P/B
1,9
Trip.com
Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 79% of sales from accommodation reservations and transportation ticketing in 2024. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international travel, which is important to its margin expansion. Most of sales come from its domestic platform, but the company is expanding its overseas business. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.
Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 79% of sales from accommodation reservations and transportation ticketing in 2024. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international travel, which is important to its margin expansion. Most of sales come from its domestic platform, but the company is expanding its overseas business. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.
$26.4B
Market Cap • 9/21/2026
1999
(27 years)
Founded
2003
(23 years ago)
IPO
NASDAQ
Listing Exchange
Singapore
Country
Valuation
P/S
5,2
P/EBITDA
19,7
P/OCF
22,7
P/FCF
24,1
P/E
10,6
BVPS
35
EPS
6,8
Market Cap
Market Cap
46,7B
EV
41,2B
EV/Revenue
4,6
EV/EBITDA
17,3
EV/EBIT
18,3
Payout
Dividend Per Share
0,3
Dividend Yield
0,4%
Buyback Yield
1,2%
Total Yield
1,6%
Dividend Yield 5Y
0,1%
Payout
4,3%
Retained Earnings
10,9B
Profitability
Gross Margin
80,6%
EBITDA Margin
26,6%
EBIT Margin
25,3%
Net Margin
53,5%
D&A/EBITDA
0%
R&D/Revenue
24,3%
Capex/Revenue
1,3%
Capex/D&A
94,3%
Capex/OCF
5,5%
SBC/OCF
15,8%
% PPE
2,4%
% Goodwill
23,3%
ROE
21,5%
ROIC
8,7%
Growth
CAGR Revenue 5Y
26%
CAGR EPS 5Y
12,5%
CAGR OCF 5Y
-100%
Leverage
N.D./EBITDA
—
Debt/Equity
0%
Current Ratio
1,5
Quick Ratio
1,2
Interest Coverage
1857,8%
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