Reported Earnings • Apr 30
Full year 2025 earnings released: EPS: CN¥50.62 (vs CN¥26.10 in FY 2024) Full year 2025 results: EPS: CN¥50.62 (up from CN¥26.10 in FY 2024). Revenue: CN¥62.4b (up 17% from FY 2024). Net income: CN¥33.3b (up 95% from FY 2024). Profit margin: 53% (up from 32% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Mar 12
Rosen Law Firm Files Class Action Lawsuit on Behalf of Purchasers of the Securities of Trip.Com Group Limited Rosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of Trip.com Group Limited between April 30, 2024 and January 13, 2026, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Trip.com investors under the federal securities laws . According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Defendants recklessly understated the regulatory risk facing Trip.com as a result of its monopolistic business activities; and (2) as a result, defendants’ statements about Trip.com’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: CN¥50.62 (vs CN¥26.10 in FY 2024) Full year 2025 results: EPS: CN¥50.62 (up from CN¥26.10 in FY 2024). Revenue: CN¥62.4b (up 17% from FY 2024). Net income: CN¥33.3b (up 95% from FY 2024). Profit margin: 53% (up from 32% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
Trip.com Group Limited Announces Management Changes, Effective February 25, 2026 Trip.com Group Limited announced a series of changes to its board of directors, effective February 25, 2026. Mr. Min Fan has resigned from his positions as a director and the president of the Company, and Mr. Qi Ji has resigned from his position as a director. As co-founders of the Company, Mr. Fan and Mr. Ji have made foundational and immeasurable contributions to its inception, growth, and success. The board expresses its most sincere gratitude and deepest appreciation for their vision, extraordinary leadership, and years of dedicated service. Concurrently, the Company announced the appointments of Ms. May Yihong Wu and Ms. Iris Yang Xiao as new independent directors. These appointments reflect the board's ongoing commitment to maintaining diverse expertise and fresh perspectives, positioning it to effectively guide the Company's evolving strategy and oversee future opportunities and risks. Additionally, Mr. Gabriel Li has been appointed to serve on the compensation committee of the board of directors. Ms. May Yihong Wu has been serving as an independent director, the chairwoman of the audit committee and a member of the compensation committee of MakeMyTrip Limited since May 2024, an independent non-executive director and chairwoman of the audit committee of Alibaba Health Information Technology Limited since August 2023, an independent non-executive director and chairwoman of the audit committee of Swire Properties Limited since May 2017, and an independent director and a member of the corporate governance and nominating committee of Noah Holdings Limited since November 2010, where she was also a member of the compensation committee from November 2010 to May 2015 and has been the chairwoman of the compensation committee since May 2015. From July 2019 to May 2023, Ms. Wu also served as a board adviser of Homeinns Hotel Group, where she also served as the chief strategy officer from May 2010 to June 2019 and chief financial officer from July 2006 to April 2010. Ms. Wu holds an MBA degree from the Kellogg School of Management at Northwestern University, a master's degree in economics from Brooklyn College of the City University of New York, and a bachelor's degree in biochemistry from Fudan University. Ms. Iris Yang Xiao served as an investment analyst of Capital International Investors, Hong Kong from June 2020 to June 2025. Prior to that, Ms. Xiao worked at Principal Global Investors from March 2013 to March 2020, including as a portfolio manager and as an equity analyst. Prior to that, Ms. Xiao served as a portfolio manager of Ping An of China Asset Management from March 2010 to February 2013. Ms. Xiao holds a bachelor's degree in international economics and trade from Shanghai Jiao Tong University and a master's degree in global finance from the New York University Stern Business School and the Hong Kong University of Science and Technology. According to the Company's current articles of association, each of Ms. Wu and Ms. Xiao will hold office as a director of the Company until the first annual general meeting following her appointment, at which point she will be eligible for re-election. Announcement • Feb 09
Trip.com Group Limited to Report Q4, 2025 Results on Feb 26, 2026 Trip.com Group Limited announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 26, 2026 Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$62.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$106 per share. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: CN¥30.37 (vs CN¥10.36 in 3Q 2024) Third quarter 2025 results: EPS: CN¥30.37 (up from CN¥10.36 in 3Q 2024). Revenue: CN¥18.3b (up 16% from 3Q 2024). Net income: CN¥19.9b (up 194% from 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Nov 05
