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Tuniu (TOUR)
NASDAQ:TOUR
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Tuniu
(NASDAQ:TOUR)
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Rating:65Neutral
Price Target:
$1.00
▲(5.26% Upside)
Tuniu's overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust revenue growth and strategic expansion. However, technical analysis indicates potential bearish sentiment, and valuation metrics suggest the stock might be overvalued, which tempers the overall score.
Tuniu (TOUR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$111.46M
Dividend Yield3.05%
Average Volume (3M)294.69K
Price to Earnings (P/E)26.8
Beta (1Y)0.54
Revenue Growth7.84%
EPS GrowthN/A
CountryUS
Employees983
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding110,235,214
10 Day Avg. Volume266,660
30 Day Avg. Volume294,688
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.28
Price to Sales (P/S)0.59
P/FCF Ratio3.60
Enterprise Value/Market Cap-0.56
Enterprise Value/Revenue-0.12
Enterprise Value/Gross Profit-0.17
Enterprise Value/Ebitda-0.62
Forecast
1Y Price Target
$1.00Price Target Upside5.26% Upside
Rating ConsensusHold
Number of Analyst Covering1
Tuniu Business Overview & Revenue Model
Company DescriptionTuniu Corporation (NASDAQ: TOUR) is a leading online travel agency based in China, specializing in providing comprehensive travel services, including vacation packages, hotel bookings, and transportation services. Founded in 2006, Tuniu operates in the rapidly growing travel and tourism sector, catering to both domestic and international travelers. The company offers a range of products, including customized travel itineraries, group travel, and various travel-related services, leveraging technology to enhance the customer experience.
How the Company Makes MoneyTuniu generates revenue primarily through the sale of travel products and services, which includes vacation packages, flight and hotel bookings, and ancillary services like insurance and car rentals. The company earns commissions from hotels, airlines, and service providers for bookings made through its platform. Additionally, Tuniu has developed partnerships with key players in the travel industry, including airlines and hotel chains, which enables it to offer competitive prices and exclusive deals to consumers. Another significant revenue stream comes from advertising and promotional partnerships, where businesses pay Tuniu to feature their services to a broad audience of travelers. Overall, Tuniu's diverse revenue model capitalizes on the growing demand for travel and tourism in China and beyond.
Tuniu Earnings Call Summary
Earnings Call Date:Aug 15, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Dec 03, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment driven by strong revenue growth, successful expansion of product offerings and sales channels, and a favorable outlook for future revenue increases. However, the increase in operating expenses and challenges in Southeast Asia present areas of concern.Q2-2025 Updates
Positive Updates
Robust Revenue Growth
Net revenues increased by 15% year-over-year, with revenues from packaged tours growing by 26%.
Product and Sales Channel Expansion
Expansion of product offerings and sales channels, including live streaming and offline stores, leading to increased transaction volumes.
Strong Performance in New Destinations
Transaction volume for Caucasus products grew by over 150% year-over-year, and emerging destinations like South America, Sri Lanka, and the Caucasus also showed significant growth.
Positive Financial Results
Achieved moderate profitability on both a GAAP and non-GAAP basis, with net income attributable to ordinary shareholders at CNY 14.5 million.
Projected Revenue Growth
For the third quarter of 2025, the company expects to generate CNY 199 million to CNY 208.3 million of net revenues, representing a 7% to 12% increase year-over-year.
Negative Updates
Decline in Other Revenues
Other revenues were down 21% year-over-year due to a decrease in fees for advertising services provided to tourism boards and bureaus.
Operating Expenses Increase
Operating expenses increased by 58% year-over-year, with significant rises in research and product development expenses and sales and marketing expenses.
Challenges in Southeast Asia
Demand in Southeast Asia declined by roughly 30% during the quarter due to headwinds in countries like Thailand and Cambodia.
