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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

Show full summary:
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.

Read full article (1 min)