New Risk • Jul 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Tillkännagivande • Jun 06
JD.com, Inc., Annual General Meeting, Jun 29, 2026 JD.com, Inc., Annual General Meeting, Jun 29, 2026, at 15:00 China Standard Time. Location: building a, no. 18 kechuang 11 street, yizhuang, economic and technological development zone, daxing district, beijing China Tillkännagivande • Apr 28
JD.com, Inc. to Report Q1, 2026 Results on May 12, 2026 JD.com, Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026 Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥13.79 (vs CN¥27.67 in FY 2024) Full 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 is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Multiline Retail industry in Europe. 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 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 02
Upcoming dividend of US$0.98 per share Eligible 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: 3.4%. Lower than top quartile of Austrian dividend payers (4.3%). Higher than average of industry peers (1.3%). Declared Dividend • Mar 16
Dividend of US$0.98 announced Shareholders will receive a dividend of US$0.98. Ex-date: 9th April 2026 Payment date: 29th April 2026 Dividend yield will be 3.9%, 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. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: CN¥13.79 (vs CN¥27.67 in FY 2024) Full 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 is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Multiline Retail industry in Europe. 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 16% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 05
JD.com, Inc. Announces Dividend for the Year Ended December 31, 2025, Payable on April 23, 2026 JD.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. Tillkännagivande • Feb 20
JD.com, Inc. to Report Q4, 2025 Results on Mar 05, 2026 JD.com, Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 05, 2026 Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: CN¥3.72 (vs CN¥8.05 in 3Q 2024) Third 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 is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Multiline Retail industry in Europe. 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 21% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 30
JD.com, Inc. to Report Q3, 2025 Results on Nov 13, 2025 JD.com, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025 New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Share price has been volatile over the past 3 months (4.5% average weekly change). Tillkännagivande • Sep 16
Sainsbury’s Ends Talks to Sell Argos to China’s JD.com J 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”. Tillkännagivande • Sep 15
J Sainsbury in Talks to Sell Retail Arm to JD.Com J 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. Tillkännagivande • Aug 18
JD.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 14
Second quarter 2025 earnings released: EPS: CN¥4.34 (vs CN¥8.39 in 2Q 2024) Second 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 is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. 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 21% per year, which means it is significantly lagging earnings. Tillkännagivande • May 29
JD.com, Inc., Annual General Meeting, Jun 20, 2025 JD.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 Tillkännagivande • Apr 25
JD.com, Inc. to Report Q1, 2025 Results on May 13, 2025 JD.com, Inc. announced that they will report Q1, 2025 results Pre-Market on May 13, 2025 Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: CN¥27.67 (vs CN¥15.37 in FY 2023) Full 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 is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe. 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 14% per year, which means it is significantly lagging earnings. New Risk • Apr 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €32.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Multiline Retail industry in Europe. Total loss to shareholders of 34% over the past three years. Upcoming Dividend • Apr 02
Upcoming dividend of US$0.98 per share Eligible 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 Austrian dividend payers (5.6%). Higher than average of industry peers (1.3%). Declared Dividend • Mar 12
Dividend of US$0.98 announced Shareholders will receive a dividend of US$0.98. Ex-date: 8th April 2025 Payment date: 29th April 2025 Dividend yield will be 2.7%, 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. Tillkännagivande • Mar 06
JD.com, Inc. Announces Impairment of Goodwill and Long-Lived Assets for the Fourth Quarter Ended December 31, 2024 JD.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. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: CN¥27.66 (vs CN¥15.37 in FY 2023) Full 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 is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. 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. Tillkännagivande • Mar 06
Jd.Com, Inc. Approves an Annual Cash Dividend for the Year Ended December 31, 2024, Payable on or Around April 23, 2025 and on or Around April 29, 2025 JD.com, Inc. announced that its board of directors approved an annual cash dividend for the year ended December 31, 2024 of USD 0.5 per ordinary share, or USD 1.0 per ADS, to holders of ordinary shares and holders of ADSs as of the on April 8, 2025. The aggregate amount of the dividend is expected to be approximately USD 1.5 billion, as calculated on the current number of the Company's total issued and outstanding shares, which may be subject to minor adjustment by the record date. The payment date is expected to be on or around April 23, 2025 and on or around April 29, 2025 for holders of ordinary shares and holders of ADSs. Tillkännagivande • Feb 20
