Booking Holdings
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 21 days ago. More info.
Add to Portfolio Compare Print
BKNG Share Price and Events
7 Day Returns
1 Year Returns
BKNG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Booking Holdings (BKNG) | 0.8% | -8.2% | 4.1% | -17.3% | 35.9% | 49.3% |
| US Online Retail | 2.9% | 8% | 22.6% | -0.2% | 138.6% | 214.2% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- BKNG underperformed the Online Retail industry which returned -0.2% over the past year.
- BKNG underperformed the Market in United States of America which returned 3% over the past year.
BKNG Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Booking Holdings.
| 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 | 12.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Online Retail Unlevered Beta | Simply Wall St/ S&P Global | 1.7 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.698 (1 + (1- 21%) (10.86%)) |
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)
= 2.73% + (1.565 * 5.96%) |
12.06% |
Discounted Cash Flow Calculation for NasdaqGS:BKNG 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 12.06%) |
|
|---|---|---|---|
| 2019 | 4,824.67 | Analyst x8 | 4,305.45 |
| 2020 | 5,558.28 | Analyst x7 | 4,426.31 |
| 2021 | 6,146.89 | Analyst x3 | 4,368.25 |
| 2022 | 6,739.00 | Analyst x3 | 4,273.65 |
| 2023 | 6,881.66 | Analyst x2 | 3,894.46 |
| 2024 | 7,039.00 | Est @ 2.29% | 3,554.81 |
| 2025 | 7,209.31 | Est @ 2.42% | 3,249.00 |
| 2026 | 7,390.45 | Est @ 2.51% | 2,972.20 |
| 2027 | 7,580.96 | Est @ 2.58% | 2,720.71 |
| 2028 | 7,779.85 | Est @ 2.62% | 2,491.61 |
| Present value of next 10 years cash flows | $36,256.45 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $7,779.85 × (1 + 2.73%) ÷ (12.06% – 2.73%) |
$85,665.19 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $85,665.19 ÷ (1 + 12.06%)10 |
$27,435.50 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $36,256.45 + $27,435.50 |
$63,691.95 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $63,691.95 / 45.01 |
$1414.98 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $1,414.98 |
| Current discount | Discount to share price of
$1,774.43
= -1 x ($1,774.43 - $1,414.98) / $1,414.98 |
-25.4% |
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.
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?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $84.26 |
| NasdaqGS:BKNG Share Price ** | NasdaqGS (2019-03-20) in USD | $1774.43 |
| United States of America Online Retail Industry PE Ratio | Median Figure of 26 Publicly-Listed Online Retail Companies | 31.35x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Booking Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:BKNG Share Price ÷ EPS (both in USD) = 1774.43 ÷ 84.26 |
21.06x |
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 US Online Retail industry average.
- Booking Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Booking Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.06x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts |
9.6%per year |
| United States of America Online Retail Industry PEG Ratio | Median Figure of 23 Publicly-Listed Online Retail Companies | 1.61x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.06x ÷ 9.6% |
2.19x |
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?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $192.52 |
| NasdaqGS:BKNG Share Price * | NasdaqGS (2019-03-20) in USD | $1774.43 |
| United States of America Online Retail Industry PB Ratio | Median Figure of 58 Publicly-Listed Online Retail Companies | 3.4x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:BKNG Share Price ÷ Book Value per Share (both in USD) = 1774.43 ÷ 192.52 |
9.22x |
* 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 US Online Retail industry average.
Value checks
We assess Booking Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check) 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.
BKNG Future Performance
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!
Earnings growth vs Low Risk Savings
- Booking Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Booking Holdings's earnings growth is positive but not above the United States of America market average.
- Booking Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:BKNG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts | 9.6% |
| NasdaqGS:BKNG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts | 8.1% |
| United States of America Online Retail Industry Earnings Growth Rate | Market Cap Weighted Average | 25.1% |
| United States of America Online Retail Industry Revenue Growth Rate | Market Cap Weighted Average | 17% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| 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 |
| 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 | 17,196 | 5,979 | 4,873 | 28 |
| 2019-12-31 | 15,578 | 5,426 | 4,386 | 29 |
| 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.
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.
| 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 |
| 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%).
Future performance checks
We assess Booking Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Booking Holdings has a total score of 3/6, 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.
BKNG 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
Past Earnings growth analysis
- 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 US Online Retail industry average in the past year (70.8% vs 10.6%).
Earnings and Revenue History
All data from Booking Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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 US 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).
Past performance checks
We assess Booking Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
BKNG 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.
- 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
Assets
Liabilities and shares
- 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.
All data from Booking Holdings Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Booking Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Booking Holdings has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
BKNG 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
If you bought
$2,000 of
Booking Holdings
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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 |
| Global Online Retail Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 1.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| 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.
Income/ dividend checks
We assess Booking Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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.
