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Added to YB: 2024-02-21

Pitch date: 2023-12-31

PDD [bullish]

PDD Holdings Inc.

-22.19%

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

$143.88

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:
Baron New Asia Fund Portfolio Holding - PDD Holdings Inc.

PDD captures 20% of China's e-commerce since 2015, 2nd largest. Team purchase model cuts costs, vital moat. Growth from demand for affordable goods, merchants leaving Alibaba, strong execution. Higher take rates fuel revenue. Share to rise on value focus, brands, efficiency. Temu leverages China's manufacturing for global cheap items, may breakeven in US. Expects doubled earnings & FCF in 3yrs, ongoing compounding.

Read full article (1 min)