bullish
Baidu: Priced to Fail
Wium has highlighted this Insight as a Top Pick
485 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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