(IQ) iQIYI - Overview
Sector: Communication Services | Industry: Entertainment | Exchange: NASDAQ (USA) | Market Cap: 1.052m USD | Total Return: -30.3% in 12m
Avg Turnover: 6.43M
Qual. Beats: 0
Rev. Trend: -78.1%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -0.4 is critical
Altman Z'' -15.00 < 1.0 - financial distress zone
Tailwinds
Shakeout
iQIYI, Inc. operates a leading online entertainment platform in China, specializing in the production and distribution of long-form video content. The company utilizes a diversified revenue model consisting of subscription memberships, brand advertising, and content sub-licensing to third parties. Its library includes a mix of self-produced original titles and professionally licensed content, supplemented by talent management and intellectual property licensing services.
As a subsidiary of Baidu Holdings Limited, iQIYI functions within the competitive freemium video streaming sector, where high content acquisition costs often dictate profit margins. The platform has increasingly shifted focus toward high-quality in-house productions to reduce reliance on external licensing fees and improve user retention. Investors can monitor these shifting operational metrics and valuation trends by visiting ValueRay.
The companys service offerings extend beyond traditional video to include micro-dramas, mobile games, and digital comics. Headquartered in Beijing, iQIYI serves as a primary vehicle for long-form digital media consumption in the Chinese market, competing directly with platforms like Tencent Video and Youku.
- Subscription revenue growth depends on original content hits and membership pricing power
- Advertising revenue fluctuates with Chinese macroeconomic conditions and brand marketing spend
- Content production costs and licensing fees impact operating margins and profitability
- Regulatory oversight of digital content and censorship affects platform output stability
- Strategic integration with Baidu ecosystem facilitates user acquisition and technological scaling
| Net Income: -96.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -4.80 > 1.0 |
| NWC/Revenue: -557.7% < 20% (prev -45.06%; Δ -512.6% < -1%) |
| CFO/TA -0.01 > 3% & CFO -47.9m > Net Income -96.6m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (965.2m) vs 12m ago -0.35% < -2% |
| Gross Margin: 18.82% > 18% (prev 0.24%; Δ 1.86k% > 0.5%) |
| Asset Turnover: 13.78% > 50% (prev 60.45%; Δ -46.67% > 0%) |
| Interest Coverage Ratio: -0.39 > 6 (EBITDA TTM -37.9m / Interest Expense TTM 125.3m) |
| A: -3.09 (Total Current Assets 1.41b - Total Current Liabilities 22.1b) / Total Assets 6.68b |
| B: -0.96 (Retained Earnings -6.41b / Total Assets 6.68b) |
| C: -0.00 (EBIT TTM -48.6m / Avg Total Assets 26.9b) |
| D: -1.30 (Book Value of Equity -6.23b / Total Liabilities 4.80b) |
| Altman-Z'' = -24.79 = D |
| DSRI: 1.16 (Receivables 400.3m/2.65b, Revenue 3.71b/28.5b) |
| GMI: 1.26 (GM 18.82% / 23.72%) |
| AQI: 1.03 (AQ_t 0.76 / AQ_t-1 0.74) |
| SGI: 0.13 (Revenue 3.71b / 28.5b) |
| TATA: -0.01 (NI -96.6m - CFO -47.9m) / TA 6.68b) |
| Beneish M = -3.27 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at USD 1.13 with a total of 11,838,758 shares traded.
Over the past week, the price has changed by +2.73%,
over one month by +1.80%,
over three months by -29.38% and
over the past year by -30.25%.
iQIYI has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy IQ.
- StrongBuy: 10
- Buy: 2
- Hold: 10
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 1.5 | 36.3% |
Market Cap CNY = 7.13b (1.05b USD * 6.7791 USD.CNY)
P/E Forward = 109.8901
P/S = 0.0399
P/B = 0.5475
P/EG = 2.4831
Revenue TTM = 3.71b CNY
EBIT TTM = -48.6m CNY
EBITDA TTM = -37.9m CNY
Long Term Debt = 10.3b CNY (from longTermDebt, last quarter)
Short Term Debt = 515.8m CNY (from shortTermDebt, last quarter)
Debt = 11.3b CNY (corrected: LT Debt 10.3b + ST Debt 515.8m) + Leases 411.6m
Net Debt = 10.7b CNY (calculated: Debt 11.3b - CCE 577.5m)
Enterprise Value = 17.8b CNY (7.13b + Debt 11.3b - CCE 577.5m)
Interest Coverage Ratio = -0.39 (Ebit TTM -48.6m / Interest Expense TTM 125.3m)
EV/FCF = -148.0x (Enterprise Value 17.8b / FCF TTM -120.4m)
FCF Yield = -0.68% (FCF TTM -120.4m / Enterprise Value 17.8b)
FCF Margin = -3.25% (FCF TTM -120.4m / Revenue TTM 3.71b)
Net Margin = -2.61% (Net Income TTM -96.6m / Revenue TTM 3.71b)
Gross Margin = 18.82% ((Revenue TTM 3.71b - Cost of Revenue TTM 3.01b) / Revenue TTM)
Gross Margin QoQ = 15.94% (prev 20.87%)
Tobins Q-Ratio = 2.66 (Enterprise Value 17.8b / Total Assets 6.68b)
Interest Expense / Debt = 1.11% (Interest Expense 125.3m / Debt 11.3b)
Taxrate = 21.0% (US default 21%)
NOPAT = -38.4m (EBIT -48.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.06 (Total Current Assets 1.41b / Total Current Liabilities 22.1b)
Debt / Equity = 5.95 (Debt 11.3b / totalStockholderEquity, last quarter 1.89b)
Debt / EBITDA = -281.7 (out of range, set to none) (Net Debt 10.7b / EBITDA -37.9m)
Debt / FCF = -88.74 (negative FCF - burning cash) (Net Debt 10.7b / FCF TTM -120.4m)
Total Stockholder Equity = 10.5b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.36% (Net Income -96.6m / Total Assets 6.68b)
RoE = -0.57% (Net Income TTM -96.6m / Total Stockholder Equity 16.9b)
RoCE = -0.18% (EBIT -48.6m / Capital Employed (Equity 16.9b + L.T.Debt 10.3b))
RoIC = -0.94% (negative operating profit) (NOPAT -38.4m / Invested Capital 4.07b)
WACC = 4.64% (E(7.13b)/V(18.4b) * Re(10.58%) + D(11.3b)/V(18.4b) * Rd(1.11%) * (1-Tc(0.21)))
Discount Rate = 10.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -40.45 | Cagr: -0.46%
[DCF] Fair Price = unknown (Cash Flow -120.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.30 | # QB: 0
Revenue Correlation: -78.12 | Revenue CAGR: -43.57% | SUE: -0.56 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.09 | Chg30d=-171.00% | Revisions=+20% | Analysts=6
EPS next Quarter (2026-09-30): EPS=-0.01 | Chg30d=-105.45% | Revisions=-20% | Analysts=4
EPS current Year (2026-12-31): EPS=-0.10 | Chg30d=-116.10% | Revisions=-50% | GrowthEPS=-135.2% | GrowthRev=-4.8%
EPS next Year (2027-12-31): EPS=0.56 | Chg30d=-54.30% | Revisions=-56% | GrowthEPS=+650.3% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: -56%