Overview Dividends

(TCOM) Trip.com - Ratings and Ratios

Exchange: NASDAQ • Country: Singapore • Currency: USD • Type: Common Stock • ISIN: US89677Q1076

Travel, Hotel, Flight, Tour, Ticketing

TCOM EPS (Earnings per Share)

EPS Growth (3Y CAGR): -26.97%
EPS Trend (3Y Correlation): 2.7%

TCOM Revenue

Revenue Growth (3Y CAGR): 32.18%
Revenue Trend (3Y Correlation): 80.5%

Risk via 10d forecast
Volatility	42.0%
Value at Risk 5%th	61.0%
Relative Tail Risk	-11.58%

Reward TTM
Sharpe Ratio	0.48
Alpha	0.77

Character TTM
Hurst Exponent	0.449
Beta	0.780
Beta Downside	0.769

Drawdowns 3y
Max DD	31.08%
Mean DD	10.96%
Median DD	10.58%

Description: TCOM Trip.com September 29, 2025

Trip.com Group Ltd. (NASDAQ:TCOM) operates a diversified travel-services platform that spans accommodation booking, transportation ticketing (air, rail, bus, ferry), packaged tours, travel insurance, and ancillary services such as airport lounge access, online check-in, and real-time flight tracking. Through its portfolio of brands-including Ctrip, Qunar, Trip.com, Travix, Travelfusion, and Skyscanner-the company serves both leisure and corporate travelers in China and globally, offering end-to-end solutions from visa processing to corporate travel-management systems and open-platform APIs for ecosystem partners.

Key performance indicators (KPIs) from the most recent fiscal year (FY2023) show a 12% year-over-year increase in gross merchandise value (GMV) to roughly US$30 billion, driven primarily by a rebound in outbound Chinese travel and strong domestic tourism demand as COVID-related restrictions eased. The company reported a net profit margin of 4.5%, up from 2.8% in FY2022, reflecting higher contribution from higher-margin corporate travel services and a 15% lift in average order value per user. Sector-wide, the travel-tech industry is sensitive to macro-economic drivers such as China’s GDP growth (projected 5%-6% in 2025), consumer confidence, and currency fluctuations that affect outbound travel spend; regulatory changes in data privacy and cross-border e-commerce also pose material risk factors.

If you want a deeper, data-driven assessment of Trip.com’s valuation and risk profile, ValueRay’s analytics platform provides granular financial models and scenario analyses that can help you form a more quantitative view.

TCOM Stock Overview

Market Cap in USD	45,931m
Sub-Industry	Hotels, Resorts & Cruise Lines
IPO / Inception	2003-12-09
Return 12m vs S&P 500	5.90%
Analyst Rating	4.64 of 5

TCOM Dividends

Dividend Yield	0.40%
Yield on Cost 5y	0.87%
Yield CAGR 5y	%
Payout Consistency	15.3%
Payout Ratio	1.7%

TCOM Growth Ratios

CAGR 3y	37.33%
CAGR/Max DD Calmar Ratio	1.20
CAGR/Mean DD Pain Ratio	3.40
Current Volume	2236.1k
Average Volume	1241.8k

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (18.05b TTM) > 0 and > 6% of Revenue (6% = 3.44b TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 7.55pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 50.73% (prev 60.36%; Δ -9.64pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 19.62b > Net Income 18.05b (YES >=105%, WARN >=100%)

Net Debt (-18.63b) to EBITDA (17.53b) ratio: -1.06 <= 3.0 (WARN <= 3.5)

Current Ratio 1.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (695.7m) change vs 12m ago 1.12% (target <= -2.0% for YES)

Gross Margin 80.86% (prev 81.48%; Δ -0.62pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 22.90% (prev 19.67%; Δ 3.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 13.11 (EBITDA TTM 17.53b / Interest Expense TTM 1.27b) >= 6 (WARN >= 3)

Altman Z'' 3.34

(A) 0.12 = (Total Current Assets 116.52b - Total Current Liabilities 87.45b) / Total Assets 252.44b

(B) 0.19 = Retained Earnings (Balance) 47.95b / Total Assets 252.44b

(D) 1.44 = Book Value of Equity 148.44b / Total Liabilities 102.96b

Total Rating: 3.34 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 76.60

1. Piotroski 5.50pt = 0.50

2. FCF Yield 6.64% = 3.32

3. FCF Margin 33.22% = 7.50

4. Debt/Equity 0.27 = 2.46

5. Debt/Ebitda -1.06 = 2.50

6. ROIC - WACC (= 2.48)% = 3.10

7. RoE 12.53% = 1.04

8. Rev. Trend 80.49% = 6.04

9. EPS Trend 2.72% = 0.14

What is the price of TCOM shares?

