Booking Holdings
Market Cap
US$80.7b
Last Updated
2020/02/23 00:45 UTC
Data Sources
Company Financials +
Executive Summary
Booking Holdings Inc. provides online travel and related services in Europe, North America, South America, the Asia-Pacific region, the Middle East, and Africa.
Snowflake Analysis
Solid track record with adequate balance sheet.
Similar Companies
Share Price & News
How has Booking Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BKNG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.1%
BKNG
-2.2%
US Online Retail
-1.1%
US Market
1 Year Return
1.0%
BKNG
22.7%
US Online Retail
17.9%
US Market
Return vs Industry: BKNG underperformed the US Online Retail industry which returned 22.7% over the past year.
Return vs Market: BKNG underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| BKNG | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.1% | -2.2% | -1.1% |
| 30 Day | -1.7% | 5.7% | 1.4% |
| 90 Day | 1.6% | 15.3% | 6.9% |
| 1 Year | 1.0%1.0% | 22.8%22.7% | 20.3%17.9% |
| 3 Year | 18.2%18.2% | 104.9%104.6% | 47.8%38.3% |
| 5 Year | 55.9%55.9% | 212.7%198.9% | 71.9%53.0% |
Price Volatility Vs. Market
How volatile is Booking Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Calculating The Intrinsic Value Of Booking Holdings Inc. (NASDAQ:BKNG)2 weeks ago | Simply Wall St
The Booking Holdings (NASDAQ:BKNG) Share Price Is Up 78% And Shareholders Are Holding On1 month ago | Simply Wall St
Is Booking Holdings Inc. (NASDAQ:BKNG) Potentially Undervalued?Valuation
Is Booking Holdings undervalued compared to its fair value and its price relative to the market?
19.64x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BKNG ($1928.72) is trading above our estimate of fair value ($1904.64)
Significantly Below Fair Value: BKNG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BKNG is good value based on its PE Ratio (19.6x) compared to the Online Retail industry average (32.6x).
PE vs Market: BKNG is poor value based on its PE Ratio (19.6x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: BKNG is poor value based on its PEG Ratio (3.8x)
Price to Book Ratio
PB vs Industry: BKNG is overvalued based on its PB Ratio (13.6x) compared to the US Online Retail industry average (3x).
Next Steps
Future Growth
How is Booking Holdings forecast to perform in the next 1 to 3 years based on estimates from 31 analysts?
5.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BKNG's forecast earnings growth (5.1% per year) is above the savings rate (1.7%).
Earnings vs Market: BKNG's earnings (5.1% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: BKNG's earnings are forecast to grow, but not significantly.
Revenue vs Market: BKNG's revenue (6.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BKNG's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BKNG's Return on Equity is forecast to be very high in 3 years time (148.2%).
Next Steps
Past Performance
How has Booking Holdings performed over the past 5 years?
12.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKNG has high quality earnings.
Growing Profit Margin: BKNG's current net profit margins (29%) are higher than last year (19.8%).
Past Earnings Growth Analysis
Earnings Trend: BKNG's earnings have grown by 12.1% per year over the past 5 years.
Accelerating Growth: BKNG's earnings growth over the past year (55.2%) exceeds its 5-year average (12.1% per year).
Earnings vs Industry: BKNG earnings growth over the past year (55.2%) exceeded the Online Retail industry 15%.
Return on Equity
High ROE: Whilst BKNG's Return on Equity (72.93%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Booking Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: BKNG's short term assets ($10.1B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: BKNG's short term assets ($10.1B) exceed its long term liabilities ($10.0B).
Debt to Equity History and Analysis
Debt Level: BKNG's debt to equity ratio (142.7%) is considered high.
Reducing Debt: BKNG's debt to equity ratio has increased from 45% to 142.7% over the past 5 years.
Debt Coverage: BKNG's debt is well covered by operating cash flow (57.4%).
Interest Coverage: BKNG's interest payments on its debt are well covered by EBIT (48x coverage).
Balance Sheet
Inventory Level: BKNG has a low level of unsold assets or inventory.
Debt Coverage by Assets: BKNG's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Booking Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate BKNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BKNG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BKNG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BKNG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BKNG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Glenn Fogel (57yo)
3.1yrs
Tenure
US$20,459,184
Compensation
Mr. Glenn D. Fogel has been Chief Executive Officer of Booking.com B.V. June 26, 2019. Mr. Fogel has been the Chief Executive Officer and President of The Priceline Group Inc. (alternatively Booking Holdin ...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD20.46M) is above average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | US$20.46m | 0.063% $50.5m | |
| Executive VP & CFO | 1.9yrs | US$14.31m | 0.0014% $1.1m | |
| Executive VP & General Counsel | 19.1yrs | US$6.43m | 0.017% $13.8m | |
| Senior VP | 0.8yrs | no data | no data | |
| IR Contact | 0yrs | no data | no data | |
| Senior Vice President | 0yrs | no data | no data | |
| Chief Executive Officer of Priceline.Com | 3.3yrs | no data | no data | |
| Chief Executive Officer of KAYAK + OpenTable | 0yrs | no data | no data | |
| Chief Executive Officer of Agoda | 2.1yrs | no data | no data | |
| Chief Marketing Officer of Booking.Com | 4.8yrs | no data | no data |
3.1yrs
Average Tenure
51yo
Average Age
Experienced Management: BKNG's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | US$20.46m | 0.063% $50.5m | |
| Independent Director | 4.9yrs | US$365.73k | 0.0021% $1.7m | |
| Non-Executive Chairman | 7.1yrs | US$491.40k | 0.14% $116.7m | |
| Lead Independent Director | 7.1yrs | US$405.73k | 0.0065% $5.2m | |
| Independent Director | 21yrs | US$335.73k | 0.0091% $7.4m | |
| Independent Director | 1.7yrs | US$307.42k | 0.000010% $8.1k | |
| Independent Director | 7.1yrs | US$341.43k | 0.0034% $2.8m | |
| Independent Director | 2.8yrs | US$334.23k | 0.0021% $1.7m | |
| Independent Director | 7.1yrs | US$340.73k | 0.0034% $2.8m | |
| Independent Director | 4.1yrs | US$335.73k | 0.0013% $1.0m |
6.0yrs
Average Tenure
63yo
Average Age
Experienced Board: BKNG's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Booking Holdings Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Booking Holdings Inc.
- Ticker: BKNG
- Exchange: NasdaqGS
- Founded: 1997
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: US$80.728b
- Shares outstanding: 41.86m
- Website: https://www.bookingholdings.com
Number of Employees
Location
- Booking Holdings Inc.
- 800 Connecticut Avenue
- Norwalk
- Connecticut
- 6854
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BKNG | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 1999 |
| PCE1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1999 |
| BKNG * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Mar 1999 |
| BKNG | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | USD | Mar 1999 |
| BKNG | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | USD | Mar 1999 |
| 0W2Y | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Mar 1999 |
| BOOK | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Mar 1999 |
| PCE1-U | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Mar 1999 |
| BKNG34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REP 0.04 COM USD0.008 | BR | BRL | May 2019 |
Biography
Booking Holdings Inc. provides online travel and related services in Europe, North America, South America, the Asia-Pacific region, the Middle East, and Africa. The company operates Booking.com, which connects travelers with a selection of places to stay, including apartments, vacation homes, family-run B&Bs, 5-star luxury resorts, tree houses, and igloos; and KAYAK that searches other sites to show travelers the information they need to find the right flights, hotels, rental cars, and vacation packages. It also operates Priceline, an online travel deal service, which provides travelers to save on hotel rooms, airline tickets, rental cars, vacation packages, and cruises; 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 00:45 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.