Company Valuation: Alibaba Group Holding Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,027,830 1,853,787 1,800,888 1,310,939 2,215,816 2,592,695 - -
Change - -53.98% -2.85% -27.21% 69.03% 17.01% - -
Enterprise Value (EV) 1 3,845,890 1,805,233 1,769,156 1,233,590 2,265,198 2,408,955 2,380,731 2,278,642
Change - -53.06% -2% -30.27% 83.63% 6.35% -1.17% -4.29%
P/E ratio 27.2x 30.3x 25.6x 16.7x 17.9x 24.1x 20.9x 16.3x
PBR 4.35x 1.98x 1.87x 1.35x 2.29x 2.45x 2.2x 1.94x
PEG - -0.5x 1.2x 1.2x 0.3x -2.4x 1.4x 0.6x
Capitalization / Revenue 5.62x 2.17x 2.07x 1.39x 2.22x 2.49x 2.26x 2.06x
EV / Revenue 5.36x 2.12x 2.04x 1.31x 2.27x 2.32x 2.08x 1.81x
EV / EBITDA 19.5x 11.4x 10.1x 6.44x 11.2x 16.4x 11.7x 8.72x
EV / EBIT 42.9x 25.9x 17.6x 10.9x 16.1x 27.1x 16.6x 12.4x
EV / FCF 20x 18.3x 10.3x 7.9x 30.7x 46.3x 28.6x 18.3x
FCF Yield 5% 5.48% 9.7% 12.7% 3.26% 2.16% 3.5% 5.46%
Dividend per Share 2 - - - 12.02 14.34 7.299 7.572 7.959
Rate of return - - - 2.3% 1.49% 0.63% 0.65% 0.69%
EPS 2 54.7 22.74 27.46 31.24 53.59 48.12 55.38 71.35
Distribution rate - - - 38.5% 26.8% 15.2% 13.7% 11.2%
Net sales 1 717,289 853,062 868,687 941,168 996,347 1,040,478 1,145,583 1,258,723
EBITDA 1 196,842 158,205 175,710 191,668 202,325 147,173 203,661 261,380
EBIT 1 89,678 69,638 100,351 113,350 140,905 88,762 143,401 184,400
Net income 1 150,308 61,959 72,509 79,741 129,470 109,140 133,890 162,806
Net Debt 1 -181,940 -48,554 -31,732 -77,349 49,382 -183,740 -211,964 -314,052
Reference price 2 1,485.67 689.78 701.89 522.95 959.53 1,159.70 1,159.70 1,159.70
Nbr of stocks (in thousands) 2,711,119 2,687,500 2,565,752 2,506,837 2,309,279 2,235,667 - -
Announcement Date 5/13/21 A 5/26/22 A 5/18/23 A 5/14/24 A 5/15/25 A - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.1x2.32x16.37x0.63% 372B
207.26x18.5x109.1x-.--% 219B
11.67x1.91x8.04x-.--% 169B
53.71x3.66x26.03x-.--% 109B
-24.83x1.27x-39.17x-.--% 82.26B
22.43x4.17x13.46x1.23% 42.17B
24.08x6.96x16.46x - 38.64B
9.38x0.36x3.87x2.59% 9.15B
117.6x6.65x32.68x-.--% 6.94B
19.92x6.18x10.83x3.01% 5.1B
Average 46.53x 5.20x 19.77x 0.83% 105.23B
Weighted average by Cap. 59.81x 5.94x 30.82x 0.32%
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

  1. Stock Market
  2. Equities
  3. BABA Stock
  4. Valuation Alibaba Group Holding Limited