Added to YB: 2024-05-24
Pitch date: 2024-03-31
ABNB [bullish]
Airbnb, Inc.
-22.86%
current return
Author Info
No bio for this author
Company Info
Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide.
Market Cap
$69.3B
Pitch Price
$166.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.15
P/E
27.24
EV/Sales
5.01
Sector
Hotels, Restaurants and Leisure
Category
growth
Polen Capital Global Growth Strategy New Position: Airbnb, Inc.
ABNB: Superior biz model w/ global network effects. Hosts' low cost of capital & flexibility advantage vs hotels. Private rentals could reach 30%+ of lodging long-term, enabling low double-digit GBV growth. ABNB to gain share as network effects strengthen, driving mid-teens rev growth & high-teens EPS growth w/ flat to rising margins over time + strong FCF. Mgmt proven owner-oriented. Compelling LT opportunity despite discretionary risk & non-linear path.
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