Lindblad Expeditions (LIND) vs TripAdvisor, Inc. (TRIP)

Lindblad Expeditions and TripAdvisor, Inc. are both Travel Services companies. Lindblad Expeditions is the larger, with a market value of $2.1B against $864.9M — 2.4× the size. TripAdvisor, Inc. has negative trailing earnings, so its P/E is not meaningful; Lindblad Expeditions trades at 728×. Lindblad Expeditions grew revenue faster over the last twelve months: 16.7% against −11.6%. Lindblad Expeditions has the higher net margin (0.47% vs −21.6%) and the higher return on invested capital (6.57% vs 0.00%). Across the 19 metrics below, Lindblad Expeditions leads on 11 and TripAdvisor, Inc. on 8.

Valuation

Metric LIND TRIP Travel Services median
P/E 728.47 n/m 19.05
P/S 2.40 0.52 2.64
P/B n/m 2.36 2.71
Price to free cash flow 21.49 5.68 13.14
EV/EBITDA 20.24 6.97 13.28
EV/Sales 3.32 0.60 3.26
Earnings yield 0.14% (41.57%) 4.29%
Free cash flow yield 4.65% 17.60% 4.65%

Profitability

Metric LIND TRIP Travel Services median
Gross margin 47.10% 0.00% 52.17%
Operating margin 7.54% 0.00% 15.57%
Net margin 0.47% (21.60%) 8.07%
Free cash flow margin 11.17% (3.04%) 7.89%
Return on equity (1.88%) (67.29%) 1.26%
Return on assets 0.38% (14.75%) 3.81%
Return on invested capital 6.57% 0.00% 5.65%

Growth

Metric LIND TRIP Travel Services median
Revenue growth (TTM) 16.72% (11.60%) 11.33%
EPS growth (last fiscal year) 5.97% 675.00% 5.97%
Revenue growth, 5-year CAGR 56.41% 25.64% 29.37%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LIND TRIP Travel Services median
Debt to equity (6.38) 2.33 0.21
Current ratio 0.76 1.75 1.33
Net debt to EBITDA 6.48 1.01 1.01

Dividend

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

Size

Metric LIND TRIP Travel Services median
Market cap 2.07b 864.93m 4.77b

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