Added to YB: 2024-02-16
Pitch date: 2024-02-15
PDD [bearish]
PDD Holdings Inc.
+40.38%
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. 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
$138.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.70
P/E
8.72
EV/Sales
0.84
Sector
Broadline Retail
Category
growth
[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)