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 33,231 - -
Change - -50.07% 54.14% 13.47% 45.16% -4.27% - -
Enterprise Value (EV) 1 31,523 14,015 21,668 25,698 35,143 31,229 29,799 28,168
Change - -55.54% 54.61% 18.6% 36.75% -11.14% -4.58% -5.47%
P/E -100x 40.4x 28.6x 20.8x 28.9x 15x 13.1x 11.2x
PBR 13.7x 5.88x 14.9x 15.4x 27x 16.2x 11.3x 7.23x
PEG - -0x 0x 0.3x 3.01x 0.2x 0.9x 0.7x
Capitalization / Revenue 3.18x 1.17x 1.64x 1.75x 2.36x 2.05x 1.92x 1.78x
EV / Revenue 3.67x 1.2x 1.69x 1.88x 2.39x 1.93x 1.72x 1.51x
EV / EBITDA 21.3x 5.97x 8.08x 8.76x 10x 7.56x 6.56x 5.62x
EV / EBIT 169x 12.9x 21x 19.5x 18.8x 11x 9.4x 8.09x
EV / FCF 10.3x 5.04x 11.8x 11x 11.3x 8.5x 7.96x 7.21x
FCF Yield 9.75% 19.8% 8.51% 9.06% 8.85% 11.8% 12.6% 13.9%
Dividend per Share 2 - - - - 1.6 1.909 2.161 2.349
Rate of return - - - - 0.56% 0.69% 0.78% 0.85%
EPS 2 -1.8 2.17 5.31 8.95 9.81 18.42 21.19 24.68
Distribution rate - - - - 16.3% 10.4% 10.2% 9.52%
Net sales 1 8,598 11,667 12,839 13,691 14,733 16,201 17,350 18,644
EBITDA 1 1,477 2,349 2,680 2,934 3,501 4,128 4,540 5,009
EBIT 1 186 1,085 1,033 1,319 1,871 2,841 3,169 3,483
Net income 1 -269 352 797 1,234 1,294 2,270 2,522 2,872
Net Debt 1 4,139 341 592 1,783 428 -2,002 -3,432 -5,063
Reference price 2 180.72 87.60 151.79 186.33 283.31 276.88 276.88 276.88
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.($)
14.8x1.9x7.44x0.7% 32.72B
16.52x4.59x12.38x0.97% 130B
14.04x1.48x5.61x0.9% 24.68B
100.72x4.21x23.71x0% 4.61B
7.22x0.62x2.39x3% 3.26B
48.35x4.47x28.3x-.--% 1.93B
11.03x0.76x4.51x4.46% 1.64B
38.3x1.44x7.3x0.36% 1.63B
32.66x0.7x4.81x-.--% 1.03B
84x - - - 1.01B
Average 36.76x 2.24x 10.72x 1.16% 20.28B
Weighted average by Cap. 18.56x 3.62x 10.86x 0.94%

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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  4. Valuation Expedia Group, Inc.
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