Company Valuation: Baidu, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 328,986 272,598 295,199 215,753 314,132 193,177 - -
Change - -17.14% 8.29% -26.91% 45.6% -38.5% - -
Enterprise Value (EV) 1 231,969 182,338 177,745 147,664 288,152 173,465 170,498 146,180
Change - -21.4% -2.52% -16.92% 95.14% -39.8% -1.71% -14.26%
P/E 33.7x 39.7x 15.3x 9.34x 77.6x 15.9x 12.8x 11.1x
PBR 1.54x 1.23x 1.22x 0.81x 1.17x 0.67x 0.63x 0.6x
PEG - -1.4x 0x 0.5x -0.9x 0x 0.5x 0.7x
Capitalization / Revenue 2.64x 2.2x 2.19x 1.62x 2.43x 1.52x 1.43x 1.3x
EV / Revenue 1.86x 1.47x 1.32x 1.11x 2.23x 1.36x 1.26x 0.98x
EV / EBITDA 9.31x 6.15x 4.96x 4.46x 12.6x 7.22x 6.32x 4.76x
EV / EBIT 22.1x 11.5x 8.13x 6.94x -49.5x 16.2x 14x 10.1x
EV / FCF 25.1x 10.2x 6.99x 11.3x -19.1x -13.8x 15x 6.57x
FCF Yield 3.98% 9.81% 14.3% 8.87% -5.24% -7.24% 6.68% 15.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 28.07 19.85 55.08 65.91 11.78 35.6 44.18 51.11
Distribution rate - - - - - - - -
Net sales 1 124,493 123,675 134,598 133,125 129,079 127,126 135,205 149,007
EBITDA 1 24,914 29,663 35,823 33,078 22,857 24,010 26,996 30,687
EBIT 1 10,518 15,911 21,856 21,270 -5,823 10,716 12,194 14,466
Net income 1 10,226 7,559 20,315 23,760 5,589 12,017 14,225 16,342
Net Debt 1 -97,017 -90,260 -117,454 -68,089 -25,980 -19,712 -22,679 -46,997
Reference price 2 945.20 788.90 844.46 615.39 913.89 565.35 565.35 565.35
Nbr of stocks (in thousands) 348,059 345,542 349,573 350,597 343,731 341,695 - -
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.($)
15.88x1.36x7.22x-.--% 28.81B
16.65x8.13x17.36x0.25% 4,184B
23.36x7.38x12.98x0.29% 1,855B
28.25x13.25x20.94x0.64% 484B
14.53x3.88x8.97x1.4% 483B
18.71x5.55x16.66x-.--% 279B
20.59x1.49x10.26x1.03% 263B
94.21x12.39x66.51x-.--% 195B
21.41x2.45x12.44x-.--% 139B
3.08x86.09x2.34x0.13% 114B
Average 25.67x 14.20x 17.57x 0.38% 802.37B
Weighted average by Cap. 20.74x 8.78x 16.66x 0.36%

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.