Added to YB: 2025-08-27
Pitch date: 2025-08-25
PDD [neutral]
PDD Holdings Inc.
-35.88%
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. 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
$128.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.70
P/E
8.72
EV/Sales
0.84
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)