Trip.com Group Limited to Report Q3, 2025 Results on Nov 17, 2025 Trip.com Group Limited announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 17, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥7.34 (vs CN¥5.84 in 2Q 2024) Second quarter 2025 results: EPS: CN¥7.34 (up from CN¥5.84 in 2Q 2024). Revenue: CN¥14.8b (up 16% from 2Q 2024). Net income: CN¥4.85b (up 26% from 2Q 2024). Profit margin: 33% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Trip.com Group Limited to Report Q2, 2025 Results on Aug 27, 2025 Trip.com Group Limited announced that they will report Q2, 2025 results After-Market on Aug 27, 2025 Reported Earnings • May 20
First quarter 2025 earnings released: EPS: CN¥6.48 (vs CN¥6.62 in 1Q 2024) First quarter 2025 results: EPS: CN¥6.48 (down from CN¥6.62 in 1Q 2024). Revenue: CN¥13.8b (up 16% from 1Q 2024). Net income: CN¥4.28b (flat on 1Q 2024). Profit margin: 31% (down from 36% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 20
Trip.com Group Limited, Annual General Meeting, Jun 30, 2025 Trip.com Group Limited, Annual General Meeting, Jun 30, 2025, at 09:30 China Standard Time. Location: building 16, 968 jinzhong road, shanghai 200335, prc., China Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 40% After last week's 40% share price decline to US$36.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Hospitality industry in the United Kingdom. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at US$60.29 per share. Buy Or Sell Opportunity • May 06
Now 40% undervalued The stock has been flat over the last 90 days, currently trading at US$36.30. The fair value is estimated to be US$60.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Announcement • May 06
Trip.com Group Limited to Report Q1, 2025 Results on May 19, 2025 Trip.com Group Limited announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on May 19, 2025 Reported Earnings • Apr 13
Full year 2024 earnings released: EPS: CN¥26.10 (vs CN¥15.19 in FY 2023) Full year 2024 results: EPS: CN¥26.10 (up from CN¥15.19 in FY 2023). Revenue: CN¥53.3b (up 20% from FY 2023). Net income: CN¥17.1b (up 72% from FY 2023). Profit margin: 32% (up from 22% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: CN¥26.10 (vs CN¥15.19 in FY 2023) Full year 2024 results: EPS: CN¥26.10 (up from CN¥15.19 in FY 2023). Revenue: CN¥53.3b (up 20% from FY 2023). Net income: CN¥17.1b (up 72% from FY 2023). Profit margin: 32% (up from 22% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 25
Trip.com Group Limited (NasdaqGS:TCOM) announces an Equity Buyback for $400 million worth of its shares. Trip.com Group Limited (NasdaqGS:TCOM) announces a share repurchase program. Under the program, the company will repurchase up to $400 million worth of it's ordinary shares and/or ADSs. Board Change • Feb 12
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Julius Luo was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Dec 27
Now 36% undervalued The stock has been flat over the last 90 days, currently trading at US$36.30. The fair value is estimated to be US$56.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has grown by 97%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: CN¥10.36 (vs CN¥7.06 in 3Q 2023) Third quarter 2024 results: EPS: CN¥10.36 (up from CN¥7.06 in 3Q 2023). Revenue: CN¥15.9b (up 16% from 3Q 2023). Net income: CN¥6.77b (up 47% from 3Q 2023). Profit margin: 43% (up from 34% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 05
Trip.com Group Limited to Report Q3, 2024 Results on Nov 19, 2024 Trip.com Group Limited announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Nov 19, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥5.84 (vs CN¥0.97 in 2Q 2023) Second quarter 2024 results: EPS: CN¥5.84 (up from CN¥0.97 in 2Q 2023). Revenue: CN¥12.8b (up 14% from 2Q 2023). Net income: CN¥3.83b (up CN¥3.20b from 2Q 2023). Profit margin: 30% (up from 5.6% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$42.04, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$66.08 per share. Announcement • Aug 14
Trip.com Group Limited to Report Q2, 2024 Results on Aug 26, 2024 Trip.com Group Limited announced that they will report Q2, 2024 results on Aug 26, 2024 Reported Earnings • Jun 06
First quarter 2024 earnings released: EPS: CN¥6.62 (vs CN¥5.18 in 1Q 2023) First quarter 2024 results: EPS: CN¥6.62 (up from CN¥5.18 in 1Q 2023). Revenue: CN¥11.9b (up 29% from 1Q 2023). Net income: CN¥4.31b (up 28% from 1Q 2023). Profit margin: 36% (in line with 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 10
