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Intrinsic value of Trip.com Group Limited (TCOM)

Previous Close$26.52
Intrinsic Value
Upside potential
Previous Close
$26.52
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh9.78 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2021-12-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status. It also provides independent leisure travelers bundled packaged-tour products comprising group tours, semi-group tours, and customized and packaged tours with various transportation arrangements, such as flights, cruises, buses, and car rental services. In addition, the company offers integrated transportation and accommodation services; various value-added services, such as transportation at destinations and tickets, activities, insurance, visa services, and tour guides; and customer, supplier management and customer relationship management services. Further, it provides its corporate clients with travel data collection and analysis, industry benchmark, cost saving analysis, and travel management solutions; and Corporate Travel Management System, an online platform that integrates information maintenance, online booking and authorization, online enquiry, and travel report system. Additionally, the company offers online advertising and financial services. It operates primarily under the Ctrip, Qunar, Trip.com, and Skyscanner brands. The company was formerly known as Ctrip.com International, Ltd. and changed its name to Trip.com Group Limited in October 2019. Trip.com Group Limited was founded in 1999 and is headquartered in Shanghai, the People's Republic of China.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %0.9NaN
Revenue, $3142NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m3363NaN
Operating income, $m-221NaN
EBITDA, $m1NaN
Interest expense (income), $mNaN
Earnings before tax, $m-44NaN
Tax expense, $m42NaN
Net income, $m-86NaN

BALANCE SHEET

Cash and short-term investments, $m7966NaN
Total assets, $m30107NaN
Adjusted assets (=assets-cash), $m22141NaN
Average production assets, $m12320NaN
Working capital, $m-17NaN
Total debt, $m7997NaN
Total liabilities, $m12774NaN
Total equity, $m17333NaN
Debt-to-equity ratio0.461NaN
Adjusted equity ratio0.706NaN

CASH FLOW

Net income, $m-86NaN
Depreciation, amort., depletion, $m222NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m388NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-89NaN
Free cash flow, $m477NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-17
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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