View ValuationJD.com 향후 성장Future 기준 점검 3/6JD.com (는) 각각 연간 29.4% 및 5.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 31.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 14.7% 로 예상됩니다.핵심 정보29.4%이익 성장률31.79%EPS 성장률Multiline Retail 이익 성장16.8%매출 성장률5.1%향후 자기자본이익률14.69%애널리스트 커버리지Good마지막 업데이트25 May 2026최근 향후 성장 업데이트분석 기사 • Aug 18Earnings Beat: JD.com, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsNasdaqGS:JD 1 Year Share Price vs Fair Value Explore JD.com's Fair Values from the Community and select yours JD.com...Major Estimate Revision • Aug 01Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥17.35 to CN¥15.15 per share. Revenue forecast steady at CN¥1.30t. Net income forecast to shrink 38% next year vs 2.2% growth forecast for Multiline Retail industry in the US . Consensus price target broadly unchanged at US$46.19. Share price fell 6.8% to US$30.91 over the past week.Major Estimate Revision • Jul 25Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥18.78 to CN¥16.43 per share. Revenue forecast steady at CN¥1.30t. Net income forecast to shrink 37% next year vs 2.2% growth forecast for Multiline Retail industry in the US . Consensus price target broadly unchanged at US$47.07. Share price fell 2.2% to US$33.18 over the past week.Major Estimate Revision • Jul 11Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥26.92 to CN¥23.48 per share. Revenue forecast steady at CN¥1.29t. Net income forecast to shrink 26% next year vs 6.4% growth forecast for Multiline Retail industry in the US . Consensus price target down from US$51.89 to US$48.93. Share price fell 3.0% to US$31.10 over the past week.Major Estimate Revision • Aug 21Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥19.60 to CN¥22.07. Revenue forecast steady at CN¥1.14t. Net income forecast to grow 15% next year vs 16% growth forecast for Multiline Retail industry in the US. Consensus price target broadly unchanged at US$41.08. Share price rose 4.4% to US$27.04 over the past week.모든 업데이트 보기Recent updates속보 • May 22JD.com Q1 Earnings Beat Expectations as AI-Driven Retail Margins Set Record HighJD.com reported Q1 2026 earnings that beat analyst expectations, with a 41% increase in earnings and retail operating margin at a record 5.6% driven by its core retail segment and improved marketing efficiency. Net income for the quarter declined 53% year on year as JD.com increased spending on fulfillment, R&D and marketing, while losses in the food delivery segment narrowed and continued to support user engagement and ad revenue. The company is preparing its first fully AI-integrated 618 Grand Promotion starting May 30, featuring discounts of up to 50% and wider AI adoption across retail, logistics, healthcare and merchant operations. The key theme is JD.com leaning into its supply chain and AI capabilities to support profitability in its core retail business while still funding newer areas such as food delivery and healthcare. It is worth monitoring how the Q2 revenue softness that management anticipates interacts with the higher cost base, and whether the AI-focused 618 promotion supports margins and user growth.Seeking Alpha • May 12JD.com: Far From Being A Lost CauseSummary JD.com, Inc. remains a deep value play, with a forward P/E at a 35.67% sector discount and fundamentals that don't need to be perfect for upside. Q1 showed revenue growth acceleration to 4.9% YoY, with service revenues outpacing sluggish product sales amid ongoing consumer weakness in China. New business initiatives are dragging on margins, but management demonstrates long-term confidence and strategic ambition with Joybuy's European launch. I reiterate my Buy rating, as recent improvements in cash flow and resilient top-line growth support a favorable risk/reward profile for patient investors. Read the full article on Seeking Alpha내러티브 업데이트 • May 01JD: Delivery Investments And Europe Expansion Will Continue To Pressure MarginsAnalyst price targets for JD.com have moved up by a few dollars per share, as analysts point to more disciplined food delivery spending and refreshed models from firms that recently raised their $ targets following earlier Q4 related cuts. Analyst Commentary Recent research updates on JD.com point to a mixed setup for investors, with some firms turning more constructive while others keep a tight focus on execution risks, profitability trends, and how much of that is already reflected in the share price.공시 • Apr 28JD.com, Inc. to Report Q1, 2026 Results on May 12, 2026JD.com, Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026Reported Earnings • Apr 17Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: CN¥13.79 (down from CN¥27.67 in FY 2024). Revenue: CN¥1.31t (up 13% from FY 2024). Net income: CN¥19.6b (down 53% from FY 2024). Profit margin: 1.5% (down from 3.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.내러티브 업데이트 • Apr 17JD: Ongoing Delivery Investments Will Continue To Pressure Margins And ReturnsAnalysts have lifted the JD.com fair value estimate from $23.65 to $26.57. This reflects updated assumptions around slightly higher revenue growth, modestly improved profit margins, a reduced discount rate, and a higher future P/E multiple, supported by a recent wave of price target increases and upgrades tied to lower food delivery spending and refreshed models after the latest results.새로운 내러티브 • Apr 08JD.com, Inc. (JD): The "Supply Chain Sovereign" Engineering a Global AI Retail ResetJD.com, Inc. (JD) , China’s largest retailer by revenue and its premier vertically integrated e-commerce giant, closed the April 8, 2026, session at $29.05 USD on the NASDAQ.내러티브 업데이트 • Apr 03JD: Ongoing Delivery And Advertising Spend Will Pressure Margins For LongerAnalysts have trimmed JD.com's fair value estimate from $26.40 to $23.65, citing recent price target cuts that reflect ongoing pressure on profitability from investments in food delivery and advertising. Updated models incorporate revised assumptions for revenue growth, margins, and future P/E levels.Upcoming Dividend • Apr 02Upcoming dividend of US$0.98 per shareEligible shareholders must have bought the stock before 09 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (1.4%).내러티브 업데이트 • Mar 20JD: Europe Expansion And Ongoing Investments Will Reshape Profitability OutlookAnalysts have trimmed their fair value estimate for JD.com from about $60.47 to $53.57 as price targets across the Street move lower. The change reflects updated models that factor in a slightly higher discount rate, modestly softer margin expectations, and ongoing investment spending that is weighing on near term profitability.Declared Dividend • Mar 16Dividend of US$0.98 announcedShareholders will receive a dividend of US$0.98. Ex-date: 9th April 2026 Payment date: 29th April 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover.내러티브 업데이트 • Mar 06JD: Slower Revenue And Higher Marketing Spend Will Test Margin ResilienceAnalysts have reduced their average fair value estimate for JD.com from about $28.36 to $26.40. This change reflects updated models after recent Q4 results and concerns about slower revenue growth, slightly lower profit margins, a higher discount rate, and ongoing pressure from advertising spend on profitability.Reported Earnings • Mar 06Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: CN¥13.79 (down from CN¥27.67 in FY 2024). Revenue: CN¥1.31t (up 13% from FY 2024). Net income: CN¥19.6b (down 53% from FY 2024). Profit margin: 1.5% (down from 3.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.공시 • Mar 05JD.com, Inc. Announces Dividend for the Year Ended December 31, 2025, Payable on April 23, 2026JD.com, Inc. announced Dividend of USD 0.5 per share for the Year Ended December 31, 2025. Ex-dividend date 08 April 2026, Record date: 09 April 2026. Payment date:23 April 2026.공시 • Feb 20JD.com, Inc. to Report Q4, 2025 Results on Mar 05, 2026JD.com, Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 05, 2026Recent Insider Transactions Derivative • Jan 11CEO & Executive Director notifies of intention to sell stockRan Xu intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of January. If the sale is conducted around the recent share price of US$29.09, it would amount to US$407k. As of today, Ran currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.Recent Insider Transactions Derivative • Jan 08CEO & Executive Director notifies of intention to sell stockRan Xu intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of January. If the sale is conducted around the recent share price of US$29.09, it would amount to US$407k. As of today, Ran currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.분석 기사 • Jan 05An Intrinsic Calculation For JD.com, Inc. (NASDAQ:JD) Suggests It's 47% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, JD.com fair value estimate is US$55.30 Current share price of...Reported Earnings • Nov 14Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: CN¥3.72 (down from CN¥8.05 in 3Q 2024). Revenue: CN¥299.1b (up 15% from 3Q 2024). Net income: CN¥5.28b (down 55% from 3Q 2024). Profit margin: 1.8% (down from 4.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 159%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.내러티브 업데이트 • Oct 31JD: Delivery Order Momentum Will Drive Further Business Expansion AheadJD.com's analyst price target has been raised slightly, reflecting a modest increase of $0.14 to $45.26. Analysts point to recent order growth and ongoing strategic investments supporting a positive outlook.공시 • Oct 30JD.com, Inc. to Report Q3, 2025 Results on Nov 13, 2025JD.com, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025내러티브 업데이트 • Oct 17Chinese Digital Retail And Logistics Will Open Markets Despite RisksJD.com's analyst-derived fair value price target was nudged up by $0.13 to $45.12, as analysts cite slightly higher expected revenue growth. However, this is tempered by ongoing margin pressures and continued strategic investment priorities.내러티브 업데이트 • Oct 03Chinese Digital Retail And Logistics Will Open Markets Despite RisksAnalysts have modestly raised their fair value price target for JD.com from $44.52 to $44.99. They cite balanced expectations for the company's growth outlook, ongoing strategic investments, and profitability considerations.