TRIP

TripAdvisor Inc

TMT, Consumer


Presented:04/06/2016
Price:$65.53
Cap:$9.57B
Current Price:$14.97
Cap:$2.08B

Presented

Date04/06/2016
Price$65.53
Market Cap$9.57B
Ent Value$12.07B
P/E Ratio48.18x
Book Value$9.72
Div Yield0%
Shares O/S146.00M
Ave Daily Vol2,458,676
Short IntN/A

Current

Price$14.97
Market Cap$2.08B
TripAdvisor, Inc. owns and operates a portfolio of online travel brands. The company operates its business through two segments: Hotel and Other. The Hotel segment includes revenue generated from services related to hotels, including click-based and display-based advertising revenue from making hotel room nights, airline reservations, and cruise reservations available for price comparison and booking, as well as subscription-based products such as Business Listings, transaction-based products such as Jetsetter and Tingo, and other revenue related to hotels. The Other segment consists of the aggregation of three operating segments, which include its attractions, restaurants and vacation Rentals businesses. TripAdvisor was founded by Stephen Kaufer in July 2011 and is headquartered in Needham, MA.

Publicly traded companies mentioned herein: Priceline Group Inc (PCLN), TripAdvisor Inc (TRIP)

Highlights

The presenter is long shares of TripAdvisor (TRIP), acknowledging a potentially risky short term but “good upside in the long term.” He believes there is meaningful benefit to be reaped from the Instant Book rollout, and that once TRIP overcomes the initial “painful transition,” traction and upside will be greater than Street expectations. He believes TRIP shares are worth $95 - $100, compared to $62 today for a ~60% upside.

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Idea Discussion

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