NasdaqGS:BKNG

Stock Analysis Report

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

-1.2%

NasdaqGS:BKNG

-3.1%

US Online Retail

-1.6%

US Market


1 Year Return

-0.2%

NasdaqGS:BKNG

-6.2%

US Online Retail

-3.0%

US Market

BKNG outperformed the Online Retail industry which returned -2.8% over the past year.

BKNG matched the United States of America Market (-0%) over the past year.


Share holder returns

BKNGIndustryMarket
7 Day-1.2%-3.1%-1.6%
30 Day-1.1%-10.0%-5.8%
90 Day11.1%0.3%0.2%
1 Year-0.2%-0.2%-6.2%-6.2%-0.8%-3.0%
3 Year33.7%33.7%84.9%84.7%38.0%29.1%
5 Year52.6%52.6%205.5%183.6%50.8%34.1%

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

Valuation

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

20.74x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Booking Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Booking Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Booking Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

Booking Holdings is overvalued based on assets compared to the US Online Retail industry average.


Next Steps

Future Growth

How is Booking Holdings expected to perform in the next 1 to 3 years based on estimates from 28 analysts?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Booking Holdings's revenue is expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).

Booking Holdings's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).

Booking Holdings's revenue growth is expected to exceed the United States of America market average.

Booking Holdings's earnings growth is positive but not above the United States of America market average.

Booking Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Booking Holdings is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).


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

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 (51.2% vs 10.7%)

Booking Holdings's earnings growth has exceeded the US Online Retail industry average in the past year (51.2% vs 1.3%).


Return on Equity

Whilst Booking Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.


Return on Assets

Booking Holdings used its assets more efficiently than the US Online Retail industry average last year based on Return on Assets.


Return on Capital Employed

Booking Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Booking Holdings's financial position?


Financial Position Analysis

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 cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Booking Holdings's level of debt (163.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (23.4% vs 163.2% today).

Debt is well covered by operating cash flow (57.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 49.7x coverage).


Balance Sheet

Low level of unsold assets.

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 and Payments Analysis

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.

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

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 United States of America.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Glenn Fogel (57yo)

2.6yrs

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

Glenn's remuneration is higher than average for companies of similar size in United States of America.

Glenn's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.6yrs

Average Tenure

51yo

Average Age

The tenure for the Booking Holdings management team is about average.


Board Age and Tenure

5.5yrs

Average Tenure

63yo

Average Age

The tenure for the Booking Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • David Goulden (59yo)

    Executive VP & CFO

    • Tenure: 1.4yrs
    • Compensation: US$14.31m
  • Brett Keller (51yo)

    Chief Executive Officer of Priceline.Com

    • Tenure: 2.8yrs
  • Peter Millones (49yo)

    Executive VP & General Counsel

    • Tenure: 18.6yrs
    • Compensation: US$6.43m
  • Steve Hafner (50yo)

    Chief Executive Officer of KAYAK + OpenTable

    • Tenure: 0.0yrs
  • Anthony Cali (47yo)

    Senior Vice President

    • Tenure: 0.0yrs
  • Glenn Fogel (57yo)

    President

    • Tenure: 2.6yrs
    • Compensation: US$20.46m
  • Sue D’Emic (55yo)

    Senior VP

    • Tenure: 0.3yrs
  • Pepijn Rijvers

    Chief Marketing Officer of Booking.Com

    • Tenure: 4.3yrs
  • Michael Noonan

    IR Contact

    • Tenure: 0.0yrs
  • John Brown

    Chief Executive Officer of Agoda

    • Tenure: 1.6yrs

Board Members

  • Chuck Noski (66yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$365.73k
  • Jeff Boyd (62yo)

    Non-Executive Chairman

    • Tenure: 6.6yrs
    • Compensation: US$626.34k
  • Jim Guyette (74yo)

    Lead Independent Director

    • Tenure: 6.6yrs
    • Compensation: US$405.73k
  • Nancy Peretsman (65yo)

    Director

    • Tenure: 20.5yrs
    • Compensation: US$335.73k
  • Mirian Graddick-Weir (64yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$307.42k
  • Tom Rothman (64yo)

    Director

    • Tenure: 6.6yrs
    • Compensation: US$341.43k
  • Bob Mylod (52yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$334.23k
  • Tim Armstrong (48yo)

    Director

    • Tenure: 6.6yrs
    • Compensation: US$340.73k
  • Lynn Vojvodich (51yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: US$335.73k
  • Glenn Fogel (57yo)

    President

    • Tenure: 2.6yrs
    • 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$80.716b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKNGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 1999
PCE1DB (Deutsche Boerse AG)YesCommon StockDEEURMar 1999
BKNG *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMar 1999
BKNGSNSE (Santiago Stock Exchange)YesCommon StockCLUSDMar 1999
BKNGSWX (SIX Swiss Exchange)YesCommon StockCHUSDMar 1999
0W2YLSE (London Stock Exchange)YesCommon StockGBUSDMar 1999
BOOKWBAG (Wiener Boerse AG)YesCommon StockATEURMar 1999
BKNG34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REP 0.04 COM USD0.008BRBRLMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 23:54
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.