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Ctrip.com International

Nasdaq:CTRP
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTRP
Nasdaq
$19B
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The last earnings update was 2 days ago. More info.


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  • Ctrip.com International has significant price volatility in the past 3 months.
CTRP Share Price and Events
7 Day Returns
-4.1%
NasdaqGS:CTRP
-5.5%
US Online Retail
-2.1%
US Market
1 Year Returns
-24.3%
NasdaqGS:CTRP
-3%
US Online Retail
1.3%
US Market
CTRP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ctrip.com International (CTRP) -4.1% -18.1% 7.3% -24.3% -23.4% 27%
US Online Retail -5.5% -8.9% 1.2% -3% 106.1% 215.8%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • CTRP underperformed the Online Retail industry which returned -3% over the past year.
  • CTRP underperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
CTRP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Ctrip.com International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ctrip.com International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ctrip.com International.

NasdaqGS:CTRP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 32 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CTRP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.65
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.651 (1 + (1- 25%) (46.88%))
1.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.825 * 5.96%)
13.61%

Discounted Cash Flow Calculation for NasdaqGS:CTRP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ctrip.com International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CTRP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.61%)
2019 9,633.84 Analyst x6 8,479.98
2020 8,863.55 Analyst x12 6,867.50
2021 12,220.01 Analyst x10 8,334.09
2022 13,108.17 Analyst x4 7,869.09
2023 12,889.19 Analyst x2 6,810.89
2024 12,842.66 Est @ -0.36% 5,973.50
2025 12,915.39 Est @ 0.57% 5,287.82
2026 13,072.36 Est @ 1.22% 4,711.06
2027 13,290.64 Est @ 1.67% 4,216.06
2028 13,554.84 Est @ 1.99% 3,784.87
Present value of next 10 years cash flows CN¥62,334.86
NasdaqGS:CTRP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥13,554.84 × (1 + 2.73%) ÷ (13.61% – 2.73%)
CN¥128,023.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥128,023.56 ÷ (1 + 13.61%)10
CN¥35,747.53
NasdaqGS:CTRP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥62,334.86 + CN¥35,747.53
CN¥98,082.40
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥98,082.40 / 553.50
CN¥177.2
NasdaqGS:CTRP Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NasdaqGS:CTRP)
0.145
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥177.2 x 0.145
$25.68
Value per share (USD) From above. $25.68
Current discount Discount to share price of $35.18
= -1 x ($35.18 - $25.68) / $25.68
-37%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ctrip.com International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ctrip.com International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ctrip.com International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CTRP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥8.50
NasdaqGS:CTRP Share Price ** NasdaqGS (2019-05-24) in USD $35.18
NasdaqGS:CTRP Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.9 CN¥242.75
United States of America Online Retail Industry PE Ratio Median Figure of 28 Publicly-Listed Online Retail Companies 32.36x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ctrip.com International.

NasdaqGS:CTRP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CTRP Share Price ÷ EPS (both in CNY)

= 242.75 ÷ 8.50

28.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ctrip.com International is good value based on earnings compared to the US Online Retail industry average.
  • Ctrip.com International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ctrip.com International's expected growth come at a high price?
Raw Data
NasdaqGS:CTRP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 32 Analysts
5.2%per year
United States of America Online Retail Industry PEG Ratio Median Figure of 21 Publicly-Listed Online Retail Companies 2.13x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NasdaqGS:CTRP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.56x ÷ 5.2%

5.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ctrip.com International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ctrip.com International's assets?
Raw Data
NasdaqGS:CTRP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥165.67
NasdaqGS:CTRP Share Price * NasdaqGS (2019-05-24) in USD $35.18
NasdaqGS:CTRP Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.9 CN¥242.75
United States of America Online Retail Industry PB Ratio Median Figure of 63 Publicly-Listed Online Retail Companies 2.8x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGS:CTRP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CTRP Share Price ÷ Book Value per Share (both in CNY)

