Company Valuation: Expedia Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,384 13,674 21,076 23,915 34,715 38,907 - -
Change - -50.07% 54.14% 13.47% 45.16% 12.08% - -
Enterprise Value (EV) 1 31,523 14,015 21,668 25,698 35,143 36,905 35,474 33,844
Change - -55.54% 54.61% 18.6% 36.75% 5.01% -3.88% -4.6%
P/E -100x 40.4x 28.6x 20.8x 28.9x 17.6x 15.3x 13.3x
PBR 13.7x 5.88x 14.9x 15.4x 27x 18.9x 13.2x 8.46x
PEG - -0x 0x 0.3x 3.01x 0.2x 1x 0.9x
Capitalization / Revenue 3.18x 1.17x 1.64x 1.75x 2.36x 2.4x 2.24x 2.09x
EV / Revenue 3.67x 1.2x 1.69x 1.88x 2.39x 2.28x 2.04x 1.81x
EV / EBITDA 21.3x 5.97x 8.08x 8.76x 10x 8.99x 7.84x 6.81x
EV / EBIT 169x 12.9x 21x 19.5x 18.8x 13x 11.2x 9.72x
EV / FCF 10.3x 5.04x 11.8x 11x 11.3x 10.2x 9.54x 8.79x
FCF Yield 9.75% 19.8% 8.51% 9.06% 8.85% 9.79% 10.5% 11.4%
Dividend per Share 2 - - - - 1.6 1.909 2.161 2.349
Rate of return - - - - 0.56% 0.59% 0.67% 0.72%
EPS 2 -1.8 2.17 5.31 8.95 9.81 18.4 21.26 24.46
Distribution rate - - - - 16.3% 10.4% 10.2% 9.6%
Net sales 1 8,598 11,667 12,839 13,691 14,733 16,202 17,353 18,650
EBITDA 1 1,477 2,349 2,680 2,934 3,501 4,103 4,527 4,971
EBIT 1 186 1,085 1,033 1,319 1,871 2,840 3,171 3,483
Net income 1 -269 352 797 1,234 1,294 2,268 2,521 2,872
Net Debt 1 4,139 341 592 1,783 428 -2,002 -3,432 -5,063
Reference price 2 180.72 87.60 151.79 186.33 283.31 324.17 324.17 324.17
Nbr of stocks (in thousands) 151,528 156,091 138,848 128,346 122,533 120,019 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.99x5.51x14.87x0.8% 158B
17.62x2.28x8.99x0.59% 38.91B
16.6x1.94x7.31x0.76% 29.24B
124.8x5.13x28.86x0% 5.72B
8.25x0.82x3.17x2.57% 3.94B
47.83x4.42x27.97x-.--% 1.9B
16.2x0.76x4.66x3.23% 1.83B
48.12x1.38x7.67x0.38% 1.55B
37.14x0.79x5.43x-.--% 1.18B
Average 37.39x 2.56x 12.10x 0.93% 26.88B
Weighted average by Cap. 21.93x 4.38x 13.08x 0.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Expedia Group, Inc.