공시 • Sep 16Sainsbury’s Ends Talks to Sell Argos to China’s JD.comJ Sainsbury plc (LSE:SBRY) has ended its talks to sell Argos (Argos Limited) to JD.com, Inc. (NasdaqGS:JD). On 14 September 2025, the supermarket giant confirmed it had “terminated” discussions over a potential sale. It said talks had collapsed as JD.com’s terms and commitments are “not in the best interests of Sainsbury’s shareholders, colleagues and broader stakeholders”. It comes just 24 hours after announcing it was seeking a deal that could “accelerate Argos’ transformation”. In a statement on 14 September 2025, Sainsbury’s said: “Following the media speculation on 13 September 2025 regarding discussions between J Sainsbury plc (Sainsbury’s) and JD.com Inc. (JD.com) about a potential sale of Home Retail Group Limited (Argos), JD.com has communicated that it would now only be prepared to engage on a materially revised set of terms and commitments which are not in the best interests of Sainsbury’s shareholders, colleagues and broader stakeholders. “Accordingly, Sainsbury’s confirmed that it has now terminated discussions with JD.com.” Asked whether Argos is still up for sale, a Sainsbury’s spokesman said: “We are really focused on delivering a strong future for Argos.” The statement added: “We are taking focused action to extend range, enhance digital capabilities and improve relevance to grow frequency and spend in Argos whilst delivering further operating model efficiencies. “Sainsbury’s is committed to delivering the strongest and most successful future for Argos customers and colleagues and our ‘More Argos, more often’ transformation strategy is delivering good progress”.공시 • Sep 15J Sainsbury in Talks to Sell Retail Arm to JD.ComJ Sainsbury plc (LSE:SBRY), the UK’s second-largest supermarket, is in discussions to sell its Argos (Argos Limited) unit to JD.com, Inc. (NasdaqGS:JD), a major ecommerce firm from China. Sainsbury acquired Argos in 2016 and has seen mixed results from the business, with First Quarter sales up 4.4% due to favorable weather. The company said talks with JD.com include commitments related to Argos’ customers, staff, and partners, but did not share financial terms. No agreement has been reached, and Sainsbury said there is no certainty the deal will proceed.내러티브 업데이트 • Sep 04Chinese Digital Retail And Logistics Will Open Markets Despite RisksAnalysts have tempered their long-term outlook on JD.com due to ongoing margin pressures and uncertainty over profitability from new business investments, leading to a consensus price target that remains at $44.48 despite strong near-term revenue growth. Analyst Commentary Bullish analysts remain positive on JD.com's near-term growth outlook, citing strong Q2 topline performance and expectations for above-consensus revenue growth.분석 기사 • Aug 21We Think That There Are Issues Underlying JD.com's (NASDAQ:JD) EarningsNasdaqGS:JD 1 Year Share Price vs Fair Value Explore JD.com's Fair Values from the Community and select yours JD.com...분석 기사 • Aug 18Earnings Beat: JD.com, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsNasdaqGS:JD 1 Year Share Price vs Fair Value Explore JD.com's Fair Values from the Community and select yours JD.com...공시 • Aug 18JD.com, Inc. (NasdaqGS:JD) acquired 70% stake in Moretide Investments Ltd. in a transaction valued at HKD 4 billion.JD.com, Inc. (NasdaqGS:JD) acquired 70% stake in Moretide Investments Ltd. in a transaction valued at HKD 4 billion on August 16, 2025. This strategic acquisition combines industry-leading supply chain capabilities with KAI BO’s deep local expertise and allows for stronger omnichannel retail growth and an enhanced shopping experience for consumers across Hong Kong. JD.com, Inc. (NasdaqGS:JD) completed the acquisition of 70% stake in Moretide Investments Ltd. on August 16, 2025.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: CN¥4.34 (down from CN¥8.39 in 2Q 2024). Revenue: CN¥356.7b (up 22% from 2Q 2024). Net income: CN¥6.18b (down 51% from 2Q 2024). Profit margin: 1.7% (down from 4.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Major Estimate Revision • Aug 01Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥17.35 to CN¥15.15 per share. Revenue forecast steady at CN¥1.30t. Net income forecast to shrink 38% next year vs 2.2% growth forecast for Multiline Retail industry in the US . Consensus price target broadly unchanged at US$46.19. Share price fell 6.8% to US$30.91 over the past week.공시 • Jul 31+ 1 more updateJD.com, Inc. to Report Q2, 2025 Results on Aug 14, 2025JD.com, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025Major Estimate Revision • Jul 25Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥18.78 to CN¥16.43 per share. Revenue forecast steady at CN¥1.30t. Net income forecast to shrink 37% next year vs 2.2% growth forecast for Multiline Retail industry in the US . Consensus price target broadly unchanged at US$47.07. Share price fell 2.2% to US$33.18 over the past week.분석 기사 • Jul 15There's Been No Shortage Of Growth Recently For JD.com's (NASDAQ:JD) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Major Estimate Revision • Jul 11Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥26.92 to CN¥23.48 per share. Revenue forecast steady at CN¥1.29t. Net income forecast to shrink 26% next year vs 6.4% growth forecast for Multiline Retail industry in the US . Consensus price target down from US$51.89 to US$48.93. Share price fell 3.0% to US$31.10 over the past week.분석 기사 • Jun 30JD.com (NASDAQ:JD) Could Easily Take On More DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Jun 15JD.com, Inc.'s (NASDAQ:JD) Earnings Are Not Doing Enough For Some InvestorsWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...분석 기사 • May 30With EPS Growth And More, JD.com (NASDAQ:JD) Makes An Interesting CaseThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...공시 • May 29JD.com, Inc., Annual General Meeting, Jun 20, 2025JD.com, Inc., Annual General Meeting, Jun 20, 2025, at 15:00 China Standard Time. Location: building a, no. 18 kechuang 11 street, yizhuang, economic and technological development zone, daxing district, beijing China공시 • Apr 25JD.com, Inc. to Report Q1, 2025 Results on May 13, 2025JD.com, Inc. announced that they will report Q1, 2025 results Pre-Market on May 13, 2025Seeking Alpha • Apr 19JD.com: Enduring Growth Amid A Trade War, Hiking My Target PriceSummary Chinese stocks have outperformed in 2025; JD's strong fundamentals and government stimulus support a buy rating despite the recent pullback. JD's Q4 results exceeded expectations with $1.02 EPS and $47.5B revenue; margins and government subsidies drive optimism for 2025. JD's valuation is attractive with a forward EPS of $4.80, a 12x multiple, and a $58 intrinsic value target, indicating significant upside. Technical support at $32 is crucial; maintaining this level and rallying on improved RSI momentum could lead to a strong performance. Read the full article on Seeking AlphaReported Earnings • Apr 19Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥27.67 (up from CN¥15.37 in FY 2023). Revenue: CN¥1.16t (up 6.8% from FY 2023). Net income: CN¥41.4b (up 71% from FY 2023). Profit margin: 3.6% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$34.92, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Multiline Retail industry in the US. Total loss to shareholders of 34% over the past three years.Upcoming Dividend • Apr 01Upcoming dividend of US$0.98 per shareEligible shareholders must have bought the stock before 08 April 2025. Payment date: 29 April 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.3%).Seeking Alpha • Mar 20JD.com: Why I See Significant Upside PotentialSummary JD.com stock is significantly undervalued, trading at a forward price/sales ratio of 0.38x, suggesting strong upside potential compared to its U.S. rivals. Despite China's economic slowdown, JD.com has strong financials, with $158.76 billion in annual revenue and impressive net income growth. The company has seen double-digit gains in retail and logistics in Q4, with increasing user growth and shopping frequency, boosting margins. JD.com is rated a Strong Buy by Wall St. analysts and Seeking Alpha Quant ratings, with potential upside from a domestic retail rebound. Read the full article on Seeking AlphaDeclared Dividend • Mar 12Dividend of US$0.98 announcedShareholders will receive a dividend of US$0.98. Ex-date: 8th April 2025 Payment date: 29th April 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 31% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Seeking Alpha • Mar 11JD.com: Upgrading To Buy On Government Subsidy Tailwinds Driving GrowthSummary We are upgrading JD.com stock to Buy from Sell due to strong 4Q24 results and government consumption subsidies boosting revenue growth, especially in electronics and home appliances. Valuing JD at $56/share based on 8x forward EV/EBITDA multiple, reflecting its above-industry revenue growth and favorable macro policy support. Government subsidies are expected to continue, benefiting JD's large-ticket items; Xiaomi also seen as a potential beneficiary in non-smartphone segments. Risks include potential economic weakness impacting consumption and higher costs from JD's on-demand services expansion, but the subsidy-driven narrative remains strong for 2025. Read the full article on Seeking AlphaReported Earnings • Mar 06Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥27.66 (up from CN¥15.37 in FY 2023). Revenue: CN¥1.16t (up 6.8% from FY 2023). Net income: CN¥41.4b (up 71% from FY 2023). Profit margin: 3.6% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Mar 06+ 1 more updateJD.com, Inc. Announces Impairment of Goodwill and Long-Lived Assets for the Fourth Quarter Ended December 31, 2024JD.com, Inc. announced Impairment of goodwill and long-lived assets for the fourth quarter ended December 31, 2024. For the quarter, Impairment of goodwill and long-lived assets was RMB 2,361,000 against RMB 5,168,000 a year ago.Seeking Alpha • Feb 24JD: Earnings To Reflect Q4 StimulusSummary JD.com is expected to report record revenues on March 6th, driven by continued growth and recent Chinese fiscal and monetary stimulus measures. Despite economic challenges, JD generated $4.7B in free cash flow in the first nine months of 2024, supporting stock buybacks and a stable dividend. JD's P/E ratio of 13.48 suggests undervaluation, especially compared to BABA, indicating potential for multiple