COMP <GO>
APLD vs BILI // EV/EBITDA & P/E VALUATION
Applied Digital Corporation (NASDAQ) VS. Bilibili Inc. (NASDAQ) • 15-METRIC TALLY: APLD 4
— BILI 8
■ METRIC PARITY
LAST: $17.82 (-8.22%) • MKT CAP: $5.87B
valuation
—
LAST: $12.68 (-1.48%) • MKT CAP: $5.36B
valuation
19.3x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (APLD VS. BILI)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | APLD | BILI | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 35.10% | 36.60% | -1.50 | BILI | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -21.70% | 10.90% | -32.60 | BILI | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 19.3x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 1.06% | 17.69% | -16.63 | BILI | /fcf-yield <GO> |
| Operating Margin | -38.70% | 3.70% | -42.40 | BILI | /operating-margins <GO> |
| Net Profit Margin | -40.90% | 3.90% | -44.80 | BILI | /net-margins <GO> |
| Revenue Growth (YoY) | 180.00% | 18.10% | +161.90 | APLD | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.44 | 2.13 | -0.69 | BILI | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 8/9 | -1.00 | BILI | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 43.1 | 29.5 | +13.60 | APLD | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.17 | 1.30 | -0.13 | BILI | /macro-sensitivity <GO> |
| Forward P/E Multiple | 20.0x | 26.4x | -6.40 | APLD | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.87B | $5.36B | $507.4M | APLD | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | APLD REV | BILI REV | APLD GROSS % | BILI GROSS % | APLD FCF | BILI FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $611.3M | $4.34B | 35.1% | 36.6% | $62.2M | $948.7M |
| FY 2024 | $144.2M | $3.68B | -50.3% | 32.7% | -$121.9M | $760.3M |
| FY 2023 | $136.6M | $3.17B | — | — | $7.6M | -$105.2M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
APLD // BETA 1.17
BILI // BETA 1.30