JD (JD) AI Stock Analysis

• Market Cap: $43.65B
• Dividend Yield: 3.26%
• Average Volume (3M): 12.01M
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.94
• Revenue Growth: 16.17%
• EPS Growth: -4.37%
• Country: US
• Employees: 570,895
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.53
• Shares Outstanding: 1,490,500,000
• 10 Day Avg. Volume: 10,900,339
• 30 Day Avg. Volume: 12,012,149
• PEG Ratio: 0.12
• Price to Book (P/B): 1.63
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 8.80
• Enterprise Value/Market Cap: 1.11
• Enterprise Value/Revenue: 0.04
• Enterprise Value/Gross Profit: 0.29
• Enterprise Value/Ebitda: 1.10
• 1Y Price Target: $40.61
• Price Target Upside: 35.86% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 2.69
• Revenue Forecast (FY): $187.01B

• Rating: 70 Outperform
• Price Target: $32.00 ▲(7.06% Upside)

JD's overall stock score reflects strong financial performance and attractive valuation, supported by robust earnings call insights. However, technical analysis indicates bearish momentum, which tempers the overall score.

Positive Factors

Revenue Growth

Consistent double-digit revenue growth across multiple segments indicates strong market demand and effective business strategies, supporting long-term expansion.

User Base Expansion

Significant growth in the user base enhances JD's market position and potential for increased sales, ensuring sustained engagement and revenue opportunities.

AI and New Business Initiatives

Advancements in AI and new business ventures diversify JD's offerings, driving innovation and competitive advantage in the evolving retail landscape.

Negative Factors

Profit Margin Pressures

Ongoing investments and rising operational costs are compressing profit margins, which may limit profitability and require strategic cost management.

Challenges in Electronics and Home Appliances

Slower growth in key categories like electronics suggests market saturation or competitive pressures, potentially impacting overall revenue growth.

Cash Conversion Efficiency

A decline in cash conversion efficiency could affect liquidity and operational flexibility, necessitating improvements in cash management practices.

JD Business Overview & Revenue Model

Company Description

JD.com, also known as Jingdong, is a leading Chinese e-commerce platform that operates primarily in the online retail sector. Founded in 1998, JD offers a wide range of products, including electronics, apparel, home appliances, and groceries, through its direct sales model and third-party marketplace. The company is known for its commitment to quality and customer service, utilizing a robust logistics network that enables efficient delivery across China.

How the Company Makes Money

JD.com generates revenue through several key streams. The primary source of income comes from direct sales of products, where the company purchases goods from suppliers and sells them to consumers. Additionally, JD operates a marketplace model, allowing third-party sellers to list and sell their products on its platform, from which it earns commissions on sales. The company also generates revenue through logistics services, offering fulfillment solutions to other businesses. Strategic partnerships with various brands and companies, including technology firms and financial services, further enhance its revenue potential by expanding its service offerings and market reach.

JD Financial Statement Overview

Summary

JD demonstrates solid financial performance with consistent revenue growth and a stable balance sheet. However, profitability margins have faced some pressure, and operational costs have increased, impacting net profit margins.

Income Statement

JD's income statement shows a consistent revenue growth trend, with a TTM revenue growth rate of 3.06%. The gross profit margin has improved to 14.43% in TTM, indicating better cost management. However, the net profit margin has slightly decreased to 3.06% from 3.57% in the previous year, suggesting some pressure on profitability. The EBIT and EBITDA margins have also seen a decline, reflecting increased operational costs.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.44 in TTM. The return on equity has slightly decreased to 16.63%, indicating a slight decline in profitability relative to shareholders' equity. The equity ratio remains strong at 32.51%, suggesting a solid capital structure.

