JD.com

HK$113.30As of Sun 8 Nov 2026, 12:00 UTC

HKEX:9618Consumer Disc

Country Hong Kong

PE (Fwd) 12.77

TSR 6Y CAGR (8.85%)

Div yield 3.63%

ROE —

Internet Retail

Beta (5Y) 0.30

PE TTM 14.63

TSR TTM (7.98%)

Mkt cap HK$296.1B

ROIC —

SE Grade™

—

Value

Quality

Moat

—

1Y Price

Reference

$117

3.45%

(21.64%)

Price above Reference Value

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

1,309

Revenue¥B

—

951.6

1,046

1,085

1,159

1,309

1,377

8.30%

100

12.97

Revenue growth%

—

9.95

3.67

6.84

12.97

5.22

8.39

—

9.31

Gross margin%

—

7.36

8.03

8.77

9.79

9.31

9.33

8.77

0.28

Operating margin%

—

0.35

1.75

2.67

3.41

0.28

0.33

1.75

1.50

Net margin%

—

(0.37)

0.99

2.23

3.57

1.50

1.54

1.50

14.63

P/E ratio (avg)x

—

63.44

17.01

8.133

18.74

13.52

17.88

—

77.81

EV/EBITx

—

234.6

35.90

14.22

8.501

99.70

64.03

35.90

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

6.59

EPS¥

—

(1.15)

3.26

7.62

13.45

6.59

7.13

26.41%

—

(50.97)

EPS growth%

—

384.84

133.58

76.39

(50.97)

8.21

104.99

—

Bookvalue per sh¥

—

FCF per share¥

—

3.50

Dividend per sh¥

—

2.14

2.69

3.65

3.50

3.70

17.82%

—

3.63

Div yield (avg)%

—

1.03

2.08

3.34

2.83

3.83

2.45

—

54.22

Payout ratio%

—

66.61

35.39

27.18

54.22

51.82

44.81

—

2.978

Shares (diluted)B

—

3.107

3.181

3.171

3.076

2.978

◌2.978

(1.06%)

3.19

Buyback yield%

—

(2.36)

0.33

2.98

3.19

◌—

1.65

—

D/E ratiox

—

287.1

Enterprise value¥B

—

791.5

658.5

411.1

336.4

367.9

287.1

(17.43%)

—

LT debt¥M

—

Peers (US$39.13B)

Cap (US$)

Alibaba Group Holding…

272.1B

24.42x

Meituan

63.30B

—

SHEIN Global Holdings…

22.02B

19.71x

Atlassian Corporation

38.70B

448.3x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

1.316

8.710

Own earn%

—

Sh yield%

6.81

4.21

Owners

Insiders/Inst%

—

Short interest%

—

SBC / revenue%

0.36

Record

10Y

Profitable years

4/5

Revenue growth years

4/4

EPS growth years

3/4

Dividend streakyrs

Op margin range%

0–3

$1 testx

—

Incr. ROIC%

—

JD.com, Inc. operates as a supply chain-based technology and service provider in the People’s Republic of China and Europe. It operates through three segments: JD Retail, JD Logistics, and New Businesses.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

¥1.309T

8.30%

1.00×

Cost of revenue

¥1.187T

7.73%

0.98×

Operating expenses

¥118.2B

15.40%

1.29×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m