JD.Com Inc
HKEX:9618

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JD.Com Inc
HKEX:9618
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Price: 132.1 HKD 3.28% Market Closed
Market Cap: 420B HKD

Relative Value

The Relative Value of one JD.Com Inc stock under the Base Case scenario is 189.43 HKD. Compared to the current market price of 132.1 HKD, JD.Com Inc is Undervalued by 30%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
189.43 HKD
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
77
vs Industry
54
Median 3Y
0.4
Median 5Y
0.5
Industry
0.5
Forward
0.3
vs History
80
vs Industry
46
Median 3Y
12
Median 5Y
14
Industry
16.6
Forward
6.8
vs History
75
vs Industry
37
Median 3Y
7.4
Median 5Y
10.9
Industry
8
vs History
78
vs Industry
41
Median 3Y
7.4
Median 5Y
11.1
Industry
16.2
vs History
80
vs Industry
36
Median 3Y
1.8
Median 5Y
2.6
Industry
1.6
vs History
77
vs Industry
74
Median 3Y
0.2
Median 5Y
0.4
Industry
0.7
Forward
0.1
vs History
80
vs Industry
56
Median 3Y
1.4
Median 5Y
2.6
Industry
2.2
vs History
80
vs Industry
42
Median 3Y
6.9
Median 5Y
17.3
Industry
8.3
Forward
3
vs History
81
vs Industry
53
Median 3Y
6.9
Median 5Y
22.5
Industry
12.5
Forward
4
vs History
77
vs Industry
57
Median 3Y
4.6
Median 5Y
7.5
Industry
9.3
vs History
78
vs Industry
54
Median 3Y
4.6
Median 5Y
8.1
Industry
13
vs History
75
vs Industry
43
Median 3Y
0.9
Median 5Y
1.7
Industry
1

Multiples Across Competitors

Competitors Multiples
JD.Com Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
JD.Com Inc
HKEX:9618
383.5B HKD 0.3 8.7 4.8 4.8
US
Amazon.com Inc
NASDAQ:AMZN
2T USD 3.1 30.6 15.5 27.5
ZA
Naspers Ltd
JSE:NPN
1T Zac 0 0 0 0
CN
Alibaba Group Holding Ltd
NYSE:BABA
300.1B USD 2.2 18.1 14.6 14.6
CN
PDD Holdings Inc
NASDAQ:PDD
154B USD 2.8 10 7.3 7.3
UY
MercadoLibre Inc
BMV:MELIN
2.3T MXN 5.5 60.2 34.1 42.1
NL
Prosus NV
AEX:PRX
102.8B EUR 19.8 14.9 2 913.8 2 913.8
AR
Mercadolibre Inc
NASDAQ:MELI
115.1B USD 5.5 60.2 34.1 42.1
CN
Meituan
HKEX:3690
801.1B HKD 2.2 21 19 19
US
DoorDash Inc
NASDAQ:DASH
86.1B USD 8 699.8 133.2 1 794
KR
Coupang Inc
NYSE:CPNG
43.4B USD 1.4 281.8 44.9 89.4
P/S Multiple
Revenue Growth P/S to Growth
CN
JD.Com Inc
HKEX:9618
Average P/S: 5.1
0.3
7%
0
US
Amazon.com Inc
NASDAQ:AMZN
3.1
10%
0.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available
12%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
2.2
8%
0.3
CN
PDD Holdings Inc
NASDAQ:PDD
2.8
18%
0.2
UY
MercadoLibre Inc
BMV:MELIN
5.5
23%
0.2
NL
Prosus NV
AEX:PRX
19.8
14%
1.4
AR
Mercadolibre Inc
NASDAQ:MELI
5.5
23%
0.2
CN
Meituan
HKEX:3690
2.2
16%
0.1
US
D
DoorDash Inc
NASDAQ:DASH
8
19%
0.4
KR
Coupang Inc
NYSE:CPNG
1.4
14%
0.1
P/E Multiple
Earnings Growth PEG
CN
JD.Com Inc
HKEX:9618
Average P/E: 120.5
8.7
15%
0.6
US
Amazon.com Inc
NASDAQ:AMZN
30.6
19%
1.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
20%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
18.1
37%
0.5
CN
PDD Holdings Inc
NASDAQ:PDD
10
16%
0.6
UY
MercadoLibre Inc
BMV:MELIN
60.2
32%
1.9
NL
Prosus NV
AEX:PRX
14.9
18%
0.8
AR
Mercadolibre Inc
NASDAQ:MELI
60.2
32%
1.9
CN
Meituan
HKEX:3690
21
29%
0.7
US
D
DoorDash Inc
NASDAQ:DASH
699.8
170%
4.1
KR
Coupang Inc
NYSE:CPNG
281.8
136%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
JD.Com Inc
HKEX:9618
Average EV/EBITDA: 322.1
4.8
26%
0.2
US
Amazon.com Inc
NASDAQ:AMZN
15.5
26%
0.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
205%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
14.6
17%
0.9
CN
PDD Holdings Inc
NASDAQ:PDD
7.3
22%
0.3
UY
MercadoLibre Inc
BMV:MELIN
34.1
29%
1.2
NL
Prosus NV
AEX:PRX
2 913.8
N/A N/A
AR
Mercadolibre Inc
NASDAQ:MELI
34.1
29%
1.2
CN
Meituan
HKEX:3690
19
41%
0.5
US
D
DoorDash Inc
NASDAQ:DASH
133.2
97%
1.4
KR
Coupang Inc
NYSE:CPNG
44.9
61%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
JD.Com Inc
HKEX:9618
Average EV/EBIT: 495.5
4.8
15%
0.3
US
Amazon.com Inc
NASDAQ:AMZN
27.5
21%
1.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
14.6
21%
0.7
CN
PDD Holdings Inc
NASDAQ:PDD
7.3
27%
0.3
UY
MercadoLibre Inc
BMV:MELIN
42.1
32%
1.3
NL
Prosus NV
AEX:PRX
2 913.8
N/A N/A
AR
Mercadolibre Inc
NASDAQ:MELI
42.1
32%
1.3
CN
Meituan
HKEX:3690
19
34%
0.6
US
D
DoorDash Inc
NASDAQ:DASH
1 794
294%
6.1
KR
Coupang Inc
NYSE:CPNG
89.4
83%
1.1