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JD.com, Inc. (9618.HK)

HKD113.80 +0.60 (+0.53%)
CN HKSE Consumer Cyclical Specialty Retail
Address Building A, 20th Floor 101111
Beijing, CN
CEO Qiangdong Liu
Website jd.com
IPO 2020-06-18
ISIN KYG8208B1014

Explore sections of this company profile

Also trades on Frankfurt Stock Exchange · 013A.F (EUR) Hong Kong Stock Exchange · 89618.HK (CNY) Hong Kong Stock Exchange · 9618.HK (HKD) NASDAQ Global Select · JD (USD) Other OTC · JDCMF (USD)
Description

JD.com, Inc., a company founded in Beijing, People's Republic of China, in 2006, specializes in delivering technology and services driven by its extensive supply chain. The firm offers a wide range of products, including electronics such as computers, communication devices, consumer gadgets, and home appliances. Its general merchandise selection is equally comprehensive, encompassing food, beverages, fresh produce, baby and maternity essentials, furniture, household goods, cosmetics, personal care items, pharmaceuticals, healthcare products, books, automotive accessories, apparel, footwear, bags, and jewelry. Beyond direct retail, JD.com facilitates an online marketplace for independent merchants, provides marketing solutions, and offers omni-channel strategies to both individual customers and traditional retailers. The company also extends into online healthcare services. Supporting these operations, JD.com develops, owns, and manages its own substantial network of logistics facilities and other real estate, which also serves third-party needs. It further provides asset management services to investors in logistics properties. Additionally, JD.com delivers integrated digital solutions spanning data, technology, business, and user management, designed to support the digital transformation of various enterprises and institutions. The company changed its name from 360buy Jingdong Inc. to JD.com, Inc. in January 2014.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD113.80 +0.60 (+0.53%)
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Volume Profile
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Liquidity & share structure
Average Volume
11M
Beta
0.38
Float Shares
2.41B
Free Float %
88.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+6.67% +7.12% +12.47% +18.70% +1.53% +13.17% -7.81% -10.49% -54.34% -46.03% -46.03%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (32 ratings, all time) Buy
Price Targets & DCF
Current price
113.80
DCF (Unlevered) 237.71 +108.9%
DCF (Levered) 909.40 +699.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 92% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 19 -1
Hold 1 -1
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.43
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Specialty Retail: +6.4%
    +10.0% ★ Q1'26: +3.9% (vs Q1'25)
  • ✗
    EPS growth Specialty Retail: +20.6%
    -52.3% Q1'26: -50.7% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Specialty Retail: +29.3%
    -0.7% Q1'26: +4.7% (vs Q1'25)
  • ✗
    EBIT margin Specialty Retail: +5.4%
    +0.3% Q1'26: +1.2% (vs Q1'25)
  • ✗
    ROIC Specialty Retail: +6.5%
    +1.9% Q1'26: +7.2% (vs Q1'25)
  • ✓
    Share dilution Specialty Retail: +0.1%
    -3.2% ★ Q1'26: -5.6% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    8.34× ★ Q1'26: 4.20× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.40) × ERP
WACC = 74% × Ke + 26% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 231.43 Current price: 113.80
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
41 Rev. Ana.
10 EPS Ana. 		Dec 2027
38 Rev. Ana.
12 EPS Ana. 		Dec 2028
22 Rev. Ana.
7 EPS Ana. 		Dec 2029
29 Rev. Ana.
10 EPS Ana.
Revenue
181.29B
est: 215.33B (-15.8%)
260.12B
est: 289.56B (-10.2%)
362.33B
est: 434.37B (-16.6%)
462.02B
est: 525.94B (-12.2%)
576.89B
est: 640.31B (-9.9%)
745.80B
est: 884.24B (-15.7%)
951.59B
est: 1.16T (-18.2%)
1.05T
est: 1.19T (-12.3%)
1.08T
est: 1.17T (-7.6%)
1.16T
est: 1.14T (+1.3%)
1.28T
est: 1.31T (-2.7%)
1.40T
1.31T – 1.48T
