Tongcheng Travel Holdings (780) Stock Overview
An investment holding company, provides travel related services in the People’s Republic of China. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
780 Community Fair Values
Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Tongcheng Travel Holdings Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$12.05 |
| 52 Week High | HK$25.42 |
| 52 Week Low | HK$11.67 |
| Beta | 0.34 |
| 1 Month Change | -13.31% |
| 3 Month Change | -35.53% |
| 1 Year Change | -40.79% |
| 3 Year Change | -26.07% |
| 5 Year Change | -34.94% |
| Change since IPO | -2.82% |
Recent News & Updates
Narrative Update • Jun 25
780: Upcoming First Quarter Update Will Underpin Future Upside Potential
Analysts have made a small adjustment to Tongcheng Travel Holdings' price target to HK$23.54 from HK$23.57. This reflects updated views on discount rates, revenue growth, profit margins and expected future P/E levels.Narrative Update • Jun 08
780: Dividend Support And Upcoming Results Will Underpin Future Upside
Analysts have trimmed their fair value estimate for Tongcheng Travel Holdings from HK$24.17 to HK$23.57, reflecting slightly lower assumptions for revenue growth, profit margins, and future P/E while keeping the discount rate broadly unchanged. What's in the News Board meeting scheduled for May 21, 2026, to review and discuss the unaudited first quarter results for the three months ended March 31, 2026, and their publication.
New Narrative • Jun 05
Airfare And Rail Headwinds Will Pressure Travel Demand Yet Hotel And AI Upside Will Emerge
Catalysts About Tongcheng Travel Holdings Tongcheng Travel Holdings operates an online travel agency platform in China with growing exposure to hotel management and international travel services. What are the underlying business or industry changes driving this perspective?Analysis Article • May 29
We Think Tongcheng Travel Holdings' (HKG:780) Solid Earnings Are Understated
The market seemed underwhelmed by the solid earnings posted by Tongcheng Travel Holdings Limited ( HKG:780 ) recently...Recent updates
Narrative Update • Jun 25
780: Upcoming First Quarter Update Will Underpin Future Upside Potential
Analysts have made a small adjustment to Tongcheng Travel Holdings' price target to HK$23.54 from HK$23.57. This reflects updated views on discount rates, revenue growth, profit margins and expected future P/E levels.Narrative Update • Jun 08
780: Dividend Support And Upcoming Results Will Underpin Future Upside
Analysts have trimmed their fair value estimate for Tongcheng Travel Holdings from HK$24.17 to HK$23.57, reflecting slightly lower assumptions for revenue growth, profit margins, and future P/E while keeping the discount rate broadly unchanged. What's in the News Board meeting scheduled for May 21, 2026, to review and discuss the unaudited first quarter results for the three months ended March 31, 2026, and their publication.New Narrative • Jun 05
Airfare And Rail Headwinds Will Pressure Travel Demand Yet Hotel And AI Upside Will Emerge
Catalysts About Tongcheng Travel Holdings Tongcheng Travel Holdings operates an online travel agency platform in China with growing exposure to hotel management and international travel services. What are the underlying business or industry changes driving this perspective?Analysis Article • May 29
We Think Tongcheng Travel Holdings' (HKG:780) Solid Earnings Are Understated
The market seemed underwhelmed by the solid earnings posted by Tongcheng Travel Holdings Limited ( HKG:780 ) recently...Narrative Update • May 25
780: Stronger Margins And Dividend Outlook Will Support Future Upside
Analysts have trimmed their HK$ fair value estimate for Tongcheng Travel Holdings from about HK$27.13 to roughly HK$24.17. The revision reflects slightly lower revenue growth assumptions, a modestly higher discount rate, and a lower future P/E multiple, partly offset by an improved profit margin outlook.Analysis Article • May 24
Earnings Release: Here's Why Analysts Cut Their Tongcheng Travel Holdings Limited (HKG:780) Price Target To HK$24.17
There's been a notable change in appetite for Tongcheng Travel Holdings Limited ( HKG:780 ) shares in the week since...
