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Liberty TripAdvisor Holdings

Nasdaq:LTRP.A
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LTRP.A
Nasdaq
$114M
Market Cap
  1. Home
  2. US
  3. Media
Company description

Liberty TripAdvisor Holdings, Inc., through its subsidiaries, operates as an online travel company that connects travelers with travel partners. The last earnings update was 44 days ago. More info.


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  • Liberty TripAdvisor Holdings has significant price volatility in the past 3 months.
LTRP.A Share Price and Events
7 Day Returns
-24.3%
NasdaqGS:LTRP.A
-3.5%
US Interactive Media and Services
-4.1%
US Market
1 Year Returns
-90.3%
NasdaqGS:LTRP.A
-13.8%
US Interactive Media and Services
-14.9%
US Market
LTRP.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Liberty TripAdvisor Holdings (LTRP.A) -24.3% -66.9% -80.2% -90.3% -89.6% -95.5%
US Interactive Media and Services -3.5% -18.1% -22.4% -13.8% 17.2% 66%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • LTRP.A underperformed the Interactive Media and Services industry which returned -13.8% over the past year.
  • LTRP.A underperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
LTRP.A
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Liberty TripAdvisor Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Liberty TripAdvisor Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Liberty TripAdvisor Holdings.

NasdaqGS:LTRP.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:LTRP.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.029 (1 + (1- 21%) (456.41%))
3.505
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (2 * 5.44%)
12.62%

Discounted Cash Flow Calculation for NasdaqGS:LTRP.A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Liberty TripAdvisor Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:LTRP.A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.62%)
2020 319.77 Est @ -0.78% 283.94
2021 319.69 Est @ -0.02% 252.06
2022 321.31 Est @ 0.51% 224.94
2023 324.12 Est @ 0.88% 201.49
2024 327.80 Est @ 1.13% 180.94
2025 332.12 Est @ 1.32% 162.78
2026 336.91 Est @ 1.44% 146.62
2027 342.07 Est @ 1.53% 132.19
2028 347.53 Est @ 1.59% 119.25
2029 353.22 Est @ 1.64% 107.62
Present value of next 10 years cash flows $1,811.00
NasdaqGS:LTRP.A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $353.22 × (1 + 1.74%) ÷ (12.62% – 1.74%)
$3,303.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,303.02 ÷ (1 + 12.62%)10
$1,006.36
NasdaqGS:LTRP.A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,811.00 + $1,006.36
$2,817.36
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,817.36 / 75.08
$37.52
NasdaqGS:LTRP.A Discount to Share Price
Calculation Result
Value per share (USD) From above. $37.52
Current discount Discount to share price of $1.43
= -1 x ($1.43 - $37.52) / $37.52
96.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Liberty TripAdvisor Holdings is available for.
Intrinsic value
>50%
Share price is $1.43 vs Future cash flow value of $37.52
Current Discount Checks
For Liberty TripAdvisor Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Liberty TripAdvisor Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Liberty TripAdvisor Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Liberty TripAdvisor Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Liberty TripAdvisor Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:LTRP.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.29
NasdaqGS:LTRP.A Share Price ** NasdaqGS (2020-04-02) in USD $1.43
United States of America Interactive Media and Services Industry PE Ratio Median Figure of 30 Publicly-Listed Interactive Media and Services Companies 23.32x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Liberty TripAdvisor Holdings.

