BIDU

BIDU — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($123.56)
DCF$349.16+182.6%
Graham Number$170.83+38.3%
Reverse DCFimplied g: -20.0%
DDM
EV/EBITDA$1292.47+946.0%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $4.50B
Rev: -4.1% / EPS: -72.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$349.16
Current Price$123.56
Upside / Downside+182.6%
Net Debt (used)-$18.19B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$351.60$409.48$476.82$554.75$644.52
8.0%$300.67$347.26$401.37$463.92$535.88
9.0%$265.38$304.17$349.16$401.10$460.78
10.0%$239.47$272.56$310.89$355.07$405.78
11.0%$219.63$248.39$281.64$319.92$363.80

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $11.36
Yahoo: $114.17

Results

Graham Number$170.83
Current Price$123.56
Margin of Safety+38.3%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$123.56
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth-4.1%
Historical Earnings Growth-72.3%
Base FCF (TTM)$4.50B
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: —

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.
DDM Intrinsic Value / share
Current Price$123.56
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $18.27B
Current: 18.7×
Default: -$18.19B

Results

Implied Equity Value / share$1292.47
Current Price$123.56
Upside / Downside+946.0%
Implied EV$341.41B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$28.19B-$23.19B-$18.19B-$13.19B-$8.19B
14.7x$1065.70$1047.73$1029.76$1011.78$993.81
16.7x$1197.06$1179.09$1161.12$1143.14$1125.17
18.7x$1328.42$1310.45$1292.47$1274.50$1256.53
20.7x$1459.78$1441.81$1423.83$1405.86$1387.89
22.7x$1591.14$1573.17$1555.19$1537.22$1519.25