A Business at a Glance
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ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 3.7B | 3.7B | 3.2B | 3.2B | 3.0B | 1.7B |
| Net Income | -187M | -187M | -682M | -1.1B | -1.1B | -437M |
| EPS | $-0.57 | $-0.57 | $-2.10 | $-3.58 | $-3.52 | $-1.60 |
| Free Cash Flow | 772M | 772M | 12M | -693M | -561M | 22M |
| ROIC | -14.9% | -7.8% | -33.5% | -31.3% | -17.2% | -18.9% |
| Gross Margin | 32.7% | 32.7% | 24.2% | 17.6% | 20.9% | 23.7% |
| Debt/Equity | 0.23 | 0.23 | 0.00 | 0.57 | 0.82 | 1.11 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -187M | -187M | -716M | -1.2B | -998M | -456M |
| Operating Margin | -5.0% | -5.0% | -22.5% | -38.2% | -33.2% | -26.2% |
| ROE | -9.5% | -9.5% | -33.5% | -49.2% | -31.3% | -39.6% |
| Shares Outstanding | 328M | 328M | 656M | 649M | 621M | 615M |
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 366M | 623M | 982M | 1.7B | 3.0B | 3.2B | 3.2B | 3.7B | 3.7B |
| Gross Margin | 22.2% | 20.7% | 17.6% | 23.7% | 20.9% | 17.6% | 24.2% | 32.7% | 32.7% |
| R&D | 42M | 81M | 130M | 219M | 441M | 707M | 632M | 513M | 513M |
| SG&A | 39M | 70M | 86M | 142M | 285M | 374M | 300M | 283M | 283M |
| EBIT | -33M | -110M | -217M | -456M | -998M | -1.2B | -716M | -187M | -187M |
| Op. Margin | -9.1% | -17.7% | -22.1% | -26.2% | -33.2% | -38.2% | -22.5% | -5.0% | -5.0% |
| Net Income | -85M | -93M | -187M | -437M | -1.1B | -1.1B | -682M | -187M | -187M |
| Net Margin | -23.2% | -14.9% | -19.0% | -25.1% | -35.0% | -34.2% | -21.4% | -5.0% | -5.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | -5.1% | -8.9% | -12.3% | -18.9% | -17.2% | -31.3% | -33.5% | -7.8% | -14.9% |
| ROE | N/A | -8.9% | -18.4% | -39.6% | -31.3% | -49.2% | -33.5% | -9.5% | -9.5% |
| ROA | -16.5% | -5.9% | -9.9% | -12.6% | -13.0% | -17.9% | -14.5% | -4.1% | -4.1% |
| Cash Flow | |||||||||
| Op. Cash Flow | 69M | 111M | 28M | 109M | -411M | -580M | 38M | 837M | 837M |
| Free Cash Flow | 47M | 67M | -15M | 22M | -561M | -693M | 12M | 772M | 772M |
| Owner Earnings | 51M | 69M | -25M | 5.9M | -649M | -847M | -225M | 604M | 604M |
| CapEx | 21M | 44M | 43M | 87M | 150M | 113M | 26M | 65M | 65M |
| Maint. CapEx | 5.7M | 15M | 28M | 47M | 84M | 112M | 103M | 77M | 77M |
| Growth CapEx | 16M | 29M | 15M | 40M | 66M | 738K | 0 | 0 | 0 |
| D&A | 5.7M | 15M | 28M | 47M | 84M | 112M | 103M | 77M | 77M |
| CapEx/OCF | N/A | 39.8% | 152.2% | 80.0% | N/A | N/A | 68.2% | 7.7% | 7.7% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 7.3M | 0 | 0 | 0 | 0 | 52M | 0 | 16M | 16M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.3% | N/A | 0.3% | 0.2% |
| Stock-Based Comp | 12M | 27M | 25M | 56M | 155M | 154M | 160M | 155M | 155M |
| Debt Repayment | 0 | 0 | 14M | 15M | 33M | 215M | 287M | 266M | 266M |
| Balance Sheet | |||||||||
| Net Debt | N/A | N/A | -407M | 59M | -745M | -907M | -1.4B | -1.3B | -972M |
| Cash & Equiv. | 113M | 534M | 719M | 678M | 1.2B | 1.5B | 1.0B | 1.4B | 1.4B |
| Long-Term Debt | N/A | N/A | 495M | 1.2B | 2.8B | 1.3B | 91K | 454M | 454M |
| Debt/Equity | -0.72 | 0.47 | 0.48 | 1.11 | 0.82 | 0.57 | 0.00 | 0.23 | 0.23 |
| Interest Coverage | N/A | N/A | -32.1 | -28.9 | -41.4 | -33.3 | -30.7 | -15.1 | -15.1 |
| Equity | -288M | 1.0B | 1.0B | 1.1B | 3.4B | 2.3B | 2.0B | 2.0B | 2.0B |
| Total Assets | 515M | 1.6B | 2.2B | 3.5B | 8.1B | 6.2B | 4.7B | 4.5B | 4.5B |
| Total Liabilities | 207M | 498M | 1.1B | 2.3B | 4.7B | 3.9B | 2.7B | 2.6B | 2.6B |
| Intangibles | 7.6M | 142M | 147M | 188M | 363M | 404M | 385M | 379M | 379M |
| Retained Earnings | 604K | 1.2M | 2.0M | 2.6M | 3.8M | 5.4M | 6.3M | 6.8M | 6.8M |
| Working Capital | 112M | 491M | 877M | 1.2B | 3.8B | 1.1B | 88M | 695M | 695M |
| Current Assets | 319M | 989M | 1.5B | 2.3B | 5.7B | 3.6B | 2.6B | 2.7B | 2.7B |
| Current Liabilities | 207M | 498M | 619M | 1.1B | 1.9B | 2.5B | 2.6B | 2.1B | 2.1B |
| Per Share Data | |||||||||
| EPS | -1.54 | -0.51 | -0.73 | -1.60 | -3.52 | -3.58 | -2.10 | -0.57 | -0.57 |
| Owner EPS | 0.10 | 0.12 | -0.04 | 0.01 | -1.05 | -1.30 | -0.34 | 1.84 | 1.84 |
| Book Value | -0.59 | 1.89 | 1.84 | 1.79 | 5.42 | 3.48 | 3.10 | 5.98 | 5.98 |
| Cash Flow/Share | 0.14 | 0.20 | 0.05 | 0.18 | -0.66 | -0.89 | 0.06 | 2.55 | -0.34 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 490.8M | 554.2M | 554.2M | 615.1M | 621.4M | 649.1M | 656.0M | 328.3M | 328.3M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -42.9 |
| P/FCF | N/A | 118.9 | N/A | N/A | N/A | N/A | 648.5 | 8.0 | 10.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 7.6 | 9.9 | 45.4 | 8.2 | 6.5 | 3.8 | 3.2 | 4.1 |
| Price/Sales | N/A | 11.9 | 9.1 | 13.9 | 19.8 | 4.8 | 3.7 | 1.3 | 2.2 |
| FCF Yield | N/A | 0.8% | -0.1% | 0.0% | -2.0% | -4.7% | 0.2% | 12.5% | 9.6% |
| Market Cap | N/A | 8.0B | 10.1B | 50.1B | 27.5B | 14.8B | 7.8B | 6.2B | 8.0B |
| Avg. Price | N/A | 13.34 | 16.18 | 39.26 | 95.82 | 24.03 | 17.73 | 15.24 | 24.47 |
| Year-End Price | N/A | 14.37 | 18.24 | 81.38 | 44.33 | 22.76 | 11.84 | 18.84 | 24.47 |
Bilibili Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 10.4x vs a median of 8.0x. The company's 5-year average gross margin is 23.8%. Total shareholder yield (buybacks) is 0.2%. At current prices, the estimated annualized return to fair value is +103.1%.
Bilibili Inc. (BILI) has a 5-year average return on invested capital (ROIC) of -21.7%. This is below average and may indicate limited pricing power.
Bilibili Inc. (BILI) has a market capitalization of $8.0B. It is classified as a mid-cap stock.
Bilibili Inc. (BILI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.20%.
Bilibili Inc. (BILI) operates in the Services-Computer Processing & Data Preparation industry, within the Technology sector.
Bilibili Inc. (BILI) reported annual revenue of $3.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Bilibili Inc. (BILI) has a net profit margin of -5.0%. The company is currently unprofitable.
Bilibili Inc. (BILI) generated $772 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Bilibili Inc. (BILI) has a debt-to-equity ratio of 0.23. This indicates a conservatively financed balance sheet.
Bilibili Inc. (BILI) reported earnings per share (EPS) of $-0.57 in its most recent fiscal year.
Bilibili Inc. (BILI) has a return on equity (ROE) of -9.5%. A negative ROE may indicate losses or negative equity.
Bilibili Inc. (BILI) has a 5-year average gross margin of 23.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 8 years of financial data for Bilibili Inc. (BILI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Bilibili Inc. (BILI) has a book value per share of $5.98, based on its most recent annual SEC filing.