Alibaba Group Holding Limited (BABA) stock analysis
Company overview and business model
Source fact: Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally. It operates through the Alibaba China E-Commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and All Others segments. The Alibaba China E-commerce Group segment operates Taobao and Tmall, which are digital retail platforms; Taobao Instant Commerce, a local services and on-demand delivery platform; 1688.com, a domestic wholesale marketplace; and Xianyu, a consumer-to-consumer community and marketplace for idle goods. Its Alibaba International Digital Commerce Group segment includes AliExpress, a global e-commerce platform; Trendyol, an e-commerce platform in Turkey; Lazada, an e-commerce platform in Southeast Asia; Daraz, an e-commerce platform in South Asia, primarily in Pakistan and Bangladesh; and Alibaba.com, an integrated international online wholesale marketplace. The Cloud Intelligence Group segment offers a suite of cloud services based on infrastructure-as-a-service, platform-as-a-service, and model-as-a-service. Its All Others segment comprises Amap, a provider of mobile digital maps, navigation, and real-time traffic information in China; Cainiao, which provides logistics solutions; Youku, an online long-form video platform in China; Freshippo, a retail platform for groceries and fresh goods; and Alibaba Health, a pharmaceutical and healthcare services platform. Alibaba Group Holding Limited was incorporated in 1999 and is based in Hangzhou, China.
Classification: NYSE · Consumer Cyclical · Internet Retail
Revenue and growth
Source fact: Revenue was CNY 1,023.67 billion for the period ending 2026-03-31.
Caverian calculation: Revenue changed +2.7% (FY2026 vs FY2025).
Profitability
Source fact: Net income was CNY 103.59 billion in the latest reported period.
Source metric: Reported net margin was 10.1%.
Balance sheet and liquidity
Source fact: Cash and equivalents were CNY 131.53 billion.
Source fact: Total debt was CNY 281.72 billion.
Source metric: Current ratio was 1.28x.
Cash-flow analysis
Source fact: Operating cash flow was CNY 76.21 billion.
Source fact: Free cash flow was CNY -50.72 billion.
Valuation
Source metrics: Trailing P/E 19.89x; Forward P/E 2.11x.
Caverian model output: Value score was 60/100.
Competitive position
Classification: Peer context: Internet Retail within Consumer Cyclical.
Caverian model output: Quality score was 47/100.
Caverian model output: Growth score was 45/100.
Material risks
Caverian model interpretation: Watch out: the balance sheet looks fragile.
Caverian calculation: Altman Z-score was 1.62 (distress zone).
Caverian calculation: Piotroski F-score was 3/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles