Alibaba
Company Overview
Sector : Consumer Discretionary
Industry : Retail
Headquarter : Hangzhou, Zhejiang Province, China
Description : Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates digital retail platforms under the Taobao and Tmall names; wholesale marketplaces through 1688.com and Alibaba.com; global e-commerce platform under the AliExpress name; e-commerce platforms under the Lazada, Trendyol, and Daraz names; and consumer-to-consumer community and marketplace under the Tmall Global, Tmall Supermarket, and Xianyu names. The company also operates Cainiao, an e-commerce logistics solution; Ele.me, an on-demand delivery and local services platform; and Amap, a provider of mobile digital map, navigation, and real-time traffic information; Youku, an online video platform; and Damai Entertainment that provides content production, promotion and distribution, performance and event ticketing management, IP-related licensing and operations, cinema ticketing management, and internet data services for the entertainment industry. In addition, it provides elastic computing, storage, network, security, database, big data, cloud native, and Alibaba cloud model studio services; and hardware, software license and installation, and application development and maintenance services, as well as sells membership packages and subscriptions. Further, the company offers Freshippo, a retail platform for groceries and goods; Alibaba Health for medical and healthcare solutions; mobile games under the Lingxi Games name; UC Browser, an information service platform; Quark, an information services platform for young users; Fliggy, an online travel platform; and DingTalk, a collaboration workplace and enterprise management platform. It also offers the Alibaba Token Hub (ATH) Business, which develops multimodal foundation models; the MaaS Business Line, which builds AI technical infrastructure; and the Qwen Business Unit, which is responsible for a personal AI assistant. Alibaba Group Holding Limited was incorporated in 1999 and is based in Causeway Bay, Hong Kong.
S&P Credit Rating
A+
CEO
Yongming Wu
No. of Employees
128,197
Website
www.alibabagroup.com
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 101,140 | 158,270 | 250,270 | 376,840 | 509,710 | 717,290 | 853,060 | 868,690 | 941,170 | 996,350 |
| Revenue Growth % | 32.73% | 56.48% | 58.12% | 50.58% | 35.26% | 40.72% | 18.93% | 1.83% | 8.34% | 5.86% |
| Gross Profit | 66,790 | 98,790 | 143,220 | 169,920 | 227,340 | 296,080 | 313,610 | 318,990 | 354,850 | 398,060 |
| Gross Margin % | 66.03% | 62.42% | 57.23% | 45.09% | 44.60% | 41.28% | 36.76% | 36.72% | 37.70% | 39.95% |
| Operating Income | 29,960 | 48,060 | 70,360 | 57,750 | 93,000 | 89,680 | 94,780 | 103,070 | 123,870 | 147,080 |
