JD (JD) AI Stock Analysis

• Market Cap: $60.08B
• Dividend Yield: 2.84%
• Average Volume (3M): 16.07M
• Price to Earnings (P/E): 10.2
• Beta (1Y): 1.15
• Revenue Growth: 5.20%
• EPS Growth: 77.60%
• Country: US
• Employees: 570,895
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Specialty Retail
• EPS (TTM): 1.01
• Shares Outstanding: 1,449,500,000
• 10 Day Avg. Volume: 19,111,577
• 30 Day Avg. Volume: 16,066,109
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.44
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $50.77
• Price Target Upside: 47.29% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 13

JD's overall stock score reflects strong financial performance with significant revenue growth and improved profitability, which is a key strength. Technical indicators suggest bearish momentum, which could be a risk factor, while valuation metrics indicate potential undervaluation. Positive earnings call highlights, including revenue growth and strategic investments, bolster the outlook.

Positive Factors

Executive Hiring

The hiring of an experienced executive from Meituan is viewed as a strategic move to strengthen JD's position in the on-demand retail market.

Strategic Expansion

JD's expansion into food delivery is seen as a natural fit due to its strong supply chain and logistics, offering opportunities for cross-selling and new user acquisition.

Trade-in Program

JD has been one of the largest E-Commerce beneficiaries from the trade-in programme, which supports its short-term revenue and earnings growth.

Negative Factors

Earnings Impact

Increasing investment in food delivery could lead to a full year earnings guide down at its 1Q25 results.

Market Worries

The share prices of JD and Meituan have traded down significantly, reflecting market worries about the new initiatives.

Profitability Concerns

Investors have concerns about the profitability impact due to JD's aggressive expansion into food delivery.

JD Business Overview & Revenue Model

Company Description

JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry. It also provides online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. In addition, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; offers asset management services and integrated service platform; leasing of storage facilities and related management services; and engages in online retail business. Further, it provides integrated data, technology, business, and user management industry solutions to support the digitization of enterprises and institutions; and technology-driven supply chain solutions and logistics services. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

JD.com makes money primarily through its online retail operations, where it sells a diverse array of products directly to consumers. The company generates revenue from the sale of goods on its platform, leveraging its extensive logistics network to offer delivery services. Additionally, JD operates a marketplace model, where third-party sellers can list their products on the site, from which JD earns commission fees. The company also provides advertising services to these third-party sellers and earns revenue through its logistics and technology services offered to businesses. Key partnerships with international brands and technology firms further strengthen its market position and revenue streams.

JD Financial Statement Overview

Summary

JD has shown significant revenue growth and improved profitability, with a strong balance sheet characterized by low debt and strong equity. However, incomplete cash flow data for 2024 creates some uncertainty in cash flow analysis.

Income Statement

JD has shown impressive revenue growth, increasing from 576.9 billion in 2019 to 1.16 trillion in 2024. The gross profit margin has been stable, around 9.8% in 2024 compared to 14.8% in 2023, indicating effective cost management. Net profit margin improved significantly to 3.6% in 2024 from a loss in 2021, showing a strong recovery and profitability. EBIT and EBITDA margins are also healthy, demonstrating operational efficiency.

Balance Sheet

The debt-to-equity ratio is relatively low at 0.37, indicating manageable leverage. The equity ratio is strong at 34.3%, showing a solid equity base. Return on equity has improved significantly to 17.3% in 2024, reflecting effective use of equity to generate profits. Overall, JD's balance sheet is stable with a good balance between liabilities and equity.

Cash Flow

Free cash flow has been positive, though growth has been inconsistent, with significant fluctuations. The operating cash flow to net income ratio is unavailable in 2024 due to missing data, but prior years showed strong cash generation relative to net income. While the cash flow statements indicate strong cash positions, the lack of reported cash flow metrics in 2024 prevents a complete assessment.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.16T	1.08T	1.05T	951.59B	745.80B
	Gross Profit
113.44B	159.70B	147.07B	129.07B	109.11B
	EBIT
38.74B	26.02B	19.72B	3.37B	44.23B
	EBITDA
47.36B	42.82B	23.21B	4.14B	58.01B
	Net Income Common Stockholders
41.36B	24.17B	10.38B	-3.56B	49.41B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
234.00B	190.15B	219.96B	185.33B	146.66B
	Total Assets
698.23B	628.96B	595.25B	496.51B	422.29B
	Total Debt
89.77B	68.43B	65.05B	34.14B	31.55B
	Net Debt
-18.58B	-3.46B	-13.82B	-36.63B	-54.53B
	Total Liabilities
384.94B	332.58B	321.13B	249.72B	200.67B
	Stockholders Equity
239.35B	231.86B	213.37B	208.91B	187.54B
Cash Flow		Free Cash Flow
0.00	39.51B	35.84B	23.74B	34.87B
	Operating Cash Flow
0.00	59.52B	57.82B	42.30B	42.54B
	Investing Cash Flow
0.00	-59.54B	-54.03B	-74.25B	-57.81B
	Financing Cash Flow
0.00	-5.81B	1.18B	19.50B	71.07B

JD Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 34.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JD, the sentiment is Neutral. The current price of 34.47 is above the 20-day moving average (MA) of 34.47, below the 50-day MA of 38.99, and below the 200-day MA of 35.80, indicating a neutral trend. The MACD of -1.75 indicates Negative momentum. The RSI at 44.07 is Neutral, neither overbought nor oversold. The STOCH value of 47.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JD.

JD Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BABA	81 Outperform	$300.69B	17.68	11.97%	0.78%	4.28%	28.42%
MELI	78 Outperform	$101.24B	52.98	51.50%	―	43.56%	91.72%
SE	76 Outperform	$83.52B	190.00	5.93%	―	28.46%	185.04%
JD	72 Outperform	$60.08B	10.22	17.55%	2.84%	5.20%	77.60%
PDD	70 Outperform	$154.42B	10.51	45.06%	―	57.51%	82.28%
CPNG	63 Neutral	$43.75B	290.71	3.76%	―	24.14%	-88.77%
Sector *	61 Neutral	$6.65B	11.71	3.09%	3.98%	2.65%	-20.82%