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JD US​
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JD.com, Inc. American Depositary Receipt(JD US)

$27.91+0.421.53%Ext:$27.74-0.170.61%(Market Closed · 00:56:08 UTC)
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  • Home
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  • Get the full experience

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JD US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

JD.com, Inc. American Depositary Receipt(JD US)

$27.91+0.421.53%Ext:$27.74-0.170.61%(Market Closed · 00:56:08 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

JD.com, Inc. American Depositary Receipt — Company Profile

JD.com, Inc. operates primarily in the People's Republic of China, delivering cutting-edge supply chain technologies and related services. Its comprehensive e-commerce platform offers a vast array of products, from electronic devices like computers, communication equipment, and consumer gadgets, to various home appliances. The general merchandise selection is extensive, featuring groceries (food, beverages, and fresh produce), infant and maternity supplies, home furnishings, beauty and personal care items, pharmaceuticals, books, automotive accessories, clothing, footwear, bags, and jewelry. Beyond direct retail, the company also provides an online marketplace for independent merchants, offers marketing support, and implements integrated online-to-offline (omni-channel) solutions for both its clientele and traditional retailers. Furthermore, JD.com extends its services into digital healthcare. A significant aspect of its operations involves developing, owning, and managing its own advanced logistics infrastructure and associated real estate. These facilities not only serve the company's needs but also support third-party businesses, and JD.com offers asset management services to investors in the logistics property sector. Additionally, the company provides holistic industry solutions that integrate data, technology, business processes, and user management, designed to facilitate the digital transformation of various enterprises and institutions. Established in 2006, the organization was initially known as 360buy Jingdong Inc. before officially rebranding to JD.com, Inc. in January 2014. Its principal executive offices are situated in Beijing, People's Republic of China.

Exchange
UQ
CEO
Ran Xu
Headquarters
Beijing, F4, CN
IPO Date
May 22, 2014
Employees
900,000
Website
global.jd.com

Key Metrics

Price
$25.78
Market Cap
$36.19B
Revenue (TTM)
$313.78B
Net Income (TTM)
$5.07B
EPS (TTM)
3.72
P/E (TTM)
2.62
P/B (TTM)
0.17
Dividend Yield
3.53%
ROE (TTM)
8.72%
ROA (TTM)
2.82%
Operating Margin
0.21%
Beta
0.66

Dividends

Last Dividend
$1.00

JD.com, Inc. American Depositary Receipt — Company Profile

JD.com, Inc. operates primarily in the People's Republic of China, delivering cutting-edge supply chain technologies and related services. Its comprehensive e-commerce platform offers a vast array of products, from electronic devices like computers, communication equipment, and consumer gadgets, to various home appliances. The general merchandise selection is extensive, featuring groceries (food, beverages, and fresh produce), infant and maternity supplies, home furnishings, beauty and personal care items, pharmaceuticals, books, automotive accessories, clothing, footwear, bags, and jewelry. Beyond direct retail, the company also provides an online marketplace for independent merchants, offers marketing support, and implements integrated online-to-offline (omni-channel) solutions for both its clientele and traditional retailers. Furthermore, JD.com extends its services into digital healthcare. A significant aspect of its operations involves developing, owning, and managing its own advanced logistics infrastructure and associated real estate. These facilities not only serve the company's needs but also support third-party businesses, and JD.com offers asset management services to investors in the logistics property sector. Additionally, the company provides holistic industry solutions that integrate data, technology, business processes, and user management, designed to facilitate the digital transformation of various enterprises and institutions. Established in 2006, the organization was initially known as 360buy Jingdong Inc. before officially rebranding to JD.com, Inc. in January 2014. Its principal executive offices are situated in Beijing, People's Republic of China.

Exchange
UQ
CEO
Ran Xu
Headquarters
Beijing, F4, CN
IPO Date
May 22, 2014
Employees
900,000
Website
global.jd.com

Key Metrics

Price
$25.78
Market Cap
$36.19B
Revenue (TTM)
$313.78B
Net Income (TTM)
$5.07B
EPS (TTM)
3.72
P/E (TTM)
2.62
P/B (TTM)
0.17
Dividend Yield
3.53%
ROE (TTM)
8.72%
ROA (TTM)
2.82%
Operating Margin
0.21%
Beta
0.66

Dividends

Last Dividend
$1.00
Last Yield
0.04%

Summary

JD.com, Inc. operates primarily in the People's Republic of China, delivering cutting-edge supply chain technologies and related services. Its comprehensive e-commerce platform offers a vast array of products, from electronic devices like computers, communication equipment, and consumer gadgets, to various home appliances. The general merchandise selection is extensive, featuring groceries (food, beverages, and fresh produce), infant and maternity supplies, home furnishings, beauty and personal care items, pharmaceuticals, books, automotive accessories, clothing, footwear, bags, and jewelry. Beyond direct retail, the company also provides an online marketplace for independent merchants, offers marketing support, and implements integrated online-to-offline (omni-channel) solutions for both its clientele and traditional retailers. Furthermore, JD.com extends its services into digital healthcare. A significant aspect of its operations involves developing, owning, and managing its own advanced logistics infrastructure and associated real estate. These facilities not only serve the company's needs but also support third-party businesses, and JD.com offers asset management services to investors in the logistics property sector. Additionally, the company provides holistic industry solutions that integrate data, technology, business processes, and user management, designed to facilitate the digital transformation of various enterprises and institutions. Established in 2006, the organization was initially known as 360buy Jingdong Inc. before officially rebranding to JD.com, Inc. in January 2014. Its principal executive offices are situated in Beijing, People's Republic of China.

Website
global.jd.com
Location
Beijing, F4, CN
Phone86 40 0606 5500
Employees900,000
CEORan Xu
IPO DateMay 22, 2014

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(393)

Expand
  • 6-KCurrent report (foreign private issuer)12 Nov
  • 6-KCurrent report (foreign private issuer)4 Nov
  • Form 4Li Carol Yun Yau23 Sep
  • Form 144Fortune Rising Holdings Ltd18 Sep
  • Form 4Yu Jennifer Ngar-Wing17 Aug
  • Form 4Ding Kun17 Aug
  • 6-KCurrent report (foreign private issuer)13 Aug
  • 6-KCurrent report (foreign private issuer)31 Jul
  • SC 13GJD.com, Inc.28 Jul
  • Form 4Shan Su6 Jul
  • Form 4Xu Ran6 Jul
  • Form 144Shan Su30 Jun
  • Form 144Xu Ran30 Jun
  • Form 144Fortune Rising Holdings Ltd18 Jun
  • Form 4Scheufele Caroline8 Jun
  • 6-KCurrent report (foreign private issuer)5 Jun
  • Form 4Hsieh Louis26 May
  • Form 4Xu Dingbo26 May
  • 6-KCurrent report (foreign private issuer)18 May
  • Form 4Hsieh Louis15 May

News

  • The Big Short Investor Is Buying This Stock At a 50% Discount12 Nov
  • Alibaba Sinks 8% on Report U.S. Is Finalizing Curbs on China’s Remote AI Chip Access; Baidu Falls 4%, PDD Slides 3%12 Nov
  • JD.com seeks to lead Europe's online electronics retail with Ceconomy deal12 Nov
  • JD.com Completes Voluntary Public Takeover Offer of CECONOMY12 Nov
  • Michael Burry's Portfolio: What the ‘Big Short' Investor Owns Now11 Nov
  • Here is What to Know Beyond Why JD.com, Inc. (JD) is a Trending Stock11 Nov
  • JD Vance Emerges as Lead Iran Negotiator11 Nov
  • PPI Data in Focus11 Nov
  • Wall Street Bulls Look Optimistic About JD.com (JD): Should You Buy?10 Nov
  • JD.com, Inc. (JD) Stock Sinks As Market Gains: What You Should Know9 Nov
  • JD.com: Improving Margins, Narrowing Losses, And A Depressed Valuation6 Nov
  • JD Vance is suggesting this is why the GOP lost the midterms: Marc Thiessen5 Nov
  • JD Vance Breaks With Trump on Iran and Israel After US Midterms Collapse5 Nov
  • JD Vance Criticizes Iran War as GOP Blame Game Starts5 Nov
  • JD.com to Report Third Quarter 2026 Financial Results on November 17, 20264 Nov
  • Why the Market Dipped But JD.com, Inc. (JD) Gained Today2 Nov
  • Alibaba, JD.com, PDD Stocks Climb Monday After Brutal October for Chinese Stocks: What's Going On?2 Nov
  • Is Trending Stock JD.com, Inc. (JD) a Buy Now?30 Oct
  • JD.com, Inc. (JD) Rises Higher Than Market: Key Facts27 Oct
  • JD.com, Inc. (JD) Stock Falls Amid Market Uptick: What Investors Need to Know21 Oct

