Baidu
Baidu, Inc. provides Internet search services in China and internationally. The last earnings update was 6 days ago. More info.
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BIDU Share Price and Events
7 Day Returns
1 Year Returns
BIDU Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Baidu (BIDU) | 1.4% | -1.3% | 8.1% | -27.9% | -7.9% | 12.7% |
| US Interactive Media and Services | -1.7% | 4% | 17.7% | -0.8% | 52.3% | 98.6% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- BIDU underperformed the Interactive Media and Services industry which returned -0.8% over the past year.
- BIDU underperformed the Market in United States of America which returned 3% over the past year.
Value
Is Baidu undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Baidu
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Baidu.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 30 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Interactive Media and Services Unlevered Beta | Simply Wall St/ S&P Global | 1.03 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.031 (1 + (1- 25%) (16.31%)) |
1.105 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.11 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.105 * 5.96%) |
9.32% |
Discounted Cash Flow Calculation for NasdaqGS:BIDU using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Baidu is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 9.32%) |
|
|---|---|---|---|
| 2019 | 22,456.94 | Analyst x5 | 20,542.72 |
| 2020 | 26,132.61 | Analyst x8 | 21,867.41 |
| 2021 | 35,888.83 | Analyst x6 | 27,471.43 |
| 2022 | 42,033.92 | Est @ 17.12% | 29,432.63 |
| 2023 | 47,416.27 | Est @ 12.8% | 30,371.34 |
| 2024 | 52,054.70 | Est @ 9.78% | 30,500.27 |
| 2025 | 56,045.55 | Est @ 7.67% | 30,039.47 |
| 2026 | 59,512.33 | Est @ 6.19% | 29,178.66 |
| 2027 | 62,576.59 | Est @ 5.15% | 28,065.81 |
| 2028 | 65,344.53 | Est @ 4.42% | 26,809.10 |
| Present value of next 10 years cash flows | CN¥274,278.84 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥65,344.53 × (1 + 2.73%) ÷ (9.32% – 2.73%) |
CN¥1,018,910.27 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥1,018,910.27 ÷ (1 + 9.32%)10 |
CN¥418,031.43 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥274,278.84 + CN¥418,031.43 |
CN¥692,310.27 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥692,310.27 / 349.37 |
CN¥1981.62 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/USD
(Reporting currency to currency of NasdaqGS:BIDU) |
0.149 |
| Value per Share (USD) |
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥1981.62 x 0.149 |
$296 |
| Value per share (USD) | From above. | $296.00 |
| Current discount | Discount to share price of
$170.17
= -1 x ($170.17 - $296.00) / $296.00 |
42.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Baidu's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Baidu's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Baidu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Baidu's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥78.64 |
| NasdaqGS:BIDU Share Price ** | NasdaqGS (2019-03-20) in USD | $170.17 |
| NasdaqGS:BIDU Share Price converted to CNY reporting currency | Exchange rate (USD/ CNY) 6.695 | CN¥1139.22 |
| United States of America Interactive Media and Services Industry PE Ratio | Median Figure of 25 Publicly-Listed Interactive Media and Services Companies | 25.38x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Baidu.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:BIDU Share Price ÷ EPS (both in CNY) = 1139.22 ÷ 78.64 |
14.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Baidu is good value based on earnings compared to the US Interactive Media and Services industry average.
- Baidu is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Baidu's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.49x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts |
-1.3%per year |
| United States of America Interactive Media and Services Industry PEG Ratio | Median Figure of 24 Publicly-Listed Interactive Media and Services Companies | 1.6x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.49x ÷ -1.3% |
-11.38x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Baidu earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Baidu's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥466.29 |
| NasdaqGS:BIDU Share Price * | NasdaqGS (2019-03-20) in USD | $170.17 |
| NasdaqGS:BIDU Share Price converted to CNY reporting currency | Exchange rate (USD/ CNY) 6.695 | CN¥1139.22 |
| United States of America Interactive Media and Services Industry PB Ratio | Median Figure of 54 Publicly-Listed Interactive Media and Services Companies | 3.26x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:BIDU Share Price ÷ Book Value per Share (both in CNY) = 1139.22 ÷ 466.29 |
2.44x |
* Primary Listing of Baidu.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Baidu is good value based on assets compared to the US Interactive Media and Services industry average.
