CTRP

Ctrip.com International Ltd.

TMT


Presented:11/13/2013
Price:$25.00
Cap:$6.49B
Current Price:$58.02
Cap:$37.37B

Presented

Date11/13/2013
Price$25.00
Market Cap$6.49B
Ent Value$5.81B
P/E Ratio62.89x
Book Value$5.00
Div YieldN/A
Shares O/S259.54M
Ave Daily Vol5,080,000
Short Int6.69%

Current

Price$58.02
Market Cap$37.37B
Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for hotel accommodations, airline tickets, packaged tours, and corporate travel management in the People’s Republic of China. It also offers independent leisure travelers bundled packaged-tour products, including group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving. In addition, the company provides integrated transportation and accommodation services; various value-added services consisting of car rental, insurance, Visa services, tour guides, transportation at destinations, and tickets; and supplier management and customer relationship management services. Further, it offers Internet-related advertising, aviation casualty insurance, and air-ticket delivery services; and sells Property Management System, a hotel information software, as well as provides related maintenance services. Ctrip.com International, Ltd. was founded in 1999 and is headquartered in Shanghai, the People’s Republic of China.

Please note, this stock split on 12/02/2015 at a ratio of 2/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $49.99.

Highlights

The presenter is long shares of Ctrip.com (CTRP) because he believes the company is the best positioned to capitalize on the fast growing Asian leisure and corporate travel market, and the transition to mobile/ online booking. He sees CTRP continuing to grow rapidly, with margin improvement and accelerating EPS that could surprise the Street. The stock could be worth as much as $69, which is 25x his estimated 2015 EPS.

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Idea Discussion

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