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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt No Debt
AWAY's Cash to Debt is ranked higher than
75% of the 360 Companies
in the Global Internet Content & Information industry.

( Industry Median: 10000.00 vs. AWAY: No Debt )
AWAY' s 10-Year Cash to Debt Range
Min: No Debt   Max: No Debt
Current: No Debt

Equity to Asset 0.76
AWAY's Equity to Asset is ranked higher than
79% of the 341 Companies
in the Global Internet Content & Information industry.

( Industry Median: 0.66 vs. AWAY: 0.76 )
AWAY' s 10-Year Equity to Asset Range
Min: -0.29   Max: 0.76
Current: 0.76

-0.29
0.76
Interest Coverage No Debt
AWAY's Interest Coverage is ranked higher than
99% of the 275 Companies
in the Global Internet Content & Information industry.

( Industry Median: 4542.90 vs. AWAY: No Debt )
AWAY' s 10-Year Interest Coverage Range
Min: 625.45   Max: 9999.99
Current: No Debt

625.45
9999.99
F-Score: 6
Z-Score: 7.65
M-Score: -2.42
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 9.76
AWAY's Operating margin (%) is ranked higher than
74% of the 348 Companies
in the Global Internet Content & Information industry.

( Industry Median: 6.35 vs. AWAY: 9.76 )
AWAY' s 10-Year Operating margin (%) Range
Min: 8.2   Max: 10.63
Current: 9.76

8.2
10.63
Net-margin (%) 5.10
AWAY's Net-margin (%) is ranked higher than
70% of the 350 Companies
in the Global Internet Content & Information industry.

( Industry Median: 4.83 vs. AWAY: 5.10 )
AWAY' s 10-Year Net-margin (%) Range
Min: 2.68   Max: 10.09
Current: 5.1

2.68
10.09
ROE (%) 2.15
AWAY's ROE (%) is ranked higher than
60% of the 343 Companies
in the Global Internet Content & Information industry.

( Industry Median: 6.68 vs. AWAY: 2.15 )
AWAY' s 10-Year ROE (%) Range
Min: 1.4   Max: 2.89
Current: 2.15

1.4
2.89
ROA (%) 1.64
AWAY's ROA (%) is ranked higher than
62% of the 351 Companies
in the Global Internet Content & Information industry.

( Industry Median: 3.96 vs. AWAY: 1.64 )
AWAY' s 10-Year ROA (%) Range
Min: 1.02   Max: 3.46
Current: 1.64

1.02
3.46
ROC (Joel Greenblatt) (%) 84.96
AWAY's ROC (Joel Greenblatt) (%) is ranked higher than
74% of the 347 Companies
in the Global Internet Content & Information industry.

( Industry Median: 50.03 vs. AWAY: 84.96 )
AWAY' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 63.87   Max: 90.56
Current: 84.96

63.87
90.56
» AWAY's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

AWAY Guru Trades in Q1 2013

Louis Moore Bacon 25,000 sh (New)
Manning & Napier Advisors, Inc 1,778,693 sh (+14.94%)
Ron Baron 3,873,836 sh (+7.35%)
Columbia Wanger 1,992,500 sh (+3.16%)
Chuck Royce 440,500 sh (unchged)
Pioneer Investments 351,735 sh (-9.8%)
Steven Cohen 31,770 sh (-42.48%)
» More
Q2 2013

AWAY Guru Trades in Q2 2013

Chuck Royce 465,500 sh (+5.68%)
Columbia Wanger 1,992,500 sh (unchged)
Louis Moore Bacon Sold Out
Ron Baron 3,853,316 sh (-0.53%)
Manning & Napier Advisors, Inc 1,639,650 sh (-7.82%)
Pioneer Investments 297,435 sh (-15.44%)
Steven Cohen 8,104 sh (-74.49%)
» More
Q3 2013

AWAY Guru Trades in Q3 2013

Jim Simons 302,600 sh (New)
Paul Tudor Jones 18,100 sh (New)
Steven Cohen 580,829 sh (+7067.19%)
Columbia Wanger 2,015,000 sh (+1.13%)
Chuck Royce 465,500 sh (unchged)
Manning & Napier Advisors, Inc 1,633,960 sh (-0.35%)
Pioneer Investments 294,036 sh (-1.14%)
Ron Baron 3,687,864 sh (-4.29%)
» More
Q4 2013