Value checks
We assess Baidu's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Interactive Media and Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Interactive Media and Services industry average (and greater than 0)? (1 check) Baidu has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Baidu expected to perform in the next 1 to 3 years based on estimates from 30 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Baidu's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Baidu's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Baidu's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:BIDU Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts | -1.3% |
| NasdaqGS:BIDU Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 30 Analysts | 14.2% |
| United States of America Interactive Media and Services Industry Earnings Growth Rate | Market Cap Weighted Average | 12.5% |
| United States of America Interactive Media and Services Industry Revenue Growth Rate | Market Cap Weighted Average | 14.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 30 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 160,810 | 46,300 | 27,872 | 14 |
| 2020-12-31 | 138,797 | 37,431 | 21,961 | 29 |
| 2019-12-31 | 119,603 | 33,674 | 16,083 | 30 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 103,877 | 35,967 | 27,443 |
| 2018-09-30 | 100,937 | 36,857 | 29,714 |
| 2018-06-30 | 96,595 | 36,355 | 25,733 |
| 2018-03-31 | 90,725 | 23,235 | |
| 2017-12-31 | 86,709 | 32,828 | 18,318 |
| 2017-09-30 | 80,666 | 17,540 | |
| 2017-06-30 | 74,850 | 12,227 | |
| 2017-03-31 | 71,619 | 22,031 | 10,986 |
| 2016-12-31 | 70,549 | 22,480 | 11,075 |
| 2016-09-30 | 71,036 | 31,952 | |
| 2016-06-30 | 71,166 | 31,624 | |
| 2016-03-31 | 69,478 | 21,863 | 32,752 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 30 Analyst Estimates (S&P Global) | See Below |
All data from Baidu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 77.17 | 89.17 | 62.24 | 7.00 |
| 2020-12-31 | 61.52 | 94.93 | 38.66 | 19.00 |
| 2019-12-31 | 45.37 | 64.12 | 33.56 | 21.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 78.64 |
| 2018-09-30 | 85.22 |
| 2018-06-30 | 73.90 |
| 2018-03-31 | 66.86 |
| 2017-12-31 | 52.75 |
| 2017-09-30 | 50.53 |
| 2017-06-30 | 35.23 |
| 2017-03-31 | 31.66 |
| 2016-12-31 | 31.95 |
| 2016-09-30 | 92.27 |
| 2016-06-30 | 91.21 |
| 2016-03-31 | 94.13 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Baidu's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Baidu has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Baidu performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Baidu's year on year earnings growth rate has been positive over the past 5 years.
- Baidu's 1-year earnings growth exceeds its 5-year average (49.8% vs 14.2%)
- Baidu's earnings growth has not exceeded the US Interactive Media and Services industry average in the past year (49.8% vs 52.6%).
Earnings and Revenue History
All data from Baidu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 103,877.00 | 27,443.00 | 19,231.00 | 15,772.00 |
| 2018-09-30 | 100,937.00 | 29,714.00 | 16,919.00 | 14,946.00 |
| 2018-06-30 | 96,595.00 | 25,733.00 | 15,024.00 | 14,272.00 |
| 2018-03-31 | 90,725.00 | 23,235.00 | 13,453.00 | 13,387.00 |
| 2017-12-31 | 86,709.00 | 18,318.00 | 13,128.00 | 12,928.00 |
| 2017-09-30 | 80,665.78 | 17,540.35 | 12,831.57 | 12,196.34 |
| 2017-06-30 | 74,849.78 | 12,227.35 | 12,681.57 | 11,568.34 |
| 2017-03-31 | 71,619.43 | 10,985.54 | 13,942.06 | 10,885.29 |
| 2016-12-31 | 70,549.00 | 11,075.00 | 15,071.00 | 10,151.00 |