expansion in the e-commerce sector. Risks include potential earnings miss, prolonged Chinese economic slowdown, and escalating US-China trade tensions, but JD's domestic focus may mitigate trade war impacts. Read the full article on Seeking Alpha공시 • Feb 20JD.com, Inc. to Report Q4, 2024 Results on Mar 06, 2025JD.com, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 06, 2025Seeking Alpha • Feb 13JD.com: Is Instant Retail A Recipe For Success Or A Misstep In A Crowded Market?Summary JD.com's low commission strategy in food delivery is unsustainable long-term due to high operational costs and lack of delivery network scale. JD lacks the delivery personnel and merchant base to compete effectively with Meituan and Ele.me, limiting its growth potential. JD should focus on international expansion and leveraging its e-commerce strengths, rather than entering China's competitive food delivery market. With JD trading at 9x forward earnings, it remains a value trap; investors should consider higher-quality Chinese internet stocks like Meituan and PDD. Read the full article on Seeking Alpha공시 • Jan 28JD.com, Inc. (NasdaqGS:JD) proposed to acquire 40% stake in Dada Nexus Limited (NasdaqGS:DADA) for $51.9 million.JD.com, Inc. (NasdaqGS:JD) proposed to acquire 40% stake in Dada Nexus Limited (NasdaqGS:DADA) for $51.9 million on January 25, 2025. A cash consideration valued at $2 per share will be paid by JD.com, Inc. JD.com, Inc. through its wholly owned entities JD Sunflower Investment Limited and Windcreek Limited currently beneficially own more than 60% of the total issued and outstanding Ordinary Shares including American depositary share of Dada Nexus Limited.Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$39.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Multiline Retail industry in the US. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$64.94 per share.Seeking Alpha • Jan 13JD.com: Consumption Subsidies A Short-Term Catalyst, But Value Trap RemainsSummary China's new consumption policy could boost JD.com's home appliances and electronics revenue, posing a short-term upside risk to our bearish view on the stock. JD's PLUS membership upgrades, including generous return policies and unlimited free shipping, may enhance user stickiness and drive higher transaction frequency. Despite potential short-term gains, JD remains a value trap due to its reliance on China's weak housing market and limited international growth potential. We recommend rotating into higher-growth names like PDD, which offers low-cost leadership and global growth potential, trading at a discount compared to JD. Read the full article on Seeking AlphaSeeking Alpha • Jan 05JD.Com: A Capital Return Play For 2025Summary JD.com is a leading e-Commerce company in China, poised to benefit from Beijing’s stimulus package aimed at boosting consumer spending and economic growth. The company is highly profitable, generating significant operating income/free cash flow and returning substantial capital to shareholders through aggressive stock buybacks. JD.com trades at a 7.3X forward P/E ratio (14% earnings yield), offering an attractive risk profile. The primary risk is JD.com's heavy reliance on China's consumer spending, making it potentially riskier than more diversified rivals like Alibaba and Pinduoduo. Read the full article on Seeking AlphaSeeking Alpha • Dec 26JD.Com Stock Should Surge Anew Despite Trump TariffsSummary JD.com is well-positioned despite geopolitical risks, with strong domestic focus and limited exposure to U.S. tariffs, making it a Buy. Management's innovations in AI-driven logistics and vertical integration enhance delivery speeds and customer trust, setting JD apart from Alibaba. Strong financials with $153 billion in revenue and $33.6 billion in free cash flow, yet market undervalues JD with a P/E ratio of 11.6. Government stimulus and regulatory alignment offer economic tailwinds, while Wall Street analysts remain bullish with no Sell ratings. Read the full article on Seeking Alpha새로운 내러티브 • Nov 24Enhanced Supply Chain And Strategic Programs Set The Stage For A Retail Growth Revolution Enhanced supply chain and logistics are expected to lower costs and improve margins, positively impacting revenue and net margins. Reported Earnings • Nov 15Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: CN¥8.05 (up from CN¥5.04 in 3Q 2023). Revenue: CN¥260.4b (up 5.1% from 3Q 2023). Net income: CN¥11.7b (up 48% from 3Q 2023). Profit margin: 4.5% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to US$33.35, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Multiline Retail industry in the US. Total loss to shareholders of 60% over the past three years.Seeking Alpha • Nov 14JD.com: Excellent Q3 Results, Cheap AgainSummary JD.com has delivered strong Q3 earnings, beating analyst expectations on both revenue and profit, indicating consistent underestimation by analysts. JD.com is attractively valued at just 9x forward net profits and 6x forward EV/EBITDA. The company is focusing on profitability over aggressive growth, with operating profit up 18% and a new $5 billion share repurchase program. Risks include potential trade tensions and Chinese consumer sentiment, but JD.com's strong balance sheet and low valuation mitigate these concerns. Read the full article on Seeking AlphaSeeking Alpha • Nov 08JD.com Could Thrive In A Trump PresidencySummary JD.com stock fell on Wednesday as investors digested the implications of Trump's election win. Trump has pledged to slap 60% tariffs on goods from China, which would harm Chinese exports to the U.S. JD has barely any U.S. business, none of which is direct exports: its U.S. exposure is limited to providing logistics to Chinese companies trying to enter the U.S. market. The above logistics activities do not make up a large percentage of JD's revenue mix. In this article, I explore why JD stock should fare decently through Trump's second administration. Read the full article on Seeking Alpha공시 • Oct 31JD.com, Inc. to Report Q3, 2024 Results on Nov 14, 2024JD.com, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024Seeking Alpha • Oct 21JD.com: Valuation And Fundamentals At An Inflection PointSummary JD.com remains a buy due to expected revenue acceleration, margin expansion, and strong EPS growth, despite the stock's recent increase. Revenue growth will be driven by macro environment improvements, recovery from past actions, and 3P & general merchandise market expansion. JD is still undervalued, with the market pricing it as if it will shrink, making it an attractive investment. Previous valuation analysis using price/sales ratio and DCF model still supports JD's potential for a 19% annualized return over 5 years. Read the full article on Seeking AlphaSeeking Alpha • Oct 04JD.com: This Is Probably Just The BeginningSummary JD is still struggling to grow its top line, but due to improving margins and share buybacks, the bottom line almost doubled in the second quarter. In the years to come, JD will continue to grow its top line and can also use its free cash flow and cash reserves for share buybacks. Despite increasing 100% from its bottom, the stock price is still deeply undervalued. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Oct 02Founder & Chairman notifies of intention to sell stockQiangdong Liu intends to sell 145k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of September. If the sale is conducted around the recent share price of US$39.90, it would amount to US$5.8m. Since December 2023, Qiangdong has owned 164.30m shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 26%After last week's 26% share price gain to US$33.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Multiline Retail industry in the US. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$58.54 per share.Seeking Alpha • Sep 21Can JD Maintain Its MomentumSummary JD's RSI indicates a neutral momentum, while the stock is consolidating around key Fibonacci levels. Gross margin reached a historical high of 15.8%, showing YoY growth for two consecutive years. Electronics and home appliances revenue declined 4.6% YoY, but general merchandise grew 8.7%, with double-digit supermarket growth. JD repurchased 137 million Class A shares in Q2 2024, with a new $5 billion repurchase program starting in September. Revenue growth slowed to 1.2% YoY, below previous CAGR of 19%, as average order value continues to decline. Read the full article on Seeking AlphaSeeking Alpha • Aug 30JD.com: Top Chinese Stock To Buy NowSummary JD.com has faced challenges but remains highly profitable with a low enterprise value, potentially trading at just 5-6 times forward EPS estimates. Despite stagnant growth, JD's earnings have consistently outperformed expectations, suggesting the potential for significant stock price appreciation when sales growth returns. Technical indicators show JD may have bottomed out, with potential resistance at $35-$40 and a long-term inverse head and shoulders pattern forming. Wall Street targets imply substantial upside, with average price targets around $41 and high-end estimates suggesting up to 170% growth potential. Read the full article on Seeking Alpha공시 • Aug 28JD.com, Inc. (NasdaqGS:JD) announces an Equity Buyback for $5,000 million worth of its shares.JD.com, Inc. (NasdaqGS:JD) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of its shares. The repurchase program will be valid through August 31, 2027.Major Estimate Revision • Aug 21Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥19.60 to CN¥22.07. Revenue forecast steady at CN¥1.14t. Net income forecast to grow 15% next year vs 16% growth forecast for Multiline Retail industry in the US. Consensus price target broadly unchanged at US$41.08. Share price rose 4.4% to US$27.04 over the past week.공시 • Aug 21Walmart Reportedly Seeks to Raise $3.74 Billion in Sale of JD.com StakeWalmart Inc. (NYSE:WMT) is seeking to raise up to $3.74 billion by selling its stake in Chinese e-commerce firm JD.com, Inc. (NasdaqGS:JD), according to a term sheet seen by Reuters, as the U.S. retailer focuses on its own operations in China. Walmart is offering 144.5 million American depositary shares in the price range of $24.85 to $25.85, the term sheet shows, and Morgan Stanley is the broker-dealer of the offering. Walmart, the largest shareholder in JD.com, said in a statement that it had been a valued partner over the past eight years, and the U.S. retailer was committed to a continued commercial relationship with the Chinese e-commerce giant. "This decision allows us to focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities," Walmart said. JD.com's Hong Kong-listed shares fell more than 10% in early trading on August 21, 2024. U.S.