JD.COM INC-ADR (JD) Fundamental Analysis & Valuation

NASDAQ:JD • US47215P1066

27.03 USD
+1.56 (+6.12%)
At close: Mar 6, 2026
26.94 USD
-0.09 (-0.33%)
After Hours: 3/6/2026, 8:28:28 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This JD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, JD scores 4 out of 10 in our fundamental rating. JD was compared to 30 industry peers in the Broadline Retail industry. While JD is still in line with the averages on profitability rating, there are concerns on its financial health. JD is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. JD Profitability Analysis

1.1 Basic Checks

  • JD had positive earnings in the past year.
  • In the past year JD had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: JD reported negative net income in multiple years.
  • Of the past 5 years JD 4 years had a positive operating cash flow.
JD Yearly Net Income VS EBIT VS OCF VS FCFJD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.51%, JD is in line with its industry, outperforming 56.67% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 13.88%, JD is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 3.54%, JD is doing worse than 66.67% of the companies in the same industry.
  • JD had an Average Return On Invested Capital over the past 3 years of 6.16%. This is below the industry average of 9.19%.
Industry RankSector Rank
ROA 4.51%
ROE 13.88%
ROIC 3.54%
ROA(3y)3.84%
ROA(5y)4.5%
ROE(3y)10.86%
ROE(5y)11.44%
ROIC(3y)6.16%
ROIC(5y)4.58%
JD Yearly ROA, ROE, ROICJD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • JD's Profit Margin of 2.47% is in line compared to the rest of the industry. JD outperforms 56.67% of its industry peers.
  • JD's Profit Margin has improved in the last couple of years.
  • JD's Operating Margin of 1.35% is on the low side compared to the rest of the industry. JD is outperformed by 66.67% of its industry peers.
  • In the last couple of years the Operating Margin of JD has grown nicely.
  • JD has a Gross Margin of 15.96%. This is amonst the worse of the industry: JD underperforms 93.33% of its industry peers.
  • In the last couple of years the Gross Margin of JD has grown nicely.
Industry RankSector Rank
OM 1.35%
PM (TTM) 2.47%
GM 15.96%
OM growth 3Y112.76%
OM growth 5Y30.98%
PM growth 3YN/A
PM growth 5Y11.06%
GM growth 3Y5.37%
GM growth 5Y1.63%
JD Yearly Profit, Operating, Gross MarginsJD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

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3

2. JD Health Analysis

2.1 Basic Checks

  • JD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for JD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
JD Yearly Shares OutstandingJD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
JD Yearly Total Debt VS Total AssetsJD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B

2.2 Solvency

  • The Debt to FCF ratio of JD is 3.50, which is a good value as it means it would take JD, 3.50 years of fcf income to pay off all of its debts.
  • JD has a better Debt to FCF ratio (3.50) than 66.67% of its industry peers.
  • JD has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
  • JD has a Debt to Equity ratio of 0.26. This is comparable to the rest of the industry: JD outperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.5
Altman-Z N/A
ROIC/WACC0.44
WACC7.97%
JD Yearly LT Debt VS Equity VS FCFJD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B

2.3 Liquidity

  • A Current Ratio of 1.20 indicates that JD should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.20, JD is doing worse than 73.33% of the companies in the same industry.
  • JD has a Quick Ratio of 1.20. This is a bad value and indicates that JD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.88, JD is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.88
JD Yearly Current Assets VS Current LiabilitesJD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. JD Growth Analysis

3.1 Past

  • JD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.44%.
  • Measured over the past 5 years, JD shows a small growth in Earnings Per Share. The EPS has been growing by 1.24% on average per year.
EPS 1Y (TTM)-41.44%
EPS 3Y1.24%
EPS 5YN/A
EPS Q2Q%-85.13%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%0.09%

3.2 Future

  • The Earnings Per Share is expected to grow by 55.90% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, JD will show a small growth in Revenue. The Revenue will grow by 4.60% on average per year.
EPS Next Y28.94%
EPS Next 2Y36.37%
EPS Next 3Y55.9%
EPS Next 5YN/A
Revenue Next Year4.63%
Revenue Next 2Y5.54%
Revenue Next 3Y6.06%
Revenue Next 5Y4.6%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
JD Yearly Revenue VS EstimatesJD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500B 1T 1.5T
JD Yearly EPS VS EstimatesJD Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 20 40 60

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8

4. JD Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.01, the valuation of JD can be described as very reasonable.
  • Based on the Price/Earnings ratio, JD is valued cheaper than 86.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, JD is valued rather cheaply.
  • The Price/Forward Earnings ratio is 7.75, which indicates a rather cheap valuation of JD.
  • JD's Price/Forward Earnings ratio is rather cheap when compared to the industry. JD is cheaper than 90.00% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.57. JD is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.01
Fwd PE 7.75
JD Price Earnings VS Forward Price EarningsJD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 100.00% of the companies in the same industry are more expensive than JD, based on the Enterprise Value to EBITDA ratio.
  • JD's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. JD is cheaper than 70.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.75
EV/EBITDA 1.96
JD Per share dataJD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • JD's earnings are expected to grow with 55.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y36.37%
EPS Next 3Y55.9%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. JD Dividend Analysis

5.1 Amount

  • JD has a Yearly Dividend Yield of 4.03%, which is a nice return.
  • JD's Dividend Yield is rather good when compared to the industry average which is at 0.63. JD pays more dividend than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, JD pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.03%

5.2 History

  • JD has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
JD Yearly Dividends per shareJD Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.5 1

5.3 Sustainability

DPN/A
EPS Next 2Y36.37%
EPS Next 3Y55.9%
JD Yearly Income VS Free CF VS DividendJD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B 50B

