JD.Com Inc
HKEX:9618

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JD.Com Inc
HKEX:9618
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Price: 141.7 HKD 3.66% Market Closed
Market Cap: 450.6B HKD

Relative Value

The Relative Value of one JD.Com Inc stock under the Base Case scenario is 181.85 HKD. Compared to the current market price of 141.7 HKD, JD.Com Inc is Undervalued by 22%.

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
181.85 HKD
Undervaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
75
vs Industry
54
Median 3Y
0.4
Median 5Y
0.6
Industry
0.5
Forward
0.3
vs History
75
vs Industry
46
Median 3Y
12
Median 5Y
14.1
Industry
15.9
Forward
7.4
vs History
75
vs Industry
37
Median 3Y
7.5
Median 5Y
11.3
Industry
7.5
vs History
75
vs Industry
41
Median 3Y
7.5
Median 5Y
11.4
Industry
14.6
vs History
75
vs Industry
36
Median 3Y
1.8
Median 5Y
2.7
Industry
1.5
vs History
71
vs Industry
74
Median 3Y
0.2
Median 5Y
0.4
Industry
0.6
Forward
0.2
vs History
76
vs Industry
56
Median 3Y
1.4
Median 5Y
2.7
Industry
2.1
vs History
78
vs Industry
42
Median 3Y
7.2
Median 5Y
18.7
Industry
8.1
Forward
3.5
vs History
80
vs Industry
53
Median 3Y
7.2
Median 5Y
23.3
Industry
12
Forward
4.6
vs History
71
vs Industry
57
Median 3Y
4.8
Median 5Y
7.6
Industry
8.7
vs History
71
vs Industry
54
Median 3Y
4.8
Median 5Y
8.3
Industry
12.2
vs History
75
vs Industry
43
Median 3Y
0.9
Median 5Y
1.8
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
411.4B HKD 0.3 9.4 5.6 5.6
US
Amazon.com Inc
NASDAQ:AMZN
2T USD 3 32.7 15.8 28
ZA
Naspers Ltd
JSE:NPN
869.4B Zac 0 0 0 0
CN
Alibaba Group Holding Ltd
NYSE:BABA
254.7B USD 1.9 15.4 12.3 12.3
CN
Pinduoduo Inc
NASDAQ:PDD
127.7B USD 2.3 8.2 5.6 5.6
CN
Meituan
HKEX:3690
879.1B HKD 2.5 23.3 21.4 21.4
AR
Mercadolibre Inc
NASDAQ:MELI
98.4B USD 4.7 51 29 35.8
UY
MercadoLibre Inc
BMV:MELIN
1.9T MXN 4.6 50.1 28.2 34.8
NL
Prosus NV
AEX:PRX
87.4B EUR 16.3 12.2 2 390.6 2 390.6
US
DoorDash Inc
NASDAQ:DASH
75.7B USD 7 610.6 116.1 1 564
KR
Coupang Inc
NYSE:CPNG
37.7B USD 1.2 242.4 38.3 76.3
P/S Multiple
Revenue Growth P/S to Growth
CN
JD.Com Inc
HKEX:9618
Average P/S: 4.4
0.3
5%
0.1
US
Amazon.com Inc
NASDAQ:AMZN
3
11%
0.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available
12%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
1.9
8%
0.2
CN
Pinduoduo Inc
NASDAQ:PDD
2.3
18%
0.1
CN
Meituan
HKEX:3690
2.5
15%
0.2
AR
Mercadolibre Inc
NASDAQ:MELI
4.7
23%
0.2
UY
MercadoLibre Inc
BMV:MELIN
4.6
23%
0.2
NL
Prosus NV
AEX:PRX
16.3
14%
1.2
US
D
DoorDash Inc
NASDAQ:DASH
7
20%
0.4
KR
Coupang Inc
NYSE:CPNG
1.2
14%
0.1
P/E Multiple
Earnings Growth PEG
CN
JD.Com Inc
HKEX:9618
Average P/E: 105.5
9.4
16%
0.6
US
Amazon.com Inc
NASDAQ:AMZN
32.7
20%
1.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
18%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
15.4
38%
0.4
CN
Pinduoduo Inc
NASDAQ:PDD
8.2
16%
0.5
CN
Meituan
HKEX:3690
23.3
28%
0.8
AR
Mercadolibre Inc
NASDAQ:MELI
51
32%
1.6
UY
MercadoLibre Inc
BMV:MELIN
50.1
32%
1.6
NL
Prosus NV
AEX:PRX
12.2
18%
0.7
US
D
DoorDash Inc
NASDAQ:DASH
610.6
173%
3.5
KR
Coupang Inc
NYSE:CPNG
242.4
139%
1.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
JD.Com Inc
HKEX:9618
Average EV/EBITDA: 266.3
5.6
26%
0.2
US
Amazon.com Inc
NASDAQ:AMZN
15.8
26%
0.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
202%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
12.3
17%
0.7
CN
Pinduoduo Inc
NASDAQ:PDD
5.6
8%
0.7
CN
Meituan
HKEX:3690
21.4
52%
0.4
AR
Mercadolibre Inc
NASDAQ:MELI
29
29%
1
UY
MercadoLibre Inc
BMV:MELIN
28.2
29%
1
NL
Prosus NV
AEX:PRX
2 390.6
N/A N/A
US
D
DoorDash Inc
NASDAQ:DASH
116.1
97%
1.2
KR
Coupang Inc
NYSE:CPNG
38.3
62%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
JD.Com Inc
HKEX:9618
Average EV/EBIT: 417.4
5.6
15%
0.4
US
Amazon.com Inc
NASDAQ:AMZN
28
22%
1.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
12.3
20%
0.6
CN
Pinduoduo Inc
NASDAQ:PDD
5.6
7%
0.8
CN
Meituan
HKEX:3690
21.4
29%
0.7
AR
Mercadolibre Inc
NASDAQ:MELI
35.8
33%
1.1
UY
MercadoLibre Inc
BMV:MELIN
34.8
33%
1.1
NL
Prosus NV
AEX:PRX
2 390.6
N/A N/A
US
D
DoorDash Inc
NASDAQ:DASH
1 564
298%
5.2
KR
Coupang Inc
NYSE:CPNG
76.3
89%
0.9