= 242.75 ÷ 165.67

1.47x

* Primary Listing of Ctrip.com International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ctrip.com International is good value based on assets compared to the US Online Retail industry average.
X
Value checks
We assess Ctrip.com International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. Ctrip.com International has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ctrip.com International expected to perform in the next 1 to 3 years based on estimates from 32 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ctrip.com International expected to grow at an attractive rate?
  • Ctrip.com International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ctrip.com International's earnings growth is positive but not above the United States of America market average.
  • Ctrip.com International's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CTRP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CTRP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 32 Analysts 5.2%
NasdaqGS:CTRP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 32 Analysts 16.7%
United States of America Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 25.8%
United States of America Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 16.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CTRP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CTRP Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 63,683 10,152 1
2021-12-31 51,964 13,699 7,329 21
2020-12-31 43,990 10,449 5,413 32
2019-12-31 36,849 11,070 7,042 27
NasdaqGS:CTRP Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 32,398 4,665
2018-12-31 30,965 7,115 1,112
2018-09-30 29,565 2,641
2018-06-30 28,369 5,204
2018-03-31 27,466 3,150
2017-12-31 26,796 7,069 2,155
2017-09-30 25,687 2,449
2017-06-30 23,140 1,079
2017-03-31 21,095 200
2016-12-31 19,245 5,270 -1,418
2016-09-30 17,035 -2,000
2016-06-30 14,645 1,472 391

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ctrip.com International's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • Ctrip.com International's revenue is expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CTRP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below

All data from Ctrip.com International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CTRP Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 15.62 15.62 15.62 1.00
2021-12-31 11.67 14.75 8.48 12.00
2020-12-31 8.54 11.35 5.45 20.00
2019-12-31 11.79 13.46 10.63 14.00
NasdaqGS:CTRP Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 8.50
2018-12-31 2.03
2018-09-30 4.84
2018-06-30 9.59
2018-03-31 5.86
2017-12-31 4.06
2017-09-30 4.69
2017-06-30 2.13
2017-03-31 0.41
2016-12-31 -3.00
2016-09-30 -4.58
2016-06-30 1.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ctrip.com International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ctrip.com International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ctrip.com International has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ctrip.com International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ctrip.com International's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ctrip.com International has delivered over 20% year on year earnings growth in the past 5 years.
  • Ctrip.com International's 1-year earnings growth exceeds its 5-year average (48.1% vs 34.8%)
  • Ctrip.com International's earnings growth has exceeded the US Online Retail industry average in the past year (48.1% vs 1.3%).
Earnings and Revenue History
Ctrip.com International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ctrip.com International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CTRP Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 32,398.00 4,665.00 12,725.00 10,004.00
2018-12-31 30,965.00 1,112.00 12,416.00 9,620.00
2018-09-30 29,564.80 2,640.69 11,740.45 8,976.81
2018-06-30 28,368.86 5,204.14 11,399.34 8,670.49
2018-03-31 27,465.63 3,150.01 11,134.02 8,456.23
2017-12-31 26,796.00 2,155.00 10,916.00 8,259.00
2017-09-30 25,687.11 2,448.64 10,191.77 7,906.76
2017-06-30 23,139.98 1,078.55 9,185.51 7,566.17
2017-03-31 21,095.43 199.98 8,426.23 7,253.50
2016-12-31 19,245.00 -1,418.00 8,380.00 7,687.00
2016-09-30 17,035.21 -2,000.29 7,523.73 6,825.53
2016-06-30 14,644.95 390.93 6,577.48 5,812.42
2016-03-31 12,760.80 1,054.96 5,666.92 4,885.17
2015-12-31 10,897.57 2,507.66 4,176.39 3,296.69
2015-09-30 9,936.81 2,207.50 3,962.61 3,225.44
2015-06-30 8,884.78 9.29 3,703.23 3,006.38
2015-03-31 8,079.91 1.40 3,436.98 2,689.14
2014-12-31 7,346.92 242.74 3,075.76 2,321.35
2014-09-30 6,874.03 728.64 2,664.58 1,865.03
2014-06-30 6,285.43 884.71 2,351.33 1,588.25
2014-03-31 5,808.03 960.20 2,107.81 1,418.84
2013-12-31 5,386.75 998.32 1,915.82 1,245.72
2013-09-30 5,047.69 929.39 1,818.23 1,176.95
2013-06-30 4,679.72 710.91 1,745.09 1,084.73
2013-03-31 4,408.49 659.51 1,671.20 983.22
2012-12-31 4,158.79 714.41 1,554.49 911.90
2012-09-30 3,983.27 774.38 1,419.77 820.60
2012-06-30 3,784.97 945.16 1,248.77 738.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ctrip.com International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ctrip.com International used its assets less efficiently than the US Online Retail industry average last year based on Return on Assets.
  • Ctrip.com International has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Ctrip.com International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ctrip.com International has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ctrip.com International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ctrip.com International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ctrip.com International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ctrip.com International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ctrip.com International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ctrip.com International Company Filings, last reported 1 month ago.

