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Booking Holdings Inc.
BKNG
4617.26 (0.62%) 28.40
151.52(B)
Consumer Discretionary
Hotels Restaurants and Leisure
Booking Holdings Inc. together with its subsidiaries provides online and traditional travel and restaurant reservations and related services in the United States the Netherlands and internationally. The company operates Booking.com which offers online accommodation reservations; and Priceline which provides discount travel reservations services as well as online accommodation flight rental car reservation services vacation packages cruises activity and hotel distribution services for partners and affiliates. It also operates Agoda that offers online accommodation reservation flight ground transportation and activities reservation services. In addition the company operates KAYAK an online meta-search service that allows consumers to search and compare travel itineraries and prices; and OpenTable for booking online restaurant reservations as well as reservation management services to restaurants. Further it offers travel-related insurance products and restaurant management services to consumers travel service providers and restaurants; and advertising services. The company was formerly known as The Priceline Group Inc. and changed its name to Booking Holdings Inc. in February 2018. Booking Holdings Inc. was founded in 1997 and is headquartered in Norwalk Connecticut.
Holdings:
Shares:
Cost basis:

Booking Holdings Inc. (BKNG) price target and intrinsic value estimate

BKNG's fair price estimate is $5778.6

This valuation is based on a fair P/E of 21.8 and EPS estimates of $265.31

The median analyst price target for BKNG is $5725.0.

Analyst price targets range from $4411.1 to $6500.0

Is BKNG overvalued or undervalued?

BKNG is currently trading at $4617.26

BKNG is undervalued by 20% using the pevaluation method.

BKNG is undervalued by 19% compared to median analyst price targets.

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Valuation

PEvaluation

Current price
$4617
Fairly valued
Low
$4334
Median
$5779
High
$7223
Fair P/E
Margin of safety

Analyst valuation

Current price
$4617
Fairly valued
Low
$4411
Median
$5725
High
$6500
Strong Buy6
Buy21
Hold13
Sell0
Strong Sell0

Discounted cash-flow

N/A
Negative FCF or FCF estimates
TTM FCFFCF est.Growth FCFTerminal FCF
Discount
rate
10%
Terminal
rate
5%
Growth p.
length
5y
Growth p.
rate
10%
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Wide
None/narrowMediumWideVery wide

Overview

Market data

Market cap:$151.52(B)
Enterprise value:$152.20(B)
Total Equity:$-4.02(B)
Shares outstanding:32.82(M)
Div. yield:0.76%
P/S:6.54
P/E:26.39
P/FCF:19.27
P/B:N/A
EPS:$174.9
FCF per share:$239.6
Dividend per share:$35.0

Income (TTM)

RevenueGrossNet
Revenue$23.74(B)
Gross profit$20.39(B)
EBITDA$8.18(B)
Net income$5.88(B)
Gross margin85.9%
Net margin24.8%

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsEquityCurrent liabilitiesLong term debtOther LT liabilities
Total assets$27.71(B)
Total liabilities$31.73(B)
Cash & Short-term inv.$16.16(B)
Long-term debt$14.85(B)
Debt issued$4.84(B)
Debt repaid$-1.31(B)

Cash flow (TTM)

CFOCFICFF
FCF$7.89(B)
CapEx$-429.00(M)
Dividends paid$-1.17(B)
Stock issued$14.00(M)
Stock repurchased$-6.51(B)
Stock-based comp.$599.00(M)

Per Share Data

x1
Price: $4617
Revenue: $706 (6.5x | 15.3%) Gross profit: $621 (7.4x | 13.5%) Earnings: $175 (26.4x | 3.8%)
FCF: $240 (19.3x | 5.2%) Stock-based Comp.: $18.3 (252.9x | 0.4%) CapEx.: $13.1 (353.2x | 0.3%) Dividend: $35.0 (131.9x | 0.8%)
Total Assets: $844 (5.5x | 18.3%) Total Liabilities: $967 (4.8x | 20.9%) Book Value: $-122.01 (-37.8x | -2.6%) Cash & ST inv.: $493 (9.4x | 10.7%) Debt: $453 (10.2x | 9.8%)

Growth Estimates

Revenue

CAGR: 8.1%
FY+1FY+2FY+3FY+4FY+5
FY+1$25.31(B)
FY+2$27.50(B)
FY+3$30.14(B)
FY+4$32.16(B)
FY+5$34.57(B)

Net Income

CAGR: 12.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$6.89(B)
FY+2$7.75(B)
FY+3$8.91(B)
FY+4$9.92(B)
FY+5$11.15(B)

EPS

CAGR: 15.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$211
FY+2$243
FY+3$288
FY+4$327
FY+5$379

FCF per share

CAGR: 20.1%
FY+1FY+2FY+3
FY+1$266
FY+2$326
FY+3$383

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Historical Financials

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Calculators

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