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Booking Holdings

WBAG:BOOK
Snowflake Description

Outstanding track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOOK
WBAG
$77B
Market Cap
  1. Home
  2. AT
  3. Retail
Company description

Booking Holdings Inc. provides online travel and restaurant reservation, and related services in the United States, the Netherlands, and internationally. The last earnings update was 24 days ago. More info.


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BOOK Share Price and Events
7 Day Returns
-1.7%
WBAG:BOOK
0.9%
Europe Online Retail
0.3%
AT Market
1 Year Returns
-11.6%
WBAG:BOOK
-6.8%
Europe Online Retail
-6.9%
AT Market
BOOK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Booking Holdings (BOOK) -1.7% -9.5% 4% -11.6% - -
Europe Online Retail 0.9% 9.3% 27.3% -6.8% 42% 15.2%
AT Market 0.3% -0.6% 11% -6.9% 41% 22.7%
1 Year Return vs Industry and Market
  • BOOK underperformed the Online Retail industry which returned -6.8% over the past year.
  • BOOK underperformed the Market in Austria which returned -6.9% over the past year.
Price Volatility
BOOK
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Booking Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Booking Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Booking Holdings.

WBAG:BOOK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 29 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:BOOK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.694 (1 + (1- 21%) (11.19%))
1.565
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.565 * 5.96%)
9.84%

Discounted Cash Flow Calculation for WBAG:BOOK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Booking Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:BOOK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.84%)
2019 4,824.67 Analyst x8 4,392.47
2020 5,558.28 Analyst x7 4,607.04
2021 6,146.89 Analyst x3 4,638.50
2022 6,739.00 Analyst x3 4,629.76
2023 6,881.66 Analyst x2 4,304.25
2024 6,993.17 Est @ 1.62% 3,982.16
2025 7,083.19 Est @ 1.29% 3,672.10
2026 7,157.85 Est @ 1.05% 3,378.39
2027 7,221.62 Est @ 0.89% 3,103.14
2028 7,277.70 Est @ 0.78% 2,847.10
Present value of next 10 years cash flows $39,554.92
WBAG:BOOK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $7,277.70 × (1 + 0.51%) ÷ (9.84% – 0.51%)
$78,403.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $78,403.94 ÷ (1 + 9.84%)10
$30,672.30
WBAG:BOOK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $39,554.92 + $30,672.30
$70,227.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $70,227.22 / 45.01
$1560.16
WBAG:BOOK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:BOOK represents 0.88431x of NasdaqGS:BKNG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88431x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1,560.16 x 0.88431
€1,379.67
Value per share (EUR) From above. €1,379.67
Current discount Discount to share price of €1,522.43
= -1 x (€1,522.43 - €1,379.67) / €1,379.67
-10.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Booking Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Booking Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Booking Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:BOOK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $84.26
NasdaqGS:BKNG Share Price ** NasdaqGS (2019-03-22) in USD $1721.59
Europe Online Retail Industry PE Ratio Median Figure of 32 Publicly-Listed Online Retail Companies 23.03x
Austria Market PE Ratio Median Figure of 50 Publicly-Listed Companies 15.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Booking Holdings.

WBAG:BOOK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BKNG Share Price ÷ EPS (both in USD)

= 1721.59 ÷ 84.26

20.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Booking Holdings is good value based on earnings compared to the Europe Online Retail industry average.
  • Booking Holdings is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Booking Holdings's expected growth come at a high price?
Raw Data
WBAG:BOOK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts
9.6%per year
Europe Online Retail Industry PEG Ratio Median Figure of 19 Publicly-Listed Online Retail Companies 1.71x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

WBAG:BOOK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.43x ÷ 9.6%

2.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Booking Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Booking Holdings's assets?
Raw Data
WBAG:BOOK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $192.52
NasdaqGS:BKNG Share Price * NasdaqGS (2019-03-22) in USD $1721.59
Europe Online Retail Industry PB Ratio Median Figure of 69 Publicly-Listed Online Retail Companies 1.77x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.2x
WBAG:BOOK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BKNG Share Price ÷ Book Value per Share (both in USD)

