Report
Dan Wasiolek
EUR 100.00 For Business Accounts Only

Expedia's Businesses Support Its Network Advantage and Offer Worth to Investors; Shares Undervalued

We maintain the view that investors continue to greatly underappreciate Expedia's global online travel network, the source of its narrow moat, and think now is a good time for investors to book a trip with Expedia shares. Further, we contend that the firm's competitive edge is supported by strategically wise supply and demand investment into international and vacation rentals, which are resulting in ongoing booking share gains. With shares trading at just 9 times forward enterprise value/EBITDA ...
Underlying
Expedia Group Inc.

Expedia Group is an online travel company. The company's portfolio of brands includes: Expedia.com?, an online travel brand; Hotels.com?, a global lodging company operating websites with its Hotels.com? Rewards loyalty program; Vrbo?, a global online marketplace with a focus on providing lodging options for families; Egencia?, a corporate travel management company; Hotwire?, an online travel website providing spontaneous travel through its Hot Rate? deals; trivago?, an online hotel metasearch platform; and SilverRail Technologies, Inc., provider of a global rail retail and distribution platform connecting rail carriers and suppliers to both online and offline travel distributors.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Wasiolek

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