FormReviewers:

EXECUTIVE COMMITTEE VOTE AND ORDER TICKET BUY HOLD SELL PRICE QUANTITY BOARD MEMBER NAME SIGNATURE DATE1. 2. 3. 4. 5.

Dataprovidedby

Form S-1Financial Navigator Student Managed Investment Fund at SJSU

STANDARDIZED STOCK ANALYSIS FORMANALYST: Shane Nath & Justin Yup

DATE: 09/17/2015TICKER: EXPE

COMPANY NAME: Expedia Inc.MARKET PRICE: $115.94 TARGET PRICE: $140.17

Spartan Analyst Recommendation: BUYSpartan Analyst Valuation (DCF): $ 140.17Company Detail: Expedia, Inc., together with its subsidiaries, operates as an online travel company in the United States and internationally. The company operates in two segments, Leisure and Egencia. It provides travel products and services to leisure and corporate travelers, offline retail travel agents, and travel service providers through a portfolio of brands. Major Competitors: TripAdvisor (TRIP)Industry: Consumer DiscretionaryCredit Rating: Market Cap: 14.97 billionP/E= 32.56Competitors P/E: 42.26EPS= 3.56Div= 0.66 Div Yield= 0.57%Beta: 1.14Future Growth Potential: g=ROE*PBR = 26.68% *88.36% = 23.57%Top Institutional Investors: Liberty Media Corp, Capital Group Company, Vanguard Group, JP Morgan

5 YearsPast Price Performance

Ratio Analysis Across Years and Competitors

ROEProfit

MarginAsset

Turnover LeverageNI/

EquityNI/

RevenueRevenue

/Assets

Assets/

EquityEXPE TRIP EXPE TRIP EXPE TRIP EXPE TRIP

2015 26.68% 19.08% 7.74% 14.64% .62x .72x 5.56x 1.812014 22.72% 18.14% 7.73% 18.14% .69x .73x 4.26x 1.732013 13.18% 21.77% 6.13% 21.77% .64x .68x 3.36x 1.74

Wall Street Analyst EPS Forecast

2015 2016 2017

EXPE TRIP EXPE TRIP EXPE TRIPEPS 4.12 1.75 5.64 2.23 7.62 2.82