Added to YB: 2025-08-27
Pitch date: 2025-08-25
PDD [neutral]
PDD Holdings Inc.
-14.08%
current return
Author Info
Coughlin Capital is a long-term investor dedicated to uncovering quality, undervalued companies. Sharing my journey as a do-it-yourself investor with in-depth research, actionable insights, and lessons learned along the way. Sign up for the newsletter.
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
$128.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.93
P/E
12.01
EV/Sales
1.82
Sector
Broadline Retail
Category
value
Pinduoduo (PDD): Cheap for a Reason
PDD pass: Outgrowing Alibaba/JD/Tencent with healthier profits & swelling cash balance, Temu gaining US/Europe traction. Yet trades cheapest among Chinese internet names. Core issue: zero capital returns despite massive cash pile + poor mgmt communication vs peers' buybacks/dividends. Growth/margins strong but trust missing until capital allocation/transparency improves.
Read full article (3 min)