ease my trip stock split

• Easy Trip Planners Share Price

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Easy trip planners rises over 6% as firm announces stock split, bonus issue.

“The Board at its meeting held today i.e., 10th October 2022, has inter-alia, considered and approved sub-division/split of each existing equity share of the face value of Rs 2 into two equity shares of the face value of Re 1 fully paid-up, and the issue of three bonus equity shares for every one fully paid-up equity share,” the company said in a BSE filing.

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Easy Trip Planners surges 20% as stock turns ex-date for split, bonus issue

The stock turned ex-date for 3:1 bonus issue, and 1:1 stock split.

The promoter family, which holds 100 per cent, is looking to offload 25 per cent stake through the share sale.

Easy Trip Planners surges 8% on bonus issue, stock split plan

Bajaj finserv gains 4% as board to consider bonus, stock split plan, how to plan a holiday trip here's what you need to know before travelling, nykaa tumbles 7% on heavy volumes; stock trades ex-bonus for 5:1 issue, how will ey's split shake up the sector, top headlines: cdsl malware attack, removal of penal offences from gst law, stocks to watch: tata motors, pb fintech, zomato, archean chemical, metals, market live: sensex sheds 500pts, nifty50 below 18,200; ril, itc drop 1%, should investors be worried about the recent correction, sovereign investors favour us, india as top 2022 investment markets: study.

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First Published: Nov 21 2022 | 9:51 AM IST

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• More Price history P/E ratio P/S ratio P/B ratio Operating Margin EPS Dividends Dividend yield Shares outstanding Total assets Total liabilities Total debt Cash on Hand Net Assets

Stock split history for EaseMyTrip (EASEMYTRIP.NS)

EaseMyTrip stock (symbol: EASEMYTRIP.NS) underwent a total of 3 stock splits. The most recent stock split occurred on November 21st, 2022. One EASEMYTRIP.NS share bought prior to February 24th, 2022 would equal to 16 EASEMYTRIP.NS shares today.

Stock split list

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EaseMyTrip Rises 17% As Shares Trade Ex-Split, Ex-Bonus; Key Things Investors Should Know

Curated By : Aparna Deb

Last Updated: November 21, 2022, 13:43 IST

New Delhi, India

EaseMyTrip Shares are trading ex-bonus

EaseMyTrip Bonus Shares: EaseMyTrip Shares are trading ex-bonus. Key details investors should know

EaseMyTrip Bonus Shares: EaseMyTrip Shares are trading ex-bonus. The board of directors of the company fixed 22nd November 2022 as the record date to finalize eligible beneficiaries for the issuance of bonus shares and stock subdivision. Ahead of record date for stock split and bonus shares, EaseMyTrip share price shot up nearly 17 per cent in opening deals on Monday. EaseMyTrip share price today opened upside and went on to hit intraday high of Rs 57.30 apiece levels, logging to the tune of 17 per cent upside within few minutes of the stock market’s opening bell today.

The company’s board had approved and declared bonus shares in 3:1 ratio along with stock split in the ratio of 1:2.

In one of its latest stock market exchange communication, EaseMyTrip said, “This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, November 22, 2022 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for the following matters subject to the shareholders’ approval to be obtained through postal ballot on Thursday, November 10, 2022: 1. Sub division/Split of each existing equity share of face value of Rs. 2/- (Rupees Two only) into 2 equity shares of face value of Rs. 1/- (Rupee One Only) fully paid- up. 2. Issue of Bonus Equity Shares of the Company in the proportion of (Three) Equity Share of Rs 1/- each for every (One) existing Equity Share of Rs 1/- each.”

This is for the second occasion in 2022 when EaseMyTrip shares are trading ex-bonus. In February 2022, EaseMyTrip shares had traded ex-bonus for issuance of 1:1 bonus shares.

EaseMyTrip Stock Split

A stock split increases the number of shares that are outstanding by issuing more shares to the current shareholders. Stock split decreases the market price of the individual shares, however, does not result in changing the market capitalization of the company.

A company engages in stock split decision to make its stock more affordable if its price levels are very high, which in thus would lead to increase in liquidity in the stock. Meanwhile, bonus shares are fully paid additional shares issued by a company to its existing shareholders.

One of the largest online travel platforms in India, EaseMyTrip, has reported a record Q2FY23 Gross Booking Revenue (GBR) of Rs 1,977.7 Crores, the highest ever in any quarter.

Manoj Dalmia Founder and Director-Proficient Equities Limited, said: “EaseMyTrip company’s board has approved and declared bonus shares in 3:1 ratio along with stock split in the ratio of 1:2. Record date as being of November 22, investors can buy it with long term perspective as the travel sectors is to pick up in upcoming quarters.”

On a consolidated basis, the company has reported revenue from operations of Rs 108.5 crore in Q2FY23 compared to Rs 56.65 crore posted in Q2FY22, representing a YoY gain of 91.52 per cent. The company reported a net income of Rs 112.07 crore in Q2FY23 compared to Rs 59.78 crore posted in Q2FY22, representing a YoY gain of 87.5 per cent. “Strong GMV bookings by EaseMyTrip incentivizes on the huge pent-up demand post-COVID and growth opportunities within the industry,” said EasyMyTrip in a note.

Read all the Latest Business News here

• SECTOR : DIVERSIFIED CONSUMER SERVICES
• INDUSTRY : TRAVEL SUPPORT SERVICES
• EASY TRIP PLANNERS LTD.

Easy Trip Planners Ltd.

NSE: EASEMYTRIP | BSE: 543272

Expensive Performer

42.52 -0.09 ( -0.21 %)

52W Low on Aug 23, 2023

6.2M NSE+BSE Volume

NSE 25 Jun, 2024 3:31 PM (IST)

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Below industry Median

TTM PE Ratio

High in industry

TTM PEG Ratio

PEG TTM is negative

Price to Book Ratio

Very Low volatility

Split history for Easy Trip Planners Ltd.

Easy trip planners ltd. has split the face value 1 time since nov. 21, 2022. easy trip planners ltd. had last split the face value of its shares from ₹2 to ₹1 in 2022.the share has been quoting on an ex-split basis from nov. 21, 2022..

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+183.45 (+0.78%)

+712.44 (+0.92%)

Easy Trip Planners Ltd.

BSE: 543272 | NSE: EASEMYTRIP | Represents Equity.Intra - day transactions are permissible and normal trading is done in this category Series: EQ | ISIN: INE07O001026 | SECTOR: Travel Services Travel Services

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Prev. Close

42.52 (3693)

Splits Summary

Easy Trip Planners had last split the face value of its shares from Rs 2 to Rs 1 in 2022. The share has been quoting on an ex-split basis from November 21, 2022.

Splits History (Easy Trip Planners)

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Easy Trip Split History From 2021 to 2024

• 1: Easy Trip Split History Table From 2021 to 2024
• 2: How Many Times Easy Trip Share Split?

The most recent share split of Easy Trip occurred 2 years ago with ex-split date of Mon, 21 Nov 2022. Easy Trip has given split 1 times in the past, you can find its complete split history in below table.

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Easy Trip Split History Table From 2021 to 2024

How many times easy trip share split.

In the past 3 years, Easy Trip share has been split 1 times. If you had purchased 1 share in 2021 then by 2024 after 1 splits your 1 share would be converted to 2 shares.

• Easy Trip Share Price History
• Easy Trip Price Target Tomorrow
• Easy Trip Price Long Term Target
• Easy Trip Dividend History
• Easy Trip Bonus History

Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

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Travel Stock fixes record date for stock split and bonus issue; Check the details

by Trade Brains | Nov 14, 2022 | 12:00 pm | News , Trending News | 0 comments

Leading travel services provider Easy Trip Planners has announced Tuesday, November 22, 2022, as the record date for a stock split and the issue of bonus shares. Its shares were trading at ₹ 407.70 apiece at 11:35 AM on Monday. 

Rationale behind the split and bonus 

Easy Trip Planners mentioned in an exchange filing that over the years, the company and its subsidiaries have grown significantly, in terms of business and performance and this is reflected in the company’s share price. 

An increase in the company’s share price would make it increasingly difficult for small potential shareholders to partake in the company’s future. Keeping with the spirit of inclusion and in order to reward the shareholders, its board of directors on October 11 announced these corporate actions. However, the record date was not announced at that time. 

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Bonus Issue 

The board of directors of Ease My Trip have approved the issue of 3 bonus equity shares for every 1 fully paid-up equity share, or a 3:1 bonus issue. These shares will be issued out of the free reserves of the company, available as at March 31, 2022. The company requires 130.47 crores for the issue, but it has ₹ 196.31 crores in its free reserves as of March 31. 

It has proposed to issue 1,30,37,40,000 at a face value of ₹1 (post-considering the split of shares into 1:1 subject to shareholders’ approval) or 65,18,70,000 at a face value of 2 (Pre-Split). The company informed the exchanges that these bonus shares would be credited/ dispatched within 2 months from the date of approval by the Board, i.e., by December 08, 2022. 

Stock Split 

In addition to a bonus issue, the company has announced the subdivision of the existing equity shares of a face value of ₹ 2 each into two shares of a face value of ₹ 1 each. This split will be completed on or before December 08, 2022, subject to necessary approvals. 

Ease My Trip started its operations in 2008 as a B2B2C (business to business to customer) distribution channel. The company provides end-to-end travel solutions, including airline tickets, hotel and holiday packages, rail tickets, bus tickets, and taxis. In addition, it provides value-added services such as travel insurance, visa processing and tickets for activities and attractions. 

Written by Simran Bafna 

The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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Easy Trip Planners announces stock split and 3 for 1 bonus issue

Easy trip planners said it would credit/dispatch bonus shares within two months from the date of board approval i.e. by december 8. after the news of the stock split and bonus issues, the shares of the travel company rose close to 2 percent on the bse on monday..

Stock splits make Nvidia and Chipotle shares more affordable. Should you buy them?

Stock splits are hot with companies like Walmart , Nvidia and Chipotle , each announcing one this year so more people can afford to buy their shares. But should you?

It depends on whom you ask.

Some analysts say stocks that split tend to outperform the broad market Standard & Poor’s 500 index in the 12 months following the split announcement. Others say a stock split isn't a reliable indicator of whether a stock's value will increase or decrease over time.

It's not necessarily the split that makes the stock's price rise, said Peter Ricchiuti, senior professor of practice at Tulane University’s Freeman School of Business. “Stocks splitting are companies that are doing very well so it’s natural the stock will continue to go up,” he said.

How do stock splits work?

There are two kinds of stock splits:

• Forward splits decrease the share price and proportionately increase the number of shares outstanding. They usually occur in ratios. For example, a 2-for-1 stock split means a shareholder would own double the number of shares, each worth half as much, so your investment value remains the same.

When people talk about “stock splits,” they’re typically referring to these. They’ve dominated this year, with Nvidia, Broadcom, Walmart, Chipotle and William Sonoma among them.

• Reverse splits increase the share price and proportionately reduce the number of shares outstanding, so your investment is unchanged. For example, in a one-for-four reverse split, every four shares become one post-split and is priced four times higher.

What does performance data show for stocks that split?

Splits have generally been bullish for companies that have them, with average one-year returns from the date of the split announcement of 25%, or double the broad market, Jared Woodard, Bank of America investment and ETF strategist, said.

“Splits have boosted returns in every decade including the early 2000s when the S&P 500 struggled,” he said in a report.

Other analysts say shares generally only benefit briefly off the news of a split, rather than over time.

“Stock splits appear to exhibit behavior that would encourage investors to 'buy the announcement, sell the split' as after splits took effect, no pattern of outperformance was visible,” said George Smith, portfolio strategist at LPL Financial.

Smith cited a Goldman Sachs examination of 45 splits of Russell 1000 stocks since 2019 that showed stocks only outperformed the equally weighted S&P 500 Index by an average of 4% during the week following the split announcement. After that, there wasn’t any reliable pattern of gains.

Nvidia splits: Nvidia stock rises in first trading day after 10-for-one split

Why do companies split their stock?

Companies split their stock to cut their share prices so more people can afford to buy them. People may be more apt to buy a share of Chipotle for about $64 instead of more than $3,200 after its 50-for-1 stock split , for example, even if they can only buy fractional shares.

With more people trading that stock, liquidity increases. Liquidity makes it easier to buy and sell the stock, in general. Companies and big institutional investors will be able to purchase shares at a lower cost since large orders have less impact on a more liquid security.

Should you buy or sell stocks that split?