NasdaqGS:LTRP.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:LTRP.A Share Price ÷ EPS (both in USD)

= 1.43 ÷ -0.29

-4.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Liberty TripAdvisor Holdings is loss making, we can't compare its value to the US Interactive Media and Services industry average.
  • Liberty TripAdvisor Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Liberty TripAdvisor Holdings's expected growth come at a high price?
Raw Data
NasdaqGS:LTRP.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Interactive Media and Services Industry PEG Ratio Median Figure of 25 Publicly-Listed Interactive Media and Services Companies 1.46x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Liberty TripAdvisor Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Liberty TripAdvisor Holdings's assets?
Raw Data
NasdaqGS:LTRP.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.26
NasdaqGS:LTRP.A Share Price * NasdaqGS (2020-04-02) in USD $1.43
United States of America Interactive Media and Services Industry PB Ratio Median Figure of 60 Publicly-Listed Interactive Media and Services Companies 1.68x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqGS:LTRP.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:LTRP.A Share Price ÷ Book Value per Share (both in USD)

= 1.43 ÷ 4.26

0.34x

* Primary Listing of Liberty TripAdvisor Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Liberty TripAdvisor Holdings is good value based on assets compared to the US Interactive Media and Services industry average.
X
Value checks
We assess Liberty TripAdvisor Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Interactive Media and Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. Liberty TripAdvisor Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Liberty TripAdvisor Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Liberty TripAdvisor Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14%
Expected Interactive Media and Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Liberty TripAdvisor Holdings expected to grow at an attractive rate?
  • Unable to compare Liberty TripAdvisor Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Liberty TripAdvisor Holdings's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Liberty TripAdvisor Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:LTRP.A Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 13.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:LTRP.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:LTRP.A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31
2020-04-03
NasdaqGS:LTRP.A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,560 391 -22
2019-09-30 1,571 375 9
2019-06-30 1,602 390 7
2019-03-31 1,613 408 -35
2018-12-31 1,615 400 -64
2018-09-30 1,590 387 -425
2018-06-30 1,571 233 -452
2018-03-31 1,569 265 -425
2017-12-31 1,569 219 -397
2017-09-30 1,587 246 7
2017-06-30 1,582 294 19
2017-03-31 1,549 312 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Liberty TripAdvisor Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Liberty TripAdvisor Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:LTRP.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Liberty TripAdvisor Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LTRP.A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2020-04-03
NasdaqGS:LTRP.A Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.29
2019-09-30 0.12
2019-06-30 0.09
2019-03-31 -0.47
2018-12-31 -0.86
2018-09-30 -5.67
2018-06-30 -6.03
2018-03-31 -5.67
2017-12-31 -5.29
2017-09-30 0.09
2017-06-30 0.25
2017-03-31 0.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Liberty TripAdvisor Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Liberty TripAdvisor Holdings is trading at Liberty TripAdvisor Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Liberty TripAdvisor Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Liberty TripAdvisor Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Liberty TripAdvisor Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Liberty TripAdvisor Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Liberty TripAdvisor Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Liberty TripAdvisor Holdings's growth in the last year to its industry (Interactive Media and Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Liberty TripAdvisor Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Liberty TripAdvisor Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Liberty TripAdvisor Holdings's 1-year growth to the US Interactive Media and Services industry average as it is not currently profitable.
Earnings and Revenue History
Liberty TripAdvisor Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Liberty TripAdvisor Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LTRP.A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,560.00 -22.00 895.00
2019-09-30 1,571.00 9.00 900.00
2019-06-30 1,602.00 7.00 916.00
2019-03-31 1,613.00 -35.00 947.00
2018-12-31 1,615.00 -64.00 966.00
2018-09-30 1,590.00 -425.00 970.00
2018-06-30 1,571.00 -452.00 1,014.00
2018-03-31 1,569.00 -425.00 1,019.00
2017-12-31 1,569.00 -397.00 1,021.00
2017-09-30 1,587.00 7.00 1,021.00
2017-06-30 1,582.00 19.00 980.00
2017-03-31 1,549.00 30.00 948.00
2016-12-31 1,532.00 21.00 918.00
2016-09-30 1,538.00 -37.00 889.00
2016-06-30 1,536.00 -39.00 880.00
2016-03-31 1,552.00 -45.00 886.00
2015-12-31 1,565.00 -40.00 868.00
2015-09-30 1,545.00 -35.00 674.00
2015-06-30 1,488.00 -37.00 697.00
2015-03-31 1,409.00 -31.00 674.00
2014-12-31 1,329.00 -22.00 663.00
2014-09-30 1,254.00 -15.00 845.00
2014-06-30 1,153.00 -2.00 751.00
2014-03-31 1,081.00 0.00 684.00
2013-12-31 1,034.00 -7.00 494.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Liberty TripAdvisor Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Liberty TripAdvisor Holdings has efficiently used its assets last year compared to the US Interactive Media and Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Liberty TripAdvisor Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Liberty TripAdvisor Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Interactive Media and Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Liberty TripAdvisor Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Liberty TripAdvisor Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Liberty TripAdvisor Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Liberty TripAdvisor Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Liberty TripAdvisor Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Liberty TripAdvisor Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Liberty TripAdvisor Holdings Company Filings, last reported 3 months ago.

NasdaqGS:LTRP.A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,301.00 353.00 356.00
2019-09-30 3,887.00 497.00 849.00
2019-06-30 3,818.00 493.00 915.00
2019-03-31 3,763.00 490.00 787.00
2018-12-31 3,736.00 487.00 687.00
2018-09-30 3,725.00 484.00 681.00
2018-06-30 3,646.00 480.00 685.00
2018-03-31 3,748.00 484.00 656.00
2017-12-31 3,753.00 711.00 730.00
2017-09-30 5,277.00 743.00 786.00
2017-06-30 5,238.00 735.00 932.00
2017-03-31 5,292.00 683.00 782.00
2016-12-31 5,424.00 635.00 772.00
2016-09-30 5,499.00 557.00 768.00
2016-06-30 5,456.00 551.00 899.00
2016-03-31 5,457.00 535.00 715.00
2015-12-31 5,436.00 621.00 691.00
2015-09-30 5,399.00 704.00 721.00
2015-06-30 5,376.00 700.00 753.00
2015-03-31 5,339.00 739.00 673.00
2014-12-31 5,347.00 740.00 617.00
2014-09-30 5,385.00 746.00 628.00
2014-06-30 5,667.00 395.00 640.00
2014-03-31 5,624.00 397.00 464.00
2013-12-31 5,581.00 399.00 485.00
  • Liberty TripAdvisor Holdings's level of debt (10.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (13.8% vs 10.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Liberty TripAdvisor Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Liberty TripAdvisor Holdings has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.8% per year.
X
Financial health checks
We assess Liberty TripAdvisor Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Liberty TripAdvisor Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Liberty TripAdvisor Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Liberty TripAdvisor Holdings dividends.
If you bought $2,000 of Liberty TripAdvisor Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Liberty TripAdvisor Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Liberty TripAdvisor Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:LTRP.A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 0.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:LTRP.A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-04-03

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Liberty TripAdvisor Holdings has not reported any payouts.
  • Unable to verify if Liberty TripAdvisor Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Liberty TripAdvisor Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Liberty TripAdvisor Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Liberty TripAdvisor Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Liberty TripAdvisor Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Liberty TripAdvisor Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Liberty TripAdvisor Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Maffei
COMPENSATION $0
AGE 59
TENURE AS CEO 6.8 years
CEO Bio

