Subscribe

Tongcheng Travel Holdings Limited (0780.HK)

HKD12.17 -0.26 (-2.09%)
CN HKSE Consumer Cyclical Travel Services
Address Tongcheng Mansion
Suzhou, CN
CEO Heping Ma
IPO 2018-11-26
ISIN KYG8918W1069

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 0780.HK (HKD) Other OTC · TNGCF (USD)
Description

Tongcheng Travel Holdings Limited operates as an investment holding company, delivering an extensive range of travel-related services across the People's Republic of China. Its primary offerings include booking transportation, reserving accommodations, and securing tickets for attractions, along with various supplementary value-added products. Additionally, the company provides online advertising, technology consulting, insurance agency services, and manages call center operations, among other activities. Customers can access these travel products and services via the company's digital ecosystem, which comprises online platforms powered by Tencent, dedicated mobile applications, and official websites. Established in 1999, the firm was previously known as Tongcheng-Elong Holdings Limited until its renaming in November 2021, and its headquarters are situated in Suzhou, PRC.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
HKD12.17 -0.26 (-2.09%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
11M
Beta
0.34
Float Shares
1.27B
Free Float %
54.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -8.99% -18.41% -29.16% -31.13% -33.65% -30.42% -3.31% -27.54% +20.08% +20.08%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
12.17
DCF (Unlevered) 134.97 +1,009.0%
DCF (Levered) 132.35 +987.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 92% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 20 -1
Hold 2 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.98
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Travel Services: +8.5%
    +11.9% Q1'26: +13.3% (vs Q1'25)
  • EPS growth Travel Services: +10.2%
    +17.4% Q1'26: +10.3% (vs Q1'25)
  • FCF margin FCF growth · Travel Services: +12.2%
    +14.9% Q1'26: +49.1% (vs Q1'25)
  • EBIT margin Travel Services: +13.1%
    +17.2% Q1'26: +18.8% (vs Q1'25)
  • ROIC Travel Services: +10.4%
    +16.0% Q1'26: +19.3% (vs Q1'25)
  • Share dilution Travel Services: +0.3%
    +2.1% Q1'26: +0.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Travel Services: -0.25×
    1.22× Q1'26: 1.02× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.39) × ERP
WACC = 85% × Ke + 15% × Kd (4.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 134.97 Current price: 12.17
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
15 Rev. Ana.
19 EPS Ana.
Dec 2027
23 Rev. Ana.
19 EPS Ana.
Dec 2028
14 Rev. Ana.
9 EPS Ana.
Dec 2029
11 Rev. Ana.
9 EPS Ana.
Revenue
5.26B
est: 6.62B (-20.6%)
7.39B
est: 8.30B (-10.9%)
5.93B
est: 7.08B (-16.2%)
7.54B
est: 9.19B (-18.0%)
6.58B
est: 7.40B (-11.0%)
11.90B
est: 12.76B (-6.8%)
17.34B
est: 17.18B (+0.9%)
19.40B
est: 19.32B (+0.4%)
21.77B
21.47B – 22.34B
+12.7% YoY
24.00B
22.92B – 25.36B
+10.2% YoY
26.22B
25.43B – 27.33B
+9.3% YoY
27.57B
26.74B – 28.74B
+5.1% YoY
EBITDA
-30.56M
est: 1.26B (-102.4%)
1.47B
est: 1.58B (-6.9%)
1.01B
est: 1.35B (-24.9%)
1.56B
est: 1.75B (-10.8%)
839.95M
est: 1.41B (-40.4%)
2.91B
est: 2.43B (+19.5%)
3.52B
est: 3.47B (+1.4%)
4.42B
est: 3.90B (+13.2%)
4.40B
4.34B – 4.51B
+12.7% YoY
4.85B
4.63B – 5.12B
+10.2% YoY
5.30B
5.14B – 5.52B
+9.3% YoY
5.57B
5.40B – 5.81B
+5.1% YoY
EBIT
601.53M
est: 657.27M (-8.5%)
891.70M
est: 823.69M (+8.3%)
412.22M
est: 702.68M (-41.3%)
892.58M
est: 912.03M (-2.1%)
-243.0K
est: 734.28M (-100.0%)
2.00B
est: 1.27B (+57.7%)
2.44B
est: 2.06B (+18.4%)
3.34B
est: 2.32B (+44.4%)
2.61B
2.57B – 2.68B
+12.7% YoY
2.88B
2.75B – 3.04B
+10.2% YoY
3.14B
3.05B – 3.28B
