trivago N.V. (TRVG) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-803.2%

-$25.59

vs $3.64 price

Levered DCF

$18.59

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.1

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	16.13×	-6.01×	-0.92×	-3.41×	63.06×	-2.87×	46.73×	-82.79×
P/B	0.82×	0.72×	0.7×	0.78×	0.97×	1.05×	0.92×	2.02×
P/S	0.32×	0.31×	0.31×	0.82×	1.87×	2.81×	0.98×	1.88×
EV / EBITDA	6.7×	-1.93×	-0.61×	-2.05×	14.58×	-2.41×	14.16×	-302.94×
Gross margin	97.3%	97.6%	97.5%	97.6%	96.8%	95.9%	98.9%	99.4%
Operating margin	0.3%	-7.0%	-32.3%	-22.5%	2.8%	-101.5%	4.5%	-2.0%
Net margin	2.0%	-5.1%	-33.9%	-23.8%	3.0%	-98.6%	2.0%	-2.3%
Current ratio	2.22×	3.83×	5.22×	7.12×	7.31×	7.51×	4.9×	4.37×
Debt / equity	0.17×	0.19×	0.19×	0.08×	0.07×	0.14×	0.11×	0.15×
Interest coverage	38.85×	-1,891.24×	-13,048.92×	-2,358.08×	25.84×	-935.74×	1,156.09×	-9.89×
Dividend yield	0.0%	0.0%	121.9%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	-112.1%	0.0%	0.0%	0.0%	0.0%	-0.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.3%	-12.0%	-76.5%	-22.6%	1.5%	-36.9%	1.9%	-2.4%
Return on invested capital	0.6%	-10.0%	-53.7%	-18.6%	0.6%	-30.5%	1.6%	-1.8%
Return on assets	3.1%	-7.9%	-50.6%	-18.4%	1.3%	-29.5%	1.5%	-1.9%
Free cash flow yield	1.9%	12.2%	16.1%	14.3%	4.3%	0.3%	8.1%	-1.7%
Earnings yield	6.5%	-16.6%	-108.7%	-29.1%	1.6%	-35.1%	2.1%	-1.2%
Enterprise value	$79.3M	$47.2M	$90.2M	$233.3M	$467.1M	$584.4M	$703.9M	$1.7B
Net debt / EBITDA	-7.99×	3.89×	0.41×	1.78×	-6.52×	0.48×	-2.38×	6.13×
Cash conversion cycle (days)	-782	-760	-509	-539	-402	-210	-1,297	-1,703