Company Guidance
During Tuniu's 2025 second quarter earnings call, the company reported strong performance with net revenues increasing by 15% year-over-year to CNY 134.9 million, driven by a 26% growth in packaged tour revenues, which accounted for 84% of total net revenues. Despite a 21% decline in other revenues, gross profit rose by 2% to CNY 86 million. Operating expenses surged by 58% to CNY 78.9 million, yet the company achieved a net income of CNY 14.5 million and a non-GAAP net income of CNY 16.5 million. Tuniu's diversified sales channels, including live streaming and offline stores, contributed to a nearly 20% share of total transaction volume from live streaming, while offline store transaction volume grew by over 20%. The company's strategic focus on enhancing its supply chain and leveraging new sales channels supported its robust growth, with cash flow from operations at CNY 46 million. Looking ahead, Tuniu anticipates net revenues of CNY 199 million to CNY 208.3 million for the third quarter, reflecting a 7% to 12% year-over-year increase.Tuniu Financial Statement Overview
Summary
Tuniu's financial performance in 2024 shows a turnaround with improved profitability and strong revenue growth. The balance sheet is robust with low leverage, providing financial stability. Cash flow generation is positive, though there are challenges in maintaining growth. Overall, Tuniu is on a positive trajectory but must focus on sustaining profitability and cash flow improvements.Income Statement
Tuniu has shown a significant improvement in profitability with a positive net income in 2024 compared to previous years of losses. The gross profit margin has improved to 69.7%, and the net profit margin is now 15%, indicating strong operational efficiency. Revenue growth rate is robust at 16.4% from 2023 to 2024, showcasing a positive trajectory. However, historical volatility in EBIT and EBITDA margins suggests potential risks in maintaining consistent profitability.72
Positive
Balance Sheet
The balance sheet reflects a solid equity position with an equity ratio of 56.6% in 2024, indicating financial stability. The debt-to-equity ratio is very low at 0.004, suggesting minimal leverage and low financial risk. However, the return on equity is modest at 7.1%, indicating room for improvement in generating returns on shareholder investments.65
Positive
Cash Flow
Tuniu's cash flow statement shows a positive trend with a free cash flow of $84.5 million in 2024, although it decreased from 2023. The operating cash flow to net income ratio is strong at 1.25, indicating efficient cash generation relative to net income. However, the decline in free cash flow growth rate from the previous year highlights potential challenges in sustaining cash flow momentum.68
Positive
| 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 |
| EBITDA | 81.03M | -65.87M | -147.75M | -57.77M | -1.24B |
| Net Income | 77.17M | -99.29M | -203.29M | -129.19M | -1.34B |
Balance Sheet | |||||
| Total Assets | 1.91B | 1.96B | 1.88B | 2.30B | 3.20B |
| Cash, Cash Equivalents and Short-Term Investments | 897.83M | 1.16B | 878.25M | 964.98M | 1.57B |
| Total Debt | 4.71M | 218.81M | 58.40M | 291.54M | 135.89M |
| 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 | 84.47M | 223.05M | -149.44M | -241.08M | -1.34B |
| Operating Cash Flow | 96.28M | 232.84M | -142.99M | -226.34M | -1.31B |
| Investing Cash Flow | 26.66M | 40.93M | -51.83M | 703.83M | 1.16B |
| Financing Cash Flow | -73.98M | -22.58M | -486.00K | -344.56M | -209.55M |
Tuniu Technical Analysis
Positive
0.95
Price Trends
0.86
Positive
0.88
Positive
0.93
Positive
Market Momentum
0.02
Positive
60.32
Neutral
56.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TOUR, the sentiment is Positive. The current price of 0.95 is above the 20-day moving average (MA) of 0.92, above the 50-day MA of 0.86, and above the 200-day MA of 0.93, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 60.32 is Neutral, neither overbought nor oversold. The STOCH value of 56.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $8.79B | 104.75 | 7.91% | ― | 18.13% | -55.21% | |
65 Neutral | $111.46M | 26.82 | 2.87% | 3.05% | 7.84% | ― | |
60 Neutral | $87.06M | -269.23 | -1.98% | ― | 110.35% | 91.38% | |
49 Neutral | $680.48M | -38.73 | 5.40% | ― | 18.74% | 74.01% | |
45 Neutral | $26.67M | -0.67 | ― | ― | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
TOUR
Tuniu
0.95
-0.45
-32.14%
MMYT
Makemytrip
92.34
1.98
2.19%
LIND
Lindblad Expeditions Holdings
12.42
3.57
40.34%
YTRA
Yatra Online
1.40
-0.29
-17.16%
NTRP
NextTrip
3.32
0.49
17.31%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.