When Should You Buy Expedia Group, Inc. (NASDAQ:EXPE)?
When Should You Buy Expedia Group, Inc. (NASDAQ:EXPE)?
Let's talk about the popular Expedia Group, Inc. (NASDAQ:EXPE). The company's shares saw a significant share price rise of 21% in the past couple of months on the NASDAQGS. The recent rally in share prices has nudged the company in the right direction, though it still falls short of its yearly peak. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on Expedia Group's outlook and valuation to see if the opportunity still exists.
讓我們談談流行的expedia集團股份有限公司 (NASDAQ: EXPE)。公司的股價在過去幾個月裏在納斯達克上漲了21%。最近的股價上漲將公司推向了正確的方向，但仍未達到今年的高峰。由於許多分析師正在關注這個大市值股票，我們可能預期任何價格敏感的公告已經被納入股票價格。然而，股票仍然可能以相對便宜的價格交易嗎？今天我們將分析Expedia Group的最新前景和估值數據，以查看機會是否仍然存在。
What Is Expedia Group Worth?
Expedia Group價值是多少？
According to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average, the stock price seems to be justfied. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. We find that Expedia Group's ratio of 21.75x is trading slightly above its industry peers' ratio of 19.29x, which means if you buy Expedia Group today, you'd be paying a relatively reasonable price for it. And if you believe that Expedia Group should be trading at this level in the long run, then there should only be a fairly immaterial downside vs other industry peers. So, is there another chance to buy low in the future? Given that Expedia Group's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility.
根據我們的價格倍數模型，即將公司的市盈率與行業平均值進行比較，股票價格似乎是合理的。在這種情況下，我們使用了市盈率（PE）比率，因爲沒有足夠的信息可靠地預測股票的現金流。我們發現Expedia Group的市盈率爲21.75倍，略高於其行業同行的19.29倍，這意味着如果您今天購買Expedia Group，您將以相對合理的價格購買。如果您認爲Expedia Group應該長期以這個水平交易，那麼與其他行業同行相比，只應該有相對不重要的下行風險。那麼，在將來是否有另一個低價購買的機會？鑑於Expedia Group的股票相當不穩定（即其價格波動相對於市場的其餘部分較大），這可能意味着價格可能會下降，從而爲我們提供在以後購買的機會。這基於其高貝塔值，這是股價波動的一個很好的指標。
What does the future of Expedia Group look like?
Expedia Group的未來前景是什麼？
Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to more than double over the next couple of years, the future seems bright for Expedia Group. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
未來前景是您考慮購買股票時的重要因素，特別是如果您是尋求增長的投資者。雖然價值投資者會認爲相對於價格的內在價值才是最重要的，但更引人注目的投資論點可能是以低廉的價格獲得高增長潛力。由於利潤預計將在未來幾年內增長兩倍以上，Expedia Group的未來看起來光明。它似乎將有更高的現金流量，這將反映在更高的股票估值中。
What This Means For You
這對您意味着什麼？
Are you a shareholder? EXPE's optimistic future growth appears to have been factored into the current share price, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at EXPE? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?
您是股東嗎？ EXPE的樂觀未來增長似乎已經被納入了當前的股價，股票的交易價格接近行業價格倍數。然而，還有其他重要因素我們今天沒有考慮，例如公司的財務實力。自您上次查看EXPE以來，這些因素是否發生了變化？如果股價跌破行業市盈率，您是否有足夠的信心投資公司？
Are you a potential investor? If you've been keeping tabs on EXPE, now may not be the most advantageous time to buy, given it is trading around industry price multiples. However, the positive outlook is encouraging for EXPE, which means it's worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
您是潛在的投資者嗎？如果您一直關注EXPE，現在可能不是最有利的購買時間，因爲它的交易價格接近行業價格倍數。但是，積極的前景對於EXPE而言是很鼓舞人心的，這意味着值得更深入地研究其他因素，例如其資產負債表的強度，以利用下一個價格下跌的機會。
Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Case in point: We've spotted 2 warning signs for Expedia Group you should be aware of.
請記住，分析股票時，值得注意的是其中存在的風險。事實證明：我們已經發現Expedia Group的2個警告信號，您應該知道這些信號。
If you are no longer interested in Expedia Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您對Expedia Group不再感興趣，您可以使用我們的免費平台查看我們超過50種其他具有高增長潛力的股票的列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。