bullish

Baidu

Baidu: Priced to Fail

Wium has highlighted this Insight as a Top Pick
487 Views27 May 2024 09:00
SUMMARY
  • Since late 2020, Search’s share of digital advertising revenue has stabilised at around 8-10%, seemingly retaining its core advertising customers and industries.
  • Baidu management expects AI Cloud to maintain strong revenue growth momentum in the upcoming quarters.
  • Baidu trades on a 3.6x NTM EV/EBITDA multiple, well below one standard deviation lower than its 5-year historical average trading range and the lowest it has ever been.
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Wium Malan, CFA
Global Emerging Market Equities
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Information Technology & Communication ServicesEquity Bottom-UpThematic (Sector/Industry)
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