Intrinsic Value

Booking Holdings Inc.

Booking Holdings Inc. (BKNG)

Consumer Cyclical

Enterprise Value 111,832.65
Net Debt 2,364.49
Equity Value 109,468.16
Shares Outstanding 47.45
Equity Value Per Share 2,307.22

Because investors are more interested in the value of the company’s shares alone, we’ll deduct net debt from this value to arrive at a fair value of the company’s equity. Fair Value = Enterprise Value – Debt