Added to YB: 2024-05-10
Pitch date: 2024-05-09
ABNB [neutral]
Airbnb, Inc.
-14.85%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
Company Info
Airbnb, Inc., together with its subsidiaries, operates a platform for stays, experiences, and services worldwide.
Market Cap
$74.5B
Pitch Price
$147.75
Price Target
189.48 (+51%)
Dividend
N/A
EV/EBITDA
24.78
P/E
30.80
EV/Sales
5.37
Sector
Hotels, Restaurants and Leisure
Category
N/A
Airbnb, Inc. - $ABNB
ABNB: Growth slowing to low double digits, losing share to BKNG. 2025 upside 20% to 18x FCF/30x EPS, 2026 upside 20%. Downside -12% to 6x 2025 revs (16x FCF/25x EPS). initiatives not moving needle. EBITDA 19% of revs, cost controls. Bull: destination for AI trip planning. Bear: high 14% take rate, BKNG equal alt accomm supply, macro risk.
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