In the short term, most analysts seem to agree a stock slated to split may get at least a small bump up, although some say it’s debatable exactly what causes the rise.

Buying stock: What are the best stocks for new investors?

“It’s worth remembering that many stock splits are announced in conjunction with earnings, so attributing the driver of stock moves between the split and the earnings is difficult,” Smith said.

Longer-term, many factors can affect a stock’s price. Woodard’s data show split stocks usually outperform the broader stock market, but he also noted “outperformance is no guarantee. Stocks see negative returns about 30% of the time 12 months later.” He said the average decline is 22%.

A challenging economy can also suppress stock gains. “Companies like Amazon, Google, Tesla , and Dexcom struggled in the 12 months after splits were announced in 2022 as interest rates spiked ,” he said. “Amazon is a good example of how stocks can recover, however, and was up 26% in the 24 months after its split announcement.”

What companies might be next to split?

If you’re a stock split believer, you’re probably wondering which companies will be next to announce a stock split.

Stocks with high share prices are typically prime candidates for split announcements. There are more than 30 stocks in the S&P 500 that have share prices above $500 apiece, with the most expensive stocks priced at more than $1,000, Woodard said.

The over $1,000 per share stocks include NVR, Booking Holdings, AutoZone, Mettler-Toledo International, Broadcom, Fair Isaac, and TransDigm.

But Jastra Kranjec at StockAnalytics.com has her eye on Facebook parent Meta.

“Unlike all the other companies in the Magnificent Seven group, Mark Zuckerberg ’s company has never done a stock split, and many believe it`s on the verge of doing one,” she said. “Since its IPO (initial public offering) in 2012 , Meta`s price has jumped more than 13 times, going from an initial $38 to over $505 last week, and is now the most expensive stock among the Magnificent Seven.”

Magnificent Seven refers to the group of high-performing tech stocks - Microsoft, Alphabet, Nvidia, Apple, Tesla, Amazon, and Meta.

Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and  subscribe to our free Daily Money newsletter  for personal finance tips and business news every Monday through Friday morning.   

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Yahoo Finance

2 stock-split stocks soared 59% and 171% in the first half of 2024. could the second half be even better.

Some companies create so much long-term value that their stock price soars into the thousands of dollars. That makes it hard for smaller investors to buy one full share, so those companies often execute a stock split, which increases the number of shares in circulation, and organically reduces the price per share by a proportional amount.

Artificial intelligence (AI) is creating a mind-boggling amount of value for a handful of companies this year. Nvidia (NASDAQ: NVDA) stock is up 171% in 2024 already, and Broadcom (NASDAQ: AVGO) stock is sitting on a 59% gain. In both cases, those returns have added to years of outstanding performance, which have led both companies to announce stock splits in the past month:

Nvidia stock was recently trading above $1,200, so it executed a 10-for-1 stock split, which went into effect on June 10. Investors can now buy one share for just $130.

Broadcom stock currently trades above $1,700, and it just announced a 10-for-1 stock split that will go into effect on July 15. At that time, investors will be able to buy a single share for around $170 (based on its current price).

So, can Nvidia and Broadcom carry their incredible momentum into the second half of this year?

Some Wall Street analysts refer to Nvidia CEO Jensen Huang as the "Godfather of AI ." No one knew it back then, but he sparked a revolution when he hand-delivered the first AI supercomputer to ChatGPT creator OpenAI in 2016. Today, some of the world's largest tech companies are clamoring to get their hands on Nvidia's latest graphics processing chips (GPUs) for the data center, which are the most powerful in the industry when it comes to developing AI.

The H100 GPU is leading the way so far. During the recent fiscal 2025 first quarter (ended April 28), it helped propel Nvidia's data center revenue 427% higher compared to the year-ago period, to a record $22.6 billion. Triple-digit-percentage sales growth has been a persistent theme over the past year.

Now, Nvidia is gearing up to ship a new series of GPUs built on its Blackwell architecture. The GB200, for example, will be capable of inferencing AI models (the process of feeding them live data to make predictions) a whopping 5 times faster than the H100, which will reduce costs for developers who typically pay for computing capacity by the minute. Demand, therefore, is expected to be astronomical.

