BKNG Stock Quick Take - Moat Worthy?
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- BKNG stock or Booking Stock looks interesting thanks to its moat and customer stickiness - will that hold is the big question?
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Thank you for your quick take on BKNG. I thought the ticker symbol was for Burger King at first, so it was interesting to learn about Booking =)
I see no point in using booking.
Call the hotel you found on booking and they happily give you 10% off when they don't have to pay the fees.
Edit: Yes you even mentioned it
I can never find what want i want. They filter what they want to show me. Even on google maps, hotels disappear if they want to promote another.
In alot of hotels they ask you to reserve via BOOKING, even if u are there in person LOL
Thanks. Waiting for Verizon. Interesting analysis. Conclusion so far: Google is better than those 9 business.
Hello Sven. Would love to see videos for CE - Celanese and LYB - LyondellBasell . Both in the same industry, beaten down YTD, paying in my view “healthy” dividend and strong balance sheets.
Hi Sven,
what about checking Skyworks Solution (5G connectivity):
They are profitable, pay a dividend, buy back shares, are at historical low valuation (Forward PE 8.4) whereas they've traded very often at PEs of 15-20. They are expected to grow in the next years (even though not at a high rate), debt levels look okay to me, market cap of 15 bn so it can still grow - looks like a good value investment to me.
Thanks :)
Sorry Sven put I think you didn’t do good work with this analysis
Net income is 1.5b$ (because there is 1.8 loss of investments)
Last 4 years the company did 5% yearly buyback (you saying in the video that the company don’t do buybacks
You didn’t talk about there Chinese investments (there must worth something)
You didn’t talk about there 2.8b net cash (it’s free cash so it must be calculated)
You didn’t Considering these variables in your analysis, and that change Risk and reward
Hi Sven, great work with these quick takes, I love it :)
Can you please take a look at BMW.. Trailing PE of 2, forward PE of 4-5, price to sales, price to book ratios are incredibly cheap.. And it is a 8% dividend. We are both from Europe and also from Croatia, so we know the brand strength that this company has, but they are also huge worldwide. Might be interesting to look at. Especially with commodity prices going down and shipping rates going down so they should have less headwinds going forward.
I will have to check the car industry :-)
And 27% divi tax by germans, thievery
I prefer ABNB over BKNG 🤔
Me too. Was easier to find what I wanted. The others kept feeding expensive rooms I didn’t want.
i go to both and when i like something i search for the contacts of the offer. usually, not always, but usually you can save 10-20% of the online price by booking directly. imho there is no moat for these booking engines.
Hi Sven! Great video, as the others! Thanks for your valuable insights!
Wondering what you think about Lumen technologies, ticker symbol LUMN. Even if it is “dying” and as they sell part of the business, I would say it is still worth something. They have huge infrastructure, capex to maintain it is less that yearly depreciation. Cash flow is still there, EPS is almost 2$; even if it goes to 1 and a P/E of 10, still worth 10$ = 42% upside (from actual 7$), + the dividend (1$/year; indeed, risk to be cut).
Thanks! All the best and keep up the good work!
Alex
For your consideration Sven…
WEF on Toronto stock exchange. Western forest products. Sawmill and timber harvesting mostly in costal British Columbia (Canada)
Opportunity… I believe the company can do ~$70M in FCF with lumber prices @$300-400/1000 board feet. Similar to 2018. Market cap is $450M. History of returning cash to shareholders. A lot of noise in their results 2019-2020 due to strikes, production issues.
Vs other lumber companies (Canfor, Interfor) there is less debt and more stability in pricing due to larger percentage of revenue from specialty lumber vs commodity. Forward multiples are similar and think forestry space in general is pricing in too much pessimism on future of housing market.
Risk is obviously housing market in North America. 60% of rev is NA, 36% Canada. While I think some softness in short run, I find it hard to see scenario where they can’t do FCF = current market cap over next 7 years. Very little debt.
What about risks such as actually timber supply in BC and regulatory issues?
Canadian regs are driving more lumber production & timber sourcing demand to the states.
@@DerMeister821 both good risks to be aware of.
forest fire risk has always been and will always be there. It may create volatility in earnings
On BC gov… what politicians say to appease tree lovers, and what they actually DO… often seems to differ. Forestry important industry and I don’t think BC gov will ever restrict logging to the point where sawmills sit idle.
@@mknox242 Well, I didn't mention forest fires, and what the government in CA and BC actually has been affecting things, it's not a "if maybe" issue. I worked as an analyst in paper and now I work as a corporate (fill in the blanks) for a company that sources some timber from CA. There are serious issues going on in BC that IS (PRESENT TENSE) driving more timber supply demand back to the lower 48. This isn't what you are acknowledging in your scenarios.
@@DerMeister821 you are referring to old growth logging deferral? I have been following and don’t see that it should have a catastrophic effect on the businesses. Biggest risk in my mind still housing market. Curious if you think I am missing something else? Appreciate your perspective
@@mknox242 I don't know if it's the old growth or not to be honest. All I know is it caused quite an uproar in my company about finding additional sources here in the states (we've purchased additional fee lands this year).