NasdaqGS:CTRP Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 94,335.00 62,988.00 56,411.00
2018-12-31 88,733.00 60,157.00 58,283.00
2018-09-30 89,987.00 62,088.00 59,283.00
2018-06-30 90,966.00 54,374.00 55,219.00
2018-03-31 88,714.00 49,648.00 51,376.00
2017-12-31 86,615.00 45,536.00 46,373.00
2017-09-30 83,665.39 48,435.97 45,386.30
2017-06-30 80,303.60 46,183.07 40,455.64
2017-03-31 76,006.24 44,996.84 33,819.44
2016-12-31 75,520.75 41,537.98 32,547.54
2016-09-30 71,256.65 41,590.03 36,969.32
2016-06-30 59,685.27 31,066.72 15,560.87
2016-03-31 60,162.84 30,654.52 18,452.44
2015-12-31 63,684.93 32,298.01 27,451.46
2015-09-30 12,885.19 22,661.72 16,177.63
2015-06-30 11,411.81 22,354.91 19,324.99
2015-03-31 10,591.65 11,174.50 11,153.94
2014-12-31 10,377.73 11,545.08 11,739.74
2014-09-30 9,962.63 10,356.82 10,195.17
2014-06-30 9,014.81 7,338.24 9,561.09
2014-03-31 8,712.81 6,756.99 10,804.77
2013-12-31 8,730.09 6,431.78 10,773.44
2013-09-30 7,964.91 1,638.60 5,984.93
2013-06-30 7,311.45 1,551.36 5,976.48
2013-03-31 6,950.59 1,570.15 5,427.39
2012-12-31 6,584.88 1,574.90 4,830.20
2012-09-30 5,883.96 2,078.34 4,101.01
2012-06-30 6,914.41 381.11 4,480.81
  • Ctrip.com International's level of debt (66.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (77.6% vs 66.8% today).
  • Debt is not well covered by operating cash flow (11.3%, less than 20% of total debt).
  • Ctrip.com International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ctrip.com International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ctrip.com International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ctrip.com International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ctrip.com International dividends. Estimated to be 0% next year.
If you bought $2,000 of Ctrip.com International shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ctrip.com International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ctrip.com International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CTRP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below
Global Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CTRP Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 6.00
2020-12-31 0.00 8.00
2019-12-31 0.00 8.00
NasdaqGS:CTRP Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2009-11-11 0.000 0.000
2009-08-04 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ctrip.com International has not reported any payouts.
  • Unable to verify if Ctrip.com International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ctrip.com International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ctrip.com International has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Ctrip.com International's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Ctrip.com International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ctrip.com International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ctrip.com International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ctrip.com International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jane Jie Sun
COMPENSATION CN¥0
AGE 49
TENURE AS CEO 2.5 years
CEO Bio