New Narrative • May 22
Hotel Management Expansion And AI Adoption Will Reshape Long Term Travel Demand
Catalysts About Tongcheng Travel Holdings Tongcheng Travel Holdings operates an online travel platform in China that connects users with accommodation, transportation and hotel management services. What are the underlying business or industry changes driving this perspective?Analysis Article • Feb 13
We Think Tongcheng Travel Holdings (HKG:780) Can Manage Its Debt With Ease
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Feb 07
780: Higher Fair Value And Future P/E Will Support Shares
Analysts have raised their fair value estimate for Tongcheng Travel Holdings slightly to ¥27.13 from ¥26.97, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Adjusted slightly higher from ¥26.97 to ¥27.13.Narrative Update • Jan 23
780: Slightly Higher Future P/E Assumptions Will Support Shares Ahead Of Results
Analysts have slightly lifted their fair value estimate for Tongcheng Travel Holdings to HK$26.97 from HK$26.59, reflecting small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Tongcheng Travel Holdings has scheduled a board meeting for November 25, 2025, to review and approve the unaudited third-quarter results for the nine months ended September 30, 2025, and to approve their publication (Key Developments).Narrative Update • Jan 09
780: Higher Future P/E Assumptions Will Support Shares Ahead Of Results
Analysts have nudged their price target on Tongcheng Travel Holdings slightly higher to HK$26.59 from HK$26.36, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News Tongcheng Travel Holdings has scheduled a board meeting for November 25, 2025 to review and approve the unaudited third quarterly results for the nine months ended September 30, 2025 (Key Developments).Narrative Update • Dec 16
780: Stable Margins And Modest Revenue Outlook Will Support Shares
Analysts have nudged their price target for Tongcheng Travel Holdings slightly higher to approximately CNY 26.36 from about CNY 26.27, reflecting marginally stronger expectations for revenue growth and valuation multiples, while the profit margin outlook remains steady. What's in the News A board meeting is scheduled for November 25, 2025, to review and approve unaudited third-quarter results for the nine months ended September 30, 2025, and to authorize their publication (Key Developments).Analysis Article • Dec 12
If EPS Growth Is Important To You, Tongcheng Travel Holdings (HKG:780) Presents An Opportunity
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Dec 02
780: Improved Margins And Efficiency Will Support Shares Into 2025
The analyst price target for Tongcheng Travel Holdings has increased slightly from $25.96 to $26.27, as analysts cite steady improvements in profit margin and efficiency, even though expectations for revenue growth remain softer. What's in the News The company will hold a board meeting on November 25, 2025 to approve the unaudited third quarterly results for the nine months ended September 30, 2025, and to discuss their publication (Key Developments).Analysis Article • Nov 24
Are Investors Undervaluing Tongcheng Travel Holdings Limited (HKG:780) By 34%?