Mr. Gregory B. Maffei, also known as Greg, served as the Chief Executive Officer of QVC Group from May 12, 2017 to 2018. Mr. Maffei has been Chief Executive Officer, President and a Director of GCI Liberty Inc. since March 09, 2018. He has been Executive Chairman of Qurate Retail, Inc. since March 2018 and has been its Director since November 2005. He leads the team transforming and Liberty Interactive Corporation to compete in the digital/mobile era. He served as the Chief Executive Officer and President of Qurate Retail, Inc. (formerly known as Liberty Interactive Corporation) from February 2006 to March 2018 and served as its CEO-Elect from November 2005 through February 2006. He has been the Chief Executive Officer, President and Director at Liberty Media Corporation since May 2007. He serves as the Chief Executive Officer and President of Liberty Interactive LLC. He has been the Chief Executive Officer and President of Liberty Capital Group, Inc. since March 2006. He has been the Chief Executive Officer and President of Liberty TripAdvisor Holdings, Inc./LTRIP since July 2013 and has been its Chairman of the Board since June 8, 2015. He has been the Chief Executive Officer and President at Liberty Broadband Corporation since June 2014. He serves as the Chief Executive Officer and President of Liberty GIC, Inc. He served as the President at QVC Group until May 12, 2017. He served as the President and Chief Executive Officer of Liberty Interactive, Inc. He founded MSNBC Cable L.L.C. in 1996 and served as its Executive Officer. Prior to joining Qurate in 2005, he served as President of Oracle Corporation from June 2005 to November 2005 and served as its Chief Financial Officer from July 2005 to November 2005. He served as the President and Chief Executive Officer of 360networks, Inc. since March 2000 and January 18, 2000, respectively. He served as the Chief Executive Officer of 360networks Corporation from January 2000 to June 2005 and served as its President from July 2002 to November 2002. From July 1997 to January 2000, he served as Senior Vice President of Finance & Administration and Chief Financial Officer of Microsoft Corporation. Mr. Maffei served a number of positions at Microsoft, including Director of Business Development & Investments until April 1994 and served as its Treasurer from April 1994 to June 1996 and Vice President of Corporate Development from July 1996 to July 1997. Prior to joining Microsoft in 1993, he served as a Vice President of CitiCorp. Venture Capital Ltd. and served with Dillon Read. He served as a Vice President of Court Square Capital Partners L.P. He served with Deloitte and Touche, where he was a Managing Partner of Seattle Emerging Companies Practice and their Bellevue practice office. He served as the Chief Executive Officer and President of Old Liberty since February 2006. He served as the Chief Financial Officer and Senior Vice President of Finance & Administration at Pay N Pak Stores Inc. He has been the Non-Executive Chairman of Live Nation Entertainment, Inc. since March 14, 2013 and Chairman of the Board of Pandora Media, Inc. since September 2017. He serves as Chairman of Colorado Governor's TBD Initiative. He has been the Chairman of Sirius XM Holdings Inc. since April 2013. He has been the Chairman and Director of TripAdvisor Inc. since February 12, 2013; SIRIUS XM Radio Inc. since April 2013. He served as President and Chief Executive Officer of Starz from May 2007 to January 2013 and served as its Chairman of the Board from January 11, 2013 to December 8, 2016. He served as the Chairman of 360networks, Inc. from November 2002 to 2011 and The Nasdaq Stock Market Board of Directors and Expedia, Inc. from 1999 to February 2002. He served as the Chairman of 360networks Corporation. Mr. Maffei served as the President of the Board of Trustees of the Seattle Public Library. He has been Deputy Chair of the Board at Delta Topco Limited since January 23, 2017. He serves as a Director at CCH I, LLC. He has been a Director of Zillow Group, Inc. since February 2015, having previously served as a director of its predecessor, Zillow, Inc., from May 2005 to February 2015. He has been a Director of SIRIUS XM Radio Inc. since March 17, 2009; Director of Sirius XM Holdings Inc. since March 2009; Liberty TripAdvisor Holdings, Inc./LTRIP since July 2013; Liberty Capital Group, Inc. since March 2006; CORT Business Services Corporation since November 1995; Live Nation Entertainment, Inc. since February 4, 2011; Ragen MacKenzie Group, Inc. since June 1998 and Liberty Interactive Corporation since November 2005. He has been a Director of Charter Communications, Inc. since May 1, 2013. Mr. Maffei serves as a Director of Starz Entertainment, LLC; Mobile Telecommunications Technologies Corporation; QVC Group; Liberty Starz and Lockerz Photos. He has been a Director of Liberty Broadband Corporation since June 2014. He served as a Director of SkyTel Corp. since May 1995; Old Liberty from November 2005 to May 2006; Electronic Arts Inc. from June 3, 2003 to July 31, 2013; ONI Systems corp. since February 2000; Starbucks Corporation from February 1999 to March 3, 2006; Barnes & Noble, Inc. from September 2011 to April 8, 2014 and Microsoft Advertising (now known as aQuantive, Inc.) since September 1999. He served as a Non-Executive Director at Fun Technologies Inc. He served as a Director of Expedia Inc. from 1999 to July 31, 2003. Mr. Maffei served as a Director of 360networks, Inc. since January 2000. Mr. Maffei previously served on the Board of Directors of Starz. He served as a Director of CommerceHub, Inc., until July 2016. He served as a Director of Dorling Kindersley Limited, Galvanize, Inc., Touch America Inc., Citrix Systems, Inc. and DayJet Corporation. He served as a Director of DIRECTV, LLC from February 2008 to June 17, 2010. He was a Governor of the National Association of Securities Dealers. He is a member of the Board of Trustees of Dartmouth College and Council on Foreign Relations. Mr. Maffei holds an A.B. Degree from Dartmouth College and a Master's Degree in Business Administration from Harvard Business School, where he was a Baker Scholar.

