Added to YB: 2026-09-11
Pitch date: 2026-09-09
BKNG [bullish]
Booking Holdings Inc.
+1.33%
current return
Author Info
Asymmetric Ventures Portfolio is a CFA and investor looking for asymmetric investments in Europe and North America. Sign up for the newsletter.
Company Info
Booking Holdings Inc., together with its subsidiaries, provides online and traditional travel and restaurant reservations and related services in the United States, the Netherlands, the United Kingdom, and internationally.
Market Cap
$130.3B
Pitch Price
$171.70
Price Target
N/A
Dividend
0.97%
EV/EBITDA
12.54
P/E
19.17
EV/Sales
4.74
Sector
Hotels, Restaurants and Leisure
Category
growth
Booking Holdings Inc. - $BKNG
BKNG: Booking Holdings combines the world’s largest online travel intermediary — Booking.com facilitates over $185 billion of gross bookings and is 1.5x Expedia’s size — with travel-industry tailwinds, capital-light cash generation and disciplined buybacks. At roughly 23x earnings and 18x free cash flow, the valuation is reasonable for double-digit FCF-per-share compounding. Key risks are hotels driving direct bookings and generative-AI agents disintermediating the search-to-booking funnel.
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