Key Insights Tongcheng Travel Holdings' estimated fair value is HK$32.40 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Nov 17
780: Board Meeting And Margin Outlook Will Support Shares Into 2025
Analysts have raised their price target for Tongcheng Travel Holdings from $25.42 to $25.96. They cite slightly lower discount rates and modest improvements in margin forecasts as supporting factors.Analysis Article • Nov 11
Tongcheng Travel Holdings (HKG:780) Seems To Use Debt Rather Sparingly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Sep 19
The Strong Earnings Posted By Tongcheng Travel Holdings (HKG:780) Are A Good Indication Of The Strength Of The Business
Even though Tongcheng Travel Holdings Limited's ( HKG:780 ) recent earnings release was robust, the market didn't seem...Analysis Article • Sep 14
Investor Optimism Abounds Tongcheng Travel Holdings Limited (HKG:780) But Growth Is Lacking
With a price-to-earnings (or "P/E") ratio of 19.4x Tongcheng Travel Holdings Limited ( HKG:780 ) may be sending very...Analysis Article • Sep 01
Tongcheng Travel Holdings (HKG:780) Is Experiencing Growth In Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Aug 20
Tongcheng Travel Holdings Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
SEHK:780 1 Year Share Price vs Fair Value Explore Tongcheng Travel Holdings's Fair Values from the Community and select...Analysis Article • Aug 19
Do Tongcheng Travel Holdings' (HKG:780) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Aug 04
Are Investors Undervaluing Tongcheng Travel Holdings Limited (HKG:780) By 42%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Tongcheng Travel Holdings fair value estimate is HK$33.94...Analysis Article • Jul 22
These 4 Measures Indicate That Tongcheng Travel Holdings (HKG:780) Is Using Debt Safely
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • May 26
Tongcheng Travel Holdings (HKG:780) Shareholders Will Want The ROCE Trajectory To Continue
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Analysis Article • May 26
Tongcheng Travel Holdings Limited (HKG:780) Just Released Its First-Quarter Earnings: Here's What Analysts Think
Tongcheng Travel Holdings Limited ( HKG:780 ) last week reported its latest quarterly results, which makes it a good...Analysis Article • Apr 18
Tongcheng Travel Holdings Limited's (HKG:780) Intrinsic Value Is Potentially 56% Above Its Share Price
Key Insights The projected fair value for Tongcheng Travel Holdings is HK$34.69 based on 2 Stage Free Cash Flow to...Analysis Article • Mar 24
Tongcheng Travel Holdings Limited's (HKG:780) P/E Is On The Mark
With a price-to-earnings (or "P/E") ratio of 20.6x Tongcheng Travel Holdings Limited ( HKG:780 ) may be sending very...Analysis Article • Mar 12
Here's Why We Think Tongcheng Travel Holdings (HKG:780) Might Deserve Your Attention Today
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Feb 12
The Return Trends At Tongcheng Travel Holdings (HKG:780) Look Promising
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...Analysis Article • Jan 16
Is Tongcheng Travel Holdings (HKG:780) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Jan 03
An Intrinsic Calculation For Tongcheng Travel Holdings Limited (HKG:780) Suggests It's 41% Undervalued
Key Insights The projected fair value for Tongcheng Travel Holdings is HK$30.25 based on 2 Stage Free Cash Flow to...
New Narrative • Dec 08
AI-Driven Innovation And Global Expansion Will Propel Revenue Growth And Boost Net Margins
Expansion into international markets and strategic partnerships aims to drive revenue growth and increase the international business's contribution.Analysis Article • Nov 21
HK$22.55 - That's What Analysts Think Tongcheng Travel Holdings Limited (HKG:780) Is Worth After These Results
It's been a good week for Tongcheng Travel Holdings Limited ( HKG:780 ) shareholders, because the company has just...Analysis Article • Oct 22
We Like These Underlying Return On Capital Trends At Tongcheng Travel Holdings (HKG:780)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...Analysis Article • Oct 07
Tongcheng Travel Holdings Limited's (HKG:780) 35% Price Boost Is Out Of Tune With Earnings
The Tongcheng Travel Holdings Limited ( HKG:780 ) share price has done very well over the last month, posting an...Analysis Article • Sep 29
Is Tongcheng Travel Holdings (HKG:780) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 18
Tongcheng Travel Holdings (HKG:780) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Jun 20
What You Can Learn From Tongcheng Travel Holdings Limited's (HKG:780) P/S After Its 25% Share Price Crash
