Booking Holdings
Market Cap
US$86.4b
Last Updated
2019/10/23 23:44 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
Fundamentals
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
Market Performance
7 Day Return
0.2%
BKNG
-1.5%
US Online Retail
0.4%
US Market
1 Year Return
15.9%
BKNG
11.6%
US Online Retail
11.4%
US Market
Return vs Industry: BKNG exceeded the US Online Retail industry which returned 11.6% over the past year.
Return vs Market: BKNG exceeded the US Market which returned 11.4% over the past year.
Shareholder returns
| BKNG | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -1.5% | 0.4% |
| 30 Day | 1.1% | -0.4% | 0.3% |
| 90 Day | 5.5% | -7.7% | -1.2% |
| 1 Year | 15.9%15.9% | 11.6%11.6% | 13.9%11.4% |
| 3 Year | 38.3%38.3% | 78.4%78.2% | 47.2%37.6% |
| 5 Year | 77.6%77.6% | 171.1%159.5% | 62.4%44.6% |
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 day ago | Simply Wall St
Does Booking Holdings's (NASDAQ:BKNG) Share Price Gain of 78% Match Its Business Performance?1 week ago | Simply Wall St
Is Now An Opportune Moment To Examine Booking Holdings Inc. (NASDAQ:BKNG)?3 weeks ago | Simply Wall St
Estimating The Intrinsic Value Of Booking Holdings Inc. (NASDAQ:BKNG)Valuation
Is Booking Holdings undervalued compared to its fair value and its price relative to the market?
22.2x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BKNG ($2032.23) is trading above our estimate of fair value ($1765.48)
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 (22.2x) compared to the Online Retail industry average (35.5x).
PE vs Market: BKNG is poor value based on its PE Ratio (22.2x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: BKNG is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: BKNG is overvalued based on its PB Ratio (16.4x) compared to the US Online Retail industry average (2.6x).
Next Steps
Future Growth
How is Booking Holdings forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?
7.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BKNG's forecast earnings growth (7.6% per year) is above the savings rate (2.7%).
Earnings vs Market: BKNG's earnings (7.6% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: BKNG's earnings are forecast to grow, but not significantly.
Revenue vs Market: BKNG's revenue (8.8% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: BKNG's revenue (8.8% 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 (133.3%).
Next Steps
Past Performance
How has Booking Holdings performed over the past 5 years?
10.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BKNG's earnings have grown by 10.7% per year over the past 5 years.
Accelerating Growth: BKNG's earnings growth over the past year (51.2%) exceeds its 5-year average (10.7% per year).
Earnings vs Industry: BKNG earnings growth over the past year (51.2%) exceeded the Online Retail industry -15.4%.
Return on Equity
High ROE: Whilst BKNG's Return on Equity (78.33%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
ROA vs Industry: BKNG has a higher Return on Assets than the Online Retail industry average last year.
Return on Capital Employed
ROCE Improving: BKNG has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Booking Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: BKNG's short term assets ($10.0B) exceeds its short term liabilities ($6.3B)
Long Term Liabilities: BKNG's short term assets (10.0B) exceeds its long term liabilities (9.8B)
Debt to Equity History and Analysis
Debt Level: BKNG's debt to equity ratio (163.2%) is considered high
Reducing Debt: BKNG's debt to equity ratio has increased from 23.4% to 163.2% over the past 5 years.
Debt Coverage: BKNG's debt is well covered by operating cash flow (57.6%).
Interest Coverage: BKNG's interest payments on its debt are well covered by EBIT (49.7x 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
Stability and Growth of Payments
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.
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
What is the CEO of Booking Holdings's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Glenn Fogel (57yo)
2.8yrs
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 about average for companies of similar size in the US market ($USD11.17M).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.8yrs
Average Tenure
51yo
Average Age
Experienced Management: BKNG's management team is considered experienced (2.8 years average tenure).
Board Age and Tenure
5.7yrs
Average Tenure
63yo
Average Age
Experienced Board: BKNG's board of directors are considered experienced (5.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
David Goulden (59yo)
Executive VP & CFO
- Tenure: 1.6yrs
- Compensation: US$14.31m
Brett Keller (51yo)
Chief Executive Officer of Priceline.Com
- Tenure: 2.9yrs
Peter Millones (49yo)
Executive VP & General Counsel
- Tenure: 18.8yrs
- Compensation: US$6.43m
Steve Hafner (50yo)
Chief Executive Officer of KAYAK + OpenTable
- Tenure: 0yrs
Anthony Cali (47yo)
Senior Vice President
- Tenure: 0yrs
Glenn Fogel (57yo)
President
- Tenure: 2.8yrs
- Compensation: US$20.46m
Sue D’Emic (55yo)
Senior VP
- Tenure: 0.4yrs
Pepijn Rijvers
Chief Marketing Officer of Booking.Com
- Tenure: 4.5yrs
Michael Noonan
IR Contact
- Tenure: 0yrs
John Brown
Chief Executive Officer of Agoda
- Tenure: 1.8yrs
Board Members
Chuck Noski (67yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: US$365.73k
Jeff Boyd (62yo)
Non-Executive Chairman
- Tenure: 6.8yrs
- Compensation: US$491.40k
Jim Guyette (74yo)
Lead Independent Director
- Tenure: 6.8yrs
- Compensation: US$405.73k
Nancy Peretsman (65yo)
Independent Director
- Tenure: 20.7yrs
- Compensation: US$335.73k
Mirian Graddick-Weir (64yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$307.42k
Tom Rothman (64yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$341.43k
Bob Mylod (52yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$334.23k
Tim Armstrong (48yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$340.73k
Lynn Vojvodich (51yo)
Independent Director
- Tenure: 3.8yrs
- Compensation: US$335.73k
Glenn Fogel (57yo)
President
- Tenure: 2.8yrs
- Compensation: US$20.46m
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$86.394b
- Shares outstanding: 42.51m
- 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 |
| 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 conn ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:44 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| 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.