+6.5% YoY
1.48T
1.30T – 1.58T
+6.2% YoY
1.57T
1.42T – 1.67T
+5.8% YoY
1.65T
1.50T – 1.75T
+5.3% YoY
EBITDA
-100.45M
est: 5.73B (-101.8%)
2.17B
est: 7.71B (-71.9%)
3.36B
est: 11.57B (-71.0%)
2.96B
est: 14.01B (-78.8%)
10.94B
est: 17.05B (-35.9%)
16.76B
est: 23.55B (-28.8%)
9.61B
est: 27.58B (-65.2%)
25.58B
est: 33.95B (-24.6%)
37.20B
est: 39.94B (-6.9%)
48.47B
est: 27.55B (+75.9%)
12.84B
est: 31.63B (-59.4%)
33.70B
31.69B – 35.63B
+6.5% YoY
35.78B
31.32B – 38.14B
+6.2% YoY
37.87B
34.35B – 40.21B
+5.8% YoY
39.86B
36.15B – 42.32B
+5.3% YoY
EBIT
-2.61B
est: 4.14B (-162.9%)
-1.25B
est: 5.57B (-122.5%)
-835.48M
est: 8.36B (-110.0%)
-2.60B
est: 10.12B (-125.7%)
5.11B
est: 12.32B (-58.5%)
10.69B
est: 17.02B (-37.2%)
3.37B
est: 9.99B (-66.2%)
18.34B
est: 12.29B (+49.2%)
28.91B
est: 14.46B (+99.9%)
39.57B
est: 19.33B (+104.7%)
3.59B
est: 22.19B (-83.8%)
23.64B
22.23B – 25.00B
+6.5% YoY
25.10B
21.97B – 26.76B
+6.2% YoY
26.56B
24.09B – 28.20B
+5.8% YoY
27.96B
25.36B – 29.69B
+5.3% YoY
Net Income
-9.11B
est: -2.54B (-258.4%)
-3.81B
est: -3.46B (-10.1%)
-152.26M
est: 264.38M (-157.6%)
-2.49B
est: 2.46B (-201.2%)
12.18B
est: 10.88B (+11.9%)
49.41B
est: 17.35B (+184.8%)
-3.56B
est: 14.77B (-124.1%)
10.38B
est: 18.17B (-42.9%)
24.17B
est: 21.39B (+13.0%)
41.36B
est: 43.83B (-5.6%)
19.12B
est: 26.59B (-28.1%)
31.54B
28.12B – 35.11B
+18.6% YoY
42.01B
25.51B – 53.33B
+33.2% YoY
52.49B
46.15B – 56.71B
+25.0% YoY
54.65B
48.05B – 59.05B
+4.1% YoY
SGA
10.56B
est: 10.32B (+2.4%)
15.38B
est: 13.87B (+10.9%)
19.13B
est: 20.81B (-8.1%)
24.40B
est: 25.20B (-3.2%)
27.72B
est: 30.68B (-9.6%)
33.57B
est: 42.36B (-20.8%)
50.31B
est: 77.07B (-34.7%)
48.83B
est: 94.84B (-48.5%)
49.84B
est: 111.60B (-55.3%)
56.84B
est: 76.29B (-25.5%)
178.29B
est: 87.60B (+103.5%)
93.32B
87.76B – 98.67B
+6.5% YoY
99.07B
86.74B – 105.62B
+6.2% YoY
104.85B
95.11B – 111.34B
+5.8% YoY
110.37B
100.11B – 117.20B
+5.3% YoY
EPS
-3.43
est: -0.83 (-315.1%)
-1.20
est: -1.12 (-6.8%)
0.05
est: 0.09 (-41.8%)
-0.86
est: 0.80 (-207.4%)
4.18
est: 3.54 (+18.1%)
16.35
est: 5.64 (+189.9%)
-1.15
est: 5.05 (-122.8%)
3.32
est: 8.34 (-60.2%)
7.69
est: 10.47 (-26.6%)
13.83
est: 14.76 (-6.3%)
6.72
est: 8.93 (-24.7%)
10.59
9.44 – 11.79
+18.6% YoY
14.11
8.56 – 17.91
+33.2% YoY
17.63
15.50 – 19.04
+25.0% YoY
18.35
16.13 – 19.83
+4.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-11 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 A 4/5 5/5 3/5 4/5 2/5 4/5 4/5
2026-05-04 A 4/5 5/5 3/5 4/5 2/5 4/5 4/5
2026-04-30 A 4/5 5/5 3/5 4/5 2/5 4/5 4/5
2026-04-29 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-28 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-27 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-24 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-23 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-22 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-21 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-20 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-17 A- 4/5 4/5 3/5 4/5 1/5 4/5 4/5
2026-04-16 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-15 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
24.40B
OE per share TTM
8.16
Owner's Yield
7.28%
Maintenance CapEx ratio
11.92%
Maint CapEx / Avg PPE
8.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
6.3K
Shares Outstanding
2.73B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chengfeng He Chief Compliance Officer — male
Daxue Li Advisor — male
Jia Dong Investor Relations of Associate Director — —
Li Yayun Senior Vice President — female
Pang Zhang Chief Human Resources Officer — female
Qiangdong Liu Founder & Chairman — male
Ran Xu Chief Executive Officer & Executive Director — female
Ruiyu Li Senior Director of Investor Relations — male
Sean Shibiao Zhang Director of Investor Relations — male
Su Shan Chief Financial Officer — male
Yanzhong Yao President of JD Retail Appliance & Home and Senior Vice President — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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