| Operating Margin % | 29.62% | 30.36% | 28.12% | 15.32% | 18.25% | 12.50% | 11.11% | 11.86% | 13.16% | 14.76% |
| EBIT | 31,160 | 54,140 | 73,470 | 57,310 | 98,870 | 97,260 | 80,160 | 106,170 | 119,510 | 144,290 |
| EBIT Margin % | 30.81% | 34.21% | 29.36% | 15.21% | 19.40% | 13.56% | 9.40% | 12.22% | 12.70% | 14.48% |
| EBITDA | 37,860 | 68,430 | 95,490 | 94,390 | 141,300 | 145,170 | 128,230 | 153,110 | 164,010 | 186,750 |
| EBITDA Margin % | 37.43% | 43.24% | 38.16% | 25.05% | 27.72% | 20.24% | 15.03% | 17.63% | 17.43% | 18.74% |
| Net Income | 71,460 | 43,680 | 63,990 | 87,600 | 149,260 | 150,310 | 61,960 | 72,510 | 79,740 | 129,470 |
| Net Margin % | 70.48% | 26.05% | 24.54% | 21.29% | 27.54% | 19.98% | 5.52% | 7.55% | 7.58% | 12.64% |
| Diluted EPS (¥) | 27.89 | 16.97 | 24.51 | 33.38 | 55.92 | 54.72 | 22.72 | 27.44 | 31.28 | 53.60 |
| Dividend Per Share (¥) | — | — | — | — | — | — | — | — | 7.15 | 11.94 |
| Balance Sheet | ||||||||||
| Total Assets | 364,450 | 506,810 | 717,120 | 965,080 | 1,312,990 | 1,690,220 | 1,695,550 | 1,753,040 | 1,764,830 | 1,804,230 |
| Total Liabilities | 114,560 | 182,690 | 277,690 | 349,670 | 433,330 | 606,580 | 613,360 | 630,120 | 652,230 | 714,120 |
| Total Equity | 249,890 | 324,120 | 439,440 | 615,400 | 879,650 | 1,083,630 | 1,082,190 | 1,122,920 | 1,112,600 | 1,090,110 |
| Cash & Equivalents | 106,820 | 143,740 | 199,310 | 189,980 | 330,500 | 321,260 | 189,900 | 193,090 | 248,130 | 145,490 |
| Working Capital | 82,030 | 88,750 | 121,050 | 62,600 | 221,050 | 266,000 | 254,750 | 312,620 | 331,360 | 238,700 |
| Book Value Per Share (¥) | 13.44 | 15.13 | 21.61 | 26.43 | 38.96 | 52.49 | 57.40 | 55.27 | 57.45 | 58.04 |
| Total Debt / Equity | 0.23 | 0.28 | 0.29 | 0.22 | 0.17 | 0.17 | 0.16 | 0.17 | 0.18 | 0.23 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 56,840 | 80,330 | 125,170 | 150,980 | 180,610 | 231,790 | 142,760 | 199,750 | 182,590 | 163,510 |
| Cash from Investing | (42,830) | (78,360) | (83,890) | (151,060) | (108,070) | (244,190) | (198,590) | (135,510) | (21,820) | (185,420) |
| Cash from Financing | (15,850) | 32,910 | 20,360 | (7,390) | 70,850 | 30,080 | (64,450) | (65,620) | (108,240) | (76,220) |
| Capital Expenditure | 10,850 | 17,550 | 29,840 | 49,640 | 45,390 | 43,190 | 53,320 | 34,350 | 32,930 | 85,970 |
| Free Cash Flow | 38,200 | 55,520 | 73,250 | 69,080 | 113,800 | 138,090 | 107,590 | 151,920 | 163,410 | 101,530 |
| Change in Cash | (1,840) | 34,880 | 61,640 | (7,480) | 143,390 | 17,670 | (120,280) | (1,370) | 52,530 | (98,120) |
| Period ending Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue % | ||||||||||
| Year Over Year | 32.73% | 56.48% | 58.12% | 50.58% | 35.26% | 40.72% | 18.93% | 1.83% | 8.34% | 5.86% |
| 3-Year Average | 43.10% | 44.46% | 48.64% | 55.03% | 47.67% | 42.05% | 31.30% | 19.45% | 9.48% | 5.31% |
| 5-Year Average | 91.27% | 51.21% | 48.62% | 48.32% | 46.24% | 47.96% | 40.06% | 28.26% | 20.09% | 14.35% |
| 10-Year Average | 59.25% | 59.02% | 61.30% | 64.01% | 62.95% | 66.47% | 45.53% | 38.06% | 33.46% | 29.31% |
| Operating Income % | ||||||||||
| Year Over Year | 26.74% | 60.41% | 46.42% | (17.93%) | 61.05% | (3.58%) | 5.69% | 8.74% | 20.19% | 18.73% |
| 3-Year Average | 38.35% | 23.98% | 43.85% | 24.46% | 24.62% | 8.42% | 17.96% | 3.48% | 11.37% | 15.77% |
| 5-Year Average | 96.62% | 55.12% | 44.13% | 18.03% | 31.52% | 24.52% | 14.55% | 7.93% | 16.49% | 9.60% |
| 10-Year Average | 66.44% | 55.57% | 55.39% | 53.85% | 55.79% | 53.59% | 33.30% | 24.72% | 17.25% | 20.06% |
| Net Income % | ||||||||||
| Year Over Year | 194.55% | (38.88%) | 46.75% | 37.12% | 70.03% | 0.77% | (58.66%) | 16.92% | 9.93% | 62.62% |
| 3-Year Average | 103.08% | 23.27% | 38.24% | 7.14% | 50.69% | 32.94% | (10.86%) | (21.32%) | (19.00%) | 27.86% |
| 5-Year Average | 140.48% | 59.52% | 49.68% | 30.39% | 43.85% | 16.08% | 7.34% | 2.58% | (1.86%) | (2.73%) |
| 10-Year Average | 86.81% | 50.93% | 53.65% | 61.99% | 64.78% | 62.20% | 30.86% | 23.91% | 13.12% | 18.29% |
| EPS % | ||||||||||
| Year Over Year | 187.53% | (39.15%) | 44.43% | 36.19% | 67.53% | (2.15%) | (58.48%) | 20.77% | 13.99% | 71.36% |
| 3-Year Average | 98.42% | 19.28% | 36.20% | 6.17% | 48.81% | 30.70% | (12.04%) | (21.13%) | (17.01%) | 33.12% |
| 5-Year Average | 182.31% | 56.41% | 47.01% | 27.26% | 41.96% | 14.43% | 6.01% | 2.28% | (1.29%) | (0.84%) |
| 10-Year Average | 85.36% | 61.66% | 64.99% | 73.92% | 76.57% | 73.27% | 28.77% | 22.62% | 12.08% | 18.64% |
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||||
| Return on Assets % | 23.06% | 10.03% | 10.46% | 10.41% | 13.10% | 10.01% | 3.66% | 4.21% | 4.53% | 7.26% |
| Return on Equity % | 39.43% | 17.62% | 19.85% | 20.42% | 23.93% | 17.76% | 6.57% | 7.48% | 8.07% | 12.97% |
| Return on Invested Capital % | 11.08% | 12.13% | 9.72% | 9.89% | 11.72% | 9.33% | 6.97% | 7.50% | 7.88% | 9.87% |
| Working Capital Efficiency | ||||||||||
| Days Sales Outstanding | 4.11 | 6.45 | 8.51 | 10.20 | 12.02 | 11.92 | 12.81 | 13.64 | 12.18 | 11.33 |
| Days Inventory | — | — | 15.46 | 11.53 | 15.12 | 18.51 | 19.60 | 19.47 | 16.81 | 13.53 |
| Payables Period | 71.64 | 87.42 | 103.19 | 81.42 | 97.20 | 102.02 | 100.15 | 106.22 | 106.26 | 115.50 |
| Cash Conversion Cycle | — | — | (79.22) | (59.70) | (70.07) | (71.59) | (67.74) | (73.11) | (77.27) | (90.64) |
| Asset Turnover | ||||||||||
| Receivables Turnover | 88.88 | 56.56 | 42.88 | 35.80 | 30.38 | 30.61 | 28.49 | 26.75 | 29.96 | 32.21 |
| Inventory Turnover | — | — | 23.60 | 31.67 | 24.14 | 19.72 | 18.62 | 18.75 | 21.71 | 26.98 |
| Fixed Assets Turnover | 8.88 | 9.36 | 5.77 | 4.75 | 4.43 | 4.01 | 3.61 | 3.40 | 3.55 | 3.81 |
