Lindblad Expeditions (LIND) vs Trip.com Group Limited Sponsored ADR (TCOM)

Lindblad Expeditions and Trip.com Group Limited Sponsored ADR are both Travel Services companies. Trip.com Group Limited Sponsored ADR is the larger, with a market value of $28.5B against $2.1B — 13.7× the size. Trip.com Group Limited Sponsored ADR trades at the lower P/E: 8.2× against 728×. Trip.com Group Limited Sponsored ADR grew revenue faster over the last twelve months: 22.0% against 16.7%. Trip.com Group Limited Sponsored ADR has the higher net margin (36.4% vs 0.47%) and the lower return on invested capital (6.10% vs 6.57%). Across the 20 metrics below, Trip.com Group Limited Sponsored ADR leads on 15 and Lindblad Expeditions on 5.

Valuation

Metric LIND TCOM Travel Services median
P/E 728.47 8.23 19.05
P/S 2.40 2.88 2.64
P/B n/m 1.12 2.71
Price to free cash flow 21.49 3.51 13.14
EV/EBITDA 20.24 12.83 13.28
EV/Sales 3.32 2.07 3.26
Earnings yield 0.14% 12.15% 4.29%
Free cash flow yield 4.65% 28.46% 4.65%

Profitability

Metric LIND TCOM Travel Services median
Gross margin 47.10% 80.05% 52.17%
Operating margin 7.54% 16.12% 15.57%
Net margin 0.47% 36.39% 8.07%
Free cash flow margin 11.17% 0.00% 7.89%
Return on equity (1.88%) 0.00% 1.26%
Return on assets 0.38% 9.52% 3.81%
Return on invested capital 6.57% 6.10% 5.65%

Growth

Metric LIND TCOM Travel Services median
Revenue growth (TTM) 16.72% 21.96% 11.33%
EPS growth (last fiscal year) 5.97% 101.18% 5.97%
Revenue growth, 5-year CAGR 56.41% 26.03% 29.37%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LIND TCOM Travel Services median
Debt to equity (6.38) 0.16 0.21
Current ratio 0.76 1.33 1.33
Net debt to EBITDA 6.48 (2.81) 1.01

Dividend

Metric LIND TCOM Travel Services median
Dividend yield — 0.00% 1.52%
Payout ratio — 0.00 0.20

Size

Metric LIND TCOM Travel Services median
Market cap 2.07b 28.46b 4.77b

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