Airbnb, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $4.86 billion TTM free cash flow base; 10% annual FCF growth years 1-5; 6% annual FCF growth years 6-10; 9.5% discount rate; 3% terminal growth; $9.57 billion net cash added to enterprise value; 589.59 million shares outstanding.

Reasoning: Airbnb is an asset-light, high-margin two-sided marketplace with a large net cash balance sheet and consensus forecasts of roughly 13% three-year revenue growth, so a multi-stage FCF DCF with a moderating growth path and net cash add-back captures both the durable cash generation and the growth optionality better than a simple multiple.