Overview Dividends

(PDD) PDD Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: Ireland • Currency: USD • Type: Common Stock • ISIN: US7223041028

E-Commerce, Marketplace, Agricultural, Apparel, Electronics

EPS (Earnings per Share)

EPS Growth (3y CAGR): 40.10%
EPS Trend (3y Corr): 73.3%

Last SUE: -0.28σ
Qual. Beats: 0

Revenue

Revenue Growth (3y CAGR): 43.87%
Revenue Trend (3y Corr): 89.0%

Last SUE: -0.01σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	58.0%
Value at Risk 5%th	71.8%
Relative Tail Risk	-24.77%

Reward TTM
Sharpe Ratio	0.06
Alpha	-14.13

Character TTM
Hurst Exponent	0.518
Beta	0.699
Beta Downside	1.233

Drawdowns 3y
Max DD	43.93%
Mean DD	19.72%
Median DD	19.79%

Description: PDD PDD Holdings September 24, 2025

PDD Holdings Inc. (NASDAQ: PDD) is a multinational commerce group headquartered in Dublin, Ireland, that operates two primary online platforms: Pinduoduo, a social-commerce marketplace offering a wide range of consumer goods-from agricultural produce to electronics-and Temu, which helps merchants streamline manufacturing and sales processes. The company, originally incorporated as Pinduoduo Inc. in 2015, rebranded to PDD Holdings Inc. in February 2023.

As of the latest fiscal quarter, PDD reported a Gross Merchandise Volume (GMV) of approximately ¥2.2 trillion, reflecting a year-over-year growth rate of roughly 30 %, while monthly active users (MAU) on Pinduoduo surpassed 900 million, driven by its low-price, group-buying model. Revenue for the quarter rose 28 % YoY to ¥68 billion, and the firm’s operating margin improved to 12 % as logistics efficiencies and higher-margin categories (e.g., fresh produce) gained share.

The broader Chinese e-commerce sector remains a key economic driver, with the country’s online retail sales projected to grow at a compound annual growth rate (CAGR) of 12 % through 2028, supported by rising internet penetration and consumer appetite for value-oriented shopping experiences. Additionally, cross-border demand for affordable goods-exemplified by Temu’s rapid expansion into North America and Europe-adds a diversification layer that can mitigate domestic regulatory headwinds.

For a deeper quantitative breakdown, the ValueRay platform offers a granular view of PDDs valuation metrics and scenario analyses.

PDD Stock Overview

Market Cap in USD	160,321m
Sub-Industry	Broadline Retail
IPO / Inception	2018-07-26
Return 12m vs S&P 500	-3.18%
Analyst Rating	4.20 of 5

PDD Dividends

Currently no dividends paid

PDD Growth Ratios

Metric	Value
CAGR 3y	15.36%
CAGR/Max DD Calmar Ratio	0.35
CAGR/Mean DD Pain Ratio	0.78
Current Volume	9056.5k
Average Volume	6291.2k

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (102.27b TTM) > 0 and > 6% of Revenue (6% = 25.11b TTM)

FCFTA 0.18 (>2.0%) and ΔFCFTA -6.00pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 70.99% (prev 55.90%; Δ 15.10pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.18 (>3.0%) and CFO 112.37b > Net Income 102.27b (YES >=105%, WARN >=100%)

Net Debt (-81.71b) to EBITDA (102.79b) ratio: -0.79 <= 3.0 (WARN <= 3.5)

Current Ratio 2.36 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (1.49b) change vs 12m ago -74.81% (target <= -2.0% for YES)

Gross Margin 56.65% (prev 62.49%; Δ -5.84pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 77.47% (prev 79.27%; Δ -1.80pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -1.78 (EBITDA TTM 102.79b / Interest Expense TTM -43.39b) >= 6 (WARN >= 3)

Altman Z'' 6.79

(A) 0.48 = (Total Current Assets 516.36b - Total Current Liabilities 219.22b) / Total Assets 613.72b

(B) 0.43 = Retained Earnings (Balance) 262.24b / Total Assets 613.72b

(D) 1.20 = Book Value of Equity 267.39b / Total Liabilities 222.32b

Total Rating: 6.79 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 91.99

1. Piotroski 5.0pt

2. FCF Yield 15.47%

3. FCF Margin 26.85%

4. Debt/Equity 0.03

5. Debt/Ebitda -0.79

6. ROIC - WACC (= 10.67)%

7. RoE 29.30%

8. Rev. Trend 88.99%

9. EPS Trend 73.27%

What is the price of PDD shares?

As of November 22, 2025, the stock is trading at USD 113.24 with a total of 9,056,537 shares traded.
Over the past week, the price has changed by -13.52%, over one month by -13.37%, over three months by -7.91% and over the past year by +8.79%.

Is PDD a buy, sell or hold?

PDD Holdings has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy PDD.

Strong Buy: 23
Buy: 5
Hold: 12
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the PDD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	146.3	29.2%
Analysts Target Price	146.3	29.2%
ValueRay Target Price	117.6	3.9%

PDD Fundamental Data Overview November 22, 2025

Market Cap CNY = 1139.33b (160.32b USD * 7.1066 USD.CNY)
P/E Trailing = 12.1692
P/E Forward = 10.101
P/S = 0.383
P/B = 3.0427
P/EG = 1.161
Beta = 0.051
Revenue TTM = 418.54b CNY
EBIT TTM = 77.21b CNY
EBITDA TTM = 102.79b CNY
Long Term Debt = 5.43b CNY (from capitalLeaseObligations, last quarter)
Short Term Debt = 7.63b CNY (from shortTermDebt, last quarter)
Debt = 10.67b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -81.71b CNY (from netDebt column, last quarter)
Enterprise Value = 726.24b CNY (1139.33b + Debt 10.67b - CCE 423.77b)
Interest Coverage Ratio = -1.78 (Ebit TTM 77.21b / Interest Expense TTM -43.39b)
FCF Yield = 15.47% (FCF TTM 112.37b / Enterprise Value 726.24b)
FCF Margin = 26.85% (FCF TTM 112.37b / Revenue TTM 418.54b)
Net Margin = 24.43% (Net Income TTM 102.27b / Revenue TTM 418.54b)
Gross Margin = 56.65% ((Revenue TTM 418.54b - Cost of Revenue TTM 181.44b) / Revenue TTM)
Gross Margin QoQ = 56.74% (prev 55.90%)
Tobins Q-Ratio = 1.18 (Enterprise Value 726.24b / Total Assets 613.72b)
Interest Expense / Debt = -406.5% (Interest Expense -43.39b / Debt 10.67b)
Taxrate = 11.97% (3.99b / 33.31b)
NOPAT = 67.97b (EBIT 77.21b * (1 - 11.97%))
Current Ratio = 2.36 (Total Current Assets 516.36b / Total Current Liabilities 219.22b)
Debt / Equity = 0.03 (Debt 10.67b / totalStockholderEquity, last quarter 391.40b)
Debt / EBITDA = -0.79 (Net Debt -81.71b / EBITDA 102.79b)
Debt / FCF = -0.73 (Net Debt -81.71b / FCF TTM 112.37b)
Total Stockholder Equity = 349.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.66% (Net Income 102.27b / Total Assets 613.72b)
RoE = 29.30% (Net Income TTM 102.27b / Total Stockholder Equity 349.07b)
RoCE = 21.78% (EBIT 77.21b / Capital Employed (Equity 349.07b + L.T.Debt 5.43b))
RoIC = 19.18% (NOPAT 67.97b / Invested Capital 354.36b)
WACC = 8.51% (E(1139.33b)/V(1150.01b) * Re(8.59%) + (debt cost/tax rate unavailable))
Discount Rate = 8.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -49.80%
[DCF Debug] Terminal Value 79.69% ; FCFE base≈112.80b ; Y1≈139.15b ; Y5≈237.42b
Fair Price DCF = 2561 (DCF Value 3635.82b / Shares Outstanding 1.42b; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 73.27 | EPS CAGR: 40.10% | SUE: -0.28 | # QB: 0
Revenue Correlation: 88.99 | Revenue CAGR: 43.87% | SUE: -0.01 | # QB: 0

Additional Sources for PDD Stock

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