JD.com, Inc. (JD) vs Wayfair Inc. (W)

JD.com, Inc. and Wayfair Inc. are both Internet Retail companies. JD.com, Inc. is the larger, with a market value of $31.9B against $13.4B — 2.4× the size. Wayfair Inc. has negative trailing earnings, so its P/E is not meaningful; JD.com, Inc. trades at 17.0×. JD.com, Inc. grew revenue faster over the last twelve months: 10.8% against 7.46%. JD.com, Inc. has the higher net margin (1.16% vs −2.49%) and the higher return on invested capital (1.18% vs 0.00%). Across the 19 metrics below, JD.com, Inc. leads on 10 and Wayfair Inc. on 9.

Valuation

Metric JD W Internet Retail median
P/E 16.99 n/m 22.73
P/S 0.19 1.01 0.64
P/B 0.88 n/m 1.65
Price to free cash flow n/m 23.08 14.11
EV/EBITDA 32.57 29.25 15.68
EV/Sales 0.05 1.13 0.76
Earnings yield 5.88% (2.50%) (0.11%)
Free cash flow yield (2.14%) 4.33% 0.00%

Profitability

Metric JD W Internet Retail median
Gross margin 16.58% 30.05% 43.51%
Operating margin 0.15% 1.67% 0.08%
Net margin 1.16% (2.49%) 0.56%
Free cash flow margin 3.89% 4.36% 0.00%
Return on equity 0.00% 11.66% 0.00%
Return on assets 2.17% (10.26%) 0.00%
Return on invested capital 1.18% 0.00% 0.00%

Growth

Metric JD W Internet Retail median
Revenue growth (TTM) 10.82% 7.46% 10.60%
EPS growth (last fiscal year) (50.00%) 39.15% —
Revenue growth, 5-year CAGR 10.37% (2.51%) 10.81%
Net income growth, 5-year CAGR (18.00%) 0.00% 0.00%

Health

Metric JD W Internet Retail median
Debt to equity 0.20 (1.00) 0.13
Current ratio 1.14 0.74 1.49
Net debt to EBITDA (12.37) 5.11 (0.25)

Dividend

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

Size

Metric JD W Internet Retail median
Market cap 31.94b 13.38b 443.85m

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