= 1721.59 ÷ 192.52

8.94x

* Primary Listing of Booking Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Booking Holdings is overvalued based on assets compared to the Europe Online Retail industry average.
X
Value checks
We assess Booking Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. Booking Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Booking Holdings expected to perform in the next 1 to 3 years based on estimates from 29 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Booking Holdings expected to grow at an attractive rate?
  • Booking Holdings's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Booking Holdings's earnings growth is expected to exceed the Austria market average.
  • Booking Holdings's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:BOOK Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:BOOK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts 9.6%
WBAG:BOOK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts 8.1%
Europe Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 34.4%
Europe Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 15.2%
Austria Market Earnings Growth Rate Market Cap Weighted Average 8.4%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:BOOK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:BOOK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 21,843 8,017 6,562 3
2022-12-31 20,435 7,583 6,016 4
2021-12-31 18,788 6,881 5,510 12
2020-12-31 17,147 5,979 4,873 28
2019-12-31 15,570 5,426 4,386 29
WBAG:BOOK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 14,527 5,338 3,998
2018-09-30 14,117 5,428 2,797
2018-06-30 13,702 5,350 2,750
2018-03-31 13,190 4,922 2,492
2017-12-31 12,681 4,662 2,341
2017-09-30 12,226 4,585 3,570
2017-06-30 11,483 4,218 2,356
2017-03-31 11,014 4,020 2,216
2016-12-31 10,743 3,984 2,135
2016-09-30 10,395 3,768 1,965
2016-06-30 9,807 3,558 2,656
2016-03-31 9,531 3,238 2,592

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Booking Holdings's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Booking Holdings's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:BOOK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below

All data from Booking Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:BOOK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 137.99 141.22 134.75 2.00
2022-12-31 128.84 133.51 123.05 3.00
2021-12-31 124.05 143.18 111.85 9.00
2020-12-31 109.83 119.85 103.45 21.00
2019-12-31 97.29 101.11 91.80 22.00
WBAG:BOOK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 84.26
2018-09-30 58.16
2018-06-30 56.67
2018-03-31 51.09
2017-12-31 47.78
2017-09-30 72.63
2017-06-30 47.82
2017-03-31 44.88
2016-12-31 43.14
2016-09-30 39.63
2016-06-30 53.25
2016-03-31 51.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Booking Holdings is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Booking Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Booking Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Booking Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Booking Holdings's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Booking Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Booking Holdings's 1-year earnings growth exceeds its 5-year average (70.8% vs 7.8%)
  • Booking Holdings's earnings growth has exceeded the Europe Online Retail industry average in the past year (70.8% vs 19.1%).
Earnings and Revenue History
Booking Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Booking Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:BOOK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14,527.00 3,998.00 8,747.00
2018-09-30 14,117.48 2,796.70 8,429.41
2018-06-30 13,702.42 2,749.52 8,124.62
2018-03-31 13,189.88 2,492.35 7,893.44
2017-12-31 12,681.00 2,341.00 7,506.00
2017-09-30 12,226.42 3,570.13 7,265.44
2017-06-30 11,482.95 2,355.76 6,819.70
2017-03-31 11,014.29 2,216.19 6,461.39
2016-12-31 10,743.00 2,135.00 6,172.00
2016-09-30 10,394.57 1,965.35 5,903.07
2016-06-30 9,806.92 2,656.06 5,548.50
2016-03-31 9,531.41 2,592.46 5,275.70
2015-12-31 9,223.99 2,551.36 5,052.71
2015-09-30 9,064.09 2,498.92 4,919.35
2015-06-30 8,797.69 2,364.44 4,777.20
2015-03-31 8,640.86 2,423.86 4,539.99
2014-12-31 8,441.97 2,421.75 4,296.10
2014-09-30 8,143.03 2,348.00 4,062.17
2014-06-30 7,576.43 2,118.74 3,728.82
2014-03-31 7,133.10 1,979.61 3,415.62
2013-12-31 6,793.31 1,892.66 3,165.00
2013-09-30 6,442.79 1,803.25 2,925.37
2013-06-30 5,879.20 1,566.85 2,630.95
2013-03-31 5,525.72 1,481.87 2,364.58
2012-12-31 5,260.96 1,419.57 2,168.75
2012-09-30 5,061.09 1,356.62 2,032.12
2012-06-30 4,807.58 1,229.53 1,890.04
2012-03-31 4,583.54 1,133.55 1,770.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Booking Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Booking Holdings used its assets more efficiently than the Europe Online Retail industry average last year based on Return on Assets.
  • Booking Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Booking Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Booking Holdings has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Booking Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Booking Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Booking Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Booking Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Booking Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Booking Holdings Company Filings, last reported 2 months ago.

