JD.Com Inc
HKEX:9618

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JD.Com Inc
HKEX:9618
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Price: 137.4 HKD -3.03% Market Closed
Market Cap: 380.5B HKD
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Relative Value

The Relative Value of one JD.Com Inc stock under the Base Case scenario is 222.98 HKD. Compared to the current market price of 137.4 HKD, JD.Com Inc is Undervalued by 38%.

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
222.98 HKD
Undervaluation 38%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
75
vs Industry
69
Median 3Y
0.4
Median 5Y
0.6
Industry
0.6
Forward
0.3
vs History
71
vs Industry
45
Median 3Y
12.5
Median 5Y
15.3
Industry
16.7
Forward
15
vs History
73
vs Industry
57
Median 3Y
8.7
Median 5Y
12.1
Industry
8
vs History
73
vs Industry
50
Median 3Y
8.7
Median 5Y
12.1
Industry
15.5
vs History
75
vs Industry
50
Median 3Y
1.9
Median 5Y
2.8
Industry
1.6
vs History
67
vs Industry
85
Median 3Y
0.3
Median 5Y
0.4
Industry
0.7
Forward
0.2
vs History
67
vs Industry
74
Median 3Y
1.6
Median 5Y
3
Industry
2.2
vs History
75
vs Industry
56
Median 3Y
9.5
Median 5Y
29.9
Industry
8.5
Forward
4.6
vs History
75
vs Industry
59
Median 3Y
9.5
Median 5Y
29.9
Industry
12.8
Forward
5.8
vs History
71
vs Industry
68
Median 3Y
5.3
Median 5Y
8.3
Industry
9.1
vs History
71
vs Industry
61
Median 3Y
5.4
Median 5Y
8.8
Industry
12.8
vs History
71
vs Industry
74
Median 3Y
1
Median 5Y
1.9
Industry
1.1

Multiples Across Competitors

Competitors Multiples
JD.Com Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
JD.Com Inc
HKEX:9618
398.3B HKD 0.3 10.7 6.5 6.5
US
Amazon.com Inc
NASDAQ:AMZN
2.4T USD 3.8 47.4 21 38.7
ZA
Naspers Ltd
JSE:NPN
864B Zac 0 0 0 0
CN
Alibaba Group Holding Ltd
NYSE:BABA
197.1B USD 1.5 16.7 10.5 10.5
CN
Pinduoduo Inc
NASDAQ:PDD
138.2B USD 2.7 9.3 6.7 6.7
CN
Meituan
HKEX:3690
986.7B HKD 3 41.1 35.6 35.6
NL
Prosus NV
AEX:PRX
97.4B EUR 18.6 15.4 -587.9 -587.9
UY
MercadoLibre Inc
BMV:MELIN
1.7T MXN 4.6 60.7 32.1 41.8
AR
Mercadolibre Inc
NASDAQ:MELI
86.9B USD 4.6 60.5 32 41.6
US
DoorDash Inc
NASDAQ:DASH
71B USD 7 -412.7 215.8 -270.6
KR
Coupang Inc
NYSE:CPNG
41.2B USD 1.4 40 50.6 108.6
P/S Multiple
Revenue Growth P/S to Growth
CN
JD.Com Inc
HKEX:9618
Average P/S: 4.8
0.3
19%
0
US
Amazon.com Inc
NASDAQ:AMZN
3.8
39%
0.1
ZA
N
Naspers Ltd
JSE:NPN
Not Available
32%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
1.5
28%
0.1
CN
Pinduoduo Inc
NASDAQ:PDD
2.7
145%
0
CN
Meituan
HKEX:3690
3
62%
0
NL
Prosus NV
AEX:PRX
18.6
40%
0.5
UY
MercadoLibre Inc
BMV:MELIN
4.6
118%
0
AR
Mercadolibre Inc
NASDAQ:MELI
4.6
118%
0
US
D
DoorDash Inc
NASDAQ:DASH
7
74%
0.1
KR
Coupang Inc
NYSE:CPNG
1.4
71%
0
P/E Multiple
Earnings Growth P/E to Growth
CN
JD.Com Inc
HKEX:9618
Average P/E: 33.5
10.7
11%
1
US
Amazon.com Inc
NASDAQ:AMZN
47.4
167%
0.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available
82%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
16.7
146%
0.1
CN
Pinduoduo Inc
NASDAQ:PDD
9.3
168%
0.1
CN
Meituan
HKEX:3690
41.1
365%
0.1
NL
Prosus NV
AEX:PRX
15.4
50%
0.3
UY
MercadoLibre Inc
BMV:MELIN
60.7
217%
0.3
AR
Mercadolibre Inc
NASDAQ:MELI
60.5
223%
0.3
US
D
DoorDash Inc
NASDAQ:DASH
Negative Multiple: -412.7 N/A N/A
KR
Coupang Inc
NYSE:CPNG
40
8%
5.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
JD.Com Inc
HKEX:9618
Average EV/EBITDA: 45.6
6.5
74%
0.1
US
Amazon.com Inc
NASDAQ:AMZN
21
133%
0.2
ZA
N
Naspers Ltd
JSE:NPN
Not Available
1 697%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
10.5
40%
0.3
CN
Pinduoduo Inc
NASDAQ:PDD
6.7
227%
0
CN
Meituan
HKEX:3690
35.6
332%
0.1
NL
Prosus NV
AEX:PRX
Negative Multiple: -587.9 N/A N/A
UY
MercadoLibre Inc
BMV:MELIN
32.1
136%
0.2
AR
Mercadolibre Inc
NASDAQ:MELI
32
136%
0.2
US
D
DoorDash Inc
NASDAQ:DASH
215.8
N/A N/A
KR
Coupang Inc
NYSE:CPNG
50.6
266%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
JD.Com Inc
HKEX:9618
Average EV/EBIT: 36.3
6.5
83%
0.1
US
Amazon.com Inc
NASDAQ:AMZN
38.7
169%
0.2
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
10.5
41%
0.3
CN
Pinduoduo Inc
NASDAQ:PDD
6.7
207%
0
CN
Meituan
HKEX:3690
35.6
532%
0.1
NL
Prosus NV
AEX:PRX
Negative Multiple: -587.9 N/A N/A
UY
MercadoLibre Inc
BMV:MELIN
41.8
158%
0.3
AR
Mercadolibre Inc
NASDAQ:MELI
41.6
158%
0.3
US
D
DoorDash Inc
NASDAQ:DASH
Negative Multiple: -270.6 N/A N/A
KR
Coupang Inc
NYSE:CPNG
108.6
303%
0.4

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