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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Trip.com Group Limited    TCOM

TRIP.COM GROUP LIMITED

(TCOM)
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Trip.com is Finally Ready for Takeoff -- Heard on the Street

12/02/2020 | 01:13am EST

By Jacky Wong

Getting the pandemic under control in China has helped the country's online travel giant Trip.com ride out a turbulent year. But a smooth ride in 2021 depends on a strong rebound in international travel.

The company's revenue for the quarter ending in September was down 48% from a year earlier, the company reported Tuesday after the market closed, but that was a marked improvement from the 64% decline in the previous quarter. While Trip.com's international business is still in limbo, its domestic business has rebounded strongly as people in China start to travel again. During the eight-day Golden Week holiday in October, 637 million people traveled inside the country, according to official figures.

Domestic air tickets and hotel bookings have turned positive year over year since August, the company said. Short-haul trips and high-end hotel bookings grew even faster. Trip.com also managed to keep costs down: Sales and marketing expenses for the third quarter dropped 54% from a year earlier.

The company is confident the recovery will continue into this quarter. It expects revenue to be down 37% to 42% from a year earlier, largely stemming from weakness in the international business. International business accounted for 40% to 50% of Trip.com's revenue in transportation tickets and packaged tours in the fourth quarter of last year.

There is a silver lining from the pandemic, as many users have turned to online bookings in the age of social distancing. Around 40% of this year's new users are under 25 and nearly half are from smaller cities.

Understandably, Trip.com's shares have underperformed many of its peers. Its Nasdaq-listed shares are up 2.6% this year while MSCI China has gained 24%. Hopes for the return of international travel have helped its shares lately: Trip.com's stocks surged 17% in November after positive vaccine news from Pfizer, BioNTech and Moderna.

After a year of dark clouds and waiting on the tarmac, Trip.com could be setting off for greener pastures soon.

Write to Jacky Wong at JACKY.WONG@wsj.com

(END) Dow Jones Newswires

12-02-20 0112ET

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MODERNA, INC. 3.35% 151.93 Delayed Quote.40.71%
MSCI CHINA (STRD, UHD) -2.13% 122.028 Real-time Quote.11.78%
NASDAQ COMP. -0.07% 13626.064934 Delayed Quote.5.08%
PFIZER INC. 0.08% 37.31 Delayed Quote.1.28%
SILVER 0.46% 25.43 Delayed Quote.-3.01%
TRIP.COM GROUP LIMITED -2.47% 31.97 Delayed Quote.-0.44%
All news about TRIP.COM GROUP LIMITED
01/20Nomura Adjusts Trip.com's Price Target to $41 From $40, Keeps at Buy
MT
2020TRIP COM : CMB International Starts Trip.com at Buy with $45 Price Target
MT
2020TRIP COM : to Hold 2020 Annual General Meeting on December 21, 2020
AQ
2020MARKET CHATTER : Trip.com, HNA Group Sign Air Travel, Internet Tech MOU
MT
2020HSBC Upgrades Trip.com to Buy From Hold, Adjusts Price Target to $42 From $28..
MT
2020New Street Downgrades Trip.com to Neutral From Buy; Price Target is $32
MT
2020ANALYST ACTIONS : Nomura Adjusts Trip.com's Price Target to $40 From $36, Keeps ..
MT
2020Oppenheimer Adjusts Trip.com PT to $38 From $33, Maintains Outperform Rating
MT
2020Trip.com is Finally Ready for Takeoff -- Heard on the Street
DJ
2020Trip.com Q3 Non-GAAP Earnings, Revenue Exceed Expectations
MT
More news
Financials (USD)
Sales 2020 2 807 M - -
Net income 2020 -696 M - -
Net Debt 2020 6 088 M - -
P/E ratio 2020 -28,2x
Yield 2020 -
Capitalization 18 812 M 18 812 M -
EV / Sales 2020 8,87x
EV / Sales 2021 5,88x
Nbr of Employees 44 300
Free-Float 46,0%
Chart TRIP.COM GROUP LIMITED
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Trip.com Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends TRIP.COM GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 37,15 $
Last Close Price 31,97 $
Spread / Highest target 62,7%
Spread / Average Target 16,2%
Spread / Lowest Target -40,3%
EPS Revisions
Managers and Directors
NameTitle
Jane Jie Sun Chief Executive Officer & Director
Min Fan Vice Chairman & President
Jian Zhang Liang Executive Chairman
Maohua Sun Chief Operating Officer & Executive Vice President
Xiao Fan Wang Chief Financial Officer, Director & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
TRIP.COM GROUP LIMITED-0.44%19 288
BOOKING HOLDINGS INC.-9.38%82 665
EXPEDIA GROUP, INC.2.71%19 237
TRIPADVISOR14.87%4 447
TONGCHENG-ELONG HOLDINGS LIMITED-8.80%3 847
MAKEMYTRIP LIMITED5.11%3 205