Nvidia has added more than $2.8 trillion of its current $3.2 trillion in market capitalization over the past 18 months alone, which is a seismic move unlike anything investors have seen in history. There are valid concerns that Nvidia stock has gone too far. Based on its trailing-12-month earnings per share of $1.80 and its current stock price of $130.78, it trades at a price-to-earnings (P/E) ratio of 72.6.

That's almost twice as expensive as the iShares Semiconductor ETF , which holds Nvidia as well as a collection of its peers and trades at a P/E ratio of 37.8.

Nvidia does look more reasonable based on its future earnings, which Wall Street estimates will come in at $2.52 per share in the current fiscal year 2025, and $3.36 in fiscal 2026. That places the stock at forward P/E ratios of 51.9 and 38.9, respectively. In other words, investors who buy Nvidia today will have to wait two years before the company's earnings growth catches up to its stock price (using the iShares ETF P/E ratio as a benchmark).

So, could Nvidia log another 171% gain in the second half of 2024, like it did in the first half? Considering that would take its market cap to a stratospheric $8.6 trillion -- making it more valuable than Microsoft and Apple combined -- I certainly wouldn't bet on it.

2. Broadcom

Broadcom has decades' worth of experience in the semiconductor and electronics industries. Apple is one of its best customers, using Broadcom's 5G and wireless connectivity components in devices like the iPhone. But Broadcom has also become a very versatile AI company, thanks in part to some high-profile acquisitions in recent years.

On the hardware side, Broadcom has a booming data center networking business. It sells a number of products and services like its Ethernet connectivity solutions, which regulate how quickly data travels between servers and devices. The Tomahawk 5 Ethernet switch is designed to process the high workloads associated with AI, and Broadcom said sales doubled during the recent fiscal 2024 second quarter (ended May 5) compared to the year-ago period.

Seven of the eight largest AI GPU clusters in the world are now using Broadcom's Ethernet solutions.

On the software side, Broadcom bought cloud developer VMware for $69 billion in 2023, which helps businesses create virtual machines to utilize the maximum capacity from their servers. This is key in AI workloads where infrastructure is expensive and also in short supply at the moment. Then there is cybersecurity provider Symantec, which Broadcom bought for $10.7 billion in 2019. It's weaving AI into its products to provide better protection to its customers.

Broadcom generated $12.5 billion in total revenue during Q2, up 43% year over year mainly thanks to the inclusion of VMware's financials for the first time. The company's AI revenue, however, surged 280% to $3.1 billion. Broadcom now expects to generate $51 billion in total revenue during fiscal 2024, $11 billion of which will come from AI alone.

Based on Broadcom's $43.55 in non-GAAP (adjusted) earnings per share (which will become $4.35 after the 10-for-1 stock split), its stock trades at a P/E ratio of 39.2. Based on Wall Street's earnings estimate of $59.90 for fiscal 2025, Broadcom stock trades at a forward P/E ratio of just 28.5.

Therefore, Broadcom is significantly cheaper than Nvidia on both counts. However, while its stock could deliver more upside in the second half of 2024, another 59% gain might be out of the question unless the company delivers spectacular financial results in the next two quarters.

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2 Stock-Split Stocks Soared 59% and 171% in the First Half of 2024. Could the Second Half Be Even Better? was originally published by The Motley Fool

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Which is the best travel stock, Ixigo or EaseMyTrip?

• Both companies are poised to capitalise on the growing demand for tourism. But which one is a better investment?

The travel and tourism industry is rocketing , with wanderlust hitting new heights around the world and especially in India.

The travel industry in India is expected to grow at a compound annual growth rate (CAGR) of 9% over the next five years, driven by surging interest in travel, government initiatives to boost infrastructure and transportation, and rising disposable incomes.

The boom has intensified competition among travel companies, which are all vying to be your one-stop travel partner by offering custom-built adventures, cutting-edge tech tools, and deals.

In this article we compare two leading travel companies , Ixigo and Easy Trip Planners , on various parameters to see which one’s better.

Business overview

Founded in 2006, Le Travenues Technology is an online travel agency that allows users to book train, flight and bus tickets through its platform Ixigo. It also allows users to book hotels and holiday packages.

Recently, Ixigo developed an AI-based platform that will help travellers plan detailed itineraries. It also launched a value-added service called Ixigo Assured Flex through which travellers can book their air and rail tickets flexibly.

