WallStSmart

Booking Holdings Inc (BKNG)vsLindblad Expeditions Holdings Inc (LIND)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Booking Holdings Inc generates 3300% more annual revenue ($28.24B vs $830.61M). BKNG leads profitability with a 25.5% profit margin vs -2.1%. BKNG earns a higher WallStSmart Score of 76/100 (B+).

BKNG

Strong Buy

76

out of 100

Grade: B+

Growth: 8.0Profit: 10.0Value: 6.7Quality: 7.5
Piotroski: 4/9Altman Z: 4.05

LIND

Hold

39

out of 100

Grade: F

Growth: 9.3Profit: 4.0Value: 6.0Quality: 5.0
Piotroski: 4/9Altman Z: 0.16
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BKNGUndervalued (+7.8%)

Margin of Safety

+7.8%

Fair Value

$188.59

Current Price

$173.92

$14.67 discount

UndervaluedFair: $188.59Overvalued
LINDUndervalued (+22.4%)

Margin of Safety

+22.4%

Fair Value

$25.87

Current Price

$25.67

$0.20 discount

UndervaluedFair: $25.87Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BKNG6 strengths · Avg: 9.8/10
Return on EquityProfitability
225.7%10/10

Every $100 of equity generates 226 in profit

Operating MarginProfitability
34.4%10/10

Strong operational efficiency at 34.4%

EPS GrowthGrowth
130.0%10/10

Earnings expanding 130.0% YoY

Debt/EquityHealth
-1.9210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.0510/10

Safe zone — low bankruptcy risk

Market CapQuality
$130.68B9/10

Large-cap with strong market position

LIND3 strengths · Avg: 9.3/10
EPS GrowthGrowth
400.4%10/10

Earnings expanding 400.4% YoY

Debt/EquityHealth
-3.4010/10

Conservative balance sheet, low leverage

Revenue GrowthGrowth
18.6%8/10

18.6% revenue growth

Areas to Watch

BKNG0 concerns · Avg: 0/10

No major concerns identified

LIND4 concerns · Avg: 2.0/10
Market CapQuality
$1.71B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-1947.0%2/10

ROE of -1947.0% — below average capital efficiency

Altman Z-ScoreHealth
0.162/10

Distress zone — elevated risk

Profit MarginProfitability
-2.1%1/10

Currently unprofitable

Comparative Analysis Report

WallStSmart Research

Bull Case : BKNG

The strongest argument for BKNG centers on Return on Equity, Operating Margin, EPS Growth. Profitability is solid with margins at 25.5% and operating margin at 34.4%. PEG of 0.64 suggests the stock is reasonably priced for its growth.

Bull Case : LIND

The strongest argument for LIND centers on EPS Growth, Debt/Equity, Revenue Growth. Revenue growth of 18.6% demonstrates continued momentum.

Bear Case : BKNG

No major red flags identified for BKNG, but monitor valuation.

Bear Case : LIND

The primary concerns for LIND are Market Cap, Return on Equity, Altman Z-Score.

Key Dynamics to Monitor

BKNG profiles as a mature stock while LIND is a growth play — different risk/reward profiles.

LIND carries more volatility with a beta of 2.22 — expect wider price swings.

LIND is growing revenue faster at 18.6% — sustainability is the question.

BKNG generates stronger free cash flow (3.6B), providing more financial flexibility.

Bottom Line

BKNG scores higher overall (76/100 vs 39/100), backed by strong 25.5% margins. LIND offers better value entry with a 22.4% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Booking Holdings Inc

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Booking Holdings Inc. is an American travel technology company organized in Delaware and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable.

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Lindblad Expeditions Holdings Inc

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Lindblad Expeditions Holdings, Inc. offers adventure travel experiences and expedition cruises. The company is headquartered in New York, New York.

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