Financials Baidu, Inc. Deutsche Boerse AG

Equities

B1C

US0567521085

Internet Services

Market Closed - Deutsche Boerse AG 08:27:37 21/06/2024 pm IST 5-day change 1st Jan Change
82.7 EUR -0.36% Intraday chart for Baidu, Inc. -4.39% -22.13%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,04,905 4,81,246 3,28,960 2,72,598 2,95,465 2,25,555 - -
Enterprise Value (EV) 1 2,25,303 3,93,834 2,31,943 1,82,338 1,78,011 72,320 49,183 21,545
P/E ratio 157 x 21.7 x 33.7 x 39.7 x 15.3 x 9.87 x 9.3 x 8.6 x
Yield - - - - - - - -
Capitalization / Revenue 2.84 x 4.49 x 2.64 x 2.2 x 2.2 x 1.6 x 1.49 x 1.41 x
EV / Revenue 2.1 x 3.68 x 1.86 x 1.47 x 1.32 x 0.51 x 0.33 x 0.13 x
EV / EBITDA 12.2 x 14.3 x 9.31 x 6.15 x 4.97 x 2.02 x 1.28 x 0.53 x
EV / FCF 10.2 x 20.6 x 25.1 x 10.2 x 7 x 3.71 x 1.89 x 0.97 x
FCF Yield 9.78% 4.85% 3.98% 9.81% 14.3% 26.9% 53% 103%
Price to Book 1.86 x 2.66 x 1.54 x 1.23 x 1.22 x 0.82 x 0.74 x 0.67 x
Nbr of stocks (in thousands) 3,46,499 3,41,076 3,48,059 3,45,542 3,49,573 3,50,652 - -
Reference price 2 880.0 1,411 945.1 788.9 845.2 643.2 643.2 643.2
Announcement Date 27/02/20 17/02/21 01/03/22 22/02/23 28/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,07,413 1,07,074 1,24,493 1,23,675 1,34,598 1,40,624 1,50,917 1,60,038
EBITDA 1 18,416 27,503 24,914 29,663 35,823 35,852 38,354 40,768
EBIT 1 6,307 21,732 10,518 15,911 21,856 24,076 26,290 28,255
Operating Margin 5.87% 20.3% 8.45% 12.87% 16.24% 17.12% 17.42% 17.66%
Earnings before Tax (EBT) 1 -340 23,090 10,778 10,112 25,198 28,197 29,604 32,329
Net income 1 2,057 22,472 10,226 7,559 20,315 22,318 23,463 25,313
Net margin 1.92% 20.99% 8.21% 6.11% 15.09% 15.87% 15.55% 15.82%
EPS 2 5.600 64.98 28.07 19.85 55.08 65.15 69.19 74.83
Free Cash Flow 1 22,030 19,116 9,226 17,884 25,425 19,476 26,064 22,213
FCF margin 20.51% 17.85% 7.41% 14.46% 18.89% 13.85% 17.27% 13.88%
FCF Conversion (EBITDA) 119.62% 69.51% 37.03% 60.29% 70.97% 54.32% 67.96% 54.49%
FCF Conversion (Net income) 1,070.98% 85.07% 90.22% 236.59% 125.15% 87.26% 111.09% 87.75%
Dividend per Share 2 - - - - - - - -
Announcement Date 27/02/20 17/02/21 01/03/22 22/02/23 28/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 33,088 28,411 29,647 32,540 33,077 31,144 34,056 34,447 34,951 31,513 34,776 36,030 37,545 32,840 36,775
EBITDA 1 5,757 5,499 7,054 8,879 8,231 8,145 9,116 9,505 9,057 8,244 8,883 9,384 8,906 8,818 11,335
EBIT 1 1,958 2,601 3,400 5,317 4,593 4,980 5,210 6,274 5,392 5,484 6,125 6,786 6,281 4,972 6,262
Operating Margin 5.92% 9.15% 11.47% 16.34% 13.89% 15.99% 15.3% 18.21% 15.43% 17.4% 17.61% 18.83% 16.73% 15.14% 17.03%
Earnings before Tax (EBT) 1 2,365 -360 3,551 547 6,374 7,575 6,579 8,179 2,865 6,730 6,916 7,451 7,220 5,111 4,566
Net income 1 1,715 -885 3,637 -146 4,953 5,825 5,210 6,681 2,599 5,448 5,319 6,181 5,523 3,227 3,748
Net margin 5.18% -3.11% 12.27% -0.45% 14.97% 18.7% 15.3% 19.4% 7.44% 17.29% 15.3% 17.15% 14.71% 9.83% 10.19%
EPS 2 4.510 -2.870 9.970 -0.8700 13.59 15.92 14.17 18.22 6.770 14.91 15.58 17.59 16.56 15.04 16.40
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 01/03/22 26/05/22 30/08/22 22/11/22 22/02/23 16/05/23 22/08/23 21/11/23 28/02/24 16/05/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 79,602 87,412 97,017 90,260 1,17,454 1,53,235 1,76,372 2,04,010
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 22,030 19,116 9,226 17,884 25,425 19,476 26,064 22,213
ROE (net income / shareholders' equity) 11.1% 12.7% 9.31% 3.48% 8.7% 8.38% 7.93% 7.73%
ROA (Net income/ Total Assets) 6.07% 6.95% 5.28% 1.96% 5.09% 5.82% 5.92% 5.76%
Assets 1 33,877 3,23,520 1,93,535 3,85,506 3,98,865 3,83,445 3,96,054 4,39,700
Book Value Per Share 2 472.0 530.0 613.0 639.0 694.0 783.0 865.0 956.0
Cash Flow per Share 2 81.60 70.30 57.20 75.00 103.0 91.40 105.0 116.0
Capex 1 6,428 5,084 10,896 8,286 11,190 10,074 10,371 10,866
Capex / Sales 5.98% 4.75% 8.75% 6.7% 8.31% 7.16% 6.87% 6.79%
Announcement Date 27/02/20 17/02/21 01/03/22 22/02/23 28/02/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
36
Last Close Price
643.2 CNY
Average target price
1,068 CNY
Spread / Average Target
+66.04%
Consensus
1st Jan change Capi.
+28.59% 2,22300Cr
-20.91% 1.86TCr
-25.18% 1.84TCr
-.--% 684.65Cr
-14.16% 24Cr
+11.72% 11Cr
+0.91% 7.51Cr
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