Stock Analysis on Net

Expedia Group Inc. (NASDAQ:EXPE)

This company has been moved to the archive! The financial data has not been updated since May 3, 2022.

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Expedia Group Inc., FCFE calculation

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income (loss) attributable to Expedia Group, Inc. 12 (2,612) 565 406 378
Net (income) loss attributable to non-controlling interests 3 (116) 7 (8) (7)
Net noncash charges 1,113 1,796 1,004 1,195 835
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions 2,620 (2,902) 1,191 382 593
Net cash provided by (used in) operating activities 3,748 (3,834) 2,767 1,975 1,799
Capital expenditures, including internal-use software and website development (673) (797) (1,160) (878) (710)
Revolving credit facility borrowings 2,672
Revolving credit facility repayments (2,672)
Proceeds from issuance of long-term debt, net of issuance costs 1,964 3,945 1,231 990
Payment of long-term debt (1,706) (750) (500)
Debt extinguishment costs (258)
Free cash flow to equity (FCFE) 3,075 (1,436) 2,838 597 2,078

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Expedia Group Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Expedia Group Inc. FCFE decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Price to FCFE Ratio, Current

Expedia Group Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 157,097,831
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 3,075
FCFE per share 19.57
Current share price (P) 150.31
Valuation Ratio
P/FCFE 7.68
Benchmarks
P/FCFE, Competitors1
Amazon.com Inc. 88.09
Home Depot Inc. 20.48
Lowe’s Cos. Inc. 17.99
TJX Cos. Inc. 43.85
P/FCFE, Sector
Consumer Discretionary Distribution & Retail 69.66
P/FCFE, Industry
Consumer Discretionary 84.59

Based on: 10-K (reporting date: 2021-12-31).

1 Click competitor name to see calculations.

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


Price to FCFE Ratio, Historical

Expedia Group Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 155,754,357 143,864,551 139,989,125 147,190,304 151,833,402
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 3,075 (1,436) 2,838 597 2,078
FCFE per share3 19.74 -9.98 20.27 4.06 13.69
Share price1, 4 192.12 146.51 122.80 130.80 104.00
Valuation Ratio
P/FCFE5 9.73 6.06 32.25 7.60
Benchmarks
P/FCFE, Competitors6
Amazon.com Inc. 55.66 63.35
Home Depot Inc. 15.41 14.99 16.61
Lowe’s Cos. Inc. 12.28 8.69 20.45
TJX Cos. Inc. 10.55 19.71 21.79 26.76
P/FCFE, Sector
Consumer Discretionary Distribution & Retail 59.10 38.09 38.19
P/FCFE, Industry
Consumer Discretionary 85.76 30.50 28.80

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 3,075,000,000 ÷ 155,754,357 = 19.74

4 Closing price as at the filing date of Expedia Group Inc. Annual Report.

5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= 192.12 ÷ 19.74 = 9.73

6 Click competitor name to see calculations.