Booking Holding

Good morning everyone!

Do you think one can still invest in $RHM (-0,78 %) at the current price? Or do you think the share price is too overvalued? $BKNG (-1,19 %) , $COST (-1,09 %) and $CMG (-0,82 %) are also interesting stocks, but I'm not sure whether the prices are currently too high to invest in them. How do you see these shares developing in the long term? In $UBER (-0,14 %) I am actually in it for the long term and will soon increase my position, as I think that the price is currently very fair and I have a lot of confidence in the company in the future.

Have a nice start to the day everyone!

New addition to the savings plan portfolio.

So far, I have completely missed the travel industry. I don't think we've reached the end of the line yet. True to the motto everyone goes on vacation 😉 this share was already on the watch list when I started my portfolio. Somehow the share price kept moving away from me. Since $KGF (+0,46 %) was also thrown out after all the annual targets for 2025 were thrown overboard, there was some room in the portfolio for the new addition.

Dear Community,

I would like to get some opinions/thoughts and experiences on $MMYT (-2,43 %) . So far, this company has hardly been discussed on getquin.

I have had the share on my watchlist for some time now and find it increasingly interesting as a small addition to my portfolio.

Brief introduction:

MakeMyTrip is a leading Indian travel service provider. The products that $MMYT (-2,43 %) offered go far beyond a normal travel company.

Its services include booking air, rail and bus tickets as well as national and international vacation packages and hotel reservations (including in the USA, for example). It also covers countries such as Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam and Indonesia. The main competitors are Booking.com and Expedia.

Differences to Booking.com ($BKNG (-1,19 %) ) and Expedia ($EXPE (+1,98 %) ) :

$MMYT (-2,43 %) focuses mainly on Indian travelers with a focus on international travel and domestic travel. However, they also offer visa processing and travel insurance. Compared to $BKNG (-1,19 %) and $EXPE (+1,98 %) has $MMYT (-2,43 %) has a much smaller market share, as its core business is (still) mainly in India. However, I also see this fact as an opportunity, as India is known to have enormous economic growth.

About the data:

The turnover of $MMYT (-2,43 %) rose from USD 593 million to USD 782.5 million in the past financial year (2024). Profit increased from a loss of USD -11.3 million to a profit of USD 216.8 million. This is $MMYT (-2,43 %) profitable for the first time. $MMYT (-2,43 %) shows above-average growth and is financially secure, with a high growth rank and a low debt burden.

Now I would be interested: Are you perhaps already invested? Is the share interesting for you or not?

I'm looking forward to the exchange 👌

$BKNG (-1,19 %)

Booking Holdings is a share that only ever seems to go in one direction and has been on my watchlist for (too) long. Hardly surprising given its constant long-term growth, strong market position and global presence. However, the stock has already done quite well this year, but should definitely be added to the portfolio in one way or another at a value of approx. 2.5k

into the portfolio.

Would you a) invest a large sum at the moment, b) build it up over six months via a savings plan or c) leave it on the watchlist until the market cools down a bit and then use it as a one-off investment?

I'm leaning towards c), but that hasn't worked so far and unfortunately there was no money available to invest at the beginning of August 😅

Does anyone else have any exciting alternatives to Booking?

All of these shares reached new ALL-TIME HIGHS at some point today ⤵️

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Booking $BKNG (-1,19 %)

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Aftermarket after quarterly figures

+21% Carvana $CVNA (-0,08 %)

+11% Twilio $TWLO (+1,47 %)

+9% Sprouts Farmers Market $SFM (-2,81 %)

+7% Booking $BKNG (-1,19 %)

+7% Paycom Software

+5% Allstate

+4% Transocean

+3% Clorox $CLX (-0,41 %)

+2% KLA $KLAC (+0,46 %)

+1% Starbucks $SBUX (-1,55 %)

+1% Omega Healthcare

+0% Microsoft $MSFT (-1,05 %)

-1% Amgen

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-6% MetLife

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-7% Ventas

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-10% Roku

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#aktien
#börse
#earnings#quartalszahlen

Booking holdings Q3 2024 $BKNG (-1,19 %)

Financial performance

• Revenue: For the nine months ended September 30, 2024, total revenue was $18.268 billion, compared to $16.581 billion for the same period in 2023, an increase of approximately 10.2%.
• Net profit: Net income for the nine months ended September 30, 2024 was $4.814 billion, an increase from $4.067 billion in 2023.
• Adjusted EBITDA: For the period, adjusted EBITDA was $6.458 billion, compared to $5.648 billion in 2023, an increase of 14.3%.

