Added to YB: 2024-07-30
Pitch date: 2024-07-28
PDD [bullish]
PDD Holdings Inc.
-35.47%
current return
Author Info
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
$127.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.70
P/E
8.72
EV/Sales
0.84
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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