PDD Holdings Inc. Sponsored ADR (PDD) vs Wayfair Inc. (W)

PDD Holdings Inc. Sponsored ADR and Wayfair Inc. are both Internet Retail companies. PDD Holdings Inc. Sponsored ADR is the larger, with a market value of $110.9B against $13.4B — 8.3× the size. Wayfair Inc. has negative trailing earnings, so its P/E is not meaningful; PDD Holdings Inc. Sponsored ADR trades at 8.1×. PDD Holdings Inc. Sponsored ADR grew revenue faster over the last twelve months: 17.3% against 7.46%. PDD Holdings Inc. Sponsored ADR has the higher net margin (20.4% vs −2.49%) and the higher return on invested capital (0.00% vs 0.00%). Across the 18 metrics below, PDD Holdings Inc. Sponsored ADR leads on 15 and Wayfair Inc. on 3.

Valuation

Metric PDD W Internet Retail median
P/E 8.09 n/m 22.73
P/S 1.65 1.01 0.64
P/B 1.65 n/m 1.65
Price to free cash flow 6.89 23.08 14.11
EV/EBITDA 2.21 29.25 15.68
EV/Sales 0.48 1.13 0.76
Earnings yield 12.36% (2.50%) (0.11%)
Free cash flow yield 14.52% 4.33% 0.00%

Profitability

Metric PDD W Internet Retail median
Gross margin 56.33% 30.05% 43.51%
Operating margin 21.85% 1.67% 0.08%
Net margin 20.44% (2.49%) 0.56%
Free cash flow margin 24.71% 4.36% 0.00%
Return on equity 23.16% 11.66% 0.00%
Return on assets 15.25% (10.26%) 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric PDD W Internet Retail median
Revenue growth (TTM) 17.30% 7.46% 10.60%
EPS growth (last fiscal year) (7.88%) 39.15% —
Revenue growth, 5-year CAGR 46.61% (2.51%) 10.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PDD W Internet Retail median
Debt to equity 0.00 (1.00) 0.13
Current ratio 2.62 0.74 1.49
Net debt to EBITDA (5.16) 5.11 (0.25)

Dividend

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

Size

Metric PDD W Internet Retail median
Market cap 110.90b 13.38b 443.85m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack