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JD.com

Nasdaq:JD
Snowflake Description

Moderate growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JD
Nasdaq
$46B
Market Cap
  1. Home
  2. US
  3. Retail
Company description

JD.com, Inc., through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People’s Republic of China. The last earnings update was 75 days ago. More info.


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JD Share Price and Events
7 Day Returns
3.7%
NasdaqGS:JD
0.9%
US Online Retail
0.6%
US Market
1 Year Returns
-13.7%
NasdaqGS:JD
-0%
US Online Retail
3.2%
US Market
JD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JD.com (JD) 3.7% 10.2% 9% -13.7% 42.4% 9.6%
US Online Retail 0.9% 4.4% 1.5% -0% 121.7% 229.3%
US Market 0.6% 2.1% 2% 3.2% 37.2% 43.6%
1 Year Return vs Industry and Market
  • JD underperformed the Online Retail industry which returned -0% over the past year.
  • JD underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
JD
Industry
5yr Volatility vs Market

JD Value

 Is JD.com undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JD.com to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JD.com.

NasdaqGS:JD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 37 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:JD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.445 (1 + (1- 25%) (5.81%))
1.341
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.341 * 5.96%)
10.72%

Discounted Cash Flow Calculation for NasdaqGS:JD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JD.com is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:JD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.72%)
2020 16,307.13 Analyst x8 14,728.28
2021 22,305.06 Analyst x10 18,195.03
2022 18,380.72 Analyst x3 13,542.11
2023 30,061.00 Analyst x1 20,003.31
2024 33,919.67 Est @ 12.84% 20,385.66
2025 37,245.25 Est @ 9.8% 20,217.09
2026 40,106.43 Est @ 7.68% 19,662.39
2027 42,591.58 Est @ 6.2% 18,859.09
2028 44,787.81 Est @ 5.16% 17,911.48
2029 46,771.26 Est @ 4.43% 16,893.72
Present value of next 10 years cash flows CN¥180,398.16
NasdaqGS:JD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥46,771.26 × (1 + 2.73%) ÷ (10.72% – 2.73%)
CN¥601,366.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥601,366.48 ÷ (1 + 10.72%)10
CN¥217,212.81
NasdaqGS:JD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥180,398.16 + CN¥217,212.81
CN¥397,610.96
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥397,610.96 / 1,458.19
CN¥272.67
NasdaqGS:JD Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NasdaqGS:JD)
0.145
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥272.67 x 0.145
$39.64
Value per share (USD) From above. $39.64
Current discount Discount to share price of $31.85
= -1 x ($31.85 - $39.64) / $39.64
19.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price JD.com is available for.
Intrinsic value
20%
Share price is $31.85 vs Future cash flow value of $39.64
Current Discount Checks
For JD.com to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JD.com's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • JD.com's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JD.com's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JD.com's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:JD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥2.29
NasdaqGS:JD Share Price ** NasdaqGS (2019-07-23) in USD $31.85
NasdaqGS:JD Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.879 CN¥219.1
United States of America Online Retail Industry PE Ratio Median Figure of 29 Publicly-Listed Online Retail Companies 35.04x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JD.com.

NasdaqGS:JD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:JD Share Price ÷ EPS (both in CNY)

= 219.1 ÷ 2.29

95.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JD.com is overvalued based on earnings compared to the US Online Retail industry average.
  • JD.com is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does JD.com's expected growth come at a high price?
Raw Data
NasdaqGS:JD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 95.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 37 Analysts
15.5%per year
United States of America Online Retail Industry PEG Ratio Median Figure of 23 Publicly-Listed Online Retail Companies 2.23x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

NasdaqGS:JD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 95.79x ÷ 15.5%

6.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JD.com is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on JD.com's assets?
Raw Data
NasdaqGS:JD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥46.03
NasdaqGS:JD Share Price * NasdaqGS (2019-07-23) in USD $31.85
NasdaqGS:JD Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.879 CN¥219.1
United States of America Online Retail Industry PB Ratio Median Figure of 65 Publicly-Listed Online Retail Companies 2.89x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.79x
NasdaqGS:JD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:JD Share Price ÷ Book Value per Share (both in CNY)

= 219.1 ÷ 46.03

4.76x

* Primary Listing of JD.com.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JD.com is overvalued based on assets compared to the US Online Retail industry average.
X
Value checks
We assess JD.com's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. JD.com has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JD Future Performance

 How is JD.com expected to perform in the next 1 to 3 years based on estimates from 37 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JD.com expected to grow at an attractive rate?
  • JD.com's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • JD.com's earnings growth is expected to exceed the United States of America market average.
  • JD.com's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:JD Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:JD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 37 Analysts 15.5%
NasdaqGS:JD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 37 Analysts 13.9%
United States of America Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 26.2%
United States of America Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 16.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:JD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 37 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:JD Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 949,743 52,792 2
2022-12-31 903,331 47,046 20,083 3
2021-12-31 743,717 32,004 9,302 25
2020-12-31 649,315 26,909 5,488 36
2019-12-31 555,153 29,524 7,427 37
NasdaqGS:JD Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 482,973 27,978 3,303
2018-12-31 462,020 20,881 -2,492
2018-09-30 437,353 16,204 1,404
2018-06-30 416,331 14,344 -582
2018-03-31 387,241 18,612 1,343
2017-12-31 362,332 26,857 117
2017-09-30 331,578 20,487 -235
2017-06-30 310,343 24,790 -2,693
2017-03-31 279,538 10,266 -792
2016-12-31 258,290 8,240 -2,000
2016-09-30 233,475 11,703 -8,096
2016-06-30 217,924 -413 -9,319

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JD.com's earnings are expected to grow by 15.5% yearly, however this is not considered high growth (20% yearly).
  • JD.com's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:JD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 37 Analyst Estimates (S&P Global) See Below

All data from JD.com Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:JD Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.24 8.69 2.06 15.00
2020-12-31 3.34 5.86 0.51 21.00
2019-12-31 4.57 6.91 2.20 20.00
NasdaqGS:JD Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 2.29
2018-12-31 -1.73
2018-09-30 0.98
2018-06-30 -0.41
2018-03-31 0.94
2017-12-31 0.08
2017-09-30 -0.17
2017-06-30 -1.89
2017-03-31 -0.56
2016-12-31 -1.43
2016-09-30 -5.82
2016-06-30 -6.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • JD.com is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess JD.com's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JD.com has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JD Past Performance

  How has JD.com performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JD.com's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JD.com has delivered over 20% year on year earnings growth in the past 5 years.
  • JD.com's 1-year earnings growth exceeds its 5-year average (145.9% vs 51.8%)
  • JD.com's earnings growth has exceeded the US Online Retail industry average in the past year (145.9% vs 1.3%).
Earnings and Revenue History
JD.com's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JD.com Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:JD Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 482,972.92 3,302.56 28,081.44 13,447.89
2018-12-31 462,019.76 -2,491.63 27,387.41 12,144.38
2018-09-30 437,352.54 1,403.86 24,942.35 10,703.20
2018-06-30 416,330.52 -582.47 23,764.46 9,010.51
2018-03-31 387,241.47 1,342.99 22,335.84 7,776.35
2017-12-31 362,331.75 116.82 21,491.90 6,652.37
2017-09-30 331,577.55 -235.33 19,521.20 5,772.24
2017-06-30 310,342.86 -2,692.64 19,650.51 6,033.83
2017-03-31 279,538.47 -791.88 16,100.83 4,630.45
2016-12-31 258,289.95 -2,000.44 15,383.56 4,452.71
2016-09-30 233,474.83 -8,095.57 13,996.26 4,352.02
2016-06-30 217,924.11 -9,319.49 14,036.89 4,415.02
2016-03-31 198,604.51 -9,307.52 12,956.23 3,860.74
2015-12-31 181,042.30 -7,731.76 10,562.61 2,902.03
2015-09-30 161,399.88 -3,699.78 9,596.57 2,992.71
2015-06-30 146,301.31 -1,839.31 8,498.55 2,619.93
2015-03-31 128,985.48 -8,375.19 7,423.96 2,255.30
2014-12-31 115,002.32 -12,954.00 9,985.34 1,835.92
2014-09-30 100,405.17 -11,390.44 8,212.37 1,492.78
2014-06-30 89,431.50 -12,855.35 7,760.17 1,231.46
2014-03-31 78,272.23 -7,787.29 6,827.05 1,029.66
2013-12-31 69,339.81 -2,485.27 2,772.51 963.65
2013-09-30 61,790.50 -3,163.19 2,579.45 908.17
2012-12-31 41,380.52 -3,316.93 2,016.86 636.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JD.com has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • JD.com used its assets less efficiently than the US Online Retail industry average last year based on Return on Assets.
  • It is difficult to establish if JD.com improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess JD.com's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JD.com has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JD Health

 How is JD.com's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JD.com's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JD.com's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • JD.com's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JD.com's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JD.com Company Filings, last reported 3 months ago.

NasdaqGS:JD Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 83,711.88 11,561.11 38,275.08
2018-12-31 76,828.14 14,419.52 36,298.02
2018-09-30 80,124.31 19,470.10 39,169.81
2018-06-30 73,392.78 21,675.72 47,986.42
2018-03-31 68,944.44 20,741.27 47,148.11
2017-12-31 52,388.70 23,807.48 34,276.18
2017-09-30 51,825.53 27,905.07 37,669.45
2017-06-30 50,654.43 29,713.95 40,594.77
2017-03-31 43,070.15 33,701.45 44,870.12
2016-12-31 41,219.78 20,258.79 22,115.04
2016-09-30 42,315.60 23,945.90 37,164.69
2016-06-30 46,108.28 23,286.95 39,731.75
2016-03-31 36,603.05 11,465.50 31,107.15
2015-12-31 30,720.87 6,373.75 20,644.35
2015-09-30 36,761.80 3,488.47 21,571.35
2015-06-30 36,712.28 1,330.97 23,808.89
2015-03-31 37,036.16 0.00 26,359.92
2014-12-31 37,498.07 1,890.77 29,243.24
2014-09-30 37,856.48 2,842.46 31,746.68
2014-06-30 37,835.66 2,842.59 31,483.11
2014-03-31 9,239.83 932.83 12,735.95
2013-12-31 9,239.83 932.83 12,735.95
2013-09-30 9,297.85 0.00 12,337.11
2012-12-31 6,402.56 867.40 8,272.26
  • JD.com's level of debt (13.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10% vs 13.8% today).
  • Debt is well covered by operating cash flow (242%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on JD.com's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess JD.com's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JD.com has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JD Dividends

 What is JD.com's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from JD.com dividends. Estimated to be 0% next year.
If you bought $2,000 of JD.com shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate JD.com's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate JD.com's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:JD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 37 Analyst Estimates (S&P Global) See Below
Global Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:JD Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.00 1.00
2022-12-31 0.00 1.00
2021-12-31 0.00 8.00
2020-12-31 0.00 9.00
2019-12-31 0.00 9.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as JD.com has not reported any payouts.
  • Unable to verify if JD.com's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of JD.com's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as JD.com has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of JD.com's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess JD.com's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JD.com afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JD.com has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JD Management

 What is the CEO of JD.com's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Liu
AGE 46
CEO Bio

Mr. Qiangdong Liu, also known as Richard, founded JD.com, Inc. in 2004 and since then has been its Chairman and Chief Executive Officer. He has been a Non-Executive Director of Farfetch UK Limited since June 22, 2017.He was Non-Executive Director of Farfetch Limited since June 22, 2017 until February 27, 2019. In June 1998, Mr. Liu started his own business in Beijing, which was mainly engaged in the distribution of magneto-optical products. In January 2004, Mr. Liu launched his first online retail website. In December 2011, Mr. Liu received the prestigious award “2011 China Economic Person of the Year” from CCTV, China’s largest nationwide television network. Mr. Liu has received numerous other awards for his achievements in the e-commerce industry in China, such as “2011 Chinese Business Leader” and Fortune China’s “2012 Chinese Businessman.” Mr. Liu received a bachelor’s degree in sociology from Renmin University of China in Beijing and an EMBA degree from the China Europe International Business School.

CEO Compensation
  • Insufficient data for Richard to compare compensation growth.
  • Insufficient data for Richard to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the JD.com management team in years:

3.8
Average Tenure
48.5
Average Age
  • The tenure for the JD.com management team is about average.
Management Team

Richard Liu

TITLE
Founder
AGE
46

Sidney Huang

TITLE
Chief Financial Officer
AGE
54
TENURE
5.8 yrs

Ruiyu Li

TITLE
Senior Director of Investor Relations

Yayun Li

TITLE
Chief Compliance Officer

Lei Xu

TITLE
Chief Marketing Officer & CEO of JD Mall
AGE
44

Chen Zhang

TITLE
Senior Advisor
AGE
55
TENURE
0.1 yrs

Zhenhui Wang

TITLE
Chief Executive Officer of JD Logistics
AGE
44

Jon Liao

TITLE
Chief Strategy Officer
AGE
51

Shengqiang Chen

TITLE
Chief Executive Officer of JD Finance
AGE
43
TENURE
5.8 yrs

Samuel Shen

TITLE
President of Cloud Unit (M)
AGE
54
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the JD.com board of directors in years:

5.3
Average Tenure
55
Average Age
  • The tenure for the JD.com board of directors is about average.
Board of Directors

Richard Liu

TITLE
Founder
AGE
46

Ming Huang

TITLE
Independent Director
AGE
55
TENURE
5.3 yrs

Louis Hsieh

TITLE
Independent Director
AGE
55
TENURE
5.2 yrs

Dingbo Xu

TITLE
Independent Director
AGE
56
TENURE
1.2 yrs

Martin Lau

TITLE
Director
AGE
46
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess JD.com's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JD.com has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JD News

Simply Wall St News

Why JD.com, Inc. (NASDAQ:JD) Could Be Worth Watching

It’s trading around 17% below my intrinsic value, which means if you buy JD.com today, you’d be paying a fair price for it. … JD’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. … Will you have enough confidence to invest in the company should the price drop below its fair value?

Simply Wall St -

Is There An Opportunity With JD.com, Inc.'s (NASDAQ:JD) 22% Undervaluation?

Today, we will estimate the stock's intrinsic value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model? … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St -

Do Insiders Own Shares In JD.com, Inc. (NASDAQ:JD)?

The big shareholder groups in JD.com, Inc. … JD.com is a pretty big company. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Volatility 101: Should JD.com Shares Have Dropped 44%?

After all, the share price is down 44% in the last year, significantly under-performing the market. … That's because it's hard for shareholders to have confidence a company will grow profits significantly if it isn't growing revenue. … But if revenue keeps growing, then at a certain point the share price would likely follow

Simply Wall St -

At US$24.85, Is JD.com, Inc. (NASDAQ:JD) Worth Looking At Closely?

Participate in a short research study and receive a 6-month subscription to the award winning Simply Wall St research tool (valued at $60)! … received a lot of attention from a substantial price increase on the NASDAQGS over the last few months … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price.

Simply Wall St -

Is JD.com, Inc. (NASDAQ:JD) A Financially Strong Company?

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider JD.com, Inc. … With a market valuation of US$32b, JD is a safe haven in times of market uncertainty due to its strong balance sheet. … In times of low liquidity in the market, these firms won’t be left high and dry.

Simply Wall St -

What Kind Of Shareholder Appears On The JD.com, Inc.'s (NASDAQ:JD) Shareholder Register?

(NASDAQ:JD) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Should JDcom Inc (NASDAQ:JD) Focus On Improving This Fundamental Metric?

This article is for those who would like to learn about Return On Equity (ROE). … Our data shows JD.com has a return on equity of 1.4% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why JDcom Inc (NASDAQ:JD) Could Be Worth Watching

received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $36.92 at one point, and dropping to the lows of $21.76. … A question to answer is whether JD.com's current trading price of $21.98 reflective of the actual value of the? … Let’s take a look at JD.com’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why JDcom Inc (NASDAQ:JD) Is A Financially Healthy Company

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider JDcom Inc (NASDAQ:JD). … With a market valuation of US$46.51b, JD is a safe haven in times of market uncertainty due to its strong balance sheet. … These companies are resilient in times of low liquidity and are relatively unimpacted by interest rate hikes.

Simply Wall St -

JD Company Info

Description

JD.com, Inc., through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People’s Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women’s shoes, bags, jewelry, and luxury goods; men’s shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce. It also provides gifts, flowers, and plants; nutritional supplements; books, e-books, music, movie, and other media products; and virtual goods, such as online travel agency, attraction tickets, and prepaid phone and game cards, as well as industrial products. In addition, the company offers an online marketplace for third-party sellers to sell products to customers; and transaction processing and billing, value-added fulfillment, and other services. Further, it provides online marketing services for suppliers, merchants, and other partners; supply chain and logistics services for various industries; and consumer financing services to individual customers. Additionally, the company offers online-to-offline solutions, as well as online and in-person payment options and customer services. JD.com, Inc. offers its products through its Website jd.com and mobile apps, as well as directly to customers. As of December 31, 2018, JD.com, Inc. operated fulfillment centers in 7 cities; and 550 warehouses in 81cities covering various counties and districts. The company has strategic cooperation agreement with Tencent Holdings Limited. JD.com, Inc. is headquartered in Beijing, China.

Details
Name: JD.com, Inc.
JD
Exchange: NasdaqGS
Founded:
$46,443,299,202
1,458,188,358
Website: http://www.jd.com
Address: JD.com, Inc.
Building A,
20th Floor,
Beijing,
101111,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS JD ADS EA REPR 2 COM 'A' SHS Nasdaq Global Select US USD 22. May 2014
DB 013A ADS EA REPR 2 COM 'A' SHS Deutsche Boerse AG DE EUR 22. May 2014
WBAG JD ADS EA REPR 2 COM 'A' SHS Wiener Boerse AG AT EUR 22. May 2014
BMV JD N ADS EA REPR 2 COM 'A' SHS Bolsa Mexicana de Valores MX MXN 22. May 2014
Number of employees
Current staff
Staff numbers
179,000
JD.com employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 03:12
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.