Expedia Group, Inc. logo EXPE - Expedia Group, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 34
HOLD 39
SELL 2
STRONG
SELL
0
| PRICE TARGET: $270.33 DETAILS
HIGH: $325.00
LOW: $240.00
MEDIAN: $260.00
CONSENSUS: $270.33
DOWNSIDE: 0.18%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 43.1% below fair value
Current Price $270.83
Bear Case $341.83 26.2% upside ($341.83 - $270.83) / $270.83 = 26.2% 7% stage 1 growth, 11% discount
Fair Value $476.03 75.8% upside ($476.03 - $270.83) / $270.83 = 75.8% 11% stage 1 growth, 11% discount
Bull Case $612.07 126.0% upside ($612.07 - $270.83) / $270.83 = 126.0% 15% stage 1 growth, 11% discount

Adjust Assumptions

11.2%
11.0%
3.0%

Key Value Driver

FCF growth rate (11% base case)

Terminal Value % of EV 40%
Implied Market Multiple 10.8x
Market is pricing in (growth) 0.6% vs our 11.2% base

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $270.33 from 75 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $476.03 per share.

Warnings

Stock-based employee pay equals 31% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $270.33 (from 75 analysts). Our estimate is 117% above the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions