BOOKING HOLDINGS INC (BKNG) Fundamental Analysis & Valuation

NASDAQ:BKNG • US09857L1089

Current stock price

170.3 USD
+1.94 (+1.15%)
Last:

This BKNG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. BKNG Profitability Analysis

1.1 Basic Checks

  • In the past year BKNG was profitable.
  • In the past year BKNG had a positive cash flow from operations.
  • In the past 5 years BKNG has always been profitable.
  • BKNG had a positive operating cash flow in each of the past 5 years.
BKNG Yearly Net Income VS EBIT VS OCF VS FCFBKNG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

1.2 Ratios

  • BKNG has a better Return On Assets (22.20%) than 96.83% of its industry peers.
  • BKNG has a Return On Invested Capital of 97.86%. This is amongst the best in the industry. BKNG outperforms 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BKNG is significantly above the industry average of 10.55%.
  • The last Return On Invested Capital (97.86%) for BKNG is above the 3 year average (52.44%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 22.2%
ROE N/A
ROIC 97.86%
ROA(3y)19.1%
ROA(5y)14.86%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)52.44%
ROIC(5y)38.4%
BKNG Yearly ROA, ROE, ROICBKNG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 -100 -150

1.3 Margins

  • Looking at the Profit Margin, with a value of 22.23%, BKNG belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
  • In the last couple of years the Profit Margin of BKNG has grown nicely.
  • BKNG has a better Operating Margin (34.99%) than 98.41% of its industry peers.
  • BKNG's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 34.99%
PM (TTM) 22.23%
GM N/A
OM growth 3Y8.35%
OM growth 5Y40.5%
PM growth 3Y3.91%
PM growth 5Y87.42%
GM growth 3YN/A
GM growth 5YN/A
BKNG Yearly Profit, Operating, Gross MarginsBKNG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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6

2. BKNG Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BKNG is creating value.
  • Compared to 1 year ago, BKNG has less shares outstanding
  • BKNG has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BKNG has a worse debt to assets ratio.
BKNG Yearly Shares OutstandingBKNG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
BKNG Yearly Total Debt VS Total AssetsBKNG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • An Altman-Z score of 6.49 indicates that BKNG is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.49, BKNG belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
  • The Debt to FCF ratio of BKNG is 2.04, which is a good value as it means it would take BKNG, 2.04 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.04, BKNG belongs to the top of the industry, outperforming 84.13% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.04
Altman-Z 6.49
ROIC/WACC11.41
WACC8.58%
BKNG Yearly LT Debt VS Equity VS FCFBKNG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.06 indicates that BKNG should not have too much problems paying its short term obligations.
  • The Current ratio of BKNG (1.06) is comparable to the rest of the industry.
  • A Quick Ratio of 1.06 indicates that BKNG should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.06, BKNG perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 1.06
BKNG Yearly Current Assets VS Current LiabilitesBKNG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. BKNG Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 20.84% over the past year.
  • BKNG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 117.82% yearly.
  • BKNG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.95%.
  • The Revenue has been growing by 31.69% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)20.84%
EPS 3Y31.39%
EPS 5Y117.82%
EPS Q2Q%14.87%
Revenue 1Y (TTM)14.95%
Revenue growth 3Y16.35%
Revenue growth 5Y31.69%
Sales Q2Q%16.17%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.66% on average over the next years. This is quite good.
  • Based on estimates for the next years, BKNG will show a quite strong growth in Revenue. The Revenue will grow by 8.75% on average per year.
EPS Next Y19.15%
EPS Next 2Y18.15%
EPS Next 3Y17.55%
EPS Next 5Y16.66%
Revenue Next Year12.2%
Revenue Next 2Y10.33%
Revenue Next 3Y9.59%
Revenue Next 5Y8.75%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BKNG Yearly Revenue VS EstimatesBKNG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
BKNG Yearly EPS VS EstimatesBKNG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20

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6

4. BKNG Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 18.33, BKNG is valued on the expensive side.
  • BKNG's Price/Earnings ratio is a bit cheaper when compared to the industry. BKNG is cheaper than 70.63% of the companies in the same industry.
  • BKNG is valuated rather cheaply when we compare the Price/Earnings ratio to 26.77, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 13.35, the valuation of BKNG can be described as correct.
  • 77.78% of the companies in the same industry are more expensive than BKNG, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.75, BKNG is valued a bit cheaper.
Industry RankSector Rank
PE 18.33
Fwd PE 13.35
BKNG Price Earnings VS Forward Price EarningsBKNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • BKNG's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, BKNG is valued cheaply inside the industry as 81.75% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 14.93
EV/EBITDA 13.19
BKNG Per share dataBKNG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30

4.3 Compensation for Growth

  • BKNG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of BKNG may justify a higher PE ratio.
  • A more expensive valuation may be justified as BKNG's earnings are expected to grow with 17.55% in the coming years.
PEG (NY)0.96
PEG (5Y)0.16
EPS Next 2Y18.15%
EPS Next 3Y17.55%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. BKNG Dividend Analysis

5.1 Amount

  • BKNG has a yearly dividend return of 0.97%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.05, BKNG pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.97, BKNG pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.97%

5.2 History

  • BKNG has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
BKNG Yearly Dividends per shareBKNG Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • BKNG pays out 20.67% of its income as dividend. This is a sustainable payout ratio.
DP20.67%
EPS Next 2Y18.15%
EPS Next 3Y17.55%
BKNG Yearly Income VS Free CF VS DividendBKNG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B
BKNG Dividend Payout.BKNG Dividend Payout, showing the Payout Ratio.BKNG Dividend Payout.PayoutRetained Earnings

