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Added to YB: 2024-04-09

Pitch date: 2024-04-08

PDD [bullish]

PDD Holdings Inc.

-30.18%

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

$118.00

Price Target

220.00 (+167%)

Dividend

N/A

EV/EBITDA

3.70

P/E

8.72

EV/Sales

0.84

Sector

Broadline Retail

Category

growth

Show full summary:
PDD Holdings: I'm Buying This Now

PDD Holdings (PDD): Exceptional growth, strong FCF at ~13x forward despite opacity. ~$8B net cash (20% of market cap). Gross margin compression concerning but likely temporary. 2024 rev growth could stabilize at 60% CAGR (vs 50% consensus). Massive FCF increase & cash pile from Temu's success. Potential for $15B+ FCF run rate in 2024. Risks: China-based, high volatility. $220 PT by mid-2025 driven by growth & cash generation.

Read full article (4 min)