Bilibili Inc.

NasdaqGS:BILI Stock Report

Market Cap: US$8.0b

Bilibili Valuation

Is BILI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BILI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BILI ($19.59) is trading below our estimate of fair value ($33.37)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BILI?

Key metric: As BILI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BILI. This is calculated by dividing BILI's market cap by their current revenue.
What is BILI's PS Ratio?
PS Ratio2.3x
SalesCN¥25.45b
Market CapCN¥58.06b

Price to Sales Ratio vs Peers

How does BILI's PS Ratio compare to its peers?

The above table shows the PS ratio for BILI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
MTCH Match Group
2.4x3.5%US$8.5b
NBIS Nebius Group
0.7xn/aUS$6.3b
BZ Kanzhun
6.1x12.6%US$6.0b
SNAP Snap
3.7x11.8%US$19.0b
BILI Bilibili
2.3x10.9%US$8.0b

Price-To-Sales vs Peers: BILI is good value based on its Price-To-Sales Ratio (2.3x) compared to the peer average (3.2x).

Price to Sales Ratio vs Industry

How does BILI's PS Ratio compare vs other companies in the US Interactive Media and Services Industry?

23 CompaniesPrice / SalesEstimated GrowthMarket Cap
FUBO fuboTV
0.3x12.3%US$441.00m
TRVG trivago
0.3x5.7%US$161.55m
SST System1
0.2x1.4%US$86.09m
SY So-Young International
0.4x5.9%US$78.25m
BILI 2.3xIndustry Avg. 1.2xNo. of Companies23PS01.63.24.86.48+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BILI is expensive based on its Price-To-Sales Ratio (2.3x) compared to the US Interactive Media and Services industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is BILI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BILI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.3x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: BILI is expensive based on its Price-To-Sales Ratio (2.3x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BILI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.59
US$23.62
+20.6%
15.3%US$33.73US$16.35n/a30
Dec ’25US$19.17
US$23.21
+21.1%
17.7%US$34.00US$11.96n/a31
Nov ’25US$21.90
US$21.24
-3.0%
22.1%US$34.00US$12.17n/a31
Oct ’25US$26.73
US$19.30
-27.8%
20.8%US$34.43US$12.32n/a31
Sep ’25US$14.38
US$18.62
+29.5%
21.5%US$33.98US$12.16n/a31
Aug ’25US$15.23
US$18.23
+19.7%
22.1%US$34.06US$11.96n/a31
Jul ’25US$15.29
US$17.22
+12.6%
24.9%US$33.95US$11.66n/a31
Jun ’25US$14.52
US$16.55
+14.0%
25.0%US$33.74US$11.70n/a31
May ’25US$12.73
US$15.02
+18.0%
30.2%US$33.75US$9.93n/a32
Apr ’25US$11.16
US$15.11
+35.4%
31.7%US$33.79US$9.94n/a32
Mar ’25US$10.05
US$16.68
+66.0%
33.4%US$33.71US$9.92n/a32
Feb ’25US$9.35
US$17.12
+83.1%
33.2%US$33.96US$9.99n/a33
Jan ’25US$12.17
US$17.63
+44.9%
30.7%US$33.82US$9.95n/a33
Dec ’24US$11.51
US$17.83
+55.0%
29.8%US$33.99US$10.00US$19.1734
Nov ’24US$13.20
US$20.72
+57.0%
27.9%US$37.99US$11.00US$21.9034
Oct ’24US$13.77
US$21.57
+56.7%
25.6%US$38.10US$12.78US$26.7334
Sep ’24US$15.58
US$21.87
+40.4%
25.5%US$38.30US$12.85US$14.3835
Aug ’24US$17.81
US$22.60
+26.9%
24.2%US$38.25US$12.87US$15.2335
Jul ’24US$15.10
US$22.81
+51.1%
22.6%US$37.90US$12.75US$15.2935
Jun ’24US$15.87
US$24.73
+55.9%
22.3%US$38.91US$15.57US$14.5235
May ’24US$20.23
US$26.73
+32.1%
19.3%US$39.96US$15.98US$12.7335
Apr ’24US$23.50
US$29.75
+26.6%
57.8%US$125.26US$16.08US$11.1635
Mar ’24US$19.67
US$29.54
+50.2%
59.9%US$125.32US$11.62US$10.0535
Feb ’24US$26.25
US$29.59
+12.7%
61.5%US$127.68US$11.84US$9.3535
Jan ’24US$23.69
US$27.54
+16.2%
65.2%US$124.81US$11.30US$12.1736
Dec ’23US$17.02
US$26.27
+54.3%
68.5%US$122.20US$6.30US$11.5136

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:56
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bilibili Inc. is covered by 60 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jiong ShaoBarclays
Yanfang JiangBenchmark Company
Michael MengBOCI Research Ltd.