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Added to YB: 2024-07-15

Pitch date: 2024-07-12

PDD [bullish]

PDD Holdings Inc.

-19.6%

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

$137.31

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:
Longriver Partners Fund New Position: PDD Holdings Inc.

PDD: Chinese e-commerce giant, 1B users. Temu int'l expansion controversial. Simple model: aggregates demand, direct factory orders for low prices. 30% op margin Q1'24, asset-light. Revenue 4x, op income 13x since Q2'21. Trades 11x earnings. Risks: quality issues, geopolitics. Potential: continued China market share gains, int'l growth via Temu despite political headwinds.

Read full article (5 min)