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Added to YB: 2024-02-16

Pitch date: 2024-02-15

PDD [bearish]

PDD Holdings Inc.

+18.99%

current return

Author Info

No bio for this author

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

$138.20

Price Target

N/A

Dividend

N/A

EV/EBITDA

7.93

P/E

12.01

EV/Sales

1.82

Sector

Broadline Retail

Category

growth

Show full summary:
[SHORT] PDD Holdings: Stock Price Unjustified As It Lacks A Competitive Moat

PDD $170B mc may be rich given uncertain moat & BABA threat. Rev 13x FY18, 2x FY21, 60-70% gm, 20+% nm but easily replicable biz model. BABA's $86B cash incentivizes share defense via pricing wars, fee cuts, subsidies. PDD $22 to $131 run at risk if BABA retaliates, challenging sustainability & valuation.

Read full article (5 min)