Ms. Jane Jie Sun has been the Chief Executive Officer of Ctrip.com International Ltd. since November 2016 and has been its Director since November 16, 2016. Ms. Sun has been a Director of iQIYI, Inc. since June 14, 2018. Ms. Sun serves as the Head of the SEC and External Reporting Division of Applied Materials, Inc. She served as Chief Operating Officer at from May 2012 to November 2016 and Co-President from March 2015 to November 2016. She served as the Chief Financial Officer of Ctrip.com International Ltd. from December 2005 to May 2012. Prior to joining Applied Materials, Inc., she worked with KPMG LLP as an audit manager in Silicon Valley, California for five years. She has been an Independent Director of TAL Education Group since October 2010. She has extensive experience in SEC reporting, finance and accounting. She worked with Applied Materials, Inc. from 1997 to 2005. She is a member of the American Institute of Certified Public Accountants and the State of California Certified Public Accountants. She received her Bachelor's Degree from the Business School of University of Florida with High Honors. Ms. Sun also attended the undergraduate program at the Beijing University Law School from 1987 to 1989.

CEO Compensation
  • Insufficient data for Jane Jie to compare compensation growth.
  • Insufficient data for Jane Jie to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ctrip.com International management team in years:

4.3
Average Tenure
48.5
Average Age
  • The tenure for the Ctrip.com International management team is about average.
Management Team

James Liang

TITLE
Co-Founder & Executive Chairman
AGE
48

Jane Jie Sun

TITLE
CEO & Director
AGE
49
TENURE
2.5 yrs

Alfred Fan

TITLE
Co-Founder
AGE
53
TENURE
10.3 yrs

Neil Shen

TITLE
Co-Founder & Independent Director
AGE
51

Cindy Wang

TITLE
CFO & Executive VP
AGE
43
TENURE
5.5 yrs

Maohua Sun

TITLE
COO & Executive VP
AGE
46
TENURE
2.5 yrs

Xiong Xing

TITLE
Executive Vice President
AGE
44
TENURE
3 yrs

Eric Ye

TITLE
Vice President of Technology
AGE
54
TENURE
6.3 yrs

Mingxuan Qi

TITLE
Senior IR Director

Victor Tseng

TITLE
Chief Communications Officer
Board of Directors Tenure

Average tenure and age of the Ctrip.com International board of directors in years:

11
Average Tenure
49
Average Age
  • The average tenure for the Ctrip.com International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jane Jie Sun

TITLE
CEO & Director
AGE
49
TENURE
2.5 yrs

Gabriel Li

TITLE
Vice Chairman
AGE
50
TENURE
15.8 yrs

James Liang

TITLE
Co-Founder & Executive Chairman
AGE
48
TENURE
15.8 yrs

Alfred Fan

TITLE
Co-Founder
AGE
53
TENURE
6.2 yrs

Neil Shen

TITLE
Co-Founder & Independent Director
AGE
51
TENURE
19.9 yrs

JP Gan

TITLE
Director
AGE
46
TENURE
17.3 yrs

Qi Ji

TITLE
Co-Founder & Independent Director
AGE
51
TENURE
19.9 yrs

Robin Li

TITLE
Director
AGE
49
TENURE
3.6 yrs

Herman Yu

TITLE
Director
AGE
47
TENURE
1.6 yrs

Gillian Tans

TITLE
Board Observer
AGE
47
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Ctrip.com International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ctrip.com International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Did Ctrip.com International's (NASDAQ:CTRP) Share Price Deserve to Gain 31%?

During five years of share price growth, Ctrip.com International actually saw its EPS drop 12% per year. … In contrast revenue growth of 35% per year is probably viewed as evidence that Ctrip.com International is growing, a real positive. … A Different Perspective Ctrip.com International shareholders are down 15% for the year, but the market itself is up 4.8%.

