Added to YB: 2024-07-30
Pitch date: 2024-07-28
PDD [bullish]
PDD Holdings Inc.
-13.53%
current return
Author Info
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
$127.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.93
P/E
12.01
EV/Sales
1.82
Sector
Broadline Retail
Category
growth
Modern Value Investing Portfolio & Performance Update: New Position - Pinduoduo
PDD: Q1 rev +141%, net income +246%. 2024 P/E 11.3, 2025 P/E 8.7, TTM P/E 17.4. Future growth potential "free" at current valuation. Hedge against BABA risks; if BABA struggles, PDD likely thriving. 2024E EPS $11.84, 2025E $15.04. Re-entered at lower price after stellar Q1.
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