Tuniu Corporation (TOUR) vs Yatra Online, Inc. (YTRA)

Tuniu Corporation and Yatra Online, Inc. are both Travel Services companies. Yatra Online, Inc. is the larger, with a market value of $65.9M against $49.0M — 1.3× the size. Yatra Online, Inc. has negative trailing earnings, so its P/E is not meaningful; Tuniu Corporation trades at 14.8×. Tuniu Corporation grew revenue faster over the last twelve months: 17.5% against −2.13%. Tuniu Corporation has the higher net margin (3.75% vs −2.66%) and the higher return on invested capital (0.00% vs −1.54%). Across the 18 metrics below, Tuniu Corporation leads on 14 and Yatra Online, Inc. on 4.

Valuation

Metric TOUR YTRA Travel Services median
P/E 14.76 n/m 17.52
P/S 0.62 0.62 2.24
P/B 0.43 0.72 2.61
Price to free cash flow 11.60 n/m 12.40
EV/EBITDA n/m n/m 12.77
EV/Sales (1.02) 0.53 2.38
Earnings yield 6.78% (4.36%) 3.30%
Free cash flow yield 8.62% (45.71%) 3.22%

Profitability

Metric TOUR YTRA Travel Services median
Gross margin 55.28% 100.00% 67.64%
Operating margin 0.76% (1.91%) 15.06%
Net margin 3.75% (2.66%) 6.64%
Free cash flow margin 0.00% (15.48%) 3.21%
Return on equity 2.51% (3.05%) 7.53%
Return on assets 1.38% (1.84%) 3.40%
Return on invested capital 0.00% (1.54%) 4.65%

Growth

Metric TOUR YTRA Travel Services median
Revenue growth (TTM) 17.47% (2.13%) 13.25%
EPS growth (last fiscal year) (66.67%) (100.00%) —
Revenue growth, 5-year CAGR 3.67% 43.93% 28.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TOUR YTRA Travel Services median
Debt to equity 0.00 0.17 0.32
Current ratio 1.94 2.24 1.20
Net debt to EBITDA (51.59) (5.65) 1.07

Dividend

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

Size

Metric TOUR YTRA Travel Services median
Market cap 49.03m 65.85m 4.41b

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