Trip.com Group Limited

NasdaqGS:TCOM Stock Report

Market Cap: US$33.0b

Trip.com Group Valuation

Is TCOM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TCOM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TCOM ($50.68) is trading below our estimate of fair value ($60.9)

Significantly Below Fair Value: TCOM is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TCOM?

Other financial metrics that can be useful for relative valuation.

TCOM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.7x
Enterprise Value/EBITDA16.7x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does TCOM's PE Ratio compare to its peers?

The above table shows the PE ratio for TCOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.7x
HLT Hilton Worldwide Holdings
44.1x16.4%US$52.7b
MAR Marriott International
23.8x6.7%US$68.7b
EXPE Expedia Group
20.3x17.3%US$16.3b
ABNB Airbnb
18.8x1.7%US$92.8b
TCOM Trip.com Group
22x12.7%US$33.0b

Price-To-Earnings vs Peers: TCOM is good value based on its Price-To-Earnings Ratio (22x) compared to the peer average (26.7x).


Price to Earnings Ratio vs Industry

How does TCOM's PE Ratio compare vs other companies in the US Hospitality Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TCOM is expensive based on its Price-To-Earnings Ratio (22x) compared to the US Hospitality industry average (19.3x).


Price to Earnings Ratio vs Fair Ratio

What is TCOM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TCOM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22x
Fair PE Ratio26.5x

Price-To-Earnings vs Fair Ratio: TCOM is good value based on its Price-To-Earnings Ratio (22x) compared to the estimated Fair Price-To-Earnings Ratio (26.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TCOM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$50.68
US$66.22
+30.7%
11.6%US$86.95US$49.97n/a30
Jun ’25US$51.51
US$66.12
+28.4%
11.6%US$86.83US$49.90n/a30
May ’25US$48.74
US$55.48
+13.8%
10.1%US$71.54US$43.72n/a30
Apr ’25US$46.96
US$54.81
+16.7%
9.9%US$71.63US$43.77n/a30
Mar ’25US$44.91
US$54.57
+21.5%
10.5%US$71.96US$43.98n/a31
Feb ’25US$37.40
US$49.80
+33.1%
12.0%US$68.49US$35.74n/a31
Jan ’25US$36.01
US$50.04
+39.0%
12.0%US$68.92US$35.96n/a31
Dec ’24US$34.14
US$49.99
+46.4%
12.0%US$68.90US$35.95n/a31
Nov ’24US$33.53
US$50.28
+50.0%
10.9%US$66.99US$35.93n/a30
Oct ’24US$34.97
US$50.56
+44.6%
9.9%US$67.13US$42.53n/a30
Sep ’24US$40.38
US$48.09
+19.1%
8.9%US$58.61US$39.68n/a31
Aug ’24US$40.36
US$48.58
+20.4%
8.9%US$57.86US$40.30n/a31
Jul ’24US$35.00
US$47.43
+35.5%
9.9%US$57.72US$38.45n/a30
Jun ’24US$32.23
US$45.47
+41.1%
10.0%US$56.51US$33.58US$51.5131
May ’24US$35.29
US$46.26
+31.1%
10.0%US$57.59US$34.22US$48.7431
Apr ’24US$37.67
US$46.64
+23.8%
10.1%US$58.65US$34.48US$46.9631
Mar ’24US$37.73
US$41.38
+9.7%
11.2%US$52.56US$30.79US$44.9131
Feb ’24US$37.64
US$41.80
+11.1%
10.7%US$52.02US$31.66US$37.4030
Jan ’24US$34.40
US$39.50
+14.8%
11.5%US$52.06US$30.65US$36.0130
Dec ’23US$31.87
US$31.57
-0.9%
9.8%US$39.00US$26.05US$34.1430
Nov ’23US$24.54
US$30.61
+24.7%
11.1%US$35.83US$23.73US$33.5331
Oct ’23US$27.31
US$30.88
+13.1%
11.5%US$35.99US$23.59US$34.9730
Sep ’23US$25.68
US$30.79
+19.9%
10.1%US$35.98US$23.36US$40.3830
Aug ’23US$25.23
US$31.06
+23.1%
12.0%US$36.76US$20.01US$40.3631
Jul ’23US$27.79
US$30.86
+11.0%
12.8%US$37.00US$20.14US$35.0031
Jun ’23US$21.78
US$28.25
+29.7%
12.3%US$37.80US$20.02US$32.2331

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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