Summary of the balance sheet

• Total assets: As of September 30, 2024, total assets were $27.978 billion, an increase from $24.342 billion as of December 31, 2023.
• Total liabilities: Total liabilities increased to $31.631 billion, compared to $27.086 billion at the end of 2023.
• Shareholders' deficit: Shareholders' deficit was $3.653 billion as of September 30, 2024, compared to $2.744 billion at the end of 2023.

Details of the income statement

• Operating income: Operating income for the nine months ended September 30, 2024 was $5.826 billion, compared to $5.226 billion in 2023.
• Marketing expenses: Marketing expenses increased to 5.7 billion dollars from 5.34 billion dollars in the prior year.

Cash flow overview

• Net cash flow from operating activities: For the nine months ended September 30, 2024, net cash generated from operating activities was $7.602 billion, compared to $5.998 billion in 2023.
• Free cash flow: Free cash flow for the same period amounted to 7.249 billion dollars, an increase from 5.746 billion dollars in 2023.

Key figures and profitability ratios

• Net profit margin: Net income as a percentage of total revenues was 26.4% for the nine months ended September 30, 2024.
• Adjusted EBITDA margin: Adjusted EBITDA as a percentage of total revenue was 35.4%.

Segment information

• Overnight stays sold: These increased by 8.1% year-on-year in the third quarter of 2024.
• Gross bookings: Total gross bookings for the third quarter of 2024 amounted to USD 43.4 billion, showing year-on-year growth of 9.1%.

Competitive position

The company continues to show strong growth in room nights and gross bookings, indicating a robust competitive position in the travel services market.

Risks and opportunities

• Risks: The company faces risks in connection with market conditions for travel services, competition and exchange rates.
• Opportunities: The continued growth in overnight stays and gross bookings offers opportunities to increase revenue.

Summary of findings

Booking Holdings Inc. has shown a strong financial performance in the first nine months of 2024, with significant year-on-year increases in revenue, net profit and adjusted EBITDA. The balance sheet shows an increase in both assets and liabilities, with a notable shareholder deficit. The company maintains a strong competitive position and shows growth in key metrics such as room nights sold and gross bookings. Nevertheless, it faces risks related to market conditions and exchange rates. Overall, the company's financial position appears robust, supported by strong cash flow generation and profitability metrics.

Positive aspects

• Sales growth: Total revenue for the nine months ended September 30, 2024 increased by approximately 10.2% to $18.268 billion compared to the same period in 2023. This demonstrates the company's ability to capture market demand and increase its sales.
• Increase in net profit: Net income for the same period increased to $4.814 billion, up from $4.067 billion in 2023, indicating strong profitability and effective cost management strategies.
• Adjusted EBITDA growth: Adjusted EBITDA for the nine months ended September 30, 2024 reached $6.458 billion, representing year-over-year growth of 14.3%. This underscores the operational efficiency and ability to generate earnings before interest, taxes, depreciation and amortization.
• Strong cash flow: Net cash provided by operating activities was $7.602 billion for the nine months ended September 30, 2024, compared to $5.998 billion in 2023, demonstrating the robust cash generation capability that is important for investment and growth.
• Overnight stays and gross bookings: Overnight bookings increased 8% and gross travel bookings increased 9% year-over-year in the third quarter of 2024, indicating strong demand and a solid market presence.

Negative aspects

• Shareholders' deficit: The shareholder deficit increased to $3.653 billion as of September 30, 2024, up from $2.744 billion at the end of 2023, which could raise concerns among shareholders about the company's long-term financial health.
• Increased liabilities: Total liabilities increased to $31.631 billion, up from $27.086 billion at the end of 2023, which could indicate higher financial obligations and pose risks if not managed carefully.
• Marketing spend: Marketing expenses increased to $5.7 billion, up from $5.34 billion the previous year. If not managed effectively, these costs could weigh on profit margins.
• Provisions for tax matters: The company recorded a provision of $365 million related to the proposed settlement of certain Italian indirect tax matters, which could impact financial results and lead to further uncertainty.
• Foreign exchange risks: Due to its global operations, the Company faces risks related to foreign currency exchange rates, which could negatively impact financial performance and complicate profitability in international markets.

Companies that I find interesting but do not yet have in my portfolio and that have a 10-year average ROIC of over 10% and a 5-year average ROCE and ROIC of over 10%, $ANET, $MA (-0,34 %) , $VRTX (-0,44 %) , $RMS (+0,75 %) , $PGHN (-0,02 %) , $COLO B (+0,94 %) , $ACN (-1,66 %) , $MNST (-0,16 %)
$FICO (+1,63 %) , $MCO (+0,31 %) , $KNIN (+0,44 %) , $S&P Global, $ISRG (-0,89 %)
$III (+0 %) , $BKNG (-1,19 %)
$HLAG (+1,67 %) , $QCOM (+2,48 %) , $CFR (+0,21 %) and $IFX (-1,35 %) . Already blatant companies