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TripAdvisor (NAS:TRIP) Enterprise Value

: $1,969 Mil (As of Today)
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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, TripAdvisor's Enterprise Value is $1,969 Mil. TripAdvisor's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $128 Mil. Therefore, TripAdvisor's EV-to-EBIT ratio for today is 15.38.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, TripAdvisor's Enterprise Value is $1,969 Mil. TripAdvisor's EBITDA for the trailing twelve months (TTM) ended in Mar. 2023 was $221 Mil. Therefore, TripAdvisor's EV-to-EBITDA ratio for today is 8.91.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, TripAdvisor's Enterprise Value is $1,969 Mil. TripAdvisor's Revenue for the trailing twelve months (TTM) ended in Mar. 2023 was $1,601 Mil. Therefore, TripAdvisor's EV-to-Revenue ratio for today is 1.23.


TripAdvisor Enterprise Value Historical Data

The historical data trend for TripAdvisor's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TripAdvisor Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Enterprise Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,851.38 4,021.67 4,093.56 4,008.56 2,440.43

TripAdvisor Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,951.74 2,382.49 2,970.28 2,440.43 2,615.30

Competitive Comparison

For the Travel Services subindustry, TripAdvisor's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

TripAdvisor Enterprise Value Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, TripAdvisor's Enterprise Value distribution charts can be found below:

* The bar in red indicates where TripAdvisor's Enterprise Value falls in comparison to its industry or sector. The grey bar indicates the Enterprise Value's extreme value range as defined by GuruFocus.



TripAdvisor Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

TripAdvisor's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as

TripAdvisor's Enterprise Value for the quarter that ended in Mar. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


TripAdvisor  (NAS:TRIP) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

TripAdvisor's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1968.711/128
=15.38

TripAdvisor's current Enterprise Value is $1,969 Mil.
TripAdvisor's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $128 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

TripAdvisor's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=1968.711/221
=8.91

TripAdvisor's current Enterprise Value is $1,969 Mil.
TripAdvisor's EBITDA for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $221 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

TripAdvisor's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=1968.711/1601
=1.23

TripAdvisor's current Enterprise Value is $1,969 Mil.
TripAdvisor's Revenue for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,601 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


TripAdvisor Enterprise Value Related Terms

Thank you for viewing the detailed overview of TripAdvisor's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.


TripAdvisor (NAS:TRIP) Business Description

TripAdvisor logo
Address
400 1st Avenue, Needham, MA, USA, 02494
TripAdvisor is the world's leading travel metasearch company. The website offers 1 billion reviews and information on about 8 million accommodations, restaurants, experiences, airlines, and cruises. In 2021, 74% of revenue came from the company's core segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 20% of sales in 2021, and TheFork, its dining brand, represented 9% of revenue (about 3% of sales were intersegment, which are eliminated from consolidated revenue).
Executives
Michael Noonan officer: CFO & SVP C/O TRIPADVISOR, INC., 400 1ST AVENUE, NEEDHAM MA 02494
Matt Goldberg director, officer: CEO and President 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Jay C Hoag director 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Jie Sun director BUILDING 16#, NO. 968 JIN ZHONG ROAD, SHANGHAI F4 200335
Kanika Soni officer: Chief Commercial Officer C/O TRIPADVISOR INC., 400 1ST AVENUE, NEEDHAM MA 02494
Lindsay Nelson officer: Chief Experience&Brand Officer C/O TRIPADVISOR INC., 400 FIRST AVENUE, NEEDHAM MA 02494
Certares Ltrip Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Pemrose Corp director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Certares Holdings (blockable) Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Certares Holdings Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Certares Holdings (optional) Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Certares Management Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Clementine Investments Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Farmer Colin Michael director C/O CERTARES MANAGEMENT LLC, 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017
Michael Gregory Ohara director C/O CERTARES MANAGEMENT LLC, 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017

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