Added to YB: 2025-07-24
Pitch date: 2025-07-22
TCOM [bullish]
Trip.com Group Limited
+9.59%
current return
Author Info
No bio for this author
Company Info
Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally.
Market Cap
$324.5B
Pitch Price
$505.50
Price Target
190.11 (-65%)
Dividend
0.43%
EV/EBITDA
15.94
P/E
11.16
EV/Sales
4.65
Sector
Hotels, Restaurants and Leisure
Category
growth
Trip.com’s Global Play: 700M Users, Booking-Like Growth, and 2–3x Upside Path
TCOM: 20x PE/5% FCF, not cheap but misunderstood. Revenue growing like Booking (+20% 2024), margins at 30% (up from 12% 2019). International expansion leverages tech+700M Chinese users. Catalysts (2H25): margins decline less than feared, capital returns increase post-MMYT sale, international share reaches 10%. Base case: 2x in 5y; bull: 3x on 15% growth, 35% margins, 25x PE.
Read full article (3 min)