Mentions in Filings

  • … ited, a consolidated subsidiary, wholesales Hong Kong-made herbal medicines and health-related products to major e-commerce platforms in China. During this interim consolidated accounting period, wholesale sales to Tmall, <strong>JD.com</strong>, and Alibaba Health progressed smoothly, utilizing the "Wholesaler Licence in Proprietary Chinese Medicines" obtained from the Hong Kong Special Administrative Region Government. In addition, preparations for obtaining th …
    UNIVA Oak Holdings LimitedJD.com, Inc. American Depositary Receipt·Interim Report - Semi-Annual Report (2026.04.01-2026.09.30)·13 Nov·13 Nov
  • … ation in technology, AI, blockchain, and e-commerce. Mr. Bono’s career spans roles as Co-Founder & CEO of ClustAI, Chief Digital Officer at DKSH, CEO of Habbitzz eCommerce at PCCW, Growth Officer at JD.ID, a subsidiary of <strong>JD.com</strong>, and non-executive director of FAT Projects Acquisition Corp. from 2021 to 2024. Mr. Bono currently serves as chief executive officer and a director of Hall Chadwick Acquisition Corp II, a Cayman Islands exempted company …
    REEcycle Holdings, Inc.JD.com, Inc. American Depositary Receipt·S-4/A - Registration statement (business combination, amendment)·Q4 26·12 Nov
  • … crease of 12.7%; the total net profit reached RMB385.44 billion, a year-on-year increase of 42.4%.”6 According to a 2024 report of ChinaIRN, an industry research institution in China, traditional e-commerce platforms like <strong>JD.com</strong>, Taobao Tmall, and Suning.com are experiencing saturated traffic with growth stagnating. Emerging social e-commerce platforms like Douyin (TikTok) and Xiaohongshu (Little Red Book) are seeing increasingly expensive online …
    Jingrui Wang Pu Holdings Group Ltd.JD.com, Inc. American Depositary Receipt·F-1/A - Registration statement (foreign issuer, amendment)·Q3 27·10 Nov
  • … new programs with Wuling and Chery that expand lidar into high-volume mass-market vehicles and export markets. Meanwhile, in robotics, Hesai ranked No. 1 globally in the 2025 robotaxi lidar market with a 62% share, according to Yole Group. We also partnered with <strong>JD.com</strong>, China’s largest retailer by revenues, leveraging our 6D full-color lidar and advanced perception capabilities to support its ambition to build the world’s largest robotics fleet.”
    Hesai GroupJD.com, Inc. American Depositary Receipt·EX-99.1 - 6-K - EXHIBIT 99.1·Q4 26·10 Nov
  • … nd cross-border e-commerce presents a major challenge for the guitar and associated services sector in Hong Kong. Global platforms such as Reverb, eBay, and Carousell, together with mainland Chinese giants like Taobao and <strong>JD.com</strong>, offer significantly lower prices, broader selection, and seamless direct-to-consumer delivery, often undercutting local retailers on entry-level and mid-range guitars as well as accessories. Hong Kong consumers benefit f …
    Guitar Group LtdJD.com, Inc. American Depositary Receipt·F-1 - Registration statement (foreign issuer)·Q1 27·5 Nov
  • Notes: 1. FY27 Chinese Valentine’s Day vs. FY26 Chinese Valentine’s Day 2. Douyin, time during Beauty of Glory IP period vs. last year same period Tmall <strong>JD.com</strong> Douyin (TikTok) E-COMMERCE PLATFORMS SOCIAL MEDIA Red Book Douyin (TikTok) Tencent Bilibili OFFLINE RETAILERSDEEP STAKEHOLDER RELATIONSHIPS Beauty of Glory co-created by MAC x Douyin Immersive makeup competition reality show ~3x average watch time, 7x GMV, 50M+ topic views2 EXAMPLE Secured …
    ESTEE LAUDER COMPANIES INCJD.com, Inc. American Depositary Receipt·EX-99.4 - 8-K - Regulation FD Disclosure·Q2 27·4 Nov

