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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#1090
Positioning
Market Dominance
Retail Trade
Retail
$52.9B
Lei Xu
JD.com, Inc. provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products. It also provides online marketplace services for third-party merchants; marketing services; and omni-channel solutions.
Headcount
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = JD ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$ARCO Arcos Dorados Holdings Inc. | 73 | 85 | 89 | 65 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$IMKTA INGLES MARKETS INC | 70 | 73 | 89 | 76 | 11.3x | 4.1x | 6.9% | 4.1% | 24.3% | 2.8% | 1.9% | -3.4% | 1.1% | 33.0x | $1.2B | VS | |
$SGU STAR GROUP, L.P. | 69 | 82 | 79 | 63 | - | - | -25.2% | -10.6% | 28.1% | -6.3% | -5.4% | -7.8% | 6.1% | 57.0x | $396M | VS | |
$EZPW EZCORP INC | 68 | 77 | 82 | 89 | 7.2x | 4.2x | 12.0% | 6.2% | 59.1% | 11.6% | 8.5% | 10.5% | 0.0% | 52.0x | $764M | VS | |
$HTHT H World Group Ltd | 68 | 91 | 44 | 84 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$DDL Dingdong (Cayman) Ltd | 68 | 86 | 82 | 57 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$SBH Sally Beauty Holdings, Inc. | 68 | 83 | 92 | 77 | 5.1x | 2.3x | 32.0% | 6.6% | 51.5% | 8.4% | 4.9% | -1.0% | 0.0% | 178.0x | $934M | VS | |
$SPH SUBURBAN PROPANE PARTNERS LP | 67 | 80 | 90 | 53 | - | 13.0x | 0.4% | -3.5% | 61.7% | 2.1% | -5.7% | 2.2% | 7.1% | 190.0x | $1.2B | VS | |
$IHG INTERCONTINENTAL HOTELS GROUP PLC /NEW/ | 67 | 63 | 81 | 67 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ROST ROSS STORES, INC. | 67 | 63 | 55 | 83 | 25.2x | 16.5x | 34.8% | 13.3% | 28.0% | 11.6% | 9.1% | 10.4% | 1.0% | 26.0x | $51.6B | VS | |
$JD JD.com, Inc. | 57 | 76 | 91 | 29 | 104.6x | 1.1x | 74.6% | 25.6% | 15.9% | 3.3% | 3.9% | 3.9% | 2.3% | 38.0x | $52.9B | ||
| SECTOR BENCH | - | - | - | - | - | 21.4x | 9.1x | 9.6% | 3.6% | 37.3% | 4.4% | 2.4% | 3.7% | 0.0% | 0.7x | - | REF |
JD.com, Inc. (JD) receives a "Hold" rating with a composite score of 56.5/100. It ranks #1090 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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385.4K
HQ Base
Beijing,
Lagging peers — losers tend to keep underperforming
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Low volatility — smoother ride and historically better risk-adjusted returns
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Retail Trade sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for JD.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 76 | 93 | -17DRAG |
| MOMENTUM | 29 | 24 | +5NEUTRAL |
| VALUATION | 91 | 97 | -6DRAG |
| INVESTMENT | 43 | 80 | -37DRAG |
| STABILITY | 71 | 77 | -6DRAG |
| SHORT INT | 48 | 50 | -2NEUTRAL |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy 74.6% (sector 9.6%)
GM 16% vs sector 37%, OM 3% vs sector 4%
Capital turnover N/A, R&D intensity 1.5%
Rev growth 4%, 9yr history
Interest coverage 13.4x, Net debt/EBITDA -0.3x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate JD.com, Inc. (JD) as a Hold with a composite score of 56.5/100 at a current price of $27.46. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
JD.com, Inc. holds a top-quartile position (#0 of 50) within the Retail Trade sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 56.5/100 places it at rank #1090 in our full universe.
Narrow
Medium
Exemplary
Undervalued
Returns on equity of 74.6% exceed cost of capital.
Value factor score of 91 suggests attractive pricing.
Stable competitive position in a defensive sector.
Elevated P/E ratio of 104.6x leaves little room for execution misses.
Weak momentum suggests persistent institutional selling pressure.
Vulnerability to macroeconomic shocks and interest rate volatility.
JD.com, Inc. represents a hold based on multi-factor quantitative performance.