-listed shares dropped 10% in after-market trading on August 20, 2024 to $25.50 after Bloomberg first reported the share sale plan. JD.com declined to comment. Morgan Stanley did not immediately respond to Reuters' request for comment.Seeking Alpha • Aug 19JD.com's Q2 Earnings: Profit Margins Are Well Set To Soar 2xSummary JD.com delivered another quarter of growth after revenues contracted for the majority of 2023. However, Q3 revenues still came in under consensus expectations. However, JD's focus on supply chain investments and efficiency has paved the way for margin expansion, setting it apart from competitors as management believes margins can double from here. A robust buyback program that is already being executed, a solid balance sheet, and attractive single-digit valuations point to a significant upside for JD stock. Read the full article on Seeking AlphaReported Earnings • Aug 16Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: CN¥8.39 (up from CN¥4.19 in 2Q 2023). Revenue: CN¥291.4b (up 1.2% from 2Q 2023). Net income: CN¥12.6b (up 92% from 2Q 2023). Profit margin: 4.3% (up from 2.3% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 69%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Seeking Alpha • Aug 12JD.com: A Depressed Multiple With Real EPS Growth And Impressive FCFSummary JD has struggled in the past few years despite a rally earlier this year, with investors selling tech and consumer-related China stocks. JD reported positive Q1 results in May, with strong earnings trends, and the stock now sports a low valuation. Amid bullish EPS trends and a sub-8 P/E, I see encouraging signs heading into the Q2 report. I highlight key price levels to monitor on the chart and assess the options situation. Read the full article on Seeking Alpha공시 • Aug 01JD.com, Inc. to Report Q2, 2024 Results on Aug 15, 2024JD.com, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 15, 2024Seeking Alpha • Jul 18JD.com: Great Bang For The BuckSummary Solid revenue growth and robust FCF profitability support an investment in JD.com. JD.com announced a new $3.0B stock buyback authorization earlier this year, which will allow the e-Commerce company to buy back its deeply discounted shares. JD.com is also free cash flow-profitable, and the company's e-Commerce business is cheap compared to rivals. Read the full article on Seeking Alpha공시 • Jul 15Ochama, JD.com's Omni-Channel Retailer, Recently Announces the Launch of Ochama 1H DeliveryOchama, JD.com's innovative omni-channel retailer, recently announced the launch of "ochama 1h delivery," underscoring the company's dedication to providing swift and reliable shopping experiences that meet the evolving needs of its customers. This new service provides free one-hour delivery for select products across most of Amsterdam, setting it apart as the only complimentary service of its kind in the Netherlands. The new "ochama 1h delivery" service encompasses a diverse range of product categories such as fresh and frozen foods, beverages, beers, personal care items, and more. Customers placing orders between 9 AM and 11 PM will receive their packages within one hour. For orders made after 11 PM, delivery will be scheduled before 10 AM the following day. A subsidiary of JD.com, China's largest retailer by revenue, ochama leverages advanced supply chain technologies and capabilities to offer efficient delivery. The cornerstone of the new 1h delivery service is the strategically located Forward Distribution Center (FDC) in Amsterdam. Optimally positioned to serve customers, the FDC supports storage, sorting, and immediate order fulfillment, effectively serving consumers within a 3 km radius. Specifically, orders are immediately relayed to the Amsterdam FDC upon placement. There, ochama's dedicated team swiftly picks and packs the items. The package is then delivered directly to the customer's doorstep by ochama's in-house delivery couriers, ensuring a seamless and efficient delivery process. To further accommodate the diverse pick-up preferences of consumers, ochama has recently deployed more than 1,000 pick-up lockers across the Netherlands and Belgium. This innovative, automated pickup option enhances the convenience of ochama's existing pick-up services. Ochama currently offers home delivery services in 24 countries and operates over 800 pickup points across the Netherlands, Germany, Belgium, and France. Additionally, ochama introduced same-day pick-up services in select regions in the Netherlands. During the recent "618 Grand Promotion," an annual sales event featuring significant discounts on a wide range of products, ochama reported a 245% year-on-year increase in electronics sales, highlighting the growing trust and preference among its customer base. Looking ahead, ochama remains dedicated to its mission of providing superior quality, affordability, and convenience, ensuring an enhanced shopping experience for all its customers.Seeking Alpha • Jul 10JD.com: Big Buyback Could Ramp Up GrowthSummary A few months ago, I covered JD.com stock, calling it a value (borderline deep value) play with potential. Since my last article published, JD stock has beaten the market. Despite the significant gains (about 21%), I'm actually more bullish on the stock now than I was then. I sold my JD shares on their last leg up, which took their value past $30. They have since given up some of those gains; I'd be comfortable holding JD today. In this article, I explain why I'm upgrading JD to strong buy. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Jul 01Founder & Chairman notifies of intention to sell stockQiangdong Liu intends to sell 160k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of July. If the sale is conducted around the recent share price of US$29.24, it would amount to US$4.7m. Since December 2023, Qiangdong has owned 164.30m shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.Seeking Alpha • Jun 26JD.com: A Cautious Buy On The Back Of Sentiment Recovery And The EconomySummary JD.com, Inc. is trading at a cheap valuation compared to American and European e-commerce retailers, but concerns about corporate governance and Chinese economic uncertainty are weighing down the stock. Earnings momentum, not valuation multiples, will likely drive the stock higher, especially as consumer confidence in China gradually recovers. Despite strong results in the first quarter of 2024, JD's stock has declined due to concerns about future growth prospects and increasing competition in the Chinese market. Read the full article on Seeking AlphaSeeking Alpha • Jun 06JD.com: The Sell-Off Created An OpportunitySummary JD.com reported solid Q1 earnings and has a positive outlook for 2024 and 2025. The stock price fell after earnings due to profit-taking and correlation with broader Chinese markets. There is a buying opportunity in the $26.5-$28 range, with potential for new highs above $35.69 this year. Read the full article on Seeking AlphaReported Earnings • May 23First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: CN¥4.56 (up from CN¥3.99 in 1Q 2023). Revenue: CN¥260.0b (up 7.0% from 1Q 2023). Net income: CN¥7.13b (up 14% from 1Q 2023). Profit margin: 2.7% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.이익 및 매출 성장 예측NasdaqGS:JD - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,553,70344,75054,64879,8902412/31/20271,472,15036,24951,70264,0593912/31/20261,386,09326,16033,46260,481393/31/20261,323,69713,84317,27737,808N/A12/31/20251,309,08519,6311,20018,991N/A9/30/20251,303,78732,1988,48423,003N/A6/30/20251,265,11538,6537,53824,819N/A3/31/20251,199,85245,11933,57851,148N/A12/31/20241,158,81941,35939,96858,095N/A9/30/20241,117,91034,89427,58852,817N/A6/30/20241,105,22131,09949,17674,040N/A3/31/20241,101,75525,03647,17369,813N/A12/31/20231,084,66224,16734,03859,521N/A9/30/20231,074,03123,81035,84258,394N/A6/30/20231,069,86821,83729,67652,541N/A3/31/20231,049,53719,63212,46939,697N/A12/31/20221,046,23610,38032,73657,819N/A9/30/20221,026,6972,18320,66445,805N/A6/30/20221,001,870-6,58724,30051,102N/A3/31/2022988,071-10,16822,32546,325N/A12/31/2021951,592-3,56018,42042,301N/A9/30/2021900,01325,93022,32741,042N/A6/30/2021855,51936,29725,14938,851N/A3/31/2021802,77351,94920,66236,577N/A12/31/2020745,80249,40530,08842,544N/A9/30/2020692,15828,71424,12237,334N/A6/30/2020652,78621,76614,42126,341N/A3/31/2020602,0135,93813,31219,915N/A12/31/2019576,88812,184N/A24,781N/A9/30/2019541,0373,745N/A30,806N/A6/30/2019510,9626,134N/A31,756N/A3/31/2019482,9733,303N/A27,978N/A12/31/2018462,020-2,492N/A20,881N/A9/30/2018437,3531,404N/A18,240N/A6/30/2018416,331-582N/A14,344N/A3/31/2018387,2411,343N/A18,612N/A12/31/2017362,332117N/A26,857N/A9/30/2017331,578-235N/A20,487N/A6/30/2017310,343-2,693N/A24,790N/A3/31/2017279,538-792N/A10,266N/A12/31/2016258,290-2,000N/A8,240N/A9/30/2016233,475-8,096N/A11,703N/A6/30/2016217,924-9,319N/A-413N/A3/31/2016198,605-9,308N/A2,260N/A12/31/2015181,042-7,732N/A1,696N/A9/30/2015161,400-3,700N/A499N/A6/30/2015146,301-1,839N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: JD 의 연간 예상 수익 증가율(29.4%)이 saving rate(3.5%)보다 높습니다.수익 vs 시장: JD 의 연간 수익(29.4%)이 US 시장(16.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: JD 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: JD 의 수익(연간 5.1%)이 US 시장(연간 11.9%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: JD 의 수익(연간 5.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: JD의 자본 수익률은 3년 후 14.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/28 21:44종가2026/05/28 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스JD.com, Inc.는 73명의 분석가가 다루고 있습니다. 이 중 39명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Zixiao YangArete Research Services LLPJiong ShaoBarclaysAlicia YapBarclays70명의 분석가 더 보기
분석 기사 • Aug 18Earnings Beat: JD.com, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsNasdaqGS:JD 1 Year Share Price vs Fair Value Explore JD.com's Fair Values from the Community and select yours JD.com...
