BABA
Alibaba Group Holding Limited
BABA offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
CSV
Carriage Services, Inc.
CSV has the edge over BABA overall, supported by stronger valuation and stronger fundamentals.
BABA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Weak | |
| Healthy |
BABA's balance sheet is currently healthy, and its revenue is stable, but its profitability and cash flow are under pressure.
CSV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
CSV's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
BABA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $69.66 | -26% |
| Fair | 20x | $86.59 | -8.2% |
| Current | 21x | $94.36 | — |
| Expensive | 26x | $115 | +22% |
Historical ranges are pointers, not guarantees.
BABA's PE is 21x, but its earnings don't support one, so it isn't a reliable read right now.
CSV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.5x | $27.90 | — |
| Current | 9.5x | $27.90 | — |
| Cheap | 12x | $35.73 | +28% |
| Fair | 16x | $45.74 | +64% |
| Expensive | 40x | $116 | +317% |
Historical ranges are pointers, not guarantees.
CSV has the edge over BABA in the historical PE scenario, which offers more potential upside but is not a forecast.
BABA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
BABA has the edge over CSV on the outlook, with more favorable earnings and revenue expectations.
CSV Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect CSV's profitability to weaken, with its earnings and revenue holding steady. However, they disagree widely on these estimates.
BABA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.42 | -52% |
| Q1 2026 | $6.57 | -18% |
| Q4 2025 | $5.79 | -22% |
| Q3 2025 | $7.85 | +49% |
| Q2 2025 | $9.27 | +116% |
| Q1 2025 | $8.06 | +71% |
| Q4 2024 | $7.47 | +24% |
| Q3 2024 | $5.26 | -35% |
BABA's earnings per share have fallen from their peak: $4.42 over the past year, against $9.27 in mid-2025. Its recent earnings include one-off gains.
CSV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.28 | +12% |
| Q3 2026 | $2.93 | -5.8% |
| Q2 2026 | $2.78 | -17% |
| Q1 2026 | $2.75 | -8% |
| Q4 2025 | $3.25 | +55% |
| Q3 2025 | $3.11 | +40% |
| Q2 2025 | $3.33 | +76% |
| Q1 2025 | $2.99 | +48% |
| Q4 2024 | $2.10 | -1.9% |
CSV has the edge over BABA on earnings, with stronger typical year-over-year growth.
BABA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $40.2B | +8.3% |
| Q1 2026 | $36.5B | +2.9% |
| Q4 2025 | $42.7B | +1.7% |
| Q3 2025 | $37.2B | +4.8% |
| Q2 2025 | $37.2B | +1.8% |
| Q1 2025 | $35.5B | +6.6% |
| Q4 2024 | $42B | +7.6% |
| Q3 2024 | $35.5B | +5.2% |
BABA has the edge over CSV on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7.2% | -6.9 points |
| Q1 2026 | -0.3% | -12 points |
| Q4 2025 | 7.1% | -7.6 points |
| Q3 2025 | 2.2% | -13 points |
| Q2 2025 | 14% | -0.7 points |
| Q1 2025 | 12% | +5.4 points |
| Q4 2024 | 15% | +6.1 points |
| Q3 2024 | 15% | 0 points |
BABA's operating margin was 7.2% last quarter, down 6.9 points from the same quarter a year ago.
CSV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $100.3M | -2.4% |
| Q2 2026 | $102.9M | +0.8% |
| Q1 2026 | $106.1M | -0.9% |
| Q4 2025 | $105.5M | +8% |
| Q3 2025 | $102.7M | +2% |
| Q2 2025 | $102.1M | -0.2% |
| Q1 2025 | $107.1M | +3.5% |
| Q4 2024 | $97.7M | -1.1% |
CSV's revenue grew through 2023 and has held roughly level since: $100M last quarter, down 2.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +2.3 points |
| Q2 2026 | 23% | -0.2 points |
| Q1 2026 | 24% | -5.7 points |
| Q4 2025 | 23% | +1.8 points |
| Q3 2025 | 17% | -5.7 points |
| Q2 2025 | 23% | +5.5 points |
| Q1 2025 | 29% | +11 points |
| Q4 2024 | 22% | -2.6 points |
CSV has the edge over BABA on profitability, with a higher operating margin.
BABA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$6.7B | -$4.1B |
| Q1 2026 | -$2.7B | +$1.5B |
| Q4 2025 | $1B | -90% |
| Q3 2025 | -$3.2B | -254% |
| Q2 2025 | -$2.7B | -182% |
| Q1 2025 | -$4.2B | -12231% |
| Q4 2024 | $10.4B | -4.8% |
| Q3 2024 | $2.1B | -62% |
BABA's free cash flow has turned negative after years in the green: −$11.6B over the past year.
CSV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.9M | +5.1% |
| Q2 2026 | $2.2M | -58% |
| Q1 2026 | $11M | +3.5% |
| Q4 2025 | $6.2M | +27% |
| Q3 2025 | $18M | +11% |
| Q2 2025 | $5.2M | +$6.6M |
| Q1 2025 | $10.6M | -34% |
| Q4 2024 | $4.9M | -44% |
CSV has the edge over BABA on cash generation, producing positive trailing cash flow while its opponent burns cash.
BABA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +11.1M shares |
| 1 year | +0.9% | +21.4M shares |
| 3 years | -6.2% | -161M shares |
| 5 years | -12% | -339M shares |
| Available history | -8.4% | -221M shares |
BABA has 2.4B diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $269.8M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
BABA spent $270M buying back its own shares over the past year, after none the year before.
CSV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -87K shares |
| 1 year | +0.1% | +23K shares |
| 3 years | +1.6% | +241K shares |
| 5 years | -14% | -2.5M shares |
| Available history | -12% | -2.3M shares |
CSV has the edge over BABA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $11M |
| Q1 2022 | $25.7M |
BABA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.1x | Very low |
| Q3 2024 | -0.2x | Net Cash |
BABA's net debt is less than a year of its operating earnings (EBITDA).
CSV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.0x | Very low |
| Q1 2026 | 0.0x | Very low |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.0x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | 0.0x | Very low |
CSV has the edge over BABA on leverage, with a lower net debt burden relative to earnings.
BABA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 12.7 | Oversold |
BABA's weekly RSI is 38 (neutral) and its Stochastic is 13 (oversold).
CSV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.6 | Neutral |
| Stochastic | 19.8 | Oversold |
CSV's weekly RSI is 34 (neutral) and its Stochastic is 20 (oversold).
BABA PE vs Consumer Cyclical Sector
| Metric | BABA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 18x | 19% above |
| PE % | 60 | 47 | 13 pts above |
BABA is trading at 21x earnings, a 19% premium to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
CSV PE vs Consumer Cyclical Sector
| Metric | CSV | Sector median | Relative |
|---|---|---|---|
| PE | 9.5x | 18x | 47% below |
| PE % | 2 | 47 | 45 pts below |
CSV has the edge over BABA on valuation relative to its sector.
BABA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $104.7 | 9.9% below |
| 20 week MA | $111.1 | 15% below |
| 50 week MA | $128.0 | 26% below |
| 100 week MA | $127.7 | 26% below |
| 200 week MA | $106.4 | 11% below |
BABA is in a downtrend: it's below all five of its weekly moving averages, and 11% below its 200-week average.
CSV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.4 | 14% below |
| 20 week MA | $34.5 | 19% below |
| 50 week MA | $40.0 | 30% below |
| 100 week MA | $41.2 | 32% below |
| 200 week MA | $35.2 | 21% below |
CSV is in a downtrend: it's below all five of its weekly moving averages, and 21% below its 200-week average.
BABA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $215.5 | $222.0 | +3% |
| 2021 | $222.0 | $118.7 | -47% |
| 2022 | $118.7 | $85.7 | -28% |
| 2023 | $85.7 | $77.5 | -9.5% |
| 2024 | $77.5 | $85.1 | +9.7% |
| 2025 | $85.1 | $152.2 | +79% |
| 2026 YTD | $152.2 | $94.4 | -38% |
BABA has finished lower in three of the last six years. It's down 38% so far in 2026.
CSV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.7 | $30.8 | +20% |
| 2021 | $30.8 | $62.7 | +103% |
| 2022 | $62.7 | $27.5 | -56% |
| 2023 | $27.5 | $25.0 | -9% |
| 2024 | $25.0 | $39.9 | +59% |
| 2025 | $39.9 | $42.1 | +5.6% |
| 2026 YTD | $42.1 | $27.9 | -34% |
CSV has the edge over BABA on returns for 2026, with the stronger performance.