Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

Enterprise Value to EBITDA (EV/EBITDA) 

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Airbnb Inc., EBITDA calculation

US$ in millions

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) 4,792 1,893 (352) (4,585)
Add: Income tax expense (2,690) 96 52 (97)
Earnings before tax (EBT) 2,102 1,989 (300) (4,682)
Add: Interest expense 83 24 438 172
Earnings before interest and tax (EBIT) 2,185 2,013 137 (4,510)
Add: Depreciation and amortization 44 81 138 126
Earnings before interest, tax, depreciation and amortization (EBITDA) 2,229 2,094 276 (4,384)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Airbnb Inc. EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Enterprise Value to EBITDA Ratio, Current

Airbnb Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV) 87,238
Earnings before interest, tax, depreciation and amortization (EBITDA) 2,229
Valuation Ratio
EV/EBITDA 39.14
Benchmarks
EV/EBITDA, Competitors1
Booking Holdings Inc. 19.90
Chipotle Mexican Grill Inc. 38.47
McDonald’s Corp. 16.19
Starbucks Corp. 13.03
EV/EBITDA, Sector
Consumer Services 19.18
EV/EBITDA, Industry
Consumer Discretionary 19.77

Based on: 10-K (reporting date: 2023-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Airbnb Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 90,604 76,659 93,363 120,985
Earnings before interest, tax, depreciation and amortization (EBITDA)2 2,229 2,094 276 (4,384)
Valuation Ratio
EV/EBITDA3 40.65 36.61 338.63
Benchmarks
EV/EBITDA, Competitors4
Booking Holdings Inc. 19.60 19.20 45.39 73.17
Chipotle Mexican Grill Inc. 36.37 29.62 40.00 79.87
McDonald’s Corp. 18.04 20.87 17.49 21.03
Starbucks Corp. 17.75 19.88 18.77 38.99
EV/EBITDA, Sector
Consumer Services 20.97 22.11 25.46 59.23
EV/EBITDA, Industry
Consumer Discretionary 17.98 19.62 21.24 29.08

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 See details »

2 See details »

3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 90,604 ÷ 2,229 = 40.65

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Airbnb Inc. EV/EBITDA ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.