| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 747.85 | 609.95 | 568.68 | 267.13 |
| Receivables | 15.19 | 17.25 | 27.45 | 3.57 |
| Inventory | 66.46 | 75.84 | 81.58 | 3.00 |
| Other | 10.39 | 8.59 | 16.32 | 919.52 |
| 866.30 | 735.03 | 720.72 | 1,195.97 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 200.31 | 227.48 | 274.61 | 7.49 |
| ST’ Debt | 464.83 | 220.06 | 124.63 | — |
| Other | 33.84 | 38.26 | 39.08 | 956.08 |
| 916.31 | 722.05 | 685.61 | 969.81 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 20.21 | 10.79 | — | — |
—
|
| ’25 | 755.03 | 834.20 | 935.86 | 958.33 |
3,483.42
|
| ’24 | 695.82 | 770.44 | 931.69 | 762.11 |
3,160.06
|
| ’23 | 727.69 | 667.55 | 704.45 | 713.20 |
2,812.89
|
| ’22 | 858.72 | 990.49 | 835.39 | 827.16 |
3,511.75
|
| ’21 | 580.32 | 719.58 | 960.59 | 896.96 |
3,157.44
|
| ’20 | 373.09 | 368.36 | 424.00 | — |
1,730.18
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 21.27 | — | — | — |
—
|
| ’25 | 11.75 | — | 20.28 | 56.29 |
76.58
|
| ’24 | 13.13 | — | — | 127.28 |
127.28
|
| ’23 | (44.68) | (25.06) | 19.50 | (33.04) |
(33.04)
|
| ’22 | (60.76) | 93.27 | (89.79) | 69.95 |
12.67
|
| ’21 | (154.86) | (251.07) | (196.78) | (692.42) |
(889.20)
|
| ’20 | 2.24 | (75.99) | (88.23) | (313.76) |
(313.76)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 21.27 | — | — | — |
—
|
| ’25 | 11.75 | — | 20.28 | 31.31 |
51.60
|
| ’24 | 13.13 | — | — | 114.52 |
114.52
|
| ’23 | (44.68) | (25.06) | 19.50 | (41.08) |
(41.08)
|
| ’22 | (60.76) | 93.27 | (89.79) | 52.39 |
(4.89)
|
| ’21 | (171.72) | (251.07) | (196.78) | (763.20) |
(959.98)
|
| ’20 | 2.24 | (75.99) | (88.23) | (351.51) |
(351.51)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.11 | 0.18 | — | — |
—
|
| ’25 | 0.00 | 0.06 | 0.05 | 0.02 |
0.12
|
| ’24 | 0.00 | 0.00 | 0.09 | 0.06 |
0.20
|
| ’23 | (0.03) | (0.03) | 0.00 | 0.00 |
0.07
|
| ’22 | (0.35) | (0.03) | (0.23) | 0.03 |
(0.57)
|
| ’21 | (0.95) | (7.73) | (1.44) | (0.80) |
(8.12)
|
| ’20 | (0.16) | (0.58) | — | — |
(2.14)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | ‡‡‡‡ | 2.43 | 1.46 | 1.07 | 1.65 | — | — | — |
Low Price
|
| — | — | — | — | — | ‡‡‡‡ | 16.71 | 6.90 | 4.79 | 3.85 | — | — | — |
High Price
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,363 | 3,015 | 3,120 | 3,658 | — | — | — |
Employees
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.04 | 0.93 | 1.01 | 0.95 | — | — | — |
Revenue/Emp
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,511.75 | 2,812.89 | 3,160.06 | 3,483.42 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.91% | 30.66% | 30.11% | 29.17% | — | — | — |
Gross Margin
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (116.01) | (10.12) | 43.90 | 34.44 | — | — | — |
EBT
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.30%) | (0.36%) | 1.39% | 0.99% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| — | ‡‡‡ | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (116.99) | (12.86) | 41.70 | 33.13 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.61 | 21.83 | 15.70 | 13.95 | — | — | — |
Depreciation
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.24 | 12.98 | 14.62 | 16.07 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.57) | 0.07 | 0.20 | 0.14 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.06 | (0.15) | 0.59 | 0.35 | — | — | — |
Cash Flow/Sh
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.08) | (0.04) | (0.06) | (0.12) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.02) | (0.19) | 0.53 | 0.24 | — | — | — |
Free CF/Sh
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.21 | 0.25 | 0.51 | 0.69 | — | — | — |
Book Value/Sh
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 216.22 | 216.65 | 216.13 | 216.73 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 21.87 | 17.79 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.27 | 0.11 | 0.22 | 0.15 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | — | — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 21.25 | 5.95 | 6.48 | 3.63 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.21 | 0.04 | 0.12 | 0.05 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.58) | (0.55) | 22.00 | 1.09 | — | — | — |
EV/FCF
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.67 | (33.04) | 127.28 | 76.58 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (17.56) | (8.04) | (12.75) | (24.98) | ‡‡‡‡‡ | — | — |
Capex
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.89) | (41.08) | 114.52 | 51.60 | — | — | — |
FCF
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (103.66) | (50.01) | 12.97 | 35.11 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 712.45 | 464.83 | 220.06 | 124.63 | — | — | — |
Total Debt
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (229.34) | (283.03) | (389.89) | (444.05) | — | — | — |
Net Debt
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.97 | 53.88 | 109.41 | 148.83 | — | — | — |
Sh' Equity
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.32%) | (1.15%) | 3.93% | 3.20% | — | — | — |
ROA
|
| — | — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00% | 0.00% | 0.00% | 0.00% | — | — | — |
ROIC
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (148.31%) | (28.46%) | 49.51% | 24.55% | — | — | — |
ROE
|
Dingdong (Cayman) Limited (DDL), China’s leading on-demand grocery delivery platform, has endured a dramatic post-IPO plunge of over 93% from its 2021 pandemic peak, battered by regulatory crackdowns, geopolitical tensions, and post-COVID demand normalization. Yet, with shares now implying deep undervaluation—analyst targets signal up to 515% upside—the company is staging a robust turnaround, boasting 2024 revenue rebounding 12% to $3.16 billion, first meaningful profits of $41.7 million, and positive free cash flow of $114.5 million, all on sharply improved efficiency with gross margins at 30% and revenue per employee doubling since 2020.
Operational leverage shines through stabilized shares outstanding, halved debt, and ROE surging to 49.5%, positioning DDL ahead of China’s grocery e-commerce peers amid sector headwinds like deflation and slowing urban consumption. Forward projections forecast a 10% revenue CAGR through 2027, EPS tripling to $0.29, and multiples compressing to attractive levels, yet the stock remains decoupled from these gains due to lingering ADR delisting fears and macro gloom.
This stark valuation disconnect—PS at 0.22x versus peers, EV/FCF at 22x—screams opportunity for investors eyeing China’s consumer rebound, low online grocery penetration (<10%), and DDL’s urban stronghold for tier-2/3 expansion, provided stimulus ignites demand and geopolitical thaw supports a re-rating.
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