WBAG:BOOK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,785.00 8,674.00 6,284.00
2018-09-30 9,951.81 8,709.30 7,131.17
2018-06-30 10,472.63 8,762.91 7,332.42
2018-03-31 10,636.34 8,984.97 6,862.79
2017-12-31 11,261.00 9,524.00 7,402.00
2017-09-30 12,876.99 9,637.38 7,253.33
2017-06-30 11,589.67 8,485.30 6,356.09
2017-03-31 10,811.02 8,284.66 5,370.18
2016-12-31 9,820.14 7,169.29 4,299.96
2016-09-30 9,802.57 7,345.19 4,378.32
2016-06-30 9,274.71 7,257.71 4,370.96
2016-03-31 9,052.37 6,423.70 3,382.80
2015-12-31 8,795.47 6,158.44 2,648.51
2015-09-30 8,526.77 5,421.33 3,052.84
2015-06-30 8,557.97 5,399.97 3,188.08
2015-03-31 8,630.13 5,304.11 4,635.46
2014-12-31 8,566.69 3,861.35 4,290.83
2014-09-30 8,733.11 3,925.80 6,237.08
2014-06-30 7,824.03 1,807.02 7,164.71
2014-03-31 7,209.41 1,855.19 6,710.51
2013-12-31 6,909.73 1,902.51 6,752.71
2013-09-30 6,396.62 2,306.02 6,583.62
2013-06-30 5,857.66 2,295.10 5,945.07
2013-03-31 4,181.73 1,462.23 5,181.62
2012-12-31 4,057.26 1,457.00 5,183.19
2012-09-30 3,711.09 1,451.81 4,668.00
2012-06-30 3,037.97 1,446.67 3,942.34
2012-03-31 2,774.98 1,441.57 3,618.70
  • Booking Holdings's level of debt (98.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (27.5% vs 98.7% today).
  • Debt is well covered by operating cash flow (61.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 65.3x coverage).
X
Financial health checks
We assess Booking Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Booking Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Booking Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Booking Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of Booking Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Booking Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Booking Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:BOOK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
Europe Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.7%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.5%
Austria Minimum Threshold Dividend Yield 10th Percentile 1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
Austria Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:BOOK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2019-12-31 0.00 4.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Booking Holdings has not reported any payouts.
  • Unable to verify if Booking Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Booking Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Booking Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Booking Holdings's dividends in 3 years as they are not expected to pay a notable one for Austria.
X
Income/ dividend checks
We assess Booking Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Booking Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Booking Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Booking Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Glenn Fogel
COMPENSATION $27,774,460
AGE 56
TENURE AS CEO 2.2 years
CEO Bio

Mr. Glenn D. Fogel has been the Chief Executive Officer and President of The Priceline Group Inc. (alternatively Booking Holdings Inc.) since January 1, 2017. Mr. Fogel served as Senior Vice President of International at Priceline.com. Mr. Fogel was the senior manager for London-based Priceline.co.uk. He served as International Managing Director and Head of Worldwide Strategy and Planning at Priceline.com Europe Limited. He served as the Head of Worldwide Strategy & Planning at The Priceline Group Inc. from November 2010 to December 2016 and served as its Executive Vice President of Corporate Development from March 1, 2009 to January 1, 2017. Mr. Fogel is responsible for all of The Priceline Group Inc.'s international activities, including strategy, product development, marketing and technology. He served as Member of Group Management Board since The Priceline Group Inc. He also serves as Senior Manager for London-based Priceline.co.uk. and. Mr. Fogel joined The Priceline Group Inc. in February 2000. He has been Director at The Priceline Group Inc. since January 1, 2017. He served as the Managing Director of Corporate Development and International and Senior Vice President of International at The Priceline Group Inc. Prior to joining The Priceline Group Inc., he served as an Investment Banker specializing in the air transportation industry. He serves as Director of Booking.com Limited. Mr. Fogel also is a member of the New York State Bar. He is a graduate of Harvard Law School and earned a Bachelor of Science in Economics degree from the University of Pennsylvania’s Wharton School.

CEO Compensation
  • Glenn's compensation has increased by more than 20% in the past year.
  • Insufficient data for Glenn to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Booking Holdings management team in years:

2.3
Average Tenure
49
Average Age
  • The tenure for the Booking Holdings management team is about average.
Management Team

Glenn Fogel

TITLE
President
COMPENSATION
$28M
AGE
56
TENURE
2.2 yrs

Peter Millones

TITLE
Executive VP & General Counsel
COMPENSATION
$6M
AGE
48
TENURE
18.2 yrs

Gillian Tans

TITLE
President & CEO of Booking.Com
COMPENSATION
$14M
AGE
47
TENURE
2.9 yrs

David Goulden

TITLE
Executive VP & CFO
AGE
58
TENURE
1 yrs

Michael Noonan

TITLE
IR Contact

Anthony Cali

TITLE
Senior VP & Corporate Controller
AGE
46

Brett Keller

TITLE
Chief Executive Officer of Priceline.Com
AGE
50
TENURE
2.3 yrs

Steve Hafner

TITLE
Chief Executive Officer of KAYAK + OpenTable
AGE
49

Ian Brown

TITLE
Chief Executive Officer of Rentalcars.com

John Brown

TITLE
Chief Executive Officer of Agoda
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Booking Holdings board of directors in years:

6.2
Average Tenure
62.5
Average Age
  • The tenure for the Booking Holdings board of directors is about average.
Board of Directors

Jeff Boyd

TITLE
Non-Executive Chairman
COMPENSATION
$5M
AGE
61
TENURE
6.2 yrs

Glenn Fogel

TITLE
President
COMPENSATION
$28M
AGE
56
TENURE
2.2 yrs

Jim Guyette

TITLE
Lead Independent Director
COMPENSATION
$405K
AGE
73
TENURE
6.2 yrs

Craig Rydin

TITLE
Director
COMPENSATION
$375K
AGE
66
TENURE
14.2 yrs

Chuck Noski

TITLE
Director
COMPENSATION
$365K
AGE
65
TENURE
4 yrs

Nancy Peretsman

TITLE
Director
COMPENSATION
$335K
AGE
64
TENURE
20.1 yrs

Jeff Epstein

TITLE
Director
COMPENSATION
$360K
AGE
62
TENURE
15.9 yrs

Bob Mylod

TITLE
Director
COMPENSATION
$302K
AGE
51
TENURE
1.8 yrs

Tom Rothman

TITLE
Director
COMPENSATION
$335K
AGE
63
TENURE
6.2 yrs

Tim Armstrong

TITLE
Director
COMPENSATION
$340K
AGE
47
TENURE
6.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Booking Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Booking Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Booking Holdings Inc. provides online travel and restaurant reservation, and related services in the United States, the Netherlands, and internationally. The company operates Booking.com, which provides online accommodation reservation services; and KAYAK, an online meta-search service allowing consumers to easily search and compare travel itineraries and prices, including airline ticket, accommodation, and rental car reservation information. It also offers hotel, rental car, airline ticket, and vacation package online reservation services under the priceline brand; and operates agoda, which provides online accommodation reservation services. In addition, the company operates Rentalcars.com that offers online rental car reservation services; and OpenTable, an online provider of restaurant reservation and information services to consumers and restaurant reservation management, as well as customer acquisition services to restaurants. Further, it offers travel insurance products. 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.

Details
Name: Booking Holdings Inc.
BOOK
Exchange: WBAG
Founded: 1997
$68,612,707,033
45,012,725
Website: http://www.bookingholdings.com
Address: Booking Holdings Inc.
800 Connecticut Avenue,
Norwalk,
Connecticut, 06854,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BKNG Common Stock Nasdaq Global Select US USD 30. Mar 1999
DB PCE1 Common Stock Deutsche Boerse AG DE EUR 30. Mar 1999
LSE 0W2Y Common Stock London Stock Exchange GB USD 30. Mar 1999
SWX BKNG Common Stock SIX Swiss Exchange CH USD 30. Mar 1999
WBAG BOOK Common Stock Wiener Boerse AG AT EUR 30. Mar 1999
SNSE BKNG Common Stock Santiago Stock Exchange CL USD 30. Mar 1999
BMV BKNG * Common Stock Bolsa Mexicana de Valores MX MXN 30. Mar 1999
Number of employees
Current staff
Staff numbers
24,500
Booking Holdings employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 22:01
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.