Tongcheng Travel Holdings Limited ( HKG:780 ) shareholders won't be pleased to see that the share price has had a very...Analysis Article • Jun 09
Tongcheng Travel Holdings (HKG:780) Seems To Use Debt Rather Sparingly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • May 23
Tongcheng Travel Holdings Limited (HKG:780) Just Released Its First-Quarter Earnings: Here's What Analysts Think
There's been a notable change in appetite for Tongcheng Travel Holdings Limited ( HKG:780 ) shares in the week since...Analysis Article • May 08
The Strong Earnings Posted By Tongcheng Travel Holdings (HKG:780) Are A Good Indication Of The Strength Of The Business
Investors were underwhelmed by the solid earnings posted by Tongcheng Travel Holdings Limited ( HKG:780 ) recently. We...Analysis Article • Apr 12
Estimating The Fair Value Of Tongcheng Travel Holdings Limited (HKG:780)
Key Insights Tongcheng Travel Holdings' estimated fair value is HK$20.85 based on 2 Stage Free Cash Flow to Equity With...Analysis Article • Mar 28
Tongcheng Travel Holdings (HKG:780) Is Experiencing Growth In Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Analysis Article • Feb 26
Is Tongcheng Travel Holdings (HKG:780) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jan 25
Tongcheng Travel Holdings Limited's (HKG:780) Shareholders Might Be Looking For Exit
When close to half the companies in the Hospitality industry in Hong Kong have price-to-sales ratios (or "P/S") below...Analysis Article • Dec 24
There's Been No Shortage Of Growth Recently For Tongcheng Travel Holdings' (HKG:780) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Nov 21
Tongcheng Travel Holdings Limited's (HKG:780) Intrinsic Value Is Potentially 93% Above Its Share Price
Key Insights The projected fair value for Tongcheng Travel Holdings is HK$28.44 based on 2 Stage Free Cash Flow to...Analysis Article • Nov 06
Is Tongcheng Travel Holdings (HKG:780) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Sep 11
Tongcheng Travel Holdings' (HKG:780) Returns On Capital Are Heading Higher
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Shareholder Returns
| 780 | HK Hospitality | HK Market | |
|---|---|---|---|
| 7D | -1.8% | 5.2% | 1.1% |
| 1Y | -40.8% | -35.0% | -3.0% |
Return vs Industry: 780 underperformed the Hong Kong Hospitality industry which returned -35% over the past year.
Return vs Market: 780 underperformed the Hong Kong Market which returned -3% over the past year.
Price Volatility
| 780 volatility | |
|---|---|
| 780 Average Weekly Movement | 5.4% |
| Hospitality Industry Average Movement | 6.4% |
| Market Average Movement | 7.5% |
| 10% most volatile stocks in HK Market | 16.6% |
| 10% least volatile stocks in HK Market | 3.5% |
Stable Share Price: 780 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 780's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 11,249 | Heping Ma | www.tongchengir.com |
Tongcheng Travel Holdings Limited, an investment holding company, provides travel related services in the People’s Republic of China. The company operates through Core Online Travel Agency (Core OTA) and Tourism segments. The company offers accommodation reservation services, transportation ticketing services, online advertising services, and hotel management services.
Tongcheng Travel Holdings Limited Fundamentals Summary
| 780 fundamental statistics | |
|---|---|
| Market cap | HK$27.87b |
| Earnings (TTM) | HK$2.87b |
| Revenue (TTM) | HK$23.15b |
9.7x
P/E Ratio1.2x
P/S RatioIs 780 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 780 income statement (TTM) | |
|---|---|
| Revenue | CN¥20.02b |
| Cost of Revenue | CN¥6.68b |
| Gross Profit | CN¥13.34b |
| Other Expenses | CN¥10.86b |
| Earnings | CN¥2.48b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.07 |
| Gross Margin | 66.63% |
| Net Profit Margin | 12.39% |
| Debt/Equity Ratio | 16.8% |
How did 780 perform over the long term?
See historical performance and comparisonDividends
2.1%
Current Dividend Yield21%
Payout RatioDoes 780 pay a reliable dividends?
See 780 dividend history and benchmarks| Tongcheng Travel Holdings dividend dates | |
|---|---|
| Ex Dividend Date | Jun 30 2026 |
| Dividend Pay Date | Jul 15 2026 |
| Days until Ex dividend | 6 days |
| Days until Dividend pay date | 9 days |
Does 780 pay a reliable dividends?
See 780 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/05 22:09 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tongcheng Travel Holdings Limited is covered by 43 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lixin Ju | BofA Global Research |
| Wing Han Chan | CCB International Securities Limited |
| Ximin Gu | China Galaxy Securities Co., Ltd. |