I think housing is going to be an issue as well, especially with rising rates. I have more to say about that, but I shouldn't for the time being.
So yeah, I just find it strange we've had to re-adjust some sourcing, purchase some of our sources, etc., while (allegedly) there is issues in BC for timber. So that's really why I tend to disagree with your statement in that regard. Whatever is going on, maybe it's 'transitory' (my bad) issues that companies are over-reacting too.
All that said, the rail also is contributing huge to pricing with constant increases. Some sections of tract were shut down decades ago, some sold more recently, etc., and that all hurts when you double the travel time of raw materials (time and distance due to inefficient railcar scheduling issues--IN MY OPINION).
Then obviously the diesel and spare parts materials costs are ridiculous. We had nearly triple cost increases for things as simple as steel plate for basic mill repairs and fabrication from covid 'till now. So there's all kinds of crap going on. Oh well.
great video. can you have a look at ASO?
Hi Sven! Thank you for the great content! Could you please do a analysis on Rentokil Initial? Ticket: RTO. I’m sure you will add to your TH-cam portfolio! Cheers from the UK!
I love their name: RENT TO KILL :_))))))
Hi Sven, could you take a look at ASML from the Netherlands. I believe its one of the most crucial companies in the world atm even though a lot of people never heard of it. I am having a bit of trouble analysing the fair value of ASML. Hope you can help!
Baba
It has a massive place in the Chinese economy.
It has cash flows.
It should grow with China.
Hey Sven, can you check out UAN? It's called CVR partners and manufacturers nitrogen fertilizer. Fertilizer prices are sky high worldwide due to high natural gas prices and dwindling food stocks. I feel like they have a bright future, especially considering World leaders refusal to invest more into energy infrastructure. They also are based in US (where natural gas is relatively cheap), so they benefit from that as well.
Hello Sven, Can Rio Tinto (RIO) considered as a hedge in the current environment? Can mineral resources of RIO do well in a recession or it will fall as the market? It has a high Dividend Yield of 11.5% and YTD outperform SPX which is down 21% when RIO is down 13%. Your thoughts will be valuable
The stock will fall in a recession. It is very cyclical.
Hi Sven, I’m curious what is your opinion about OCI NV. It looks very interesting from my perspective having a dividend yield of 18 with a payout ratio of approximately 30%. In general stocks with those kind of yields have collapsing stock prices, but not in this case, where the 1Y increase is 58% and 6M is 21%.
It is true that there revenues and earnings were helped by the increase of prices in natural gas, but it seams that their products are well positioned for a future with lower CO2 emissions. Also I do like that their production facilities are positioned on 3 different continents, and could profit from different local opportunities.
Hi Sven, what was that website you were using to check the 10 year earnings? Thanks!
Dr Carlin what are your thoughts on SMG? Cheap as hell. 6% dividend. Picks and shovels play into the cannabis market. Doesn't matter if the producers are legal or illegal, they need hydroponics.
I wouldn’t invest in Booking. Sounds like a long term value trap.
I personally use Expedia, Airbnb, or I just directly contact the hotel
Why a value trap? A company with 40% market share in Europe? Better ROIC than all other competitors. And in my opinion, a FAR better user experience than Airbnb.
Sven, how about lithium miners analysis? I would love to hear about $LLKKF opinion as is penny stock but I think it has nice potential in future years.
will have to make an analysis :-)
Considering looking at Coupang (CPNG). Emerging market (south korea) stock with virtually no competition in the country. Growth stock but currently priced like value. Bunch of super investors (Bill gates) owns it.
Sven , please analyse Kone - stable compounder that dropped a lot with huge cashflow
I take it you like Google at current price Sven? 😁, l think I'm going to jump in soon
Google same sector as Booking. So why such a huge difference in P/E ratio when Google clearly has more diversity than Booking. Is it related to debt?
Adidas...Sven what do you see on Adidas?!...
Three stripes
Adidas has recently become my largest holding. Way undervalued
Really not impressed by adidas's growth. The fact that this is a cyclical stock contributes also to the volatility. IMO, Nike is way more interesting.
Seems like the bottom line on amost all of those 10 stock video series you're doing now: "Why don't I just buy google instead?"
Hey Sven.. I have a request: Kronos worldwide (KRO). Titanium dioxide pigment manufacturer, on of the top 5 worldwide. Strong B/S and low leverage. High dividend yield (~8%) and strong cash flow generation. Good market share globally and high barriers to entry. Risks: family controlled, highly cyclical industry, leveraged to the housing and auto sectors, leveraged to the European continent in particular Germany that is going through obvious turmoil. Reward: the company is trading at 1.2x tangible book value compared to competitor chemours trading at ~4x book. Other competitors in the top 5, besides chemours are highly leveraged and have poor capital structure making them very vulnerable during the downturn. What am I missing here? I want to know you opinion. Is it a good investment?
I dont like you showing alway 1 sentense comments if you want at least risk/reward and some value in the comment .-. They are many people trying much in putting as much as possible value in one single comment