PDD Holdings Inc. Sponsored ADR (PDD) vs Sea Limited Sponsored ADR (SE)

PDD Holdings Inc. Sponsored ADR and Sea Limited Sponsored ADR are both Internet Retail companies. PDD Holdings Inc. Sponsored ADR is the larger, with a market value of $110.9B against $57.3B — 1.9× the size. PDD Holdings Inc. Sponsored ADR trades at the lower P/E: 8.1× against 36.7×. Sea Limited Sponsored ADR grew revenue faster over the last twelve months: 43.1% against 17.3%. PDD Holdings Inc. Sponsored ADR has the higher net margin (20.4% vs 5.94%) and the lower return on invested capital (0.00% vs 51.6%). Across the 21 metrics below, PDD Holdings Inc. Sponsored ADR leads on 17 and Sea Limited Sponsored ADR on 4.

Valuation

Metric PDD SE Internet Retail median
P/E 8.09 36.73 22.73
P/S 1.65 2.28 0.64
P/B 1.65 4.85 1.65
Price to free cash flow 6.89 19.04 14.11
EV/EBITDA 2.21 23.22 15.68
EV/Sales 0.48 1.91 0.76
Earnings yield 12.36% 2.72% (0.11%)
Free cash flow yield 14.52% 5.25% 0.00%

Profitability

Metric PDD SE Internet Retail median
Gross margin 56.33% 44.34% 43.51%
Operating margin 21.85% 8.24% 0.08%
Net margin 20.44% 5.94% 0.56%
Free cash flow margin 24.71% 18.81% 0.00%
Return on equity 23.16% 14.43% 0.00%
Return on assets 15.25% 5.73% 0.00%
Return on invested capital 0.00% 51.63% 0.00%

Growth

Metric PDD SE Internet Retail median
Revenue growth (TTM) 17.30% 43.06% 10.60%
EPS growth (last fiscal year) (7.88%) 240.54% —
Revenue growth, 5-year CAGR 46.61% 39.28% 10.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PDD SE Internet Retail median
Debt to equity 0.00 0.09 0.13
Current ratio 2.62 1.49 1.49
Net debt to EBITDA (5.16) (5.33) (0.25)

Dividend

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

Size

Metric PDD SE Internet Retail median
Market cap 110.90b 57.27b 443.85m

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