Tuniu (TOUR) AI Stock Analysis

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Tuniu

(NASDAQ:TOUR)

Rating:67Neutral

Price Target:

$1.00

▲(4.17%Upside)

Tuniu's strong financial recovery and strategic initiatives are the primary drivers of its score. Solid valuation metrics and positive earnings call sentiment further support the score. However, technical indicators and cash flow volatility suggest caution.

Tuniu (TOUR) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$112.85M

Dividend Yield3.01%

Average Volume (3M)108.16K

Price to Earnings (P/E)10.8

Beta (1Y)0.62

Revenue Growth15.38%

EPS GrowthN/A

CountryUS

Employees983

SectorConsumer Cyclical

Sector Strength62

IndustryTravel Services

Share Statistics

EPS (TTM)>-0.01

Shares Outstanding110,235,214

10 Day Avg. Volume104,211

30 Day Avg. Volume108,156

Financial Highlights & Ratios

PEG Ratio0.02

Price to Book (P/B)0.24

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 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 Earnings Call Summary

Earnings Call Date:Mar 14, 2025

(Q4-2024)

% Change Since: -9.43%|

Next Earnings Date:Jun 12, 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.

Q4-2024 Updates

Positive Updates

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.

Negative Updates

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.

Tuniu Financial Statement Overview

Summary

Tuniu's financial performance shows significant revenue growth and a transition to profitability with a strong balance sheet, but cash flow volatility is a concern.

Income Statement

Neutral

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.

Balance Sheet

Positive

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.

Cash Flow

Neutral

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.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
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
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

Technical Analysis Sentiment

Positive

Last Price0.96

Price Trends

50DMA

0.93

Positive

100DMA

0.97

Negative

200DMA

0.98

Negative

Market Momentum

MACD

<0.01

Negative

RSI

58.67

Neutral

STOCH

71.69

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 0.96 is above the 20-day moving average (MA) of 0.92, above the 50-day MA of 0.93, and below the 200-day MA of 0.98, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.67 is Neutral, neither overbought nor oversold. The STOCH value of 71.69 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

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MMYT	75 Outperform	$11.03B	119.06	8.33%	―	28.51%	367.34%
DESP	72 Outperform	$1.63B	102,695.56	96.85%	―	9.63%	-113.00%
TOUR	67 Neutral	$112.85M	10.83	7.30%	3.01%	15.38%	―
LIND	64 Neutral	$600.69M	―	21.42%	―	15.71%	44.28%
Sector *	62 Neutral	$6.88B	11.32	2.90%	3.87%	2.70%	-24.57%
YTRA	55 Neutral	$61.23M	―	-1.95%	―	54.50%	89.80%
NTRP	45 Neutral	$23.50M	―	-234.40%	―	―	―

* Consumer Cyclical Sector Average

Performance Comparison

TOUR

Tuniu

0.96

-0.10

-9.43%

MMYT

Makemytrip

99.69

19.82

24.82%

LIND

Lindblad Expeditions Holdings

11.42

4.00

53.91%

YTRA

Yatra Online

0.96

-0.34

-26.15%

DESP

Despegar

19.50

4.95

34.02%

NTRP

NextTrip

3.23

1.36

72.73%

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.