Major Estimate Revision • Aug 01Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥17.35 to CN¥15.15 per share. Revenue forecast steady at CN¥1.30t. Net income forecast to shrink 38% next year vs 2.2% growth forecast for Multiline Retail industry in the US . Consensus price target broadly unchanged at US$46.19. Share price fell 6.8% to US$30.91 over the past week.
Major Estimate Revision • Jul 25Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥18.78 to CN¥16.43 per share. Revenue forecast steady at CN¥1.30t. Net income forecast to shrink 37% next year vs 2.2% growth forecast for Multiline Retail industry in the US . Consensus price target broadly unchanged at US$47.07. Share price fell 2.2% to US$33.18 over the past week.
Major Estimate Revision • Jul 11Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥26.92 to CN¥23.48 per share. Revenue forecast steady at CN¥1.29t. Net income forecast to shrink 26% next year vs 6.4% growth forecast for Multiline Retail industry in the US . Consensus price target down from US$51.89 to US$48.93. Share price fell 3.0% to US$31.10 over the past week.
Major Estimate Revision • Aug 21Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥19.60 to CN¥22.07. Revenue forecast steady at CN¥1.14t. Net income forecast to grow 15% next year vs 16% growth forecast for Multiline Retail industry in the US. Consensus price target broadly unchanged at US$41.08. Share price rose 4.4% to US$27.04 over the past week.
속보 • May 22JD.com Q1 Earnings Beat Expectations as AI-Driven Retail Margins Set Record HighJD.com reported Q1 2026 earnings that beat analyst expectations, with a 41% increase in earnings and retail operating margin at a record 5.6% driven by its core retail segment and improved marketing efficiency. Net income for the quarter declined 53% year on year as JD.com increased spending on fulfillment, R&D and marketing, while losses in the food delivery segment narrowed and continued to support user engagement and ad revenue. The company is preparing its first fully AI-integrated 618 Grand Promotion starting May 30, featuring discounts of up to 50% and wider AI adoption across retail, logistics, healthcare and merchant operations. The key theme is JD.com leaning into its supply chain and AI capabilities to support profitability in its core retail business while still funding newer areas such as food delivery and healthcare. It is worth monitoring how the Q2 revenue softness that management anticipates interacts with the higher cost base, and whether the AI-focused 618 promotion supports margins and user growth.
Seeking Alpha • May 12JD.com: Far From Being A Lost CauseSummary JD.com, Inc. remains a deep value play, with a forward P/E at a 35.67% sector discount and fundamentals that don't need to be perfect for upside. Q1 showed revenue growth acceleration to 4.9% YoY, with service revenues outpacing sluggish product sales amid ongoing consumer weakness in China. New business initiatives are dragging on margins, but management demonstrates long-term confidence and strategic ambition with Joybuy's European launch. I reiterate my Buy rating, as recent improvements in cash flow and resilient top-line growth support a favorable risk/reward profile for patient investors. Read the full article on Seeking Alpha
내러티브 업데이트 • May 01JD: Delivery Investments And Europe Expansion Will Continue To Pressure MarginsAnalyst price targets for JD.com have moved up by a few dollars per share, as analysts point to more disciplined food delivery spending and refreshed models from firms that recently raised their $ targets following earlier Q4 related cuts. Analyst Commentary Recent research updates on JD.com point to a mixed setup for investors, with some firms turning more constructive while others keep a tight focus on execution risks, profitability trends, and how much of that is already reflected in the share price.
공시 • Apr 28JD.com, Inc. to Report Q1, 2026 Results on May 12, 2026JD.com, Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026
Reported Earnings • Apr 17Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: CN¥13.79 (down from CN¥27.67 in FY 2024). Revenue: CN¥1.31t (up 13% from FY 2024). Net income: CN¥19.6b (down 53% from FY 2024). Profit margin: 1.5% (down from 3.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
내러티브 업데이트 • Apr 17JD: Ongoing Delivery Investments Will Continue To Pressure Margins And ReturnsAnalysts have lifted the JD.com fair value estimate from $23.65 to $26.57. This reflects updated assumptions around slightly higher revenue growth, modestly improved profit margins, a reduced discount rate, and a higher future P/E multiple, supported by a recent wave of price target increases and upgrades tied to lower food delivery spending and refreshed models after the latest results.
새로운 내러티브 • Apr 08JD.com, Inc. (JD): The "Supply Chain Sovereign" Engineering a Global AI Retail ResetJD.com, Inc. (JD) , China’s largest retailer by revenue and its premier vertically integrated e-commerce giant, closed the April 8, 2026, session at $29.05 USD on the NASDAQ.
내러티브 업데이트 • Apr 03JD: Ongoing Delivery And Advertising Spend Will Pressure Margins For LongerAnalysts have trimmed JD.com's fair value estimate from $26.40 to $23.65, citing recent price target cuts that reflect ongoing pressure on profitability from investments in food delivery and advertising. Updated models incorporate revised assumptions for revenue growth, margins, and future P/E levels.
Upcoming Dividend • Apr 02Upcoming dividend of US$0.98 per shareEligible shareholders must have bought the stock before 09 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (1.4%).
내러티브 업데이트 • Mar 20JD: Europe Expansion And Ongoing Investments Will Reshape Profitability OutlookAnalysts have trimmed their fair value estimate for JD.com from about $60.47 to $53.57 as price targets across the Street move lower. The change reflects updated models that factor in a slightly higher discount rate, modestly softer margin expectations, and ongoing investment spending that is weighing on near term profitability.
Declared Dividend • Mar 16Dividend of US$0.98 announcedShareholders will receive a dividend of US$0.98. Ex-date: 9th April 2026 Payment date: 29th April 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
내러티브 업데이트 • Mar 06JD: Slower Revenue And Higher Marketing Spend Will Test Margin ResilienceAnalysts have reduced their average fair value estimate for JD.com from about $28.36 to $26.40. This change reflects updated models after recent Q4 results and concerns about slower revenue growth, slightly lower profit margins, a higher discount rate, and ongoing pressure from advertising spend on profitability.
Reported Earnings • Mar 06Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: CN¥13.79 (down from CN¥27.67 in FY 2024). Revenue: CN¥1.31t (up 13% from FY 2024). Net income: CN¥19.6b (down 53% from FY 2024). Profit margin: 1.5% (down from 3.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
공시 • Mar 05JD.com, Inc. Announces Dividend for the Year Ended December 31, 2025, Payable on April 23, 2026JD.com, Inc. announced Dividend of USD 0.5 per share for the Year Ended December 31, 2025. Ex-dividend date 08 April 2026, Record date: 09 April 2026. Payment date:23 April 2026.
공시 • Feb 20JD.com, Inc. to Report Q4, 2025 Results on Mar 05, 2026JD.com, Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 05, 2026
Recent Insider Transactions Derivative • Jan 11CEO & Executive Director notifies of intention to sell stockRan Xu intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of January. If the sale is conducted around the recent share price of US$29.09, it would amount to US$407k. As of today, Ran currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Recent Insider Transactions Derivative • Jan 08CEO & Executive Director notifies of intention to sell stockRan Xu intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of January. If the sale is conducted around the recent share price of US$29.09, it would amount to US$407k. As of today, Ran currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.
