Company Valuation: Baidu, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 481,512 328,986 272,598 295,199 215,753 348,100 348,100 -
Change - -31.68% -17.14% 8.29% -26.91% 61.34% 0% -
Enterprise Value (EV) 1 394,100 231,969 182,338 177,745 147,664 274,207 260,323 242,825
Change - -41.14% -21.4% -2.52% -16.92% 85.7% -5.06% -6.72%
P/E ratio 21.7x 33.7x 39.7x 15.3x 9.34x 55.3x 20.7x 17.2x
PBR 2.66x 1.54x 1.23x 1.22x 0.81x 1.23x 1.14x 1.06x
PEG - -0.6x -1.4x 0x 0.5x -0.8x 0x 0.8x
Capitalization / Revenue 4.5x 2.64x 2.2x 2.19x 1.62x 2.69x 2.58x 2.42x
EV / Revenue 3.68x 1.86x 1.47x 1.32x 1.11x 2.12x 1.93x 1.69x
EV / EBITDA 14.3x 9.31x 6.15x 4.96x 4.46x 12.4x 10.1x 7.82x
EV / EBIT 18.1x 22.1x 11.5x 8.13x 6.94x 212x 19.8x 14.9x
EV / FCF 20.6x 25.1x 10.2x 6.99x 11.3x 25.5x 13.3x 10.5x
FCF Yield 4.85% 3.98% 9.81% 14.3% 8.87% 3.92% 7.55% 9.55%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 64.98 28.07 19.85 55.08 65.91 18.3 48.86 58.94
Distribution rate - - - - - - - -
Net sales 1 107,074 124,493 123,675 134,598 133,125 129,200 134,995 143,961
EBITDA 1 27,503 24,914 29,663 35,823 33,078 22,124 25,789 31,045
EBIT 1 21,732 10,518 15,911 21,856 21,270 1,292 13,123 16,292
Net income 1 22,472 10,226 7,559 20,315 23,760 6,761 16,380 19,359
Net Debt 1 -87,412 -97,017 -90,260 -117,454 -68,089 -73,893 -87,778 -105,275
Reference price 2 1,411.74 945.20 788.90 844.46 615.39 1,012.59 1,012.59 1,012.59
Nbr of stocks (in thousands) 341,076 348,059 345,542 349,573 350,597 343,771 343,771 -
Announcement Date 2/17/21 3/1/22 2/22/23 2/28/24 2/18/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.33x2.12x12.39x-.--% 50.17B
28.32x8.27x17.66x0.27% 3,907B
18.48x2.65x11.4x0.53% 25.44B
16.66x1.7x7.01x1.72% 18.47B
14.75x0.48x3.31x2.86% 204M
Average 26.71x 3.05x 10.35x 1.07% 800.24B
Weighted average by Cap. 28.54x 8.13x 17.50x 0.27%
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