Earnings Highlights and Review: Alibaba’s Posted a Robust Annual Results

Research Desk Line-up: Party City Holdco Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 6, 2017 / Pro-Trader Daily publishes post-earnings coverage on Alibaba Group Holding Ltd (NYSE: BABA) following the Company’s release of its financial results for the fourth quarter fiscal 2017 (Q4 FY17) and full year fiscal 2017 (FY17) on May 18, 2017. The Hangzhou, China-based Company reported a 60% y-o-y growth in total revenue for Q4 FY17, outperforming market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Specialty Retail, Other industry. Pro-TD has currently selected Party City Holdco Inc. (NYSE: PRTY) for due-diligence and potential coverage as the Company announced on May 09, 2017, its financial results for Q1 2017 which ended on March 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Party City Holdco when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on BABA; also brushing on PRTY. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=BABA

http://protraderdaily.com/optin/?symbol=PRTY

Earnings Reviewed

During the quarter ended March 31, 2017, Alibaba’s reported revenues of RMB38.58 billion ($5.61 billion), compared to RMB24.18 billion ($3.75 billion) in the year ago same quarter. Revenues numbers for the reported quarter beat consensus estimate of $5.17 billion.

For the reported quarter, the ecommerce Company’s net income came in at RMB9.85 billion ($1.43 billion) compared to RMB5.31 billion ($824 million) in the year ago corresponding period. The Company reported Q4 FY17 diluted earnings of RMB4.12 per share, or $0.60 per American Depository Share (ADS), versus RMB2.11 per share, or $0.33 per ADS, in Q4 FY16. Furthermore, non-GAAP net income for Q4 FY17 stood at RMB10.44 billion ($1.52 billion), or RMB4.35 per share ($0.63 per ADS), compared to RMB7.56 billion, or RMB2.11 per share, in Q4 FY16. Meanwhile, Wall-Street had expected the Company to report non-GAAP net income of $0.65 per ADS.

Alibaba’s annual revenue grew 56% y-o-y during FY17 to RMB158.27 billion ($22.99 billion). The Company’s non-GAAP net income for FY17 came in at RMB57.87 billion ($8.41 billion), or RMB23.44 per share ($3.41 per ADS), versus RMB42.79 billion, or RMB16.77 per share, in FY16.

Operating Metrics

In Q4 FY17, the Company reported income from operations of RMB9.53 billion ($1.39 billion), compared to RMB5.11 billion ($793 million) in prior year’s comparable quarter. Operating margin improved during Q4 FY17 to 25% of revenues from 21% of revenues in the year ago same period. The Company’s adjusted EBITDA also rose to RMB16.60 billion ($2.41 billion) in Q4 FY17 from RMB11.50 billion ($1.78 billion) in Q4 FY16. However, adjusted EBITDA margin fell to 43% of revenues in Q4 FY17 from 48% of revenues in the last year’s comparable quarter.

The Company’s China retail marketplaces had 454 million annual active buyers in the 12 months ended March 31, 2017, compared to 423 million in the 12 months ended March 31, 2016. Mobile monthly average users (MAU) grew to 507 million as on March 31, 2017, from 410 million as on March 31, 2016. Furthermore, annualized mobile revenue per mobile MAU from China commerce retail was RMB179 ($26), compared to RMB123 ($19) in the quarter ended March 31, 2016.

Segment-wise

Core Commerce segment’s revenues in Q4 FY17 were RMB31.57 billion ($4.59 billion), up 47% y-o-y. The segment reported adjusted EBITA of RMB18.58 billion, or 59% of revenue in Q4 FY17 compared to RMB12.69 billion, or 59% of revenue, in Q4 FY16.

During Q4 FY17, Cloud Computing segment reported revenues of RMB2.16 billion ($314 million), up 103% y-o-y. Meanwhile, the segment reported negative adjusted EBITA of RMB169 million in Q4 FY17 compared to negative EBITA of RMB166 million in Q4 FY16

Alibaba’s Digital Media and Entertainment segment’s revenues during Q4 FY17 came in at RMB3.93 billion ($571 million), up 234% y-o-y. Furthermore, Innovation Initiatives and Others segment revenues grew 88% y-o-y to RMB919 million ($133 million) in Q4 FY17.

Balance Sheet & Cash Flow

For Q4 FY17, Alibaba’s cash flow from operations was RMB10.75 billion ($1.56 billion) compared with RMB5.08 billion ($788 million) in the prior year’s same quarter. The Company reported free cash flow of RMB7.98 billion ($1.16 billion) in Q4 FY17 versus RMB4.39 billion ($681 million) in Q4 FY16. Furthermore, the Company ended the quarter with cash and cash equivalents balance of RMB143.74 billion ($20.88 billion) against RMB106.82 billion ($16.57 billion) as of March 31, 2016. The Company’s non-current bank borrowings increased to RMB30.96 billion ($4.50 billion) as on March 31, 2017, from RMB1.87 billion ($290 million) as of March 31, 2016.

Stock Performance

On Monday, June 05, 2017, the stock closed the trading session at $125.37, rising 1.00% from its previous closing price of $124.13. A total volume of 10.03 million shares have exchanged hands. Alibaba Group’s stock price skyrocketed 8.21% in the last one month, 39.52% in the past six months, and 63.63% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 42.77%. The stock is trading at a PE ratio of 50.23 and currently has a market cap of $309.76 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 464924