BOOKING HOLDINGS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,521 USD | +0.53% |
|
+3.11% | -0.74% |
| Apr. 25 | WEX, Booking.com Collaborate to Offer Payment Solutions to Travelers | MT |
| Apr. 25 | TD Cowen Adjusts Booking Price Target to $4,250 From $4,000 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 85,960 | 91,218 | 98,521 | 78,171 | 123,762 | 120,319 | - | - |
| Enterprise Value (EV) 1 | 87,278 | 92,169 | 98,295 | 78,260 | 125,263 | 124,297 | 124,535 | 122,972 |
| P/E ratio | 18.4 x | 1,547 x | 85.2 x | 26.4 x | 30.2 x | 20.8 x | 17.7 x | 15 x |
| Yield | - | - | - | - | - | 0.66% | 0.72% | 0.97% |
| Capitalization / Revenue | 5.71 x | 13.4 x | 8.99 x | 4.57 x | 5.79 x | 5.2 x | 4.77 x | 4.36 x |
| EV / Revenue | 5.79 x | 13.6 x | 8.97 x | 4.58 x | 5.86 x | 5.37 x | 4.93 x | 4.45 x |
| EV / EBITDA | 14.9 x | 105 x | 33.8 x | 14.8 x | 17.6 x | 15.7 x | 14 x | 12.4 x |
| EV / FCF | 19.4 x | -459 x | 39.1 x | 12.7 x | 17.9 x | 17.5 x | 15.8 x | 15 x |
| FCF Yield | 5.15% | -0.22% | 2.56% | 7.9% | 5.59% | 5.73% | 6.33% | 6.66% |
| Price to Book | 15.1 x | 18.6 x | 15.9 x | 27.4 x | -44.5 x | -15.2 x | -10.5 x | -13.5 x |
| Nbr of stocks (in thousands) | 41,856 | 40,955 | 41,063 | 38,789 | 34,890 | 34,171 | - | - |
| Reference price 2 | 2,054 | 2,227 | 2,399 | 2,015 | 3,547 | 3,521 | 3,521 | 3,521 |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,066 | 6,796 | 10,958 | 17,090 | 21,365 | 23,136 | 25,249 | 27,615 |
| EBITDA 1 | 5,855 | 879 | 2,904 | 5,295 | 7,112 | 7,918 | 8,874 | 9,933 |
| EBIT 1 | 5,345 | -631 | 2,496 | 5,102 | 5,835 | 7,338 | 8,247 | 9,225 |
| Operating Margin | 35.48% | -9.28% | 22.78% | 29.85% | 27.31% | 31.72% | 32.66% | 33.41% |
| Earnings before Tax (EBT) 1 | 5,958 | 567 | 1,465 | 3,923 | 5,481 | 7,170 | 8,006 | 9,162 |
| Net income 1 | 4,865 | 59 | 1,165 | 3,058 | 4,289 | 5,777 | 6,453 | 7,319 |
| Net margin | 32.29% | 0.87% | 10.63% | 17.89% | 20.07% | 24.97% | 25.56% | 26.51% |
| EPS 2 | 111.8 | 1.440 | 28.17 | 76.35 | 117.4 | 169.2 | 199.0 | 235.1 |
| Free Cash Flow 1 | 4,497 | -201 | 2,516 | 6,186 | 6,999 | 7,120 | 7,878 | 8,186 |
| FCF margin | 29.85% | -2.96% | 22.96% | 36.2% | 32.76% | 30.78% | 31.2% | 29.65% |
| FCF Conversion (EBITDA) | 76.81% | - | 86.64% | 116.83% | 98.41% | 89.92% | 88.77% | 82.42% |
| FCF Conversion (Net income) | 92.44% | - | 215.97% | 202.29% | 163.18% | 123.26% | 122.08% | 111.85% |
| Dividend per Share 2 | - | - | - | - | - | 23.38 | 25.36 | 34.03 |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,676 | 2,981 | 2,695 | 4,294 | 6,052 | 4,049 | 3,778 | 5,462 | 7,341 | 4,784 | 4,252 | 5,776 | 7,876 | 5,169 | 4,575 |
