Financials Alibaba Group Holding Limited

Equities

BABA

US01609W1027

Internet Services

Market Closed - Nyse 21:00:01 24/05/2024 BST After market 00:59:52
81.26 USD +0.57% Intraday chart for Alibaba Group Holding Limited 81.75 +0.60%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 3,695,673 4,027,830 1,854,401 1,800,338 1,310,704 1,423,125 - -
Enterprise Value (EV) 1 3,490,600 3,845,890 1,805,847 1,768,606 1,233,355 1,163,615 989,794 1,000,988
P/E ratio 24.6 x 27.2 x 30.3 x 25.6 x 16.7 x 14 x 12 x 10.5 x
Yield - - - - 2.3% 1.09% 1.3% 1.54%
Capitalization / Revenue 7.25 x 5.62 x 2.17 x 2.07 x 1.39 x 1.4 x 1.29 x 1.2 x
EV / Revenue 6.85 x 5.36 x 2.12 x 2.04 x 1.31 x 1.15 x 0.9 x 0.85 x
EV / EBITDA 22.1 x 19.5 x 11.4 x 10.1 x 6.43 x 6.14 x 4.65 x 4.42 x
EV / FCF 24.4 x 20 x 18.3 x 10.3 x 7.9 x 7.49 x 5.07 x 5.24 x
FCF Yield 4.1% 5% 5.48% 9.71% 12.7% 13.4% 19.7% 19.1%
Price to Book 4.79 x 4.35 x 1.98 x 1.87 x 1.35 x 1.35 x 1.21 x 1.1 x
Nbr of stocks (in thousands) 2,683,752 2,711,119 2,687,500 2,565,752 2,506,837 2,418,186 - -
Reference price 2 1,377 1,486 690.0 701.7 522.9 588.5 588.5 588.5
Announcement Date 22/05/20 13/05/21 26/05/22 18/05/23 14/05/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 509,711 717,289 853,062 868,687 941,168 1,015,408 1,100,677 1,181,053
EBITDA 1 157,659 196,842 158,205 175,710 191,668 189,501 212,957 226,723
EBIT 1 91,430 89,678 69,638 100,351 113,350 129,917 148,801 159,324
Operating Margin 17.94% 12.5% 8.16% 11.55% 12.04% 12.79% 13.52% 13.49%
Earnings before Tax (EBT) 1 166,645 165,578 59,550 89,185 101,596 124,317 143,760 152,216
Net income 1 149,263 150,308 61,959 72,509 79,741 107,023 123,204 138,358
Net margin 29.28% 20.96% 7.26% 8.35% 8.47% 10.54% 11.19% 11.71%
EPS 2 55.93 54.70 22.74 27.46 31.24 41.90 49.18 56.10
Free Cash Flow 1 143,109 192,263 98,874 171,663 156,210 155,459 195,376 190,878
FCF margin 28.08% 26.8% 11.59% 19.76% 16.6% 15.31% 17.75% 16.16%
FCF Conversion (EBITDA) 90.77% 97.67% 62.5% 97.7% 81.5% 82.04% 91.74% 84.19%
FCF Conversion (Net income) 95.88% 127.91% 159.58% 236.75% 195.9% 145.26% 158.58% 137.96%
Dividend per Share 2 - - - - 12.02 6.405 7.647 9.040
Announcement Date 22/05/20 13/05/21 26/05/22 18/05/23 14/05/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 242,580 204,052 205,555 207,176 247,756 208,200 455,956 234,156 224,790 260,348 221,874 246,989 241,773 280,313 246,206 270,576
EBITDA 1 51,364 23,373 41,114 43,311 59,162 32,123 - 52,052 49,237 59,572 30,807 47,411 45,718 57,891 41,336 53,686
EBIT 1 7,068 16,717 24,943 25,137 35,031 15,240 50,271 42,490 33,584 22,511 14,765 32,877 31,357 40,500 24,696 35,258
Operating Margin 2.91% 8.19% 12.13% 12.13% 14.14% 7.32% 11.03% 18.15% 14.94% 8.65% 6.65% 13.31% 12.97% 14.45% 10.03% 13.03%
Earnings before Tax (EBT) 1 29,326 -19,560 29,177 -15,759 50,459 25,308 - 36,172 38,257 17,318 9,849 32,774 31,155 42,855 23,356 -
Net income 1 20,429 -16,241 22,739 -20,561 46,815 23,516 - 34,332 27,706 14,433 3,270 26,422 23,731 33,347 19,453 -
Net margin 8.42% -7.96% 11.06% -9.92% 18.9% 11.29% - 14.66% 12.33% 5.54% 1.47% 10.7% 9.82% 11.9% 7.9% -
EPS 2 7.510 -6.070 8.510 -7.770 17.91 9.000 - 13.30 10.77 5.650 1.300 12.09 11.19 13.36 6.441 -
Dividend per Share 2 - - - - - - - - - - - - - 3.616 3.775 -
Announcement Date 24/02/22 26/05/22 04/08/22 17/11/22 23/02/23 18/05/23 18/05/23 10/08/23 16/11/23 07/02/24 14/05/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 205,073 181,940 48,554 31,732 77,349 259,510 433,331 422,137
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 143,109 192,263 98,874 171,663 156,210 155,459 195,376 190,878
ROE (net income / shareholders' equity) 23.9% 17.8% 15.2% 7.48% 16% 10.2% 10.9% 10.5%
ROA (Net income/ Total Assets) 13.1% 10% 8.48% 4.21% 9% 5.56% 6.05% 6.14%
Assets 1 1,139,064 1,501,601 730,861 1,724,311 885,716 1,924,559 2,036,655 2,255,066
Book Value Per Share 2 288.0 341.0 348.0 375.0 386.0 437.0 486.0 533.0
Cash Flow per Share 2 67.70 84.40 52.40 75.60 71.50 67.70 73.30 84.50
Capex 1 37,498 39,523 42,028 30,373 27,579 40,077 43,471 45,124
Capex / Sales 7.36% 5.51% 4.93% 3.5% 2.93% 3.95% 3.95% 3.82%
Announcement Date 22/05/20 13/05/21 26/05/22 18/05/23 14/05/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
44
Last Close Price
588.5 CNY
Average target price
767 CNY
Spread / Average Target
+30.34%
Consensus
  1. Stock Market
  2. Equities
  3. BABA Stock
  4. Financials Alibaba Group Holding Limited