BOOKING HOLDINGS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,735 USD | -1.52% |
|
-1.19% | +5.29% |
| May. 16 | Saudi Wealth Fund Cuts US Equity Holdings by $17 Billion in Q1 | MT |
| May. 15 | Bernstein Adjusts Price Target on Booking Holdings to $3,874 From $3,636, Keeps Market Perform Rating | 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 | 129,595 | - | - |
| Enterprise Value (EV) 1 | 87,278 | 92,169 | 98,295 | 78,260 | 125,263 | 135,179 | 137,421 | 135,913 |
| P/E ratio | 18.4 x | 1,547 x | 85.2 x | 26.4 x | 30.2 x | 21.6 x | 18.7 x | 16.1 x |
| Yield | - | - | - | - | - | 0.92% | 0.87% | 1.14% |
| Capitalization / Revenue | 5.71 x | 13.4 x | 8.99 x | 4.57 x | 5.79 x | 5.59 x | 5.14 x | 4.71 x |
| EV / Revenue | 5.79 x | 13.6 x | 8.97 x | 4.58 x | 5.86 x | 5.83 x | 5.45 x | 4.94 x |
| EV / EBITDA | 14.9 x | 105 x | 33.8 x | 14.8 x | 17.6 x | 17.1 x | 15.4 x | 13.6 x |
| EV / FCF | 19.4 x | -459 x | 39.1 x | 12.7 x | 17.9 x | 18.9 x | 16.9 x | 16.1 x |
| FCF Yield | 5.15% | -0.22% | 2.56% | 7.9% | 5.59% | 5.3% | 5.92% | 6.21% |
| Price to Book | 15.1 x | 18.6 x | 15.9 x | 27.4 x | -44.5 x | -18.4 x | -10.4 x | -9.99 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 | 3,793 | 3,793 | 3,793 |
| 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 | 23,185 | 25,207 | 27,537 |
| EBITDA 1 | 5,855 | 879 | 2,904 | 5,295 | 7,112 | 7,890 | 8,908 | 9,984 |
| EBIT 1 | 5,345 | -631 | 2,496 | 5,102 | 5,835 | 7,299 | 8,240 | 9,228 |
| Operating Margin | 35.48% | -9.28% | 22.78% | 29.85% | 27.31% | 31.48% | 32.69% | 33.51% |
| Earnings before Tax (EBT) 1 | 5,958 | 567 | 1,465 | 3,923 | 5,481 | 7,429 | 8,165 | 9,309 |
| Net income 1 | 4,865 | 59 | 1,165 | 3,058 | 4,289 | 5,977 | 6,542 | 7,425 |
| Net margin | 32.29% | 0.87% | 10.63% | 17.89% | 20.07% | 25.78% | 25.95% | 26.96% |
| EPS 2 | 111.8 | 1.440 | 28.17 | 76.35 | 117.4 | 175.8 | 202.7 | 236.2 |
| Free Cash Flow 1 | 4,497 | -201 | 2,516 | 6,186 | 6,999 | 7,170 | 8,132 | 8,439 |
| FCF margin | 29.85% | -2.96% | 22.96% | 36.2% | 32.76% | 30.93% | 32.26% | 30.65% |
| FCF Conversion (EBITDA) | 76.81% | - | 86.64% | 116.83% | 98.41% | 90.87% | 91.29% | 84.53% |
| FCF Conversion (Net income) | 92.44% | - | 215.97% | 202.29% | 163.18% | 119.97% | 124.3% | 113.65% |
| Dividend per Share 2 | - | - | - | - | - | 35.03 | 33.01 | 43.36 |
| 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 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,981 | 2,695 | 4,294 | 6,052 | 4,049 | 3,778 | 5,462 | 7,341 | 4,784 | 4,415 | 5,759 | 7,832 | 5,150 | 4,693 | 6,224 |
| EBITDA 1 | 940 | 310 | 1,086 | 2,658 | 1,241 | 586 | 1,778 | 3,284 | 1,464 | 898 | 1,751 | 3,560 | 1,666 | 1,013 | 1,963 |
| EBIT 1 | 848 | 174 | 1,000 | 2,583 | 1,345 | 450 | 1,673 | 3,103 | 609 | 791 | 1,620 | 3,405 | 1,518 | 837.6 | 1,809 |
| Operating Margin | 28.45% | 6.46% | 23.29% | 42.68% | 33.22% | 11.91% | 30.63% | 42.27% | 12.73% | 17.92% | 28.12% | 43.48% | 29.47% | 17.85% | 29.06% |
| Earnings before Tax (EBT) 1 | 816 | -849 | 1,144 | 2,176 | 1,452 | 303 | 1,618 | 3,149 | 411 | 937 | 1,607 | 3,415 | 1,507 | 856.8 | 1,820 |
| Net income 1 | 618 | -700 | 857 | 1,666 | 1,235 | 266 | 1,290 | 2,511 | 222 | 776 | 1,282 | 2,731 | 1,210 | 669.9 | 1,461 |
| Net margin | 20.73% | -25.97% | 19.96% | 27.53% | 30.5% | 7.04% | 23.62% | 34.21% | 4.64% | 17.58% | 22.27% | 34.87% | 23.49% | 14.27% | 23.48% |
| EPS 2 | 14.94 | -17.10 | 21.07 | 41.98 | 31.92 | 7.000 | 34.89 | 69.80 | 6.280 | 22.37 | 37.54 | 81.04 | 36.56 | 20.56 | 45.73 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 8.750 | 8.750 | 8.750 | 8.750 | 8.750 |
| Announcement Date | 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 | 5/2/24 | - | - | - | - | - |
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 | 5,584 | 7,827 | 6,319 |
| Net Cash position 1 | - | - | 226 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2251 x | 1.082 x | - | 0.0168 x | 0.2111 x | 0.7077 x | 0.8786 x | 0.6329 x |
| Free Cash Flow 1 | 4,497 | -201 | 2,516 | 6,186 | 6,999 | 7,170 | 8,132 | 8,439 |
| ROE (net income / shareholders' equity) | 60.6% | 3.58% | 34.2% | 89.2% | - | - | - | 269% |
| ROA (Net income/ Total Assets) | 20.2% | 0.9% | 8.32% | 16.3% | 22.4% | 25.6% | 29.3% | 37% |
| Assets 1 | 24,030 | 6,580 | 14,006 | 18,738 | 19,167 | 23,363 | 22,319 | 20,068 |
| Book Value Per Share 2 | 136.0 | 119.0 | 150.0 | 73.50 | -79.80 | -206.0 | -366.0 | -380.0 |
| Cash Flow per Share 2 | 112.0 | 2.070 | 68.20 | 164.0 | 201.0 | 216.0 | 272.0 | 316.0 |
| Capex 1 | 368 | 286 | 304 | 368 | 345 | 416 | 399 | 431 |
| Capex / Sales | 2.44% | 4.21% | 2.77% | 2.15% | 1.61% | 1.79% | 1.58% | 1.56% |
| 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
BUY
Number of Analysts
36
Last Close Price
3,793
USD
Average target price
4,063
USD
Spread / Average Target
+7.13%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.29% | 130B | |
| +56.65% | 36.07B | |
| +80.48% | 9.31B | |
| +47.51% | 6.44B | |
| +1.67% | 3.03B | |
| -13.19% | 2.63B | |
| +16.21% | 2.2B | |
| +0.93% | 2.03B | |
| -1.18% | 1.88B | |
| 0.00% | 1.79B |
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- Financials Booking Holdings Inc.