On May 16, online Chinese travel specialist and Motley Fool Hidden Gems pick Ctrip.com International
- Fly on over to our earnings take to see why Ctrip.com makes the A-List.
- Net revenues increased by 54.5% to $30.1 million, thanks to a 40% increase in sales from hotel reservations and a 64% increase in air ticket sales.
- Margins took a hit as a result of higher cost of services associated with packaged tours and air ticketing.
- Next quarter, the company is not letting go of the gas; they're expecting a 35% year-over-year increase in revenue. The company also recently launched a limousine service in 11 Chinese cities, which should continue to pump more dollars into the business.
- Ctrip.com holds the highest CAPS rating, five stars, putting it even with Chinese competitor eLong
(NASDAQ:LONG) . Expedia(NASDAQ:EXPE) , another company that has a share of the Asian online travel business, holds a four-star rating. While Ctrip.com doesn't beat eLong in CAPS, its numbers for this past quarter do.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Net Sales |
$30,067.3 |
$19,463.0 |
54.5% |
|
Net Profit |
$8,406.1 |
$6,038.3 |
39.2% |
|
EPS |
$0.25 |
$0.18 |
38.9% |
|
Diluted Shares |
33,742.4 |
32,815.6 |
2.8% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
79.1% |
82.0% |
(2.9) |
|
Operating Margin |
30.6% |
32.0% |
(1.3) |
|
Net Margin |
28.0% |
31.0% |
(3.1) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$111,221.8 |
$98,223.5 |
13.2% |
|
Accounts Rec. |
$25,722.7 |
$12,018.5 |
114.0% |
|
Inventory |
N/A |
N/A |
N/A |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$27,259.6 |
$9,806.6 |
178.0% |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Ctrip.com must have left on a jet plane, because it forgot to include a cash flow statement in the press release.
Related Foolishness:
- Ctrip's on the A-List
- It's Time to Go Global
- Fool on Call: Boarding Call for Ctrip
- eLong Comes Up Short
If small-cap investing is your boarding call, try a free 30-day trial of Motley Fool Hidden Gems.
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