Added to YB: 2024-08-28
Pitch date: 2024-08-27
PDD [neutral]
PDD Holdings Inc.
+15.6%
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. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness, and auto accessories; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations.
Market Cap
$1.2T
Pitch Price
$95.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.93
P/E
12.01
EV/Sales
1.82
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)