Trip.com Group Ltd. (9961) AI Stock Analysis

• Market Cap: HK$307.74B
• Dividend Yield: 0.5%
• Average Volume (3M): 2.30M
• Price to Earnings (P/E): 17.5
• Beta (1Y): 1.23
• Revenue Growth: 15.77%
• EPS Growth: 55.52%
• Country: HK
• Employees: 41,073
• Sector: Consumer Cyclical
• Sector Strength: 62
• Industry: Travel Services
• EPS (TTM): 6.46
• Shares Outstanding: 689,450,260
• 10 Day Avg. Volume: 2,910,971
• 30 Day Avg. Volume: 2,301,889
• PEG Ratio: 3.83
• Price to Book (P/B): 2.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 119.81
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$605.75
• Price Target Upside: 29.77% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 71 Outperform
• Price Target: HK$537.00 ▲(15.04%Upside)

Trip.com Group Ltd. is performing well, driven by strong earnings call optimism and solid financial performance. However, challenges in cash flow management and moderate technical indicators temper the overall score.

Positive Factors

Market Position

The stock is trading at an attractive price compared to competitors with a slower growth profile.

Profit Margin

Call centre automation and stabilising hotel ADR trends are expected to support a stable net profit margin.

Revenue Growth

The international Trip.com platform maintained robust growth, with bookings up 60% y/y, supported by favourable policies.

Negative Factors

Earnings Margin

Overall marketing expense ratio is expected to rise on international business expansion, leading to a 3ppt drag in overall non-GAAP earnings margin in FY25F.

Market Competition

Irrational market competition could lead to higher subsidies, posing a risk.

Trip.com Group Ltd. Business Overview & Revenue Model

Company Description

Trip.com Group Ltd. (9961) is a leading travel service provider that operates through a range of brands including Trip.com, Ctrip, Skyscanner, and Qunar. The company offers comprehensive travel-related services including accommodation reservation, transportation ticketing, package tours, and corporate travel management. With a global reach, Trip.com Group Ltd. provides its customers with access to more than 1.2 million hotels in over 200 countries and regions, and it also offers flight ticketing services with over 2 million individual flight routes.

How the Company Makes Money

Trip.com Group Ltd. generates revenue primarily through the provision of travel-related services. Its key revenue streams include commissions from hotel reservations, transportation ticketing (including flights and train tickets), and package tours. The company also earns from service fees charged to customers and suppliers. Trip.com Group has strategic partnerships with global airlines, hotels, and other travel service providers, which enhance its service offerings and contribute to its revenue. Additionally, the company benefits from its investment in technology and data analytics, which allows it to offer personalized travel services and improve customer experience, further driving sales and profitability.

Trip.com Group Ltd. Financial Statement Overview

Summary

Trip.com Group Ltd. demonstrates robust profitability and revenue growth, with a solid balance sheet indicating strong financial stability. However, recent cash flow challenges highlight potential liquidity risks.

Income Statement

Trip.com Group Ltd. has demonstrated robust growth in its income statement. The gross profit margin is high, indicating efficient cost management. Net profit margin and EBIT margin have improved significantly from previous years, showcasing enhanced profitability. The revenue growth rate is impressive, reflecting strong business momentum.

Balance Sheet

The balance sheet shows a healthy equity ratio, indicating strong capitalization. The debt-to-equity ratio is manageable, suggesting a balanced leverage position. However, there has been a noticeable increase in stockholders' equity, which strengthens the financial stability of the company.

Cash Flow

Cash flow analysis reveals challenges, with operating cash flow at zero in the most recent period, indicating potential cash management issues. Historical free cash flow has grown, but the recent absence of free cash flow highlights potential concerns in liquidity and cash generation capabilities.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
53.29B	44.51B	20.04B	20.02B	18.32B
	Gross Profit
43.30B	36.39B	15.53B	15.43B	14.29B
	EBIT
14.18B	11.32B	2.86B	-319.00M	-1.07B
	EBITDA
14.99B	12.14B	4.15B	1.09B	491.00M
	Net Income Common Stockholders
17.07B	9.92B	1.95B	-741.00M	-1.58B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
79.57B	59.34B	44.03B	50.76B	44.23B
	Total Assets
242.58B	219.14B	191.69B	191.86B	187.25B
	Total Debt
40.32B	45.57B	46.38B	51.36B	57.00B
	Net Debt
-10.96B	3.98B	27.90B	30.16B	37.59B
	Total Liabilities
99.10B	96.13B	78.67B	81.40B	85.68B
	Stockholders Equity
142.55B	122.18B	112.28B	109.68B	100.35B
Cash Flow		Free Cash Flow
19.03B	21.40B	2.14B	1.90B	-4.36B
	Operating Cash Flow
19.63B	22.00B	2.64B	2.48B	-3.82B
	Investing Cash Flow
-6.05B	5.92B	1.14B	-4.15B	-3.82B
	Financing Cash Flow
-6.71B	-2.55B	-6.72B	3.92B	6.03B