Simply Wall St -

Read This Before Judging Ctrip.com International, Ltd.'s (NASDAQ:CTRP) ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Ctrip.com International, Ltd. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.012 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Ctrip.com International, Ltd.'s (NASDAQ:CTRP) Debt Level Pose A Problem?

Today we will look at Ctrip.com International’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis … See our latest analysis for Ctrip.com International

Simply Wall St -

Is Now The Time To Look At Buying Ctrip.com International, Ltd. (NASDAQ:CTRP)?

Today we're going to take a look at the well-established Ctrip.com International, Ltd. … received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price

Simply Wall St -

What Kind Of Investor Owns Most Of Ctrip.com International, Ltd. (NASDAQ:CTRP)?

Generally speaking, as a company grows, institutions will increase their ownership. … We also tend to see lower insider ownership in companies that were previously publicly owned. … institutional investors have bought into the company.

Simply Wall St -

Is Ctrip.com International, Ltd. (NASDAQ:CTRP) Worth CN¥32.38 Based On Intrinsic Value?

In this article I am going to calculate the intrinsic value of Ctrip.com International, Ltd. … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Should You Be Worried About Ctrip.com International, Ltd.'s (NASDAQ:CTRP) 2.9% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Ctrip.com International has a return on equity of 2.9% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Despite Its High P/E Ratio, Is Ctrip.com International, Ltd. (NASDAQ:CTRP) Still Undervalued?

How Do I Calculate Ctrip.com International's Price To Earnings Ratio … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 42.08 = CN¥203.6 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥4.84

Simply Wall St -

What Are Analysts Expecting From Ctrip.com International, Ltd. (NASDAQ:CTRP) Over The Next Year?

(NASDAQ:CTRP) released its earnings in September 2018, … analyst consensus outlook appear … with profits predicted to drop by -7.3% next year

Simply Wall St -

Is It Time To Consider Buying Ctripcom International Ltd (NASDAQ:CTRP)?

saw a decent share price growth in the teens level on the NasdaqGS over the last few months. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Ctrip.com International’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Company Info

Description

Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status. It also provides independent leisure travelers bundled packaged-tour products comprising group tours, semi-group tours, and customized and packaged tours with various transportation arrangements, such as flights, cruises, buses, and car rental services. In addition, the company offers integrated transportation and accommodation services; various value-added services, such as transportation at destinations and tickets, activities, insurance, visa services, and tour guides; and supplier management and customer relationship management services. Further, it provides its corporate clients with travel data collection and analysis, industry benchmark, cost saving analysis, and travel management solutions; and Corporate Travel Management System, an online platform that integrates information maintenance, online booking and authorization, online enquiry, and travel report system. Additionally, the company offers online advertising services. It operates primarily under the Ctrip, Qunar, Trip.com, and Skyscanner brand names. The company has a strategic partnership with Meliá Hotels International, S.A. Ctrip.com International, Ltd. was founded in 1999 and is headquartered in Shanghai, the People’s Republic of China.

Details
Name: Ctrip.com International, Ltd.
CTRP
Exchange: NasdaqGS
Founded: 1999
$19,472,070,897
553,498,320
Website: http://www.ctrip.com
Address: Ctrip.com International, Ltd.
No. 99 Fu Quan Road,
Shanghai,
200335,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CTRP ADS EACH REP 0.125 ORD USD0.01 Nasdaq Global Select US USD 09. Dec 2003
DB CLV ADS EACH REP 0.125 ORD USD0.01 Deutsche Boerse AG DE EUR 09. Dec 2003
WBAG CTRP ADS EACH REP 0.125 ORD USD0.01 Wiener Boerse AG AT EUR 09. Dec 2003
BMV CTRP N ADS EACH REP 0.125 ORD USD0.01 Bolsa Mexicana de Valores MX MXN 09. Dec 2003
Number of employees
Current staff
Staff numbers
45,100
Ctrip.com International employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:55
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.