BOOKING HOLDINGS INC (PCE1.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:PCE1 - US09857L1089 - Common Stock
4351 EUR
-50 (-1.14%)
Taking everything into account, PCE1 scores 6 out of 10 in our fundamental rating. PCE1 was compared to 60 industry peers in the Hotels, Restaurants & Leisure industry. Both the health and profitability get an excellent rating, making PCE1 a very profitable company, without any liquidiy or solvency issues. PCE1 is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make PCE1 a good candidate for growth and quality investing.
1. Profitability
1.1 Basic Checks
- In the past year PCE1 was profitable.
- In the past year PCE1 had a positive cash flow from operations.
- PCE1 had positive earnings in each of the past 5 years.
- PCE1 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- PCE1 has a better Return On Assets (17.54%) than 98.33% of its industry peers.
- PCE1's Return On Invested Capital of 58.48% is amongst the best of the industry. PCE1 outperforms 100.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for PCE1 is significantly above the industry average of 11.82%.
- The last Return On Invested Capital (58.48%) for PCE1 is above the 3 year average (39.14%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.54% | ||
| ROE | N/A | ||
| ROIC | 58.48% |
ROA(3y)16.97%
ROA(5y)11.22%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)39.14%
ROIC(5y)26.17%
1.3 Margins
- With an excellent Profit Margin value of 19.37%, PCE1 belongs to the best of the industry, outperforming 88.33% of the companies in the same industry.
- PCE1's Profit Margin has declined in the last couple of years.
- PCE1 has a Operating Margin of 35.29%. This is amongst the best in the industry. PCE1 outperforms 96.67% of its industry peers.
- PCE1's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.29% | ||
| PM (TTM) | 19.37% | ||
| GM | N/A |
OM growth 3Y13.4%
OM growth 5Y-1.21%
PM growth 3Y32.58%
PM growth 5Y-5.16%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PCE1 is creating value.
- PCE1 has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, PCE1 has less shares outstanding
- The debt/assets ratio for PCE1 is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 7.09 indicates that PCE1 is not in any danger for bankruptcy at the moment.
- The Altman-Z score of PCE1 (7.09) is better than 96.67% of its industry peers.
- PCE1 has a debt to FCF ratio of 2.04. This is a good value and a sign of high solvency as PCE1 would need 2.04 years to pay back of all of its debts.
- The Debt to FCF ratio of PCE1 (2.04) is better than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 2.04 | ||
| Altman-Z | 7.09 |
ROIC/WACC6.88
WACC8.5%
2.3 Liquidity
- A Current Ratio of 1.33 indicates that PCE1 should not have too much problems paying its short term obligations.
- PCE1's Current ratio of 1.33 is amongst the best of the industry. PCE1 outperforms 83.33% of its industry peers.
- A Quick Ratio of 1.33 indicates that PCE1 should not have too much problems paying its short term obligations.
- With an excellent Quick ratio value of 1.33, PCE1 belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 24.18% over the past year.
- The Earnings Per Share has been growing by 12.66% on average over the past years. This is quite good.
- The Revenue has grown by 12.96% in the past year. This is quite good.
- The Revenue has been growing by 9.52% on average over the past years. This is quite good.
EPS 1Y (TTM)24.18%
EPS 3Y60.13%
EPS 5Y12.66%
EPS Q2Q%18.61%
Revenue 1Y (TTM)12.96%
Revenue growth 3Y29.39%
Revenue growth 5Y9.52%
Sales Q2Q%12.68%
3.2 Future
- The Earnings Per Share is expected to grow by 17.61% on average over the next years. This is quite good.
- Based on estimates for the next years, PCE1 will show a quite strong growth in Revenue. The Revenue will grow by 9.39% on average per year.
EPS Next Y21.8%
EPS Next 2Y20.18%
EPS Next 3Y18.73%
EPS Next 5Y17.61%
Revenue Next Year13.74%
Revenue Next 2Y11.4%
Revenue Next 3Y10.49%
Revenue Next 5Y9.39%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 23.02, PCE1 is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of PCE1 indicates a somewhat cheap valuation: PCE1 is cheaper than 68.33% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.21, PCE1 is valued at the same level.
- A Price/Forward Earnings ratio of 18.78 indicates a rather expensive valuation of PCE1.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PCE1 indicates a somewhat cheap valuation: PCE1 is cheaper than 66.67% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. PCE1 is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.02 | ||
| Fwd PE | 18.78 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as PCE1.
- PCE1's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.74 | ||
| EV/EBITDA | 16.96 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- PCE1 has a very decent profitability rating, which may justify a higher PE ratio.
- PCE1's earnings are expected to grow with 18.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.06
PEG (5Y)1.82
EPS Next 2Y20.18%
EPS Next 3Y18.73%
5. Dividend
5.1 Amount
- PCE1 has a yearly dividend return of 0.60%, which is pretty low.
- Compared to an average industry Dividend Yield of 1.29, PCE1 has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, PCE1's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 24.39% of the earnings are spent on dividend by PCE1. This is a low number and sustainable payout ratio.
DP24.39%
EPS Next 2Y20.18%
EPS Next 3Y18.73%
BOOKING HOLDINGS INC / PCE1.DE FAQ
Can you provide the ChartMill fundamental rating for BOOKING HOLDINGS INC?
ChartMill assigns a fundamental rating of 6 / 10 to PCE1.DE.
What is the valuation status of BOOKING HOLDINGS INC (PCE1.DE) stock?
ChartMill assigns a valuation rating of 4 / 10 to BOOKING HOLDINGS INC (PCE1.DE). This can be considered as Fairly Valued.
How profitable is BOOKING HOLDINGS INC (PCE1.DE) stock?
BOOKING HOLDINGS INC (PCE1.DE) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for PCE1 stock?
The Earnings per Share (EPS) of BOOKING HOLDINGS INC (PCE1.DE) is expected to grow by 21.8% in the next year.
How sustainable is the dividend of BOOKING HOLDINGS INC (PCE1.DE) stock?
The dividend rating of BOOKING HOLDINGS INC (PCE1.DE) is 2 / 10 and the dividend payout ratio is 24.39%.