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 $32.9B against $15.3B — 2.1× the size. Wayfair Inc. has negative trailing earnings, so its P/E is not meaningful; JD.com, Inc. trades at 17.3×. 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 17.31 n/m 24.35
P/S 0.19 1.10 0.69
P/B 0.89 n/m 1.66
Price to free cash flow n/m 25.22 15.23
EV/EBITDA 34.91 31.65 19.14
EV/Sales 0.05 1.23 0.75
Earnings yield 5.78% (2.29%) (0.17%)
Free cash flow yield (2.10%) 3.97% 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% 10.80%
EPS growth (last fiscal year) (50.00%) 39.15% 14.02%
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) 0.10
Current ratio 1.14 0.74 1.48
Net debt to EBITDA (12.37) 5.11 (0.25)

Dividend

Metric JD W Internet Retail median
Dividend yield 3.70% — 1.79%
Payout ratio 0.69 — 0.25

Size

Metric JD W Internet Retail median
Market cap 32.94b 15.33b 413.81m

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