Trip.com Group Limited to Report Q1, 2024 Results on May 20, 2024 Trip.com Group Limited announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 20, 2024 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 49% After last week's 49% share price gain to US$53.98, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$65.76 per share. Reported Earnings • May 01
Full year 2023 earnings released: EPS: CN¥15.19 (vs CN¥2.16 in FY 2022) Full year 2023 results: EPS: CN¥15.19 (up from CN¥2.16 in FY 2022). Revenue: CN¥44.5b (up 122% from FY 2022). Net income: CN¥9.92b (up CN¥8.52b from FY 2022). Profit margin: 22% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: CN¥15.19 (vs CN¥2.16 in FY 2022) Full year 2023 results: EPS: CN¥15.19 (up from CN¥2.16 in FY 2022). Revenue: CN¥44.5b (up 122% from FY 2022). Net income: CN¥9.92b (up CN¥8.52b from FY 2022). Profit margin: 22% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 09
Trip.com Group Limited to Report Q4, 2023 Results on Feb 21, 2024 Trip.com Group Limited announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: CN¥7.06 (vs CN¥0.41 in 3Q 2022) Third quarter 2023 results: EPS: CN¥7.06 (up from CN¥0.41 in 3Q 2022). Revenue: CN¥13.7b (up 99% from 3Q 2022). Net income: CN¥4.62b (up CN¥4.35b from 3Q 2022). Profit margin: 34% (up from 3.9% in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Nov 09
Trip.com Group Limited to Report Q3, 2023 Results on Nov 21, 2023 Trip.com Group Limited announced that they will report Q3, 2023 results Pre-Market on Nov 21, 2023 Reported Earnings • Sep 05
Second quarter 2023 earnings released: EPS: CN¥0.97 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.97 (up from CN¥0.11 in 2Q 2022). Revenue: CN¥11.2b (up 180% from 2Q 2022). Net income: CN¥631.0m (up CN¥562.0m from 2Q 2022). Profit margin: 5.6% (up from 1.7% in 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 24
Trip.com Group Limited to Report Q2, 2023 Results on Sep 04, 2023 Trip.com Group Limited announced that they will report Q2, 2023 results on Sep 04, 2023 Announcement • Jul 23
Trip.com Group Limited Announces Resignation of Robin Yanhong Li as Director Trip.com Group Limited announced that Mr. Robin Yanhong Li has resigned as a director of the Company, effective immediately. Following the director resignation, the board of directors of the Company consists of eight (8) directors, including four (4) independent directors. The remaining eight (8) directors will continue their services to the board of directors of the Company. Reported Earnings • Jun 08
First quarter 2023 earnings released: EPS: CN¥5.18 (vs CN¥1.53 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥5.18 (up from CN¥1.53 loss in 1Q 2022). Revenue: CN¥9.20b (up 124% from 1Q 2022). Net income: CN¥3.38b (up CN¥4.36b from 1Q 2022). Profit margin: 37% (up from net loss in 1Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 26
Trip.com Group Limited to Report Q1, 2023 Results on Jun 07, 2023 Trip.com Group Limited announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Jun 07, 2023 Announcement • May 19
Trip.com Group Limited, Annual General Meeting, Jun 01, 2023 Trip.com Group Limited, Annual General Meeting, Jun 01, 2023. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: CN¥2.16 (vs CN¥0.87 loss in FY 2021) Full year 2022 results: EPS: CN¥2.16 (up from CN¥0.87 loss in FY 2021). Revenue: CN¥20.0b (flat on FY 2021). Net income: CN¥1.40b (up CN¥1.95b from FY 2021). Profit margin: 7.0% (up from net loss in FY 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Dec 15
Third quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥1.32 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.41 (up from CN¥1.32 loss in 3Q 2021). Revenue: CN¥6.89b (up 29% from 3Q 2021). Net income: CN¥266.0m (up CN¥1.12b from 3Q 2021). Profit margin: 3.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director JP Gan was the last independent director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 23
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥1.02 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥1.02 loss in 2Q 2021). Revenue: CN¥4.01b (down 32% from 2Q 2021). Net income: CN¥69.0m (up CN¥716.0m from 2Q 2021). Profit margin: 1.7% (up from net loss in 2Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jun 28
First quarter 2022 earnings released: CN¥1.53 loss per share (vs CN¥2.94 profit in 1Q 2021) First quarter 2022 results: CN¥1.53 loss per share (down from CN¥2.94 profit in 1Q 2021). Revenue: CN¥4.11b (flat on 1Q 2021). Net loss: CN¥989.0m (down 156% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 25% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 29
