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TravelSky Technology
(0696)
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Rating:74Outperform
Price Target:
HK$10.50
â–˛(15.38% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by strong financial quality (high profitability and a conservatively levered balance sheet) and supportive valuation (low P/E with a solid dividend yield). These positives are tempered by a neutral technical picture and fundamental watch-outs around the 2025 revenue decline and historically volatile free cash flow.
Positive Factors
Low Leverage
Very low leverage gives TravelSky financial resilience and flexibility. The company can support platform investment, absorb periods of weaker travel demand, and fund operations without relying heavily on borrowing, while healthy returns on equity indicate productive use of its capital.
Negative Factors
Revenue Contraction
The shift from strong growth to a 2025 revenue decline signals that expansion has become inconsistent. If weaker top-line momentum persists, it could limit operating leverage, reduce funds available for platform investment, and eventually pressure earnings growth despite strong margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage gives TravelSky financial resilience and flexibility. The company can support platform investment, absorb periods of weaker travel demand, and fund operations without relying heavily on borrowing, while healthy returns on equity indicate productive use of its capital.
Read all positive factors
TravelSky Technology (0696) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$26.85B
Dividend Yield3.46%
Average Volume (3M)2.87M
Price to Earnings (P/E)9.3
Beta (1Y)0.77
Revenue Growth6.92%
EPS Growth17.91%
CountryHK
Employees6,901
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.84
Shares Outstanding932,562,000
10 Day Avg. Volume3,138,545
30 Day Avg. Volume2,867,351
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)1.13
Price to Sales (P/S)3.08
P/FCF Ratio12.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$12.44Price Target Upside36.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.84
Revenue Forecast (FY)HK$9.33B
TravelSky Technology Business Overview & Revenue Model
Company Description
TravelSky Technology Limited, established in Beijing, China, in 1979, specializes in providing comprehensive information technology services to the aviation and travel sectors across the People's Republic of China. The company's principal offering...
How the Company Makes Money
TravelSky generates revenue primarily by operating mission-critical transaction and IT platforms for airline and travel customers and charging for their usage and ongoing support. Key revenue streams typically include: (1) Aviation IT services and...
TravelSky Technology Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.98B | 8.77B | 8.82B | 6.98B | 5.21B | 5.48B |
| Gross Profit | 4.70B | 4.46B | 4.51B | 6.33B | 2.12B | 2.16B |
| EBITDA | 3.28B | 3.15B | 3.64B | 2.63B | 1.35B | 1.54B |
| Net Income | 2.44B | 2.34B | 2.07B | 1.40B | 627.05M | 551.30M |
Balance Sheet | ||||||
| Total Assets | 34.95B | 33.20B | 29.69B | 27.50B | 25.24B | 24.11B |
| Cash, Cash Equivalents and Short-Term Investments | 14.88B | 13.48B | 12.77B | 10.87B | 10.92B | 10.35B |
| Total Debt | 1.24B | 2.06B | 1.45B | 1.11B | 374.47M | 62.25M |
| Total Liabilities | 9.26B | 8.57B | 6.80B | 6.48B | 5.50B | 4.88B |
| Stockholders Equity | 25.03B | 23.99B | 22.30B | 20.47B | 19.23B | 18.76B |
Cash Flow | ||||||
| Free Cash Flow | 3.51B | 2.14B | 2.17B | -390.47M | 1.04B | 2.46B |
| Operating Cash Flow | 4.16B | 2.96B | 2.53B | 137.43M | 1.34B | 2.94B |
| Investing Cash Flow | -779.04M | -2.93B | 893.67M | -796.24M | -142.23M | -796.76M |
| Financing Cash Flow | -1.28B | -498.83M | -196.81M | 449.45M | -97.55M | -165.57M |
TravelSky Technology Technical Analysis
Neutral
9.10
Price Trends
8.83
Positive
8.60
Positive
9.21
Negative
Market Momentum
0.08
Positive
51.27
Neutral
44.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0696, the sentiment is Neutral. The current price of 9.1 is above the 20-day moving average (MA) of 9.03, above the 50-day MA of 8.83, and below the 200-day MA of 9.21, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 51.27 is Neutral, neither overbought nor oversold. The STOCH value of 44.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0696.
TravelSky Technology Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$26.85B | 9.27 | 9.94% | 3.46% | 6.92% | 17.91% | |
68 Neutral | HK$417.33M | 7.96 | 1.79% | 10.05% | -6.58% | -71.22% | |
62 Neutral | HK$504.27M | 5.47 | 6.36% | 4.56% | 8.36% | 286.36% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$240.83M | -0.77 | -14.17% | 13.93% | -7.04% | -163.40% | |
53 Neutral | HK$3.25B | -40.63 | -0.96% | 1.85% | 16.16% | 83.77% | |
47 Neutral | HK$8.72B | 19.23 | 2.97% | 1.44% | 3.18% | -31.38% |
* Technology Sector Average
HK:0696
TravelSky Technology
9.18
-0.67
-6.79%
HK:0354
Chinasoft International
3.23
-2.53
-43.99%
HK:0861
Digital China Holdings
1.95
-0.99
-33.72%
HK:1075
Capinfo Co., Ltd. Class H
1.74
-0.98
-35.96%
HK:1522
BII Railway Transportation Technology Holdings Co., Ltd.
0.20
-0.14
-40.95%
HK:1900
China ITS Holdings Co., Ltd.
0.14
-0.20
-59.42%
TravelSky Technology Corporate Events
TravelSky expands Jiaxing data center capacity under connected tenancy
Aug 31, 2026
TravelSky Technology has signed a second supplemental agreement with connected party CTCD to lease additional racks in the 3FM2 server room of the Intelligent Computing Module at Jiaxing Data Center, effective from 1 September 2026 to 30 April 202...
TravelSky Updates Registered Address and Business License in Beijing
Aug 25, 2026
TravelSky Technology Limited has updated its registered address in Beijing, completing the required business registration procedures and obtaining a renewed business license from the Beijing Municipal Administration for Market Regulation. The comp...
TravelSky Posts Higher Mid‑Year Profit on Rising Revenue and Lower Impairments
Aug 24, 2026
TravelSky Technology reported unaudited interim results for the six months ended June 30, 2026, showing total operating income of RMB 4.11 billion, up from RMB 3.89 billion a year earlier. Operating profit rose to RMB 1.74 billion from RMB 1.69 bi...
TravelSky Strengthens Governance With New Strategy and Compliance Committee Appointment
Aug 24, 2026
TravelSky Technology Limited has appointed non-executive director Zeng Yongchao as a member of its Strategy and Investment Committee, which also functions as the Legal Compliance Committee. His committee term will run concurrently with his directo...
TravelSky Details Board Composition and Governance Committees
Aug 24, 2026
TravelSky Technology Limited has outlined the current composition of its board of directors, led by chairman and executive director Jiang Bo, and including an employee representative director, non-executive directors, and several independent non-e...
TravelSky Sets Board Meeting to Approve 2026 Interim Results
Aug 10, 2026
TravelSky Technology has scheduled a board meeting for 24 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The meeting underscores the company’s regular financial reporting cycle and will...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.