Internet pyramid chart (GGV Capital)
•
2 likes•1,248 views
Public Internet Companies Source: Cowan and Company as of September 2011
Recommended
Recommended
More Related Content
Viewers also liked
Viewers also liked (12)
Similar to Internet pyramid chart (GGV Capital)
Similar to Internet pyramid chart (GGV Capital) (20)
More from GGV Capital
More from GGV Capital (20)
Recently uploaded
Recently uploaded (20)
Internet pyramid chart (GGV Capital)
- 1. It’s a Long Climb to the Top Summary Trading Multiples EV/Revenue EV/EBITDA Price / Earnings Company CY2011 CY2012 CY2011 CY2012 CY2011 CY2012 6 Public Internet Companies Baidu 22.5x 14.7x 38.3x 25.2x 49.4x 32.7x Mail.Ru 14.7 11.3 30.9 22.6 43.1 30.7 With CY2011 Rev Growth of 30%+ Mercadolibre 9.7 7.4 27.9 20.6 41.8 30.3 Qihoo 360 15.5 9.4 46.4 27.9 62.0 35.6 and CY2012 Rev Growth of 30%+ Tencent 10.1 7.7 20.5 15.6 26.3 20.3 Yandex 13.4 9.3 29.1 20.2 52.1 34.9 and CY2012 EBITDA Margin of 30%+ Mean: 14.3x 10.0x 32.2x 22.0x 45.8x 30.8x Median: 14.1 9.4 30.0 21.6 46.3 31.7 18 Public Internet Companies With CY2011 Rev Growth of 30%+ and CY2012 Rev Growth of 30%+ 44 Public Internet Companies With CY2011 Rev Growth of 30%+ 71 Public Internet Companies With CY2011 Rev Growth of 15%+ 116 Public Internet Companies Source: Thomson Reuters of September 9, 2011. 1