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Baidu (FRA:B1CB) Cyclically Adjusted Price-to-FCF : 8.14 (As of Dec. 14, 2024)


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What is Baidu Cyclically Adjusted Price-to-FCF?

As of today (2024-12-14), Baidu's current share price is €10.75. Baidu's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €1.32. Baidu's Cyclically Adjusted Price-to-FCF for today is 8.14.

The historical rank and industry rank for Baidu's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:B1CB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.06   Med: 12.33   Max: 64.15
Current: 7.99

During the past years, Baidu's highest Cyclically Adjusted Price-to-FCF was 64.15. The lowest was 7.06. And the median was 12.33.

FRA:B1CB's Cyclically Adjusted Price-to-FCF is ranked better than
84.3% of 121 companies
in the Interactive Media industry
Industry Median: 23.57 vs FRA:B1CB: 7.99

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Baidu's adjusted free cash flow per share data for the three months ended in Sep. 2024 was €0.195. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.32 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baidu Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Baidu's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Baidu Cyclically Adjusted Price-to-FCF Chart

Baidu Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.67 19.50 14.15 10.63 10.38

Baidu Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.95 10.38 9.21 7.54 9.26

Competitive Comparison of Baidu's Cyclically Adjusted Price-to-FCF

For the Internet Content & Information subindustry, Baidu's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Baidu's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Baidu's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Baidu's Cyclically Adjusted Price-to-FCF falls into.



Baidu Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Baidu's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.75/1.32
=8.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Baidu's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Baidu's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.195/115.7848*115.7848
=0.195

Current CPI (Sep. 2024) = 115.7848.

Baidu Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.000 99.000 0.000
201503 0.000 99.900 0.000
201506 0.000 99.500 0.000
201509 0.000 100.500 0.000
201512 0.000 100.600 0.000
201603 0.000 102.200 0.000
201606 0.000 101.400 0.000
201609 0.000 102.400 0.000
201612 0.000 102.600 0.000
201703 0.000 103.200 0.000
201706 0.000 103.100 0.000
201709 0.000 104.100 0.000
201712 0.000 104.500 0.000
201803 0.000 105.300 0.000
201806 0.000 104.900 0.000
201809 0.000 106.600 0.000
201812 0.000 106.500 0.000
201903 0.078 107.700 0.084
201906 0.319 107.700 0.343
201909 0.404 109.800 0.426
201912 0.511 111.200 0.532
202003 0.102 112.300 0.105
202006 0.372 110.400 0.390
202009 0.353 111.700 0.366
202012 0.277 111.500 0.288
202103 0.191 112.662 0.196
202106 0.369 111.769 0.382
202109 0.159 112.215 0.164
202112 0.233 113.108 0.239
202203 0.097 114.335 0.098
202206 0.387 114.558 0.391
202209 0.451 115.339 0.453
202212 0.380 115.116 0.382
202303 0.279 115.116 0.281
202306 0.484 114.558 0.489
202309 0.430 115.339 0.432
202312 0.482 114.781 0.486
202403 0.282 115.227 0.283
202406 0.383 114.781 0.386
202409 0.195 115.785 0.195

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Baidu  (FRA:B1CB) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Baidu Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Baidu's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Baidu Business Description

Address
No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, CHN, 100085
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

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