JD Stock Analysis: JD.com | NASDAQ
Internet Retail | NASDAQ, USA | Market Cap: 43.635m USD | 12M Return: 8.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 219M
EPS Trend: -17.4%
Qual. Beats: 1
Rev. Trend: 96.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 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: 0.02 > 0.02 and ΔFCF/TA -1.99 > 1.0 |
| NWC/Revenue: 4.19% < 20% (prev 6.09%; Δ -1.90% < -1%) |
| CFO/TA 0.06 > 3% & CFO 37.8b > 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: -0.04 (NI 13.8b - CFO 37.8b) / TA 683b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of August 04, 2026, the stock is trading at USD 33.02 with a total of 7,327,304 shares traded. Over the past week, the price has changed by +6.69%, over one month by +23.30%, over three months by +9.92% and over the past year by +8.07%.
Current recommended Stop Loss: 32.10 (which is 2.8% 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 | 39.7 | 20.2% |
Market Cap CNY = 295b (43.6b USD * 6.7509 USD.CNY)
P/E Trailing = 23.5839
P/E Forward = 10.7643
P/S = 0.033
P/B = 1.3592
P/EG = 0.8216
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 = 221b CNY (295b + Debt 141b - CCE 215b)
Interest Coverage Ratio = 7.60 (Ebit TTM 21.9b / Interest Expense TTM 2.88b)
EV/FCF = 17.08x (Enterprise Value 221b / FCF TTM 12.9b)
FCF Yield = 5.85% (FCF TTM 12.9b / Enterprise Value 221b)
FCF Margin = 0.98% (FCF TTM 12.9b / 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 = 0.32 (Enterprise Value 221b / 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 = -5.69 (Net Debt -73.6b / FCF TTM 12.9b)
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 = 6.91% (E(295b)/V(436b) * Re(9.31%) + D(141b)/V(436b) * Rd(2.04%) * (1-Tc(0.07)))
Discount Rate = 9.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -14.56 | Cagr: -4.34%
[DCF] Terminal Value 73.10% ; FCFF base≈18.3b ; Y1≈16.0b ; Y5≈13.0b
[DCF] Fair Price = 208.5 (EV 208b - Net Debt -73.6b = Equity 282b / Shares 1.35b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -17.45 | EPS CAGR: -4.66% | SUE: 1.10 | # QB: 1
Revenue Correlation: 96.59 | Revenue CAGR: 9.32% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-06-30): EPS=5.60 | Chg30d=-0.64% | Revisions=-50% | Analysts=17
EPS next Quarter (2026-09-30): EPS=6.47 | Chg30d=-0.92% | Revisions=-25% | Analysts=14
EPS current Year (2026-12-31): EPS=22.04 | Chg30d=-0.85% | Revisions=-57% | GrowthEPS=+23.7% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=28.79 | Chg30d=-1.32% | Revisions=-57% | GrowthEPS=+30.6% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: -80% (up=0, down=12)