Company Valuation: Baidu, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 481,512 328,986 272,598 295,199 215,753 305,407 - -
Change - -31.68% -17.14% 8.29% -26.91% 41.55% - -
Enterprise Value (EV) 1 394,100 231,969 182,338 177,745 147,664 227,758 212,741 194,987
Change - -41.14% -21.4% -2.52% -16.92% 54.24% -6.59% -8.35%
P/E ratio 21.7x 33.7x 39.7x 15.3x 9.34x 50x 18.3x 14.9x
PBR 2.66x 1.54x 1.23x 1.22x 0.81x 1.07x 1x 0.93x
PEG - -0.6x -1.4x 0x 0.5x -0.7x 0x 0.7x
Capitalization / Revenue 4.5x 2.64x 2.2x 2.19x 1.62x 2.36x 2.25x 2.1x
EV / Revenue 3.68x 1.86x 1.47x 1.32x 1.11x 1.76x 1.56x 1.34x
EV / EBITDA 14.3x 9.31x 6.15x 4.96x 4.46x 10.3x 8.05x 6.22x
EV / EBIT 18.1x 22.1x 11.5x 8.13x 6.94x 100x 15.9x 11.5x
EV / FCF 20.6x 25.1x 10.2x 6.99x 11.3x 9.76x 8.01x 6.59x
FCF Yield 4.85% 3.98% 9.81% 14.3% 8.87% 10.2% 12.5% 15.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 64.98 28.07 19.85 55.08 65.91 17.76 48.48 59.46
Distribution rate - - - - - - - -
Net sales 1 107,074 124,493 123,675 134,598 133,125 129,409 135,968 145,509
EBITDA 1 27,503 24,914 29,663 35,823 33,078 22,020 26,420 31,349
EBIT 1 21,732 10,518 15,911 21,856 21,270 2,273 13,379 16,958
Net income 1 22,472 10,226 7,559 20,315 23,760 6,689 16,533 19,677
Net Debt 1 -87,412 -97,017 -90,260 -117,454 -68,089 -77,649 -92,666 -110,421
Reference price 2 1,411.74 945.20 788.90 844.46 615.39 888.40 888.40 888.40
Nbr of stocks (in thousands) 341,076 348,059 345,542 349,573 350,597 343,771 - -
Announcement Date 17/02/21 01/03/22 22/02/23 28/02/24 18/02/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
50.02x1.76x10.34x-.--% 43.2B
30.45x9.5x21.48x0.26% 3,881B
18.56x2.72x11.42x0.53% 25.32B
15.78x1.42x5.84x1.68% 18.37B
12.03x0.39x2.81x3.65% 158M
Average 25.37x 3.16x 10.38x 1.22% 793.65B
Weighted average by Cap. 30.51x 9.34x 21.22x 0.26%
See all sector valuations

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