Operating performance
Revenue, profitability, and free cash flow are shown together so you can see scale, margin conversion, and cash generation on one screen.
Annualised change across the filed history.
Compound growth needs at least three filed years.
Filing-backed read on scale, margins, and cash flow.
Free Cash Flow
FY 2018N/A
Net Margin
FY 2018N/A
$41.03
Down 0.89% · live quote Sep 4, 2026
Market cap
$26.65B
Market cap $26.65B
Valuation snapshot
A target is published only when both the filing-backed DCF and the peer fair value clear the confidence gate.
Current price
$41.03
Market cap $26.7B
Fair value estimate
Withheld
Filing-backed DCF failed the evidence gate.
Implied upside
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DCF: Reporting currency could not be verified.
Valuation anchors
Scale: $29.52 – $148.43
Current
$41.03
Peer
This score describes input coverage, not the probability that a valuation or investment return will be correct.
Evidence gate detail
Filing-backed DCF failed the evidence gate.
DCF: Reporting currency could not be verified.
Policy
Filing-Backed v2
Basis
Operating cash flow less capex (firm-value proxy)
Shares
Diluted shares
Bridge
Net debt + securities
Market context
Live quote snapshot · Sep 04, 2026
Current price stacked against the same public-equity anchors shown in the confidence-gated hero.
How to read this
Capital structure
The overview keeps the capital structure bridge close to the cash-generation picture so fair value can be read in equity terms.
FY 2018 · filed Mar 15, 2021
Cash & Securities
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Total Debt
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Net Cash / Debt
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Equity
Peer context
The overview keeps peer evidence concise here and sends detailed bridging to the relative-valuation tab.
Peer fair value
Per-share fair value from the weighted peer set.
Average P/E
Price to earnings across covered peers.
Average P/S
Price to sales across covered peers.
Intrinsic context
The overview surfaces the baseline intrinsic read and the reverse-DCF question, then sends the deeper workbench to the intrinsic tab.
Reporting currency could not be verified.
Company profile
Identifiers, classification, and listing detail behind every figure on this page.
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Tangible Equity
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Net cash or debt is unavailable because complete debt and cash evidence is required to bridge enterprise value into equity value.
Latest annual cash generation after capital spending.
Quality and risk
Altman, Piotroski, liquidity, and leverage sit together so the valuation read can be judged against balance-sheet reality.
Distress risk from the latest annual balance sheet.
Nine filing-backed checks on profitability, leverage, and efficiency.
warning
Average EV/EBITDA
Enterprise multiple across covered peers.
5 peers across 2 active peer methods
Booking Holdings Inc.
BKNG · CIK 0001075531
$193.29
$145.2B
56.92x
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Cap $145.2BP/E 56.92xEV/EBITDA —
Expedia Group, Inc.
EXPE · CIK 0001324424
$298.04
$34.1B
26.37x
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Cap $34.1BP/E 26.37xEV/EBITDA —
MARRIOTT INTERNATIONAL INC /MD/
MAR · CIK 0001048286
$336.51
$87.8B
33.74x
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Cap $87.8BP/E 33.74xEV/EBITDA —
Hilton Worldwide Holdings Inc.
HLT · CIK 0001585689
$311.18
$70B
48.07x
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Cap $70BP/E 48.07xEV/EBITDA —
Airbnb, Inc.
ABNB · CIK 0001559720
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Cap —P/E —EV/EBITDA —
Trip.com Group Ltd (TCOM) market cap plus annual debt, less cash and eligible marketable securities.
A dated market value and complete annual debt and cash evidence are required for this bridge.
