- Alibaba’s 3Q revenue met estimates, coming in at 260.35 billion yuan, marking a 5.1% increase year on year.
- Total revenue for Taobao and Tmall Group was 129.07 billion yuan, a quarterly increase of 32%.
- Alibaba International Digital Commerce Group’s revenue reached 28.52 billion yuan, up 16% from the previous quarter.
- Local Services Group revenue was slightly down by 2.6% quarter on quarter, at 15.16 billion yuan.
- Adjusted earnings per American depositary receipts were 18.97 yuan as compared to 19.26 yuan the previous year.
- Adjusted Ebitda was 59.57 billion yuan, a slight increase of 0.7% year on year.
- The adjusted net income was 47.95 billion yuan, a decrease of 4% from the previous year.
- Other revenue amounted to 47.02 billion yuan, down 2.1% from the previous quarter.
- There were 44 buys, 8 holds, and 0 sells in the stock market.
Alibaba (ADR) on Smartkarma
Alibaba (ADR) has been receiving positive analyst coverage on Smartkarma, an independent investment research network. According to Ming Lu‘s report, Great Wall Motor saw an increase in revenue by 26% but a less than 5% increase in profit in 2023. Meanwhile, Huawei experienced a 36% YoY increase in shipments in 4Q23. Additionally, Jack Ma and Joe Tsai, the founder and chairman of Alibaba, purchased stocks in the company. Sumeet Singh‘s report also mentions positive developments for Alibaba, including its inclusion in the ECM Weekly update and its upcoming IPO on the Asia Pacific market. Ying Pan‘s report, on the other hand, has a bearish sentiment towards Alibaba, noting a decline in adjusted EBITA and non-GAAP net income, but a growth in Taobao/Tmall GMV due to a shift in strategy. Overall, Alibaba’s coverage on Smartkarma seems to be leaning towards the bullish side, with analysts highlighting positive financial results and developments for the company.
A look at Alibaba (ADR) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Alibaba (ADR) has received positive ratings from Smartkarma’s Smart Scores, indicating a promising long-term outlook for the company. With a score of 4 in value, investors can expect Alibaba to have strong fundamentals and be undervalued in the market. This could potentially lead to higher returns in the future.
The company also scored a 3 in dividends, showing its commitment to providing returns to its shareholders. With a score of 4 in growth, Alibaba is expected to continue expanding and increasing its market share in the online sales industry. Its resilience score of 5 reflects its ability to withstand economic downturns and maintain its strong performance.
Lastly, Alibaba scored a 4 in momentum, indicating positive market sentiment and potential for future growth. Overall, Alibaba Group Holding Limited’s wide range of online services and global presence make it a strong investment opportunity for the long term.
Summary: Alibaba Group Holding Limited is a global provider of online sales services, including internet infrastructure, e-commerce, online financial, and internet content services. With strong ratings in value, dividends, growth, resilience, and momentum, Alibaba is poised for long-term success in the online sales industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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