# EaseMyTrip

Easy Trip Planners Ltd is India's second-largest online travel platform, offering travel-related products and services through its brand EaseMyTrip.

The company sells airline, train and bus tickets; hotel bookings; holiday packages and other value-added services. It also offers hospitality services through Spree Hospitality, which has a portfolio of properties across 45 locations.

EaseMyTrip recently ventured into charter solutions through its subsidiary Nutana Aviation Capital. It also has a presence in the insurance sector through its subsidiary, EaseMyTrip Insurance Broker Pvt Ltd.

EaseMyTrip is the larger company, with a market cap of ₹ 75.9 billion compared to Ixigo’s ₹ 65.3 billion. In terms of reach, EaseMyTrip has the largest agent network in India, with more than 60,000 agents across B2E (business-to-employee), B2C (business-to-consumer), and B2B2C (business-to-business-to-consumer).

It also has offices in several foreign countries including Singapore, the UK, the UAE, Thailand, New Zealand, and the US. It has served more than 20 million customers to date.

Ixigo, on the other hand, has the highest number of monthly active users (around 83 million), and is also one of the fastest-growing online travel agencies in terms of app downloads and users.

It’s hard to compare the performance of the two companies on the bourses, given that Ixigo shares were only listed on 18 June. Within two days of listing, the shares of the company zoomed more than 112%, more than doubling investors’ money in no time. EaseMyTrip shares, on the other hand, have fallen by 1.3% over the past year, during which time the Nifty 50 has increased 24.6%.

Travel companies mainly earn revenue from commissions. By analysing revenue patterns, we can determine whether the company has been able to do more business than it did in previous years.

In terms of revenue growth, Ixigo has outpaced EaseMyTrip. In the past five years, the company’s revenue grew at a CAGR of 65.5%, while EaseMyTrip’s revenue grew at a CAGR of 34.7%. This is mainly because the company has a diversified business model and has also leveraged AI.

EaseMyTrip has seen consistent revenue growth despite the pandemic-led lockdowns owing to its strategic acquisitions and partnerships with hotels, airlines, technology providers, and various travel service providers in other countries. These partnerships and acquisitions have helped the company diversify its revenue across multiple streams, such as ticket bookings, hotel bookings, holiday packages and insurance.

# Profitability

EaseMyTrip leads Ixigo on profitability. In the past five years, earnings before interest tax depreciation and amortisation (Ebitda) has grown at a CAGR of 258.3%, driven by growth in revenue and a focus on reducing discounts. Net profit grew at a CAGR of 35.6% during the same period. The company also has higher gross and net profit margins than Ixigo.

For Ixigo, Ebitda and net profit have turned positive in the past five years, indicating strong growth in profits on the back of strong revenue growth and cost-efficient services. Profit margins, however, are tiny when compared to those of its competitors. Given the company’s growth trajectory, however, margins are expected to improve.

# Debt management

EaseMyTrip and Ixigo are both debt-free companies.

EaseMyTrip has acquired several travel and hospitality businesses in the past five years and plans to continue doing so. At present it has no significant capex planned, but has enough cash flows for any big investment that comes its way.

Ixigo, on the other hand, repaid all its debt in FY22 and has planned significant capex using its IPO funds. It plans to invest in cloud infrastructure and technology to offer better services to its customers and also plans to grow through acquisitions.

# Return ratios

In terms of return ratios, EaseMyTrip leads the way. In the past five years, its return on capital employed (RoCE) and return on equity (RoE) averaged 59.5% and 38.9%, respectively. These are lower than they were before covid, but still are higher than those of Ixigo, which had negative return ratios until March 2023. These ratios are expected to improve with the company’s profit margins.

# Dividends

Ixigo doesn’t pay dividends to its shareholders. EaseMytrip does so, but not regularly. In the past five years, the company has paid dividends only twice. Its average dividend payout and dividend yield in the past three years is 9.4% and 0.2%, respectively.

# Valuations

The price-to-earnings and price-to-book multiples of EaseMyTrip are 73.5x and 12.6x, respectively. For Ixigo, the PE multiple is 215x, while the PB multiple is not available as the shares were only listed last week.

Shares of Ixigo are overvalued when compared to those of EaseMyTrip. If we compare it with the five-year average and industry, EaseMyTrip’s stock is overvalued.

