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601888 CG​

China Tourism Group Duty Free Corporation Limited Class A(601888 CG)

$50.01+1.092.23%(Market Closed · 07:00:00 UTC · (15 min delay))

Overview

Profile

Financials & Metrics

FinancialsChartingEmployees

China Tourism Group Duty Free Corporation Limited Class A — Company Profile

China Tourism Group Duty Free Corporation Limited manages and operates tax-free retail establishments across China. Its core business encompasses both the wholesale distribution and direct sale of various duty-free commodities, such as alcoholic beverages, tobacco products, fragrances, and luxury items. Beyond this, the corporation actively participates in the travel retail sector and is involved in the investment and development of commercial property complexes. Established in 1954, with its headquarters situated in Beijing, China, the entity was formerly recognized as China International Travel Service Corporation Limited until it adopted its present name in June 2020. It operates as a key subsidiary of China Tourism Group Co., Ltd.

Exchange
CG
CEO
Zhujun Chang
Headquarters
Beijing, BE, CN
IPO Date
Oct 15, 2009
Employees
14,485
Website
www.ctgdutyfree.com.cn

Key Metrics

Price
$51.44
Market Cap
$100.44B
Revenue (TTM)
$10.69B
Net Income (TTM)
$736.17M
EPS (TTM)
0.37
P/E (TTM)
28.02
P/B (TTM)
1.73
Dividend Yield
1.62%
ROE (TTM)
4.05%
ROA (TTM)
2.74%
Operating Margin
15.55%
Beta
0.09

Dividends

Last Dividend
$0.25
Last Yield
0.02%

Summary

China Tourism Group Duty Free Corporation Limited manages and operates tax-free retail establishments across China. Its core business encompasses both the wholesale distribution and direct sale of various duty-free commodities, such as alcoholic beverages, tobacco products, fragrances, and luxury items. Beyond this, the corporation actively participates in the travel retail sector and is involved in the investment and development of commercial property complexes. Established in 1954, with its headquarters situated in Beijing, China, the entity was formerly recognized as China International Travel Service Corporation Limited until it adopted its present name in June 2020. It operates as a key subsidiary of China Tourism Group Co., Ltd.

Website
www.ctgdutyfree.com.cn
Location
Beijing, BE, CN
Phone86 10 8447 8866
Employees14,485
CEOZhujun Chang
IPO DateOct 15, 2009

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Key Stats

Trading

Px/Chg 1D$51.44 / +1.00%
Avg Volume34.51M
Beta0.09
Mkt Cap100.44B
FD Mkt Cap102.47B

Float

Shrs Out/Float1.95B / 1.03B
Short Float0.00%
Days to Cover0.00
Stock Repurchased$0.00

Current Valuation

EV80.40B
EV/EBITDA13.44
EV/Sales1.49
P/B1.73
P/S1.86
FCF Yield3.59%
ROE4.05%
ROA2.74%
Current Ratio4.20

Dividend

Cash$0.25
Yield1.62%
Yield (TTM)1.62%

Estimates

P/E28.02
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Mar '24Mar '25Mar '26Sep '26
PRICE-BASED RATIOS
Price / Earnings293.4474.1726.3229.871,200.40136.43
Price / Sales6.356.852.622.2610.609.40
Price / Book Value3.537.683.282.312.641.73
Price / Free Cash Flow13.32-58.2013.2618.6964.9727.86
ENTERPRISE VALUE METRICS
Enterprise Value164,050.3358,601.0154,873.8103,659.0122,715.580,402.0
Enterprise Value / Sales5.426.592.291.848.877.52
Enterprise Value / EBITDA54.6446.9919.6619.19102.5884.78
Enterprise Value / EBIT62.5548.6920.5920.70137.9684.78

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-5.6%67,675.554,432.967,540.156,473.853,693.6
Gross Income24.6%22,294.214,860.320,852.817,346.853,693.6
EBITDA-19.3%14,579.87,631.57,876.15,402.06,190.1
EBIT-22%14,344.17,364.77,520.45,006.75,307.5
Net Income-21.9%9,653.75,030.46,713.74,267.13,585.8
EPS (Diluted)-23.1%4.942.533.252.061.73
BALANCE SHEET
Cash & ST Inv19%16,856.226,891.731,838.435,518.133,781.2
Total Assets7.8%55,473.775,907.678,869.476,260.474,982.9
Total Liabilities-9.5%20,682.321,780.219,687.815,312.013,857.3
Total Shareholder Equity17%29,618.848,573.453,833.955,096.755,469.3
CASH FLOW
Net Operating Cash Flow-7.6%8,328.8-3,415.215,116.07,939.36,058.6
Cap Ex-12.3%-2,154.8-2,995.4-1,801.6-1,119.0-1,273.1
Free Cash Flow-6.2%6,174.0-6,410.613,324.86,820.34,785.5

Enterprise Value Bridge

Millions CNY23 Oct '26
Price (As of 23 Oct '26)48.76
Basic Shares1,952.48
Market Cap95,202.7
Diluted Shares1,999.92
Fully Diluted Shares Outstanding1,999.92
Fully Diluted Market Cap97,516.3
+Consolidated Debt9,475.2
−In-the-Money Convertible Debt—
+Capital Leases4,231.7
+Operating Leases—
−Cash & Equivalents-35,287.3
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest5,778.8
+Pension Liabilities—
Enterprise Value75,169.4

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