Mondee Holdings, Inc. (MOND) vs Tuniu Corporation (TOUR)

Mondee Holdings, Inc. and Tuniu Corporation are both Travel Services companies. Tuniu Corporation is the larger, with a market value of $49.0M against $13.7M — 3.6× the size. Mondee Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Tuniu Corporation trades at 14.8×. Mondee Holdings, Inc. grew revenue faster over the last twelve months: 28.4% against 17.5%. Tuniu Corporation has the higher net margin (3.75% vs −40.7%) and the higher return on invested capital (0.00% vs −13.1%). Across the 15 metrics below, Tuniu Corporation leads on 11 and Mondee Holdings, Inc. on 4.

Valuation

Metric MOND TOUR Travel Services median
P/E n/m 14.76 17.52
P/S n/m 0.62 2.24
P/B n/m 0.43 2.61
Price to free cash flow n/m 11.60 12.40
EV/EBITDA n/m n/m 12.77
EV/Sales 0.59 (1.02) 2.38
Earnings yield 0.00% 6.78% 3.30%
Free cash flow yield 0.00% 8.62% 3.22%

Profitability

Metric MOND TOUR Travel Services median
Gross margin 100.00% 55.28% 67.64%
Operating margin (12.75%) 0.76% 15.06%
Net margin (40.72%) 3.75% 6.64%
Free cash flow margin (5.78%) 0.00% 3.21%
Return on equity 129.58% 2.51% 7.53%
Return on assets (25.58%) 1.38% 3.40%
Return on invested capital (13.12%) 0.00% 4.65%

Growth

Metric MOND TOUR Travel Services median
Revenue growth (TTM) 28.39% 17.47% 13.25%
EPS growth (last fiscal year) 26.19% (66.67%) —
Revenue growth, 5-year CAGR — 3.67% 28.66%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MOND TOUR Travel Services median
Debt to equity 41.21 0.00 0.32
Current ratio 0.92 1.94 1.20
Net debt to EBITDA 28.57 (51.59) 1.07

Dividend

Metric MOND TOUR Travel Services median
Dividend yield — — —
Payout ratio — 0.00 0.00

Size

Metric MOND TOUR Travel Services median
Market cap 13.68m 49.03m 4.41b

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