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

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 36
HOLD 38
SELL 2
STRONG
SELL
0
| PRICE TARGET: $344.40 DETAILS
HIGH: $430.00
LOW: $285.00
MEDIAN: $325.00
CONSENSUS: $344.40
UPSIDE: 22.64%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 57.9% below fair value
Current Price $280.83
Bear Case $469.81 67.3% upside ($469.81 - $280.83) / $280.83 = 67.3% 7% stage 1 growth, 11% discount
Fair Value $666.61 137.4% upside ($666.61 - $280.83) / $280.83 = 137.4% 12% stage 1 growth, 11% discount
Bull Case $869.23 209.5% upside ($869.23 - $280.83) / $280.83 = 209.5% 15% stage 1 growth, 11% discount

Adjust Assumptions

11.9%
11.0%
3.0%

Key Value Driver

FCF growth rate (12% base case)

Terminal Value % of EV 40%
Implied Market Multiple 10.3x
Market is pricing in (growth) -0.1% vs our 11.8% base

Plain-Language Summary

Using a two-stage FCF DCF with 12% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $666.61 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (76 analysts) $344.40
Analyst Range $285.00 – $430.00
Divergence from AlphaVal 94%

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 $344.40 (from 76 analysts). Our estimate is 94% 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