JD.com, Inc. to Report Q4, 2024 Results on Mar 06, 2025 JD.com, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 06, 2025 Tillkännagivande • Jan 28
JD.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 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €37.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Multiline Retail industry in Europe. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.05 per share. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: CN¥8.05 (vs CN¥5.04 in 3Q 2023) Third 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 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 Europe. 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 26% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 31
JD.com, Inc. to Report Q3, 2024 Results on Nov 14, 2024 JD.com, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024 New Risk • Sep 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.6% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €29.55, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Multiline Retail industry in Europe. Total loss to shareholders of 50% over the past three years. Tillkännagivande • Aug 28
JD.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. Tillkännagivande • Aug 21
Walmart Reportedly Seeks to Raise $3.74 Billion in Sale of JD.com Stake Walmart 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. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥8.39 (vs CN¥4.19 in 2Q 2023) Second 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 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 Europe. 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 22% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 01
JD.com, Inc. to Report Q2, 2024 Results on Aug 15, 2024 JD.com, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 15, 2024 Tillkännagivande • Jul 15
Ochama, JD.com's Omni-Channel Retailer, Recently Announces the Launch of Ochama 1H Delivery Ochama, 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. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: CN¥4.56 (vs CN¥3.99 in 1Q 2023) First 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 is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe. 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 19% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Apr 28
JD.com, Inc. to Report Q1, 2024 Results on May 16, 2024 JD.com, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 16, 2024 Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥15.37 (vs CN¥6.64 in FY 2022) Full year 2023 results: EPS: CN¥15.37 (up from CN¥6.64 in FY 2022). Revenue: CN¥1.08t (up 3.7% from FY 2022). Net income: CN¥24.2b (up 133% from FY 2022). Profit margin: 2.2% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 18
Dividend of US$0.74 announced Shareholders will receive a dividend of US$0.74. Ex-date: 4th April 2024 Payment date: 29th April 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (21% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €25.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Multiline Retail industry in Europe. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.58 per share. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: CN¥15.38 (vs CN¥6.64 in FY 2022) Full year 2023 results: EPS: CN¥15.38 (up from CN¥6.64 in FY 2022). Revenue: CN¥2.17t (up 107% from FY 2022). Net income: CN¥48.3b (up 366% from FY 2022). Profit margin: 2.2% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Multiline Retail industry in Europe are expected to grow by 8.6%. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 33% per year. Tillkännagivande • Mar 06
JD.com, Inc. Approves Annual Cash Dividend for the Year Ended December 31, 2023, Payable on or Around April 23, 2024 and on or Around April 29, 2024 JD.com, Inc. announced that its board of directors (the board) approved an annual cash dividend for the year ended December 31, 2023 of USD 0.38 per ordinary share, or USD 0.76 per ADS, to holders of ordinary shares and holders of ADSs, respectively, as of the close of business on April 5, 2024 Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The aggregate amount of the dividend will be approximately USD 1.2 billion. The payment date is expected to be on or around April 23, 2024 and on or around April 29, 2024 for holders of ordinary shares and holders of ADSs, respectively. Tillkännagivande • Feb 23
JD.com, Inc. to Report Q4, 2023 Results on Mar 06, 2024 JD.com, Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 06, 2024 Tillkännagivande • Nov 17
JD.com, Inc. Announces Management Changes JD.com, Inc. announced that Ms. Sandy Ran Xu, chief executive officer (“CEO”) of JD.com, will concurrently serve as CEO of JD Retail, the retail segment of JD.com, effective immediately. Mr. Lijun Xin, former CEO of JD Retail, will assume a different role at the Company. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: CN¥5.04 (vs CN¥3.81 in 3Q 2022) Third quarter 2023 results: EPS: CN¥5.04 (up from CN¥3.81 in 3Q 2022). Revenue: CN¥247.7b (up 1.7% from 3Q 2022). Net income: CN¥7.94b (up 33% from 3Q 2022). Profit margin: 3.2% (up from 2.4% in 3Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Tillkännagivande • Nov 02
