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
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.
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