분석 기사 • Jan 05An Intrinsic Calculation For JD.com, Inc. (NASDAQ:JD) Suggests It's 47% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, JD.com fair value estimate is US$55.30 Current share price of...
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: CN¥3.72 (down from CN¥8.05 in 3Q 2024). Revenue: CN¥299.1b (up 15% from 3Q 2024). Net income: CN¥5.28b (down 55% from 3Q 2024). Profit margin: 1.8% (down from 4.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 159%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
내러티브 업데이트 • Oct 31JD: Delivery Order Momentum Will Drive Further Business Expansion AheadJD.com's analyst price target has been raised slightly, reflecting a modest increase of $0.14 to $45.26. Analysts point to recent order growth and ongoing strategic investments supporting a positive outlook.
공시 • Oct 30JD.com, Inc. to Report Q3, 2025 Results on Nov 13, 2025JD.com, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025
내러티브 업데이트 • Oct 17Chinese Digital Retail And Logistics Will Open Markets Despite RisksJD.com's analyst-derived fair value price target was nudged up by $0.13 to $45.12, as analysts cite slightly higher expected revenue growth. However, this is tempered by ongoing margin pressures and continued strategic investment priorities.
내러티브 업데이트 • Oct 03Chinese Digital Retail And Logistics Will Open Markets Despite RisksAnalysts have modestly raised their fair value price target for JD.com from $44.52 to $44.99. They cite balanced expectations for the company's growth outlook, ongoing strategic investments, and profitability considerations.
공시 • Sep 16Sainsbury’s Ends Talks to Sell Argos to China’s JD.comJ Sainsbury plc (LSE:SBRY) has ended its talks to sell Argos (Argos Limited) to JD.com, Inc. (NasdaqGS:JD). On 14 September 2025, the supermarket giant confirmed it had “terminated” discussions over a potential sale. It said talks had collapsed as JD.com’s terms and commitments are “not in the best interests of Sainsbury’s shareholders, colleagues and broader stakeholders”. It comes just 24 hours after announcing it was seeking a deal that could “accelerate Argos’ transformation”. In a statement on 14 September 2025, Sainsbury’s said: “Following the media speculation on 13 September 2025 regarding discussions between J Sainsbury plc (Sainsbury’s) and JD.com Inc. (JD.com) about a potential sale of Home Retail Group Limited (Argos), JD.com has communicated that it would now only be prepared to engage on a materially revised set of terms and commitments which are not in the best interests of Sainsbury’s shareholders, colleagues and broader stakeholders. “Accordingly, Sainsbury’s confirmed that it has now terminated discussions with JD.com.” Asked whether Argos is still up for sale, a Sainsbury’s spokesman said: “We are really focused on delivering a strong future for Argos.” The statement added: “We are taking focused action to extend range, enhance digital capabilities and improve relevance to grow frequency and spend in Argos whilst delivering further operating model efficiencies. “Sainsbury’s is committed to delivering the strongest and most successful future for Argos customers and colleagues and our ‘More Argos, more often’ transformation strategy is delivering good progress”.
공시 • Sep 15J Sainsbury in Talks to Sell Retail Arm to JD.ComJ Sainsbury plc (LSE:SBRY), the UK’s second-largest supermarket, is in discussions to sell its Argos (Argos Limited) unit to JD.com, Inc. (NasdaqGS:JD), a major ecommerce firm from China. Sainsbury acquired Argos in 2016 and has seen mixed results from the business, with First Quarter sales up 4.4% due to favorable weather. The company said talks with JD.com include commitments related to Argos’ customers, staff, and partners, but did not share financial terms. No agreement has been reached, and Sainsbury said there is no certainty the deal will proceed.
내러티브 업데이트 • Sep 04Chinese Digital Retail And Logistics Will Open Markets Despite RisksAnalysts have tempered their long-term outlook on JD.com due to ongoing margin pressures and uncertainty over profitability from new business investments, leading to a consensus price target that remains at $44.48 despite strong near-term revenue growth. Analyst Commentary Bullish analysts remain positive on JD.com's near-term growth outlook, citing strong Q2 topline performance and expectations for above-consensus revenue growth.
분석 기사 • Aug 21We Think That There Are Issues Underlying JD.com's (NASDAQ:JD) EarningsNasdaqGS:JD 1 Year Share Price vs Fair Value Explore JD.com's Fair Values from the Community and select yours JD.com...
분석 기사 • Aug 18Earnings Beat: JD.com, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsNasdaqGS:JD 1 Year Share Price vs Fair Value Explore JD.com's Fair Values from the Community and select yours JD.com...
공시 • Aug 18JD.com, Inc. (NasdaqGS:JD) acquired 70% stake in Moretide Investments Ltd. in a transaction valued at HKD 4 billion.JD.com, Inc. (NasdaqGS:JD) acquired 70% stake in Moretide Investments Ltd. in a transaction valued at HKD 4 billion on August 16, 2025. This strategic acquisition combines industry-leading supply chain capabilities with KAI BO’s deep local expertise and allows for stronger omnichannel retail growth and an enhanced shopping experience for consumers across Hong Kong. JD.com, Inc. (NasdaqGS:JD) completed the acquisition of 70% stake in Moretide Investments Ltd. on August 16, 2025.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: CN¥4.34 (down from CN¥8.39 in 2Q 2024). Revenue: CN¥356.7b (up 22% from 2Q 2024). Net income: CN¥6.18b (down 51% from 2Q 2024). Profit margin: 1.7% (down from 4.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Aug 01Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥17.35 to CN¥15.15 per share. Revenue forecast steady at CN¥1.30t. Net income forecast to shrink 38% next year vs 2.2% growth forecast for Multiline Retail industry in the US . Consensus price target broadly unchanged at US$46.19. Share price fell 6.8% to US$30.91 over the past week.
공시 • Jul 31+ 1 more updateJD.com, Inc. to Report Q2, 2025 Results on Aug 14, 2025JD.com, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025
Major Estimate Revision • Jul 25Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥18.78 to CN¥16.43 per share. Revenue forecast steady at CN¥1.30t. Net income forecast to shrink 37% next year vs 2.2% growth forecast for Multiline Retail industry in the US . Consensus price target broadly unchanged at US$47.07. Share price fell 2.2% to US$33.18 over the past week.
분석 기사 • Jul 15There's Been No Shortage Of Growth Recently For JD.com's (NASDAQ:JD) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Major Estimate Revision • Jul 11Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥26.92 to CN¥23.48 per share. Revenue forecast steady at CN¥1.29t. Net income forecast to shrink 26% next year vs 6.4% growth forecast for Multiline Retail industry in the US . Consensus price target down from US$51.89 to US$48.93. Share price fell 3.0% to US$31.10 over the past week.
분석 기사 • Jun 30JD.com (NASDAQ:JD) Could Easily Take On More DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Jun 15JD.com, Inc.'s (NASDAQ:JD) Earnings Are Not Doing Enough For Some InvestorsWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...
분석 기사 • May 30With EPS Growth And More, JD.com (NASDAQ:JD) Makes An Interesting CaseThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
공시 • May 29JD.com, Inc., Annual General Meeting, Jun 20, 2025JD.com, Inc., Annual General Meeting, Jun 20, 2025, at 15:00 China Standard Time. Location: building a, no. 18 kechuang 11 street, yizhuang, economic and technological development zone, daxing district, beijing China
공시 • Apr 25JD.com, Inc. to Report Q1, 2025 Results on May 13, 2025JD.com, Inc. announced that they will report Q1, 2025 results Pre-Market on May 13, 2025
Seeking Alpha • Apr 19JD.com: Enduring Growth Amid A Trade War, Hiking My Target PriceSummary Chinese stocks have outperformed in 2025; JD's strong fundamentals and government stimulus support a buy rating despite the recent pullback. JD's Q4 results exceeded expectations with $1.02 EPS and $47.5B revenue; margins and government subsidies drive optimism for 2025. JD's valuation is attractive with a forward EPS of $4.80, a 12x multiple, and a $58 intrinsic value target, indicating significant upside. Technical support at $32 is crucial; maintaining this level and rallying on improved RSI momentum could lead to a strong performance. Read the full article on Seeking Alpha
Reported Earnings • Apr 19Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥27.67 (up from CN¥15.37 in FY 2023). Revenue: CN¥1.16t (up 6.8% from FY 2023). Net income: CN¥41.4b (up 71% from FY 2023). Profit margin: 3.6% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$34.92, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Multiline Retail industry in the US. Total loss to shareholders of 34% over the past three years.
Upcoming Dividend • Apr 01Upcoming dividend of US$0.98 per shareEligible shareholders must have bought the stock before 08 April 2025. Payment date: 29 April 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.3%).
