WallStSmart

Booking Holdings Inc (BKNG)vsTrip.com Group Ltd ADR (TCOM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Trip.com Group Ltd ADR generates 129% more annual revenue ($64.79B vs $28.24B). TCOM leads profitability with a 48.6% profit margin vs 25.5%. BKNG appears more attractively valued with a PEG of 0.64. BKNG earns a higher WallStSmart Score of 76/100 (B+).

BKNG

Strong Buy

76

out of 100

Grade: B+

Growth: 8.0Profit: 10.0Value: 6.7Quality: 7.5
Piotroski: 4/9Altman Z: 4.05

TCOM

Strong Buy

69

out of 100

Grade: B-

Growth: 6.7Profit: 8.0Value: 8.0Quality: 7.5
Piotroski: 5/9Altman Z: 2.39
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKNGUndervalued (+7.8%)

Margin of Safety

+7.8%

Fair Value

$188.59

Current Price

$173.92

$14.67 discount

UndervaluedFair: $188.59Overvalued
TCOMUndervalued (+89.3%)

Margin of Safety

+89.3%

Fair Value

$366.27

Current Price

$39.02

$327.25 discount

UndervaluedFair: $366.27Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BKNG6 strengths · Avg: 9.8/10
Return on EquityProfitability
225.7%10/10

Every $100 of equity generates 226 in profit

Operating MarginProfitability
34.4%10/10

Strong operational efficiency at 34.4%

EPS GrowthGrowth
130.0%10/10

Earnings expanding 130.0% YoY

Debt/EquityHealth
-1.9210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.0510/10

Safe zone — low bankruptcy risk

Market CapQuality
$130.68B9/10

Large-cap with strong market position

TCOM6 strengths · Avg: 9.5/10
P/E RatioValuation
5.8x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
48.6%10/10

Keeps 49 of every $100 in revenue as profit

Free Cash FlowQuality
$13.58B10/10

Generating 13.6B in free cash flow

Debt/EquityHealth
0.199/10

Conservative balance sheet, low leverage

Operating MarginProfitability
24.3%8/10

Strong operational efficiency at 24.3%

Areas to Watch

BKNG0 concerns · Avg: 0/10

No major concerns identified

TCOM2 concerns · Avg: 3.0/10
PEG RatioValuation
2.384/10

Expensive relative to growth rate

EPS GrowthGrowth
-39.7%2/10

Earnings declined 39.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : BKNG

The strongest argument for BKNG centers on Return on Equity, Operating Margin, EPS Growth. Profitability is solid with margins at 25.5% and operating margin at 34.4%. PEG of 0.64 suggests the stock is reasonably priced for its growth.

Bull Case : TCOM

The strongest argument for TCOM centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 48.6% and operating margin at 24.3%. Revenue growth of 17.2% demonstrates continued momentum.

Bear Case : BKNG

No major red flags identified for BKNG, but monitor valuation.

Bear Case : TCOM

The primary concerns for TCOM are PEG Ratio, EPS Growth.

Key Dynamics to Monitor

BKNG profiles as a mature stock while TCOM is a growth play — different risk/reward profiles.

BKNG carries more volatility with a beta of 1.07 — expect wider price swings.

TCOM is growing revenue faster at 17.2% — sustainability is the question.

TCOM generates stronger free cash flow (13.6B), providing more financial flexibility.

Bottom Line

BKNG scores higher overall (76/100 vs 69/100), backed by strong 25.5% margins. TCOM offers better value entry with a 89.3% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Booking Holdings Inc

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Booking Holdings Inc. is an American travel technology company organized in Delaware and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable.

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Trip.com Group Ltd ADR

CONSUMER CYCLICAL · TRAVEL SERVICES · China

Trip.com Group Limited is a travel service provider for accommodation booking, transportation ticketing, destination and package tours, corporate travel management and other travel-related services in China and internationally. The company is headquartered in Shanghai, the People's Republic of China.

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