(BKNG) Booking Holdings - NASDAQ
Sector: Consumer Cyclical | Industry: Travel Services | Exchange: NASDAQ (USA) | Market Cap: 126.762m USD | Total Return: -22.6% in 12m
Avg Turnover: 1.18B
EPS Trend: 52.5%
Qual. Beats: 0
Rev. Trend: 99.4%
Qual. Beats: 0
Warnings
Fakeout
Tailwinds
No distinct edge detected
Booking Holdings Inc. (BKNG) is a global leader in the online travel agency (OTA) sector, operating a portfolio of brands including Booking.com, Priceline, Agoda, KAYAK, and OpenTable. The company facilitates reservations for accommodations, flights, rental cars, and dining across international markets, generating revenue primarily through commission-based and merchant models.
The OTA business model benefits from network effects, where a high volume of property listings attracts more consumers, subsequently drawing more service providers to the platform. As part of the broader consumer discretionary sector, the companys performance is closely tied to global travel demand and the ongoing shift from offline to digital booking platforms.
For a more detailed breakdown of the companys competitive positioning, consider exploring the data available on ValueRay.
Founded in 1997 and headquartered in Connecticut, the company has expanded its ecosystem to include travel insurance, payment facilitation, and restaurant management software. This diversification allows Booking Holdings to capture value across multiple stages of the consumer travel itinerary.
- European travel demand and room night growth drive merchant revenue
- Alternative accommodations expansion increases market share against Airbnb
- Merchant model transition improves take rates and payment processing revenue
- Regulatory scrutiny under EU Digital Markets Act impacts platform operations
| Net Income: 6.15b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.26 > 0.02 and ΔFCF/TA 2.44 > 1.0 |
| NWC/Revenue: 4.06% < 20% (prev 14.76%; Δ -10.71% < -1%) |
| CFO/TA 0.34 > 3% & CFO 9.34b > Net Income 6.15b |
| Net Debt (9.25b) to EBITDA (9.51b): 0.97 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (794.0m) vs 12m ago -4.03% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 100.8% > 50% (prev 88.58%; Δ 12.26% > 0%) |
| Interest Coverage Ratio: 7.21 > 6 (EBIT TTM 8.80b / Interest Expense TTM 1.22b) |
| A: 0.04 (Total Current Assets 20.9b - Total Current Liabilities 19.8b) / Total Assets 27.7b |
| B: 1.49 (Retained Earnings 41.4b / Total Assets 27.7b) |
| C: 0.32 (EBIT TTM 8.80b / Avg Total Assets 27.5b) |
| D: -0.24 (Book Value of Equity -8.72b / Total Liabilities 36.4b) |
| Altman-Z'' = 7.04 = AAA |
| DSRI: 0.93 (Receivables 3.52b/3.29b, Revenue 27.7b/24.1b) |
| GMI: 1.00 (GM 97.01% / 97.23%) |
| AQI: 1.01 (AQ_t 0.22 / AQ_t-1 0.21) |
| SGI: 1.15 (Revenue 27.7b / 24.1b) |
| TATA: -0.11 (NI 6.15b - CFO 9.34b) / TA 27.7b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of June 15, 2026, the stock is trading at USD 164.94 with a total of 6,364,680 shares traded.
Over the past week, the price has changed by -0.54%,
over one month by +7.04%,
over three months by -3.71% and
over the past year by -22.55%.
Booking Holdings has received a consensus analysts rating of 4.23. Therefore, it is recommended to buy BKNG.
- StrongBuy: 21
- Buy: 6
- Hold: 12
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 224.4 | 36.1% |
P/E Trailing = 21.5534
P/E Forward = 15.3374
P/S = 4.5784
P/B = 34.9536
P/EG = 0.6936
Revenue TTM = 27.7b USD
EBIT TTM = 8.80b USD
EBITDA TTM = 9.51b USD
Long Term Debt = 15.4b USD (from longTermDebt, last quarter)
Short Term Debt = 3.02b USD (from shortTermDebt, last quarter)
Debt = 19.5b USD (from shortLongTermDebtTotal, last quarter) + Leases 530.0m
Net Debt = 9.25b USD (calculated: Debt 19.5b - CCE 10.2b)
Enterprise Value = 136b USD (127b + Debt 19.5b - CCE 10.2b)
Interest Coverage Ratio = 7.21 (Ebit TTM 8.80b / Interest Expense TTM 1.22b)
EV/FCF = 18.95x (Enterprise Value 136b / FCF TTM 7.18b)
FCF Yield = 5.28% (FCF TTM 7.18b / Enterprise Value 136b)
FCF Margin = 25.92% (FCF TTM 7.18b / Revenue TTM 27.7b)
Net Margin = 22.23% (Net Income TTM 6.15b / Revenue TTM 27.7b)
Gross Margin = unknown ((Revenue TTM 27.7b - Cost of Revenue TTM 768.0m) / Revenue TTM)
Tobins Q-Ratio = 4.91 (Enterprise Value 136b / Total Assets 27.7b)
Interest Expense / Debt = 6.27% (Interest Expense 1.22b / Debt 19.5b)
Taxrate = 21.46% (1.68b / 7.83b)
NOPAT = 6.91b (EBIT 8.80b * (1 - 21.46%))
Current Ratio = 0.87 (Total Current Assets 20.9b / Total Current Liabilities 23.9b)
Debt / Equity = -2.23 (negative equity) (Debt 19.5b / totalStockholderEquity, last quarter -8.72b)
Debt / EBITDA = 0.97 (Net Debt 9.25b / EBITDA 9.51b)
Debt / FCF = 1.29 (Net Debt 9.25b / FCF TTM 7.18b)
Total Stockholder Equity = -6.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 22.41% (Net Income 6.15b / Total Assets 27.7b)
RoE = -95.80% (negative equity) (Net Income TTM 6.15b / Total Stockholder Equity -6.42b)
RoCE = 98.05% (EBIT 8.80b / Capital Employed (Equity -6.42b + L.T.Debt 15.4b))
RoIC = 72.45% (NOPAT 6.91b / Invested Capital 9.54b)
WACC = 9.18% (E(127b)/V(146b) * Re(9.83%) + D(19.5b)/V(146b) * Rd(6.27%) * (1-Tc(0.21)))
Discount Rate = 9.83% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -4.49%
[DCF] Terminal Value 74.92% ; FCFF base≈6.86b ; Y1≈7.70b ; Y5≈10.7b
[DCF] Fair Price = 171.1 (EV 142b - Net Debt 9.25b = Equity 133b / Shares 774.9m; r=9.18% [WACC]; 5y FCF grow 12.56% → 2.50% )
EPS Correlation: 52.50 | EPS CAGR: 41.87% | SUE: 0.02 | # QB: 0
Revenue Correlation: 99.44 | Revenue CAGR: 12.81% | SUE: 0.17 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.44 | Chg30d=+0.00% | Revisions=-76% | Analysts=22
EPS next Quarter (2026-09-30): EPS=4.55 | Chg30d=+0.00% | Revisions=-60% | Analysts=22
EPS current Year (2026-12-31): EPS=10.45 | Chg30d=+0.00% | Revisions=-74% | GrowthEPS=+14.6% | GrowthRev=+9.1%
EPS next Year (2027-12-31): EPS=12.30 | Chg30d=-0.00% | Revisions=-33% | GrowthEPS=+17.7% | GrowthRev=+9.3%
[Analyst] Revisions Ratio: -76%