Seeking Alpha • Mar 20JD.com: Why I See Significant Upside PotentialSummary JD.com stock is significantly undervalued, trading at a forward price/sales ratio of 0.38x, suggesting strong upside potential compared to its U.S. rivals. Despite China's economic slowdown, JD.com has strong financials, with $158.76 billion in annual revenue and impressive net income growth. The company has seen double-digit gains in retail and logistics in Q4, with increasing user growth and shopping frequency, boosting margins. JD.com is rated a Strong Buy by Wall St. analysts and Seeking Alpha Quant ratings, with potential upside from a domestic retail rebound. Read the full article on Seeking Alpha
Declared Dividend • Mar 12Dividend of US$0.98 announcedShareholders will receive a dividend of US$0.98. Ex-date: 8th April 2025 Payment date: 29th April 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 31% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Seeking Alpha • Mar 11JD.com: Upgrading To Buy On Government Subsidy Tailwinds Driving GrowthSummary We are upgrading JD.com stock to Buy from Sell due to strong 4Q24 results and government consumption subsidies boosting revenue growth, especially in electronics and home appliances. Valuing JD at $56/share based on 8x forward EV/EBITDA multiple, reflecting its above-industry revenue growth and favorable macro policy support. Government subsidies are expected to continue, benefiting JD's large-ticket items; Xiaomi also seen as a potential beneficiary in non-smartphone segments. Risks include potential economic weakness impacting consumption and higher costs from JD's on-demand services expansion, but the subsidy-driven narrative remains strong for 2025. Read the full article on Seeking Alpha
Reported Earnings • Mar 06Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥27.66 (up from CN¥15.37 in FY 2023). Revenue: CN¥1.16t (up 6.8% from FY 2023). Net income: CN¥41.4b (up 71% from FY 2023). Profit margin: 3.6% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Mar 06+ 1 more updateJD.com, Inc. Announces Impairment of Goodwill and Long-Lived Assets for the Fourth Quarter Ended December 31, 2024JD.com, Inc. announced Impairment of goodwill and long-lived assets for the fourth quarter ended December 31, 2024. For the quarter, Impairment of goodwill and long-lived assets was RMB 2,361,000 against RMB 5,168,000 a year ago.
Seeking Alpha • Feb 24JD: Earnings To Reflect Q4 StimulusSummary JD.com is expected to report record revenues on March 6th, driven by continued growth and recent Chinese fiscal and monetary stimulus measures. Despite economic challenges, JD generated $4.7B in free cash flow in the first nine months of 2024, supporting stock buybacks and a stable dividend. JD's P/E ratio of 13.48 suggests undervaluation, especially compared to BABA, indicating potential for multiple expansion in the e-commerce sector. Risks include potential earnings miss, prolonged Chinese economic slowdown, and escalating US-China trade tensions, but JD's domestic focus may mitigate trade war impacts. Read the full article on Seeking Alpha
공시 • Feb 20JD.com, Inc. to Report Q4, 2024 Results on Mar 06, 2025JD.com, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 06, 2025
Seeking Alpha • Feb 13JD.com: Is Instant Retail A Recipe For Success Or A Misstep In A Crowded Market?Summary JD.com's low commission strategy in food delivery is unsustainable long-term due to high operational costs and lack of delivery network scale. JD lacks the delivery personnel and merchant base to compete effectively with Meituan and Ele.me, limiting its growth potential. JD should focus on international expansion and leveraging its e-commerce strengths, rather than entering China's competitive food delivery market. With JD trading at 9x forward earnings, it remains a value trap; investors should consider higher-quality Chinese internet stocks like Meituan and PDD. Read the full article on Seeking Alpha
공시 • Jan 28JD.com, Inc. (NasdaqGS:JD) proposed to acquire 40% stake in Dada Nexus Limited (NasdaqGS:DADA) for $51.9 million.JD.com, Inc. (NasdaqGS:JD) proposed to acquire 40% stake in Dada Nexus Limited (NasdaqGS:DADA) for $51.9 million on January 25, 2025. A cash consideration valued at $2 per share will be paid by JD.com, Inc. JD.com, Inc. through its wholly owned entities JD Sunflower Investment Limited and Windcreek Limited currently beneficially own more than 60% of the total issued and outstanding Ordinary Shares including American depositary share of Dada Nexus Limited.
Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$39.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Multiline Retail industry in the US. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$64.94 per share.
Seeking Alpha • Jan 13JD.com: Consumption Subsidies A Short-Term Catalyst, But Value Trap RemainsSummary China's new consumption policy could boost JD.com's home appliances and electronics revenue, posing a short-term upside risk to our bearish view on the stock. JD's PLUS membership upgrades, including generous return policies and unlimited free shipping, may enhance user stickiness and drive higher transaction frequency. Despite potential short-term gains, JD remains a value trap due to its reliance on China's weak housing market and limited international growth potential. We recommend rotating into higher-growth names like PDD, which offers low-cost leadership and global growth potential, trading at a discount compared to JD. Read the full article on Seeking Alpha
Seeking Alpha • Jan 05JD.Com: A Capital Return Play For 2025Summary JD.com is a leading e-Commerce company in China, poised to benefit from Beijing’s stimulus package aimed at boosting consumer spending and economic growth. The company is highly profitable, generating significant operating income/free cash flow and returning substantial capital to shareholders through aggressive stock buybacks. JD.com trades at a 7.3X forward P/E ratio (14% earnings yield), offering an attractive risk profile. The primary risk is JD.com's heavy reliance on China's consumer spending, making it potentially riskier than more diversified rivals like Alibaba and Pinduoduo. Read the full article on Seeking Alpha
Seeking Alpha • Dec 26JD.Com Stock Should Surge Anew Despite Trump TariffsSummary JD.com is well-positioned despite geopolitical risks, with strong domestic focus and limited exposure to U.S. tariffs, making it a Buy. Management's innovations in AI-driven logistics and vertical integration enhance delivery speeds and customer trust, setting JD apart from Alibaba. Strong financials with $153 billion in revenue and $33.6 billion in free cash flow, yet market undervalues JD with a P/E ratio of 11.6. Government stimulus and regulatory alignment offer economic tailwinds, while Wall Street analysts remain bullish with no Sell ratings. Read the full article on Seeking Alpha
새로운 내러티브 • Nov 24Enhanced Supply Chain And Strategic Programs Set The Stage For A Retail Growth Revolution Enhanced supply chain and logistics are expected to lower costs and improve margins, positively impacting revenue and net margins.
Reported Earnings • Nov 15Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: CN¥8.05 (up from CN¥5.04 in 3Q 2023). Revenue: CN¥260.4b (up 5.1% from 3Q 2023). Net income: CN¥11.7b (up 48% from 3Q 2023). Profit margin: 4.5% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to US$33.35, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Multiline Retail industry in the US. Total loss to shareholders of 60% over the past three years.
Seeking Alpha • Nov 14JD.com: Excellent Q3 Results, Cheap AgainSummary JD.com has delivered strong Q3 earnings, beating analyst expectations on both revenue and profit, indicating consistent underestimation by analysts. JD.com is attractively valued at just 9x forward net profits and 6x forward EV/EBITDA. The company is focusing on profitability over aggressive growth, with operating profit up 18% and a new $5 billion share repurchase program. Risks include potential trade tensions and Chinese consumer sentiment, but JD.com's strong balance sheet and low valuation mitigate these concerns. Read the full article on Seeking Alpha
Seeking Alpha • Nov 08JD.com Could Thrive In A Trump PresidencySummary JD.com stock fell on Wednesday as investors digested the implications of Trump's election win. Trump has pledged to slap 60% tariffs on goods from China, which would harm Chinese exports to the U.S. JD has barely any U.S. business, none of which is direct exports: its U.S. exposure is limited to providing logistics to Chinese companies trying to enter the U.S. market. The above logistics activities do not make up a large percentage of JD's revenue mix. In this article, I explore why JD stock should fare decently through Trump's second administration. Read the full article on Seeking Alpha
공시 • Oct 31JD.com, Inc. to Report Q3, 2024 Results on Nov 14, 2024JD.com, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024
Seeking Alpha • Oct 21JD.com: Valuation And Fundamentals At An Inflection PointSummary JD.com remains a buy due to expected revenue acceleration, margin expansion, and strong EPS growth, despite the stock's recent increase. Revenue growth will be driven by macro environment improvements, recovery from past actions, and 3P & general merchandise market expansion. JD is still undervalued, with the market pricing it as if it will shrink, making it an attractive investment. Previous valuation analysis using price/sales ratio and DCF model still supports JD's potential for a 19% annualized return over 5 years. Read the full article on Seeking Alpha
Seeking Alpha • Oct 04JD.com: This Is Probably Just The BeginningSummary JD is still struggling to grow its top line, but due to improving margins and share buybacks, the bottom line almost doubled in the second quarter. In the years to come, JD will continue to grow its top line and can also use its free cash flow and cash reserves for share buybacks. Despite increasing 100% from its bottom, the stock price is still deeply undervalued. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Oct 02Founder & Chairman notifies of intention to sell stockQiangdong Liu intends to sell 145k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of September. If the sale is conducted around the recent share price of US$39.90, it would amount to US$5.8m. Since December 2023, Qiangdong has owned 164.30m shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 26%After last week's 26% share price gain to US$33.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Multiline Retail industry in the US. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$58.54 per share.