As of November 14, 2025, the stock is trading at USD 74.52 with a total of 2,236,065 shares traded.
Over the past week, the price has changed by +6.48%, over one month by +5.33%, over three months by +20.47% and over the past year by +20.62%.

Is Trip.com a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Trip.com (NASDAQ:TCOM) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 76.60 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TCOM is around 85.19 USD . This means that TCOM is currently undervalued and has a potential upside of +14.32% (Margin of Safety).

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.

Strong Buy: 24
Buy: 6
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the TCOM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	83.5	12%
Analysts Target Price	83.5	12%
ValueRay Target Price	92	23.4%

TCOM Fundamental Data Overview November 10, 2025

Market Cap CNY = 327.01b (45.93b USD * 7.1197 USD.CNY)
P/E Trailing = 19.3581
P/E Forward = 17.9533
P/S = 0.8017
P/B = 2.357
P/EG = 2.3763
Beta = -0.133
Revenue TTM = 57.29b CNY
EBIT TTM = 16.70b CNY
EBITDA TTM = 17.53b CNY
Long Term Debt = 10.94b CNY (from longTermDebt, last quarter)
Short Term Debt = 28.20b CNY (from shortTermDebt, last quarter)
Debt = 39.68b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -18.63b CNY (from netDebt column, last quarter)
Enterprise Value = 286.68b CNY (327.01b + Debt 39.68b - CCE 80.02b)
Interest Coverage Ratio = 13.11 (Ebit TTM 16.70b / Interest Expense TTM 1.27b)
FCF Yield = 6.64% (FCF TTM 19.03b / Enterprise Value 286.68b)
FCF Margin = 33.22% (FCF TTM 19.03b / Revenue TTM 57.29b)
Net Margin = 31.50% (Net Income TTM 18.05b / Revenue TTM 57.29b)
Gross Margin = 80.86% ((Revenue TTM 57.29b - Cost of Revenue TTM 10.96b) / Revenue TTM)
Gross Margin QoQ = 81.01% (prev 80.44%)
Tobins Q-Ratio = 1.14 (Enterprise Value 286.68b / Total Assets 252.44b)
Interest Expense / Debt = 0.67% (Interest Expense 265.0m / Debt 39.68b)
Taxrate = 16.98% (998.0m / 5.88b)
NOPAT = 13.86b (EBIT 16.70b * (1 - 16.98%))
Current Ratio = 1.33 (Total Current Assets 116.52b / Total Current Liabilities 87.45b)
Debt / Equity = 0.27 (Debt 39.68b / totalStockholderEquity, last quarter 148.44b)
Debt / EBITDA = -1.06 (Net Debt -18.63b / EBITDA 17.53b)
Debt / FCF = -0.98 (Net Debt -18.63b / FCF TTM 19.03b)
Total Stockholder Equity = 144.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.15% (Net Income 18.05b / Total Assets 252.44b)
RoE = 12.53% (Net Income TTM 18.05b / Total Stockholder Equity 144.03b)
RoCE = 10.77% (EBIT 16.70b / Capital Employed (Equity 144.03b + L.T.Debt 10.94b))
RoIC = 7.46% (NOPAT 13.86b / Invested Capital 185.70b)
WACC = 4.98% (E(327.01b)/V(366.70b) * Re(5.52%) + D(39.68b)/V(366.70b) * Rd(0.67%) * (1-Tc(0.17)))
Discount Rate = 5.52% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 2.03%
[DCF Debug] Terminal Value 78.36% ; FCFE base≈19.03b ; Y1≈19.13b ; Y5≈20.49b
Fair Price DCF = 554.2 (DCF Value 362.20b / Shares Outstanding 653.6m; 5y FCF grow 0.0% → 3.0% )
EPS Correlation: 2.72 | EPS CAGR: -26.97% | SUE: -4.0 | # QB: 0
Revenue Correlation: 80.49 | Revenue CAGR: 32.18% | SUE: 0.02 | # QB: 0

Additional Sources for TCOM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle