Paying users zone. Data is hidden behind hidden.

  • Get 1-month access to Booking Holdings Inc. for $17.99, or

  • get full access to the entire website for at least 3 months from $49.99.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Verified by Visa MasterCard SecureCode American Express SafeKey

This is a one-time payment. There is no automatic renewal.

Microsoft Excel LibreOffice Calc

Booking Holdings Inc. (BKNG)


Enterprise Value to FCFF (EV/FCFF)

Intermediate level


Free Cash Flow to The Firm (FCFF)

Booking Holdings Inc., FCFF calculation

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net income
Net noncash charges
Changes in assets and liabilities, net of effects of acquisitions
Net cash provided by operating activities
Cash paid during the period for interest, net of tax1
Additions to property and equipment
Acquisition of land-use rights
Free cash flow to the firm (FCFF)

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Booking Holdings Inc.’s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Booking Holdings Inc.’s FCFF increased from 2016 to 2017 and from 2017 to 2018.

Interest Paid, Net of Tax

Booking Holdings Inc., interest paid, net of tax calculation

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Cash paid during the period for interest, before tax
Less: Cash paid during the period for interest, tax2
Cash paid during the period for interest, net of tax

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

1 See details »

2 2018 Calculation
Cash paid during the period for interest, tax = Cash paid during the period for interest × EITR
= × =


Enterprise Value to FCFF Ratio, Current

Booking Holdings Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Selected Financial Data (US$ in millions)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Delta Air Lines Inc.
Marriott International Inc.
McDonald’s Corp.
Starbucks Corp.
EV/FCFF, Sector
Travel & Leisure
EV/FCFF, Industry
Consumer Services

Based on: 10-K (filing date: 2019-02-27).

1 Click competitor name to see calculations.

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


Enterprise Value to FCFF Ratio, Historical

Booking Holdings Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Delta Air Lines Inc.
Marriott International Inc.
McDonald’s Corp.
Starbucks Corp.
EV/FCFF, Sector
Travel & Leisure
EV/FCFF, Industry
Consumer Services

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

1 See details »

2 See details »

3 2018 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. Booking Holdings Inc.’s EV/FCFF ratio decreased from 2016 to 2017 and from 2017 to 2018.