Yelp Inc.

Yelp Inc.

YELPยทNYSE

$22.02

-6.1%
Communication ServicesInternet Content & Information

Yelp Inc. operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services. It provides free and paid advertising products to businesses, which include cost-per-click search advertising and multi-location Ad products, as well as enables businesses to deliver targeted search advertising to local audiences; and business listing page products. The company also offers other services comprising Yelp Reservations that provide online reservations for restaurants, nightlife, and other venues directly from their Yelp business pages; Yelp Waitlist, a subscription-based waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as businesses to manage seating and server rotation; Yelp Knowledge program that offers business owners local analytics and insights through access to its historical data and other proprietary content; and Yelp Fusion, which offers free and paid access to content and data for consumer-facing enterprise use through publicly available APIs. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. Further, the company offers its products directly through its sales force; indirectly through partners; and online through its website, as well as non-advertising partner arrangements. It has strategic partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. Yelp Inc. was incorporated in 2004 and is headquartered in San Francisco, California.

At a Glance

Live Snapshot
Market Cap$1.21B
EPS2.3000
P/E Ratio9.57
Earnings Date08/06/2026
Yelp Inc.

Yelp Inc. Fair Value Envelope

YELP ยท NYSE

Our analysis suggests that YELP has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $22.02, this represents a potential HIDDEN relative to our calculated worth for Yelp Inc..

Intrinsic Value
Current Price: $22.02

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$50.8B
+ Cash & Equivalents$216.1M
Firm Value$51.0B
- Debt$42.3M
Equity Value$51.0B
/ Shares Outstanding63,060,655B
DCF Value$808
UNDERVALUED BY 3570%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$482.8M
$627.7M
$816.0M
$1.1B
$1.4B
$1.8B
$2.3B
$3.0B
$3.9B
$5.1B
Maintenance CapEx
-$12.6M
-$16.3M
-$21.2M
-$27.6M
-$35.9M
-$46.7M
-$60.7M
-$78.9M
-$102.6M
-$133.4M
Owner Earnings
$470.2M
$611.3M
$794.7M
$1.0B
$1.3B
$1.7B
$2.3B
$3.0B
$3.8B
$5.0B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$435.4M
$524.1M
$630.9M
$759.4M
$914.2M
$1.1B
$1.3B
$1.6B
$1.9B
$2.3B
Terminal Value represents 77.3% of Enterprise Value