EXPE - Expedia Group, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$270.33
DETAILS
HIGH:
$325.00
LOW:
$240.00
MEDIAN:
$260.00
CONSENSUS:
$270.33
DOWNSIDE:
0.18%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
85% confidence
Primary model: Two-stage FCF DCF
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