JD.com, Inc. (JD)

NASDAQ: JD · USD

$25.4

-0.13 (-0.5%)· Recorded snapshot

Английский по умолчаниюRU

Показываем английский источник, пока идёт перевод

Этот отчёт ещё не переведён. Обновите страницу через несколько минут, когда очередь переводов его обработает.

StockMarketAgent Research · Analyzed 2026-05-20

Our latest published analysis: JD rated Strong Buy

JD.com, Inc.'s published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$44.1 / share

Potential value

$56.4 / share

Upside to FV

+36.1%

from $25.4

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$43.7B
Revenue (ttm)	193.4B
Net income (ttm)	2.2B
EPS (ttm)	$1.45
Shares out	1.3B
P/E (trailing)	17.5x
P/E (forward)	7.5x
Dividend	$1.00 (3.93%)
Volume	4,928,119
Beta	0.32

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 193.4B
Net income (ttm): 2.2B
EPS (ttm): $1.45
P/E (trailing): 17.5x
P/E (forward): 7.5x
Market cap: $43.7B

Item	P1	P2	P3	P4	Trend
Period	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$1,046.24B	$1,084.66B	$1,158.82B	$1,309.09B	+7.8%
Gross profit	$147.07B	$159.70B	$183.87B	$210.03B	+12.6%
Operating income	$15.97B	$34.53B	$54.43B	$28.13B	+20.8%
Net income	$10.38B	$24.17B	$41.36B	$19.63B	+23.7%
EPS (diluted)	$6.42	$15.22	$26.86	$12.90	+26.2%
EBITDA	$23.21B	$42.82B	$63.34B	$37.87B	+17.7%
R&D	$16.89B	$16.39B	$17.03B	$22.23B	+9.6%
SG&A	$48.83B	$49.84B	$56.84B	$95.93B	+25.2%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Продавать
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Продавать
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Активно покупать
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	Продавать
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	Покупать
AZO	AutoZone Inc.	50.8B	20.7x	2.5x	26.3%	+6.8%	-17.3%	Держать

Base and Bull scenarios

Bull20%

Price target

$56.43

+74.3% from spot

Macroeconomic stimulus in China revives consumer spending, while JD's supply chain scale and 3P marketplace expansion yield significant operating leverage, driving earnings growth above 20%.

Macro stimulus revives consumer spending
Earnings growth exceeds 20%
3P marketplace yields operating leverage

Base60%

Price target

$44.07

+36.1% from spot

JD.com operates as a mature quality compounder with defensible logistics. Intense price competition and sluggish demand restrict near-term growth, warranting a heavily discounted terminal multiple of 12x.

Revenue growth fades from 5.95% to 3%
Operating margin normalizes at 3.5%
Terminal multiple at 12x

Sensitivity: Ke × terminal growth

The highlighted base cell is anchored to valuation synthesis sensitivity reference ($44.08). It is the reference value for this grid, not a separate standalone fair-value claim.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
6.1%	$54.7	$62.2	$72.2	$77.1	$77.1
7.1%	$44.1	$48.8	$54.7	$62.2	$72.2
8.1%	$36.9	$40.2	$44.1	$48.8	$54.7
9.1%	$31.7	$34.1	$36.9	$40.2	$44.1
10.1%	$27.8	$29.7	$31.7	$34.1	$36.9

