PDD Rating

PDD Intrinsic Value

Key Highlights:
As of Mar 21, 2025 PDD Relative Value is $433.6, which is undervalued by 242.4%, compared to current share price of $126.6.
As of Mar 21, 2025 PDD DCF Value is $299.8, which is undervalued by 136.8%, compared to current share price of $126.6.
Methodology
Price per share, $
Current share price
126.6

PDD Share Price History

1W 3.3%
1M (3.6%)
6M 23.8%
YTD (13.0%)
1Y 3.5%
3Y 216.7%
5Y 271.4%
10Y 374.3%
Share Price
Intrinsic Value
Drawdown
Total Return
vs SP500
vs NASDAQ
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PDD Stock Metrics

Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Base
$175.5B
CN¥372.1B
Shares Outstanding
1,386M
Employees
N/A
Valuation (LTM)
Return on Capital
31.3%
18.5%
(136.8%)
31.5%
Financial Health
Earnings

PDD Stock Financials

PDD Income Statement Metrics

Annual
Quarterly
LTM

Revenue

$35.0B +89.7% YoY

Operating Income

$8.3B +93.1% YoY

Net Income

$8.5B +90.3% YoY

PDD Cash Flow Statement Metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$13.3B +264.9% YoY

Capital Expenditure (CAPEX)

($82.5M) -8.2% YoY

Free Cash Flow (FCF)

$13.2B +271.8% YoY

PDD Income Statement Overview

Annual
Quarterly
LTM
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
$35.0B 89.7% YoY
$22.0B 57.3% YoY
63.0% margin
Cost of revenue
$13.0B 191.5% YoY
Operating income
$8,293.5M 93.1% YoY
23.7% margin
Other: $421.5M
Net interest: $1,440.3M
Operating expenses
$13.7B 41.5% YoY
Pre-tax income
$10.2B 97.4% YoY
29.0% margin
Net income
$8,481.1M 90.3% YoY
24.2% margin
Income tax
$1,674.3M
16.5% tax rate
R&D
$1,547.4M 5.5% YoY
4.4% of revenue
SG&A
$12.2B 47.9% YoY
34.8% of revenue

PDD Balance Sheet Overview

Annual
Quarterly
LTM
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$49.0B
Current assets ($41.5B, 84.7% of total)
$30.6B (62.4%)
$1,046.6M (2.1%)
Other current assets
$9,875.0M (20.1%)
Non-current assets ($7,511.2M, 15.3% of total)
$2,978.7K (0.0%)
Other non-current assets
$6,792.1M (13.9%)
Financial position
($29.2B)
$30.6B$1,431.9M
Cash & Short-term Investments
Total Debt

PDD Stock Ratios

PDD Earnings Surprises

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PDD Dividends

PDD Dividend Yield

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PDD Dividend Per Share

Competing with PDD

Overview
Ratings
Intrinsic Value
Valuation
Growth
Profitability
Health
Capital allocation
Momentum
Earnings
Dividends
Company name
Market Cap
Quality rating
Intrinsic value
1Y Return
Revenue
Free Cash Flow
Revenue growth
FCF margin
Gross margin
ROIC
Total Debt to Equity
$175.5B
7.7
$366.2
189.1% undervalued
3.5%
CN¥372.1B
CN¥128.7B
87.4%
34.6%
62.1%
(136.8%)
3.7%
$2,070.4B
7.1
$72.2
63.2% overvalued
10.1%
$638.0B
$32.9B
11.0%
5.2%
48.2%
17.2%
47.4%
$325.4B
6.2
$398.4
194.8% undervalued
87.0%
CN¥981.8B
CN¥134.3B
5.9%
13.7%
38.4%
13.8%
21.1%
$106.2B
7.6
$1,821.8
13.1% overvalued
34.7%
$20.8B
$7,613.0M
43.6%
36.6%
46.1%
41.3%
157.8%
$77.2B
7.3
$880.0
34.3% overvalued
15.1%
$16.7B
$2,476.9M
5.7%
14.8%
51.2%
32.9%
(577.8%)
$76.7B
6.9
$84.7
32.8% overvalued
131.1%
$16.8B
$3,184.0M
28.4%
18.9%
42.8%
6.6%
48.5%
$62.2B
6.6
$3,646.8
1.1% undervalued
12.3%
$18.7B
$1,722.6M
4.7%
9.2%
53.1%
35.5%
(279.2%)
$42.0B
5.4
$24.4
4.7% undervalued
26.7%
$30.3B
$998.1M
24.1%
3.3%
29.2%
1.2%
79.1%
$32.2B
6.3
$275.6
552.6% undervalued
60.5%
CN¥1,158.8B
CN¥25.4B
6.8%
2.2%
12.7%
28.6%
28.7%
$31.4B
6.6
$73.6
12.0% undervalued
28.3%
$10.3B
$1,956.0M
1.7%
19.0%
72.0%
32.1%
152.4%
$24.9B
7.1
$134.0
29.8% overvalued
117.7%
$13.7B
$827.0M
26.9%
6.0%
20.4%
20.6%
52.6%

FAQ

What is PDD Holdings Inc. (PDD) stock rating?

As of today, PDD Holdings Inc. has a stock rating of 8 (out of 10), which is considered Great.

is PDD Holdings Inc. (PDD) a good stock to buy?

As of today, PDD Holdings Inc. has a Great stock rating, which is 189.1% undervalued. According to Value Sense backtesting, stocks with similar profile tend to outperform the market by 12.8%.