Added to YB: 2024-08-28
Pitch date: 2024-08-27
PDD [neutral]
PDD Holdings Inc.
-12.31%
current return
Author Info
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Company Info
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations.
Market Cap
$801.2B
Pitch Price
$95.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.70
P/E
8.72
EV/Sales
0.84
Sector
Broadline Retail
Category
N/A
PDD, cheap growth, and if it's a buy
PDD (pass): Q3 rev +86% YoY, op profit +156%, net income +144%, but missed street expectations. Stock -30% on guidance concerns. Competition from Amazon, AliExpress intensifying. Margins at risk. Trading at 10x fwd P/E vs JD 6x, BABA 9x. Growth story broken, downside risks remain despite selloff.
Read full article (7 min)