Company Valuation: Baidu, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,28,986 2,72,598 2,95,199 2,15,753 3,14,168 2,41,224 - -
Change - -17.14% 8.29% -26.91% 45.61% -23.22% - -
Enterprise Value (EV) 1 2,31,969 1,82,338 1,77,745 1,47,664 2,88,188 2,10,334 2,01,870 1,90,239
Change - -21.4% -2.52% -16.92% 95.16% -27.01% -4.02% -5.76%
P/E 33.7x 39.7x 15.3x 9.34x 77.6x 15x 13x 10.8x
PBR 1.54x 1.23x 1.22x 0.81x 1.17x 0.83x 0.77x 0.72x
PEG - -1.4x 0x 0.5x -0.9x 0x 0.8x 0.5x
Capitalization / Revenue 2.64x 2.2x 2.19x 1.62x 2.43x 1.82x 1.69x 1.53x
EV / Revenue 1.86x 1.47x 1.32x 1.11x 2.23x 1.58x 1.42x 1.21x
EV / EBITDA 9.31x 6.15x 4.96x 4.46x 12.6x 8.41x 7.2x 5.76x
EV / EBIT 22.1x 11.5x 8.13x 6.94x -49.5x 16.4x 13.3x 10.5x
EV / FCF 25.1x 10.2x 6.99x 11.3x -19.1x 23.9x 15.1x 8.13x
FCF Yield 3.98% 9.81% 14.3% 8.87% -5.23% 4.18% 6.63% 12.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 28.07 19.85 55.08 65.91 11.78 47.29 54.57 65.54
Distribution rate - - - - - - - -
Net sales 1 1,24,493 1,23,675 1,34,598 1,33,125 1,29,079 1,32,824 1,42,564 1,57,440
EBITDA 1 24,914 29,663 35,823 33,078 22,857 25,002 28,026 33,013
EBIT 1 10,518 15,911 21,856 21,270 -5,823 12,864 15,201 18,134
Net income 1 10,226 7,559 20,315 23,760 5,589 15,603 18,179 20,926
Net Debt 1 -97,017 -90,260 -1,17,454 -68,089 -25,980 -30,890 -39,355 -50,986
Reference price 2 945.20 788.90 844.46 615.39 913.89 708.96 708.96 708.96
Nbr of stocks (in thousands) 3,48,059 3,45,542 3,49,573 3,50,597 3,43,771 3,40,253 - -
Announcement Date 01/03/22 22/02/23 28/02/24 18/02/25 26/02/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.99x1.58x8.41x-.--% 3.55TCr
23.73x8.29x17.82x0.26% 4,10200Cr
15.9x1.81x7.64x1.31% 1.92TCr
15.49x1.88x7.4x2.63% 1.74TCr
6.8x0.24x1.58x3.97% 17Cr
Average 15.38x 2.76x 8.57x 1.63% 83.49TCr
Weighted average by Cap. 23.58x 8.18x 17.64x 0.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. BIDU Stock
  4. Valuation Baidu, Inc.