Try our mobile app

Switch to company model in classical logic    *

General information

Country: CHINA

Sector: Internet Retail

Categories: @china   @e-commerce   

Pinduoduo Inc. operates as an e-commerce platform. The Company offers a wide range of merchandise online including groceries, fashion, beauty, and electronics. Pinduoduo serves customers worldwide.
Website: pinduoduo.com



Growth: Good revenue growth rate 67.1%, there is slowdown compared to average historical growth rates 73.1%. The revenue growth dynamics is moderately stable Site traffic for the last 3 months showed a change of +6.0%

Profitability: LTM EBITDA margin is positive, +25.2%. On average the margin is improving unsteadily. Gross margin is high, +70.4%. In the last quarter the company beat the estimated EPS, +84.6%. The company was ahead of estimated EPS in 100% of quarters (showing a gain of +$0.38 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 15.0% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 344.5% higher than minimum and 25.0% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 6.7x by EV / Sales multiple , the company can be 14.1% undervalued

Key Financials (Download financials)

Ticker: PDD  postmarket  112.77  (-0.6%)
Share price, USD:  (-0.2%)113.49
year average price 104.50  


year start price 69.23 2023-04-22

min close price 60.02 2023-05-25

max close price 151.33 2024-01-11

current price 113.49 2024-04-20
Common stocks: 1 262 814 000

Dividend Yield:  0.0%
FCF Yield LTM: 15.0%
EV / LTM EBITDA: 23.3x
EV / EBITDA annualized: 27.8x
Last revenue growth (y/y):  67.1%
Last growth of EBITDA (y/y):  153.0%
Historical revenue growth:  73.1%
Historical growth of EBITDA:  97.9%
EV / Sales: 5.9x
Margin (EBITDA LTM / Revenue): 25.2%
Fundamental value created in LTM:
Market Cap ($m): 143 317
Net Debt ($m): -20 394
EV (Enterprise Value): 122 923
Price to Book: 6.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-16Fox Business

Lawmaker demands FTC probe Temu parent company over alleged CCP ties

2024-04-15Zacks Investment Research

Investors Heavily Search PDD Holdings Inc. (PDD): Here is What You Need to Know

2024-04-15InvestorPlace

Pinduoduo Stock Buyers Better Hope Temu Is Not Another Wish.com

2024-04-08Zacks Investment Research

PDD Holdings Inc. (PDD) Falls More Steeply Than Broader Market: What Investors Need to Know

2024-04-08Zacks Investment Research

Surging Earnings Estimates Signal Upside for PDD Holdings Inc. (PDD) Stock

2024-04-08Seeking Alpha

PDD Holdings: I'm Buying This Now

2024-04-04Zacks Investment Research

Does PDD Holdings Inc. (PDD) Have the Potential to Rally 39.73% as Wall Street Analysts Expect?

2024-04-04Zacks Investment Research

Wall Street Analysts See PDD Holdings Inc. (PDD) as a Buy: Should You Invest?

