ALIBABA STOCK ANALYSIS

Cash and Investments: $78.723B

Current Liabilities: $2.288B

TTM Net Income CAA Sep 23: $3.797B + $4.735B + $3.203B + $7.239B = $18.974B

Effective P/E @ $77.6 = $197.37B - $78.723B + $2.288B / $18.974B = 6.37

Upside/Target Price: $104.65 (10 x PE) or 35% increase

Downside/5 Year Low Price: $63.15 or 18.6%

Recommendation: Buy for (i) great value, (ii) resilient, sustainable and growing business, and (iii) great reward/risk ratio (upside is 1.9x of downside risk)