EXPE - Expedia Group, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$344.40
DETAILS
HIGH:
$430.00
LOW:
$285.00
MEDIAN:
$325.00
CONSENSUS:
$344.40
UPSIDE:
22.64%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
85% confidence
Primary model: Two-stage FCF DCF
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