Key Stats

Trading

Px/Chg 1D$25.78 / -2.24%
Avg Volume10.07M
Beta0.66
Mkt Cap36.19B
FD Mkt Cap40.35B

Float

Shrs Out/Float1.40B / 1.21B
Short Float0.03%
Days to Cover3.04
Stock Repurchased$21.43B

Current Valuation

EV92.87B
EV/EBITDA3.00
EV/Sales0.07
P/B0.17
P/S0.03
FCF Yield40.47%
ROE8.72%
ROA2.82%
Current Ratio1.22

Dividend

Cash$1.00
Yield3.53%
Yield (TTM)3.53%

Estimates

P/E2.62
Est P/E0.00
Est EPS0.57
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-0.015.282.191.34-16.027.14
Price / Sales0.080.050.050.050.120.12
Price / Book Value0.220.260.230.230.190.17
Price / Free Cash Flow1.911.531.341.252.972.47
ENTERPRISE VALUE METRICS
Enterprise Value97,832.2101,794.8113,915.6110,877.869,699.292,873.8
Enterprise Value / Sales0.160.100.110.100.200.30
Enterprise Value / EBITDA9.834.392.662.3430.818.95
Enterprise Value / EBIT71.606.373.302.80333.4912.02

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue8.3%951,592.01,046,236.01,084,662.01,158,819.01,309,085.0
Gross Income-1.4%129,066.0147,073.0159,704.0113,442.0121,852.0
EBITDA65.9%4,865.023,209.042,823.047,356.736,827.0
EBIT—-1,367.015,973.034,531.039,570.028,126.0
Net Income—-3,560.010,380.024,167.041,359.019,631.0
EPS (Diluted)—-2.306.4215.2426.9012.90
BALANCE SHEET
Cash & ST Inv5%185,331.0219,956.0190,146.0233,995.0225,512.5
Total Assets8.8%496,507.0595,250.0628,958.0698,234.0695,643.7
Total Liabilities12.6%249,723.0321,127.0332,578.0384,937.0401,673.6
Total Shareholder Equity1.9%208,911.0213,366.0231,858.0239,347.0225,183.3
CASH FLOW
Net Operating Cash Flow-18.1%42,301.357,819.059,521.058,095.018,991.0
Cap Ex-6.5%-18,565.9-21,980.0-20,015.0-13,819.0-14,184.0
Free Cash Flow-32.9%23,735.435,839.039,506.044,276.04,807.0

Enterprise Value Bridge

Millions CNY13 Nov '26
Price (As of 13 Nov '26)27.65
Basic Shares1,403.85
Market Cap38,816.4
Diluted Shares1,408.00
Fully Diluted Shares Outstanding1,408.00
Fully Diluted Market Cap38,931.2
+Consolidated Debt105,345.2
−In-the-Money Convertible Debt—
+Capital Leases25,376.0
+Operating Leases—
−Cash & Equivalents-102,500.2
−Short-term Investments-132,640.9
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest63,279.4
+Pension Liabilities—
Enterprise Value104,940.8

