Baidu Intrinsic Value Calculator – BAIDU Reports Second Quarter Fiscal Year 2023 Earnings Results on August 22
August 24, 2023
🌥️Earnings Overview
On August 22 2023, BAIDU ($NASDAQ:BIDU) reported their earnings results for the second quarter of fiscal year 2023, which ended on June 30 2023. Total revenue was CNY 34.1 billion, indicating a growth of 14.9% compared to the same period in the previous year. Net income also increased significantly by 43.1%, reaching CNY 5.2 billion.
Price History
The company’s stock opened the day at $129.4 and closed at $128.4, representing a 2.8% increase from the prior closing price of $124.9. This impressive earnings report reinstates BAIDU‘s position as a leading player in the technology industry, and signals their continued success in the years to come. This is primarily due to their strong performance in their online marketing services and video streaming services.
Overall, BAIDU’s strong fiscal performance speaks to their impressive abilities to remain adept and competitive in the ever-evolving technology industry. With their continued success, investors and shareholders can look forward to further growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Baidu. BAIDU_Reports_Second_Quarter_Fiscal_Year_2023_Earnings_Results_on_August_22″>More…
| Total Revenues | Net Income | Net Margin |
| 130.82k | 15.84k | 12.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Baidu. BAIDU_Reports_Second_Quarter_Fiscal_Year_2023_Earnings_Results_on_August_22″>More…
| Operations | Investing | Financing |
| 33.06k | -23.07k | -9.9k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Baidu. BAIDU_Reports_Second_Quarter_Fiscal_Year_2023_Earnings_Results_on_August_22″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 406.32k | 152.87k | 674.04 |
Key Ratios Snapshot
Some of the financial key ratios for Baidu are shown below. BAIDU_Reports_Second_Quarter_Fiscal_Year_2023_Earnings_Results_on_August_22″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.4% | 25.3% | 18.5% |
| FCF Margin | ROE | ROA |
| 18.9% | 6.5% | 3.7% |
Analysis – Baidu Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of BAIDU‘s fundamentals and our proprietary Valuation Line has calculated the fair value of its share to be around $148.3. This is a full 13.4% below the current trading price of $128.4, thus indicating that the stock is undervalued. We believe investors should take advantage of this discrepancy and purchase BAIDU stock now. More…
Summary
BAIDU‘s second quarter earnings results for fiscal 2023 showed strong growth, with total revenue of CNY 34.1 billion, a 14.9% increase from the same period in the previous year. Net income was CNY 5.2 billion, a 43.1% increase from the same period in the previous year. This impressive performance was due to increased monetization of the company’s products and services, as well as cost-cutting initiatives. Investors are likely to be pleased with these results, and BAIDU offers a strong growth potential for those looking to invest in the Chinese tech sector.
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