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BKNG Fundamentals: All Metrics, Ratios and Statistics

BOOKING HOLDINGS INC

NASDAQ:BKNG (5/1/2026, 1:52:09 PM)

170.3

+1.94 (+1.15%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Industry Strength68.32
Industry Growth60.25
Earnings (Last)04-28
Earnings (Next)07-27
Inst Owners96.71%
Inst Owner Change-0.07%
Ins Owners0.19%
Ins Owner Change-2.11%
Market Cap134.85B
Revenue(TTM)27.69B
Net Income(TTM)6.15B
Analysts81.33
Price Target237.21 (39.29%)
Short Float %N/A
Short Ratio10.95
Dividend
Industry RankSector Rank
Dividend Yield 0.97%
Yearly Dividend1.54
Dividend Growth(5Y)N/A
DP20.67%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-06
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.36%
Min EPS beat(2)-1.28%
Max EPS beat(2)4.01%
EPS beat(4)3
Avg EPS beat(4)3.21%
Min EPS beat(4)-1.28%
Max EPS beat(4)8.15%
EPS beat(8)7
Avg EPS beat(8)9.93%
EPS beat(12)11
Avg EPS beat(12)13.24%
EPS beat(16)15
Avg EPS beat(16)11.64%
Revenue beat(2)1
Avg Revenue beat(2)-0.07%
Min Revenue beat(2)-1.69%
Max Revenue beat(2)1.55%
Revenue beat(4)3
Avg Revenue beat(4)0.7%
Min Revenue beat(4)-1.69%
Max Revenue beat(4)1.66%
Revenue beat(8)6
Avg Revenue beat(8)1.3%
Revenue beat(12)8
Avg Revenue beat(12)1.2%
Revenue beat(16)10
Avg Revenue beat(16)0.77%
PT rev (1m)-96.02%
PT rev (3m)-96.24%
EPS NQ rev (1m)-95.99%
EPS NQ rev (3m)-96.35%
EPS NY rev (1m)-96%
EPS NY rev (3m)-96%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)3.36%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)2.85%
Valuation
Industry RankSector Rank
PE 18.33
Fwd PE 13.35
P/S 4.87
P/FCF 14.93
P/OCF 14.44
P/B N/A
P/tB N/A
EV/EBITDA 13.19
EPS(TTM)9.29
EY5.46%
EPS(NY)12.76
Fwd EY7.49%
FCF(TTM)11.41
FCFY6.7%
OCF(TTM)11.8
OCFY6.93%
SpS34.97
BVpS-11.02
TBVpS-15.49
PEG (NY)0.96
PEG (5Y)0.16
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 22.2%
ROE N/A
ROCE 122.51%
ROIC 97.86%
ROICexc N/A
ROICexgc N/A
OM 34.99%
PM (TTM) 22.23%
GM N/A
FCFM 32.63%
ROA(3y)19.1%
ROA(5y)14.86%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)52.44%
ROIC(5y)38.4%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)65.64%
ROCE(5y)48.08%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y8.35%
OM growth 5Y40.5%
PM growth 3Y3.91%
PM growth 5Y87.42%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2.04
Debt/EBITDA 1.5
Cap/Depr 51.33%
Cap/Sales 1.11%
Interest Coverage 250
Cash Conversion 90.79%
Profit Quality 146.78%
Current Ratio 1.06
Quick Ratio 1.06
Altman-Z 6.49
F-Score7
WACC8.58%
ROIC/WACC11.41
Cap/Depr(3y)64.24%
Cap/Depr(5y)69.31%
Cap/Sales(3y)1.54%
Cap/Sales(5y)1.91%
Profit Quality(3y)155.18%
Profit Quality(5y)176.76%
High Growth Momentum
Growth
EPS 1Y (TTM)20.84%
EPS 3Y31.39%
EPS 5Y117.82%
EPS Q2Q%14.87%
EPS Next Y19.15%
EPS Next 2Y18.15%
EPS Next 3Y17.55%
EPS Next 5Y16.66%
Revenue 1Y (TTM)14.95%
Revenue growth 3Y16.35%
Revenue growth 5Y31.69%
Sales Q2Q%16.17%
Revenue Next Year12.2%
Revenue Next 2Y10.33%
Revenue Next 3Y9.59%
Revenue Next 5Y8.75%
EBIT growth 1Y22.77%
EBIT growth 3Y26.07%
EBIT growth 5Y85.03%
EBIT Next Year25.82%
EBIT Next 3Y15.52%
EBIT Next 5Y13.21%
FCF growth 1Y33.39%
FCF growth 3Y13.68%
FCF growth 5YN/A
OCF growth 1Y30.48%
OCF growth 3Y12.81%
OCF growth 5Y156.35%

BOOKING HOLDINGS INC / BKNG Fundamental Analysis FAQ

What is the ChartMill fundamental rating of BOOKING HOLDINGS INC (BKNG) stock?

ChartMill assigns a fundamental rating of 7 / 10 to BKNG.


What is the valuation status for BKNG stock?

ChartMill assigns a valuation rating of 6 / 10 to BOOKING HOLDINGS INC (BKNG). This can be considered as Fairly Valued.


How profitable is BOOKING HOLDINGS INC (BKNG) stock?

BOOKING HOLDINGS INC (BKNG) has a profitability rating of 8 / 10.


Can you provide the financial health for BKNG stock?

The financial health rating of BOOKING HOLDINGS INC (BKNG) is 6 / 10.


Can you provide the dividend sustainability for BKNG stock?

The dividend rating of BOOKING HOLDINGS INC (BKNG) is 3 / 10 and the dividend payout ratio is 20.67%.