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: $271.47 DETAILS
HIGH: $330.00
LOW: $240.00
MEDIAN: $260.00
CONSENSUS: $271.47
UPSIDE: 26.47%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 54.9% below fair value
Current Price $214.65
Bear Case $342.12 59.4% upside ($342.12 - $214.65) / $214.65 = 59.4% 7% stage 1 growth, 11% discount
Fair Value $476.42 122.0% upside ($476.42 - $214.65) / $214.65 = 122.0% 11% stage 1 growth, 11% discount
Bull Case $612.59 185.4% upside ($612.59 - $214.65) / $214.65 = 185.4% 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 8.5x

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 $271.47 from 75 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $476.42 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 $271.47 (from 75 analysts). Our estimate is 116% 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