Company Valuation: Bilibili Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 194,436 113,295 64,348 35,564 54,935 88,730 88,730 -
Change - -41.73% -43.2% -44.73% 54.47% 61.52% 0% -
Enterprise Value (EV) 1 190,122 102,095 60,088 27,930 43,176 77,265 73,556 68,827
Change - -46.3% -41.14% -53.52% 54.59% 78.95% -4.8% -6.43%
P/E ratio -64.3x -16.5x -8.6x -7.39x -40.9x 80.5x 42.5x 27.8x
PBR 25.3x 5.16x 4.23x 2.48x 3.9x 5.65x 4.74x 3.87x
PEG - -0x -1.37x 0.2x 0.6x -0x 0.5x 0.5x
Capitalization / Revenue 16.2x 5.84x 2.94x 1.58x 2.05x 2.94x 2.68x 2.46x
EV / Revenue 15.8x 5.27x 2.74x 1.24x 1.61x 2.56x 2.22x 1.91x
EV / EBITDA -134x -25.6x -12x -12x 37x 22.2x 15.5x 12.3x
EV / EBIT -60.5x -15.9x -7.19x -5.52x -32.1x 69.4x 34.3x 20.6x
EV / FCF -128x -16.1x -9.04x -26.3x 10.1x 32.2x 16.2x 12.9x
FCF Yield -0.78% -6.2% -11.1% -3.81% 9.87% 3.11% 6.17% 7.74%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -8.71 -17.87 -18.99 -11.67 -3.23 2.658 5.031 7.687
Distribution rate - - - - - - - -
Net sales 1 11,999 19,384 21,899 22,528 26,832 30,191 33,064 36,071
EBITDA 1 -1,419 -3,987 -5,021 -2,334 1,168 3,487 4,758 5,583
EBIT 1 -3,141 -6,429 -8,358 -5,064 -1,344 1,113 2,147 3,340
Net income 1 -3,012 -6,789 -7,497 -4,822 -1,347 1,154 2,033 3,168
Net Debt 1 -4,314 -11,200 -4,259 -7,633 -11,758 -11,465 -15,173 -19,903
Reference price 2 559.63 294.76 163.39 86.30 132.19 213.95 213.95 213.95
Nbr of stocks (in thousands) 347,436 384,362 393,819 412,113 415,586 414,718 414,718 -
Announcement Date 24/02/21 03/03/22 02/03/23 07/03/24 20/02/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
80.16x2.55x22.04x-.--% 12.76B
20.71x5.84x13.36x0.97% 653B
26.1x6.82x20.48x-.--% 344B
13.76x2.98x17.9x-.--% 154B
11.81x15.22x150.31x0.33% 128B
47.49x3.83x29.31x-.--% 85.49B
82.94x5.7x28.3x-.--% 80.27B
29.38x5.19x14.77x-.--% 73.56B
9.68x38.38x8.18x-.--% 51.03B
10x4.79x52.67x0.41% 46.11B
Average 33.20x 9.13x 35.73x 0.17% 162.77B
Weighted average by Cap. 25.17x 7.34x 28.75x 0.43%

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. Equities
  3. BILI Stock
  4. Valuation Bilibili Inc.