Duyuru • May 28
Trip.com Group Limited, Annual General Meeting, Jun 30, 2026 Trip.com Group Limited, Annual General Meeting, Jun 30, 2026, at 09:30 Singapore Standard Time. Location: 30 raffles place, 29-01, singapore 048622., Singapore Reported Earnings • May 04
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). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in South America. 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. Duyuru • 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. Duyuru • 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. 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 12% growth forecast for the Hospitality industry in South America. 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. Duyuru • 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 Buy Or Sell Opportunity • Jan 15
Now 35% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to Mex$1,112. The fair value is estimated to be Mex$1,715, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% 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 forecast to decline by 17% per annum over the same time period. 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 12% growth forecast for the Hospitality industry in South America. 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 32% per year, which means it is significantly lagging earnings growth. Duyuru • 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 12% growth forecast for the Hospitality industry in South America. 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 39% per year, which means it is significantly lagging earnings growth. Duyuru • 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 21
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 12% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Duyuru • 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 Duyuru • 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 • Feb 25
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 8.2% growth forecast for the Hospitality industry in Mexico. Duyuru • 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 24
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. Duyuru • 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 Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Mex$948, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Hospitality industry in South America. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$823 per share. Reported Earnings • Aug 27
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 13% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Duyuru • 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 • May 22
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 13% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • 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 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 13% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 16
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at Mex$829. The fair value is estimated to be Mex$688, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Board Observer Gillian Tans was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 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 13% growth forecast for the Hospitality industry in South America. 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 5% per year, which means it is significantly lagging earnings. Board Change • Feb 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Board Observer Gillian Tans was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • 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 Duyuru • 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 Duyuru • 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 Board Change • Aug 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Board Observer Gillian Tans was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • 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 09
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 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in South America. 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 3% per year, which means it is significantly lagging earnings growth. Board Change • Jun 08
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. Duyuru • 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 Duyuru • May 19
Trip.com Group Limited, Annual General Meeting, Jun 01, 2023 Trip.com Group Limited, Annual General Meeting, Jun 01, 2023. Board Change • Apr 28
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 • Mar 29
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 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in South America. 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 6% per year, which means it is well ahead of earnings. Board Change • Mar 24
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 • Mar 09
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 15% growth forecast for the Hospitality industry in South America. 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 3% per year, which means it is well ahead of earnings. Board Change • Feb 24
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. Board Change • Jan 30
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. Board Change • Jan 05
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 • Dec 18
Third quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥1.31 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.41 (up from CN¥1.31 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). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in South America. 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 • Dec 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. Board Change • Nov 17
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. Board Change • Oct 21
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 22
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). The move to profitability was driven by lower expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has fallen by 45% 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 • Aug 25
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. Board Change • Aug 04
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 • 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 37% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Board Change • May 20
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. Board Change • Mar 12
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. Board Change • Jan 08
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 • Dec 23
Investor sentiment deteriorated over the past week After last week's 25% share price decline to Mex$471, the stock trades at a forward P/E ratio of 122x. Average forward P/E is 21x in the Hospitality industry globally. Total loss to shareholders of 14% over the past three years. Reported Earnings • Dec 17
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 53% growth forecast for the industry in Mexico. 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 3% per year, which means it is well ahead of earnings. Board Change • Dec 09
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. Board Change • Oct 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 Vice Chairman Gabriel Li was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 13
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 Vice Chairman Gabriel Li was the last independent director to join the board, commencing their role in 2003. 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 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). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 18% share price gain to Mex$582, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 22x in the Hospitality industry globally. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$480 per share. Reported Earnings • May 20
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 3% per year, which means it has not declined as severely as earnings. 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 2% 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 40%, compared to a 34% growth forecast for the Online Retail industry in Mexico. Reported Earnings • Dec 02
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. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 02
Revenue beats expectations Revenue exceeded analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 20%, compared to a 30% growth forecast for the Online Retail industry in Mexico. Reported Earnings • Sep 27
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.