2024-04-04Zacks Investment Research

Here is What to Know Beyond Why PDD Holdings Inc. (PDD) is a Trending Stock

2024-04-02Zacks Investment Research

PDD Holdings Inc. (PDD) Registers a Bigger Fall Than the Market: Important Facts to Note
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol PDD PDD PDD PDD PDD PDD
reportedCurrency CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2023-03-22 2023-04-26 2022-09-30 2022-06-30
acceptedDate 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-22 06:00:56 2023-04-26 07:33:40 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
revenue 68 840M 52 281M 37 637M 39 820M 35 504M 31 440M
costOfRevenue 26 830M 18 690M 11 125M 8 927M 7 414M 7 962M
grossProfit 42 010M 33 591M 26 512M 30 893M 28 090M 23 478M
grossProfitRatio 0.610 0.643 0.704 0.776 0.791 0.747
researchAndDevelopmentExpenses 2 847M 2 734M 2 507M 2 407M 2 698M 2 611M
generalAndAdministrativeExpenses 758M 1 585M 816M 1 641M 907M 826M
sellingAndMarketingExpenses 21 748M 16 553M 16 260M 17 732M 14 049M 11 343M
sellingGeneralAndAdministrativeExpenses 22 507M 18 138M 17 076M 19 373M 14 955M 12 169M
otherExpenses 290M 1 106M 1 228M 169M 0 0
operatingExpenses 25 354M 20 872M 19 583M 21 780M 17 654M 14 781M
costAndExpenses 52 184M 39 562M 30 708M 30 706M 25 068M 22 742M
interestIncome 2 127M 2 288M 1 464M 1 352M 1 092M 757M
interestExpense 12M 12M 12M 12M 14M 13M
depreciationAndAmortization 2 418M 3 394M 2 691M 1 521M 1 639M 0
ebitda 19 074M 16 113M 9 620M 10 634M 12 075M 10 468M
ebitdaratio 0.277 0.308 0.256 0.267 0.340 0.333
operatingIncome 16 656M 12 719M 6 929M 9 114M 10 437M 8 697M
operatingIncomeRatio 0.242 0.243 0.184 0.229 0.294 0.277
totalOtherIncomeExpensesNet 385M 1 262M 2 663M 1 484M 1 678M 1 811M
incomeBeforeTax 19 156M 16 257M 9 592M 10 598M 12 115M 10 508M
incomeBeforeTaxRatio 0.278 0.311 0.255 0.266 0.341 0.334
incomeTaxExpense 3 513M 3 158M 1 598M 1 066M 1 537M 1 558M
netIncome 15 537M 13 108M 8 101M 9 454M 10 589M 8 896M
netIncomeRatio 0.226 0.251 0.215 0.237 0.298 0.283
eps 11.360 9.640 6.120 7.400 8.400 7.040
epsdiluted 10.600 9.000 5.560 6.520 7.360 6.240
weightedAverageShsOut 1 466M 1 456M 1 321M 1 275M 1 263M 1 261M
weightedAverageShsOutDil 1 466M 1 458M 1 463M 1 452M 1 444M 1 429M
link Link Link
finalLink Link Link

Balance Sheet Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol PDD PDD PDD PDD PDD PDD
reportedCurrency CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2023-03-22 2023-04-26 2022-09-30 2022-06-30
acceptedDate 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-22 06:00:56 2023-04-26 07:33:40 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 54 940M 31 379M 19 771M 34 326M 25 602M 1 949M
shortTermInvestments 147 907M 148 129M 137 264M 115 113M 112 208M 15 874M
cashAndShortTermInvestments 202 847M 179 509M 157 035M 149 439M 137 809M 17 823M
netReceivables 8 686M 6 657M 5 590M 6 907M 5 157M 706M
inventory 56 413M 52 055M 50 899M -6 907M 0 0
otherCurrentAssets 3 630M 2 985M 2 288M 67 179M 50 604M 7 665M
totalCurrentAssets 271 576M 241 206M 215 811M 216 618M 193 570M 26 193M
propertyPlantEquipmentNet 4 728M 3 186M 2 588M 2 461M 2 383M 348M
goodwill 0 0 0 0 0 0
intangibleAssets 22M 23M 0 134M 0 0
goodwillAndIntangibleAssets 22M 23M 23M 134M 298M 65M
longTermInvestments 0 0 0 0 0 0
taxAssets 1 632M 1 545M 1 299M 1 045M 28M 4M
otherNonCurrentAssets 36 294M 28 326M 20 345M 16 862M 12 829M 2 054M
totalNonCurrentAssets 42 675M 33 079M 24 255M 20 502M 15 538M 2 471M
otherAssets 0 0 0 0 0 0
totalAssets 314 251M 274 285M 240 066M 237 120M 209 108M 28 665M
accountPayables 68 100M 60 115M 55 879M 63 317M 51 563M 7 897M
shortTermDebt 15 733M 15 386M 14 442M 14 488M 513M 71M
taxPayables 0 0 0 6 971M 0 0
deferredRevenue 2 044M 1 639M 1 543M 1 390M 1 392M 186M
otherCurrentLiabilities 62 248M 48 853M 39 159M 37 695M 31 965M 4 643M
totalCurrentLiabilities 148 124M 125 994M 111 023M 116 889M 85 432M 12 797M
longTermDebt 4 021M 2 883M 2 533M 2 447M 16 500M 2 290M
deferredRevenueNonCurrent 1 624M 1 635M 0 -2 447M 0 0
deferredTaxLiabilitiesNonCurrent 56M 64M 382 000 13M 46M 6M
otherNonCurrentLiabilities -1 624M -1 635M 0 2 447M -36 921M 12 000
totalNonCurrentLiabilities 4 077M 2 947M 2 534M 2 460M 16 546M 2 296M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 3 778M 2 204M 1 708M 1 473M 1 263M 140M
totalLiabilities 152 201M 128 941M 113 556M 119 349M 101 978M 15 092M
preferredStock 0 0 0 0 0 0
commonStock 177 000 176 000 171 000 170 000 162 000 24 000
retainedEarnings 51 939M 36 402M 23 294M 15 193M 5 744M -723M
accumulatedOtherComprehensiveIncomeLoss 5 958M 6 260M 2 432M 3 327M 4 631M 129M
othertotalStockholdersEquity 104 153M 102 682M 100 784M 99 250M 96 754M 0
totalStockholdersEquity 162 050M 145 344M 126 510M 117 771M 107 130M 13 572M
totalEquity 162 050M 145 344M 126 510M 117 771M 107 130M 13 572M
totalLiabilitiesAndStockholdersEquity 314 251M 274 285M 240 066M 237 120M 209 108M 28 665M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 314 251M 274 285M 240 066M 237 120M 209 108M 28 665M
totalInvestments 147 907M 148 129M 137 264M 115 113M 112 208M 0
totalDebt 19 753M 18 269M 16 975M 16 934M 17 013M 2 361M
netDebt -35 186M -13 110M -2 796M -17 392M -8 589M 412M
link Link Link
finalLink Link Link

