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Tuniu Corp (TOUR)
:TOUR
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Tuniu
(NASDAQ:TOUR)
66Neutral
Tuniu (TOUR) vs. S&P 500 (SPY)
Market Cap
$110.20M
Dividend Yield3.26%
Average Volume (3M)247.78K
Price to Earnings (P/E)10.0
Beta (1Y)0.64
Revenue Growth15.38%
EPS GrowthN/A
CountryUS
Employees971
SectorConsumer Cyclical
Sector Strength63
IndustryTravel Services
Share Statistics
EPS (TTM)0.09
Shares Outstanding118,055,030
10 Day Avg. Volume247,310
30 Day Avg. Volume247,780
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.75
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Tuniu Business Overview & Revenue Model
Company DescriptionTuniu Corporation operates as an online leisure travel company in China. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers. It also provides car rental and insurance services, as well as advertising services to tourism boards and bureaus. The company offers its products and services through various online and offline channels comprising tuniu.com website; mobile platform; a call center in Nanjing; and other offline retail stores in China. Tuniu Corporation was founded in 2006 and is headquartered in Nanjing, the People's Republic of China.
How the Company Makes MoneyTuniu makes money through various revenue streams, primarily focusing on packaged tours, which include organized group tours and self-guided tours. The company earns commissions and service fees from suppliers such as hotels, airlines, and local tour operators. Additionally, Tuniu generates revenue from the sale of ancillary travel-related products and services such as visa services, travel insurance, and transportation tickets. The company's partnerships with a wide network of travel service providers enable it to offer a diverse array of travel options, enhancing its commission-based revenue. Seasonal promotions, holiday packages, and exclusive deals also play a significant role in driving sales and increasing customer engagement.
Tuniu Financial Statement Overview
Summary
Tuniu demonstrates significant revenue growth and improved profitability with a positive net income in 2024. The balance sheet is strong with low debt levels, providing a stable financial structure. However, cash flow inconsistency poses potential risks.Income Statement
Tuniu's revenue has shown significant recovery, growing from $183.62 million in 2022 to $513.62 million in 2024, indicating a strong upward trend. The company has turned around its net income from a loss of $203.29 million in 2022 to a profit of $77.17 million in 2024, improving its net profit margin significantly. However, historical losses in EBIT and EBITDA margins suggest past operational challenges.60
Neutral
Balance Sheet
The company maintains a strong equity position with a debt-to-equity ratio of 0.004, indicating low leverage. Stockholders' equity has grown steadily, and the equity ratio stands at approximately 56.6%, highlighting a solid financial base. However, high historical liabilities might pose risks if not managed appropriately.75
Positive
Cash Flow
Tuniu's cash flow has been volatile, with zero operating and free cash flow reported in 2024, down from positive figures in 2023. The company's ability to generate consistent operating cash flow remains a concern, impacting its free cash flow to net income ratio. This volatility could challenge future investment and financing activities.50
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 513.62M | 441.27M | 183.62M | 426.35M | 450.26M | Gross Profit |
| 358.03M | 293.69M | 89.55M | 171.53M | 213.19M | EBIT |
| 63.26M | -101.86M | -210.21M | -181.54M | -1.34B | EBITDA |
| 75.55M | -65.87M | -147.75M | -57.77M | -1.24B | Net Income Common Stockholders |
| 77.17M | -99.29M | -203.29M | -129.19M | -1.34B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 897.83M | 1.16B | 878.25M | 964.98M | 1.57B | Total Assets |
| 1.91B | 1.96B | 1.88B | 2.30B | 3.20B | Total Debt |
| 4.71M | 218.81M | 58.40M | 291.54M | 135.89M | Net Debt |
| -460.29M | -160.18M | -95.44M | -57.54M | -77.65M | Total Liabilities |
| 900.49M | 980.65M | 819.58M | 1.04B | 1.82B | Stockholders Equity |
| 1.08B | 1.03B | 1.11B | 1.27B | 1.38B |
| Cash Flow | Free Cash Flow | |||
| 0.00 | 223.05M | -149.44M | -241.08M | -1.34B | Operating Cash Flow |
| 0.00 | 232.84M | -142.99M | -226.34M | -1.31B | Investing Cash Flow |
| 0.00 | 40.93M | -51.83M | 703.83M | 1.16B | Financing Cash Flow |
| 0.00 | -22.58M | -486.00K | -344.56M | -209.55M |
Tuniu Technical Analysis
Negative
0.87
Price Trends
1.00
Negative
1.00
Negative
0.97
Negative
Market Momentum
-0.05
Positive
35.42
Neutral
25.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TOUR, the sentiment is Negative. The current price of 0.87 is below the 20-day moving average (MA) of 0.97, below the 50-day MA of 1.00, and below the 200-day MA of 0.97, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 35.42 is Neutral, neither overbought nor oversold. The STOCH value of 25.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TOUR.