Seeking Alpha • Sep 21Can JD Maintain Its MomentumSummary JD's RSI indicates a neutral momentum, while the stock is consolidating around key Fibonacci levels. Gross margin reached a historical high of 15.8%, showing YoY growth for two consecutive years. Electronics and home appliances revenue declined 4.6% YoY, but general merchandise grew 8.7%, with double-digit supermarket growth. JD repurchased 137 million Class A shares in Q2 2024, with a new $5 billion repurchase program starting in September. Revenue growth slowed to 1.2% YoY, below previous CAGR of 19%, as average order value continues to decline. Read the full article on Seeking Alpha
Seeking Alpha • Aug 30JD.com: Top Chinese Stock To Buy NowSummary JD.com has faced challenges but remains highly profitable with a low enterprise value, potentially trading at just 5-6 times forward EPS estimates. Despite stagnant growth, JD's earnings have consistently outperformed expectations, suggesting the potential for significant stock price appreciation when sales growth returns. Technical indicators show JD may have bottomed out, with potential resistance at $35-$40 and a long-term inverse head and shoulders pattern forming. Wall Street targets imply substantial upside, with average price targets around $41 and high-end estimates suggesting up to 170% growth potential. Read the full article on Seeking Alpha
공시 • Aug 28JD.com, Inc. (NasdaqGS:JD) announces an Equity Buyback for $5,000 million worth of its shares.JD.com, Inc. (NasdaqGS:JD) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of its shares. The repurchase program will be valid through August 31, 2027.
Major Estimate Revision • Aug 21Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥19.60 to CN¥22.07. Revenue forecast steady at CN¥1.14t. Net income forecast to grow 15% next year vs 16% growth forecast for Multiline Retail industry in the US. Consensus price target broadly unchanged at US$41.08. Share price rose 4.4% to US$27.04 over the past week.
공시 • Aug 21Walmart Reportedly Seeks to Raise $3.74 Billion in Sale of JD.com StakeWalmart Inc. (NYSE:WMT) is seeking to raise up to $3.74 billion by selling its stake in Chinese e-commerce firm JD.com, Inc. (NasdaqGS:JD), according to a term sheet seen by Reuters, as the U.S. retailer focuses on its own operations in China. Walmart is offering 144.5 million American depositary shares in the price range of $24.85 to $25.85, the term sheet shows, and Morgan Stanley is the broker-dealer of the offering. Walmart, the largest shareholder in JD.com, said in a statement that it had been a valued partner over the past eight years, and the U.S. retailer was committed to a continued commercial relationship with the Chinese e-commerce giant. "This decision allows us to focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities," Walmart said. JD.com's Hong Kong-listed shares fell more than 10% in early trading on August 21, 2024. U.S.-listed shares dropped 10% in after-market trading on August 20, 2024 to $25.50 after Bloomberg first reported the share sale plan. JD.com declined to comment. Morgan Stanley did not immediately respond to Reuters' request for comment.
Seeking Alpha • Aug 19JD.com's Q2 Earnings: Profit Margins Are Well Set To Soar 2xSummary JD.com delivered another quarter of growth after revenues contracted for the majority of 2023. However, Q3 revenues still came in under consensus expectations. However, JD's focus on supply chain investments and efficiency has paved the way for margin expansion, setting it apart from competitors as management believes margins can double from here. A robust buyback program that is already being executed, a solid balance sheet, and attractive single-digit valuations point to a significant upside for JD stock. Read the full article on Seeking Alpha
Reported Earnings • Aug 16Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: CN¥8.39 (up from CN¥4.19 in 2Q 2023). Revenue: CN¥291.4b (up 1.2% from 2Q 2023). Net income: CN¥12.6b (up 92% from 2Q 2023). Profit margin: 4.3% (up from 2.3% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 69%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Seeking Alpha • Aug 12JD.com: A Depressed Multiple With Real EPS Growth And Impressive FCFSummary JD has struggled in the past few years despite a rally earlier this year, with investors selling tech and consumer-related China stocks. JD reported positive Q1 results in May, with strong earnings trends, and the stock now sports a low valuation. Amid bullish EPS trends and a sub-8 P/E, I see encouraging signs heading into the Q2 report. I highlight key price levels to monitor on the chart and assess the options situation. Read the full article on Seeking Alpha
공시 • Aug 01JD.com, Inc. to Report Q2, 2024 Results on Aug 15, 2024JD.com, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 15, 2024
Seeking Alpha • Jul 18JD.com: Great Bang For The BuckSummary Solid revenue growth and robust FCF profitability support an investment in JD.com. JD.com announced a new $3.0B stock buyback authorization earlier this year, which will allow the e-Commerce company to buy back its deeply discounted shares. JD.com is also free cash flow-profitable, and the company's e-Commerce business is cheap compared to rivals. Read the full article on Seeking Alpha
공시 • Jul 15Ochama, JD.com's Omni-Channel Retailer, Recently Announces the Launch of Ochama 1H DeliveryOchama, JD.com's innovative omni-channel retailer, recently announced the launch of "ochama 1h delivery," underscoring the company's dedication to providing swift and reliable shopping experiences that meet the evolving needs of its customers. This new service provides free one-hour delivery for select products across most of Amsterdam, setting it apart as the only complimentary service of its kind in the Netherlands. The new "ochama 1h delivery" service encompasses a diverse range of product categories such as fresh and frozen foods, beverages, beers, personal care items, and more. Customers placing orders between 9 AM and 11 PM will receive their packages within one hour. For orders made after 11 PM, delivery will be scheduled before 10 AM the following day. A subsidiary of JD.com, China's largest retailer by revenue, ochama leverages advanced supply chain technologies and capabilities to offer efficient delivery. The cornerstone of the new 1h delivery service is the strategically located Forward Distribution Center (FDC) in Amsterdam. Optimally positioned to serve customers, the FDC supports storage, sorting, and immediate order fulfillment, effectively serving consumers within a 3 km radius. Specifically, orders are immediately relayed to the Amsterdam FDC upon placement. There, ochama's dedicated team swiftly picks and packs the items. The package is then delivered directly to the customer's doorstep by ochama's in-house delivery couriers, ensuring a seamless and efficient delivery process. To further accommodate the diverse pick-up preferences of consumers, ochama has recently deployed more than 1,000 pick-up lockers across the Netherlands and Belgium. This innovative, automated pickup option enhances the convenience of ochama's existing pick-up services. Ochama currently offers home delivery services in 24 countries and operates over 800 pickup points across the Netherlands, Germany, Belgium, and France. Additionally, ochama introduced same-day pick-up services in select regions in the Netherlands. During the recent "618 Grand Promotion," an annual sales event featuring significant discounts on a wide range of products, ochama reported a 245% year-on-year increase in electronics sales, highlighting the growing trust and preference among its customer base. Looking ahead, ochama remains dedicated to its mission of providing superior quality, affordability, and convenience, ensuring an enhanced shopping experience for all its customers.
Seeking Alpha • Jul 10JD.com: Big Buyback Could Ramp Up GrowthSummary A few months ago, I covered JD.com stock, calling it a value (borderline deep value) play with potential. Since my last article published, JD stock has beaten the market. Despite the significant gains (about 21%), I'm actually more bullish on the stock now than I was then. I sold my JD shares on their last leg up, which took their value past $30. They have since given up some of those gains; I'd be comfortable holding JD today. In this article, I explain why I'm upgrading JD to strong buy. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Jul 01Founder & Chairman notifies of intention to sell stockQiangdong Liu intends to sell 160k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of July. If the sale is conducted around the recent share price of US$29.24, it would amount to US$4.7m. Since December 2023, Qiangdong has owned 164.30m shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Seeking Alpha • Jun 26JD.com: A Cautious Buy On The Back Of Sentiment Recovery And The EconomySummary JD.com, Inc. is trading at a cheap valuation compared to American and European e-commerce retailers, but concerns about corporate governance and Chinese economic uncertainty are weighing down the stock. Earnings momentum, not valuation multiples, will likely drive the stock higher, especially as consumer confidence in China gradually recovers. Despite strong results in the first quarter of 2024, JD's stock has declined due to concerns about future growth prospects and increasing competition in the Chinese market. Read the full article on Seeking Alpha
Seeking Alpha • Jun 06JD.com: The Sell-Off Created An OpportunitySummary JD.com reported solid Q1 earnings and has a positive outlook for 2024 and 2025. The stock price fell after earnings due to profit-taking and correlation with broader Chinese markets. There is a buying opportunity in the $26.5-$28 range, with potential for new highs above $35.69 this year. Read the full article on Seeking Alpha
Reported Earnings • May 23First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: CN¥4.56 (up from CN¥3.99 in 1Q 2023). Revenue: CN¥260.0b (up 7.0% from 1Q 2023). Net income: CN¥7.13b (up 14% from 1Q 2023). Profit margin: 2.7% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.