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Airbnb, Inc.'s (ABNB) Q3 results, released on Nov. 6, showed +9.7% YoY revenue growth and 11.5% free cash flow (FCF) growth. Moreover, its FCF margin was strong at over 38% on a trailing 12-month basis. That makes ABNB stock look undervalued by 15% to 20%.
ABNB is at $120.97 on Monday, Nov. 10, well off a recent peak of $129.07 on Oct. 27 and a prior peak of $130.53 on Aug. 29.