Now trading at a price of $119.07, Airbnb has moved -0.8% so far today.
Over the last year, Airbnb logged a -1.0% change, with its stock price reaching a high of $154.95 and a low of $81.91. Over the same period, the stock underperformed the S&P 500 index by -15.0%. As of April 2023, the company's 50-day average price was $132.68. Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. Based in San Francisco, CA, the large-cap Consumer Discretionary company has 6,811 full time employees. Airbnb has not offered a dividend during the last year.
The Company Has a Positive Net Current Asset Value:
| 2021-02-05 | 2022-02-25 | 2023-02-17 | |
|---|---|---|---|
| Revenue (MM) | $3,378 | $5,992 | $8,399 |
| Gross Margins | 74.0% | 81.0% | 82.0% |
| Operating Margins | -102% | 9% | 23% |
| Net Margins | -136.0% | -6.0% | 23.0% |
| Net Income (MM) | -$4,585 | -$352 | $1,893 |
| Net Interest Expense (MM) | -$145 | -$425 | $162 |
| Depreciation & Amort. (MM) | -$126 | -$138 | -$81 |
| Earnings Per Share | -$17.39 | -$0.52 | $3.07 |
| EPS Growth | n/a | 97.01% | 690.38% |
| Diluted Shares (MM) | 264 | 682 | 616 |
| Free Cash Flow (MM) | -$703 | $2,338 | $3,455 |
| Capital Expenditures (MM) | -$37 | -$25 | -$25 |
| Net Current Assets (MM) | $1,327 | $3,453 | $4,383 |
| Long Term Debt (MM) | $1,816 | $1,983 | $1,987 |
| LT Debt to Equity | 0.63 | 0.42 | 0.36 |
Airbnb has healthy debt levels, wider gross margins than its peer group, and positive EPS growth. However, the firm has consistently negative margins with a positive growth rate. Finally, we note that Airbnb has weak revenue growth and a flat capital expenditure trend, irregular cash flows, and a decent current ratio.
Airbnb's P/B and P/E Ratios Are Higher Than Average:
Airbnb has a trailing twelve month P/E ratio of 38.9, compared to an average of 22.33 for the Consumer Discretionary sector. Based on its EPS guidance of $4.01, the company has a forward P/E ratio of 33.1. The company doesn't issue forward earnings guidance, and the compound average growth rate of its last 3 years of reported EPS is 5.6%. On this basis, the company's PEG ratio is 6.99, which suggests that it is overpriced. Furthermore, Airbnb is likely overvalued compared to the book value of its equity, since its P/B ratio of 14.85 is higher than the sector average of 3.12. The company's shares are currently trading 376.9% above their Graham number.
Airbnb Has an Average Rating of Hold:
The 30 analysts following Airbnb have set target prices ranging from $71.17 to $175.55 per share, for an average of $135.0 with a hold rating. As of April 2023, the company is trading -1.7% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Airbnb has an above average percentage of its shares sold short because 8.3% of the company's shares are sold short. Institutions own 68.3% of the company's shares, and the insider ownership rate stands at 3.35%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 6% stake in the company is worth $2,850,176,320.
