| Intrinsic Valuation of: BIDU | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $46B | |||||
| 2021 | - | - (-) | P/E Ratio | 78 | Total Asset | $449B | |||||
| 2022 | $18B | - (-) | Net Income | $6B | Total Debt | $61B | |||||
| 2023 | $25B | 42.4% (30.9%) | EBITDA | $31B | Total Liab | $159B | |||||
| 2024 | $13B | -48.8% (-48.2%) | Opr Margin | 8.03 | Debt/Equity | 0.21 | |||||
| 2025 | $-16B | -226.6% (-230.6%) | PreTax Margin | 5.87 | BV/Share | 747 | |||||
| 5Y Average FCF | $10B | 2.5% (-82.6%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (2.5%) | ||||||||||
| 2026 | $19B | MBG Intrinsic Value | $15 | ||||||||
| 2027 | $20B | ||||||||||
| 2028 | $20B | ||||||||||
| 2029 | $21B | ||||||||||
| 2030 | $21B | ||||||||||
| 2031 | $22B | ||||||||||
| Terminal Value | $491B | Net Worth/Share | $1,055 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $424B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $25B | $1,410 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $61B | WACC | 6.5% | 1,316 | 1,443 | 1,601 | 1,805 | 2,075 | |||
| Equity Value | $387B | 7.1% | 1,156 | 1,253 | 1,370 | 1,515 | 1,700 | ||||
| Shares Outstanding | 274,750,119 | 7.8% | 1,026 | 1,101 | 1,190 | 1,298 | 1,431 | ||||
| 8.4% | 919 | 979 | 1,049 | 1,131 | 1,231 | ||||||
| DCF Intrinsic Value | $1,410 | 9.0% | 832 | 880 | 936 | 1,002 | 1,079 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||