Added to YB: 2024-11-13
Pitch date: 2024-11-08
DDL [bullish]
Dingdong (Cayman) Limited
-51.43%
current return
Author Info
Bamboo Works provides news on Chinese companies listed in Hong Kong and the United States. Sign up for the newsletter.
Company Info
Dingdong (Cayman) Limited operates an e-commerce company in China. The company provides fresh groceries, including vegetables, meat and eggs, fruits, and seafood.
Market Cap
$2.7B
Pitch Price
$4.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.12
P/E
12.57
EV/Sales
0.06
Sector
Consumer Staples Distribution and Retail
Category
growth
After years of shopping around, Dingdong bags formula for profits
DDL: 3rd consecutive quarterly profit, revenue +27% Q3. Focused on affluent Yangtze Delta markets. Net margin 2.0%, outpacing Kroger's 1.37%. Stock +13% on results, P/E 18. Analysts bullish: 6/9 buy ratings. Cash flow positive, reserves up. Well-positioned for cautious consumer climate.
Read full article (4 min)