(BILI) Bilibili - Overview

Sector: Communication Services | Industry: Internet Content & Information | Exchange: NASDAQ (USA) | Market Cap: 8.178m USD | Total Return: -3.5% in 12m

Online Video, Mobile Games, Live Streaming, Advertising, E-commerce
Total Rating 26
Safety 27
Buy Signal -0.35
Internet Content & Information
Industry Rotation: -15.8
Market Cap: 8.18B
Avg Turnover: 46.4M
Risk 3d forecast
Volatility59.7%
VaR 5th Pctl9.80%
VaR vs Median-0.41%
Reward TTM
Sharpe Ratio0.09
Rel. Str. IBD4.4
Rel. Str. Peer Group11.5
Character TTM
Beta0.976
Beta Downside1.187
Hurst Exponent0.564
Drawdowns 3y
Max DD53.12%
CAGR/Max DD0.04
CAGR/Mean DD0.08
EPS (Earnings per Share) EPS (Earnings per Share) of BILI over the last years for every Quarter: "2021-03": -1.87, "2021-06": -2.23, "2021-09": -4.16, "2021-12": -4.22, "2022-03": -4.2, "2022-06": -4.98, "2022-09": -4.46, "2022-12": -3.33, "2023-03": -2.51, "2023-06": -2.33, "2023-09": -2.12, "2023-12": -1.34, "2024-03": -1.06, "2024-06": -0.65, "2024-09": 0.57, "2024-12": 1.07, "2025-03": 0.85, "2025-06": 1.29, "2025-09": 1.75, "2025-12": 1.94, "2026-03": null,
Last SUE: 1.87
Qual. Beats: 2
Revenue Revenue of BILI over the last years for every Quarter: 2021-03: 4495.254, 2021-06: 4495.254, 2021-09: 5206.574, 2021-12: 5780.783, 2022-03: 5054.099, 2022-06: 4908.931, 2022-09: 5793.651, 2022-12: 6142.486, 2023-03: 5069.611, 2023-06: 5304.199, 2023-09: 5805.081, 2023-12: 6349.096, 2024-03: 5664.6, 2024-06: 6127.144, 2024-09: 7305.62, 2024-12: 7734.161, 2025-03: 7003.248, 2025-06: 7337.69, 2025-09: 7685.461, 2025-12: 8206.514898, 2026-03: 8206.514898,
Rev. CAGR: 15.32%
Rev. Trend: 98.4%
Last SUE: 0.24
Qual. Beats: 0

Warnings

Altman Z'' -1.74 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: BILI Bilibili

Bilibili Inc. is a Shanghai-based digital entertainment platform targeting younger demographics in China. The company operates a diversified ecosystem centered on Professional User Generated Video (PUGV), supplemented by mobile games, live broadcasting, and e-commerce through IP derivatives.

The business model relies heavily on community engagement, utilizing a freemium structure where users access core content for free while paying for premium memberships, virtual gifting, and specialized audio-visual courses. Unlike traditional long-form streaming platforms, Bilibilis reliance on PUGV reduces content acquisition costs by leveraging a vast network of independent creators.

The Interactive Home Entertainment sector in China is subject to specific regulatory frameworks regarding domestic game licensing and content moderation. Further analysis of these regulatory impacts is available on ValueRay.

Additional revenue streams include performance and brand advertising, as well as the distribution of comics and mobile titles. Since its founding in 2009, the company has expanded from a niche anime-focused site into a comprehensive multi-category media platform.

