TCOM Stock Analysis: Trip.com | NASDAQ
Travel Services | NASDAQ, USA | Market Cap: 25.144m USD | 12M Return: -43% | US89677Q1076 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 121M
EPS Trend: 83.0%
Qual. Beats: 0
Rev. Trend: 98.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Trip.com Group Limited (NASDAQ: TCOM) is a major online travel agency (OTA) headquartered in Singapore, founded in 1999 and formerly known as Ctrip.com International. The company operates a two-sided marketplace platform connecting travelers with travel suppliers, generating revenue primarily through commissions and agency fees on bookings rather than holding inventory itself.
Its service portfolio spans accommodation reservations, transportation ticketing (air, train, bus, and ferry), packaged tours, in-destination services, and corporate travel management through its Trip.Biz platform. The company also generates ancillary revenue from online advertising, financial services, and ecosystem partnerships.
Trip.com Group operates a multi-brand strategy, running Ctrip, Qunar, Trip.com, Travix, Travelfusion, and Skyscanner to serve both the Chinese domestic market - where it is the dominant OTA - and international markets. It is classified within the Consumer Discretionary sector (Hotels, Resorts & Cruise Lines sub-industry) despite functioning as a platform/aggregator rather than an asset-heavy hotel or cruise operator.
- China outbound travel rebound drives international booking growth
- Hotel and air ticket margins expand on operating leverage
- Skyscanner and Trip.com brands capture global market share
| Net Income: 24.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -2.30 > 1.0 |
| NWC/Revenue: 46.22% < 20% (prev 50.73%; Δ -4.51% < -1%) |
| CFO/TA 0.06 > 3% & CFO 14.4b > Net Income 24.1b |
| Net Debt (-52.0b) to EBITDA (28.6b): -1.82 < 3 |
| Current Ratio: 1.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (632.3m) vs 12m ago -9.11% < -2% |
| Gross Margin: 80.05% > 18% (prev 80.86%; Δ -0.81% > 0.5%) |
| Asset Turnover: 25.53% > 50% (prev 22.69%; Δ 2.84% > 0%) |
| Interest Coverage Ratio: 52.07 > 6 (EBIT TTM 27.5b / Interest Expense TTM 527.7m) |
| A: 0.12 (Total Current Assets 123b - Total Current Liabilities 92.3b) / Total Assets 259b |
| B: 0.30 (Retained Earnings 76.6b / Total Assets 259b) |
| C: 0.11 (EBIT TTM 27.5b / Avg Total Assets 256b) |
| D: 1.62 (Book Value of Equity 159b / Total Liabilities 98.3b) |
| Altman-Z'' = 4.15 = AA |
| DSRI: 1.04 (Receivables 17.1b/14.4b, Revenue 65.3b/57.3b) |
| GMI: 1.01 (GM 80.86% / 80.05%) |
| AQI: 0.98 (AQ_t 0.50 / AQ_t-1 0.51) |
| SGI: 1.14 (Revenue 65.3b / 57.3b) |
| TATA: 0.04 (NI 24.1b - CFO 14.4b) / TA 259b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of October 18, 2026, the stock is trading at USD 40.01 with a total of 3,081,670 shares traded. Over the past week, the price has changed by +2.85%, over one month by -0.87%, over three months by -5.75% and over the past year by -42.96%.
Current recommended Stop Loss: 37.90 (which is 5.3% or 2.5 ATR below the current price).
Trip.com has received a consensus analysts rating of 4.59. Therefore, it is recommended to buy TCOM.
- StrongBuy: 20
- Buy: 6
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 58.7 | 46.7% |
Market Cap CNY = 168b (25.1b USD * 6.6861 USD.CNY)
P/E Trailing = 8.0504
P/E Forward = 11.7233
P/S = 0.3833
P/B = 1.0758
P/EG = 2.3763
Revenue TTM = 65.3b CNY
EBIT TTM = 27.5b CNY
EBITDA TTM = 28.6b CNY
Long Term Debt = 630.0m CNY (from longTermDebt, last quarter)
Short Term Debt = 25.8b CNY (from shortTermDebt, last quarter)
Debt = 27.5b CNY (from shortLongTermDebtTotal, last quarter) + Leases 567.0m
Net Debt = -52.0b CNY (calculated: Debt 27.5b - CCE 79.5b)
Enterprise Value = 116b CNY (168b + Debt 27.5b - CCE 79.5b)
Interest Coverage Ratio = 52.07 (Ebit TTM 27.5b / Interest Expense TTM 527.7m)
EV/FCF = 8.55x (Enterprise Value 116b / FCF TTM 13.6b)
FCF Yield = 11.70% (FCF TTM 13.6b / Enterprise Value 116b)
FCF Margin = 20.80% (FCF TTM 13.6b / Revenue TTM 65.3b)
Net Margin = 36.97% (Net Income TTM 24.1b / Revenue TTM 65.3b)
Gross Margin = 80.05% ((Revenue TTM 65.3b - Cost of Revenue TTM 13.0b) / Revenue TTM)
Gross Margin QoQ = 79.83% (prev 79.45%)
Tobins Q-Ratio = 0.45 (Enterprise Value 116b / Total Assets 259b)
Interest Expense / Debt = 1.92% (Interest Expense 527.7m / Debt 27.5b)
Taxrate = 19.48% (5.85b / 30.1b)
NOPAT = 22.1b (EBIT 27.5b * (1 - 19.48%))
Current Ratio = 1.33 (Total Current Assets 123b / Total Current Liabilities 92.3b)
Debt / Equity = 0.17 (Debt 27.5b / totalStockholderEquity, last quarter 159b)
Debt / EBITDA = -1.82 (Net Debt -52.0b / EBITDA 28.6b)
Debt / FCF = -3.83 (Net Debt -52.0b / FCF TTM 13.6b)
Total Stockholder Equity = 166b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.44% (Net Income 24.1b / Total Assets 259b)
RoE = 14.56% (Net Income TTM 24.1b / Total Stockholder Equity 166b)
RoCE = 16.52% (EBIT 27.5b / Capital Employed (Equity 166b + L.T.Debt 630.0m))
RoIC = 11.69% (NOPAT 22.1b / Invested Capital 189b)
WACC = 6.81% (E(168b)/V(196b) * Re(7.67%) + D(27.5b)/V(196b) * Rd(1.92%) * (1-Tc(0.19)))
Discount Rate = 7.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -34.82 | Cagr: -2.92%
[DCF] Terminal Value 73.10% ; FCFF base≈15.8b ; Y1≈13.8b ; Y5≈11.2b
[DCF] Fair Price = 367.2 (EV 179b - Net Debt -52.0b = Equity 231b / Shares 629.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 83.00 | EPS CAGR: 33.20% | SUE: 0.01 | # QB: 0
Revenue Correlation: 98.43 | Revenue CAGR: 18.74% | SUE: 0.02 | # QB: 0
EPS current Quarter (2026-09-30): EPS=8.22 | Chg30d=+3.13% | Revisions=+15% | Analysts=15
EPS current Year (2026-12-31): EPS=25.20 | Chg30d=+3.34% | Revisions=+26% | GrowthEPS=-44.7% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=27.53 | Chg30d=-3.39% | Revisions=-35% | GrowthEPS=+9.2% | GrowthRev=+9.0%
[Analyst] Revisions Ratio: +0% (up=25, down=25)