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E7.5

P25 n/aP50 n/aP75 n/a

Trailing P/E23.8

P25 n/aP50 n/aP75 n/a

ROE6.8

P25 n/aP50 n/aP75 n/a

ROIC1.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All JD indicators

Market & fundamental data

Available fields

276

Groups with data

Currency

CNY

Showing 276 of 276 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001549802
Company name	JD.com, Inc.
Country	China
Country code	US
CUSIP number	47215P106
Earnings date	2026-11-12
Earnings time	bmo
Employees	900,000
Employees change	0
Employees growth	0%
Enterprise value	$11.4B
Exchange	NASDAQ
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2006
Industry	Internet Retail
IPO date	2014-05-22
Is primary listing	No
Is SPAC	No
ISIN number	US47215P1066
Last 10-K release date	2026-04-16
Last earnings date	2026-08-13
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$34.2B
Market cap category	Large-Cap
Next earnings date	2026-11-12
Options	Yes
Price	$25.44
Price currency	USD
Sector	Consumer Discretionary
SIC code	5990
Stock price date	2026-10-28
Symbol	JD
Website	https://www.jd.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	22.24x
Average P/E ratio (10Y)	50.69x
Average P/E ratio (3Y)	12.45x
Average P/E ratio (5Y)	31.38x
Earnings yield	5.7%
EV/Earnings	5.23x
EV/EBIT	35.31x
EV/EBITDA	6.55x
EV/FCF	2.66x
EV/Sales	0.06x
FCF / EV yield	37.55%
FCF yield	12.51%
Forward EV/Sales	0.05x
Forward P/E	7.04x
Forward P/S	0.16x
Graham number	33.58142
Graham upside	32.11%
Industry forward P/E	22.55x
Industry P/E	20.58x
Lynch fair value	$8.10
Lynch upside	-68.13%
P/(FCF - SBC) ratio	9.58x
P/(OCF - SBC) ratio	4.91x
P/B ratio	1.07x
P/E ratio	17.53x
P/FCF ratio	7.99x
P/OCF ratio	4.46x
P/S ratio	0.18x
PEG ratio	0.25x
Price / tangible book value	1.58x
Price/EBITDA ratio	19.67x
Sector forward P/E	24.39x
Sector P/E	30.5x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	0.17%
EBITDA margin	0.9%
Effective tax rate	14.59%
FCF margin	2.17%
Gross margin	9.42%
Operating margin	0.17%
Pretax margin	1.75%
Profit margin	1.13%
Profit per employee	$2,420
Profitable quarters	2
Profitable years	4
Revenue per employee	$214,842
ROA	0.19%
ROA (5Y)	1.91%
ROCE	0.59%
ROE	6.79%
ROE (5Y)	6.45%
ROIC	1.06%
ROIC (5Y)	10.32%
SBC / revenue	0.36%
Tax / revenue	0.26%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-61.44%
EPS growth (Q)	21.26%
EPS growth (QoQ)	41.81%
EPS growth 3Y	-10.25%
EPS growth 5Y	-15.46%
EPS growth quarters	1
EPS growth years	0
FCF growth	249.38%
FCF growth (Q)	50.62%
FCF growth 3Y	-6.55%
FCF growth 5Y	1.32%
Gross profit growth	-0.51%
Gross profit growth (Q)	1.05%
Gross profit growth 3Y	10.42%
Gross profit growth 5Y	14.1%
Net income growth	-61.73%
Net income growth (Q)	15.39%
Net income growth (QoQ)	39.73%
Net income growth 3Y	-12.17%
Net income growth 5Y	-16.43%
Net income growth quarters	1
Net income growth years	0
OCF growth	105.96%
OCF growth (Q)	54.53%
OCF growth (QoQ)	6,696.04%
OCF growth 3Y	-0.91%
OCF growth 5Y	5.64%
Operating income growth	-92.89%
Operating income growth 3Y	-55.82%
Operating income growth 5Y	-16.25%
Revenue growth	3.82%
Revenue growth (Q)	-2.88%
Revenue growth (QoQ)	9.73%
Revenue growth 10Y	19.68%
Revenue growth 3Y	7.08%
Revenue growth 5Y	8.95%
Revenue growth years	14

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-3.4B
Depreciation and amortization	$1.4B
EBIT	$322.4M
EBITDA	$1.7B
EPS	$1.45
FCF per share	$3.18
Financing cash flow	$-4.8B
Free cash flow	$4.3B
Free cash flow minus SBC	$3.6B
Gross profit	$18.2B
Income taxes	$494.6M
Investing cash flow	$-5.9B
Net borrowing	$1.5B
Net cash flow	$-3.5B
Net income	$2.2B
Operating cash flow minus SBC	$7B
Operating income	$322.4M
Revenue	$193.4B
Stock-based compensation	$695.7M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$24.00
Debt / EBITDA	4.11
Debt / equity	0.37
Debt / FCF	3.63
Goodwill	$3.9B
Interest coverage	0.74
Long-term assets	$46.1B
Long-term liabilities	$12B
Net cash (debt)	$22.8B
Net cash / market cap	66.68%
Net cash growth	-11.29%
Net debt / EBITDA	-13.12
Net debt / equity	-0.55
Net debt / FCF	-5.33
Piotroski F-Score	5
Property, plant and equipment	$20.2B
Shareholders' equity	$41.6B
Tangible book value	$21.6B
Tangible book value per share	$16.09
Total assets	$106.8B
Total cash	$32.6B
Total debt	$15.5B
Total liabilities	$65.2B
WACC	4.88%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.83
Current assets	$60.7B
Current liabilities	$53.2B
Current ratio	1.14
Inventory turnover	10.91
Net working capital	$-21.3B
Quick ratio	0.71
Working capital	$7.3B
Working capital turnover	3.19

