Tuniu (TOUR)
NASDAQ:TOUR
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Tuniu
(NASDAQ:TOUR)
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Rating:65Neutral
Price Target:
$5.00
▲(604.23% Upside)
Action:Reiterated
Date:06/08/26
The score is driven by a solid financial foundation (notably the strengthened, low-debt balance sheet) and attractive valuation (low P/E and high dividend yield). These positives are moderated by weakening cash-flow conversion and margin pressure, while technical indicators show a clear downtrend. The latest earnings call adds moderate support via continued operational momentum and strong liquidity, but cautious near-term guidance and margin/headwind risks cap upside.
Positive Factors
Balance-sheet strength
Tuniu's materially reduced leverage and stable equity base provide durable financial flexibility. Low debt and a stronger capital structure versus prior years support continued investments, dividend capacity and resilience through travel cyclicality, reducing refinancing and solvency risk.
Negative Factors
Deteriorating cash conversion
The shift to negative operating and free cash flow in 2025 signals weaker cash quality and potential working-capital strain. Persistent cash conversion weakness can limit reinvestment, force higher marketing or supplier financing, and undermines the durability of reported earnings improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Tuniu's materially reduced leverage and stable equity base provide durable financial flexibility. Low debt and a stronger capital structure versus prior years support continued investments, dividend capacity and resilience through travel cyclicality, reducing refinancing and solvency risk.
Read all positive factors
Tuniu (TOUR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$50.52M
Dividend Yield4.14%
Average Volume (3M)290.02K
Price to Earnings (P/E)9.9
Beta (1Y)0.40
Revenue Growth15.04%
EPS Growth334.43%
CountryUS
Employees983
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding10,284,640
10 Day Avg. Volume290,006
30 Day Avg. Volume290,016
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.16
Price to Sales (P/S)0.29
P/FCF Ratio-1.41
Enterprise Value/Market Cap-1.85
Enterprise Value/Revenue-0.17
Enterprise Value/Gross Profit-0.27
Enterprise Value/Ebitda-2.79
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.6
Revenue Forecast (FY)$664.67M
Tuniu Business Overview & Revenue Model
Company Description
Tuniu Corporation functions as a prominent online leisure travel enterprise operating within China, offering a comprehensive array of services. Its core business revolves around diverse pre-arranged vacation packages, which include both fully esco...
How the Company Makes Money
Tuniu primarily makes money by selling leisure travel products to consumers and earning revenue from these transactions. Its key revenue stream has historically been from packaged tours (organized leisure travel products that may bundle transporta...
Tuniu Earnings Call Summary
Earnings Call Date:Jun 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 14, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive operational and strategic picture: double-digit revenue growth (13% YoY), continued non-GAAP profitability for the fifth straight quarter, strong cash reserves (CNY 1.0 billion), and notable channel/product momentum (live streaming >20% of transactions, offline store volume +~30%). Management highlighted product innovation, supply-chain expansion and AI-driven tools to capture shifting customer preferences. However, there are cautions: gross profit growth lagged revenue (6%), reported GAAP net income was very small (CNY 0.7 million), sales and marketing spend increased 17%, and external headwinds (rising airfares, uncertainty in outbound markets and short booking windows) temper near-term visibility. Overall, positives and strategic progress outweigh the manageable risks and uncertainties.Positive Updates
Revenue Growth
Net revenues increased 13% year-over-year to CNY 132.6 million in Q1 2026, driven by growth in online tours and self-guided tours.
Negative Updates
Modest Gross Profit Growth
Gross profit grew only 6% YoY to CNY 73.6 million, a slower pace compared with top-line revenue growth (13%), suggesting margin pressure or mix shifts.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Net revenues increased 13% year-over-year to CNY 132.6 million in Q1 2026, driven by growth in online tours and self-guided tours.
Read all positive updates
Company Guidance
Tuniu guided second‑quarter 2026 net revenues of CNY 134.9–141.6 million (0%–5% YoY), noting headwinds from rising airfares but expecting up to 5% YoY growth; this follows Q1 results of net revenues CNY 132.6 million (+13% YoY) with packaged tours CNY 109.7 million (+11%, 83% of revenues) and other revenues CNY 22.9 million (+24%, 17%); Q1 gross profit was CNY 73.6 million (+6%), operating expenses CNY 77.3 million (−4%), R&D CNY 13.6 million (−7%), sales & marketing CNY 50.5 million (+17%), G&A CNY 13.5 million (−41%), GAAP net income attributable to shareholders CNY 0.7 million and non‑GAAP net income CNY 2.6 million; liquidity included CNY 1.0 billion of cash/restricted cash/short‑term investments/long‑term deposits as of March 31 and capex of CNY 0.5 million in Q1. Management also highlighted channel and demand metrics—live streaming now contributes >20% of transaction volume, offline store transaction volume grew nearly 30% YoY, April 1–6 trips were +50% YoY and April 1–3 family trips tripled—and said long‑haul packaged tour bookings (e.g., U.S. in Jul–Aug) are already ahead of last year.Tuniu Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
82
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 541.10M | 562.23M | 513.62M | 441.27M | 183.62M | 426.35M |
| Gross Profit | 346.92M | 325.86M | 358.03M | 293.69M | 89.55M | 171.53M |
| EBITDA | 33.60M | 24.98M | 81.03M | -65.87M | -147.75M | -57.77M |
| Net Income | 30.07M | 30.28M | 77.17M | -99.29M | -193.38M | -121.52M |
Balance Sheet | ||||||
| Total Assets | 1.85B | 1.60B | 1.91B | 1.96B | 1.88B | 2.30B |
| Cash, Cash Equivalents and Short-Term Investments | 1.06B | 1.07B | 897.83M | 1.16B | 878.25M | 964.98M |
| Total Debt | 4.57M | 111.43M | 4.71M | 218.81M | 258.40M | 291.54M |
| Total Liabilities | 884.30M | 642.28M | 900.49M | 980.65M | 819.58M | 1.04B |
| Stockholders Equity | 1.04B | 1.03B | 1.08B | 1.03B | 1.11B | 1.27B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -116.19M | 84.47M | 223.05M | -149.44M | -241.08M |
| Operating Cash Flow | 0.00 | -109.07M | 96.28M | 232.84M | -142.99M | -226.34M |
| Investing Cash Flow | 0.00 | 4.88M | 26.66M | 40.93M | -51.83M | 703.83M |
| Financing Cash Flow | 0.00 | -160.09M | -73.98M | -22.58M | -486.00K | -344.56M |
Tuniu Technical Analysis
Negative
0.71
Price Trends
5.75
Negative
5.72
Negative
6.19
Negative
Market Momentum
-0.33
Positive
37.78
Neutral
18.46
Positive
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 0.71 is below the 20-day moving average (MA) of 5.44, below the 50-day MA of 5.75, and below the 200-day MA of 6.19, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 37.78 is Neutral, neither overbought nor oversold. The STOCH value of 18.46 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $50.52M | 9.87 | 3.00% | 4.14% | 15.04% | 334.43% | |
62 Neutral | $1.69B | -63.63 | 11.75% | ― | 19.15% | 7.51% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $743.19M | 1.49 | -40.79% | ― | -6.42% | ― | |
55 Neutral | $4.43B | 87.59 | -38.21% | ― | 6.71% | -41.74% | |
53 Neutral | $59.01M | 37.45 | 5.83% | ― | 21.63% | -86.07% | |
52 Neutral | $30.00M | -1.82 | -261.95% | ― | 641.00% | 68.76% |
* Consumer Cyclical Sector Average
TOUR
Tuniu
4.89
-2.18
-30.81%
MMYT
Makemytrip
46.72
-44.93
-49.02%
SABR
Sabre
1.88
-0.75
-28.52%
LIND
Lindblad Expeditions Holdings
25.75
14.61
131.15%
YTRA
Yatra Online
0.95
-0.05
-5.10%
NTRP
NextTrip
2.07
-1.04
-33.44%
Tuniu Corporate Events
Tuniu Posts Q1 2026 Revenue Growth and Returns to Profit Amid Tourism Rebound
Jun 5, 2026
On June 5, 2026, Nanjing-based Tuniu reported unaudited results for the quarter ended March 31, 2026, showing net revenues of RMB132.6 million, up 12.8% year over year, driven by growth in packaged tours and advertising-related services. The onlin...
Tuniu Regains Nasdaq Minimum Bid Price Compliance, Easing Delisting Risk
May 7, 2026
Tuniu Corporation, a major player in China’s online leisure travel sector, focuses on providing packaged tours and associated travel services to individual leisure travelers through a combination of digital platforms and an extensive offline...
Tuniu Sets US$1.197 Per ADS Dividend Following ADS Ratio Change
Apr 23, 2026
On April 23, 2026, Tuniu Corporation announced it will distribute a cash dividend totaling about US$13 million, paying US$1.197 per American depositary share to ADS holders of record as of May 4, 2026, with payment expected around May 20, 2026. Th...
Tuniu to Enact One-for-Ten ADS Ratio Change and Declare US$13 Million Dividend
Mar 20, 2026
On March 20, 2026, Nanjing-based Tuniu Corporation said it will change the ratio of its American depositary shares from one ADS representing three Class A ordinary shares to one ADS representing 30 Class A ordinary shares. The move, which function...
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.