AWAY Guru Trades in Q4 2013

Paul Tudor Jones 107,542 sh (+494.15%)
Columbia Wanger 2,009,200 sh (-0.29%)
Ron Baron 3,603,873 sh (-2.28%)
Pioneer Investments 281,146 sh (-4.38%)
Manning & Napier Advisors, Inc 1,391,201 sh (-14.86%)
Chuck Royce 350,500 sh (-24.7%)
Jim Simons 108,517 sh (-64.14%)
Steven Cohen 23,752 sh (-95.91%)
» More
» Details

Insider Trades

Latest Guru Trades with AWAY

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Burbank 2012-12-31 Sold Out 0.01%$19.98 - $27.25 $ 36.1558%0
John Burbank 2012-09-30 New Buy0.01%$20.31 - $25.17 $ 36.1556%11231
Ron Baron 2012-06-30 Add 28.93%0.11%$19.85 - $26.12 $ 36.1553%3433272
Ron Baron 2012-03-31 Add 310.79%0.3%$23.48 - $27.25 $ 36.15110%2662841
Ron Baron 2011-09-30 New Buy0.17%$31.67 - $42.93 $ 36.15-7%712220
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on HomeAway Inc

Baron Funds Comments on HomeAway Inc. - Feb 21, 2014

HomeAway, Inc. (AWAY), the leading online website for the vacation rentals, rose 46.2% in the fourth quarter. HomeAway reported strong results that beat street estimates for sales and cash flow and posted a sequential acceleration in listing growth. The company recently launched a new service called Pay Per Bookings (PPB), and early results were encouraging. We believe PPB will provide nice incremental growth, not cannibalize, the core subscription business and increase the company's overall opportunity and growth rate. We continue to consider HomeAway an industry leader that is in the early innings of converting a traditional business to a digital Internet approach, and we think cash flow can grow dramatically over time.



From Baron Funds fourth quarter 2013 shareholder letter.



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Baron Funds Comments on HomeAway Inc. - Nov 22, 2013

We trimmed our position in HomeAway, Inc. (AWAY) due to concerns regarding slowing listings growth and that the company's new initiatives may be less impactful than previously expected.

From Ron Baron’s Baron Funds third quarter 2013 letter.


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Baron Funds Comments on HomeAway Inc. - Nov 21, 2013

HomeAway, Inc. (AWAY) was down 13.5% in the third quarter. HomeAway is the #1 player in online vacation rentals with over 700,000 paid listings. We believe the stock's performance during the third quarter was impacted by a sell-side downgrade of the stock to equal-weight based on concerns around slowing listings growth. We continue to hold shares as we believe HomeAway listings growth will reaccelerate, that the company is pursuing a number of exciting new initiatives, such as online bookings, and that the company is in the early innings of consolidating a highly fragmented market. (Catherine Chen)

From Ron Baron’s Baron Funds third quarter 2013 report.


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Baron Funds Comments on HomeAway - Nov 06, 2013

HomeAway, Inc. (AWAY) is the leading website for vacation home rentals. Homeowners generally pay an annual subscription fee to HomeAway to showcase their rental properties to the site's users. We believe this business model has classic 'network effects,' whereby more listings attract more renters and vice versa. Shares fell in the quarter over concerns about a slowdown in new property listings on the site. We believe that listings growth will reaccelerate as the company introduces new pricing plans, which should also allow the compan y to capture higher reven ues per listing. We believe that HomeAway is in the early stages of consolidating a large, fragmented market, which should allow it to capture significantly higher revenues and profits.

From Ron Baron's Baron Funds third quarter 2013 report.


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Baron Funds Comments on HomeAway Inc. - Jun 06, 2013

HomeAway, Inc. (AWAY), the leading online provider of listings and services to the vacation rental industry, rose 48% in the quarter due to strong fourth quarter results. We admire HomeAway's business model and positioning and believe that the company can grow its cash flow multiple fold going forward, as it adds listings, grows revenue per listing and increases its margins through scale. Though this opportunity is not lost on investors, the stock had fallen late last year because the rate of growth was decelerating and the company did not meet earnings expectations. We added to our position believing the stock was attractive at the lower valuation and that results were soon to accelerate. We were rewarded this quarter when just that occurred and the stock was re-rated higher.

From Baron Funds’ first quarter 2013 commentary.


