JD.com
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 61 days ago. More info.
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JD Share Price and Events
7 Day Returns
1 Year Returns
JD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| JD.com (JD) | 1.7% | 16.8% | 1.1% | -49.5% | -14.7% | - |
| US Online Retail | 0% | 0.6% | -7.3% | -0.6% | 117.3% | 172.8% |
| US Market | 0.9% | -0.3% | -8.1% | -8% | 37.1% | 32.9% |
1 Year Return vs Industry and Market
- JD underperformed the Online Retail industry which returned -0.6% over the past year.
- JD underperformed the Market in United States of America which returned -8% over the past year.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for JD.com.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 38 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 16.2% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Online Retail Unlevered Beta | Simply Wall St/ S&P Global | 1.74 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.742 (1 + (1- 25%) (8.97%)) |
1.859 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.86 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.859 * 7.27%) |
16.25% |
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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (CNY, Millions) | 13,024.79 | 16,078.56 | 17,347.30 | 26,539.83 | 34,305.67 |
| Source | Analyst x7 | Analyst x7 | Analyst x4 | Analyst x3 | Analyst x3 |
|
Present Value Discounted (@ 16.25%) |
11,204.44 | 11,898.32 | 11,043.07 | 14,533.67 | 16,160.77 |
| Present value of next 5 years cash flows | CN¥64,840.26 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= CN¥34,305.67 × (1 + 2.73%) ÷ (16.25% – 2.73%) |
CN¥260,730.24 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= CN¥260,730.24 ÷ (1 + 16.25%)5 |
CN¥122,825.24 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= CN¥64,840.26 + CN¥122,825.24 |
CN¥187,665.50 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥187,665.50 / 1,446.78 |
CN¥129.71 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/USD
(Reporting currency to currency of NasdaqGS:JD) |
0.148 |
| Value per Share (USD) |
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥129.71 x 0.148 |
$19.14 |
| Value per share (USD) | From above. | $19.14 |
| Current discount | Discount to share price of
$23.26
= -1 x ($23.26 - $19.14) / $19.14 |
-21.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of JD.com is above its future cash flow value.
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?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in CNY | CN¥0.98 |
| NasdaqGS:JD Share Price ** | NasdaqGS (2019-01-18) in USD | $23.26 |
| NasdaqGS:JD Share Price converted to CNY reporting currency | Exchange rate (USD/ CNY) 6.778 | CN¥157.64 |
| United States of America Online Retail Industry PE Ratio | Median Figure of 25 Publicly-Listed Online Retail Companies | 33.72x |
| United States of America Market PE Ratio | Median Figure of 3,018 Publicly-Listed Companies | 16.76x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of JD.com.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:JD Share Price ÷ EPS (both in CNY) = 157.64 ÷ 0.98 |
160.94x |
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?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 160.94x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 38 Analysts |
38.7%per year |
| United States of America Online Retail Industry PEG Ratio | Median Figure of 22 Publicly-Listed Online Retail Companies | 1.46x |
| United States of America Market PEG Ratio | Median Figure of 2,101 Publicly-Listed Companies | 1.22x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 160.94x ÷ 38.7% |
4.16x |
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?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in CNY | CN¥44.20 |
| NasdaqGS:JD Share Price * | NasdaqGS (2019-01-18) in USD | $23.26 |
| NasdaqGS:JD Share Price converted to CNY reporting currency | Exchange rate (USD/ CNY) 6.778 | CN¥157.64 |
| United States of America Online Retail Industry PB Ratio | Median Figure of 59 Publicly-Listed Online Retail Companies | 3.11x |
| United States of America Market PB Ratio | Median Figure of 5,086 Publicly-Listed Companies | 1.72x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:JD Share Price ÷ Book Value per Share (both in CNY) = 157.64 ÷ 44.20 |
3.57x |
* 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.
Value checks
We assess JD.com's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check) 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 38 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!
