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
[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.
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