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Baron Funds Comments on HomeAway Inc. - May 24, 2012

From Baron Funds' first quarter letter: HomeAway, Inc. (AWAY) is the leading online marketplace for vacation rentals. Its websites offer extensive listings to travelers and make it easy for rental property owners and property managers to advertise their properties and manage bookings online. We believe that HomeAway is a dominant category killer in a rapidly growing niche. One can appreciate the value it offers property owners since it is rewarded by high renewal rates and as such have created a very sticky and sustainable business model.We believe that HomeAway will successfully add more properties to its boards, be able to realize higher rates for these listings, and layer in attractive new services that will get good take – rates, enabling the company to grow cash flow at over 25% per year for the foreseeable future. HomeAway was a hot IPO in 2011, which we purchased after the stock had fallen by a third on a shortterm disappointment. Though still not cheap, we see big upside in time as we believe cash flow can easily triple in the next five years.
Check out Ron Baron latest stock trades

Top Ranked Articles about HomeAway Inc

Baron Funds Comments on HomeAway Inc.
HomeAway, Inc. (AWAY), the leading online website for the vacation rentals, rose 46.2% in the fourth quarter. HomeAway reported strong results that beat street estimates for sales and cash flow and posted a sequential acceleration in listing growth. The company recently launched a new service called Pay Per Bookings (PPB), and early results were encouraging. We believe PPB will provide nice incremental growth, not cannibalize, the core subscription business and increase the company's overall opportunity and growth rate. We continue to consider HomeAway an industry leader that is in the early innings of converting a traditional business to a digital Internet approach, and we think cash flow can grow dramatically over time. Read more...
Baron Funds Comments on HomeAway Inc.
We trimmed our position in HomeAway, Inc. (AWAY) due to concerns regarding slowing listings growth and that the company's new initiatives may be less impactful than previously expected. Read more...
Baron Funds Comments on HomeAway Inc.
HomeAway, Inc. (AWAY) was down 13.5% in the third quarter. HomeAway is the #1 player in online vacation rentals with over 700,000 paid listings. We believe the stock's performance during the third quarter was impacted by a sell-side downgrade of the stock to equal-weight based on concerns around slowing listings growth. We continue to hold shares as we believe HomeAway listings growth will reaccelerate, that the company is pursuing a number of exciting new initiatives, such as online bookings, and that the company is in the early innings of consolidating a highly fragmented market. (Catherine Chen) Read more...
Baron Funds Comments on HomeAway
HomeAway, Inc. (AWAY) is the leading website for vacation home rentals. Homeowners generally pay an annual subscription fee to HomeAway to showcase their rental properties to the site's users. We believe this business model has classic 'network effects,' whereby more listings attract more renters and vice versa. Shares fell in the quarter over concerns about a slowdown in new property listings on the site. We believe that listings growth will reaccelerate as the company introduces new pricing plans, which should also allow the compan y to capture higher reven ues per listing. We believe that HomeAway is in the early stages of consolidating a large, fragmented market, which should allow it to capture significantly higher revenues and profits. Read more...
Baron Funds Comments on HomeAway Inc.
HomeAway, Inc. (AWAY), the leading online provider of listings and services to the vacation rental industry, rose 48% in the quarter due to strong fourth quarter results. We admire HomeAway's business model and positioning and believe that the company can grow its cash flow multiple fold going forward, as it adds listings, grows revenue per listing and increases its margins through scale. Though this opportunity is not lost on investors, the stock had fallen late last year because the rate of growth was decelerating and the company did not meet earnings expectations. We added to our position believing the stock was attractive at the lower valuation and that results were soon to accelerate. We were rewarded this quarter when just that occurred and the stock was re-rated higher. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 179.00
AWAY's P/E(ttm) is ranked lower than
72% of the 238 Companies
in the Global Internet Content & Information industry.

( Industry Median: 30.30 vs. AWAY: 179.00 )
AWAY' s 10-Year P/E(ttm) Range
Min: 103.44   Max: 3571.43
Current: 179

103.44
3571.43
P/B 4.20
AWAY's P/B is ranked higher than
50% of the 331 Companies
in the Global Internet Content & Information industry.

( Industry Median: 3.30 vs. AWAY: 4.20 )
AWAY' s 10-Year P/B Range
Min: 3.22   Max: 7.8
Current: 4.2

3.22
7.8
P/S 9.21
AWAY's P/S is ranked lower than
77% of the 362 Companies
in the Global Internet Content & Information industry.

( Industry Median: 2.68 vs. AWAY: 9.21 )
AWAY' s 10-Year P/S Range
Min: 4.61   Max: 12.15
Current: 9.21

4.61
12.15
PFCF 37.40
AWAY's PFCF is ranked higher than
50% of the 192 Companies
in the Global Internet Content & Information industry.

( Industry Median: 29.66 vs. AWAY: 37.40 )
AWAY' s 10-Year PFCF Range
Min: 15.92   Max: 49.73
Current: 37.4

15.92
49.73
EV-to-EBIT 83.30
AWAY's EV-to-EBIT is ranked lower than
73% of the 278 Companies
in the Global Internet Content & Information industry.

