Added to YB: 2024-05-24
Pitch date: 2024-03-31
ABNB [bullish]
Airbnb, Inc.
-24.41%
current return
Author Info
No bio for this author
Company Info
Airbnb, Inc., together with its subsidiaries, operates a platform for stays, experiences, and services worldwide.
Market Cap
$74.5B
Pitch Price
$166.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
24.78
P/E
30.80
EV/Sales
5.37
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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