Segment data

Revenue

by Products and services

  • Electronics And Home Appliance Products46%
  • General Merchandise Products32%
  • Logistics And Other Services14%
  • Online Marketplace And Marketing Services8%

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Last Yield
0.04%

Summary

JD.com, Inc. operates primarily in the People's Republic of China, delivering cutting-edge supply chain technologies and related services. Its comprehensive e-commerce platform offers a vast array of products, from electronic devices like computers, communication equipment, and consumer gadgets, to various home appliances. The general merchandise selection is extensive, featuring groceries (food, beverages, and fresh produce), infant and maternity supplies, home furnishings, beauty and personal care items, pharmaceuticals, books, automotive accessories, clothing, footwear, bags, and jewelry. Beyond direct retail, the company also provides an online marketplace for independent merchants, offers marketing support, and implements integrated online-to-offline (omni-channel) solutions for both its clientele and traditional retailers. Furthermore, JD.com extends its services into digital healthcare. A significant aspect of its operations involves developing, owning, and managing its own advanced logistics infrastructure and associated real estate. These facilities not only serve the company's needs but also support third-party businesses, and JD.com offers asset management services to investors in the logistics property sector. Additionally, the company provides holistic industry solutions that integrate data, technology, business processes, and user management, designed to facilitate the digital transformation of various enterprises and institutions. Established in 2006, the organization was initially known as 360buy Jingdong Inc. before officially rebranding to JD.com, Inc. in January 2014. Its principal executive offices are situated in Beijing, People's Republic of China.

Website
global.jd.com
Location
Beijing, F4, CN
Phone86 40 0606 5500
Employees900,000
CEORan Xu
IPO DateMay 22, 2014

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(393)

Expand
  • 6-KCurrent report (foreign private issuer)12 Nov
  • 6-KCurrent report (foreign private issuer)4 Nov
  • Form 4Li Carol Yun Yau23 Sep
  • Form 144Fortune Rising Holdings Ltd18 Sep
  • Form 4Yu Jennifer Ngar-Wing17 Aug
  • Form 4Ding Kun17 Aug
  • 6-KCurrent report (foreign private issuer)13 Aug
  • 6-KCurrent report (foreign private issuer)31 Jul
  • SC 13GJD.com, Inc.28 Jul
  • Form 4Shan Su6 Jul
  • Form 4Xu Ran6 Jul
  • Form 144Shan Su30 Jun
  • Form 144Xu Ran30 Jun
  • Form 144Fortune Rising Holdings Ltd18 Jun
  • Form 4Scheufele Caroline8 Jun
  • 6-KCurrent report (foreign private issuer)5 Jun
  • Form 4Hsieh Louis26 May
  • Form 4Xu Dingbo26 May
  • 6-KCurrent report (foreign private issuer)18 May
  • Form 4Hsieh Louis15 May

News

  • The Big Short Investor Is Buying This Stock At a 50% Discount12 Nov
  • Alibaba Sinks 8% on Report U.S. Is Finalizing Curbs on China’s Remote AI Chip Access; Baidu Falls 4%, PDD Slides 3%12 Nov
  • JD.com seeks to lead Europe's online electronics retail with Ceconomy deal12 Nov
  • JD.com Completes Voluntary Public Takeover Offer of CECONOMY12 Nov
  • Michael Burry's Portfolio: What the ‘Big Short' Investor Owns Now11 Nov
  • Here is What to Know Beyond Why JD.com, Inc. (JD) is a Trending Stock11 Nov
  • JD Vance Emerges as Lead Iran Negotiator11 Nov
  • PPI Data in Focus11 Nov
  • Wall Street Bulls Look Optimistic About JD.com (JD): Should You Buy?10 Nov
  • JD.com, Inc. (JD) Stock Sinks As Market Gains: What You Should Know9 Nov
  • JD.com: Improving Margins, Narrowing Losses, And A Depressed Valuation6 Nov
  • JD Vance is suggesting this is why the GOP lost the midterms: Marc Thiessen5 Nov
  • JD Vance Breaks With Trump on Iran and Israel After US Midterms Collapse5 Nov
  • JD Vance Criticizes Iran War as GOP Blame Game Starts5 Nov
  • JD.com to Report Third Quarter 2026 Financial Results on November 17, 20264 Nov
  • Why the Market Dipped But JD.com, Inc. (JD) Gained Today2 Nov
  • Alibaba, JD.com, PDD Stocks Climb Monday After Brutal October for Chinese Stocks: What's Going On?2 Nov
  • Is Trending Stock JD.com, Inc. (JD) a Buy Now?30 Oct
  • JD.com, Inc. (JD) Rises Higher Than Market: Key Facts27 Oct
  • JD.com, Inc. (JD) Stock Falls Amid Market Uptick: What Investors Need to Know21 Oct

