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Established in 1984, China Tourism Group Duty Free is China’s largest and the world’s second-largest travel retailer in 2024 with revenue of CNY 56.5 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 30 provinces in China, as well as overseas. The company also operates a duty-paid business and its 2024 revenue mix comprised 69% duty-free sales and 31% duty-paid sales and others. CTG Duty Free is 50.3% owned by China Tourism Group, a state-owned enterprise that falls directly under the state-owned Asset Supervision and Administration Commission of the State Council.
2008
16.0K+
LTM Revenue $8.1B
LTM EBITDA $961M
$12.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
China Tourism Group Duty has a last 12-month revenue (LTM) of $8.1B and a last 12-month EBITDA of $961M.
In the most recent fiscal year, China Tourism Group Duty achieved revenue of $7.8B and an EBITDA of $1.1B.
China Tourism Group Duty expects next 12-month revenue of XXX and NTM EBITDA of XXX
See China Tourism Group Duty valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $8.1B | XXX | $7.8B | XXX | XXX | XXX |
| Gross Profit | $2.6B | XXX | $2.5B | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $961M | XXX | $1.1B | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 14% | XXX | XXX | XXX |
| EBIT | $865M | XXX | $820M | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $627M | XXX | $592M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, China Tourism Group Duty's stock price is CNY 60 (or $8).
China Tourism Group Duty has current market cap of CNY 124B (or $17.2B), and EV of CNY 90.6B (or $12.6B).
See China Tourism Group Duty trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12.6B | $17.2B | XXX | XXX | XXX | XXX | $0.30 |
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Start Free TrialAs of May 30, 2025, China Tourism Group Duty has market cap of $17.2B and EV of $12.6B.
China Tourism Group Duty's trades at 1.6x EV/Revenue multiple, and 11.8x EV/EBITDA.
Equity research analysts estimate China Tourism Group Duty's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Tourism Group Duty has a P/E ratio of 27.4x.
See valuation multiples for China Tourism Group Duty and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $17.2B | XXX | $17.2B | XXX | XXX | XXX |
| EV (current) | $12.6B | XXX | $12.6B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 13.1x | XXX | 11.8x | XXX | XXX | XXX |
| EV/EBIT | 14.5x | XXX | 15.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 27.4x | XXX | 29.0x | XXX | XXX | XXX |
| EV/FCF | 13.3x | XXX | 13.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialChina Tourism Group Duty's last 12 month revenue growth is 8%
China Tourism Group Duty's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
China Tourism Group Duty's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Tourism Group Duty's rule of X is 32% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for China Tourism Group Duty and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | -15% | XXX | XXX | XXX |
| Rule of 40 | 23% | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 22% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| Lulu Retail | XXX | XXX | XXX | XXX | XXX | XXX |
| Envela | XXX | XXX | XXX | XXX | XXX | XXX |
| Adairs | XXX | XXX | XXX | XXX | XXX | XXX |
| Eagers Automotive | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
China Tourism Group Duty acquired XXX companies to date.
Last acquisition by China Tourism Group Duty was XXXXXXXX, XXXXX XXXXX XXXXXX . China Tourism Group Duty acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was China Tourism Group Duty founded? | China Tourism Group Duty was founded in 2008. |
| Where is China Tourism Group Duty headquartered? | China Tourism Group Duty is headquartered in China. |
| How many employees does China Tourism Group Duty have? | As of today, China Tourism Group Duty has 16.0K+ employees. |
| Is China Tourism Group Duty publicy listed? | Yes, China Tourism Group Duty is a public company listed on SHG. |
| What is the stock symbol of China Tourism Group Duty? | China Tourism Group Duty trades under 601888 ticker. |
| When did China Tourism Group Duty go public? | China Tourism Group Duty went public in 2009. |
| Who are competitors of China Tourism Group Duty? | Similar companies to China Tourism Group Duty include e.g. ADNOC, Lulu Retail, Envela, Adairs. |
| What is the current market cap of China Tourism Group Duty? | China Tourism Group Duty's current market cap is $17.2B |
| What is the current revenue of China Tourism Group Duty? | China Tourism Group Duty's last 12 months revenue is $8.1B. |
| What is the current revenue growth of China Tourism Group Duty? | China Tourism Group Duty revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of China Tourism Group Duty? | Current revenue multiple of China Tourism Group Duty is 1.6x. |
| Is China Tourism Group Duty profitable? | Yes, China Tourism Group Duty is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Tourism Group Duty? | China Tourism Group Duty's last 12 months EBITDA is $961M. |
| What is China Tourism Group Duty's EBITDA margin? | China Tourism Group Duty's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of China Tourism Group Duty? | Current EBITDA multiple of China Tourism Group Duty is 13.1x. |
| What is the current FCF of China Tourism Group Duty? | China Tourism Group Duty's last 12 months FCF is $945M. |
| What is China Tourism Group Duty's FCF margin? | China Tourism Group Duty's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of China Tourism Group Duty? | Current FCF multiple of China Tourism Group Duty is 13.3x. |
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