BKNG Management
CEO
| 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.
- Glenn's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Booking Holdings management team in years:
- The tenure for the Booking Holdings management team is about average.
Management Team
Glenn Fogel
President
$28M
56
2.2 yrs
Peter Millones
Executive VP & General Counsel
$6M
48
18.2 yrs
Gillian Tans
President & CEO of Booking.Com
$14M
47
2.9 yrs
David Goulden
Executive VP & CFO
58
1 yrs
Michael Noonan
IR Contact
Anthony Cali
Senior VP & Corporate Controller
46
Brett Keller
Chief Executive Officer of Priceline.Com
50
2.3 yrs
Steve Hafner
Chief Executive Officer of KAYAK + OpenTable
49
Ian Brown
Chief Executive Officer of Rentalcars.com
John Brown
Chief Executive Officer of Agoda
1.2 yrs
Board of Directors Tenure
Average tenure and age of the Booking Holdings board of directors in years:
- The tenure for the Booking Holdings board of directors is about average.
Board of Directors
Jeff Boyd
Non-Executive Chairman
$5M
61
6.2 yrs
Glenn Fogel
President
$28M
56
2.2 yrs
Jim Guyette
Lead Independent Director
$405K
73
6.2 yrs
Craig Rydin
Director
$375K
66
14.2 yrs
Chuck Noski
Director
$365K
65
4 yrs
Nancy Peretsman
Director
$335K
64
20.1 yrs
Jeff Epstein
Director
$360K
62
15.9 yrs
Bob Mylod
Director
$302K
51
1.8 yrs
Tom Rothman
Director
$335K
63
6.2 yrs
Tim Armstrong
Director
$340K
47
6.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Booking Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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.
BKNG News
Simply Wall St News
Here's What Booking Holdings Inc.'s (NASDAQ:BKNG) P/E Ratio Is Telling Us
We'll look at Booking Holdings Inc.'s (NASDAQ:BKNG) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate Booking Holdings's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Should We Expect From Booking Holdings Inc.'s (NASDAQ:BKNG) Earnings In The Next 12 Months?
Looking at Booking Holdings Inc.'s (NASDAQ:BKNG) earnings update in September 2018, … the consensus outlook from analysts appear highly confident, … with earnings expected to grow by a high double-digit of 60% in the upcoming year,
Simply Wall St - – Full articleCan Booking Holdings Inc.'s (NASDAQ:BKNG) ROE Continue To Surpass The Industry Average?
This article is for those who would like to learn about Return On Equity (ROE). … That means that for every $1 worth of shareholders' equity, it generated $0.28 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Booking Holdings Inc.'s (NASDAQ:BKNG) Balance Sheet A Threat To Its Future?
Booking Holdings Inc. … Today we will look at Booking Holdings’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis
Simply Wall St - – Full articleShould You Think About Buying Booking Holdings Inc. (NASDAQ:BKNG) Now?
received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $1998.17 at one point, and dropping to the lows of $1750.43. … A question to answer is whether Booking Holdings's current trading price of $1826.01 reflective of the actual value of the? … Let’s take a look at Booking Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleRead This Before You Buy Booking Holdings Inc (NASDAQ:BKNG) Because Of Its P/E Ratio
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Booking Holdings Inc's (NASDAQ:BKNG) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate Booking Holdings's Price To Earnings Ratio
Simply Wall St - – Full articleDoes Booking Holdings Inc's (NASDAQ:BKNG) Past Performance Indicate A Stronger Future?
For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … Did BKNG beat its long-term earnings growth trend and its industry. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 7.0%, indicating the rate at which BKNG is growing has accelerated
Simply Wall St - – Full articleIs Booking Holdings Inc (NASDAQ:BKNG) Potentially Underrated?
Looking at the company as a whole, as a potential stock investment, I believe BKNG has a lot to offer. … is a company with great financial health as well as a. … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full articleShould You Expect Booking Holdings Inc (NASDAQ:BKNG) To Continue Delivering An ROE Of 26.25%?
With an ROE of 26.25%, Booking Holdings Inc (NASDAQ:BKNG) outpaced its own industry which delivered a less exciting 16.60% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … View our latest analysis for Booking Holdings
Simply Wall St - – Full articleWhy Booking Holdings Inc (NASDAQ:BKNG) Could Be A Buy
Let's talk about the popular Booking Holdings Inc (NASDAQ:BKNG). … saw its share price hover around a small range of $1995.97 to $2194.96 over the last few weeks? … Let’s take a look at Booking Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleBKNG 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. |
| BKNG | |
| Exchange: | NasdaqGS |
| Founded: | 1997 |
| $79,871,929,621 | |
| 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
Industry
| Internet and Direct Marketing Retail | |
| Retail |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 23:43 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/13 |
| 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.
