Alibaba Group Holding Ltd - ADR

Alibaba Group Holding Ltd - ADR

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Market Cap$270.67B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Alibaba Group Holding Ltd - ADRAlibaba Group Holding Ltd - ADR18.10.93%8%0.30.3

Earnings Call Q4 2026

May 13, 2026 - AI Summary

AI + Cloud is clearly accelerating and management sees an “inflection → scale” phase - Group total revenue: RMB 243.4B (+11% YoY, like-for-like excluding Sun Art & Intime). - Cloud Intelligence Group external revenue: +40% YoY; AI-related product revenue: triple-digit growth for the 11th consecutive quarter. - AI-related product revenue run-rate: annualized ~RMB 35.8B; AI products are ~30% of external cloud revenue. - Forecast/outlook: management expects AI-related product revenue to cross 50% of Cloud external revenue in ~1 year, making AI the primary growth engine; expects Cloud external growth to accelerate beyond the current 40% rate. - Why it matters: AI-related software/services are positioned as a higher-growth, higher-quality margin stream versus traditional compute/storage.
MaaS / Model Studio ARR target disclosed for the first time—strong opportunity but relies on scaling compute - Management provided their first disclosed ARR figure/trajectory: Model and application services ARR (incl. Model Studio) - >RMB 10B annualized in the June quarter - ~RMB 30B by year-end - Revenue mix on MaaS: mainly API/model usage on the Bailian (Model Studio) platform for now; platform is open to both Alibaba proprietary models (e.g., Qwen, voice/video) and third-party/open models. - Surprising / positive: despite “agentic” trends (higher inference cost), management claims customer willingness and pricing are improving (token price hikes cited) and that there is still supply scarcity—many customers are waiting to access services. - Implication for investors: if token demand keeps outpacing supply, MaaS growth could remain strong; if compute supply expands slower than demand, upside remains but margin dynamics depend on supply cost.
Infrastructure moat: T-Head GPUs and chip supply scaling are central to margin and capacity - T-Head proprietary GPU chips are in scaled “MaaS production”: >60% of compute capacity already serving external customers across Internet, financial services, autonomous driving. - Management emphasizes being the only China AI cloud provider with self-developed AI chips at scale, aiming to improve autonomy of compute supply and support gross margin uplift. - Forward-looking margin expectation: management expects material gross margin improvement as MaaS scales and as T-Head deployment ramps; specifically, they suggested better margins could start appearing in ~1–2 quarters, with higher gross margin over the next 2–3 years. - But: they also acknowledged chip/memory physical constraints and cost inflation (cost of deploying new servers cited as >2x vs a year ago, i.e., over 100%).

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$193.33

Target Price by Analysts

71.4% upsideAlibaba Group Holding Target Price DetailsTarget Price
$184.45

Current Fair Value

63.5% upside

Undervalued by 63.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$270.67 Billion
Enterprise Value$433.90 Billion
Dividend Yield$3.05 (0.93%)
Earnings per Share$45.6
Beta0.46
Outstanding Shares2,321,000,000

Return

Return on Equity7.71%ROE
Return on Assets4.28%
Return on Invested Capital6.83%

Valuation & Multiples

P/E Ratio18.1P/E Ratio
PEG-25.63PEG
Price to Sales0.32Price to Sales
Price to Book Ratio0.23Price to Book Ratio
Enterprise Value to Revenue0.53
Enterprise Value to EBIT4.45
Enterprise Value to Net Income5
Total Debt to Enterprise0.77
Debt to Equity0.32Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 21, 2026
EPS Estimate
$0.99
Average shareholder expectation
Revenue Estimate
$35.78 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 28, 2026
EPS Estimate
$1.48
Average shareholder expectation
Revenue Estimate
$39.76 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9599▼ 5.27%
Total Calls61,580,423▼ 8.18%
Total Puts59,111,469▼ 12.96%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %10.73%▼ 0.62%
Total Invested$41.69B▲ 8.05%
Investors Holding1,470▼ 97.00%

ESG Score

No data

About Alibaba Group Holding Ltd

CEO: Yong Zhang

Relevant Senate Committees

Finance

This powerful committee controls U.S. taxation and trade policy. Changes in corporate tax laws or trade relations with China (tariffs, restrictions) would directly impact Alibaba's financial performance and market access.

Judiciary

This committee oversees antitrust laws and intellectual property. Given Alibaba's global e-commerce presence and challenges with counterfeits, U.S. IP enforcement and antitrust scrutiny could directly affect its operations and market standing.

Banking, Housing, and Urban Affairs

This committee regulates the SEC, which oversees Alibaba's NYSE listing, financial reporting, and potential delisting risks (e.g., HFCAA), directly impacting its access to U.S. capital markets.

Select Committee on Intelligence

Members receive classified briefings on global threats, including foreign economic and technological influence. As a major Chinese tech company, Alibaba is a likely subject, creating high potential for non-public information affecting its market standing.

Commerce, Science, and Transportation

This committee has vast jurisdiction over 'Big Tech' issues like privacy, consumer protection (FTC), and interstate commerce, which could directly impact Alibaba's U.S. operations and data practices for American users.

Foreign Relations

This committee directly influences U.S. foreign policy towards China, including potential sanctions, trade restrictions, or diplomatic actions that can significantly impact Alibaba's global operations and access to U.S. markets.