Tongcheng Travel Holdings Limited
Tongcheng Travel Holdings Limited, an investment holding company, provides travel related services in the People's Republic of China. It 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. It also provides tourism related ser… Read more
Tongcheng Travel Holdings Limited (TNGCF) - Net Assets
Latest net assets as of June 2025: $22.20 Billion USD
Based on the latest financial reports, Tongcheng Travel Holdings Limited (TNGCF) has net assets worth $22.20 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($41.24 Billion) and total liabilities ($19.03 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $22.20 Billion |
| % of Total Assets | 53.85% |
| Annual Growth Rate | 10.48% |
| 5-Year Change | 49.55% |
| 10-Year Change | N/A |
| Growth Volatility | 44.34 |
Tongcheng Travel Holdings Limited - Net Assets Trend (2018–2024)
This chart illustrates how Tongcheng Travel Holdings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tongcheng Travel Holdings Limited (2018–2024)
The table below shows the annual net assets of Tongcheng Travel Holdings Limited from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $20.96 Billion | +13.03% |
| 2023-12-31 | $18.55 Billion | -- |
| 2022-12-31 | $0.00 | -- |
| 2021-12-31 | $15.26 Billion | +8.86% |
| 2020-12-31 | $14.02 Billion | +6.58% |
| 2019-12-31 | $13.15 Billion | +14.09% |
| 2018-12-31 | $11.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongcheng Travel Holdings Limited'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 grown by 480182400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.75 Billion | 8.76% |
| Other Components | $18.25 Billion | 91.24% |
| Total Equity | $20.00 Billion | 100.00% |
Tongcheng Travel Holdings Limited Competitors by Market Cap
The table below lists competitors of Tongcheng Travel Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GMR Airports Limited
NSE:GMRAIRPORT
|
$2.88 Billion |
|
Grupo Carso S.A.B. de C.V
PINK:GPOVF
|
$2.89 Billion |
|
Dun & Bradstreet Holdings Inc.
NYSE:DNB
|
$2.89 Billion |
|
Workiva Inc
NYSE:WK
|
$2.89 Billion |
|
SoundHound AI Inc
NASDAQ:SOUN
|
$2.88 Billion |
|
Changsha Jingjia Microelectronics Co Ltd
SHE:300474
|
$2.88 Billion |
|
The Marzetti Company
NASDAQ:MZTI
|
$2.88 Billion |
|
Impinj Inc
NASDAQ:PI
|
$2.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongcheng Travel Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,702,711,000 to 20,001,471,000, a change of 2,298,760,000 (13.0%).
- Net income of 1,974,356,000 contributed positively to equity growth.
- Dividend payments of 311,660,000 reduced retained earnings.
- New share issuances of 285,233,000 increased equity.
- Other factors increased equity by 350,831,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.97 Billion | +9.87% |
| Dividends Paid | $311.66 Million | -1.56% |
| Share Issuances | $285.23 Million | +1.43% |
| Other Changes | $350.83 Million | +1.75% |
| Total Change | $- | 12.99% |
Book Value vs Market Value Analysis
This analysis compares Tongcheng Travel Holdings Limited'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: 0.27x
- 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.
- The price-to-book ratio has decreased from 0.41x to 0.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $5.56 | $2.30 | x |
| 2019-12-31 | $6.19 | $2.30 | x |
| 2020-12-31 | $6.43 | $2.30 | x |
| 2021-12-31 | $6.86 | $2.30 | x |
| 2022-12-31 | $7.02 | $2.30 | x |
| 2023-12-31 | $7.85 | $2.30 | x |
| 2024-12-31 | $8.57 | $2.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongcheng Travel Holdings Limited 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): 9.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.39%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.89x
- Recent ROE (9.87%) is above the historical average (4.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 4.59% | 10.08% | 0.31x | 1.46x | $-623.59 Million |
| 2019 | 5.23% | 9.31% | 0.38x | 1.48x | $-627.54 Million |
| 2020 | 2.34% | 5.52% | 0.31x | 1.36x | $-1.07 Billion |
| 2021 | 4.75% | 9.60% | 0.35x | 1.41x | $-798.51 Million |
| 2022 | -0.93% | -2.22% | 0.99x | 0.42x | $-1.72 Billion |
| 2023 | 8.78% | 13.06% | 0.38x | 1.79x | $-216.14 Million |
| 2024 | 9.87% | 11.39% | 0.46x | 1.89x | $-25.79 Million |
Industry Comparison
This section compares Tongcheng Travel Holdings Limited's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $1,526,974,464
- Average return on equity (ROE) among peers: -30.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongcheng Travel Holdings Limited (TNGCF) | $22.20 Billion | 4.59% | 0.86x | $2.88 Billion |
| Airbnb Inc (ABNB) | $-517.31 Million | 0.00% | 0.00x | $52.33 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $4.00 Million | 32.27% | 1.02x | $10.22 Million |
| Booking Holdings Inc (BKNG) | $402.60 Million | -262.07% | 0.10x | $135.59 Billion |
| Carnival Corporation (CCL) | $13.79 Billion | 8.61% | 0.78x | $31.73 Billion |
| Consolidated Capital of North America Inc (CDNO) | $93.27K | 0.00% | 0.02x | $8.13 |
| Carnival Plc ADS (CUK) | $207.80 Million | 47.02% | 1.54x | $31.61 Billion |
| Carnival Corporation & plc (CUKPF) | $893.20 Million | 21.67% | 1.49x | $18.29 Billion |
| Despegar.com Corp (DESP) | $92.85 Million | -151.47% | 8.10x | $1.36 Billion |
| Jet2 plc (DRTGF) | $157.20 Million | 20.87% | 5.37x | $2.31 Billion |
| eDreams ODIGEO S.A (EDDRF) | $236.30 Million | -18.34% | 3.54x | $429.02 Million |