Cash Flow Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol PDD PDD PDD PDD PDD PDD
reportedCurrency CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2023-03-22 2023-04-26 2022-09-30 2022-06-30
acceptedDate 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-22 06:00:56 2023-04-26 07:33:40 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
netIncome 15 537M 13 108M 8 101M 28 939M 0 0
depreciationAndAmortization 0 0 0 2 735M 0 0
deferredIncomeTax 0 0 0 -1 029M 0 0
stockBasedCompensation 1 470M 1 891M 0 7 718M 0 0
changeInWorkingCapital 0 0 0 0 0 0
accountsReceivables 0 0 0 0 0 0
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital 0 0 0 0 0 0
otherNonCashItems 15 531M 8 397M -6 763M -34 514M 11 652M 19 374M
netCashProvidedByOperatingActivities 32 538M 23 396M 1 338M 3 849M 11 652M 19 374M
investmentsInPropertyPlantAndEquipment 0 0 0 -636M 0 0
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 -170 792M 0 0
salesMaturitiesOfInvestments 0 0 0 149 066M 0 0
otherInvestingActivites -4 821M -11 520M 0 21 121M -356M -8 593M
netCashUsedForInvestingActivites -4 821M -11 520M -22 620M -1 241M -356M -8 593M
debtRepayment 0 0 0 0 0 0
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites 385 000 7M 0 1M 258 000 268 000
netCashUsedProvidedByFinancingActivities 385 000 7M 53 000 1M 258 000 268 000
effectOfForexChangesOnCash 201M 881M -348M -16M 250M -51M
netChangeInCash 27 919M 12 764M -21 630M 2 594M 11 546M 10 730M
cashAtEndOfPeriod 111 353M 83 434M 70 670M 13 382M 74 410M 62 864M
cashAtBeginningOfPeriod 83 434M 70 670M 92 300M 10 788M 62 864M 52 134M
operatingCashFlow 32 538M 23 396M 1 338M 3 849M 11 652M 19 374M
capitalExpenditure 0 0 0 -636M 0 0
freeCashFlow 32 538M 23 396M 1 338M 3 214M 11 652M 19 374M
link Link Link
finalLink Link Link

Earning call transcript

2023 q4
2024-03-20 ET (fiscal 2023 q4)
2023 q3
2023-11-28 ET (fiscal 2023 q3)
2023 q2
2023-08-29 ET (fiscal 2023 q2)
2023 q1
2023-05-26 ET (fiscal 2023 q1)
2022 q4
2023-03-20 ET (fiscal 2022 q4)
2022 q3
2022-11-28 ET (fiscal 2022 q3)
2022 q2
2022-08-29 ET (fiscal 2022 q2)
2022 q1
2022-05-27 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-03-20 10:30 ET
PDD Holdings Announces Fourth Quarter 2023 and Fiscal Year 2023 Unaudited Financial Results
2024-03-13 12:00 ET
PDD Holdings to Report Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results on March 20, 2024
2023-11-28 10:30 ET
PDD Holdings Announces Third Quarter 2023 Unaudited Financial Results
2023-11-21 11:30 ET
PDD Holdings to Report Third Quarter 2023 Unaudited Financial Results on November 28, 2023
2023-10-24 11:30 ET
Jayud Signs Cross-Border First-Mile Logistics Service Agency Contract With Pinduoduo
2023-08-29 10:30 ET
PDD Holdings Announces Second Quarter 2023 Unaudited Financial Results
2023-08-22 15:30 ET
PDD Holdings to Report Second Quarter 2023 Unaudited Financial Results on August 29, 2023
2023-05-26 10:30 ET
PDD Holdings Announces First Quarter 2023 Unaudited Financial Results
2023-05-19 15:30 ET
PDD Holdings to Report First Quarter 2023 Unaudited Financial Results on May 26, 2023
2023-04-26 11:40 ET
PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2022
2023-04-25 12:00 ET
Nisun International Enterprise Development Group Co., Ltd Announces New Strategic Alliance to Develop E-Commerce Business
2023-03-20 10:30 ET
PDD Holdings Announces Fourth Quarter 2022 and Fiscal Year 2022 Unaudited Financial Results
2023-03-13 15:50 ET
PDD Holdings to Report Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results on March 20, 2023
2023-01-17 01:41 ET
Temu Empowers Shoppers With Headstart to Affordable Valentine's Day Shopping
2023-01-03 15:08 ET
Temu Kicks Off 2023 With Commitment to New Era of Demand-Driven E-Commerce
2022-12-07 09:55 ET
Pinduoduo Wins FAO 2022 Innovation Award for Championing Agricultural Digital Inclusion
2022-11-28 11:30 ET
PDD Announces Third Quarter 2022 Unaudited Financial Results
2022-11-21 12:06 ET
Temu Steps Up to Offer Stunning Deals of Up to 70% Off in Black Friday Sale
2022-11-18 15:30 ET
PDD to Report Third Quarter 2022 Unaudited Financial Results on November 28, 2022
2022-11-18 03:43 ET
PDD Holdings-Backed Temu Offers Early Christmas Deals
2022-11-05 04:47 ET
Temu Further Increases Transparency to Help Consumers Make Better Decisions
2022-11-04 07:55 ET
Temu Offers 15% Discount For Students to Make Shopping More Enjoyable
2022-10-18 03:15 ET
Temu Meets Consumer Demand for Year-Round Deals With “Every Day is Black Friday” Approach
2022-10-12 10:00 ET
Temu Expands Merchandise Selection to More Than 100 Product Categories to Cater to Diverse Customer Needs
2022-10-11 01:15 ET
Temu Gives Shoppers a Head Start in Holiday Season Shopping with Christmas Treats
2022-10-03 13:00 ET
Temu Offers Peace of Mind to Consumers with 90-Day Free Returns
2022-08-29 18:35 ET
Pinduoduo Unveiled New Initiative to Deepen Tech for Agri Drive
2022-08-29 10:30 ET
Pinduoduo Announces Second Quarter 2022 Unaudited Financial Results
2022-08-27 23:51 ET
Pinduoduo Initiated the "Tech for Agri" Campaign Using Technology to Drive Agricultural Modernization
2022-08-25 12:00 ET
Pinduoduo Champions “Tech for Agri”
2022-08-23 13:49 ET
Pinduoduo Launches Vertical Farming Challenge for 3rd Smart Agriculture Competition
2022-08-22 13:15 ET
Pinduoduo launches vertical farming challenge for 3rd Smart Agriculture Competition
2022-08-19 13:00 ET
Pinduoduo to Report Second Quarter 2022 Unaudited Financial Results on August 29, 2022
2022-06-29 20:21 ET
Strategy Analytics: Apple Captures Half of All Smartphones Sold During 6.18 Online Shopping Festival in China
2022-05-27 10:30 ET
Pinduoduo Announces First Quarter 2022 Unaudited Financial Results
2022-05-16 00:00 ET
Pinduoduo to Report First Quarter 2022 Unaudited Financial Results on May 27, 2022
2022-04-26 13:56 ET
Pinduoduo and Wageningen University conduct research on how to grow top-quality tomatoes using sustainable growing method
2022-04-26 13:55 ET
Pinduoduo’s Smart Agriculture Competition inspires young researchers to develop practical precision technology
2022-04-25 12:25 ET
Pinduoduo Files Annual Report on Form 20-F for Fiscal Year 2021
2022-03-24 00:00 ET
MioTech Recruits ex-Pinduoduo Tian Xu as Chief Operating Officer
2022-03-21 11:12 ET
Pinduoduo deepens agricultural digital inclusion efforts
2022-03-21 11:10 ET
Pinduoduo Announces Fourth Quarter 2021 and Fiscal Year 2021 Unaudited Financial Results
2022-03-11 10:00 ET
Pinduoduo to Report Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results on March 21, 2022
2022-03-01 13:51 ET
FAO China and Pinduoduo organize webinar on smart agriculture
2021-11-30 00:30 ET
Lightspeed China Partners Raises $920 Million with Focus on Green Tech, Deep Tech and Enterprise Technologies
2021-11-26 11:36 ET
Pinduoduo to promote more young leaders to critical roles
2021-11-26 11:35 ET
Pinduoduo increases its focus on R&D, steps up investments in agriculture and agritech industry

