Professional
Added to YB: 2024-07-15
Pitch date: 2024-07-12
PDD [bullish]
PDD Holdings Inc.
-40%
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
$137.31
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.70
P/E
8.72
EV/Sales
0.84
Sector
Broadline Retail
Category
growth
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.
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