Tuniu Risk Analysis
Tuniu disclosed 79 risk factors in its most recent earnings report. Tuniu reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Tuniu Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $10.75B | 45.97 | 23.09% | ― | 28.51% | 367.34% | |
68 Neutral | $1.59B | 100,845.67 | ― | 16.73% | 3705.88% | ||
66 Neutral | $110.20M | 10.00 | 7.30% | 3.26% | 15.38% | ― | |
60 Neutral | $7.23B | 11.55 | 3.67% | 4.04% | 2.96% | -13.54% | |
59 Neutral | $45.59M | ― | -0.57% | ― | 54.50% | 89.80% | |
45 Neutral | $6.46M | ― | -234.40% | ― | ― | ― | |
44 Neutral | $438.87M | ― | 21.42% | ― | 13.20% | 28.95% |
* Consumer Cyclical Sector Average
Performance Comparison
TOUR
Tuniu
0.87
0.09
11.54%
MMYT
Makemytrip
101.89
39.08
62.22%
LIND
Lindblad Expeditions Holdings
7.92
0.97
13.96%
YTRA
Yatra Online
0.63
-0.77
-55.00%
DESP
Despegar
19.10
7.80
69.03%
NTRP
NextTrip
3.16
0.17
5.69%
Tuniu Earnings Call Summary
Earnings Call Date: Mar 14, 2025 | % Change Since: -17.92% | Next Earnings Date: Jun 5, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements, including a transition to profitability with the first GAAP profit since listing, substantial net income growth, and successful product lines like Niu Tour. There was also notable growth in strategic areas like live streaming and off-line store expansion. However, challenges included a decline in fourth quarter gross profit and a net loss for the quarter. Despite these challenges, the overall sentiment is positive due to the strong full-year performance and strategic advancements.Highlights
First GAAP Profit
Tuniu achieved its first GAAP profit for the full year since its listing, showcasing the company's profitability.
Net Income Growth
On a non-GAAP basis, net income grew by over 70% year-over-year, reaching a record high since the company's IPO.
Shareholder Returns
A special cash dividend of approximately $4.2 million was approved, and over $6.2 million was spent on share buybacks, totaling approximately $10 million returned to shareholders in 2024.
Niu Tour Product Success
Transaction volume for Niu Tour products grew by over 30% year-over-year, with a high repurchase rate.
Expansion in Lower-Tier Cities
Transaction volume from cities outside the Tier 1 cities contributed more than 50% of Tuniu's total transaction volume.
Live Streaming Channel Growth
Both transactions and verification volume for live streaming channels increased by over 100% year-over-year.
Off-line Store Expansion
The transaction volume of off-line stores grew by over 50% year-over-year, with plans to double the number of stores in 2025.
Revenue Growth
Net revenues for the full year 2024 were RMB513.6 million, representing a 16% year-over-year increase.
Lowlights
Decline in Fourth Quarter Gross Profit
Gross profit for the fourth quarter of 2024 was RMB69.8 million, down 6% year-over-year.
Fourth Quarter Net Loss
Net loss attributable to ordinary shareholders for the fourth quarter was RMB24.2 million.
Increase in Sales and Marketing Expenses
Sales and marketing expenses for the fourth quarter of 2024 were RMB42.7 million, up 28% year-over-year.
Company Guidance
During Tuniu's 2024 Fourth Quarter and Full-Year Earnings Conference Call, the company highlighted significant financial achievements and strategic initiatives. In 2024, Tuniu realized its first full-year GAAP profit since its IPO, with non-GAAP net income growing over 70% year-over-year to a record high. The Board approved a special cash dividend of approximately $4.2 million and a share repurchase program, allocating over $6.2 million for buybacks, returning a total of about $10 million to shareholders. Net revenues reached RMB513.6 million, marking a 16% increase, with packaged tours contributing 79% of total revenues. Operating expenses decreased by 25% to RMB294.8 million, despite a 53% increase in sales and marketing expenses. The company also saw significant growth in its live streaming channels, with transactions and verification volume increasing by over 100% year-over-year. For 2025, Tuniu projects net revenues between RMB116.6 million and RMB122 million in Q1, reflecting an 8% to 13% year-over-year increase. The company plans to focus on product innovation, sales channel expansion, and leveraging AI technology to enhance user experience and operational efficiency.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.