(TCOM) Trip.com - Overview

Sector: Consumer Cyclical | Industry: Travel Services | Exchange: NASDAQ (USA) | Market Cap: 31.057m USD | Total Return: -27.1% in 12m

Hotel Reservations, Flight Tickets, Packaged Tours, Corporate Travel

Total Rating 37

Safety 80

Buy Signal -0.66

Travel Services
Industry Rotation: -18.3

Market Cap: 31.1B
Avg Turnover: 122M

Risk 3d forecast

Volatility38.7%

VaR 5^th Pctl6.11%

VaR vs Median-4.76%

Reward TTM

Sharpe Ratio-0.78

Rel. Str. IBD9.5

Rel. Str. Peer Group13

Character TTM

Beta0.748

Beta Downside0.886

Hurst Exponent0.458

Drawdowns 3y

Max DD38.59%

CAGR/Max DD0.37

CAGR/Mean DD1.08

EPS (Earnings per Share)

EPS CAGR: 72.17%
EPS Trend: 80.8%

Last SUE: 0.03
Qual. Beats: 0

Revenue

Rev. CAGR: 42.62%
Rev. Trend: 83.4%

Last SUE: -0.13
Qual. Beats: 0

Warnings

Below Avwap Earnings

Tailwinds

No distinct edge detected

Description: TCOM Trip.com

Trip.com Group Limited (TCOM) is a global travel service provider offering accommodation reservations, transportation ticketing, packaged tours, and corporate travel management. Operating under brands including Ctrip, Qunar, Trip.com, and Skyscanner, the company functions primarily through an agency model, earning commissions on hotel bookings and airfare. Its platform integrates ancillary services such as travel insurance, visa processing, and airport VIP lounge access to capture additional spend across the travel value chain.

The company operates within the Online Travel Agency (OTA) sector, which relies heavily on high-margin commissions and scalable digital infrastructure to manage high transaction volumes. Unlike the merchant model where agencies pre-purchase inventory, Trip.com’s agency-focused business model reduces capital risk by acting as a middleman between service providers and end-users. The firm has expanded its footprint beyond its primary Chinese market to include international operations through the acquisition of global meta-search and booking platforms.

To better understand the companys intrinsic valuation, you may wish to examine the financial metrics available on ValueRay. Trip.com Group also provides specialized B2B solutions, including data analysis and industry benchmarking for corporate clients. This diversification into financial services and online advertising allows the company to monetize its large user base through multiple revenue streams outside of traditional booking fees.

Headlines to Watch Out For

Outbound Chinese tourism recovery drives high-margin international flight and hotel bookings
Skyscanner and Trip.com brand expansion increases global market share and revenue
Domestic travel demand resilience supports core accommodation and transportation segments
Chinese regulatory changes and geopolitical tensions impact cross-border travel volume
AI-driven operational efficiency and marketing automation improve consolidated operating margins

Piotroski VR‑10 (Strict) 5.5

Net Income: 33.18b TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA -2.61 > 1.0
NWC/Revenue: 67.52% < 20% (prev 64.31%; Δ 3.21% < -1%)
CFO/TA 0.05 > 3% & CFO 14.38b > Net Income 33.18b
Net Debt (-47.14b) to EBITDA (33.11b): -1.42 < 3
Current Ratio: 1.55 > 1.5 & < 3
Outstanding Shares: last quarter (700.5m) vs 12m ago -0.24% < -2%
Gross Margin: 80.22% > 18% (prev 0.81%; Δ 7.94k% > 0.5%)
Asset Turnover: 24.67% > 50% (prev 22.29%; Δ 2.38% > 0%)
Interest Coverage Ratio: 47.80 > 6 (EBITDA TTM 33.11b / Interest Expense TTM 674.8m)

Altman Z'' 3.67

A: 0.16 (Total Current Assets 121.13b - Total Current Liabilities 78.22b) / Total Assets 267.56b
B: 0.29 (Retained Earnings 76.60b / Total Assets 267.56b)
C: 0.13 (EBIT TTM 32.26b / Avg Total Assets 257.66b)
D: 0.81 (Book Value of Equity 76.60b / Total Liabilities 94.85b)
Altman-Z'' Score: 3.67 = AA

Beneish M -2.84

DSRI: 0.99 (Receivables 15.25b/13.36b, Revenue 63.55b/55.22b)
GMI: 1.01 (GM 80.22% / 81.06%)
AQI: 1.00 (AQ_t 0.52 / AQ_t-1 0.52)
SGI: 1.15 (Revenue 63.55b / 55.22b)
TATA: 0.07 (NI 33.18b - CFO 14.38b) / TA 267.56b)
Beneish M-Score: -2.84 (Cap -4..+1) = A

What is the price of TCOM shares? As of May 20, 2026, the stock is trading at USD 48.95 with a total of 2,053,294 shares traded.
Over the past week, the price has changed by -5.88%, over one month by -11.02%, over three months by -11.55% and over the past year by -27.05%.

