Financials Baidu, Inc. BOERSE MUENCHEN

Equities

B1CB

KYG070341048

Internet Services

Real-time BOERSE MUENCHEN 15:13:32 2024-05-06 EDT 5-day change 1st Jan Change
13.21 EUR -0.93% Intraday chart for Baidu, Inc. +12.05% -0.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 304,905 481,246 328,960 272,598 295,465 287,797 - -
Enterprise Value (EV) 1 225,303 393,834 231,943 182,338 178,011 130,362 102,436 69,883
P/E ratio 157 x 21.7 x 33.7 x 39.7 x 15.3 x 13.3 x 12 x 10.8 x
Yield - - - - - - - -
Capitalization / Revenue 2.84 x 4.49 x 2.64 x 2.2 x 2.2 x 2.01 x 1.87 x 1.76 x
EV / Revenue 2.1 x 3.68 x 1.86 x 1.47 x 1.32 x 0.91 x 0.67 x 0.43 x
EV / EBITDA 12.2 x 14.3 x 9.31 x 6.15 x 4.97 x 3.59 x 2.62 x 1.66 x
EV / FCF 10.2 x 20.6 x 25.1 x 10.2 x 7 x 7.13 x 3.73 x 3.36 x
FCF Yield 9.78% 4.85% 3.98% 9.81% 14.3% 14% 26.8% 29.8%
Price to Book 1.86 x 2.66 x 1.54 x 1.23 x 1.22 x 1.05 x 0.96 x 0.86 x
Nbr of stocks (in thousands) 346,499 341,076 348,059 345,542 349,573 350,652 - -
Reference price 2 880.0 1,411 945.1 788.9 845.2 820.7 820.7 820.7
Announcement Date 20-02-27 21-02-17 22-03-01 23-02-22 24-02-28 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 107,413 107,074 124,493 123,675 134,598 143,106 154,012 163,742
EBITDA 1 18,416 27,503 24,914 29,663 35,823 36,293 39,143 42,015
EBIT 1 6,307 21,732 10,518 15,911 21,856 23,574 25,968 28,162
Operating Margin 5.87% 20.3% 8.45% 12.87% 16.24% 16.47% 16.86% 17.2%
Earnings before Tax (EBT) 1 -340 23,090 10,778 10,112 25,198 26,589 29,344 32,764
Net income 1 2,057 22,472 10,226 7,559 20,315 21,266 23,279 25,506
Net margin 1.92% 20.99% 8.21% 6.11% 15.09% 14.86% 15.12% 15.58%
EPS 2 5.600 64.98 28.07 19.85 55.08 61.89 68.25 75.68
Free Cash Flow 1 22,030 19,116 9,226 17,884 25,425 18,275 27,470 20,802
FCF margin 20.51% 17.85% 7.41% 14.46% 18.89% 12.77% 17.84% 12.7%
FCF Conversion (EBITDA) 119.62% 69.51% 37.03% 60.29% 70.97% 50.35% 70.18% 49.51%
FCF Conversion (Net income) 1,070.98% 85.07% 90.22% 236.59% 125.15% 85.94% 118% 81.56%
Dividend per Share 2 - - - - - - - -
Announcement Date 20-02-27 21-02-17 22-03-01 23-02-22 24-02-28 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 31,921 33,088 28,411 29,647 32,540 33,077 31,144 34,056 34,447 34,951 31,560 35,559 36,967 38,061 33,864
EBITDA 1 5,962 5,757 5,499 7,054 8,879 8,231 8,145 9,116 9,505 9,057 7,639 9,770 9,913 9,246 8,553
EBIT 1 2,308 1,958 2,601 3,400 5,317 4,593 4,980 5,210 6,274 5,392 4,653 5,886 6,518 6,080 4,892
Operating Margin 7.23% 5.92% 9.15% 11.47% 16.34% 13.89% 15.99% 15.3% 18.21% 15.43% 14.74% 16.55% 17.63% 15.97% 14.45%
Earnings before Tax (EBT) 1 -19,186 2,365 -360 3,551 547 6,374 7,575 6,579 8,179 2,865 5,449 6,756 7,430 7,360 -
Net income 1 -16,559 1,715 -885 3,637 -146 4,953 5,825 5,210 6,681 2,599 4,251 5,254 5,821 5,528 -
Net margin -51.87% 5.18% -3.11% 12.27% -0.45% 14.97% 18.7% 15.3% 19.4% 7.44% 13.47% 14.78% 15.75% 14.52% -
EPS 2 -48.18 4.510 -2.870 9.970 -0.8700 13.59 15.92 14.17 18.22 6.770 12.24 14.97 17.16 16.58 -
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 21-11-17 22-03-01 22-05-26 22-08-30 22-11-22 23-02-22 23-05-16 23-08-22 23-11-21 24-02-28 - - - - -
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 90,260 117,454 157,435 185,361 217,914
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 22,030 19,116 9,226 17,884 25,425 18,275 27,470 20,802
ROE (net income / shareholders' equity) 11.1% 12.7% 9.31% 3.48% 8.7% 7.98% 7.9% 7.64%
ROA (Net income/ Total Assets) 6.07% 6.95% 5.28% 1.96% 5.09% 5.51% 5.69% 5.42%
Assets 1 33,877 323,520 193,535 385,506 398,865 386,225 409,372 470,169
Book Value Per Share 2 472.0 530.0 613.0 639.0 694.0 779.0 859.0 951.0
Cash Flow per Share 2 81.60 70.30 57.20 75.00 103.0 91.40 104.0 114.0
Capex 1 6,428 5,084 10,896 8,286 11,190 9,526 9,760 10,781
Capex / Sales 5.98% 4.75% 8.75% 6.7% 8.31% 6.66% 6.34% 6.58%
Announcement Date 20-02-27 21-02-17 22-03-01 23-02-22 24-02-28 - - -
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
820.7 CNY
Average target price
1,113 CNY
Spread / Average Target
+35.66%
Consensus
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