Full year 2021 earnings released: CN¥0.87 loss per share (vs CN¥5.40 loss in FY 2020) Full year 2021 results: CN¥0.87 loss per share (up from CN¥5.40 loss in FY 2020). Revenue: CN¥20.0b (up 9.3% from FY 2020). Net loss: CN¥550.0m (loss narrowed 83% from FY 2020). Over the next year, revenue is forecast to grow 2.8%, compared to a 39% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director JP Gan was the last independent director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 27% share price decline to US$26.47, the stock trades at a forward P/E ratio of 179x. Average forward P/E is 23x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$33.16 per share. Buying Opportunity • Jan 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be CN¥33.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% per annum over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 35% share price decline to US$23.58, the stock trades at a forward P/E ratio of 181x. Average forward P/E is 17x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 12% over the past three years. Reported Earnings • Dec 16
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: CN¥1.32 loss per share (down from CN¥2.63 profit in 3Q 2020). Revenue: CN¥5.34b (down 2.2% from 3Q 2020). Net loss: CN¥849.0m (down 154% from profit in 3Q 2020). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 38%, compared to a 38% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$30.69, the stock trades at a forward P/E ratio of 71x. Average forward P/E is 20x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 12% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$40.61 per share. Reported Earnings • Sep 24
Second quarter 2021 earnings released: CN¥1.02 loss per share (vs CN¥0.79 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: CN¥5.89b (up 87% from 2Q 2020). Net loss: CN¥647.0m (loss widened 36% from 2Q 2020). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment deteriorated over the past week After last week's 22% share price decline to US$28.31, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 23x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$29.58 per share. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorated over the past week After last week's 33% share price decline to CN¥24.46, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 21x in the Hospitality industry in Europe. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$28.64 per share. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥41.85, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 33x in the Online Retail industry in the United Kingdom. Total loss to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$50.34 per share. Reported Earnings • May 21
First quarter 2021 earnings released: EPS CN¥2.94 (vs CN¥8.98 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥4.11b (down 13% from 1Q 2020). Net income: CN¥1.78b (up CN¥7.13b from 1Q 2020). Profit margin: 43% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 11
New 90-day high: US$41.20 The company is up 23% from its price of US$33.40 on 11 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$47.28 per share. Reported Earnings • Mar 05
Full year 2020 earnings released: CN¥5.40 loss per share (vs CN¥12.35 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥18.3b (down 49% from FY 2019). Net loss: CN¥3.25b (down 146% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 65% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 32%, compared to a 22% growth forecast for the Online Retail industry in the United Kingdom. Is New 90 Day High Low • Feb 10
New 90-day high: US$36.30 The company is up 5.0% from its price of US$34.70 on 12 November 2020. The British market is also up 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Online Retail industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$43.23 per share. Analyst Estimate Surprise Post Earnings • Dec 03
Revenue beats expectations Revenue exceeded analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 15%, compared to a 25% growth forecast for the Online Retail industry in the United Kingdom. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS CN¥2.63 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥5.46b (down 48% from 3Q 2019). Net income: CN¥1.58b (up 99% from 3Q 2019). Profit margin: 29% (up from 7.6% in 3Q 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Nov 11
New 90-day high: US$35.90 The company is up 23% from its price of US$29.20 on 12 August 2020. The British market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$29.21 per share. Is New 90 Day High Low • Sep 28
New 90-day high: US$31.40 The company is up 20% from its price of US$26.20 on 30 June 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$21.99 per share. Reported Earnings • Sep 28
First half earnings released Over the last 12 months the company has reported total losses of CN¥3.03b, with earnings decreasing by CN¥4.93b from the prior year. Total revenue was CN¥26.7b over the last 12 months, down 21% from the prior year.