Dingdong (Cayman) Ltd. (DDL)
NYSE:DDL
Top Page
Dingdong
(NYSE:DDL)
Select Model
Select Model
Rating:67Neutral
Price Target:
$3.50
▲(15.51% Upside)
Action:ReiteratedDate:01/06/26
The score is led by strong technical momentum (price above major moving averages with positive MACD) and a favorable earnings-call read highlighting record results and sustained profitability. This is tempered by mixed financial quality—high leverage, thin net margins, and declining free cash flow growth—while valuation appears reasonable but lacks dividend support.
Positive Factors
Consistent Profitability
Sustained multi-quarter profitability demonstrates durable operational control and the ability to generate positive earnings through cycles. This track record supports reinvestment, creditor confidence, and competitive resilience in instant retail, reducing execution risk over a 2–6 month horizon.
Negative Factors
Elevated leverage
Significant leverage raises refinancing and interest-rate sensitivity, constraining financial flexibility if growth slows. High debt amplifies downside risk from cyclical revenue or margin pressure, limiting the firm's ability to invest opportunistically or weather macro shocks over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Profitability
Sustained multi-quarter profitability demonstrates durable operational control and the ability to generate positive earnings through cycles. This track record supports reinvestment, creditor confidence, and competitive resilience in instant retail, reducing execution risk over a 2–6 month horizon.
Read all positive factors
Dingdong (DDL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$580.94M
Dividend YieldN/A
Average Volume (3M)3.17M
Price to Earnings (P/E)17.5
Beta (1Y)1.30
Revenue Growth8.34%
EPS Growth40.20%
CountryUS
Employees3,120
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)0.01
Shares Outstanding180,407,230
10 Day Avg. Volume1,014,721
30 Day Avg. Volume3,172,332
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)6.49
Price to Sales (P/S)0.22
P/FCF Ratio6.23
Enterprise Value/Market Cap9.34
Enterprise Value/Revenue0.23
Enterprise Value/Gross Profit0.77
Enterprise Value/Ebitda14.29
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.87
Revenue Forecast (FY)$27.34B
Dingdong Business Overview & Revenue Model
Company Description
Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh produce, meat, seafood, prepared food, and other food products, such as dairy and bakery products, snacks, oil, seasonings, and beverages. It operates as a...
How the Company Makes Money
Dingdong generates revenue primarily through its online grocery sales, where customers place orders on its platform for home delivery. The company earns a margin on the products sold, which includes fresh produce, packaged goods, and household ite...
Dingdong Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Positive
The earnings call reflects a strong financial performance with record-breaking revenue and consistent profitability. Despite challenges like declining gross profit margins and increased market competition, the company's strategic initiatives such as the 'One Big, One Small, One World' strategy and growth in the good product system show promise for continued success. The overall sentiment is positive due to the outweighing highlights.Positive Updates
Record-Breaking Revenue and GMV
Dingdong reported a GMV of RMB 7.27 billion and a revenue of RMB 6.66 billion, both achieving slight year-over-year growth and marking the highest ever quarterly GMV and revenue.
Negative Updates
Decline in Gross Profit Margin
Gross profit margin was 28.9%, down 0.9 percentage points year-over-year. The decline has narrowed on a quarter-over-quarter basis, but remains a concern.
Read all updates
Q3-2025 Updates
Positive
Negative
Record-Breaking Revenue and GMV
Dingdong reported a GMV of RMB 7.27 billion and a revenue of RMB 6.66 billion, both achieving slight year-over-year growth and marking the highest ever quarterly GMV and revenue.
