Mondee Holdings, Inc. (MOND) vs Travel + Leisure Co. (TNL)

Mondee Holdings, Inc. and Travel + Leisure Co. are both Travel Services companies. Travel + Leisure Co. is the larger, with a market value of $3.9B against $13.7M — 282.9× the size. Mondee Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Travel + Leisure Co. trades at 17.0×. Mondee Holdings, Inc. grew revenue faster over the last twelve months: 28.4% against 4.55%. Travel + Leisure Co. has the higher net margin (5.79% vs −40.7%) and the higher return on invested capital (8.30% vs −13.1%). Across the 15 metrics below, Travel + Leisure Co. leads on 10 and Mondee Holdings, Inc. on 5.

Valuation

Metric MOND TNL Travel Services median
P/E n/m 16.98 17.52
P/S n/m 0.97 2.24
P/B n/m n/m 2.61
Price to free cash flow n/m 8.77 12.40
EV/EBITDA n/m 14.17 12.77
EV/Sales 0.59 2.38 2.38
Earnings yield 0.00% 5.89% 3.30%
Free cash flow yield 0.00% 11.40% 3.22%

Profitability

Metric MOND TNL Travel Services median
Gross margin 100.00% 45.13% 67.64%
Operating margin (12.75%) 13.68% 15.06%
Net margin (40.72%) 5.79% 6.64%
Free cash flow margin (5.78%) 11.04% 3.21%
Return on equity 129.58% (25.31%) 7.53%
Return on assets (25.58%) 3.46% 3.40%
Return on invested capital (13.12%) 8.30% 4.65%

Growth

Metric MOND TNL Travel Services median
Revenue growth (TTM) 28.39% 4.55% 13.25%
EPS growth (last fiscal year) 26.19% (40.89%) —
Revenue growth, 5-year CAGR — 13.23% 28.66%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MOND TNL Travel Services median
Debt to equity 41.21 (5.60) 0.32
Current ratio 0.92 3.15 1.20
Net debt to EBITDA 28.57 7.64 1.07

Dividend

Metric MOND TNL Travel Services median
Dividend yield — 4.48% —
Payout ratio — 0.38 0.00

Size

Metric MOND TNL Travel Services median
Market cap 13.68m 3.87b 4.41b

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