Alibaba Q3: Forget About Earnings. Assets Already Attractive Enough
@Envision Research:
Alibaba is scheduled to report its September quarter (CY22 Q3) earnings on 11/17/2022. Investors are waiting anxiously given the many ongoing uncertainties ranging from the COVID situation to domestic politics, and also international geopolitical risks. Hope this article can help to ease your anxiety a bit by taking your focus away from the large uncertainties surrounding its Q3 earnings. You will see that regardless of what may happen to its Q3 earnings, the bulk of its current valuation can be supported just by its main assets as shown in the table below. The table is a SOTP (sum of the parts) analysis based on its most recent financial filings. A few highlights in particular: Currently, more than 54% of its market cap is just current assets ($96.29B out of $178.1B), the asset item that