DoorDash, Inc. (DASH) vs PDD Holdings Inc. Sponsored ADR (PDD)

DoorDash, Inc. and PDD Holdings Inc. Sponsored ADR are both Internet Retail companies. PDD Holdings Inc. Sponsored ADR is the larger, with a market value of $110.9B against $81.5B — 1.4× the size. PDD Holdings Inc. Sponsored ADR trades at the lower P/E: 8.1× against 99.7×. DoorDash, Inc. grew revenue faster over the last twelve months: 33.6% against 17.3%. PDD Holdings Inc. Sponsored ADR has the higher net margin (20.4% vs 5.29%) and the lower return on invested capital (0.00% vs 6.36%). Across the 21 metrics below, PDD Holdings Inc. Sponsored ADR leads on 18 and DoorDash, Inc. on 3.

Valuation

Metric DASH PDD Internet Retail median
P/E 99.67 8.09 22.73
P/S 5.29 1.65 0.64
P/B 8.47 1.65 1.65
Price to free cash flow 39.27 6.89 14.11
EV/EBITDA 45.15 2.21 15.68
EV/Sales 5.11 0.48 0.76
Earnings yield 1.00% 12.36% (0.11%)
Free cash flow yield 2.55% 14.52% 0.00%

Profitability

Metric DASH PDD Internet Retail median
Gross margin 51.41% 56.33% 43.51%
Operating margin 4.48% 21.85% 0.08%
Net margin 5.29% 20.44% 0.56%
Free cash flow margin 13.46% 24.71% 0.00%
Return on equity 8.93% 23.16% 0.00%
Return on assets 4.61% 15.25% 0.00%
Return on invested capital 6.36% 0.00% 0.00%

Growth

Metric DASH PDD Internet Retail median
Revenue growth (TTM) 33.59% 17.30% 10.60%
EPS growth (last fiscal year) 634.48% (7.88%) —
Revenue growth, 5-year CAGR 36.58% 46.61% 10.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DASH PDD Internet Retail median
Debt to equity 0.27 0.00 0.13
Current ratio 1.37 2.62 1.49
Net debt to EBITDA (1.97) (5.16) (0.25)

Dividend

Metric DASH PDD Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric DASH PDD Internet Retail median
Market cap 81.46b 110.90b 443.85m

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