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JD Fundamentals: All Metrics, Ratios and Statistics

JD.COM INC-ADR

NASDAQ:JD (3/6/2026, 8:28:28 PM)

After market: 26.94 -0.09 (-0.33%)

27.03

+1.56 (+6.12%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)03-05
Earnings (Next)05-11
Inst Owners24.62%
Inst Owner Change-17.57%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap39.18B
Revenue(TTM)N/A
Net Income(TTM)32.20B
Analysts82.5
Price Target40.6 (50.2%)
Short Float %1.95%
Short Ratio2.82
Dividend
Industry RankSector Rank
Dividend Yield 4.03%
Yearly Dividend0.81
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.81%
Min EPS beat(2)-30.88%
Max EPS beat(2)-10.74%
EPS beat(4)1
Avg EPS beat(4)-10.86%
Min EPS beat(4)-30.88%
Max EPS beat(4)7.31%
EPS beat(8)3
Avg EPS beat(8)-11.06%
EPS beat(12)3
Avg EPS beat(12)-17.96%
EPS beat(16)3
Avg EPS beat(16)-19.35%
Revenue beat(2)1
Avg Revenue beat(2)1.51%
Min Revenue beat(2)-1.15%
Max Revenue beat(2)4.18%
Revenue beat(4)3
Avg Revenue beat(4)2.21%
Min Revenue beat(4)-1.15%
Max Revenue beat(4)4.18%
Revenue beat(8)4
Avg Revenue beat(8)0.53%
Revenue beat(12)5
Avg Revenue beat(12)-0.08%
Revenue beat(16)6
Avg Revenue beat(16)-0.33%
PT rev (1m)-7.26%
PT rev (3m)-5.43%
EPS NQ rev (1m)-61.4%
EPS NQ rev (3m)-63.08%
EPS NY rev (1m)0%
EPS NY rev (3m)4.12%
Revenue NQ rev (1m)-0.72%
Revenue NQ rev (3m)-3.15%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.39%
Valuation
Industry RankSector Rank
PE 10.01
Fwd PE 7.75
P/S 0.21
P/FCF 11.75
P/OCF 11.75
P/B 1.17
P/tB 1.7
EV/EBITDA 1.96
EPS(TTM)2.7
EY9.99%
EPS(NY)3.49
Fwd EY12.9%
FCF(TTM)2.3
FCFY8.51%
OCF(TTM)2.3
OCFY8.51%
SpS130.34
BVpS23.19
TBVpS15.94
PEG (NY)0.35
PEG (5Y)N/A
Graham Number37.53
Profitability
Industry RankSector Rank
ROA 4.51%
ROE 13.88%
ROCE 4.42%
ROIC 3.54%
ROICexc 7.08%
ROICexgc 11.14%
OM 1.35%
PM (TTM) 2.47%
GM 15.96%
FCFM 1.76%
ROA(3y)3.84%
ROA(5y)4.5%
ROE(3y)10.86%
ROE(5y)11.44%
ROIC(3y)6.16%
ROIC(5y)4.58%
ROICexc(3y)14.68%
ROICexc(5y)11.07%
ROICexgc(3y)26.77%
ROICexgc(5y)19.28%
ROCE(3y)7.82%
ROCE(5y)5.8%
ROICexgc growth 3Y94.13%
ROICexgc growth 5Y23.51%
ROICexc growth 3Y86.93%
ROICexc growth 5Y21.7%
OM growth 3Y112.76%
OM growth 5Y30.98%
PM growth 3YN/A
PM growth 5Y11.06%
GM growth 3Y5.37%
GM growth 5Y1.63%
F-Score5
Asset Turnover1.83
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.5
Debt/EBITDA 2.27
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 86.92%
Profit Quality 71.44%
Current Ratio 1.2
Quick Ratio 0.88
Altman-Z N/A
F-Score5
WACC7.97%
ROIC/WACC0.44
Cap/Depr(3y)108.05%
Cap/Depr(5y)124.04%
Cap/Sales(3y)0.79%
Cap/Sales(5y)0.89%
Profit Quality(3y)262.86%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-41.44%
EPS 3Y1.24%
EPS 5YN/A
EPS Q2Q%-85.13%
EPS Next Y28.94%
EPS Next 2Y36.37%
EPS Next 3Y55.9%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%0.09%
Revenue Next Year4.63%
Revenue Next 2Y5.54%
Revenue Next 3Y6.06%
Revenue Next 5Y4.6%
EBIT growth 1Y-52.07%
EBIT growth 3Y127.2%
EBIT growth 5Y50.59%
EBIT Next Year-40.41%
EBIT Next 3Y9.65%
EBIT Next 5YN/A
FCF growth 1Y-60.61%
FCF growth 3Y21.74%
FCF growth 5Y19.82%
OCF growth 1Y-60.61%
OCF growth 3Y11.16%
OCF growth 5Y18.58%

JD.COM INC-ADR / JD FAQ

What is the fundamental rating for JD stock?

ChartMill assigns a fundamental rating of 4 / 10 to JD.


What is the valuation status of JD.COM INC-ADR (JD) stock?

ChartMill assigns a valuation rating of 8 / 10 to JD.COM INC-ADR (JD). This can be considered as Undervalued.


What is the profitability of JD stock?

JD.COM INC-ADR (JD) has a profitability rating of 4 / 10.


What is the valuation of JD.COM INC-ADR based on its PE and PB ratios?

The Price/Earnings (PE) ratio for JD.COM INC-ADR (JD) is 10.01 and the Price/Book (PB) ratio is 1.17.