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Tuniu Corp (TOUR)
:TOUR
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Tuniu
(NASDAQ:TOUR)
Rating:64Neutral
Price Target:
$1.00
▲(28.21%Upside)
Tuniu (TOUR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$91.03M
Dividend Yield3.73%
Average Volume (3M)227.80K
Price to Earnings (P/E)11.6
Beta (1Y)0.56
Revenue Growth7.19%
EPS GrowthN/A
CountryUS
Employees983
SectorConsumer Cyclical
Sector Strength66
IndustryTravel Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding110,235,214
10 Day Avg. Volume214,937
30 Day Avg. Volume227,802
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.23
Price to Sales (P/S)0.00
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 Target
$1.00Price Target Upside28.21% Upside
Rating ConsensusHold
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 primarily through the sale of packaged tours, which are offered both directly to consumers and through third-party travel agencies. The company earns revenue by charging service fees and commissions on travel products sold through its platform. Tuniu's revenue model also includes income from the sale of stand-alone travel products such as hotel reservations, airline tickets, and car rentals. The company collaborates with a wide range of travel suppliers, including airlines, hotels, and local tour operators, to provide a diverse array of travel options. Additionally, Tuniu generates revenue from corporate travel services by offering customized travel solutions to business clients, thereby broadening its market reach and revenue potential.
Tuniu Earnings Call Summary
Earnings Call Date:Jun 12, 2025
(Q1-2025)
| % Change Since: -19.59%|
Next Earnings Date:Aug 15, 2025
Earnings Call Sentiment Neutral
While Tuniu experienced significant growth in certain segments such as packaged tours and live streaming channels, the company also faced challenges with decreased other revenues, increased operating expenses, and a net loss. The introduction of AI technology and expansion of offline stores are positive developments, but the financial figures indicate areas of concern.Q1-2025 Updates
Positive Updates
Packaged Tours Revenue Growth
Revenue from packaged tours grew by 19% year-over-year, driven by growth in organized tours.
Outbound Tour Transaction Volume Increase
Outbound tour transaction volume achieved double-digit year-over-year growth in the first quarter.
Live Streaming Channel Growth
Live streaming channels maintained strong growth with both transactions and verification volume achieving double-digit year-over-year growth.
Introduction of AI Technology
Tuniu launched a self-developed travel AI agent, AI assistant Xiao Niu, enhancing user engagement and operational efficiency.
Expansion of Offline Stores
Tuniu opened nearly 300 offline stores, aiding in localized procurement and strengthening customer engagement.
Negative Updates
Decrease in Other Revenues
Other revenues were down 26% year-over-year, primarily due to a decrease in commission fees from other travel-related products.
Gross Profit Decline
Gross profit for the first quarter was RMB 69.3 million, down 15% year-over-year.
Increase in Operating Expenses
Operating expenses rose by 15% year-over-year, including increases in research and development, sales and marketing, and general administrative expenses.
Net Loss Attributable to Shareholders
Net loss attributable to ordinary shareholders was RMB 4.7 million in the first quarter.
Company Guidance
During Tuniu's 2025 first quarter earnings conference call, the company reported a 9% year-over-year increase in net revenues, reaching RMB 117.5 million. Revenues from packaged tours grew by 19% year-over-year, accounting for 84% of total net revenues, while other revenues decreased by 26% to RMB 18.5 million. The gross profit was RMB 69.3 million, a 15% decline from the previous year, with operating expenses rising 15% to RMB 80.1 million. The company reported a net loss attributable to ordinary shareholders of RMB 4.7 million, but a non-GAAP net income of RMB 0.8 million. Tuniu expects second-quarter net revenues to be between RMB 131 million and RMB 136.8 million, which would represent a 12% to 17% year-over-year increase. As of March 31, 2025, Tuniu held RMB 1.2 billion in cash and equivalents, with capital expenditures of RMB 0.8 million for the quarter.Tuniu Financial Statement Overview
Summary
Tuniu has demonstrated a positive turnaround in financial performance with improved profitability and strong revenue growth. The balance sheet is robust with low leverage, providing financial stability. However, challenges remain in sustaining cash flow growth, and historical volatility in profitability margins poses risks.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 | 75.55M | -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
Negative
0.78
Price Trends
0.87
Negative
0.92
Negative
0.97
Negative
Market Momentum
-0.01
Positive
34.57
Neutral
7.60
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 0.78 is below the 20-day moving average (MA) of 0.85, below the 50-day MA of 0.87, and below the 200-day MA of 0.97, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 34.57 is Neutral, neither overbought nor oversold. The STOCH value of 7.60 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
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.63B | 102,695.56 | 96.85% | ― | 9.63% | -113.00% | |
66 Neutral | $653.76M | ― | 21.42% | ― | 15.71% | 44.28% | |
65 Neutral | $9.43B | 105.01 | 22.38% | ― | 18.13% | -55.21% | |
64 Neutral | $91.03M | 11.59 | 5.65% | 3.73% | 7.19% | ― | |
62 Neutral | $16.51B | 10.46 | -8.28% | 3.32% | 1.44% | -22.58% | |
55 Neutral | $57.54M | ― | -1.95% | ― | 54.50% | 89.80% | |
45 Neutral | $31.39M | ― | -321.56% | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
TOUR
Tuniu
0.78
-0.04
-4.88%
MMYT
Makemytrip
93.59
9.67
11.52%
LIND
Lindblad Expeditions Holdings
11.95
4.68
64.37%
YTRA
Yatra Online
0.90
-0.38
-29.69%
DESP
Despegar
19.50
9.52
95.39%
NTRP
NextTrip
3.63
0.64
21.40%
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.