BILIBILI INC-SPONSORED ADR (BILI) Stock Fundamental Analysis
NASDAQ:BILI - Nasdaq - US0900401060 - ADR - Currency: USD
We assign a fundamental rating of 4 out of 10 to BILI. BILI was compared to 70 industry peers in the Interactive Media & Services industry. While BILI seems to be doing ok healthwise, there are quite some concerns on its profitability. BILI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
BILI had positive earnings in the past year.
BILI had a positive operating cash flow in the past year.
In the past 5 years BILI always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: BILI reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of BILI (-4.12%) is comparable to the rest of the industry.
BILI has a Return On Equity of -9.55%. This is comparable to the rest of the industry: BILI outperforms 48.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.12% | ||
| ROE | -9.55% | ||
| ROIC | N/A |
ROA(3y)-12.19%
ROA(5y)-12.45%
ROE(3y)-30.75%
ROE(5y)-32.63%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BILI has a worse Gross Margin (32.70%) than 80.00% of its industry peers.
In the last couple of years the Gross Margin of BILI has grown nicely.
The Profit Margin and Operating Margin are not available for BILI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 32.7% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.17%
GM growth 5Y13.25%
2. Health
2.1 Basic Checks
BILI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BILI has been increased compared to 1 year ago.
Compared to 5 years ago, BILI has more shares outstanding
The debt/assets ratio for BILI has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.54, we must say that BILI is in the distress zone and has some risk of bankruptcy.
BILI has a Altman-Z score (1.54) which is comparable to the rest of the industry.
The Debt to FCF ratio of BILI is 1.14, which is an excellent value as it means it would take BILI, only 1.14 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.14, BILI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
A Debt/Equity ratio of 0.34 indicates that BILI is not too dependend on debt financing.
BILI has a Debt to Equity ratio of 0.34. This is in the lower half of the industry: BILI underperforms 60.00% of its industry peers.
Although BILI does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 1.14 | ||
| Altman-Z | 1.54 |
ROIC/WACCN/A
WACC7.21%
2.3 Liquidity
BILI has a Current Ratio of 1.34. This is a normal value and indicates that BILI is financially healthy and should not expect problems in meeting its short term obligations.
BILI has a worse Current ratio (1.34) than 70.00% of its industry peers.
A Quick Ratio of 1.34 indicates that BILI should not have too much problems paying its short term obligations.
The Quick ratio of BILI (1.34) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
BILI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 126.86%, which is quite impressive.
The Revenue has grown by 21.83% in the past year. This is a very strong growth!
Measured over the past years, BILI shows a very strong growth in Revenue. The Revenue has been growing by 31.68% on average per year.
EPS 1Y (TTM)126.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%180.19%
Revenue 1Y (TTM)21.83%
Revenue growth 3Y11.45%
Revenue growth 5Y31.68%
Sales Q2Q%23.63%
3.2 Future
The Earnings Per Share is expected to grow by 210.16% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.96% on average over the next years. This is quite good.
EPS Next Y6951.15%
EPS Next 2Y943.51%
EPS Next 3Y419.03%
EPS Next 5Y210.17%
Revenue Next Year13.34%
Revenue Next 2Y11.01%
Revenue Next 3Y10.13%
Revenue Next 5Y11.96%
3.3 Evolution
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 73.54, which means the current valuation is very expensive for BILI.
BILI's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.35, BILI is valued quite expensively.
A Price/Forward Earnings ratio of 18.39 indicates a rather expensive valuation of BILI.
BILI's Price/Forward Earnings ratio is in line with the industry average.
BILI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.20.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.54 | ||
| Fwd PE | 18.39 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BILI.
BILI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BILI is cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.29 | ||
| EV/EBITDA | 38.63 |
4.3 Compensation for Growth
BILI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BILI's earnings are expected to grow with 419.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y943.51%
EPS Next 3Y419.03%
5. Dividend
5.1 Amount
BILI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.12
-0.31 (-1.6%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryInteractive Media & Services
Earnings (Last)
Earnings (Next)
Inst Owners18.19%
Inst Owner Change-11.33%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap7.87B
Analysts81.67
Price Target25.62 (34%)
Short Float %5.7%
Short Ratio3.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.01%
Min EPS beat(2)-7.94%
Max EPS beat(2)9.96%
EPS beat(4)3
Avg EPS beat(4)7.41%
Min EPS beat(4)-7.94%
Max EPS beat(4)14.41%
EPS beat(8)6
Avg EPS beat(8)7.47%
EPS beat(12)9
Avg EPS beat(12)5.31%
EPS beat(16)13
Avg EPS beat(16)7.06%
Revenue beat(2)1
Avg Revenue beat(2)-0.15%
Min Revenue beat(2)-0.73%
Max Revenue beat(2)0.42%
Revenue beat(4)1
Avg Revenue beat(4)-0.84%
Min Revenue beat(4)-1.54%
Max Revenue beat(4)0.42%
Revenue beat(8)1
Avg Revenue beat(8)-1.47%
Revenue beat(12)1
Avg Revenue beat(12)-1.55%
Revenue beat(16)3
Avg Revenue beat(16)-1.09%
PT rev (1m)-0.69%
PT rev (3m)10.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-31.19%
EPS NY rev (1m)0%
EPS NY rev (3m)2.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.54 | ||
| Fwd PE | 18.39 | ||
| P/S | 2.11 | ||
| P/FCF | 13.29 | ||
| P/OCF | 9.41 | ||
| P/B | 4.01 | ||
| P/tB | 6.92 | ||
| EV/EBITDA | 38.63 |
EPS(TTM)0.26
EY1.36%
EPS(NY)1.04
Fwd EY5.44%
FCF(TTM)1.44
FCFY7.52%
OCF(TTM)2.03
OCFY10.62%
SpS9.06
BVpS4.76
TBVpS2.76
PEG (NY)0.01
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.12% | ||
| ROE | -9.55% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 32.7% | ||
| FCFM | 15.88% |
ROA(3y)-12.19%
ROA(5y)-12.45%
ROE(3y)-30.75%
ROE(5y)-32.63%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.17%
GM growth 5Y13.25%
F-Score7
Asset Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 1.14 | ||
| Debt/EBITDA | 4.92 | ||
| Cap/Depr | 75.43% | ||
| Cap/Sales | 6.54% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 612.03% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 1.54 |
F-Score7
WACC7.21%
ROIC/WACCN/A
Cap/Depr(3y)68.74%
Cap/Depr(5y)97.45%
Cap/Sales(3y)8.32%
Cap/Sales(5y)12.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)126.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%180.19%
EPS Next Y6951.15%
EPS Next 2Y943.51%
EPS Next 3Y419.03%
EPS Next 5Y210.17%
Revenue 1Y (TTM)21.83%
Revenue growth 3Y11.45%
Revenue growth 5Y31.68%
Sales Q2Q%23.63%
Revenue Next Year13.34%
Revenue Next 2Y11.01%
Revenue Next 3Y10.13%
Revenue Next 5Y11.96%
EBIT growth 1Y73.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year398.76%
EBIT Next 3Y86.92%
EBIT Next 5Y52.4%
FCF growth 1Y500.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2155.95%
OCF growth 3YN/A
OCF growth 5Y98.62%