| EBITDA 1 | 2,111 | 940 | 310 | 1,086 | 2,658 | 1,241 | 586 | 1,778 | 3,284 | 1,464 | 718.5 | 1,870 | 3,597 | 1,701 | 809.7 |
| EBIT 1 | 2,015 | 848 | 174 | 1,000 | 2,583 | 1,345 | 450 | 1,673 | 3,103 | 609 | 588.1 | 1,749 | 3,449 | 1,545 | 659.5 |
| Operating Margin | 43.09% | 28.45% | 6.46% | 23.29% | 42.68% | 33.22% | 11.91% | 30.63% | 42.27% | 12.73% | 13.83% | 30.28% | 43.8% | 29.89% | 14.42% |
| Earnings before Tax (EBT) 1 | 968 | 816 | -849 | 1,144 | 2,176 | 1,452 | 303 | 1,618 | 3,149 | 411 | 548.6 | 1,696 | 3,412 | 1,500 | 601 |
| Net income 1 | 769 | 618 | -700 | 857 | 1,666 | 1,235 | 266 | 1,290 | 2,511 | 222 | 440.7 | 1,370 | 2,749 | 1,215 | 499.1 |
| Net margin | 16.45% | 20.73% | -25.97% | 19.96% | 27.53% | 30.5% | 7.04% | 23.62% | 34.21% | 4.64% | 10.37% | 23.72% | 34.91% | 23.5% | 10.91% |
| EPS 2 | 18.60 | 14.94 | -17.10 | 21.07 | 41.98 | 31.92 | 7.000 | 34.89 | 69.80 | 6.280 | 12.67 | 39.74 | 81.30 | 36.58 | 15.03 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 4.375 | 4.375 | 4.375 | 5.250 | - |
| Announcement Date | 11/3/21 | 2/23/22 | 5/4/22 | 8/3/22 | 11/2/22 | 2/23/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/22/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,318 | 951 | - | 89 | 1,501 | 3,978 | 4,216 | 2,654 |
| Net Cash position 1 | - | - | 226 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2251 x | 1.082 x | - | 0.0168 x | 0.2111 x | 0.5024 x | 0.4751 x | 0.2671 x |
| Free Cash Flow 1 | 4,497 | -201 | 2,516 | 6,186 | 6,999 | 7,120 | 7,878 | 8,186 |
| ROE (net income / shareholders' equity) | 60.6% | 3.58% | 34.2% | 89.2% | - | - | - | - |
| ROA (Net income/ Total Assets) | 20.2% | 0.9% | 8.32% | 16.3% | 22.4% | 26.7% | 33.6% | 36.2% |
| Assets 1 | 24,030 | 6,580 | 14,006 | 18,738 | 19,167 | 21,632 | 19,194 | 20,219 |
| Book Value Per Share 2 | 136.0 | 119.0 | 150.0 | 73.50 | -79.80 | -231.0 | -334.0 | -260.0 |
| Cash Flow per Share 2 | 112.0 | 2.070 | 68.20 | 164.0 | 201.0 | 236.0 | 261.0 | 357.0 |
| Capex 1 | 368 | 286 | 304 | 368 | 345 | 376 | 373 | 407 |
| Capex / Sales | 2.44% | 4.21% | 2.77% | 2.15% | 1.61% | 1.63% | 1.48% | 1.47% |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
38
Last Close Price
3,521
USD
Average target price
3,969
USD
Spread / Average Target
+12.71%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.74% | 120B | |
| +40.52% | 32.51B | |
| -10.60% | 18.49B | |
| +43.61% | 7.36B | |
| +53.74% | 6.44B | |
| +27.50% | 3.79B | |
| +3.09% | 3.01B | |
| +10.35% | 2.05B | |
| -2.78% | 1.89B | |
| -4.35% | 1.75B |
- Stock Market
- Equities
- BKNG Stock
- Financials Booking Holdings Inc.