+9.3% YoY
3.30B
3.20B – 3.44B
+5.1% YoY
Net Income
529.96M
est: 988.05M (-46.4%)
688.10M
est: 1.30B (-47.1%)
327.59M
est: 1.01B (-67.7%)
723.40M
est: 1.33B (-45.8%)
-146.01M
est: 621.33M (-123.5%)
1.55B
est: 2.10B (-25.9%)
1.97B
est: 2.76B (-28.4%)
2.37B
est: 3.39B (-30.0%)
3.93B
3.77B – 4.10B
+15.9% YoY
4.43B
4.19B – 4.71B
+12.8% YoY
4.90B
4.71B – 5.17B
+10.7% YoY
5.27B
5.06B – 5.56B
+7.6% YoY
SGA
2.78B
est: 3.03B (-8.3%)
2.87B
est: 3.79B (-24.3%)
2.65B
est: 3.24B (-18.0%)
3.61B
est: 4.20B (-14.1%)
3.50B
est: 3.38B (+3.5%)
5.18B
est: 5.83B (-11.1%)
6.81B
est: 7.66B (-11.1%)
7.56B
est: 8.61B (-12.2%)
9.70B
9.57B – 9.96B
+12.7% YoY
10.70B
10.22B – 11.31B
+10.2% YoY
11.69B
11.34B – 12.18B
+9.3% YoY
12.29B
11.92B – 12.81B
+5.1% YoY
EPS
0.31
est: 0.43 (-28.1%)
0.33
est: 0.57 (-41.9%)
0.15
est: 0.44 (-66.1%)
0.33
est: 0.58 (-43.4%)
-0.07
est: 0.27 (-124.2%)
0.68
est: 0.91 (-25.7%)
0.87
est: 1.18 (-26.2%)
1.00
est: 1.45 (-31.0%)
1.68
1.61 – 1.75
+15.9% YoY
1.89
1.79 – 2.01
+12.8% YoY
2.09
2.01 – 2.21
+10.7% YoY
2.25
2.16 – 2.38
+7.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 A 4/5 5/5 4/5 4/5 3/5 3/5 3/5
2026-05-21 A- 4/5 5/5 4/5 4/5 3/5 2/5 2/5
2026-05-20 A- 4/5 5/5 4/5 4/5 3/5 2/5 2/5
2026-05-19 A- 4/5 5/5 4/5 4/5 3/5 2/5 2/5
2026-05-18 A- 4/5 5/5 4/5 4/5 3/5 2/5 2/5
2026-05-15 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-05-14 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-05-13 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-05-12 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-05-11 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-08 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-07 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-06 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-05 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-04 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-30 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-29 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-24 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-23 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-22 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-21 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-20 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-17 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-16 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
5.32B
OE per share TTM
2.30
Owner's Yield
15.24%
Maintenance CapEx ratio
19.12%
Maint CapEx / Avg PPE
24.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 184 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amplify Travel Tech ETF AWAY 3.25% 816.2K 0.75%
2 KraneShares CSI China Internet ETF KWEB 1.35% 70.75M 0.70%
3 KraneShares CSI China Internet UCITS ETF KWBP.L 1.35% 9.35M 0.75%
4 KraneShares CSI China Internet UCITS ETF KWEB.L 1.35% 9.37M 0.75%
5 KraneShares CSI China Internet UCITS ETF KWBE.L 1.35% 9.34M 0.75%
6 Pacific North of South EM Equity Active ETF GEME 1.16% 4.26M 0.75%
7 Global X - MSCI China Consumer Discretionary ETF CHIQ 0.98% 1.20M 0.65%
8 Distillate International Fundamental Stability & Value ETF DSTX 0.87% 434.0K 0.55%
9 Amundi MSCI China Tech UCITS ETF USD CC1U.L 0.85% 2.50M 0.55%
10 Amundi MSCI China Tech UCITS ETF EUR CC1.PA 0.85% 2.49M 0.55%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
329.8K
Shares Outstanding
2.35B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Heping Ma Co-Chairman & CEO 8M male
Zhixiang Wu Executive Director 6M male
Joyce Li Vice President of Capital Markets female
Kylie Yeung Investor Relations Director female
Li Ma Company Secretary female
Julian Fan Chief Financial Officer male
Jianzhong Xu Senior Vice President male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits