Added to YB: 2025-05-29
Pitch date: 2025-05-28
PDD [neutral]
PDD Holdings Inc.
+11.8%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
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
$100.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.93
P/E
12.01
EV/Sales
1.82
Sector
Broadline Retail
Category
value
PDD Warns of Slowing Growth, Margin Compression Amid Fierce E-Commerce Pressure
PDD (earnings update): Q1 disappoints with 10% rev growth (vs 24% Q4, 44% Q3) and 15% net margins (vs 32% Q1'23). Increasing fee reductions from 10b to 100b RMB. Facing tariff pressure, intense competition. Possible BABA 2.0 scenario with permanent margin/growth decline. Est. $6 EPS (down from $10.41), potentially worth $72 vs $103 current price.
Read full article (2 min)