Booking Holdings
Market Cap
US$88.6b
Last Updated
2021/01/19 23:28 UTC
Data Sources
Company Financials +
Executive Summary
Booking Holdings Inc. provides travel and restaurant online reservation and related services worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential and slightly overvalued.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: BKNG's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-1.5%
BKNG
0.2%
US Online Retail
-0.4%
US Market
1 Year Return
8.7%
BKNG
55.8%
US Online Retail
19.5%
US Market
Return vs Industry: BKNG underperformed the US Online Retail industry which returned 55.8% over the past year.
Return vs Market: BKNG underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| BKNG | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | 0.2% | -0.4% |
| 30 Day | 3.0% | -1.4% | 2.3% |
| 90 Day | 27.1% | -0.7% | 12.7% |
| 1 Year | 8.7%8.7% | 56.0%55.8% | 22.3%19.5% |
| 3 Year | 10.2%10.2% | 87.6%87.5% | 44.4%34.8% |
| 5 Year | 94.6%94.6% | 305.6%304.8% | 128.7%103.3% |
Long-Term 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
3 days ago | Simply Wall St
Is Booking Holdings Inc. (NASDAQ:BKNG) Trading At A 30% Discount?2 weeks ago | Simply Wall St
Should You Use Booking Holdings's (NASDAQ:BKNG) Statutory Earnings To Analyse It?4 weeks ago | Simply Wall St
Here's What To Make Of Booking Holdings' (NASDAQ:BKNG) Returns On CapitalValuation
Is Booking Holdings undervalued compared to its fair value and its price relative to the market?
28.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BKNG ($2163.04) is trading below our estimate of fair value ($3041.39)
Significantly Below Fair Value: BKNG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BKNG is poor value based on its PE Ratio (63.8x) compared to the US Online Retail industry average (32.1x).
PE vs Market: BKNG is poor value based on its PE Ratio (63.8x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: BKNG is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: BKNG is overvalued based on its PB Ratio (18x) compared to the US Online Retail industry average (4.9x).
Next Steps
Future Growth
How is Booking Holdings forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?
39.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BKNG's forecast earnings growth (39.6% per year) is above the savings rate (2%).
Earnings vs Market: BKNG's earnings (39.6% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BKNG's revenue (21.4% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: BKNG's revenue (21.4% per year) is forecast to grow faster 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 (71.7%).
Next Steps
Past Performance
How has Booking Holdings performed over the past 5 years?
8.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKNG has a large one-off gain of $346.0M impacting its September 30 2020 financial results.
Growing Profit Margin: BKNG's current net profit margins (15.7%) are lower than last year (29.1%).
Past Earnings Growth Analysis
Earnings Trend: BKNG's earnings have grown by 8.2% per year over the past 5 years.
Accelerating Growth: BKNG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BKNG had negative earnings growth (-67.9%) over the past year, making it difficult to compare to the Online Retail industry average (26.1%).
Return on Equity
High ROE: Whilst BKNG's Return on Equity (28.39%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Booking Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: BKNG's short term assets ($12.6B) exceed its short term liabilities ($4.0B).
Long Term Liabilities: BKNG's short term assets ($12.6B) do not cover its long term liabilities ($13.3B).
Debt to Equity History and Analysis
Debt Level: BKNG's debt to equity ratio (240.3%) is considered high.
Reducing Debt: BKNG's debt to equity ratio has increased from 63.7% to 240.3% over the past 5 years.
Debt Coverage: BKNG's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: BKNG's interest payments on its debt are well covered by EBIT (7.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Booking Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BKNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BKNG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?
3.0yrs
Average management tenure
CEO
Glenn Fogel (58 yo)
4yrs
Tenure
US$14,768,526
Compensation
Mr. Glenn D. Fogel has been Chief Executive Officer of Booking.com B.V. June 26, 2019. Mr. Fogel has been the Chief Executive Officer and President of The Priceline Group Inc. (alternatively Booking Holdin...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD14.77M) is above average for companies of similar size in the US market ($USD10.55M).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4yrs | US$14.77m | 0.094% $ 83.4m | |
| Executive VP & CFO | 2.83yrs | US$5.11m | 0.0030% $ 2.6m | |
| Executive VP & General Counsel | 20yrs | US$5.04m | 0.026% $ 22.7m | |
| Senior VP | 1.67yrs | no data | no data | |
| IR Contact | no data | no data | no data | |
| Head of Communications | no data | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Chief Executive Officer of Priceline | 4.17yrs | no data | no data | |
| Chief Executive Officer of KAYAK | no data | no data | no data | |
| Chief Executive Officer of Agoda | 3yrs | no data | no data | |
| Senior VP | no data | no data | no data | |
| Chief Executive Officer of OpenTable | 0.42yr | no data | no data |
3.0yrs
Average Tenure
52yo
Average Age
Experienced Management: BKNG's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4yrs | US$14.77m | 0.094% $ 83.4m | |
| Lead Independent Director | 0.58yr | US$364.69k | 0.00012% $ 106.3k | |
| Director | 19.25yrs | US$459.27k | 0.15% $ 128.7m | |
| Independent Director | 2.58yrs | US$348.23k | 0.000010% $ 8.9k | |
| Independent Director | 8yrs | US$344.69k | 0.00012% $ 106.3k | |
| Independent Chairman | 0.58yr | US$339.69k | 0.0025% $ 2.2m | |
| Independent Director | 1.58yrs | US$310.31k | no data | |
| Independent Director | 2.58yrs | US$340.38k | 0.00063% $ 558.1k | |
| Independent Director | 8yrs | US$339.69k | 0.00012% $ 106.3k | |
| Independent Director | 5yrs | US$334.69k | 0.0017% $ 1.5m | |
| Independent Director | 0.58yr | no data | no data | |
| Independent Director | 1.58yrs | US$304.61k | 0.00037% $ 327.8k |
2.6yrs
Average Tenure
54yo
Average Age
Experienced Board: BKNG's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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$88.587b
- Shares outstanding: 40.95m
- 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 |
| PCE1 | XTRA (XETRA Trading Platform) | 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 |
| BKNG | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | 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 175 REP 1 COM | BR | BRL | May 2019 |
Biography
Booking Holdings Inc. provides travel and restaurant online reservation and related services worldwide. The company operates Booking.com, which connects travellers with a selection of places to stay, inclu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:28 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.