Headlines to Watch Out For
  • Monetization efficiency of professional user generated content drives top line revenue growth
  • High margin advertising revenue expansion offsets slowing mobile game segment performance
  • Regulatory shifts in Chinese gaming and livestreaming sectors impact operational compliance costs
  • Path to GAAP profitability hinges on effective content cost and marketing reduction
  • Consumer spending trends among Gen Z demographics dictate value added services growth
Piotroski VR‑10 (Strict) 5.0
Net Income: 1.70b TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.81 > 1.0
NWC/Revenue: 22.99% < 20% (prev 19.43%; Δ 3.56% < -1%)
CFO/TA 0.08 > 3% & CFO 3.29b > Net Income 1.70b
Net Debt (-14.58b) to EBITDA (1.77b): -8.23 < 3
Current Ratio: 1.36 > 1.5 & < 3
Outstanding Shares: last quarter (457.6m) vs 12m ago 8.93% < -2%
Gross Margin: 37.04% > 18% (prev 0.34%; Δ 3.67k% > 0.5%)
Asset Turnover: 84.42% > 50% (prev 84.64%; Δ -0.22% > 0%)
Interest Coverage Ratio: 10.17 > 6 (EBITDA TTM 1.77b / Interest Expense TTM 157.2m)
Altman Z'' -1.74
A: 0.18 (Total Current Assets 27.57b - Total Current Liabilities 20.34b) / Total Assets 41.19b
B: -0.64 (Retained Earnings -26.47b / Total Assets 41.19b)
C: 0.04 (EBIT TTM 1.60b / Avg Total Assets 37.24b)
D: -1.03 (Book Value of Equity -26.47b / Total Liabilities 25.64b)
Altman-Z'' = -1.74 = D
Beneish M -3.02
DSRI: 1.13 (Receivables 1.27b/1.01b, Revenue 31.44b/28.17b)
GMI: 0.93 (GM 37.04% / 34.46%)
AQI: 0.86 (AQ_t 0.31 / AQ_t-1 0.37)
SGI: 1.12 (Revenue 31.44b / 28.17b)
TATA: -0.04 (NI 1.70b - CFO 3.29b) / TA 41.19b)
Beneish M = -3.02 (Cap -4..+1) = AA
What is the price of BILI shares? As of May 22, 2026, the stock is trading at USD 17.58 with a total of 5,444,012 shares traded.
Over the past week, the price has changed by -13.48%, over one month by -24.78%, over three months by -41.07% and over the past year by -3.51%.
Is BILI a buy, sell or hold? Bilibili has received a consensus analysts rating of 4.45. Therefore, it is recommended to buy BILI.
  • StrongBuy: 19
  • Buy: 7
  • Hold: 5
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the BILI price?
Analysts Target Price 31.1 77%
Bilibili (BILI) - Fundamental Data Overview as of 20 May 2026
Market Cap CNY = 55.62b (8.18b USD * 6.8014 USD.CNY)
P/E Trailing = 46.7381
P/E Forward = 21.322
P/S = 0.2695
P/B = 4.0199
P/EG = 0.5116
Revenue TTM = 31.44b CNY
EBIT TTM = 1.60b CNY
EBITDA TTM = 1.77b CNY
Long Term Debt = 4.78b CNY (from longTermDebt, last fiscal year)
Short Term Debt = 4.86b CNY (from shortTermDebt, last quarter)
Debt = 9.64b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -14.58b CNY (recalculated: Debt 9.64b - CCE 24.22b)
Enterprise Value = 41.05b CNY (55.62b + Debt 9.64b - CCE 24.22b)
Interest Coverage Ratio = 10.17 (Ebit TTM 1.60b / Interest Expense TTM 157.2m)
EV/FCF = 12.47x (Enterprise Value 41.05b / FCF TTM 3.29b)
FCF Yield = 8.02% (FCF TTM 3.29b / Enterprise Value 41.05b)
FCF Margin = 10.47% (FCF TTM 3.29b / Revenue TTM 31.44b)
Net Margin = 5.41% (Net Income TTM 1.70b / Revenue TTM 31.44b)
Gross Margin = 37.04% ((Revenue TTM 31.44b - Cost of Revenue TTM 19.79b) / Revenue TTM)
Gross Margin QoQ = 37.47% (prev 37.47%)
Tobins Q-Ratio = 1.00 (Enterprise Value 41.05b / Total Assets 41.19b)
Interest Expense / Debt = 0.41% (Interest Expense 39.8m / Debt 9.64b)
Taxrate = 1.42% (16.7m / 1.18b)
NOPAT = 1.58b (EBIT 1.60b * (1 - 1.42%))
Current Ratio = 1.36 (Total Current Assets 27.57b / Total Current Liabilities 20.34b)
Debt / Equity = 0.62 (Debt 9.64b / totalStockholderEquity, last quarter 15.58b)
Debt / EBITDA = -8.23 (Net Debt -14.58b / EBITDA 1.77b)
Debt / FCF = -4.43 (Net Debt -14.58b / FCF TTM 3.29b)
Total Stockholder Equity = 15.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.57% (Net Income 1.70b / Total Assets 41.19b)
RoE = 11.30% (Net Income TTM 1.70b / Total Stockholder Equity 15.06b)
RoCE = 8.06% (EBIT 1.60b / Capital Employed (Equity 15.06b + L.T.Debt 4.78b))
RoIC = 6.41% (NOPAT 1.58b / Invested Capital 24.60b)
WACC = 8.08% (E(55.62b)/V(65.27b) * Re(9.41%) + D(9.64b)/V(65.27b) * Rd(0.41%) * (1-Tc(0.01)))
Discount Rate = 9.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.89 | Cagr: 4.46%
[DCF] Terminal Value 81.33% ; FCFF base≈2.93b ; Y1≈3.61b ; Y5≈6.17b
[DCF] Fair Price = 352.7 (EV 104.26b - Net Debt -14.58b = Equity 118.84b / Shares 336.9m; r=8.08% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.87 | # QB: 2
Revenue Correlation: 98.39 | Revenue CAGR: 15.32% | SUE: 0.24 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.57 | Chg30d=+0.57% | Revisions=+20% | Analysts=10
EPS current Year (2026-12-31): EPS=7.14 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+21.3% | GrowthRev=+9.4%
EPS next Year (2027-12-31): EPS=9.35 | Chg30d=-0.63% | Revisions=+14% | GrowthEPS=+31.1% | GrowthRev=+9.5%
[Analyst] Revisions Ratio: +20%