Tongcheng Travel Holdings Ltd
HKEX:780

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Tongcheng Travel Holdings Ltd
HKEX:780
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Price: 19.42 HKD -0.51%
Market Cap: 45.2B HKD
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Relative Value

The Relative Value of one Tongcheng Travel Holdings Ltd stock under the Base Case scenario is 36.58 HKD. Compared to the current market price of 19.42 HKD, Tongcheng Travel Holdings Ltd is Undervalued by 47%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
36.58 HKD
Undervaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.6
P/S
P/S
Price to Sales
2.6
vs History
87
vs Industry
30
Median 3Y
3.5
Median 5Y
4
Industry
1.4
Forward
2.5
More Details
21.9
P/E
P/E
Price to Earnings
21.9
vs History
76
vs Industry
34
Median 3Y
27.5
Median 5Y
39.9
Industry
20.2
Forward
15.8
More Details
14
P/OCF
P/OCF
Price to OCF
14
vs History
49
vs Industry
46
Median 3Y
14.2
Median 5Y
14.2
Industry
9.8
More Details
21.5
P/FCFE
P/FCFE
Price to FCFE
21.5
vs History
15
vs Industry
38
Median 3Y
15.6
Median 5Y
14.3
Industry
18.6
More Details
2.2
P/B
P/B
Price to Book Value
2.2
vs History
25
vs Industry
50
Median 3Y
2
Median 5Y
2
Industry
2.2
More Details
2.2
EV/S
EV/S
Enterprise Value to Sales
2.2
vs History
80
vs Industry
48
Median 3Y
2.9
Median 5Y
3.2
Industry
1.9
Forward
2
More Details
3.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
3.3
vs History
74
vs Industry
60
Median 3Y
3.9
Median 5Y
4.4
Industry
3.8
More Details
15
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15
vs History
74
vs Industry
53
Median 3Y
22.9
Median 5Y
29.2
Industry
10.7
Forward
9.8
More Details
15
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
15
vs History
84
vs Industry
50
Median 3Y
28.2
Median 5Y
32.8
Industry
16.5
Forward
13.3
More Details
11.6
EV/OCF
EV/OCF
Enterprise Value to OCF
11.6
vs History
44
vs Industry
62
Median 3Y
11.4
Median 5Y
11.3
Industry
11.9
More Details
21
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
21
vs History
19
vs Industry
53
Median 3Y
12.6
Median 5Y
10.2
Industry
17.4
More Details
1.5
EV/IC
EV/IC
Enterprise Value to IC
1.5
vs History
79
vs Industry
51
Median 3Y
1.6
Median 5Y
1.8
Industry
1.3
More Details

Multiples Across Competitors

Competitors Multiples
Tongcheng Travel Holdings Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Tongcheng Travel Holdings Ltd
HKEX:780
45.2B HKD 2.6 21.9 15 15
US
Booking Holdings Inc
NASDAQ:BKNG
170B USD 7.4 33.7 24 26.1
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 42.2 264.8 155.3 195.9
US
Airbnb Inc
NASDAQ:ABNB
85.9B USD 7.9 46.7 45.4 47.1
US
Marriott International Inc
NASDAQ:MAR
79.8B USD 3.2 28.8 22.7 24.4
US
Royal Caribbean Cruises Ltd
NYSE:RCL
64.6B USD 4 24.8 14.7 20.3
US
Hilton Worldwide Holdings Inc
NYSE:HLT
62B USD 5.6 52.6 28.9 30.7
MY
Grand Central Enterprises Bhd
KLSE:GCE
257.3B MYR 9 986.9 -11 074.5 -11 020.4 -8 750.2
CN
Trip.com Group Ltd
HKEX:9961
365.3B HKD 7 24.4 19.8 21.1
US
Carnival Corp
NYSE:CCL
32.7B USD 1.3 20.9 9.8 17
UK
Carnival PLC
LSE:CCL
23.5B GBP 1.3 32.6 488.5 907.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
Tongcheng Travel Holdings Ltd
HKEX:780
Average EV/EBITDA: 82.4
15
84%
0.2
US
Booking Holdings Inc
NASDAQ:BKNG
24
64%
0.4
CN
H
H World Group Ltd
BMV:HTHTN
155.3
42%
3.7
US
Airbnb Inc
NASDAQ:ABNB
45.4
214%
0.2
US
Marriott International Inc
NASDAQ:MAR
22.7
37%
0.6
US
Royal Caribbean Cruises Ltd
NYSE:RCL
14.7
70%
0.2
US
Hilton Worldwide Holdings Inc
NYSE:HLT
28.9
67%
0.4
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -11 020.4 N/A N/A
CN
Trip.com Group Ltd
HKEX:9961
19.8
82%
0.2
US
Carnival Corp
NYSE:CCL
9.8
63%
0.2
UK
Carnival PLC
LSE:CCL
488.5
64%
7.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Tongcheng Travel Holdings Ltd
HKEX:780
Average EV/EBIT: 130.5
15
121%
0.1
US
Booking Holdings Inc
NASDAQ:BKNG
26.1
69%
0.4
CN
H
H World Group Ltd
BMV:HTHTN
195.9
58%
3.4
US
Airbnb Inc
NASDAQ:ABNB
47.1
120%
0.4
US
Marriott International Inc
NASDAQ:MAR
24.4
27%
0.9
US
Royal Caribbean Cruises Ltd
NYSE:RCL
20.3
87%
0.2
US
Hilton Worldwide Holdings Inc
NYSE:HLT
30.7
59%
0.5
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -8 750.2 N/A N/A
CN
Trip.com Group Ltd
HKEX:9961
21.1
100%
0.2
US
Carnival Corp
NYSE:CCL
17
116%
0.1
UK
Carnival PLC
LSE:CCL
907.3
119%
7.6

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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