Trip.com Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 466.80
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9961, the sentiment is Positive. The current price of 466.8 is below the 20-day moving average (MA) of 496.63, below the 50-day MA of 477.93, and below the 200-day MA of 478.82, indicating a neutral trend. The MACD of 1.01 indicates Positive momentum. The RSI at 50.60 is Neutral, neither overbought nor oversold. The STOCH value of 21.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9961.

Trip.com Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9988	81 Outperform	HK$2.22T	15.67	13.02%	0.84%	3.92%	27.80%
0700	78 Outperform	$4.67T	21.96	21.25%	0.88%	8.88%	54.27%
3690	76 Outperform	HK$865.77B	19.69	23.82%	―	19.20%	156.71%
0780	76 Outperform	HK$49.66B	19.92	11.72%	0.70%	34.16%	40.10%
9961	71 Outperform	HK$307.74B	17.50	12.48%	0.50%	15.77%	55.52%
1177	66 Neutral	$81.38B	42.88	6.14%	1.32%	7.63%	-24.23%
Sector *	62 Neutral	$6.88B	11.32	2.90%	3.87%	2.70%	-24.57%

Trip.com Group Ltd. Corporate Events

Trip.com Group Reports Strong Q1 2025 Growth

Trip.com Group Limited reported robust growth in its international businesses for the first quarter of 2025, with overall reservations on its international OTA platform increasing by over 60% year-over-year. The company saw a significant surge in inbound travel bookings and outbound hotel and air ticket bookings surpassing pre-COVID levels. The company’s net revenue for the quarter reached RMB13.8 billion, marking a 16% increase from the same period in 2024, driven by strong travel demand and favorable travel policies. The company remains committed to delivering innovative and customer-centric solutions to sustain growth and provide value to stakeholders.

The most recent analyst rating on (HK:9961) stock is a Buy with a HK$550.00 price target. To see the full list of analyst forecasts on Trip.com Group Ltd. stock, see the HK:9961 Stock Forecast page.

Trip.com Group Ltd. Announces Key Resolutions for Upcoming AGM

Trip.com Group Ltd. has announced its upcoming Annual General Meeting (AGM) scheduled for June 30, 2025, in Shanghai. Key resolutions to be considered include the re-election of Mr. Rong Luo as a director and the authorization for the Board to repurchase up to 10% of the company’s shares listed on the Hong Kong Stock Exchange. This move could potentially impact the company’s stock value and shareholder returns.

The most recent analyst rating on (HK:9961) stock is a Buy with a HK$550.00 price target. To see the full list of analyst forecasts on Trip.com Group Ltd. stock, see the HK:9961 Stock Forecast page.

Trip.com Group Announces Record Date for Shareholders’ Meeting

Trip.com Group Ltd. has announced the record date for determining the eligibility of shareholders to attend and vote at its upcoming annual general meeting. The record date is set for May 30, 2025, with specific instructions for holders of ordinary shares and American depositary shares (ADSs) on how to participate. This announcement is crucial for shareholders as it outlines the procedural details necessary for their involvement in the company’s governance, potentially impacting their investment decisions.

The most recent analyst rating on (HK:9961) stock is a Buy with a HK$600.00 price target. To see the full list of analyst forecasts on Trip.com Group Ltd. stock, see the HK:9961 Stock Forecast page.

Trip.com Group Ltd. to Announce Q1 2025 Financial Results

Trip.com Group Ltd. has announced that its audit committee will meet on May 16, 2025, to approve the financial results for the first quarter of 2025, which will be published on May 20, 2025. The company will also host a conference call on May 19, 2025, to discuss these results, indicating a transparent approach to stakeholder communication and potentially impacting investor relations positively.

Trip.com Group Ltd. Files 2024 Annual Report with SEC

Trip.com Group Ltd. has filed its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission. This filing is part of their regulatory compliance as a publicly listed company on the Hong Kong Stock Exchange, reflecting their commitment to transparency and providing stakeholders with insights into their financial performance and strategic direction.