Tearsheet

Alibaba (BABA)


Market Price (10/21/2025): $174.1 | Market Cap: $404.1 Bil
Sector: Consumer Discretionary | Industry: Broadline Retail

Alibaba (BABA)


Market Price (10/21/2025): $174.1
Market Cap: $404.1 Bil
Sector: Consumer Discretionary
Industry: Broadline Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 36%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 32%, FCF Yield is 37%
  
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -46%
  
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 151 Bil, FCF LTM is 151 Bil
  
3 Low stock price volatility
Vol 12M is 49%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 36%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 32%, FCF Yield is 37%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -46%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 151 Bil, FCF LTM is 151 Bil
3 Low stock price volatility
Vol 12M is 49%

Market Valuation & Key Metrics

BABA Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
BABA Return10%-49%-26%-11%12%108%-17%
Peers Return104%19%-39%24%12%34%177%
S&P 500 Return16%27%-19%24%23%15%106%

Monthly Win Rates [3]
BABA Win Rate67%33%50%42%50%67% 
Peers Win Rate65%55%32%62%52%62% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
BABA Max Drawdown-17%-52%-47%-19%-12%-5% 
Peers Max Drawdown-24%-12%-51%-14%-18%-16% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: GOOGL, AMZN, BIDU, EBAY, ETSY. See BABA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/20/2025 (YTD)

Downturns Compared

Unique KeyEventBABAS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-76.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven328.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-30.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven42.9%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-38.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven61.5%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven351 days120 days


How Low Can It Go?

Alibaba's stock fell -76.7% during the 2022 Inflation Shock from a high on 2/17/2021. A -76.7% loss requires a 328.9% gain to breakeven.

Preserve Wealth

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Asset Allocation

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Better Bets than Alibaba (BABA)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to BABA. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-20.0%-20.0%-20.0%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.5%-1.5%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-6.8%-6.8%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.5%0.5%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-8.1%-8.1%-11.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-20.0%-20.0%-20.0%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.5%-1.5%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-6.8%-6.8%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.5%0.5%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-8.1%-8.1%-11.7%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Alibaba

Financials

BABAGOOGLAMZNBIDUEBAYETSYMedian
NameAlibaba Alphabet Amazon.c.Baidu eBay Etsy  
Mkt Price173.47256.55216.48122.1295.6571.34147.80
Mkt Cap402.73,109.92,302.741.544.77.4223.7
Rev LTM1,000,763371,399670,038132,84610,3122,838252,122
Op Inc LTM146,075121,37076,19017,6272,30339846,908
FCF LTM150,54566,72813,481-2432,1286357,804
FCF 3Y Avg177,55266,20321,67722,5211,94866022,099
CFO LTM150,545133,708121,137-2432,58669061,862
CFO 3Y Avg177,552112,63696,97722,5212,42370559,749

Growth & Margins

BABAGOOGLAMZNBIDUEBAYETSYMedian
NameAlibaba Alphabet Amazon.c.Baidu eBay Etsy  
Rev Chg LTM5.3%13.1%10.9%-1.5%1.5%2.4%3.8%
Rev Chg 3Y Avg5.5%10.2%11.3%2.6%0.2%5.6%5.5%
Rev Chg Q1.8%13.8%13.3%-3.6%1.1%3.8%2.8%
QoQ Delta Rev Chg LTM0.4%3.2%3.0%-0.9%0.3%0.9%0.7%
Op Mgn LTM14.6%32.7%11.4%13.3%22.3%14.0%14.3%
Op Mgn 3Y Avg13.5%29.4%7.9%15.3%21.6%13.4%14.4%
QoQ Delta Op Mgn LTM-0.2%0.0%0.3%-1.9%-0.2%0.1%-0.1%
CFO/Rev LTM15.0%36.0%18.1%-0.2%25.1%24.3%21.2%
CFO/Rev 3Y Avg18.9%34.1%15.8%17.0%24.0%25.5%21.4%
FCF/Rev LTM15.0%18.0%2.0%-0.2%20.6%22.4%16.5%
FCF/Rev 3Y Avg18.9%20.3%3.5%17.0%19.3%23.9%19.1%

Valuation

BABAGOOGLAMZNBIDUEBAYETSYMedian
NameAlibaba Alphabet Amazon.c.Baidu eBay Etsy  
Mkt Cap402.73,109.92,302.741.544.77.4223.7
P/S0.48.43.40.34.32.63.0
P/EBIT2.222.227.01.217.017.517.2
P/E2.826.932.61.521.944.924.4
P/CFO2.723.319.0-170.917.310.714.0
Total Yield36.3%4.0%3.1%67.1%5.7%2.2%4.9%
Dividend Yield0.0%0.3%0.0%0.0%1.2%0.0%0.0%
FCF Yield 3Y Avg84.8%3.5%1.1%61.0%6.9%9.5%8.2%
D/E0.60.00.12.20.20.40.3
Net D/E-0.5-0.00.0-0.80.10.2-0.0

Returns

BABAGOOGLAMZNBIDUEBAYETSYMedian
NameAlibaba Alphabet Amazon.c.Baidu eBay Etsy  
1M Rtn6.5%0.7%-6.5%-9.8%5.0%9.8%2.9%
3M Rtn44.2%35.1%-5.6%37.5%21.4%18.1%28.2%
6M Rtn60.1%74.1%29.4%47.2%46.8%60.2%53.7%
12M Rtn72.2%57.7%14.5%29.4%49.6%38.4%44.0%
3Y Rtn153.0%155.4%81.4%33.9%164.2%-29.3%117.2%
1M Excs Rtn5.5%-0.3%-7.5%-10.8%3.9%8.7%1.8%
3M Excs Rtn37.0%27.5%-11.6%25.3%10.6%5.3%18.0%
6M Excs Rtn29.6%43.5%-1.2%16.6%16.2%29.6%23.1%
12M Excs Rtn57.4%40.7%0.6%12.9%29.9%20.5%25.2%
3Y Excs Rtn59.9%77.2%8.9%-69.6%83.8%-109.5%34.4%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity42,771,644
Short Interest: % Change Since 9152025-2.7%
Average Daily Volume23,600,426
Days-to-Cover Short Interest1.81
Basic Shares Quantity2,321,250,000
Short % of Basic Shares1.8%

SEC Filings

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Report DateFiling DateFiling
630202582920256-K 6/30/2025
3312025626202520-F 3/31/2025
1231202422020256-K 12/31/2024
9302024111820246-K 9/30/2024
630202481520246-K 6/30/2024
3312024523202420-F 3/31/2024
1231202320720246-K 12/31/2023
9302023111620236-K 9/30/2023
630202381020236-K 6/30/2023
3312023721202320-F 3/31/2023
1231202222320236-K 12/31/2022
9302022111720226-K 9/30/2022
630202280420226-K 6/30/2022
3312022726202220-F 3/31/2022
1231202122420226-K 12/31/2021
9302021111820216-K 9/30/2021

Insider Activity

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