Mentions in Filings

  • … ited, a consolidated subsidiary, wholesales Hong Kong-made herbal medicines and health-related products to major e-commerce platforms in China. During this interim consolidated accounting period, wholesale sales to Tmall, <strong>JD.com</strong>, and Alibaba Health progressed smoothly, utilizing the "Wholesaler Licence in Proprietary Chinese Medicines" obtained from the Hong Kong Special Administrative Region Government. In addition, preparations for obtaining th …
    UNIVA Oak Holdings LimitedJD.com, Inc. American Depositary Receipt·Interim Report - Semi-Annual Report (2026.04.01-2026.09.30)·13 Nov·13 Nov
  • … ation in technology, AI, blockchain, and e-commerce. Mr. Bono’s career spans roles as Co-Founder & CEO of ClustAI, Chief Digital Officer at DKSH, CEO of Habbitzz eCommerce at PCCW, Growth Officer at JD.ID, a subsidiary of <strong>JD.com</strong>, and non-executive director of FAT Projects Acquisition Corp. from 2021 to 2024. Mr. Bono currently serves as chief executive officer and a director of Hall Chadwick Acquisition Corp II, a Cayman Islands exempted company …
    REEcycle Holdings, Inc.JD.com, Inc. American Depositary Receipt·S-4/A - Registration statement (business combination, amendment)·Q4 26·12 Nov
  • … crease of 12.7%; the total net profit reached RMB385.44 billion, a year-on-year increase of 42.4%.”6 According to a 2024 report of ChinaIRN, an industry research institution in China, traditional e-commerce platforms like <strong>JD.com</strong>, Taobao Tmall, and Suning.com are experiencing saturated traffic with growth stagnating. Emerging social e-commerce platforms like Douyin (TikTok) and Xiaohongshu (Little Red Book) are seeing increasingly expensive online …
    Jingrui Wang Pu Holdings Group Ltd.JD.com, Inc. American Depositary Receipt·F-1/A - Registration statement (foreign issuer, amendment)·Q3 27·10 Nov
  • … new programs with Wuling and Chery that expand lidar into high-volume mass-market vehicles and export markets. Meanwhile, in robotics, Hesai ranked No. 1 globally in the 2025 robotaxi lidar market with a 62% share, according to Yole Group. We also partnered with <strong>JD.com</strong>, China’s largest retailer by revenues, leveraging our 6D full-color lidar and advanced perception capabilities to support its ambition to build the world’s largest robotics fleet.”
    Hesai GroupJD.com, Inc. American Depositary Receipt·EX-99.1 - 6-K - EXHIBIT 99.1·Q4 26·10 Nov
  • … nd cross-border e-commerce presents a major challenge for the guitar and associated services sector in Hong Kong. Global platforms such as Reverb, eBay, and Carousell, together with mainland Chinese giants like Taobao and <strong>JD.com</strong>, offer significantly lower prices, broader selection, and seamless direct-to-consumer delivery, often undercutting local retailers on entry-level and mid-range guitars as well as accessories. Hong Kong consumers benefit f …
    Guitar Group LtdJD.com, Inc. American Depositary Receipt·F-1 - Registration statement (foreign issuer)·Q1 27·5 Nov
  • Notes: 1. FY27 Chinese Valentine’s Day vs. FY26 Chinese Valentine’s Day 2. Douyin, time during Beauty of Glory IP period vs. last year same period Tmall <strong>JD.com</strong> Douyin (TikTok) E-COMMERCE PLATFORMS SOCIAL MEDIA Red Book Douyin (TikTok) Tencent Bilibili OFFLINE RETAILERSDEEP STAKEHOLDER RELATIONSHIPS Beauty of Glory co-created by MAC x Douyin Immersive makeup competition reality show ~3x average watch time, 7x GMV, 50M+ topic views2 EXAMPLE Secured …
    ESTEE LAUDER COMPANIES INCJD.com, Inc. American Depositary Receipt·EX-99.4 - 8-K - Regulation FD Disclosure·Q2 27·4 Nov

Key Stats

Trading

Px/Chg 1D$25.78 / -2.24%
Avg Volume10.07M
Beta0.66
Mkt Cap36.19B
FD Mkt Cap40.35B

Float

Shrs Out/Float1.40B / 1.21B
Short Float0.03%
Days to Cover3.04
Stock Repurchased$21.43B

Current Valuation

EV92.87B
EV/EBITDA3.00
EV/Sales0.07
P/B0.17
P/S0.03
FCF Yield40.47%
ROE8.72%
ROA2.82%
Current Ratio1.22

Dividend

Cash$1.00
Yield3.53%
Yield (TTM)3.53%

Estimates

P/E2.62
Est P/E0.00
Est EPS0.57
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-0.015.282.191.34-16.027.14
Price / Sales0.080.050.050.050.120.12
Price / Book Value0.220.260.230.230.190.17
Price / Free Cash Flow1.911.531.341.252.972.47
ENTERPRISE VALUE METRICS
Enterprise Value97,832.2101,794.8113,915.6110,877.869,699.292,873.8
Enterprise Value / Sales0.160.100.110.100.200.30
Enterprise Value / EBITDA9.834.392.662.3430.818.95
Enterprise Value / EBIT71.606.373.302.80333.4912.02

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue8.3%951,592.01,046,236.01,084,662.01,158,819.01,309,085.0
Gross Income-1.4%129,066.0147,073.0159,704.0113,442.0121,852.0
EBITDA65.9%4,865.023,209.042,823.047,356.736,827.0
EBIT—-1,367.015,973.034,531.039,570.028,126.0
Net Income—-3,560.010,380.024,167.041,359.019,631.0
EPS (Diluted)—-2.306.4215.2426.9012.90
BALANCE SHEET
Cash & ST Inv5%185,331.0219,956.0190,146.0233,995.0225,512.5
Total Assets8.8%496,507.0595,250.0628,958.0698,234.0695,643.7
Total Liabilities12.6%249,723.0321,127.0332,578.0384,937.0401,673.6
Total Shareholder Equity1.9%208,911.0213,366.0231,858.0239,347.0225,183.3
CASH FLOW
Net Operating Cash Flow-18.1%42,301.357,819.059,521.058,095.018,991.0
Cap Ex-6.5%-18,565.9-21,980.0-20,015.0-13,819.0-14,184.0
Free Cash Flow-32.9%23,735.435,839.039,506.044,276.04,807.0

Enterprise Value Bridge

Millions CNY13 Nov '26
Price (As of 13 Nov '26)27.65
Basic Shares1,403.85
Market Cap38,816.4
Diluted Shares1,408.00
Fully Diluted Shares Outstanding1,408.00
Fully Diluted Market Cap38,931.2
+Consolidated Debt105,345.2
−In-the-Money Convertible Debt—
+Capital Leases25,376.0
+Operating Leases—
−Cash & Equivalents-102,500.2
−Short-term Investments-132,640.9
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest63,279.4
+Pension Liabilities—
Enterprise Value104,940.8

Segment data

Revenue

by Products and services

  • Electronics And Home Appliance Products46%
  • General Merchandise Products32%
  • Logistics And Other Services14%
  • Online Marketplace And Marketing Services8%

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