| 2016-09-30 | 71,036.01 | 31,951.68 | 16,264.25 | 9,666.44 |
| 2016-06-30 | 71,166.10 | 31,624.35 | 18,370.11 | 9,742.41 |
| 2016-03-31 | 69,477.69 | 32,752.17 | 18,065.46 | 9,990.14 |
| 2015-12-31 | 66,382.00 | 33,335.00 | 17,076.00 | 10,176.00 |
| 2015-09-30 | 61,733.16 | 12,072.21 | 16,072.94 | 9,824.49 |
| 2015-06-30 | 56,869.84 | 13,097.39 | 13,071.09 | 8,966.11 |
| 2015-03-31 | 52,280.38 | 13,058.34 | 11,330.12 | 7,990.65 |
| 2014-12-31 | 49,052.32 | 13,144.25 | 10,382.14 | 6,980.96 |
| 2014-09-30 | 44,525.00 | 12,709.27 | 8,720.74 | 6,109.29 |
| 2014-06-30 | 39,896.91 | 11,897.54 | 7,405.13 | 5,368.25 |
| 2014-03-31 | 35,471.94 | 10,964.13 | 6,334.32 | 4,572.80 |
| 2013-12-31 | 31,943.92 | 10,518.86 | 5,173.53 | 4,106.83 |
| 2013-09-30 | 28,756.36 | 10,551.94 | 4,102.94 | 3,544.57 |
| 2013-06-30 | 26,115.42 | 10,504.91 | 3,361.33 | 3,068.56 |
| 2013-03-31 | 24,010.84 | 10,631.28 | 2,870.89 | 2,672.35 |
| 2012-12-31 | 22,306.03 | 10,433.89 | 2,501.34 | 2,304.83 |
| 2012-09-30 | 20,444.77 | 9,693.66 | 2,231.41 | 2,017.03 |
| 2012-06-30 | 18,369.52 | 8,567.59 | 2,048.84 | 1,785.20 |
| 2012-03-31 | 16,328.31 | 7,451.06 | 1,838.75 | 1,538.31 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Baidu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Baidu used its assets less efficiently than the US Interactive Media and Services industry average last year based on Return on Assets.
- Baidu's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Baidu's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Interactive Media and Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Baidu has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Baidu's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Baidu's finances.
The net worth of a company is the difference between its assets and liabilities.
- Baidu is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Baidu's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Baidu Company Filings, last reported 2 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 175,752.00 | 64,904.00 | 139,511.00 |
| 2018-09-30 | 172,844.00 | 49,250.00 | 104,491.00 |
| 2018-06-30 | 161,688.00 | 54,289.00 | 127,584.00 |
| 2018-03-31 | 138,676.00 | 50,573.00 | 110,458.00 |
| 2017-12-31 | 130,372.00 | 43,566.00 | 119,019.00 |
| 2017-09-30 | 112,304.00 | 58,793.00 | 129,583.00 |
| 2017-06-30 | 104,623.00 | 51,854.00 | 117,150.00 |
| 2017-03-31 | 99,702.44 | 52,413.34 | 106,744.98 |
| 2016-12-31 | 97,743.00 | 44,264.00 | 90,081.00 |
| 2016-09-30 | 93,363.94 | 39,705.68 | 78,361.54 |
| 2016-06-30 | 89,692.02 | 39,125.79 | 75,812.04 |
| 2016-03-31 | 86,355.13 | 34,961.07 | 71,346.14 |
| 2015-12-31 | 84,215.72 | 35,071.14 | 68,309.33 |
| 2015-09-30 | 59,628.45 | 37,481.30 | 70,143.86 |
| 2015-06-30 | 63,849.37 | 35,955.18 | 74,958.80 |
| 2015-03-31 | 57,281.09 | 25,854.74 | 58,038.27 |
| 2014-12-31 | 54,052.38 | 25,784.61 | 56,831.28 |
| 2014-09-30 | 49,915.23 | 24,158.90 | 51,347.86 |
| 2014-06-30 | 46,068.42 | 24,368.85 | 48,658.54 |
| 2014-03-31 | 42,067.39 | 18,104.00 | 39,678.79 |
| 2013-12-31 | 40,665.25 | 17,658.88 | 38,426.56 |
| 2013-09-30 | 36,343.95 | 17,843.94 | 43,300.39 |
| 2013-06-30 | 32,524.67 | 11,800.69 | 34,069.39 |
| 2013-03-31 | 29,537.16 | 11,897.59 | 33,816.77 |
| 2012-12-31 | 27,215.13 | 11,941.23 | 32,484.86 |
| 2012-09-30 | 24,223.41 | 2,885.23 | 21,287.32 |
| 2012-06-30 | 21,037.95 | 2,840.27 | 18,256.58 |
| 2012-03-31 | 18,241.81 | 2,517.52 | 16,115.43 |
- Baidu's level of debt (36.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (43.4% vs 36.9% today).
