Tongcheng Travel Holdings

Lower-tier China Expansion And Tencent Integration Will Unlock New Markets

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

08 Dec 24

Updated

16 Dec 25

Views

24

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

11.3%

7D

5.8%

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1Y

11.3%

7D

5.8%

You can edit this narrative until Dec 17 2:05 AM. Then, changes will post as Updates.

Author's Valuation

HK$26.3614.3% undervalued

AnalystConsensusTarget Fair Value

Shared on 16 Dec 25

Fair value Increased 0.37%

780: Stable Margins And Modest Revenue Outlook Will Support Shares

Analysts have nudged their price target for Tongcheng Travel Holdings slightly higher to approximately CNY 26.36 from about CNY 26.27, reflecting marginally stronger expectations for revenue growth and valuation multiples, while the profit margin outlook remains steady. What's in the News A board meeting is scheduled for November 25, 2025, to review and approve unaudited third-quarter results for the nine months ended September 30, 2025, and to authorize their publication (Key Developments).

Shared on 02 Dec 25

Fair value Increased 1.20%

780: Improved Margins And Efficiency Will Support Shares Into 2025

The analyst price target for Tongcheng Travel Holdings has increased slightly from $25.96 to $26.27, as analysts cite steady improvements in profit margin and efficiency, even though expectations for revenue growth remain softer. What's in the News The company will hold a board meeting on November 25, 2025 to approve the unaudited third quarterly results for the nine months ended September 30, 2025, and to discuss their publication (Key Developments).

Shared on 17 Nov 25

Fair value Increased 2.11%

780: Board Meeting And Margin Outlook Will Support Shares Into 2025

Analysts have raised their price target for Tongcheng Travel Holdings from $25.42 to $25.96. They cite slightly lower discount rates and modest improvements in margin forecasts as supporting factors.

Shared on 01 May 25

Fair value Decreased 1.01%

Shared on 23 Apr 25

Fair value Increased 2.23%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 0.55%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 1.41%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 1.51%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 2.50%

AnalystConsensusTarget has increased profit margin from 13.6% to 15.3% and decreased future PE multiple from 20.3x to 17.8x.

Shared on 19 Mar 25

Fair value Decreased 0.55%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 1.45%

AnalystConsensusTarget has increased revenue growth from 11.7% to 13.1%, decreased profit margin from 15.1% to 13.6% and increased future PE multiple from 17.1x to 20.3x.

AnalystConsensusTarget Fair Value

HK$26.36

14.3% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

9.34%

Hospitality revenue growth rate

0.49%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.84%

Calculation

CN¥4.51b

Earnings '28

x

17.01x

PE Ratio '28

=

CN¥76.79b

Market Cap '28

CN¥76.79b

Market Cap '28

/

2.50b

No. shares '28

=

CN¥30.78

Share Price '28

CN¥30.78 Share Price '28

Discounted to 2025 @ 8.84% p.a.

=

CN¥23.87

Fair Value '25

CN¥23.87 Fair Value '25

Converted to HKD @ 1.1043 CNY/HKD Exchange Rate

=

HK$26.36

Fair Value '25