Expedia Group, Inc. (EXPE) vs Viking Holdings Ltd. (VIK)

Expedia Group, Inc. and Viking Holdings Ltd. are both Travel Services companies. Viking Holdings Ltd. is the larger, with a market value of $38.5B against $32.7B — 1.2× the size. Expedia Group, Inc. trades at the lower P/E: 15.6× against 28.6×. Viking Holdings Ltd. grew revenue faster over the last twelve months: 20.0% against 12.9%. Viking Holdings Ltd. has the higher net margin (19.3% vs 13.0%) and the lower return on invested capital (26.5% vs 138.1%). Across the 20 metrics below, Expedia Group, Inc. leads on 13 and Viking Holdings Ltd. on 7.

Valuation

Metric EXPE VIK Travel Services median
P/E 15.62 28.56 19.05
P/S 2.02 5.54 2.64
P/B 11.25 23.38 2.71
Price to free cash flow 8.75 33.48 13.14
EV/EBITDA 8.15 21.13 13.28
EV/Sales 1.92 5.86 3.26
Earnings yield 6.40% 3.50% 4.29%
Free cash flow yield 11.42% 2.99% 4.65%

Profitability

Metric EXPE VIK Travel Services median
Gross margin 90.48% 43.21% 52.17%
Operating margin 17.24% 23.27% 15.57%
Net margin 12.99% 19.33% 8.07%
Free cash flow margin 23.09% 16.56% 7.89%
Return on equity 76.49% 194.53% 1.26%
Return on assets 8.11% 10.82% 3.81%
Return on invested capital 138.08% 26.45% 5.65%

Growth

Metric EXPE VIK Travel Services median
Revenue growth (TTM) 12.92% 20.02% 11.33%
EPS growth (last fiscal year) 9.61% 613.89% 5.97%
Revenue growth, 5-year CAGR 23.16% — 29.37%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric EXPE VIK Travel Services median
Debt to equity 1.87 3.73 0.21
Current ratio 0.77 0.81 1.33
Net debt to EBITDA (0.36) 1.07 1.01

Dividend

Metric EXPE VIK Travel Services median
Dividend yield 0.67% — 1.52%
Payout ratio 0.11 — 0.20

Size

Metric EXPE VIK Travel Services median
Market cap 32.70b 38.48b 4.77b

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