Added to YB: 2025-05-29
Pitch date: 2025-05-28
PDD [neutral]
PDD Holdings Inc.
-16.38%
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. 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
$100.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.70
P/E
8.72
EV/Sales
0.84
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)