Global-e Online Ltd. (GLBE) vs JD.com, Inc. (JD)

Global-e Online Ltd. and JD.com, Inc. are both Internet Retail companies. JD.com, Inc. is the larger, with a market value of $31.9B against $6.9B — 4.6× the size. JD.com, Inc. trades at the lower P/E: 17.0× against 44.1×. Global-e Online Ltd. grew revenue faster over the last twelve months: 31.4% against 10.8%. Global-e Online Ltd. has the higher net margin (13.9% vs 1.16%) and the higher return on invested capital (26.5% vs 1.18%). Across the 21 metrics below, Global-e Online Ltd. leads on 15 and JD.com, Inc. on 6.

Valuation

Metric GLBE JD Internet Retail median
P/E 44.14 16.99 22.73
P/S 6.07 0.19 0.64
P/B 7.45 0.88 1.65
Price to free cash flow 23.20 n/m 14.11
EV/EBITDA 31.18 32.57 15.68
EV/Sales 5.59 0.05 0.76
Earnings yield 2.27% 5.88% (0.11%)
Free cash flow yield 4.31% (2.14%) 0.00%

Profitability

Metric GLBE JD Internet Retail median
Gross margin 45.22% 16.58% 43.51%
Operating margin 14.25% 0.15% 0.08%
Net margin 13.87% 1.16% 0.56%
Free cash flow margin 26.16% 3.89% 0.00%
Return on equity 16.96% 0.00% 0.00%
Return on assets 11.96% 2.17% 0.00%
Return on invested capital 26.46% 1.18% 0.00%

Growth

Metric GLBE JD Internet Retail median
Revenue growth (TTM) 31.40% 10.82% 10.60%
EPS growth (last fiscal year) 186.67% (50.00%) —
Revenue growth, 5-year CAGR 47.81% 10.37% 10.81%
Net income growth, 5-year CAGR 148.19% (18.00%) 0.00%

Health

Metric GLBE JD Internet Retail median
Debt to equity 0.00 0.20 0.13
Current ratio 2.07 1.14 1.49
Net debt to EBITDA (3.93) (12.37) (0.25)

Dividend

Metric GLBE JD Internet Retail median
Dividend yield — 1.05% —
Payout ratio 0.00 0.31 0.00

Size

Metric GLBE JD Internet Retail median
Market cap 6.87b 31.94b 443.85m

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