Cash Flow

JD's cash flow statement shows a positive free cash flow growth rate of 11.60% in TTM, indicating improved cash generation. However, the operating cash flow to net income ratio has decreased to 0.77, suggesting a potential decline in cash conversion efficiency. The free cash flow to net income ratio remains healthy at 32.86%.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.30T	1.16T	1.08T	1.05T	951.59B	745.80B
Gross Profit	165.96B	113.44B	159.70B	147.07B	129.07B	109.11B
EBITDA	43.93B	47.36B	42.82B	23.21B	4.87B	58.01B
Net Income	32.20B	41.36B	24.17B	10.38B	-3.56B	49.41B
Balance Sheet
Total Assets	713.53B	698.23B	628.96B	595.25B	496.51B	422.29B
Cash, Cash Equivalents and Short-Term Investments	198.27B	234.00B	190.15B	219.96B	185.33B	146.66B
Total Debt	112.09B	89.77B	68.43B	65.05B	34.14B	31.55B
Total Liabilities	409.11B	384.94B	332.58B	321.13B	249.72B	200.67B
Stockholders Equity	231.93B	239.35B	231.86B	213.37B	208.91B	187.54B
Cash Flow
Free Cash Flow	9.10B	44.28B	39.51B	35.84B	23.74B	34.87B
Operating Cash Flow	23.00B	58.09B	59.52B	57.82B	42.30B	42.54B
Investing Cash Flow	11.82B	-871.00M	-59.54B	-54.03B	-74.25B	-57.81B
Financing Cash Flow	-14.51B	-21.00B	-5.81B	1.18B	19.50B	71.07B

JD Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 29.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JD, the sentiment is Negative. The current price of 29.89 is below the 20-day moving average (MA) of 30.22, below the 50-day MA of 32.49, and below the 200-day MA of 34.36, indicating a bearish trend. The MACD of -0.86 indicates Negative momentum. The RSI at 43.32 is Neutral, neither overbought nor oversold. The STOCH value of 88.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JD.

JD Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BABA	73 Outperform	$379.58B	21.90	12.39%	1.23%	5.14%	50.76%
MELI	71 Outperform	$107.27B	51.65	40.65%	―	38.01%	44.52%
JD	70 Outperform	$43.65B	10.11	13.68%	3.26%	16.17%	-4.37%
PDD	70 Outperform	$164.65B	12.35	30.03%	―	11.25%	-7.28%
SE	69 Neutral	$80.09B	57.86	―	―	35.85%	1336.48%
CPNG	66 Neutral	$48.68B	126.12	8.73%	―	16.63%	-62.54%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

JD Corporate Events

JD.com Reports Strong Revenue Growth Amid Investment Challenges

JD.com, Inc., a major player in the supply chain-based technology and service sector, focuses on retail, logistics, and new business ventures, offering a comprehensive range of products and services primarily in China. In the third quarter of 2025, JD.com reported a 14.9% increase in net revenues, reaching RMB299.1 billion, driven by strong performance across its business lines, despite a decline in net income attributable to shareholders. The company’s retail segment saw an 11.4% revenue increase, while logistics and new business segments also contributed significantly to the growth. However, increased investments in new business initiatives impacted the overall profitability, with a reported loss from operations. JD.com continues to expand its market presence with strategic initiatives in retail and logistics, including the launch of new stores and partnerships, as well as the introduction of new product lines and services. Looking forward, JD.com’s management remains optimistic about solidifying its market position and unlocking growth potential across its diverse business ecosystem.

JD.com Earnings Call: Robust Growth Amid Challenges

JD.com Inc’s recent earnings call painted a picture of robust growth tempered by strategic challenges. The sentiment was largely positive, with strong revenue growth across multiple segments, particularly in general merchandise and user engagement. However, the company faces hurdles in the electronics and home appliances sector, with some pressure on profit margins due to ongoing investments.

JD.com Earnings Call: Balancing Growth and Investments

JD.com Inc’s recent earnings call painted a picture of robust growth tempered by strategic investments. The company reported strong revenue growth and improvements in core retail profitability, driven by increased user engagement and efficient supply chain capabilities. However, significant investments in new business initiatives, such as food delivery, have impacted short-term profitability and cash flow. While the long-term outlook remains positive, these investments present current financial challenges.

JD.com Reports Strong Revenue Growth Amidst Strategic Investments

JD.com Inc., a prominent supply chain-based technology and service provider, has released its financial results for the second quarter of 2025, showcasing its significant role in China’s e-commerce and logistics sectors. The company reported a 22.4% increase in net revenues, reaching RMB356.7 billion, driven by robust growth in its core JD Retail business and new ventures like JD Food Delivery. However, net income attributable to shareholders decreased to RMB6.2 billion from RMB12.6 billion in the previous year, reflecting increased investments in new business initiatives. JD Retail’s operating margin improved to 4.5%, while JD Logistics expanded its global presence with new warehouses in multiple countries. Despite the decline in net income, JD.com remains optimistic about its core retail business and plans to continue investing in new growth areas, aligning with its long-term strategic roadmap.