Read all positive updates
Company Guidance
During the Dingdong Limited Third Quarter 2025 Earnings Call, the company provided guidance highlighting its strong financial performance and strategic initiatives. Dingdong has achieved profitability under non-GAAP standards for 12 consecutive quarters and under GAAP standards for 7 consecutive quarters. In Q3 2025, the company reported its highest ever quarterly GMV of RMB 7.27 billion and revenue of RMB 6.66 billion, with year-over-year increases in both metrics. The non-GAAP net profit was RMB 0.1 billion with a profit margin of 1.5%, while the GAAP net profit was RMB 0.08 billion with a margin of 1.2%. The company emphasized its "One Big, One Small, One World" strategy, focusing on developing top-selling products, expanding into smaller cities, and exploring international markets. The strategy aims to leverage its strong supply chain and product development capabilities to sustain growth and compete effectively in the highly competitive instant retail market. Despite the competitive pressures, Dingdong remains confident in maintaining its scale and profitability, bolstered by a robust cash position of RMB 3.94 billion by the end of Q3.Dingdong Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
50
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.90B | 23.07B | 19.97B | 24.22B | 20.12B | 11.34B |
| Gross Profit | 7.09B | 6.95B | 6.12B | 7.49B | 4.04B | 2.23B |
| EBITDA | 379.75M | 482.31M | 182.10M | -462.22M | -6.12B | -3.02B |
| Net Income | 330.55M | 295.08M | -99.88M | -814.37M | -6.43B | -3.18B |
Balance Sheet | ||||||
| Total Assets | 6.76B | 7.12B | 7.70B | 9.38B | 9.42B | 4.92B |
| Cash, Cash Equivalents and Short-Term Investments | 3.97B | 4.45B | 5.31B | 6.49B | 5.23B | 2.38B |
| Total Debt | 2.54B | 3.03B | 4.52B | 5.61B | 5.39B | 2.85B |
| Total Liabilities | 5.69B | 6.19B | 7.20B | 8.96B | 8.66B | 5.67B |
| Stockholders Equity | 942.76M | 798.61M | 382.53M | 310.18M | 728.07M | -744.67M |
Cash Flow | ||||||
| Free Cash Flow | 676.97M | 830.85M | -317.93M | -19.75M | -6.12B | -2.30B |
| Operating Cash Flow | 775.15M | 929.03M | -234.61M | 107.14M | -5.67B | -2.06B |
| Investing Cash Flow | -115.68M | 475.50M | 519.33M | -66.90M | -4.07B | -1.02B |
| Financing Cash Flow | -794.09M | -1.72B | -934.42M | 1.11B | 9.04B | 3.66B |
Dingdong Technical Analysis
Positive
3.03
Price Trends
2.75
Negative
2.54
Positive
2.31
Positive
Market Momentum
-0.03
Negative
52.93
Neutral
72.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DDL, the sentiment is Positive. The current price of 3.03 is above the 20-day moving average (MA) of 2.58, above the 50-day MA of 2.75, and above the 200-day MA of 2.31, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 52.93 is Neutral, neither overbought nor oversold. The STOCH value of 72.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DDL.
Dingdong Risk Analysis
Dingdong disclosed 79 risk factors in its most recent earnings report. Dingdong reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Implementation of the Law of the PRC on Safeguarding National Security in Hong Kong involves uncertainty, and the recent policy pronouncements by the PRC government regarding business activities of U.S.-listed PRC businesses may negatively impact our business. Q4, 2023
Dingdong Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $582.25M | 7.26 | 11.37% | 2.63% | 3.88% | 7.71% | |
67 Neutral | $580.94M | 17.51 | 23.09% | ― | 8.34% | 40.20% | |
66 Neutral | $607.61M | 12.71 | 23.11% | 1.99% | 7.19% | 35.90% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | $1.75B | 11.86 | 5.93% | 0.93% | -5.42% | -20.80% | |
58 Neutral | $1.80B | 17.84 | 6.83% | 2.06% | 3.11% | 6.54% | |
46 Neutral | $696.89M | -4.43 | -19.78% | ― | 7.22% | -108.99% |
* Consumer Defensive Sector Average
DDL
Dingdong
2.68
0.55
25.82%
IMKTA
Ingles Markets
94.13
30.72
48.44%
VLGEA
Village Super Market
43.76
8.69
24.79%
WMK
Weis Markets
72.58
-7.39
-9.25%
NGVC
Natural Grocers
26.38
-19.44
-42.42%
GO
Grocery Outlet Holding
7.10
-7.11
-50.04%
Dingdong Corporate Events
Dingdong Reports Continued Growth and Profitability in Q3 2025
Nov 13, 2025
Dingdong (Cayman) Limited announced its financial results for the third quarter of 2025, showing a continued trend of growth and profitability. The company reported a 1.9% year-over-year increase in revenue, reaching RMB6,662.4 million, and mainta...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.