{"id":53467,"date":"2024-08-05T10:00:00","date_gmt":"2024-08-05T08:00:00","guid":{"rendered":"https:\/\/www.captrader.com\/?post_type=analyse&p=53467"},"modified":"2024-08-01T17:20:02","modified_gmt":"2024-08-01T15:20:02","slug":"airbnb-abnb-can-airbnb-benefit-from-the-em-and-the-olympics","status":"publish","type":"analyse","link":"https:\/\/www.captrader.com\/en\/analyse\/airbnb-abnb-kann-airbnb-von-der-em-und-den-olympischen-spielen-profitieren\/","title":{"rendered":"Airbnb (ABNB)- Can Airbnb benefit from the European Championships and the Olympic Games?"},"content":{"rendered":"

Airbnb is an American company that specializes in arranging private accommodation in various price categories. Unlike traditional travel platforms such as Booking.com, Airbnb focuses on renting out private accommodation, which makes the vacation a more personal experience. Hosts and guests often get to know each other personally and interact with each other.<\/p>\n

Airbnb targets the mass market by offering affordable accommodation with private individuals. Anyone can register as a host and rent out a free room in their home.<\/p>\n

Reactions to the quarterly figures in the past<\/strong><\/h2>\n

Airbnb went public in the coronavirus year 2020. Of the 14 quarterly reports that followed, none were missed. However, reactions to these reports were mixed. In the first week after the figures were published, the share fell by a median of 2.63 % and one month later by as much as 5.92 %. Given the limited data available and the uncertainties in the tourism industry in recent years, including the COVID-19 pandemic and the conflict in Ukraine, these figures should not be overestimated. All data sourced from Tooggle AI.<\/p>\n

\"An<\/strong><\/p>\n

Review of the 1st quarter of 2024 <\/strong><\/p>\n

Airbnb had a strong start to 2024 with 133 million nights and experiences booked in the first quarter. Revenue increased by 18 % to USD 2.1 billion and net profit amounted to USD 264 million, representing the most profitable first quarter in the company's history.<\/p>\n

Airbnb benefits from events:<\/strong><\/h3>\n

In April 2024, over 500,000 guests booked stays via Airbnb during the total solar eclipse in North America, more than twice as many nights as the previous year along the direct path of the eclipse. For the 2024 Summer Olympics in Paris, the number of nights booked is already more than five times higher than at the same time last year. Germany is seeing a similar trend for the European Football Championships this summer, with almost double the number of nights booked compared to the same period last year. These events confirm how Airbnb is distributing travel and extending economic benefits to local neighborhoods without hotels.<\/p>\n

Fundamental data analysis <\/strong><\/h2>\n

Aus vergangenen Finanz- und Gesch\u00e4ftsdaten lassen sich in der Fundamentalanalyse R\u00fcckschl\u00fcsse auf die aktuelle Lage eines Unternehmens ziehen. Hierbei sind Faktoren wie Verschuldung, Gewinn und Cashflow von gro\u00dfer Bedeutung. Um diese Kennzahlen angemessen zu interpretieren, ist es entscheidend, sie in Relation zu einem Vergleichsuniversum zu setzen. Auf diese Weise l\u00e4sst sich beurteilen, ob das Unternehmen im Vergleich zu anderen in seiner Branche eine eher starke oder schwache Position einnimmt.<\/p>\n

Fundamental analysis: Airbnb's strengths and weaknesses<\/strong><\/h3>\n

The tourism industry often has a bad reputation among long-term investors, as companies in this sector typically have high investment costs and low margins. Airbnb, however, avoids some of these problems. As Airbnb does not own any accommodation, but merely provides the platform, there are no high investment costs. This is reflected, among other things, in the low share of fixed assets in total assets, which amounted to just 20 % in 2023. As a result, the company does not have to take on a lot of debt; the debt ratio was a healthy % 60 in 2023. In 2022, the debt ratio was 5 % higher at 65 %, which indicates that the company intends to further reduce its debt.<\/p>\n

The platform business in the tourism industry is nothing new, and the best-known companies in this area are Booking Holdings (BKNG) and Expedia Group (EXPE). The valuation of these companies tends to be somewhat higher than that of traditional tourism companies. Booking Holdings (BKNG), for example, is valued at a P\/E ratio of 28, while Expedia Group (EXPE) has a P\/E ratio of 24. In comparison, Airbnb has a P\/E ratio of 19. However, the P\/E ratio shows a slightly different picture: Airbnb has a higher P\/E ratio of 9, while Expedia is valued at 1.43 and Booking at 6, which is significantly lower.<\/p>\n

The profitability figures show a positive picture for Airbnb: the return on sales is 15 % and the return on assets is 20 % in the last 12 months. These figures indicate that Airbnb's platform business is working and that the company can operate efficiently. Airbnb does not currently pay dividends, which is not a concern for now as long as the company continues to grow and reinvest profits. However, the stock is currently less attractive for dividend investors. All data sourced from Morningstar or Yahoo Finance.<\/p>\n

Chart analysis: Back to the high or back to the low? <\/strong><\/h2>\n

The share has recovered impressively since its low in 2023 and more than doubled at its peak. However, we are currently experiencing another correction. The share price has fallen by around 18 % since March. We are now at a crucial point. If we do not fall below the 61.8 % Fibonacci level and the 50-day line does not break through the 200-day line from top to bottom, this could mean the end of the correction. If these two scenarios do materialize, the price could fall one level lower. The chart and indicators are taken from Stock3.<\/p>\n

\"An<\/p>\n

Conclusion:<\/h2>\n

Airbnb's profitability surprises positively compared to the industry, which is a promising signal for potential investors. The current valuation of the company seems fair, assuming that the impressive growth can be maintained. However, a potential risk lies in the business model, especially in view of the growing competition from companies such as Booking Holdings, which now also offers private accommodation. Currently, Airbnb remains the undisputed number one in the private accommodation rental sector. As long as the company can expand its business, possibly even with additional offerings such as flights or car rentals, and as long as the share price remains above the resistance zone, I continue to see strong growth potential. I therefore rate Airbnb as a \"Buy\".<\/p>","protected":false},"excerpt":{"rendered":"

Airbnb ist ein US-amerikanisches Unternehmen, das sich auf die Vermittlung von privaten Unterk\u00fcnften in verschiedenen Preisklassen spezialisiert hat. Anders als klassische Reiseplattformen wie Booking.com konzentriert sich Airbnb auf die Vermietung von Privatunterk\u00fcnften, was den Urlaub zu einer pers\u00f6nlicheren Erfahrung macht. Gastgeber und G\u00e4ste lernen sich oft pers\u00f6nlich kennen und interagieren miteinander. Airbnb zielt auf den […]<\/p>\n","protected":false},"author":40,"featured_media":0,"template":"","analysen-kategorie":[1237,876],"class_list":["post-53467","analyse","type-analyse","status-publish","hentry","analysen-kategorie-airbnb","analysen-kategorie-aktien"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse\/53467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/analyse"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/40"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=53467"}],"wp:term":[{"taxonomy":"analysen-kategorie","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analysen-kategorie?post=53467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}