- Debt is well covered by operating cash flow (55.4%, greater than 20% of total debt).
- Baidu earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Baidu's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Baidu has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Baidu's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Baidu
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Baidu's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Baidu's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 30 Analyst Estimates (S&P Global) | See Below |
| Global Interactive Media and Services Industry Average Dividend Yield | Market Cap Weighted Average of 19 Stocks | 0.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.00 | 3.00 |
| 2020-12-31 | 0.00 | 6.00 |
| 2019-12-31 | 0.00 | 7.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Baidu has not reported any payouts.
- Unable to verify if Baidu's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Baidu's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Baidu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Baidu has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| AGE | 49 |
| TENURE AS CEO | 15.2 years |
CEO Bio
Mr. Yanhong Li, also known as Robin, Co-Founded Baidu, Inc. in January 2000 and has been its Chief Executive Officer since January 2004 and oversees its overall strategy and business operations. Mr. Li served as the President of Baidu, Inc. from February 2000 to December 2003. He served as an Engineer of Infoseek from July 1997 to December 1999. He served as Senior Consultant of IDD Information Services from May 1994 to June 1997. He serves as the Chairman of Baidu Venture and Baidu Capital. He has been the Chairman of iQiyi.com Inc., since 2010 and Baidu, Inc. since January 2000. He served as Chairman and Director of Qunar Cayman Islands Limited since June 2012 until January 4, 2016. Mr. Li has been an Independent Director of New Oriental Education and Technology Group since September 6, 2006. He has been a Director of Ctrip.com International Ltd. since October 26, 2015. Mr. Li served as Director at Beijing Baidu Investment Management Co., Ltd. In 1996, he was awarded a US patent by consolidating web page quality-based sequencing and interrelationship-based sequencing. In 1998, he published a book “Silicon Valley Business War” in Mainland China, based on his own working and living experiences in Silicon Valley. Mr. Li worked as a staff engineer for Infoseek, a pioneer in the internet search engine industry, from July 1997 to December 1999. Mr. Li has also been a vice chairman of All-China Federation of Industry & Commerce and a member of the Chinese People’s Political Consultative Conference since December 2012 and 2013, respectively. Mr. Li holds a Bachelor of Science Degree in Information Sciencet from Peking University in 1991 and a Master of Science Degree in Computer Science from the State University of New York at Buffalo in 1994
CEO Compensation
- Insufficient data for Robin to compare compensation growth.
- Insufficient data for Robin to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Baidu management team in years:
- The average tenure for the Baidu management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Robin Li
Co-Founder
49
15.2 yrs
Ya-Qin Zhang
President
52
0.8 yrs
Herman Yu
Chief Financial Officer
47
1.5 yrs
Sharon Ng
Director of Ir
Victor Liang
VP & General Counsel
7.8 yrs
Hailong Xiang
Senior VP & GM of Search related Business
40
7.7 yrs
Lee Liu
Senior Vice President
53
Haifeng Wang
Senior Vice President
46
0.8 yrs
Tim Gong Yu
Chief Executive Officer of Beijing Qiyi Century Science & Technology Co.
49
9.2 yrs
Board of Directors Tenure
Average tenure and age of the Baidu board of directors in years:
- The tenure for the Baidu board of directors is about average.
Board of Directors
Robin Li
Co-Founder
49
19.2 yrs
Qi Lu
Vice Chairman
56
2.1 yrs
Brent Callinicos
Independent Director
52
3.4 yrs
James Ding
Independent Director
53
13.6 yrs
Yuanqing Yang
Independent Director
53
3.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Baidu's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Baidu has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
How Do Baidu, Inc.’s (NASDAQ:BIDU) Returns On Capital Compare To Peers?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleIs Now An Opportune Moment To Examine Baidu, Inc. (NASDAQ:BIDU)?
received a lot of attention from a substantial price movement on the NASDAQGS over the last few months, increasing to $191.33 at one point, and dropping to the lows of $154.71. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Baidu's current trading price of $165.72 reflective of the actual value of the?
