TRIP

TripAdvisor Inc.

TMT


Presented:02/19/2014
Price:$93.35
Cap:$13.30B
Current Price:$14.97
Cap:$2.08B

Presented

Date02/19/2014
Price$93.35
Market Cap$13.30B
Ent ValueN/A
P/E Ratio55.49x
Book Value$7.87
Div YieldN/A
Shares O/S142.23M
Ave Daily Vol1,960,000
Short Int10.39%

Current

Price$14.97
Market Cap$2.08B
TripAdvisor, Inc. operates as an online travel company. Its travel research platform aggregates reviews and opinions about destinations; accommodations, including hotels, B&Bs, specialty lodging, and vacation rentals; and restaurants and activities, as well as enables consumers to book hotels, vacation rentals, airline tickets, vacation packages, destination services, and cruises under its TripAdvisor brand name. The company operates TripAdvisor-branded Websites comprising tripadvisor.com in the United States; and localized versions of the Website in 33 countries, including China under the daodao.com brand. In addition, it manages and operates Websites under 20 other travel media brands. The company’s branded sites offer 125 million reviews and opinions covering approximately 775,000 hotels and accommodations, and approximately 550,000 vacation rentals, as well as 2 million restaurants, and 400,000 attractions in 139,000 destinations worldwide. TripAdvisor, Inc. was founded in 2000 and is headquartered in Newton, Massachusetts.

Highlights

The presenter is long shares of TripAdvisor (TRIP) and believes the company will benefit from a metasearch pricing tailwind that the Street seems to be misinterpreting. While shares appear to be expensive by most basic measures, TRIP “is the most valuable piece of the travel stack” and the company’s overall enterprise value is relatively low and substantially below Priceline.com’s.

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Idea Discussion

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