( Industry Median: 22.29 vs. AWAY: 83.30 )
AWAY' s 10-Year EV-to-EBIT Range
Min: 48.2   Max: 168.8
Current: 83.3

48.2
168.8

Valuation & Return

vs
industry
vs
history
Price/Net Cash 24.60
AWAY's Price/Net Cash is ranked lower than
64% of the 150 Companies
in the Global Internet Content & Information industry.

( Industry Median: 14.50 vs. AWAY: 24.60 )
AWAY' s 10-Year Price/Net Cash Range
Min: 27.81   Max: 93
Current: 24.6

27.81
93
Price/Net Current Asset Value 21.80
AWAY's Price/Net Current Asset Value is ranked lower than
66% of the 187 Companies
in the Global Internet Content & Information industry.

( Industry Median: 11.50 vs. AWAY: 21.80 )
AWAY' s 10-Year Price/Net Current Asset Value Range
Min: 23.91   Max: 58.13
Current: 21.8

23.91
58.13
Price/Tangible Book 14.10
AWAY's Price/Tangible Book is ranked lower than
74% of the 295 Companies
in the Global Internet Content & Information industry.

( Industry Median: 5.00 vs. AWAY: 14.10 )
AWAY' s 10-Year Price/Tangible Book Range
Min: 12.64   Max: 23.97
Current: 14.1

12.64
23.97
Price/Median PS Value 1.20
AWAY's Price/Median PS Value is ranked higher than
60% of the 328 Companies
in the Global Internet Content & Information industry.

( Industry Median: 1.10 vs. AWAY: 1.20 )
AWAY' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.35
Current: 1.2

0.7
1.35
Price/Graham Number 10.90
AWAY's Price/Graham Number is ranked lower than
82% of the 211 Companies
in the Global Internet Content & Information industry.

( Industry Median: 2.70 vs. AWAY: 10.90 )
AWAY' s 10-Year Price/Graham Number Range
Min: 8.3   Max: 18.02
Current: 10.9

8.3
18.02
Earnings Yield (Greenblatt) 1.20
AWAY's Earnings Yield (Greenblatt) is ranked lower than
65% of the 280 Companies
in the Global Internet Content & Information industry.

( Industry Median: 4.20 vs. AWAY: 1.20 )
AWAY' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.6   Max: 2.1
Current: 1.2

0.6
2.1

Business Description

Industry: Online Media » Internet Content & Information
Compare: » details
Traded in other countries:2HA.Germany
HomeAway, Inc., operates as an online marketplace for the vacation rental industry. Vacation rentals are fully furnished, privately owned residential properties, including homes, condominiums, villas and cabins that can be rented on a nightly, weekly or monthly basis. The company's marketplace brings together millions of travelers seeking vacation rentals online with hundreds of thousands of owners and managers of vacation rental properties located in over 145 countries around the world. Its ambition is to make every vacation rental in the world available to every traveler in the world through its online marketplace. The company's Products and Services includes: Paid Listings: Paid listings appear in search results on websites when travelers search for vacation rentals based on location, type of property, size or other characteristics. A paid listing provides the property owner or manager with a set of tools for managing an availability calendar, reservations, inquiries and the content of the listing; Transaction-Based Listings: The company offers property managers with large inventories of vacation rentals the opportunity to post listings for no initial up-front fees and, instead, charge fees based on the number of inquiries and online reservations that result from their listing on its websites; Property Management Software: Property managers can use company's enterprise software solutions to manage their businesses, customers and properties. It provides software solutions to property managers under the brand names Escapia, PropertyPlus, V12, Entech and First Resorts and offer software tailored to professional. Its strategies to achieve goal includes: Increase the Size of Marketplace by Providing the Online Experience: It intends to build on its market scale by providing the online experience for travelers, property owners and managers. For travelers, the company will leverage the scale and scope of the current listings on marketplace, the latest web technologies and own innovations in user interface, visual design, features and functionality; Bring More Choice and Value to Property Owners, Managers and Traveler:Its strategy is to better enable property owners and managers to optimize the value of their listings by extending tiered, pay-for-performance pricing across entire marketplace; Expand Geographically: It expects to build global reach by adding new listings and new traffic via organic growth and selected acquisitions in new geographies, including Europe, Latin America and Asia Pacific. It derives most of its revenue from paid listings from its property owners and managers. Company's customers generally pay for their listings at the beginning of the listing term, and revenue is recognized monthly over the term of the listing, which is generally one year.

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