SEC forms

Show financial reports only

SEC form 6
2024-03-20 21:30 ET
Pinduoduo published news for 2023 q4
SEC form 6
2024-03-20 21:30 ET
Pinduoduo reported for 2023 q4
SEC form 6
2023-11-28 16:00 ET
Pinduoduo published news for 2023 q3
SEC form 6
2023-11-28 08:55 ET
Pinduoduo reported for 2023 q3
SEC form 6
2023-08-31 16:49 ET
Pinduoduo published news for 2023 q2
SEC form 6
2023-08-29 16:00 ET
Pinduoduo reported for 2023 q2
SEC form 6
2023-05-30 06:02 ET
Pinduoduo published news for 2023 q1
SEC form 6
2023-04-26 07:33 ET
Pinduoduo published news for 2023 q1
SEC form 6
2023-04-04 06:00 ET
Pinduoduo published news for 2023 q1
SEC form 6
2023-03-22 06:00 ET
Pinduoduo reported for 2022 q4
SEC form 6
2023-02-09 06:01 ET
Pinduoduo published news for 2022 q4
SEC form 6
2023-01-13 06:04 ET
Pinduoduo published news for 2022 q4
SEC form 6
2022-11-29 09:00 ET
Pinduoduo published news for 2022 q3
SEC form 6
2022-11-28 17:00 ET
Pinduoduo published news for 2022 q3
SEC form 6
2022-08-30 06:14 ET
Pinduoduo published news for 2022 q2
SEC form 6
2022-08-02 08:54 ET
Pinduoduo published news for 2022 q2
SEC form 6
2022-07-08 07:52 ET
Pinduoduo published news for 2022 q2
SEC form 6
2022-05-31 06:01 ET
Pinduoduo published news for 2022 q1
SEC form 6
2022-04-25 08:13 ET
Pinduoduo published news for 2022 q1
SEC form 6
2022-03-22 06:22 ET
Pinduoduo published news for 2021 q4
SEC form 6
2021-12-30 06:01 ET
Pinduoduo published news for 2021 q3
SEC form 6
2021-12-03 07:08 ET
Pinduoduo published news for 2021 q3
SEC form 6
2021-09-29 06:41 ET
Pinduoduo published news for 2021 q2
SEC form 6
2021-09-01 06:46 ET
Pinduoduo published news for 2021 q2
SEC form 6
2021-08-25 07:27 ET
Pinduoduo published news for 2021 q2
SEC form 6
2021-07-26 16:03 ET
Pinduoduo published news for 2021 q2
SEC form 6
2021-07-06 06:56 ET
Pinduoduo published news for 2021 q2
SEC form 6
2021-06-01 06:13 ET
Pinduoduo published news for 2021 q1
SEC form 6
2021-04-30 07:48 ET
Pinduoduo published news for 2021 q1
SEC form 6
2021-03-18 06:41 ET
Pinduoduo published news for 2020 q4
SEC form 6
2020-12-22 06:05 ET
Pinduoduo published news for 2020 q3
SEC form 6
2020-11-18 09:07 ET
Pinduoduo published news for 2020 q3
SEC form 6
2020-11-17 08:22 ET
Pinduoduo published news for 2020 q3
SEC form 6
2020-11-16 16:02 ET
Pinduoduo published news for 2020 q3
SEC form 6
2020-11-13 07:36 ET
Pinduoduo published news for 2020 q3