CEO Compensation
  • Insufficient data for Greg to compare compensation growth.
  • Insufficient data for Greg to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Liberty TripAdvisor Holdings management team in years:

3.9
Average Tenure
52.5
Average Age
  • The tenure for the Liberty TripAdvisor Holdings management team is about average.
Management Team

Greg Maffei

TITLE
Chairman
AGE
59
TENURE
6.8 yrs

Brian Wendling

TITLE
Senior VP & Principal Financial Officer
AGE
46
TENURE
4.3 yrs

Albert E. Rosenthaler

TITLE
Chief Corporate Development Officer & Director
AGE
59
TENURE
3.5 yrs

Courtnee Chun

TITLE
Chief Portfolio Officer & SVP of Investor Relations
AGE
44

Renee Wilm

TITLE
Chief Legal Officer
TENURE
0.6 yrs

Michael Hurelbrink

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Liberty TripAdvisor Holdings board of directors in years:

5.7
Average Tenure
60
Average Age
  • The tenure for the Liberty TripAdvisor Holdings board of directors is about average.
Board of Directors

Greg Maffei

TITLE
Chairman
AGE
59
TENURE
4.8 yrs

Greg O'Hara

TITLE
Vice Chairman
AGE
52
TENURE
0.1 yrs

Albert E. Rosenthaler

TITLE
Chief Corporate Development Officer & Director
AGE
59
TENURE
5.7 yrs

Chris Mueller

TITLE
Independent Director
COMPENSATION
$239K
AGE
60
TENURE
5.7 yrs

Larry Romrell

TITLE
Independent Director
COMPENSATION
$206K
AGE
80
TENURE
5.7 yrs

J. Wargo

TITLE
Independent Director
COMPENSATION
$250K
AGE
66
TENURE
5.7 yrs

Michael Malone

TITLE
Independent Director
COMPENSATION
$245K
AGE
74
TENURE
5.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Liberty TripAdvisor Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Liberty TripAdvisor Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What You Must Know About Liberty TripAdvisor Holdings, Inc.'s (NASDAQ:LTRP.A) Beta Value

Check out our latest analysis for Liberty TripAdvisor Holdings What LTRP.A's beta value tells investors Given that it has a beta of 1.62, we can surmise that the Liberty TripAdvisor Holdings share price has been fairly sensitive to market volatility (over the last 5 years). … If this beta value holds true in the future, Liberty TripAdvisor Holdings shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Beta only tells us that the Liberty TripAdvisor Holdings share price is sensitive to broader market movements.