Earnings growth vs Low Risk Savings
- 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
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:JD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 38 Analysts | 38.7% |
| NasdaqGS:JD Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 38 Analysts | 14.5% |
| United States of America Online Retail Industry Earnings Growth Rate | Market Cap Weighted Average | 29.9% |
| United States of America Online Retail Industry Revenue Growth Rate | Market Cap Weighted Average | 18.4% |
| 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 | 7.2% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 38 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 981,052 | 54,881 | 33,708 | 1 |
| 2022-12-31 | 875,594 | 45,769 | 24,477 | 1 |
| 2021-12-31 | 755,545 | 30,910 | 10,048 | 4 |
| 2020-12-31 | 644,250 | 23,506 | 4,896 | 31 |
| 2019-12-31 | 548,574 | 20,357 | 937 | 38 |
| 2018-12-31 | 459,390 | 17,471 | 156 | 36 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 437,353 | 16,204 | 1,404 |
| 2018-06-30 | 416,331 | 14,344 | -582 |
| 2018-03-31 | 387,241 | 16,577 | 1,343 |
| 2017-12-31 | 362,332 | 24,821 | 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 | 8,767 | -2,000 |
| 2016-09-30 | 233,475 | 11,703 | -8,096 |
| 2016-06-30 | 217,924 | -413 | -9,319 |
| 2016-03-31 | 198,605 | 2,260 | -9,308 |
| 2015-12-31 | 181,042 | 1,696 | -7,732 |
*GAAP earnings excluding extraordinary items.
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 38 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.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 1.60 | 1.60 | 1.60 | 1.00 |
| 2020-12-31 | 2.78 | 4.15 | 1.27 | 12.00 |
| 2019-12-31 | 0.54 | 3.89 | -2.07 | 21.00 |
| 2018-12-31 | 0.00 | 0.84 | -2.03 | 20.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 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 |
| 2016-03-31 | -6.80 |
| 2015-12-31 | -5.65 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess JD.com's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
JD.com has a total score of 4/6, 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
Past Earnings growth analysis
- JD.com has delivered over 20% year on year earnings growth in the past 5 years.
- JD.com has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- JD.com has become profitable in the last year making it difficult to compare the US Online Retail industry average.
Earnings and Revenue History
All data from JD.com Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 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%).
- It is difficult to establish if JD.com has efficiently used its assets last year compared to the US Online Retail industry average (Return on Assets) as it is loss-making.
- 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.
Past performance checks
We assess JD.com's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
JD.com has a total score of 1/6, 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.
- 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
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 5.6x 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.
All data from JD.com Company Filings, last reported 3 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 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 (24.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0.1% vs 24.3% today).
- Debt is well covered by operating cash flow (83.2%, greater than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
Financial health checks
We assess JD.com's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) JD.com has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
JD.com
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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 38 Analyst Estimates (S&P Global) | See Below |
| Global Online Retail Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1986 Stocks | 2.7% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 0.00 | 1.00 |
| 2021-12-31 | 0.00 | 1.00 |
| 2020-12-31 | 0.00 | 6.00 |
| 2019-12-31 | 0.00 | 7.00 |
| 2018-12-31 | 0.00 | 8.00 |
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.
Income/ dividend checks
We assess JD.com's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| AGE | 45 |
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 is a Non-Executive Director of Farfetch UK Limited since June 22, 2017. 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:
- The average tenure for the JD.com management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Richard Liu
Founder
45
Sidney Huang
Chief Financial Officer
53
5.3 yrs
Chen Zhang
Chief Technology Officer
54
3.2 yrs
Ruiyu Li
Senior Director of Investor Relations
Rain Long
Chief Human Resources Officer & General Counsel
42
6.4 yrs
Ye Lan
Chief Public Affairs Officer
48
3.4 yrs
Lei Xu
Chief Marketing Officer & CEO of JD Mall
Zhenhui Wang
Head of Fulfillment Operations
Jianwen Liao
Chief Strategy Officer
Shengqiang Chen
Chief Executive Officer of JD Finance
42
5.3 yrs
Board of Directors Tenure
Average tenure and age of the JD.com board of directors in years:
- The tenure for the JD.com board of directors is about average.
