JD Stock Analysis: JD.com | NASDAQ
Internet Retail | NASDAQ, USA | Market Cap: 35.950m USD | 12M Return: -13.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 218M
EPS Trend: -25.5%
Qual. Beats: 1
Rev. Trend: 96.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
JD.com is a supply chain-based technology and service provider headquartered in Beijing, operating primarily in China with a presence in Europe. The company is structured around three segments: JD Retail (its core e-commerce operations), JD Logistics, and New Businesses. It sells a broad range of goods, including electronics, home appliances, apparel, cosmetics, food and fresh produce, pharmaceuticals, books and media, virtual goods, and industrial products. Beyond direct retail, JD runs a third-party online marketplace, offers marketing and omni-channel services, operates its own logistics and real estate infrastructure, and provides technology-driven supply chain and healthcare services. The company was incorporated in 2006, originally as 360buy Jingdong Inc., and adopted the JD.com name in January 2014.
As a large-cap stock in the Consumer Discretionary sector (GICS Broadline Retail), JD.com runs a hybrid retail model that combines first-party direct sales with a third-party merchant marketplace, a structure comparable to Amazon. A key differentiator is its vertically integrated logistics network, which the company owns and operates to support both its own retail operations and external clients.
- JD Retail revenue growth accelerates on China consumption recovery
- Third-party marketplace expansion lifts JD take rate and margins
- JD Logistics narrows losses on higher fulfillment revenue
| Net Income: 13.8b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.81 > 1.0 |
| NWC/Revenue: 4.19% < 20% (prev 6.09%; Δ -1.90% < -1%) |
| CFO/TA 0.09 > 3% & CFO 58.1b > Net Income 13.8b |
| Net Debt (-73.6b) to EBITDA (31.0b): -2.38 < 3 |
| Current Ratio: 1.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.43b) vs 12m ago -5.60% < -2% |
| Gross Margin: 9.57% > 18% (prev 12.96%; Δ -3.40% > 0.5%) |
| Asset Turnover: 194.2% > 50% (prev 177.0%; Δ 17.23% > 0%) |
| Interest Coverage Ratio: 7.60 > 6 (EBIT TTM 21.9b / Interest Expense TTM 2.88b) |
| A: 0.08 (Total Current Assets 363b - Total Current Liabilities 308b) / Total Assets 683b |
| B: 0.12 (Retained Earnings 85.0b / Total Assets 683b) |
| C: 0.03 (EBIT TTM 21.9b / Avg Total Assets 681b) |
| D: 0.53 (Book Value of Equity 216b / Total Liabilities 403b) |
| Altman-Z'' = 1.72 = BBB |
| DSRI: 0.69 (Receivables 26.3b/34.7b, Revenue 1322b/1200b) |
| GMI: 1.36 (GM 12.96% / 9.57%) |
| AQI: 0.92 (AQ_t 0.28 / AQ_t-1 0.30) |
| SGI: 1.10 (Revenue 1322b / 1200b) |
| TATA: -0.06 (NI 13.8b - CFO 58.1b) / TA 683b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of July 07, 2026, the stock is trading at USD 26.78 with a total of 5,261,241 shares traded. Over the past week, the price has changed by +5.47%, over one month by -6.33%, over three months by -2.79% and over the past year by -13.44%.
Current recommended Stop Loss: 25.80 (which is 3.7% or 1.3 ATR below the current price).
JD.com has received a consensus analysts rating of 4.66. Therefore, it is recommended to buy JD.
- StrongBuy: 28
- Buy: 7
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 39.9 | 49.1% |
Market Cap CNY = 244b (36.0b USD * 6.7805 USD.CNY)
P/E Trailing = 19.5735
P/E Forward = 8.8417
P/S = 0.0272
P/B = 1.1158
P/EG = 0.6749
Revenue TTM = 1322b CNY
EBIT TTM = 21.9b CNY
EBITDA TTM = 31.0b CNY
Long Term Debt = 62.7b CNY (from longTermDebt, last quarter)
Short Term Debt = 21.1b CNY (from shortTermDebt, last quarter)
Debt = 141b CNY (from shortLongTermDebtTotal, last quarter) + Leases 33.6b
Net Debt = -73.6b CNY (calculated: Debt 141b - CCE 215b)
Enterprise Value = 170b CNY (244b + Debt 141b - CCE 215b)
Interest Coverage Ratio = 7.60 (Ebit TTM 21.9b / Interest Expense TTM 2.88b)
EV/FCF = 5.30x (Enterprise Value 170b / FCF TTM 32.1b)
FCF Yield = 18.86% (FCF TTM 32.1b / Enterprise Value 170b)
FCF Margin = 2.43% (FCF TTM 32.1b / Revenue TTM 1322b)
Net Margin = 1.04% (Net Income TTM 13.8b / Revenue TTM 1322b)
Gross Margin = 9.57% ((Revenue TTM 1322b - Cost of Revenue TTM 1195b) / Revenue TTM)
Gross Margin QoQ = 16.71% (prev -3.15%)
Tobins Q-Ratio = 0.25 (Enterprise Value 170b / Total Assets 683b)
Interest Expense / Debt = 2.04% (Interest Expense 2.88b / Debt 141b)
Taxrate = 7.20% (1.37b / 19.0b)
NOPAT = 20.3b (EBIT 21.9b * (1 - 7.20%))
Current Ratio = 1.18 (Total Current Assets 363b / Total Current Liabilities 308b)
Debt / Equity = 0.65 (Debt 141b / totalStockholderEquity, last quarter 216b)
Debt / EBITDA = -2.38 (Net Debt -73.6b / EBITDA 31.0b)
Debt / FCF = -2.29 (Net Debt -73.6b / FCF TTM 32.1b)
Total Stockholder Equity = 225b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.03% (Net Income 13.8b / Total Assets 683b)
RoE = 6.14% (Net Income TTM 13.8b / Total Stockholder Equity 225b)
RoCE = 7.62% (EBIT 21.9b / Capital Employed (Equity 225b + L.T.Debt 62.7b))
RoIC = 6.16% (NOPAT 20.3b / Invested Capital 330b)
WACC = 6.76% (E(244b)/V(385b) * Re(9.58%) + D(141b)/V(385b) * Rd(2.04%) * (1-Tc(0.07)))
Discount Rate = 9.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -71.91 | Cagr: -4.34%
[DCF] Terminal Value 77.97% ; FCFF base≈29.8b ; Y1≈34.1b ; Y5≈50.2b
[DCF] Fair Price = 614.4 (EV 756b - Net Debt -73.6b = Equity 830b / Shares 1.35b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -25.51 | EPS CAGR: -7.31% | SUE: 1.06 | # QB: 1
Revenue Correlation: 96.59 | Revenue CAGR: 9.32% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-06-30): EPS=5.63 | Chg30d=-1.55% | Revisions=+36% | Analysts=18
EPS next Quarter (2026-09-30): EPS=6.53 | Chg30d=-0.67% | Revisions=-15% | Analysts=15
EPS current Year (2026-12-31): EPS=22.23 | Chg30d=-1.19% | Revisions=+81% | GrowthEPS=+24.8% | GrowthRev=+5.7%
EPS next Year (2027-12-31): EPS=29.01 | Chg30d=-1.61% | Revisions=+50% | GrowthEPS=+30.5% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: +54% (up=53, down=15)