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Earnings transcript
Read the complete earnings call transcript.
JD
JD.com, Inc.
$28.46
-0.41
(-1.42%)
| Exchange: | NASDAQ |
| Market Cap: | 40.001B |
| Shares Outstanding: | 2.046B |
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Specialty Retail | |||||
| CEO: | Ran Xu | |||||
| Full Time Employees: | 570895 | |||||
| Address: |
| |||||
| Website: | https://www.jd.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,084,662,000 | 1,158,819,000 | 1,309,085,000 |
| Gross Profit | 159,704,000 | 113,442,000 | 121,852,000 |
| EBITDA | 42,823,000 | 47,356,665 | 36,827,000 |
| Operating Income | 26,025,000 | 38,736,000 | 2,774,000 |
| Net Income | 24,167,000 | 41,359,000 | 19,631,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 628,958,000 | 698,234,000 | 695,643,699 |
| Total Liabilities | 332,578,000 | 384,937,000 | 401,673,620 |
| Total Stockholders Equity | 231,858,000 | 239,347,000 | 225,183,304 |
| Total Debt | 68,431,000 | 89,768,000 | 107,173,204 |
| Cash and Cash Equivalents | 71,892,000 | 108,350,000 | 149,720,280 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 59,521,000 | 58,095,000 | 18,991,000 |
| Capital Expenditure | -20,015,000 | -13,819,000 | -14,184,000 |
| Free Cash Flow | 39,506,000 | 44,276,000 | 4,807,000 |
| Net Income | 24,167,000 | 41,359,000 | 23,142,000 |
| Net Change in Cash | -5,717,000 | 36,318,000 | 33,909,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,516,048,905.540 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,732,961,929.897 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,655,201,479.621 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 41,168,156.082 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 47,058,407.518 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 44,946,830.284 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 49,107,443.382 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 58,500,129.839 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 55,132,979.687 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 81,204,789.176 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 92,823,396.167 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 88,658,279.232 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 37.030 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 39.290 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 32.980 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 15 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: JD.com reported strong financial results in Q4 and full year 2024, as highlighted in the earnings call transcript. Key metrics such as revenue, net income, and operating income likely reflect consistent growth, underpinned by effective operational strategies and market positioning within the e-commerce sector.
- Strong Cash Flow Generation: Analysis of the cash flow statements indicates a healthy level of net cash provided by operating activities and positive free cash flow. This financial stability supports JD’s ability to fund strategic investments and manage operational needs without excessive reliance on external financing.
- Market Leadership in E-Commerce: As per the company profile and sector data, JD.com maintains a strong presence in the e-commerce industry within the broader consumer cyclical sector. Its large market capitalization and significant employee base suggest a competitive edge in logistics and customer reach.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates JD intrinsic value between $169.37 – $423.60 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about JD valuation
Is JD.com, Inc. (JD) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for JD.com, Inc. (JD) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is JD a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether JD trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is JD’s P/E ratio?
You can see JD’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for JD?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is JD a good long-term investment?
Whether JD fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
JD
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Daily snapshot
-1.42
Trading Metrics:
| Open: | 28.46 | Previous Close: | 28.87 | |
| Day Low: | 28.33 | Day High: | 28.8 | |
| Year Low: | 24.51 | Year High: | 39.27 | |
| Price Avg 50: | 27.97 | Price Avg 200: | 30.8 | |
| Volume: | 8.015M | Average Volume: | 10.58M |
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Login — it's freeJD full analysis
Welcome to MARKETSNAP’s SWOT analysis for JD.com, one of the heavyweights in the e-commerce space. If you’re a long-term investor looking to dig into the potential of this Chinese retail giant, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for JD.com, with a focus on what’s driving the stock now and what could shape its future. Let’s dive in with a quick overview of where JD.com stands today and then get into the…
