Airbnb, Inc. (ABNB) – Strong FCF is appealing, but trading at a premium

Airbnb, Inc. (ABNB) (Q1FY23)

Introduction

Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes. 

Highlights

Airbnb has been reporting net income for the past three quarters. In Q1FY23, net income increased 716% Y/Y to $117mn and gross margin has increased to 76.45% in Q1FY23 from 75.9% in Q1FY22. This achievement was made possible by the company’s strategic cost-cutting structure, which resulted in profitability.

Stock performance

In the six months, Airbnb stock has given 39.58% as compared to the S&P 500 has given a return of 12.73%. In comparison to Expedia Group’s diverse revenue stream, and large consumer base yielded a return of 23.6%, reflecting ABNB’s competitive advantage.

This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.

Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 31

To download the previous quarter’s equity report CLICK HERE

To Download other equity/ stock reports CLICK HERE

Follow our LinkedIn page for more updates