| Asset Turnover | 0.33 | 0.36 | 0.41 | 0.45 | 0.45 | 0.48 | 0.50 | 0.50 | 0.54 | 0.56 |
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liquidity | ||||||||||
| Current Ratio | 2.58 | 1.95 | 1.89 | 1.30 | 1.91 | 1.70 | 1.66 | 1.81 | 1.79 | 1.55 |
| Quick Ratio | 2.46 | 1.84 | 1.75 | 1.15 | 1.72 | 1.45 | 1.40 | 1.57 | 1.55 | 1.28 |
| Leverage & Solvency | ||||||||||
| Interest Coverage | 42.86 | 23.47 | 29.16 | 19.54 | 33.17 | 37.99 | 3.89 | 6.25 | 6.67 | 17.20 |
| Financial Leverage | 1.68 | 1.82 | 1.96 | 1.96 | 1.74 | 1.80 | 1.79 | 1.77 | 1.79 | 1.79 |
| Debt / Equity | 0.25 | 0.28 | 0.33 | 0.23 | 0.18 | 0.17 | 0.17 | 0.18 | 0.17 | 0.22 |
| Per Share | ||||||||||
| Book Value Per Share (¥) | 13.44 | 15.13 | 21.61 | 26.43 | 38.96 | 52.49 | 57.40 | 55.27 | 57.45 | 58.04 |
| Cash Value Per Share (¥) | — | — | — | 11.32 | 19.22 | 27.89 | 27.79 | 30.16 | 32.02 | 25.77 |
| Capital Expenditure | ||||||||||
| Capex as % of Sales | 10.72% | 11.09% | 11.92% | 13.17% | 8.90% | 6.02% | 6.25% | 3.95% | 3.50% | 8.63% |
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow Growth | ||||||||||
| Operating CF Growth % YoY | 37.89% | 41.33% | 55.83% | 20.62% | 19.63% | 28.34% | (38.41%) | 39.92% | (8.59%) | (10.45%) |
| Free Cash Flow Growth % YoY | 37.24% | 36.51% | 51.86% | 6.29% | 33.44% | 39.48% | (52.58%) | 84.94% | (9.51%) | (48.19%) |
| Cash Flow Margins & Quality | ||||||||||
| Free Cash Flow / Sales % | 45.47% | 39.67% | 38.09% | 26.89% | 26.53% | 26.29% | 10.48% | 19.04% | 15.90% | 7.78% |
| Free Cash Flow / Net Income | 0.64 | 1.44 | 1.49 | 1.15 | 0.90 | 1.25 | 1.44 | 2.27 | 1.87 | 0.60 |
| Free Cash Flow Per Share (¥) | 2.99 | 3.61 | 6.36 | 6.58 | 7.84 | 9.11 | 7.52 | 5.90 | 8.40 | 7.13 |
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Price Multiples | ||||||||||
| Price / Sales | 11.73 | 15.47 | 7.56 | 8.62 | 8.04 | 2.61 | 1.81 | 1.55 | 1.57 | 2.50 |
| Price / Earnings | 44.33 | 50.11 | 38.97 | 25.11 | 25.11 | 17.09 | 114.57 | 10.73 | 17.29 | 20.18 |
| Price / Forward Earnings | — | — | — | 24.72 | 17.52 | 11.86 | 9.38 | 7.68 | 8.81 | 16.12 |
| Price / Cash Flow | 23.13 | 29.33 | 17.17 | 23.17 | 22.50 | 10.80 | 10.05 | 6.64 | 9.84 | 19.61 |
| Price / Book | 5.94 | 9.15 | 5.75 | 6.54 | 5.48 | 2.16 | 1.75 | 1.39 | 1.49 | 2.41 |
| PEG Ratio | 0.36 | 0.89 | 0.83 | 0.69 | 0.79 | 0.60 | 19.06 | 0.62 | 2.16 | 11.86 |
| Earnings & Enterprise Value | ||||||||||
| Earnings Yield % | 2.26% | 2.00% | 2.57% | 3.98% | 3.98% | 5.85% | 0.87% | 9.32% | 5.78% | 4.96% |
| Enterprise Value (¥ Bil) | 223.08 | 438.31 | 357.84 | 575.10 | 628.39 | 305.65 | 207.54 | 159.80 | 191.57 | 348.53 |
| EV / EBIT | 37.29 | 41.92 | 42.05 | 45.24 | 40.70 | 20.76 | 16.27 | 8.55 | 12.42 | 21.68 |
| EV / EBITDA | 33.75 | 38.52 | 36.70 | 39.75 | 36.27 | 18.35 | 14.35 | 7.78 | 10.51 | 20.87 |