Company Valuation: Expedia Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,384 13,674 21,076 23,915 34,715 32,140 - -
Change - -50.07% 54.14% 13.47% 45.16% -7.42% - -
Enterprise Value (EV) 1 31,523 14,015 21,668 25,698 35,143 30,568 29,505 27,409
Change - -55.54% 54.61% 18.6% 36.75% -13.02% -3.48% -7.11%
P/E -100x 40.4x 28.6x 20.8x 28.9x 16.9x 13.5x 11.9x
PBR 13.7x 5.88x 14.9x 15.4x 27x 24.1x 13.6x 6.1x
PEG - -0x 0x 0.3x 3.01x 0.3x 0.5x 0.8x
Capitalization / Revenue 3.18x 1.17x 1.64x 1.75x 2.36x 2.01x 1.87x 1.73x
EV / Revenue 3.67x 1.2x 1.69x 1.88x 2.39x 1.91x 1.72x 1.48x
EV / EBITDA 21.3x 5.97x 8.08x 8.76x 10x 7.64x 6.66x 5.56x
EV / EBIT 169x 12.9x 21x 19.5x 18.8x 11.4x 9.7x 8.16x
EV / FCF 10.3x 5.04x 11.8x 11x 11.3x 8.61x 8.07x 7.63x
FCF Yield 9.75% 19.8% 8.51% 9.06% 8.85% 11.6% 12.4% 13.1%
Dividend per Share 2 - - - - 1.6 1.841 2.001 2.169
Rate of return - - - - 0.56% 0.69% 0.75% 0.81%
EPS 2 -1.8 2.17 5.31 8.95 9.81 15.84 19.78 22.59
Distribution rate - - - - 16.3% 11.6% 10.1% 9.6%
Net sales 1 8,598 11,667 12,839 13,691 14,733 15,998 17,150 18,525
EBITDA 1 1,477 2,349 2,680 2,934 3,501 4,002 4,430 4,925
EBIT 1 186 1,085 1,033 1,319 1,871 2,677 3,042 3,359
Net income 1 -269 352 797 1,234 1,294 1,904 2,322 2,734
Net Debt 1 4,139 341 592 1,783 428 -1,571 -2,634 -4,731
Reference price 2 180.72 87.60 151.79 186.33 283.31 267.78 267.78 267.78
Nbr of stocks (in thousands) 151,528 156,091 138,848 128,346 122,533 120,022 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.91x1.91x7.64x0.69% 32.14B
16.82x4.6x12.36x0.96% 136B
13.72x1.6x5.83x0.89% 26.09B
155.93x5.43x32.19x-.--% 5.5B
7.77x0.75x2.9x2.71% 3.69B
15.19x0.73x4.46x3.37% 1.73B
64.78x5.75x39.6x-.--% 1.67B
35.62x3.18x14.09x1.18% 1.55B
23.44x0.89x5.34x-.--% 1.55B
39.38x1.42x7.14x1.57% 1.51B
Average 38.95x 2.63x 13.16x 1.14% 21.14B
Weighted average by Cap. 20.63x 3.69x 11.26x 0.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Expedia Group, Inc.