Is TCOM a buy, sell or hold? Trip.com has received a consensus analysts rating of 4.64. Therefore, it is recommended to buy TCOM.

StrongBuy: 24
Buy: 6
Hold: 3
Sell: 0
StrongSell: 0

What are the forecasts/targets for the TCOM price?

Analysts Target Price	76.6	56.5%

Trip.com (TCOM) - Fundamental Data Overview as of 20 May 2026

Market Cap CNY = 211.47b (31.06b USD * 6.8092 USD.CNY)
P/E Trailing = 7.0457
P/E Forward = 12.837
P/S = 0.4976
P/B = 1.2373
P/EG = 1.9112
Revenue TTM = 63.55b CNY
EBIT TTM = 32.26b CNY
EBITDA TTM = 33.11b CNY
Long Term Debt = 11.43b CNY (from longTermDebt, last fiscal year)
Short Term Debt = 19.35b CNY (from shortTermDebt, last quarter)
Debt = 31.37b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -47.14b CNY (recalculated: Debt 31.37b - CCE 78.51b)
Enterprise Value = 164.34b CNY (211.47b + Debt 31.37b - CCE 78.51b)
Interest Coverage Ratio = 47.80 (Ebit TTM 32.26b / Interest Expense TTM 674.8m)
EV/FCF = 12.10x (Enterprise Value 164.34b / FCF TTM 13.58b)
FCF Yield = 8.26% (FCF TTM 13.58b / Enterprise Value 164.34b)
FCF Margin = 21.37% (FCF TTM 13.58b / Revenue TTM 63.55b)
Net Margin = 52.21% (Net Income TTM 33.18b / Revenue TTM 63.55b)
Gross Margin = 80.22% ((Revenue TTM 63.55b - Cost of Revenue TTM 12.57b) / Revenue TTM)
Gross Margin QoQ = 78.96% (prev 78.96%)
Tobins Q-Ratio = 0.61 (Enterprise Value 164.34b / Total Assets 267.56b)
Interest Expense / Debt = 0.36% (Interest Expense 113.4m / Debt 31.37b)
Taxrate = 16.35% (823.5m / 5.04b)
NOPAT = 26.99b (EBIT 32.26b * (1 - 16.35%))
Current Ratio = 1.55 (Total Current Assets 121.13b / Total Current Liabilities 78.22b)
Debt / Equity = 0.18 (Debt 31.37b / totalStockholderEquity, last quarter 171.06b)
Debt / EBITDA = -1.42 (Net Debt -47.14b / EBITDA 33.11b)
Debt / FCF = -3.47 (Net Debt -47.14b / FCF TTM 13.58b)
Total Stockholder Equity = 164.69b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.88% (Net Income 33.18b / Total Assets 267.56b)
RoE = 20.15% (Net Income TTM 33.18b / Total Stockholder Equity 164.69b)
RoCE = 18.32% (EBIT 32.26b / Capital Employed (Equity 164.69b + L.T.Debt 11.43b))
RoIC = 13.75% (NOPAT 26.99b / Invested Capital 196.30b)
WACC = 7.54% (E(211.47b)/V(242.84b) * Re(8.61%) + D(31.37b)/V(242.84b) * Rd(0.36%) * (1-Tc(0.16)))
Discount Rate = 8.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 62.93 | Cagr: 2.11%
[DCF] Terminal Value 75.79% ; FCFF base≈15.76b ; Y1≈11.96b ; Y5≈7.30b
[DCF] Fair Price = 316.3 (EV 152.06b - Net Debt -47.14b = Equity 199.19b / Shares 629.7m; r=7.54% [WACC]; 5y FCF grow -28.64% → 3.0% )
EPS Correlation: 80.80 | EPS CAGR: 72.17% | SUE: 0.03 | # QB: 0
Revenue Correlation: 83.38 | Revenue CAGR: 42.62% | SUE: -0.13 | # QB: 0
EPS current Quarter (2026-06-30): EPS=6.99 | Chg30d=+0.00% | Revisions=+20% | Analysts=10
EPS current Year (2026-12-31): EPS=27.95 | Chg30d=-0.41% | Revisions=-43% | GrowthEPS=-38.7% | GrowthRev=+13.5%
EPS next Year (2027-12-31): EPS=31.83 | Chg30d=+0.00% | Revisions=-43% | GrowthEPS=+13.9% | GrowthRev=+12.4%
[Analyst] Revisions Ratio: -43%