Tongcheng Travel Holdings Ltd
HKEX:780
Intrinsic Value
Tongcheng Travel Holdings Ltd. engages in the provision of travel related services. [ Read More ]
The intrinsic value of one
Tongcheng Travel Holdings Ltd
stock under the Base Case scenario is
39.49
HKD.
Compared to the current market price of 21.65 HKD,
Tongcheng Travel Holdings Ltd
is
Undervalued by 45%.
Tongcheng Travel Holdings Ltd's market capitalization is 48.8B HKD.
Tongcheng Travel Holdings Ltd stock price is 21.65 HKD.
Tongcheng Travel Holdings Ltd stock price (21.65 HKD) is 45% less than its Intrinsic Value (39.49 HKD).
Tongcheng Travel Holdings Ltd stock price (21.65 HKD) is 36% less than its DCF Value (33.81 HKD). Open DCF Valuation
Tongcheng Travel Holdings Ltd stock price (21.65 HKD) is 52% less than its Relative Value (45.16 HKD). Open Relative Valuation
Tongcheng Travel Holdings Ltd has upside potential of 7% compared to the average analyst price target.
Open Wall St Estimates
Tongcheng Travel Holdings Ltd's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 9%.
Tongcheng Travel Holdings Ltd's ROE (Return on Equity) for the past 12 months is positive and is equal to 9%.
Tongcheng Travel Holdings Ltd has positive Operating Income for the last twelve months.
Tongcheng Travel Holdings Ltd's ROIC (Return on Invested Capital) has increased in the last 3 years from 5% to 9%.
Tongcheng Travel Holdings Ltd has positive Net Income for the last twelve months.
Tongcheng Travel Holdings Ltd's ROE (Return on Equity) has increased in the last 3 years from 4% to 9%.
Tongcheng Travel Holdings Ltd's short-term assets (15B CNY) exceed its short-term liabilties (12B CNY).
Tongcheng Travel Holdings Ltd has positive three-year average ROIC (Return on Invested Capital): 5%. The company is efficient at using invested capital to generate operating income.
Tongcheng Travel Holdings Ltd has a very low three-year average ROE (Return on Equity): 4%. The company is not efficient at transforming stockholders' equity into net income.
Tongcheng Travel Holdings Ltd's Revenue is forecast to grow at a rate of 28% per year over the next 3 years.
Tongcheng Travel Holdings Ltd's Revenue has grown by an exceptional 81% over the past 12 months.
Tongcheng Travel Holdings Ltd has positive Free Cash Flow for the last twelve months.
Tongcheng Travel Holdings Ltd's Revenue has been growing by an exceptional 26% per year for the last 3 years.
Tongcheng Travel Holdings Ltd's long-term assets (32B CNY) exceed its long-term liabilties (14B CNY).
Tongcheng Travel Holdings Ltd's Altman Z-Score is very low and is equal to 1.63.
Tongcheng Travel Holdings Ltd has positive Gross Profit for the last twelve months.
Tongcheng Travel Holdings Ltd's D/E (Debt to Equity) is very low and is equal to 0.02.
Tongcheng Travel Holdings Ltd has negative Net Debt. This means that the company has more cash and short-term investments (9B CNY) than debt (431m CNY).
Valuation Backtest
Tongcheng Travel Holdings Ltd
Run backtest to discover the historical profit from buying and selling
Tongcheng Travel Holdings Ltd
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Tongcheng Travel Holdings Ltd
Balance Sheet Decomposition
Tongcheng Travel Holdings Ltd
| Current Assets | 14.9B |
| Cash & Short-Term Investments | 9.1B |
| Receivables | 1.2B |
| Other Current Assets | 4.5B |
| Non-Current Assets | 16.8B |
| Long-Term Investments | 3.2B |
| PP&E | 3.1B |
| Intangibles | 9.6B |
| Other Non-Current Assets | 999.2m |
| Current Liabilities | 11.9B |
| Accounts Payable | 4.1B |
| Other Current Liabilities | 7.8B |
| Non-Current Liabilities | 2.1B |
| Long-Term Debt | 431.4m |
| Other Non-Current Liabilities | 1.7B |
Earnings Waterfall
Tongcheng Travel Holdings Ltd
|
Revenue
|
11.9B
CNY
|
|
Cost of Revenue
|
-3.2B
CNY
|
|
Gross Profit
|
8.7B
CNY
|
|
Operating Expenses
|
-6.8B
CNY
|
|
Operating Income
|
1.9B
CNY
|
|
Other Expenses
|
-344.2m
CNY
|
|
Net Income
|
1.6B
CNY
|
Free Cash Flow Analysis
Tongcheng Travel Holdings Ltd
Profitability Score
Profitability Due Diligence
Tongcheng Travel Holdings Ltd's profitability score is 59/100. The higher the profitability score, the more profitable the company is.
Score
Tongcheng Travel Holdings Ltd's profitability score is 59/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Tongcheng Travel Holdings Ltd's solvency score is 63/100. The higher the solvency score, the more solvent the company is.
Score
Tongcheng Travel Holdings Ltd's solvency score is 63/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Tongcheng Travel Holdings Ltd
According to Wall Street analysts, the average 1-year price target for
Tongcheng Travel Holdings Ltd
is 23.24 HKD
with a low forecast of 12.11 HKD and a high forecast of 28.88 HKD.
Shareholder Return
Price
Tongcheng Travel Holdings Ltd
| Average Annual Return | 3.68% |
| Standard Deviation of Annual Returns | 26.37% |
| Max Drawdown | -53% |
| Market Capitalization | 48.8B HKD |
| Shares Outstanding | 2 269 900 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Tongcheng Travel Holdings Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Tongcheng Travel Holdings Ltd. engages in the provision of travel related services. The company is headquartered in Suzhou, Jiangsu. The company went IPO on 2018-11-26. The firm is mainly engaged in transportation ticketing services, accommodation reservation services and other services. The transportation ticketing services mainly include air ticket and train ticket booking, sales of tourism insurance and other transportation related services. The accommodation reservation services mainly provide accommodation booking services. Other services mainly include attraction ticketing, ancillary value-added user services and advertising services.
Contact
IPO
Employees
Officers
The intrinsic value of one
Tongcheng Travel Holdings Ltd
stock under the Base Case scenario is
39.49
HKD.
Compared to the current market price of 21.65 HKD,
Tongcheng Travel Holdings Ltd
is
Undervalued by 45%.
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