(JD) JD.com - NASDAQ
Sector: Consumer Cyclical | Industry: Internet Retail | Exchange: NASDAQ (USA) | Market Cap: 37.233m USD | Total Return: -11.5% in 12m
Avg Turnover: 218M
EPS Trend: -25.5%
Qual. Beats: 1
Rev. Trend: 96.6%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
JD.com, Inc. is a leading supply chain-based technology and service provider operating primarily in China and Europe. The company functions through three core segments: JD Retail, JD Logistics, and New Businesses, offering a comprehensive range of consumer goods including electronics, home appliances, apparel, and healthcare products. Beyond direct sales, the firm provides third-party marketplace services, marketing solutions, and integrated logistics infrastructure to external partners.
Operating within the Broadline Retail sub-industry, JD.com distinguishes itself through a capital-intensive business model that prioritizes self-operated logistics and proprietary fulfillment networks. This vertical integration allows for greater control over the end-to-end customer experience and delivery speed compared to asset-light marketplace competitors. Investors can examine detailed performance metrics on ValueRay to further evaluate the companys valuation. Historically known as 360buy Jingdong, the Beijing-headquartered firm has evolved from an electronics specialist into a diversified e-commerce and infrastructure giant.
- Chinese consumer spending recovery dictates core retail revenue and volume growth
- Logistics segment profitability improves through third party infrastructure scaling and automation
- Competitive pricing wars in e-commerce sector pressure gross merchandise margins
- Regulatory shifts in Beijing impact valuation multiples and cross-border capital flows
- Expansion of high-margin services and marketplace categories diversifies seasonal revenue streams
| 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 June 23, 2026, the stock is trading at USD 27.02 with a total of 9,577,445 shares traded. Over the past week, the price has changed by -5.39%, over one month by -11.47%, over three months by +1.54% and over the past year by -11.48%.
Current recommended Stop Loss: 26.10 (which is 3.4% or 1.2 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 | 41.3 | 52.9% |
Market Cap CNY = 252b (37.2b USD * 6.7693 USD.CNY)
P/E Trailing = 20.1241
P/E Forward = 9.2593
P/S = 0.0281
P/B = 1.1623
P/EG = 0.8816
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 = 178b CNY (252b + Debt 141b - CCE 215b)
Interest Coverage Ratio = 7.60 (Ebit TTM 21.9b / Interest Expense TTM 2.88b)
EV/FCF = 5.56x (Enterprise Value 178b / FCF TTM 32.1b)
FCF Yield = 17.98% (FCF TTM 32.1b / Enterprise Value 178b)
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 = 0.26 (Enterprise Value 178b / 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 = 6.70% (E(252b)/V(393b) * Re(9.40%) + D(141b)/V(393b) * Rd(2.04%) * (1-Tc(0.07)))
Discount Rate = 9.40% (= 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=5.68 | Chg30d=-2.26% | Revisions=+33% | Analysts=18
EPS next Quarter (2026-09-30): EPS=6.58 | Chg30d=-2.27% | Revisions=-14% | Analysts=15
EPS current Year (2026-12-31): EPS=22.35 | Chg30d=-1.95% | Revisions=+79% | GrowthEPS=+25.4% | GrowthRev=+5.8%
EPS next Year (2027-12-31): EPS=29.45 | Chg30d=-0.22% | Revisions=+48% | GrowthEPS=+31.7% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: +79%