Simply Wall St -

Why We’re Not Keen On Liberty TripAdvisor Holdings, Inc.’s (NASDAQ:LTRP.A) 3.3% Return On Capital

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Liberty TripAdvisor Holdings: 0.033 = US$157m ÷ (US$5.6b - US$910m) (Based on the trailing twelve months to June 2019.) Therefore, Liberty TripAdvisor Holdings has an ROCE of 3.3%. … View our latest analysis for Liberty TripAdvisor Holdings Is Liberty TripAdvisor Holdings's ROCE Good? … How Liberty TripAdvisor Holdings's Current Liabilities Impact Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less.

Simply Wall St -

Volatility 101: Should Liberty TripAdvisor Holdings (NASDAQ:LTRP.A) Shares Have Dropped 45%?

See our latest analysis for Liberty TripAdvisor Holdings Liberty TripAdvisor Holdings isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … In the last three years, Liberty TripAdvisor Holdings saw its revenue grow by 1.6% per year, compound. … A Different Perspective The last twelve months weren't great for Liberty TripAdvisor Holdings shares, which cost holders 27%, while the market was up about 8.5%.

Simply Wall St -

Before You Buy Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRP.A), Consider Its Volatility

If this beta value holds true in the future, Liberty TripAdvisor Holdings shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … With a market capitalisation of US$832m, Liberty TripAdvisor Holdings is a small cap stock. … What this means for you: Since Liberty TripAdvisor Holdings tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Did Liberty TripAdvisor Holdings's Share Price Deserve to Gain 49%?

Because Liberty TripAdvisor Holdings is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … When a company doesn't yet make profits, we'd generally expect to see good revenue growth. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.

Simply Wall St -

Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRP.A) Might Not Be A Great Investment

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Does The Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRP.A) Share Price Tend To Follow The Market?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Should You Investigate Liberty TripAdvisor Holdings Inc (NASDAQ:LTRP.A) At US$16.28?

Liberty TripAdvisor Holdings Inc (NASDAQ:LTRP.A), which is in the interactive media and services business, and is based in United States,. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s examine Liberty TripAdvisor Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Liberty TripAdvisor Holdings Inc (NASDAQ:LTRP.A): Time For A Financial Health Check

Liberty TripAdvisor Holdings Inc (NASDAQ:LTRP.A) is a small-cap stock with a market capitalization of US$926m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

What Kind Of Risk Should You Expect For Liberty TripAdvisor Holdings Inc (NASDAQ:LTRP.A)?

Broadly speaking, there are two types of risk you should consider when investing in stocks such as LTRP.A. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.

Simply Wall St -

Company Info

Description

Liberty TripAdvisor Holdings, Inc., through its subsidiaries, operates as an online travel company that connects travelers with travel partners. The company operates in two segments, Hotels, Media & Platform, and Experiences & Dining. Its travel platform provides content, price comparison tools, and online reservation and related services for destinations, accommodations, travel activities and experiences, and restaurants. The company owns and operates a portfolio of travel media brands and businesses, which offers travel-planning and trip-taking resources in the travel industry; and provides click-based, display-based, and subscription-based advertising services. It also operates Viator, a Website that offers research, book, and experience activities and attractions in travel destinations; and TheFork, an online restaurant booking platform operating various sites. Liberty TripAdvisor Holdings, Inc. was incorporated in 2013 and is headquartered in Englewood, Colorado.

Details
Name: Liberty TripAdvisor Holdings, Inc.
LTRP.A
Exchange: NasdaqGS
Founded: 2013
$113,932,126
75,084,104
Website: http://www.libertytripadvisorholdings.com
Address: Liberty TripAdvisor Holdings, Inc.
12300 Liberty Boulevard,
Englewood,
Colorado, 80112,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LTRP.A Series A Common Stock Nasdaq Global Select US USD 28. Aug 2014
DB LT0A Series A Common Stock Deutsche Boerse AG DE EUR 28. Aug 2014
NasdaqGS LTRP.B Series B Common Stock Nasdaq Global Select US USD 28. Aug 2014
Number of employees
Current staff
Staff numbers
4,194
Liberty TripAdvisor Holdings employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 03:56
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/29
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.