Professional
Added to YB: 2025-01-09
Pitch date: 2025-01-07
PDD [bullish]
PDD Holdings Inc.
-16.83%
current return
Author Info
GreenWood Investors is a bottom-up, mostly long, concentrated and constructivist global investment firm focused on areas of pessimism, structural inefficiencies and low competition. 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
$99.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.70
P/E
8.72
EV/Sales
0.84
Sector
Broadline Retail
Category
growth
GreenWood Investors Portfolio Holdiing: PDD Holdings Inc.
PDD: E-commerce giant matching Amazon's GMV in 1/3 time. 4x faster sales growth vs AMZN, yet trades at 1/4 earnings multiple. Temu expansion promising. Shares dipped on reinvestment for growth & supplier ecosystem. Chinese gov't backing stock buybacks. High-quality leader at lagging valuation despite relentless efficiency & growth.
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