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Tongcheng Travel Holdings (HKSE:00780) Enterprise Value : HK$32,795 Mil (As of May. 26, 2024)


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What is Tongcheng Travel Holdings Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Tongcheng Travel Holdings's Enterprise Value is HK$32,795 Mil. Tongcheng Travel Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,196 Mil. Therefore, Tongcheng Travel Holdings's EV-to-EBIT ratio for today is 14.93.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Tongcheng Travel Holdings's Enterprise Value is HK$32,795 Mil. Tongcheng Travel Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,196 Mil. Therefore, Tongcheng Travel Holdings's EV-to-EBITDA ratio for today is 14.93.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Tongcheng Travel Holdings's Enterprise Value is HK$32,795 Mil. Tongcheng Travel Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was HK$13,059 Mil. Therefore, Tongcheng Travel Holdings's EV-to-Revenue ratio for today is 2.51.


Tongcheng Travel Holdings Enterprise Value Historical Data

The historical data trend for Tongcheng Travel Holdings's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tongcheng Travel Holdings Enterprise Value Chart

Tongcheng Travel Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only 22,370.18 24,926.08 25,803.07 37,322.54 26,491.70

Tongcheng Travel Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37,322.54 33,229.73 30,571.76 32,771.00 26,491.70

Competitive Comparison of Tongcheng Travel Holdings's Enterprise Value

For the Travel Services subindustry, Tongcheng Travel Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tongcheng Travel Holdings's Enterprise Value Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Tongcheng Travel Holdings's Enterprise Value falls into.



Tongcheng Travel Holdings Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Tongcheng Travel Holdings's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

Tongcheng Travel Holdings's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tongcheng Travel Holdings  (HKSE:00780) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Tongcheng Travel Holdings's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=32794.614/2196.482
=14.93

Tongcheng Travel Holdings's current Enterprise Value is HK$32,795 Mil.
Tongcheng Travel Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$2,196 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Tongcheng Travel Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=32794.614/2196.482
=14.93

Tongcheng Travel Holdings's current Enterprise Value is HK$32,795 Mil.
Tongcheng Travel Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$2,196 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Tongcheng Travel Holdings's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=32794.614/13059.275
=2.51

Tongcheng Travel Holdings's current Enterprise Value is HK$32,795 Mil.
Tongcheng Travel Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$13,059 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tongcheng Travel Holdings Enterprise Value Related Terms

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Tongcheng Travel Holdings (HKSE:00780) Business Description

Traded in Other Exchanges
Address
No. 188, Yuxin Road, Tongcheng Mansion, Suzhou Industrial Park, Jiangsu, CHN
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
Executives
Tencent Holdings Limited
Trip.com Group Limited
Brown Brothers Harriman & Co. 2502 Approved lending agent
T. Rowe Price Associates, Inc. And Its Affiliates 2101 Beneficial owner
Ctrip.com International, Ltd.
C-travel International Limited
Tch Sapphire Limited
Image Frame Investment (hk) Limited 2101 Beneficial owner
Ctrip.com (hong Kong) Limited 2101 Beneficial owner

Tongcheng Travel Holdings (HKSE:00780) Headlines

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