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

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 35
HOLD 39
SELL 2
STRONG
SELL
0
| PRICE TARGET: $271.93 DETAILS
HIGH: $330.00
LOW: $244.00
MEDIAN: $260.00
CONSENSUS: $271.93
DOWNSIDE: 8.07%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Moderate
Trading 37.8% below fair value
Current Price $295.79
Bear Case $341.94 15.6% upside ($341.94 - $295.79) / $295.79 = 15.6% 7% stage 1 growth, 11% discount
Fair Value $475.72 60.8% upside ($475.72 - $295.79) / $295.79 = 60.8% 11% stage 1 growth, 11% discount
Bull Case $611.25 106.6% upside ($611.25 - $295.79) / $295.79 = 106.6% 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 11.8x
Market is pricing in (growth) 1.8% 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 $271.93 from 76 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $475.72 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 $271.93 (from 76 analysts). Our estimate is 115% 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