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

PDD EPS (Earnings per Share)

EPS Growth (3Y CAGR): -50.10%
EPS Trend (3Y Correlation): -20.3%

PDD Revenue

Revenue Growth (3Y CAGR): 47.81%
Revenue Trend (3Y Correlation): 92.3%

Description: PDD PDD Holdings

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	176,419m
Sub-Industry	Broadline Retail
IPO / Inception	2018-07-26

PDD Stock Ratings

Growth Rating	49.4%
Fundamental	86.7%
Dividend Rating	-
Return 12m vs S&P 500	-10.0%
Analyst Rating	4.20 of 5

PDD Dividends

Currently no dividends paid

PDD Growth Ratios

Growth Correlation 3m	85.4%
Growth Correlation 12m	32.2%
Growth Correlation 5y	19.5%
CAGR 5y	29.95%
CAGR/Max DD 3y (Calmar Ratio)	0.68
CAGR/Mean DD 3y (Pain Ratio)	1.55
Sharpe Ratio 12m	0.12
Alpha	-8.59
Beta	0.390
Volatility	34.23%
Current Volume	6275.2k
Average Volume 20d	7296k
Stop Loss	124.6 (-3%)
Signal	0.48

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (97.92b TTM) > 0 and > 6% of Revenue (6% = 24.58b TTM)

FCFTA 0.17 (>2.0%) and ΔFCFTA -10.76pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 66.91% (prev 55.63%; Δ 11.28pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 94.23b <= Net Income 97.92b (YES >=105%, WARN >=100%)

Net Debt (-52.26b) to EBITDA (106.77b) ratio: -0.49 <= 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 (1.48b) change vs 12m ago -74.99% (target <= -2.0% for YES)

Gross Margin 57.45% (prev 62.91%; Δ -5.47pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 81.93% (prev 78.46%; Δ 3.47pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -6.69 (EBITDA TTM 106.77b / Interest Expense TTM -15.14b) >= 6 (WARN >= 3)

Altman Z'' 7.10

(A) 0.48 = (Total Current Assets 476.04b - Total Current Liabilities 201.96b) / Total Assets 567.16b

(B) 0.41 = Retained Earnings (Balance) 232.92b / Total Assets 567.16b

(D) 1.17 = Book Value of Equity 239.67b / Total Liabilities 205.29b

Total Rating: 7.10 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 86.66

1. Piotroski 5.0pt = 0.0

2. FCF Yield 10.70% = 5.0

3. FCF Margin 23.00% = 5.75

4. Debt/Equity 0.03 = 2.50

5. Debt/Ebitda -0.49 = 2.50

6. ROIC - WACC (= 19.50)% = 12.50

7. RoE 30.52% = 2.50

8. Rev. Trend 92.33% = 6.92

9. EPS Trend -20.31% = -1.02

What is the price of PDD shares?

As of October 19, 2025, the stock is trading at USD 128.48 with a total of 6,275,179 shares traded.
Over the past week, the price has changed by +3.39%, over one month by -4.73%, over three months by +19.02% and over the past year by +3.92%.

Is PDD Holdings a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, PDD Holdings (NASDAQ:PDD) is currently (October 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 86.66 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PDD is around 122.10 USD . This means that PDD is currently overvalued and has a potential downside of -4.97%.

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	144.1	12.2%
Analysts Target Price	144.1	12.2%
ValueRay Target Price	134.8	4.9%

Last update: 2025-10-11 05:03

PDD Fundamental Data Overview

Market Cap CNY = 1256.81b (176.42b USD * 7.124 USD.CNY)
P/E Trailing = 13.3912
P/E Forward = 11.5875
P/S = 0.4307
P/B = 3.7776
P/EG = 1.332
Beta = 0.39
Revenue TTM = 409.62b CNY
EBIT TTM = 101.33b CNY
EBITDA TTM = 106.77b CNY
Long Term Debt = 5.68b CNY (from capitalLeaseObligations, last quarter)
Short Term Debt = 7.70b CNY (from shortTermDebt, last quarter)
Debt = 10.96b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -52.26b CNY (from netDebt column, last quarter)
Enterprise Value = 880.64b CNY (1256.81b + Debt 10.96b - CCE 387.13b)
Interest Coverage Ratio = -6.69 (Ebit TTM 101.33b / Interest Expense TTM -15.14b)
FCF Yield = 10.70% (FCF TTM 94.23b / Enterprise Value 880.64b)
FCF Margin = 23.00% (FCF TTM 94.23b / Revenue TTM 409.62b)
Net Margin = 23.91% (Net Income TTM 97.92b / Revenue TTM 409.62b)
Gross Margin = 57.45% ((Revenue TTM 409.62b - Cost of Revenue TTM 174.31b) / Revenue TTM)
Gross Margin QoQ = 55.90% (prev 57.20%)
Tobins Q-Ratio = 1.55 (Enterprise Value 880.64b / Total Assets 567.16b)
Interest Expense / Debt = -138.1% (Interest Expense -15.14b / Debt 10.96b)
Taxrate = 13.46% (4.78b / 35.54b)
NOPAT = 87.69b (EBIT 101.33b * (1 - 13.46%))
Current Ratio = 2.36 (Total Current Assets 476.04b / Total Current Liabilities 201.96b)
Debt / Equity = 0.03 (Debt 10.96b / totalStockholderEquity, last quarter 361.86b)
Debt / EBITDA = -0.49 (Net Debt -52.26b / EBITDA 106.77b)
Debt / FCF = -0.55 (Net Debt -52.26b / FCF TTM 94.23b)
Total Stockholder Equity = 320.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.27% (Net Income 97.92b / Total Assets 567.16b)
RoE = 30.52% (Net Income TTM 97.92b / Total Stockholder Equity 320.85b)
RoCE = 31.03% (EBIT 101.33b / Capital Employed (Equity 320.85b + L.T.Debt 5.68b))
RoIC = 26.89% (NOPAT 87.69b / Invested Capital 326.11b)
WACC = 7.39% (E(1256.81b)/V(1267.78b) * Re(7.45%) + (debt cost/tax rate unavailable))
Discount Rate = 7.45% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -49.91%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈103.92b ; Y1≈128.20b ; Y5≈218.73b
Fair Price DCF = 2621 (DCF Value 3720.32b / Shares Outstanding 1.42b; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -20.31 | EPS CAGR: -50.10% | SUE: -3.31 | # QB: 0
Revenue Correlation: 92.33 | Revenue CAGR: 47.81% | SUE: 0.01 | # QB: 0

Additional Sources for PDD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle