Tuniu Corp (TOUR) - Net Assets
Based on the latest financial reports, Tuniu Corp (TOUR) has net assets worth $950.72 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.46 Billion) and total liabilities ($508.17 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TOUR tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $950.72 Million |
| % of Total Assets | 65.17% |
| Annual Growth Rate | 12.83% |
| 5-Year Change | -23.49% |
| 10-Year Change | -79.03% |
| Growth Volatility | 131.65 |
Tuniu Corp - Net Assets Trend (2011–2025)
This chart illustrates how Tuniu Corp's net assets have evolved over time, based on quarterly financial data. See TOUR days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tuniu Corp (2011–2025)
The table below shows the annual net assets of Tuniu Corp from 2011 to 2025. For live valuation and market cap data, see market cap of Tuniu Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $958.72 Million | -4.98% |
| 2024-12-31 | $1.01 Billion | +2.97% |
| 2023-12-31 | $979.83 Million | -7.42% |
| 2022-12-31 | $1.06 Billion | -15.54% |
| 2021-12-31 | $1.25 Billion | -9.01% |
| 2020-12-31 | $1.38 Billion | -49.90% |
| 2019-12-31 | $2.75 Billion | -19.48% |
| 2018-12-31 | $3.41 Billion | -7.58% |
| 2017-12-31 | $3.69 Billion | -19.21% |
| 2016-12-31 | $4.57 Billion | +36.99% |
| 2015-12-31 | $3.34 Billion | +136.93% |
| 2014-12-31 | $1.41 Billion | +383.51% |
| 2013-12-31 | $291.36 Million | +318.76% |
| 2012-12-31 | $69.58 Million | -60.65% |
| 2011-12-31 | $176.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tuniu Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 786502999100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $249.15K | 0.02% |
| Other Comprehensive Income | $307.64 Million | 29.84% |
| Other Components | $8.75 Billion | 848.48% |
| Total Equity | $1.03 Billion | 100.00% |
Tuniu Corp Competitors by Market Cap
The table below lists competitors of Tuniu Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zegona Communications Plc
LSE:ZEG
|
$48.86 Million |
|
The Ugar Sugar Works Limited
NSE:UGARSUGAR
|
$48.87 Million |
|
Shuang-Bang Industrial
TWO:6506
|
$48.91 Million |
|
Manhattan Bridge Capital Inc
NASDAQ:LOAN
|
$48.92 Million |
|
Bizim Toptan Satis Magazalari AS
IS:BIZIM
|
$48.85 Million |
|
Riverview Rubber Estates Bhd
KLSE:2542
|
$48.85 Million |
|
Azimut Exploration Inc.
V:AZM
|
$48.84 Million |
|
Joong Ang Enervis Co. Ltd
KQ:000440
|
$48.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tuniu Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,080,591,000 to 1,030,957,085, a change of -49,633,915 (-4.6%).
- Net income of 30,277,000 contributed positively to equity growth.
- Dividend payments of 29,794,000 reduced retained earnings.
- Share repurchases of 51,213,000 reduced equity.
- Other comprehensive income decreased equity by 5,818,228.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $30.28 Million | +2.94% |
| Dividends Paid | $29.79 Million | -2.89% |
| Share Repurchases | $51.21 Million | -4.97% |
| Other Comprehensive Income | $-5.82 Million | -0.56% |
| Other Changes | $6.91 Million | +0.67% |
| Total Change | $- | -4.59% |
Book Value vs Market Value Analysis
This analysis compares Tuniu Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $204.03 | $4.75 | x |
| 2012-12-31 | $80.28 | $4.75 | x |
| 2013-12-31 | $336.18 | $4.75 | x |
| 2014-12-31 | $13.32 | $4.75 | x |
| 2015-12-31 | $401.20 | $4.75 | x |
| 2016-12-31 | $360.14 | $4.75 | x |
| 2017-12-31 | $285.15 | $4.75 | x |
| 2018-12-31 | $266.08 | $4.75 | x |
| 2019-12-31 | $220.09 | $4.75 | x |
| 2020-12-31 | $112.20 | $4.75 | x |
| 2021-12-31 | $102.66 | $4.75 | x |
| 2022-12-31 | $89.55 | $4.75 | x |
| 2023-12-31 | $83.26 | $4.75 | x |
| 2024-12-31 | $267.38 | $4.75 | x |
| 2025-12-31 | $270.55 | $4.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tuniu Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.39%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.55x
- Recent ROE (2.94%) is above the historical average (-35.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -52.00% | -12.01% | 1.79x | 2.42x | $-109.63 Million |
| 2012 | -154.06% | -9.63% | 2.21x | 7.23x | $-114.15 Million |
| 2013 | -27.33% | -4.08% | 1.81x | 3.69x | $-108.77 Million |
| 2014 | -31.79% | -12.67% | 1.34x | 1.88x | $-588.73 Million |
| 2015 | -43.94% | -19.09% | 1.06x | 2.16x | $-1.79 Billion |
| 2016 | -54.16% | -23.01% | 1.15x | 2.04x | $-2.88 Billion |
| 2017 | -21.50% | -35.26% | 0.33x | 1.85x | $-1.13 Billion |
| 2018 | -5.61% | -8.39% | 0.34x | 1.96x | $-522.97 Million |
| 2019 | -26.99% | -32.07% | 0.35x | 2.43x | $-1.00 Billion |
| 2020 | -94.46% | -290.49% | 0.14x | 2.31x | $-1.45 Billion |
| 2021 | -9.58% | -28.50% | 0.19x | 1.81x | $-248.44 Million |
| 2022 | -17.45% | -105.32% | 0.10x | 1.69x | $-304.18 Million |
| 2023 | -9.63% | -22.50% | 0.23x | 1.90x | $-202.38 Million |
| 2024 | 7.14% | 15.03% | 0.27x | 1.77x | $-30.89 Million |
| 2025 | 2.94% | 5.39% | 0.35x | 1.55x | $-72.82 Million |
Industry Comparison
This section compares Tuniu Corp's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $3,486,397,253
- Average return on equity (ROE) among peers: 5.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tuniu Corp (TOUR) | $950.72 Million | -52.00% | 0.53x | $48.85 Million |
| Airbnb Inc (ABNB) | $5.56 Billion | 34.05% | 1.88x | $58.87 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $6.37 Million | 14.92% | 0.57x | $27.52 Million |
| Booking Holdings Inc (BKNG) | $6.92 Billion | 27.36% | 0.51x | $127.07 Billion |
| Carnival Corporation (CCL) | $12.14 Billion | -78.23% | 3.39x | $36.54 Billion |
| Carnival Plc ADS (CUK) | $5.87 Billion | 16.44% | 0.67x | $3.89 Billion |
| Despegar.com Corp (DESP) | $217.96 Million | 19.44% | 2.39x | $1.63 Billion |
| Expedia Group Inc. (EXPE) | $2.74 Billion | 15.40% | 1.43x | $26.58 Billion |
| Global Business Travel Group Inc (GBTG) | $1.66 Billion | 6.56% | 1.96x | $4.88 Billion |
| Inspirato Inc (ISPO) | $-106.41 Million | 0.00% | 0.00x | $54.21 Million |
| Lindblad Expeditions Holdings Inc (LIND) | $-145.53 Million | 0.00% | 0.00x | $1.49 Billion |
About Tuniu Corp
Tuniu Corporation, together with its subsidiaries, operates as an online leisure travel company in the People's Republic of China. The company offers various packaged tours, including organized tours that provide pre-arranged itineraries, transportation, accommodation, entertainment, meals, and tour guide services; and self-guided tours consist of flights and hotel bookings, and other optional ad… Read more