Our model assigns JD.com, Inc. a Hold rating, with a composite score of 56.5/100 and 3 out of 5 stars. Ranked #1090 of 7,333 stocks, JD presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
JD earns a quality score of 76/100, indicating above-average business quality. The company reports a return on equity of 74.6% (sector avg: 9.6%), gross margins of 15.9% (sector avg: 37.3%), net margins of 3.9% (sector avg: 2.4%). Companies in this tier generally demonstrate consistent profitability and efficient capital deployment, though they may face some competitive pressure.
From a valuation perspective, JD scores an exceptional 91/100, indicating the stock trades at a deep discount relative to its fundamentals. Key valuation metrics include a P/E ratio of 104.61x, an EV/EBITDA of 1.09x, a P/B ratio of 1.19x. A value score this high suggests the market may be significantly underpricing the company's earnings power, assets, or cash flow generation.
With an investment score of 43/100, JD exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of 3.9% vs. a sector average of 3.7% and a return on assets of 25.6% (sector: 3.6%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
JD.com, Inc. is experiencing notably weak momentum with a score of just 29/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at 3.9% year-over-year, while a beta of 1.23 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
JD shows good financial stability with a score of 71/100. Key stability metrics include a beta of 1.23 and a debt-to-equity ratio of 38.00x (sector avg: 0.7x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
The short interest score of 48/100 for JD suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include above-average market sensitivity (beta: 1.23), elevated leverage (D/E: 38.00x). With a $52.9B market cap (large-cap), JD.com, Inc. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
JD pays a solid dividend yield of 2.3%, contributing an income component to total returns. This moderate yield suggests a balance between returning capital to shareholders and retaining earnings for reinvestment — a common profile among quality compounders.
JD.com, Inc. is a large-cap company in the Retail Trade sector, ranked #0 of 50 in its sector (100th percentile) and #1090 of 7,333 overall (85th percentile). Key comparisons include ROE of 74.6% exceeding the 9.6% sector median and operating margins of 3.3% below the 4.4% sector average. This top-quartile standing reflects exceptional competitive strength relative to Retail Trade peers.
While JD currently exhibits a HOLD profile, superior opportunities exist within the RETAIL TRADE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Retail Trade Alpha →Quant Factor Profile
Key factor gap
Value (91) vs Momentum (29) — closing this gap could shift the rating.
EV/EBITDA 88% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 678% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 57% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
North of South Capital reduced its Vipshop stake by 1.09 million shares ($21.04 million) in Q4, cutting the position from 6.3% to 3.6% of assets. Despite the sale, the fund retained a $40 million stake. Vipshop reported Q3 revenue of $3 billion (up 3.4% YoY) and net income growth of 16.8%, with guidance for up to 5% revenue growth next quarter, suggesting the trim was tactical rather than a loss of confidence.
Despite Full Truck Alliance (YMM) stock falling nearly 20% in Q4 2025, London-based North of South Capital LLP increased its position by 240,446 shares, bringing its total stake to $116.40 million (10.46% of AUM). The fund's confidence appears grounded in the company's operational strength, with Q3 2025 showing 10.8% revenue growth and 22.3% order growth, despite near-term market skepticism around China tech stocks.
Cortland Associates sold 373,236 shares of JD.com worth approximately $11.67 million in Q4 2025, reducing its stake to 155,104 shares. The sale reflects JD.com's ongoing struggles with intense competition from rivals like Alibaba and Pinduoduo, margin pressures, and sluggish Chinese consumer market growth. JD shares have declined 64% over five years, significantly underperforming the S&P 500.
CoreView Capital increased its stake in Kanzhun Limited (BZ) by 298,584 shares, bringing its total position to 9.4 million shares valued at $220.7 million, making it the fund's largest holding at 24.27% of AUM. Kanzhun, which operates China's largest online recruitment platform BOSS Zhipin, has demonstrated strong profitability with trailing twelve-month revenue of $1.09 billion and net income of $304 million. The stock has risen 51.4% over the past year, outperforming the S&P 500.
JD.com, Inc. (NASDAQ:JD) ranks among billionaire David Tepper’s 10 favorite stocks. On January 26, BofA Securities lowered its price target for JD.com, Inc. (NASDAQ:JD) to $36 from $38, but maintained a Buy rating on the e-commerce giant. The revision came as BofA analyst Joyce Ju issued projections for JD.com’s fourth-quarter 2025 earnings report, with total […]