Baidu (WBAG:BIDU) - Share price, News & Analysis

BIDU fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

BIDU Stock Overview

Baidu, Inc. offers internet search services in China.

Rewards

Trading at 65.1% below our estimate of its fair value

Earnings are forecast to grow 17.3% per year

Risk Analysis

Highly volatile share price over the past 3 months

Profit margins (7.9%) are lower than last year (20.9%)

Baidu Competitors

Apple

NasdaqGS:AAPL

US$2.4t

Microsoft

NasdaqGS:MSFT

US$2.0t

Alphabet

NasdaqGS:GOOGL

US$1.5t

Amazon.com

NasdaqGS:AMZN

US$1.2t

Price History & Performance

Summary of all time highs, changes and price drops for Baidu
Historical stock prices
Current Share Price	US$115.40
52 Week High	US$173.80
52 Week Low	US$92.90
Beta	0.90
1 Month Change	-5.41%
3 Month Change	-23.58%
1 Year Change	-25.45%
3 Year Change	9.09%
5 Year Change	-32.17%
Change since IPO	-32.35%

Shareholder Returns

	BIDU	AT Interactive Media and Services	AT Market
7D	11.4%	0%	0%
1Y	-25.5%	0%	0%

Return vs Industry: BIDU exceeded the Austrian Interactive Media and Services industry which returned -36.6% over the past year.

Return vs Market: BIDU underperformed the Austrian Market which returned -3.1% over the past year.

Price Volatility

Is BIDU's price volatile compared to industry and market?
BIDU volatility
BIDU Average Weekly Movement	12.5%
Interactive Media and Services Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in AT Market	0%
10% least volatile stocks in AT Market	0%

Stable Share Price: BIDU is more volatile than 90% of Austrian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: BIDU's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Austrian stocks.

About the Company

Founded	Employees	CEO	Website
2000	45,500	Robin Li	https://www.baidu.com

Baidu, Inc. offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app.

Baidu Fundamentals Summary

How do Baidu's earnings and revenue compare to its market cap?
BIDU fundamental statistics
Market Cap	CN¥288.07b
Earnings (TTM)	CN¥9.88b
Revenue (TTM)	CN¥124.49b

29.2x

P/E Ratio

2.3x

P/S Ratio

Is BIDU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIDU income statement (TTM)
Revenue	CN¥124.49b
Cost of Revenue	CN¥64.15b
Gross Profit	CN¥60.35b
Other Expenses	CN¥50.47b
Earnings	CN¥9.88b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 26, 2022

Earnings per share (EPS)	28.58
Gross Margin	48.47%
Net Profit Margin	7.93%
Debt/Equity Ratio	37.1%

How did BIDU perform over the long term?

See historical performance and comparison

Valuation

Is Baidu undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BIDU (€115.4) is trading below our estimate of fair value (€330.61)

Significantly Below Fair Value: BIDU is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: BIDU is good value based on its PE Ratio (29.2x) compared to the European Interactive Media and Services industry average (30.6x).

PE vs Market: BIDU is poor value based on its PE Ratio (29.2x) compared to the Austrian market (12.8x).

Price to Earnings Growth Ratio

PEG Ratio: BIDU is poor value based on its PEG Ratio (1.7x)

Price to Book Ratio

PB vs Industry: BIDU is good value based on its PB Ratio (1.4x) compared to the XE Interactive Media and Services industry average (2.1x).

Future Growth

How is Baidu forecast to perform in the next 1 to 3 years based on estimates from 38 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

17.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BIDU's forecast earnings growth (17.3% per year) is above the savings rate (0.2%).

Earnings vs Market: BIDU's earnings (17.3% per year) are forecast to grow faster than the Austrian market (6.6% per year).

High Growth Earnings: BIDU's earnings are forecast to grow, but not significantly.

Revenue vs Market: BIDU's revenue (9.8% per year) is forecast to grow faster than the Austrian market (2.1% per year).

High Growth Revenue: BIDU's revenue (9.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BIDU's Return on Equity is forecast to be low in 3 years time (8.1%).

Past Performance

How has Baidu performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

7.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BIDU has high quality earnings.

Growing Profit Margin: BIDU's current net profit margins (7.9%) are lower than last year (20.9%).

Past Earnings Growth Analysis

Earnings Trend: BIDU's earnings have grown by 7.3% per year over the past 5 years.

Accelerating Growth: BIDU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BIDU had negative earnings growth (-55.9%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (36.5%).

Return on Equity

High ROE: BIDU's Return on Equity (3.4%) is considered low.

Financial Health

How is Baidu's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: BIDU's short term assets (CN¥213.3B) exceed its short term liabilities (CN¥74.5B).

Long Term Liabilities: BIDU's short term assets (CN¥213.3B) exceed its long term liabilities (CN¥81.6B).

Debt to Equity History and Analysis

Debt Level: BIDU has more cash than its total debt.

Reducing Debt: BIDU's debt to equity ratio has reduced from 45.4% to 37.1% over the past 5 years.

Debt Coverage: BIDU's debt is well covered by operating cash flow (24.2%).

Interest Coverage: BIDU earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Baidu current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BIDU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BIDU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BIDU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BIDU's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BIDU has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Media industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure

CEO

Robin Li (52 yo)

22.33yrs

Tenure

Mr. Yanhong Li, also known as Robin, Co-Founded Baidu, Inc. in January 2000 and has been its Chief Executive Officer since February 2004 and oversees its overall strategy and business operations. Mr. Li wa...

Leadership Team

Experienced Management: BIDU's management team is considered experienced (3.1 years average tenure).

Board Members

Experienced Board: BIDU's board of directors are considered experienced (6.6 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31