Company Valuation: Baidu, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 328,986 272,598 295,199 215,753 314,132 173,058 - -
Change - -17.14% 8.29% -26.91% 45.6% -44.91% - -
Enterprise Value (EV) 1 231,969 182,338 177,745 147,664 288,152 156,620 158,268 144,507
Change - -21.4% -2.52% -16.92% 95.14% -45.65% 1.05% -8.69%
P/E 33.7x 39.7x 15.3x 9.34x 77.6x 16.2x 12.8x 11.2x
PBR 1.54x 1.23x 1.22x 0.81x 1.17x 0.62x 0.59x 0.56x
PEG - -1.4x 0x 0.5x -0.9x 0x 0.5x 0.8x
Capitalization / Revenue 2.64x 2.2x 2.19x 1.62x 2.43x 1.36x 1.28x 1.16x
EV / Revenue 1.86x 1.47x 1.32x 1.11x 2.23x 1.23x 1.17x 0.97x
EV / EBITDA 9.31x 6.15x 4.96x 4.46x 12.6x 6.65x 5.87x 4.54x
EV / EBIT 22.1x 11.5x 8.13x 6.94x -49.5x 16.1x 14.2x 11.2x
EV / FCF 25.1x 10.2x 6.99x 11.3x -19.1x -6.99x 31.2x 9.58x
FCF Yield 3.98% 9.81% 14.3% 8.87% -5.24% -14.3% 3.2% 10.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 28.07 19.85 55.08 65.91 11.78 32.45 40.9 46.98
Distribution rate - - - - - - - -
Net sales 1 124,493 123,675 134,598 133,125 129,079 127,313 135,489 149,413
EBITDA 1 24,914 29,663 35,823 33,078 22,857 23,562 26,971 31,817
EBIT 1 10,518 15,911 21,856 21,270 -5,823 9,732 11,166 12,917
Net income 1 10,226 7,559 20,315 23,760 5,589 11,168 13,469 15,490
Net Debt 1 -97,017 -90,260 -117,454 -68,089 -25,980 -16,438 -14,791 -28,552
Reference price 2 945.20 788.90 844.46 615.39 913.89 524.16 524.16 524.16
Nbr of stocks (in thousands) 348,059 345,542 349,573 350,597 343,731 330,166 - -
Announcement Date 3/1/22 2/22/23 2/28/24 2/18/25 2/26/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.77x7.65x16.35x0.27% 3,481B
21.04x6.15x11.02x0.35% 1,596B
31.2x14.6x23.09x0.57% 557B
13.35x3.55x8.22x1.52% 433B
17.3x5.12x15.33x-.--% 255B
19.06x1.39x9.39x1.08% 247B
103.94x13.8x74.12x-.--% 215B
20.56x2.34x11.91x-.--% 134B
40.91x4.73x31.2x-.--% 115B
Average 31.46x 6.59x 22.29x 0.42% 781.43B
Weighted average by Cap. 21.40x 7.33x 16.81x 0.39%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Baidu, Inc.

Historical PBR trend

Valuation ratios - PBR - Baidu, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Baidu, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Baidu, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Baidu, Inc.