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	4.09%
Dividend growth	0%
Dividend growth (3Y)	17.27%
Dividend growth years	2
Dividend payment date	2026-04-29
Dividend payment years	5
Dividend payout frequency	Annual
Dividend per share	$1.00
Dividend yield	3.93%
Ex-dividend date	2026-04-09
FCF payout ratio	31.48%
Last dividend	$1.00
Payout ratio	68.92%
Shareholder yield	8.04%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-1.7%
10Y return CAGR	1.13%
10Y total return	11.86%
150-day SMA	$28.84
1D price change	-0.51%
1M price change	-4.04%
1M total return	-4.04%
1W price change	-1.36%
1W total return	-1.36%
1Y price change	-25.61%
1Y return CAGR	-23.03%
1Y total return	-23.02%
20-day SMA	$26.36
200-day SMA	$28.63
3M price change	-17.8%
3M total return	-17.8%
3Y price change	-0.82%
3Y return CAGR	2.77%
3Y total return	8.55%
50-day SMA	$27.16
50-day SMA vs 200-day SMA	50under200
52-week high	$35.06
52-week high date	2025-10-29
52-week low	$24.51
52-week low date	2026-03-05
5Y price change	-68.54%
5Y return CAGR	-18.57%
5Y total return	-64.2%
6M price change	-14.49%
6M total return	-14.49%
All-time high	$108.29
All-time high date	2021-02-17
All-time low	$19.21
All-time low date	2018-11-23
Average true range (ATR)	$0.53
Average volume	8.2M
Beta (1Y)	0.55
Beta (2Y)	0.74
Beta (5Y)	0.32
Change from 52-week high	-27.44%
Change from 52-week low	3.8%
Change from all-time high	-76.51%
Change from all-time low	32.43%
Change from open	-0.66%
Day's gap	0.16%
Dollar volume	$125.4M
High price	$25.61
Low price	$25.27
Monthly RSI	42.04
Open price	$25.61
Position in 52-week range	50%
Premarket change	0.35%
Premarket close	$25.57
Premarket price	$25.66
Premarket volume	124.1K
Previous close	$25.57
Price vs 150-day SMA	-11.79%
Price vs 20-day SMA	-3.5%
Price vs 200-day SMA	-11.14%
Price vs 50-day SMA	-6.34%
Relative volume	0.6
RSI	36.19
Sharpe ratio	-0.88
Sharpe ratio (3Y)	0.21
Sharpe ratio (5Y)	-0.23
Sortino ratio	-1.11
Sortino ratio (3Y)	0.49
Sortino ratio (5Y)	-0.24
Volume	4.9M
Weekly RSI	39.47
YTD price change	-11.36%
YTD total return	-8.27%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.2B
Float percentage	87.29%
Shares change (QoQ)	-1.71%
Shares change (YoY)	-4.09%
Shares held by insiders	12.34%
Shares held by institutions	40.62%
Shares outstanding	1.3B
Short % of shares	1.53%
Short ratio	3.4 days

Deeper analysis on JD

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this JD report

What is the latest published JD stock rating?

JD.com, Inc. is shown with Strong Buy in the latest published report, analyzed 2026-05-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full JD analysis?

The full latest published report, analyzed 2026-05-20, lives at /stocks/JD/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for JD?

The latest published report analyzed 2026-05-20 gives JD a fair value of USD 44 and a potential value of USD 56. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the JD page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyJD · Fair value $44.1+36.1%

Read full analysis →

JD.com, Inc. (JD)

Our latest published analysis: JD rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · JD

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All JD indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on JD

Frequently asked questions

История рейтингов

Category	Score	Reading
Valuation	8.5
Management	5.4
Balance Sheet	6.0
Profitability	5.0
Revenue Growth	4.5
Risk Assessment	7.5
Competitive Moat	6.5
Earnings Quality	4.5
Capital Efficiency	4.5