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BOOKING HOLDINGS INC (BKNG) Stock Fundamental Analysis

NASDAQ:BKNG - US09857L1089 - Common Stock

5474.81 USD
-97.02 (-1.74%)
Last: 9/10/2025, 8:00:01 PM
5474.81 USD
0 (0%)
After Hours: 9/10/2025, 8:00:01 PM
Fundamental Rating

6

Taking everything into account, BKNG scores 6 out of 10 in our fundamental rating. BKNG was compared to 134 industry peers in the Hotels, Restaurants & Leisure industry. BKNG has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. BKNG is not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, BKNG could be worth investigating further for growth and quality investing!.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

BKNG had positive earnings in the past year.
BKNG had a positive operating cash flow in the past year.
In the past 5 years BKNG has always been profitable.
Each year in the past 5 years BKNG had a positive operating cash flow.
BKNG Yearly Net Income VS EBIT VS OCF VS FCFBKNG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B

1.2 Ratios

With an excellent Return On Assets value of 15.69%, BKNG belongs to the best of the industry, outperforming 93.28% of the companies in the same industry.
BKNG has a Return On Invested Capital of 54.90%. This is amongst the best in the industry. BKNG outperforms 98.51% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BKNG is significantly above the industry average of 15.68%.
The 3 year average ROIC (39.14%) for BKNG is below the current ROIC(54.90%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 15.69%
ROE N/A
ROIC 54.9%
ROA(3y)16.97%
ROA(5y)11.22%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)39.14%
ROIC(5y)26.17%
BKNG Yearly ROA, ROE, ROICBKNG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 -100 -150

1.3 Margins

BKNG has a Profit Margin of 19.23%. This is amongst the best in the industry. BKNG outperforms 92.54% of its industry peers.
In the last couple of years the Profit Margin of BKNG has declined.
The Operating Margin of BKNG (33.26%) is better than 98.51% of its industry peers.
In the last couple of years the Operating Margin of BKNG has remained more or less at the same level.
Industry RankSector Rank
OM 33.26%
PM (TTM) 19.23%
GM N/A
OM growth 3Y13.4%
OM growth 5Y-1.21%
PM growth 3Y32.58%
PM growth 5Y-5.16%
GM growth 3YN/A
GM growth 5YN/A
BKNG Yearly Profit, Operating, Gross MarginsBKNG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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7

2. Health

2.1 Basic Checks

BKNG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for BKNG has been reduced compared to 1 year ago.
The number of shares outstanding for BKNG has been reduced compared to 5 years ago.
Compared to 1 year ago, BKNG has a worse debt to assets ratio.
BKNG Yearly Shares OutstandingBKNG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
BKNG Yearly Total Debt VS Total AssetsBKNG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

BKNG has an Altman-Z score of 6.44. This indicates that BKNG is financially healthy and has little risk of bankruptcy at the moment.
BKNG has a Altman-Z score of 6.44. This is amongst the best in the industry. BKNG outperforms 86.57% of its industry peers.
BKNG has a debt to FCF ratio of 2.00. This is a very positive value and a sign of high solvency as it would only need 2.00 years to pay back of all of its debts.
The Debt to FCF ratio of BKNG (2.00) is better than 83.58% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2
Altman-Z 6.44
ROIC/WACC6.23
WACC8.81%
BKNG Yearly LT Debt VS Equity VS FCFBKNG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

2.3 Liquidity

A Current Ratio of 1.25 indicates that BKNG should not have too much problems paying its short term obligations.
BKNG has a better Current ratio (1.25) than 63.43% of its industry peers.
A Quick Ratio of 1.25 indicates that BKNG should not have too much problems paying its short term obligations.
BKNG has a Quick ratio of 1.25. This is in the better half of the industry: BKNG outperforms 66.42% of its industry peers.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 1.25
BKNG Yearly Current Assets VS Current LiabilitesBKNG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

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7

3. Growth

3.1 Past

BKNG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.43%, which is quite impressive.
The Earnings Per Share has been growing by 12.66% on average over the past years. This is quite good.
Looking at the last year, BKNG shows a quite strong growth in Revenue. The Revenue has grown by 11.72% in the last year.
The Revenue has been growing by 9.52% on average over the past years. This is quite good.
EPS 1Y (TTM)23.43%
EPS 3Y60.13%
EPS 5Y12.66%
EPS Q2Q%32.22%
Revenue 1Y (TTM)11.72%
Revenue growth 3Y29.39%
Revenue growth 5Y9.52%
Sales Q2Q%16.03%

3.2 Future

The Earnings Per Share is expected to grow by 16.53% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.08% on average over the next years. This is quite good.
EPS Next Y20.65%
EPS Next 2Y18.06%
EPS Next 3Y17.22%
EPS Next 5Y16.53%
Revenue Next Year12.43%
Revenue Next 2Y10.49%
Revenue Next 3Y9.75%
Revenue Next 5Y9.08%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BKNG Yearly Revenue VS EstimatesBKNG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 10B 20B 30B 40B
BKNG Yearly EPS VS EstimatesBKNG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 100 200 300 400 500

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4

4. Valuation

4.1 Price/Earnings Ratio

BKNG is valuated quite expensively with a Price/Earnings ratio of 26.62.
The rest of the industry has a similar Price/Earnings ratio as BKNG.
Compared to an average S&P500 Price/Earnings ratio of 27.03, BKNG is valued at the same level.
With a Price/Forward Earnings ratio of 20.92, BKNG is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BKNG is on the same level as its industry peers.
BKNG's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.54.
Industry RankSector Rank
PE 26.62
Fwd PE 20.92
BKNG Price Earnings VS Forward Price EarningsBKNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

65.67% of the companies in the same industry are cheaper than BKNG, based on the Enterprise Value to EBITDA ratio.
77.61% of the companies in the same industry are more expensive than BKNG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 19.2
EV/EBITDA 19.93
BKNG Per share dataBKNG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 200 -200 400 600

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BKNG has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as BKNG's earnings are expected to grow with 17.22% in the coming years.
PEG (NY)1.29
PEG (5Y)2.1
EPS Next 2Y18.06%
EPS Next 3Y17.22%

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2

5. Dividend

5.1 Amount

BKNG has a yearly dividend return of 0.67%, which is pretty low.
BKNG's Dividend Yield is a higher than the industry average which is at 4.01.
With a Dividend Yield of 0.67, BKNG pays less dividend than the S&P500 average, which is at 2.45.
Industry RankSector Rank
Dividend Yield 0.67%

5.2 History

BKNG does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
BKNG Yearly Dividends per shareBKNG Yearly Dividends per shareYearly Dividends per share 2024 2025 10 20 30

5.3 Sustainability

BKNG pays out 25.16% of its income as dividend. This is a sustainable payout ratio.
DP25.16%
EPS Next 2Y18.06%
EPS Next 3Y17.22%
BKNG Yearly Income VS Free CF VS DividendBKNG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B
BKNG Dividend Payout.BKNG Dividend Payout, showing the Payout Ratio.BKNG Dividend Payout.PayoutRetained Earnings

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BOOKING HOLDINGS INC

NASDAQ:BKNG (9/10/2025, 8:00:01 PM)

After market: 5474.81 0 (0%)

5474.81

-97.02 (-1.74%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)07-29 2025-07-29/amc
Earnings (Next)10-28 2025-10-28/amc
Inst Owners96.55%
Inst Owner Change-8.05%
Ins Owners0.17%
Ins Owner Change-4.05%
Market Cap177.44B
Analysts77.39
Price Target6173.99 (12.77%)
Short Float %1.88%
Short Ratio3.09
Dividend
Industry RankSector Rank
Dividend Yield 0.67%
Yearly Dividend34.87
Dividend Growth(5Y)N/A
DP25.16%
Div Incr Years0
Div Non Decr Years0
Ex-Date09-05 2025-09-05 (9.6)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.25%
Min EPS beat(2)8.15%
Max EPS beat(2)40.35%
EPS beat(4)4
Avg EPS beat(4)16.92%
Min EPS beat(4)6.1%
Max EPS beat(4)40.35%
EPS beat(8)8
Avg EPS beat(8)15.82%
EPS beat(12)12
Avg EPS beat(12)14.54%
EPS beat(16)16
Avg EPS beat(16)33.37%
Revenue beat(2)2
Avg Revenue beat(2)1.7%
Min Revenue beat(2)1.66%
Max Revenue beat(2)1.73%
Revenue beat(4)4
Avg Revenue beat(4)2.41%
Min Revenue beat(4)1.66%
Max Revenue beat(4)3.52%
Revenue beat(8)5
Avg Revenue beat(8)1.22%
Revenue beat(12)8
Avg Revenue beat(12)1.15%
Revenue beat(16)11
Avg Revenue beat(16)1.53%
PT rev (1m)0%
PT rev (3m)10.82%
EPS NQ rev (1m)-0.03%
EPS NQ rev (3m)0.17%
EPS NY rev (1m)3.37%
EPS NY rev (3m)3.38%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)2.37%
Revenue NY rev (1m)1.74%
Revenue NY rev (3m)2.19%
Valuation
Industry RankSector Rank
PE 26.62
Fwd PE 20.92
P/S 7.09
P/FCF 19.2
P/OCF 18.53
P/B N/A
P/tB N/A
EV/EBITDA 19.93
EPS(TTM)205.65
EY3.76%
EPS(NY)261.68
Fwd EY4.78%
FCF(TTM)285.1
FCFY5.21%
OCF(TTM)295.53
OCFY5.4%
SpS772.14
BVpS-205.4
TBVpS-333.32
PEG (NY)1.29
PEG (5Y)2.1
Profitability
Industry RankSector Rank
ROA 15.69%
ROE N/A
ROCE 69.09%
ROIC 54.9%
ROICexc N/A
ROICexgc N/A
OM 33.26%
PM (TTM) 19.23%
GM N/A
FCFM 36.92%
ROA(3y)16.97%
ROA(5y)11.22%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)39.14%
ROIC(5y)26.17%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)49.26%
ROCE(5y)32.93%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y13.4%
OM growth 5Y-1.21%
PM growth 3Y32.58%
PM growth 5Y-5.16%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.82
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 2
Debt/EBITDA 1.95
Cap/Depr 54.17%
Cap/Sales 1.35%
Interest Coverage 7.52
Cash Conversion 107.04%
Profit Quality 191.98%
Current Ratio 1.25
Quick Ratio 1.25
Altman-Z 6.44
F-Score6
WACC8.81%
ROIC/WACC6.23
Cap/Depr(3y)74.21%
Cap/Depr(5y)71.46%
Cap/Sales(3y)1.86%
Cap/Sales(5y)2.51%
Profit Quality(3y)166.56%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.43%
EPS 3Y60.13%
EPS 5Y12.66%
EPS Q2Q%32.22%
EPS Next Y20.65%
EPS Next 2Y18.06%
EPS Next 3Y17.22%
EPS Next 5Y16.53%
Revenue 1Y (TTM)11.72%
Revenue growth 3Y29.39%
Revenue growth 5Y9.52%
Sales Q2Q%16.03%
Revenue Next Year12.43%
Revenue Next 2Y10.49%
Revenue Next 3Y9.75%
Revenue Next 5Y9.08%
EBIT growth 1Y30.84%
EBIT growth 3Y46.73%
EBIT growth 5Y8.2%
EBIT Next Year27.89%
EBIT Next 3Y16.63%
EBIT Next 5Y14.55%
FCF growth 1Y43.3%
FCF growth 3Y46.4%
FCF growth 5Y11.91%
OCF growth 1Y40.83%
OCF growth 3Y43.44%
OCF growth 5Y11.34%