So which is the better travel stock?

In terms of profit growth, profit margins and financial efficiency, Easy Trip Planners has outpaced Ixigo. The company has grown primarily through acquisitions in the last few years, during which time it has ventured into hotels, holiday packages, train tickets, bus tickets, and insurance.

It was the first company of its kind to charge a convenience fee, which helped reduce its discount costs. It has no significant capex plans but is always looking to grow the business through acquisitions.

Ixigo, on the other hand, has been in the travel industry for over 18 years. It is one of the leading online travel agent apps with high average monthly users and downloads. It is also the largest train ticket distributor, with a largest market share of 51%, and second-largest bus-ticketing OTA with a market share of 12.5%.

It offers PNR confirmation and predictions, train seat availability alerts, personalised recommendations, instant fare alerts, and automated customer support using AI. It recently ventured into insurance to expand its services.

Ixigo plans to invest its IPO proceeds in cloud infrastructure and technology to offer better services to its customers, and in acquiring companies.

Both the companies are well established and have good growth plans that could help them capitalise on the growing demand for tourism.

Disclaimer:This article is for information purposes only. It is not a stock recommendation and should not be treated as such.

This article is syndicated from Equitymaster.com

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• Company News

What You Need To Know Ahead of Chipotle's 50-for-1 Stock Split Tuesday

Bloomberg / Contributor / Getty Images

Key Takeaways

• Chipotle stock is set to undergo a 50-for-1 split after markets close Tuesday, with shareholders receiving 49 additional shares for each share they owned previously.
• The first day of Chipotle's split-adjusted trading will be on Wednesday.
• The split will lower the cost of each individual share and could make the stock more accessible to Chipotle's employees and a wider range of investors.

Chipotle Mexican Grill ( CMG ) investors will soon see a much larger number of shares in their portfolios after Chipotle stock undergoes a 50-for-1 split after markets close Tuesday, with investors gaining 49 new shares for each one they owned before the split.

The fast-casual chain announced plans for a 50-for-1 stock split in March, and the move was approved by shareholders at its annual meeting earlier this month. Shares rose after the initial announcement and have largely gained since, though they declined late last week and through Monday morning.

Why Chipotle Is Splitting Its Stock

Chipotle shares have climbed steadily since the company's public debut in 2006, with an initial public offering (IPO) price of $22 per share. Shares are up more than 57% over the last year after first closing above the $2,000 mark in April 2023.

Recently, the company has managed to continue reporting strong earnings despite a broader pullback on discretionary spending that has been felt by other fast food giants like McDonald's ( MCD ). However, fast casual chains like Chipotle and Sweetgreen ( SG ) have been able to resist the trend of lowering prices .

When the split was announced in March, Chipotle CFO Jack Hartung said the company wanted to make its stock more accessible to a wider range of investors, especially Chipotle employees, by trading at a lower price. The chain also said it planned to offer a special one-time equity grant, a type of stock compensation , to general managers and employees with more than 20 years at Chipotle to promote employee ownership of the stock.

How the Split Will Work

The new shares will be distributed after markets close Tuesday, resulting in 50 times as many shares at a lower price per share, without changing the total value of investors' Chipotle holdings or the company's market capitalization.

For example, if Chipotle shares were trading at $3,194.50 before the split, an investor holding one share before the split would hold 50 shares priced at $63.89 each after the split. The first day of Chipotle's split-adjusted trading will be on Wednesday.

Chipotle's stock split also comes just weeks after tech giant and artificial intelligence (AI) darling Nvidia ( NVDA ) performed its own stock split at a 10:1 ratio earlier this month. Nvidia shares rose following the split, briefly making Nvidia the world's most valuable company by market cap, but they declined late last week and into Monday.

Chipotle shares were 0.7% lower at $3,194.50 as of 2:30 p.m. ET Monday, though they've gained nearly 40% since the start of the year, and closed at a record high of $3,427.61 last Tuesday, before slipping later in the week.

Chipotle. “ Prospectus .”

Chipotle Mexican Grill. " CHIPOTLE BOARD OF DIRECTORS APPROVES 50-FOR-1 STOCK SPLIT ."

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Carnival Corp raises annual profit forecast again on steady cruise demand

Carnival Corp , raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained demand from Americans for cruise holidays.