(JD) JD.com - Ratings and Ratios
Electronics, Appliances, Groceries, Apparel, Logistics
Dividends
| Dividend Yield | 3.30% |
| Yield on Cost 5y | 1.29% |
| Yield CAGR 5y | -22.75% |
| Payout Consistency | 86.5% |
| Payout Ratio | 4.0% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 39.9% |
| Value at Risk 5%th | 58.5% |
| Relative Tail Risk | -10.78% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.34 |
| Alpha | -30.88 |
| CAGR/Max DD | -0.29 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.386 |
| Beta | 0.790 |
| Beta Downside | 0.876 |
| Drawdowns 3y | |
|---|---|
| Max DD | 67.09% |
| Mean DD | 45.71% |
| Median DD | 46.67% |
Description: JD JD.com December 03, 2025
JD.com, Inc. (NASDAQ: JD) is a China-based, supply-chain-focused technology and service company that operates through three primary segments: JD Retail (direct sales of a broad product assortment), JD Logistics (ownership and management of a nationwide logistics network), and New Businesses (including online healthcare, fintech, and other emerging services). The firm sells everything from electronics and home appliances to fresh food, apparel, and pharmaceuticals, while also offering marketplace services for third-party merchants, omni-channel solutions for offline retailers, and asset-management and leasing of logistics real estate.
Key recent indicators suggest strong operational momentum: JD reported a 12% year-over-year increase in gross merchandise volume (GMV) in Q3 2024, driven by a 20% surge in fresh-food sales and a 15% rise in active user count, now exceeding 600 million annually. The company’s logistics arm now operates over 1,200 fulfillment centers covering more than 1 billion sq ft, positioning JD to benefit from China’s accelerating shift toward faster, same-day delivery and the government’s push for domestic supply-chain resilience. Macro-level, the broader Chinese e-commerce market is projected to grow at a 10% CAGR through 2027, underpinned by rising disposable income and continued urbanization.
For a deeper quantitative view of JD.com’s performance and valuation dynamics, consider reviewing its data on the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (32.20b TTM) > 0 and > 6% of Revenue (6% = 78.23b TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA -5.46pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.81% (prev 4.07%; Δ 0.74pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 23.00b <= Net Income 32.20b (YES >=105%, WARN >=100%) |
| Net Debt (-980.0m) to EBITDA (43.93b) ratio: -0.02 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.20 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.48b) change vs 12m ago -2.21% (target <= -2.0% for YES) |
| Gross Margin 12.73% (prev 14.06%; Δ -1.33pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 192.1% (prev 173.7%; Δ 18.44pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 12.85 (EBITDA TTM 43.93b / Interest Expense TTM 2.90b) >= 6 (WARN >= 3) |
Altman Z'' 1.92
| (A) 0.09 = (Total Current Assets 379.26b - Total Current Liabilities 316.55b) / Total Assets 713.53b |
| (B) 0.12 = Retained Earnings (Balance) 83.26b / Total Assets 713.53b |
| (C) 0.05 = EBIT TTM 37.24b / Avg Total Assets 678.54b |
| (D) 0.57 = Book Value of Equity 231.93b / Total Liabilities 409.11b |
| Total Rating: 1.92 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 69.38
| 1. Piotroski 4.0pt |
| 2. FCF Yield 0.56% |
| 3. FCF Margin 0.09% |
| 4. Debt/Equity 0.48 |
| 5. Debt/Ebitda -0.02 |
| 6. ROIC - WACC (= 5.14)% |
| 7. RoE 13.81% |
| 8. Rev. Trend 62.50% |
| 9. EPS Trend 58.65% |
What is the price of JD shares?
Over the past week, the price has changed by -0.30%, over one month by -6.54%, over three months by -3.85% and over the past year by -14.36%.
Is JD a buy, sell or hold?
- Strong Buy: 28
- Buy: 7
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the JD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 43.3 | 45.7% |
| Analysts Target Price | 43.3 | 45.7% |
| ValueRay Target Price | 26.3 | -11.4% |
JD Fundamental Data Overview November 29, 2025
P/E Trailing = 9.8395
P/E Forward = 9.7847
P/S = 0.0333
P/B = 1.2787
P/EG = 1.2717
Beta = 0.413
Revenue TTM = 1303.79b CNY
EBIT TTM = 37.24b CNY
EBITDA TTM = 43.93b CNY
Long Term Debt = 59.96b CNY (from longTermDebt, last quarter)
Short Term Debt = 29.51b CNY (from shortTermDebt, last quarter)
Debt = 112.09b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -980.0m CNY (from netDebt column, last quarter)
Enterprise Value = 220.78b CNY (306.96b + Debt 112.09b - CCE 198.27b)
Interest Coverage Ratio = 12.85 (Ebit TTM 37.24b / Interest Expense TTM 2.90b)
FCF Yield = 0.56% (FCF TTM 1.23b / Enterprise Value 220.78b)
FCF Margin = 0.09% (FCF TTM 1.23b / Revenue TTM 1303.79b)
Net Margin = 2.47% (Net Income TTM 32.20b / Revenue TTM 1303.79b)
Gross Margin = 12.73% ((Revenue TTM 1303.79b - Cost of Revenue TTM 1137.83b) / Revenue TTM)
Gross Margin QoQ = 9.52% (prev 15.88%)
Tobins Q-Ratio = 0.31 (Enterprise Value 220.78b / Total Assets 713.53b)
Interest Expense / Debt = 0.65% (Interest Expense 730.0m / Debt 112.09b)
Taxrate = 3.80% (252.0m / 6.63b)
NOPAT = 35.83b (EBIT 37.24b * (1 - 3.80%))
Current Ratio = 1.20 (Total Current Assets 379.26b / Total Current Liabilities 316.55b)
Debt / Equity = 0.48 (Debt 112.09b / totalStockholderEquity, last quarter 231.93b)
Debt / EBITDA = -0.02 (Net Debt -980.0m / EBITDA 43.93b)
Debt / FCF = -0.79 (Net Debt -980.0m / FCF TTM 1.23b)
Total Stockholder Equity = 233.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.51% (Net Income 32.20b / Total Assets 713.53b)
RoE = 13.81% (Net Income TTM 32.20b / Total Stockholder Equity 233.19b)
RoCE = 12.70% (EBIT 37.24b / Capital Employed (Equity 233.19b + L.T.Debt 59.96b))
RoIC = 11.85% (NOPAT 35.83b / Invested Capital 302.42b)
WACC = 6.71% (E(306.96b)/V(419.05b) * Re(8.93%) + D(112.09b)/V(419.05b) * Rd(0.65%) * (1-Tc(0.04)))
Discount Rate = 8.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -3.18%
[DCF Debug] Terminal Value 74.85% ; FCFE base≈15.24b ; Y1≈14.99b ; Y5≈15.40b
Fair Price DCF = 164.2 (DCF Value 233.05b / Shares Outstanding 1.42b; 5y FCF grow -2.49% → 3.0% )
EPS Correlation: 58.65 | EPS CAGR: 14.98% | SUE: 0.39 | # QB: 0
Revenue Correlation: 62.50 | Revenue CAGR: 2.17% | SUE: 0.02 | # QB: 0
EPS next Quarter (2026-03-31): EPS=5.92 | Chg30d=-0.284 | Revisions Net=-2 | Analysts=7
EPS next Year (2026-12-31): EPS=25.84 | Chg30d=-1.418 | Revisions Net=-8 | Growth EPS=+35.2% | Growth Revenue=+5.7%
Additional Sources for JD Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle