NextTrip, Inc. (NTRP) vs Tuniu Corporation (TOUR)

NextTrip, Inc. and Tuniu Corporation are both Travel Services companies. Tuniu Corporation is the larger, with a market value of $49.0M against $28.2M — 1.7× the size. NextTrip, Inc. has negative trailing earnings, so its P/E is not meaningful; Tuniu Corporation trades at 14.8×. NextTrip, Inc. grew revenue faster over the last twelve months: 1,013.9% against 17.5%. Tuniu Corporation has the higher net margin (3.75% vs −295.8%) and the higher return on invested capital (0.00% vs −218.3%). Across the 18 metrics below, Tuniu Corporation leads on 15 and NextTrip, Inc. on 3.

Valuation

Metric NTRP TOUR Travel Services median
P/E n/m 14.76 17.52
P/S 5.50 0.62 2.24
P/B 5.64 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 5.35 (1.02) 2.38
Earnings yield (73.06%) 6.78% 3.30%
Free cash flow yield (26.30%) 8.62% 3.22%

Profitability

Metric NTRP TOUR Travel Services median
Gross margin 16.34% 55.28% 67.64%
Operating margin (291.14%) 0.76% 15.06%
Net margin (295.75%) 3.75% 6.64%
Free cash flow margin (140.64%) 0.00% 3.21%
Return on equity (257.21%) 2.51% 7.53%
Return on assets (127.79%) 1.38% 3.40%
Return on invested capital (218.29%) 0.00% 4.65%

Growth

Metric NTRP TOUR Travel Services median
Revenue growth (TTM) 1,013.93% 17.47% 13.25%
EPS growth (last fiscal year) 18.39% (66.67%) —
Revenue growth, 5-year CAGR 17.60% 3.67% 28.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NTRP TOUR Travel Services median
Debt to equity 0.02 0.00 0.32
Current ratio 0.61 1.94 1.20
Net debt to EBITDA 0.11 (51.59) 1.07

Dividend

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

Size

Metric NTRP TOUR Travel Services median
Market cap 28.21m 49.03m 4.41b

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