Board of Directors
Richard Liu
Founder
45
Ming Huang
Independent Director
54
4.8 yrs
Louis Hsieh
Independent Director
54
4.7 yrs
Dingbo Xu
Director
55
0.7 yrs
Martin Lau
Director
45
4.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess JD.com's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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
External News
Simply Wall St News
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 - – Full articleWhat 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 - – Full articleShould 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 - – Full articleWhy 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 - – Full articleWhy 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 - – Full articleJDcom Inc (NASDAQ:JD): Time For A Financial Health Check
the key to extending previous success is in the health of the company’s financials. … This article will examine JD.com’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleEstimating The Fair Value Of JDcom Inc. (NASDAQ:JD)
Today, I will calculate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. … 5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF (CN¥, Millions) CN¥11,827.93 CN¥18,382.77 CN¥21,437.25 CN¥36,356.33 CN¥36,593.81 Source Analyst x4 Analyst x8 Analyst x8 Analyst x3 Analyst x4 Present Value Discounted @ 13.08% CN¥10,459.38 CN¥14,374.92 CN¥14,823.85 CN¥22,231.52 CN¥19,787.65 Present Value of 5-year Cash Flow (PVCF)= CN¥81,677 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = CN¥36,594 × (1 + 2.9%) ÷ (13.1% – 2.9%) = CN¥371,737 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = CN¥371,737 / ( 1 + 13.1%)5 = CN¥201,012 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is $282,689.
Simply Wall St - – Full articleShould You Buy JDcom Inc. (NASDAQ:JD) Now?
This means that the opportunity to buy JD.com at a good price has disappeared! … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … JD’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.
Simply Wall St - – Full articleIs March The Month To Buy JDcom Inc. (NASDAQ:JD)?
JD.com is poised for extremely high earnings growth in the near future. … JD is trading at a very high price-to-earnings (PE) ratio of 3466.32x, meaning JD.com is overvalued based on current earnings compared to the online retail industry average of 45.43x , and overvalued compared to the US market average ratio of 18.68x. … So, when we include the growth factor in our analysis, JD.com appears highly overvalued , based on fundamental analysis.
Simply Wall St - – Full articleWhat Do Expectations Tell Us About JDcom Inc.'s (NASDAQ:JD) Margins In The Next Few Years?
To help investors get a top level understanding, I will try to evaluate JD.com's margin behaviour to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … Margin Calculation for JD Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 116.82 Million ÷ 362.33 Billion = 0.032% JD.com's margin has contracted in the past five years, with a 35.42% average growth in revenue outstripping a 6.63% average growth in net income, which suggests that a smaller percentage of revenue falls to the bottom line despite the fact revenue has increased over the previous 5 years. … Using JD.com's margin expectations as a way to understand projections for the future Margins are expected to shift towards expansion, with 17.79% in expected annual revenue growth and a forecasted 38.53% in annual net income growth.
Simply Wall St - – Full articleJD Company Info
Map
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 Mall 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; mother and childcare products, toys, and 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 consumer electronic 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; logistics services for various industries; consumer financing services to individual customers; and supply chain financing services to suppliers and merchants. Additionally, the company offers online-to-offline solutions for customers and offline retailers, 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, 2017, JD.com, Inc. operated 7 fulfillment centers and 486 warehouses in 78 cities covering various counties and districts. The company has strategic cooperation agreement with Tencent Holdings Limited and Vipshop Holdings Ltd. JD.com, Inc. is headquartered in Beijing, China.
Details
| Name: | JD.com, Inc. |
| JD | |
| Exchange: | NasdaqGS |
| Founded: | |
| $32,031,775,620 | |
| 1,446,783,000 | |
| 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 EACH REPR 2 SHS A | Nasdaq Global Select | US | USD | 22. May 2014 | |
| DB | 013A | ADS EACH REPR 2 SHS A | Deutsche Boerse AG | DE | EUR | 22. May 2014 | |
| WBAG | JD | ADS EACH REPR 2 SHS A | Wiener Boerse AG | AT | EUR | 22. May 2014 | |
| BMV | JD N | ADS EACH REPR 2 SHS A | Bolsa Mexicana de Valores | MX | MXN | 22. May 2014 |
Number of employees
Current staff
Industry
| Internet and Direct Marketing Retail | |
| Retail |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/01/19 00:40 |
| End of day share price update: | 2019/01/18 00:00 |
| Last estimates confirmation: | 2019/01/16 |
| Last earnings filing: | 2018/11/19 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
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.
