RSI | 39.22 | |||||
| 14-Day RSI | 45.63 | |||||
| 6-1 Month Momentum % | 21.95 | |||||
| 12-1 Month Momentum % | 18.11 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Current Ratio | 1.86 | |||||
| Quick Ratio | 1.86 | |||||
| Cash Ratio | 1.06 | |||||
| Days Sales Outstanding | 48.9 | |||||
| Days Payable | 451.09 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Average Share Buyback Ratio | -2.2 |
Profitability Rank
5/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Gross Margin % | 73.62 | |||||
| Operating Margin % | 2.46 | |||||
| Net Margin % | -1.13 | |||||
| ROE % | -0.51 | |||||
| ROA % | -0.34 | |||||
| ROIC % | 10.06 | |||||
| ROC (Joel Greenblatt) % | 3.97 | |||||
| ROCE % | 0.35 | |||||
| Years of Profitability over Past 10-Year | 5 |
GF Value Rank
1/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Forward PE Ratio | 24.51 | |||||
| Price-to-Owner-Earnings | 24.73 | |||||
| PS Ratio | 4.87 | |||||
| PB Ratio | 2.33 | |||||
| Price-to-Tangible-Book | 5.07 | |||||
| EV-to-EBIT | 477.77 | |||||
| EV-to-Forward-EBIT | 37.42 | |||||
| EV-to-EBITDA | 477.77 | |||||
| EV-to-Forward-EBITDA | 17.81 | |||||
| EV-to-Revenue | 4.41 | |||||
| EV-to-Forward-Revenue | 3.69 | |||||
| EV-to-FCF | -83.68 | |||||
| Price-to-Net-Current-Asset-Value | 68.46 | |||||
| Earnings Yield (Greenblatt) % | 0.2 |
