PDD Stock Overview

A multinational commerce group, owns and operates a portfolio of businesses. More details

PDD fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 65.6% below our estimate of its fair value

Earnings are forecast to grow 11.99% per year

Earnings have grown 70.5% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Community vs My Fair Value

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PDD Holdings Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for PDD Holdings
Historical stock prices
Current Share Price	US$5,510.00
52 Week High	US$5,550.00
52 Week Low	US$5,410.00
Beta	0.56
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-0.54%

Recent updates

Shareholder Returns

	PDD	AR Multiline Retail	AR Market
7D	n/a	-0.9%	4.1%
1Y	n/a	1.6%	38.7%

Return vs Industry: Insufficient data to determine how PDD performed against the AR Multiline Retail industry.

Return vs Market: Insufficient data to determine how PDD performed against the AR Market.

Price Volatility

Is PDD's price volatile compared to industry and market?
PDD volatility
PDD Average Weekly Movement	n/a
Multiline Retail Industry Average Movement	4.1%
Market Average Movement	8.6%
10% most volatile stocks in AR Market	10.6%
10% least volatile stocks in AR Market	6.1%

Stable Share Price: PDD's share price has been volatile over the past 3 months compared to the AR market.

Volatility Over Time: Insufficient data to determine PDD's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2015	23,465	Lei Chen	www.pddholdings.com

PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness, and auto accessories; and Temu, an online platform, which enables merchants to streamline their manufacturing and operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023.

PDD Holdings Inc. Fundamentals Summary

How do PDD Holdings's earnings and revenue compare to its market cap?
PDD fundamental statistics
Market cap	AR$192.20t
Earnings (TTM)	AR$17.80t
Revenue (TTM)	AR$62.35t

10.7x

P/E Ratio

3.1x

P/S Ratio

Is PDD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PDD income statement (TTM)
Revenue	CN¥393.84b
Cost of Revenue	CN¥153.90b
Gross Profit	CN¥239.94b
Other Expenses	CN¥127.50b
Earnings	CN¥112.43b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 27, 2025

Earnings per share (EPS)	79.20
Gross Margin	60.92%
Net Profit Margin	28.55%
Debt/Equity Ratio	1.7%

How did PDD perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/20 05:53
End of Day Share Price	2025/05/20 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PDD Holdings Inc. is covered by 77 analysts. 41 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Richard Kramer	Arete Research Services LLP
Zixiao Yang	Arete Research Services LLP
Ishan Majumdar	Baptista Research

PDD Holdings BASE:PDD Stock Report