Simply Wall St - – Full articleDo Institutions Own Baidu, Inc. (NASDAQ:BIDU) Shares?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutions own shares in the company
Simply Wall St - – Full articleWhy We Think Baidu, Inc. (NASDAQ:BIDU) Could Be Worth Looking At
Help shape the future of investing tools and you could win a $250 gift card! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.
Simply Wall St - – Full articleWhat You Must Know About Baidu, Inc.'s (NASDAQ:BIDU) Financial Health
Common characteristics for these big stocks are their strong balance sheet and high liquidity, which means there's plenty of stocks available to the public for trading. … These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates. … Take the survey and be part of one of the most advanced studies of stock market investors to date?
Simply Wall St - – Full articleWhy Baidu, Inc. (NASDAQ:BIDU) Is A Star In A Falling Market
When stocks are plummeting in price, it's hard to start buying into all the uncertainty. … And I'm not talking about buying into speculative, high-risk stocks. … provides Internet search services in China and internationally
Simply Wall St - – Full articleBaidu, Inc. (NASDAQ:BIDU) Is Trading At A 35.33% Discount
by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleWith A Return On Equity Of 15%, Has Baidu, Inc.'s (NASDAQ:BIDU) Management Done Well?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.15. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Should Investors Know About Baidu Inc's (NASDAQ:BIDU) Capital Returns?
and want to begin learning the link between Baidu Inc (NASDAQ:BIDU)’s return fundamentals and stock market performance. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Baidu is able to use capital to create earnings will help us understand your potential return.
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Baidu Inc (NASDAQ:BIDU)?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … I generally like to see some degree of insider ownership, even if only a little. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleCompany Info
Description
Baidu, Inc. provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos. It also provides Baidu Post Bar, a social media platform; Baidu Knows, a question-and-answer community where questions are asked, answered, and organized by users; Baidu Encyclopedia; Baidu Maps that offers locations, and intelligent routing and navigation services; Baidu Input Method Editor (IME), a Chinese-language mobile keyboard; Baidu WenKu; Baijiahao; and DuerOS, a voice assistant platform. In addition, this segment offers online marketing services, which include pay for performance (P4P), an auction-based services that allow customers to bid for priority placement of paid sponsored links and reach users who search for information related to their products or services; Non-P4P services provide display-based marketing services and other online marketing services based on performance criteria other than cost per click; Apollo, an open source autonomous driving platform; and Baidu Cloud primarily provides AI solutions, cloud infrastructure, and other services to enterprises and individuals. The iQIYI segment provides online entertainment service, including original and licensed content; membership services; and online advertising services. The company was formerly known as Baidu.com, Inc. and changed its name to Baidu, Inc. in December 2008. Baidu, Inc. was founded in 2000 and is headquartered in Beijing, China.
Details
| Name: | Baidu, Inc. |
| BIDU | |
| Exchange: | NasdaqGS |
| Founded: | 2000 |
| $59,451,462,470 | |
| 349,365,120 | |
| Website: | http://www.baidu.com |
| Address: |
Baidu, Inc. Baidu Campus, No 10, Shangdi 10th Street, Beijing, 100085, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | BIDU | SPONS ADR REPR 0.10 ORD CLS'A' | Nasdaq Global Select | US | USD | 05. Aug 2005 | |
| DB | B1C | SPONS ADR REPR 0.10 ORD CLS'A' | Deutsche Boerse AG | DE | EUR | 05. Aug 2005 | |
| LSE | 0HL1 | SPONS ADR REPR 0.10 ORD CLS'A' | London Stock Exchange | GB | USD | 05. Aug 2005 | |
| SWX | BIDU | SPONS ADR REPR 0.10 ORD CLS'A' | SIX Swiss Exchange | CH | CHF | 05. Aug 2005 | |
| WBAG | BIDU | SPONS ADR REPR 0.10 ORD CLS'A' | Wiener Boerse AG | AT | EUR | 05. Aug 2005 | |
| BMV | BIDU N | SPONS ADR REPR 0.10 ORD CLS'A' | Bolsa Mexicana de Valores | MX | MXN | 05. Aug 2005 |
Number of employees
Current staff
Industry
| Interactive Media and Services | |
| Media |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/21 00:04 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/14 |
| Last earnings filing: | 2019/03/15 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