JD.com, Inc. to Report Q3, 2023 Results on Nov 15, 2023 JD.com, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 15, 2023 Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: CN¥4.18 (vs CN¥2.80 in 2Q 2022) Second quarter 2023 results: EPS: CN¥4.18 (up from CN¥2.80 in 2Q 2022). Revenue: CN¥287.9b (up 7.6% from 2Q 2022). Net income: CN¥6.58b (up 50% from 2Q 2022). Profit margin: 2.3% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €34.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Multiline Retail industry in Europe. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €57.67 per share. Tillkännagivande • May 23
JD.com, Inc., Annual General Meeting, Jun 21, 2023 JD.com, Inc., Annual General Meeting, Jun 21, 2023, at 15:00 China Standard Time. Location: Building A, No. 18 Kechuang 11 Street Yizhuang Economic and Technological Development Zone, Daxing District Beijing China Agenda: To consider and approve the Company's Second Amended and Restated Memorandum of Association and Articles of Association be amended and restated by their deletion in their entirety and by the substitution in their place of the Third Amended and Restated Memorandum of Association and Articles of Association. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CN¥3.98 (vs CN¥1.92 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥3.98 (up from CN¥1.92 loss in 1Q 2022). Revenue: CN¥243.0b (up 1.4% from 1Q 2022). Net income: CN¥6.26b (up CN¥9.25b from 1Q 2022). Profit margin: 2.6% (up from net loss in 1Q 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 29
Upcoming dividend of US$0.60 per share at 1.5% yield Eligible shareholders must have bought the stock before 05 April 2023. Payment date: 04 May 2023. Trailing yield: 1.5%. Lower than top quartile of Austrian dividend payers (6.0%). Higher than average of industry peers (0.9%). Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: CN¥6.64 (vs CN¥2.29 loss in FY 2021) Full year 2022 results: EPS: CN¥6.64 (up from CN¥2.29 loss in FY 2021). Revenue: CN¥1.05t (up 9.9% from FY 2021). Net income: CN¥10.4b (up CN¥13.9b from FY 2021). Profit margin: 1.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: CN¥3.81 (vs CN¥1.81 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥3.81 (up from CN¥1.81 loss in 3Q 2021). Revenue: CN¥243.5b (up 11% from 3Q 2021). Net income: CN¥5.96b (up CN¥8.77b from 3Q 2021). Profit margin: 2.4% (up from net loss in 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS: CN¥2.80 (vs CN¥0.51 in 2Q 2021) Second quarter 2022 results: EPS: CN¥2.80 (up from CN¥0.51 in 2Q 2021). Revenue: CN¥267.6b (up 5.4% from 2Q 2021). Net income: CN¥4.38b (up 451% from 2Q 2021). Profit margin: 1.6% (up from 0.3% in 2Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Online Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 23
Second quarter 2022 earnings released: EPS: CN¥2.81 (vs CN¥0.51 in 2Q 2021) Second quarter 2022 results: EPS: CN¥2.81 (up from CN¥0.51 in 2Q 2021). Revenue: CN¥267.6b (up 5.4% from 2Q 2021). Net income: CN¥4.38b (up 451% from 2Q 2021). Profit margin: 1.6% (up from 0.3% in 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 27% growth forecast for the Online Retail industry in Austria. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Reported Earnings • May 01
Full year 2021 earnings released: CN¥2.29 loss per share (vs CN¥32.70 profit in FY 2020) Full year 2021 results: CN¥2.29 loss per share (down from CN¥32.70 profit in FY 2020). Revenue: CN¥951.6b (up 28% from FY 2020). Net loss: CN¥3.56b (down 107% from profit in FY 2020). Over the next year, revenue is forecast to grow 19%, compared to a 38% growth forecast for the retail industry in Austria. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CN¥2.29 loss per share (down from CN¥32.70 profit in FY 2020). Revenue: CN¥951.6b (up 28% from FY 2020). Net loss: CN¥3.56b (down 107% from profit in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 20%, compared to a 40% growth forecast for the retail industry in Austria. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €53.40, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 14x in the Online Retail industry in Europe. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 18% share price gain to €67.40, the stock trades at a forward P/E ratio of 67x. Average forward P/E is 19x in the Online Retail industry in Europe. Total returns to shareholders of 241% over the past three years. Reported Earnings • Nov 19
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥218.7b (up 26% from 3Q 2020). Net loss: CN¥2.81b (down 137% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥218.7b (up 26% from 3Q 2020). Net loss: CN¥2.81b (down 137% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 20% share price gain to €64.50, the stock trades at a forward P/E ratio of 74x. Average forward P/E is 26x in the Online Retail industry in Europe. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €109 per share. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.51 (vs CN¥11.11 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥253.8b (up 26% from 2Q 2020). Net income: CN¥794.3m (down 95% from 2Q 2020). Profit margin: 0.3% (down from 8.2% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Independent Director Caroline Scheufele was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥53.10, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 27x in the Online Retail industry in Europe. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €88.54 per share. Reported Earnings • May 21
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥203.2b (up 39% from 1Q 2020). Net income: CN¥3.62b (up 237% from 1Q 2020). Profit margin: 1.8% (up from 0.7% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. 
