Company Valuation: JD Logistics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 121,966 81,256 54,128 73,603 63,207 55,333 - -
Change - -33.38% -33.39% 35.98% -14.12% -12.46% - -
Enterprise Value (EV) 1 108,225 83,535 64,173 70,961 49,037 36,772 28,784 20,662
Change - -22.81% -23.18% 10.58% -30.9% -25.01% -21.73% -28.22%
P/E -6.75x -58.2x 88.8x 12.3x 9.68x 6.52x 5.56x 4.83x
PBR 2.82x 1.72x 1.12x 1.35x 1.18x 0.86x 0.75x 0.65x
PEG - 0.6x -1x 0x 1.19x 0.3x 0.3x 0.3x
Capitalization / Revenue 1.16x 0.59x 0.32x 0.4x 0.29x 0.21x 0.19x 0.18x
EV / Revenue 1.03x 0.61x 0.39x 0.39x 0.23x 0.14x 0.1x 0.07x
EV / EBITDA -171x 8.55x 4.39x 3.49x 2.38x 1.56x 1.12x 0.8x
EV / EBIT -36.4x -345x 84.4x 11.6x 9.12x 4.08x 2.75x 1.77x
EV / FCF 52.7x 9.85x 5.82x 4.3x 3.93x 2.4x 2.05x 1.4x
FCF Yield 1.9% 10.2% 17.2% 23.3% 25.4% 41.6% 48.9% 71.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.19 -0.23 0.1 0.98 1.06 1.282 1.503 1.73
Distribution rate - - - - - - - -
Net sales 1 104,693 137,402 166,625 182,838 217,147 264,651 291,054 316,012
EBITDA 1 -631.1 9,774 14,606 20,343 20,603 23,513 25,724 25,765
EBIT 1 -2,975 -242.4 760.2 6,105 5,375 9,008 10,475 11,689
Net income 1 -15,842 -1,397 616.2 6,198 6,647 8,371 9,652 10,884
Net Debt 1 -13,741 2,279 10,046 -2,642 -14,170 -18,561 -26,550 -34,671
Reference price 2 21.548 13.375 8.877 12.028 10.262 8.354 8.354 8.354
Nbr of stocks (in thousands) 5,660,170 6,075,430 6,097,253 6,119,238 6,159,104 6,623,722 - -
Announcement Date 3/10/22 A 3/9/23 A 3/6/24 A 3/6/25 A 3/5/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.53x0.14x1.57x-.--% 8.32B
17.49x1.22x8.98x6.25% 90.26B
14.97x0.9x7.99x1.9% 72.68B
16.5x0.99x7.3x3.41% 72.59B
32.17x1.35x11.69x0.5% 49.62B
12.66x9.23x28.67x5.39% 41.15B
24.93x1.18x12.61x3.09% 33.46B
25.28x1.9x18.05x0.79% 25.95B
14.61x0.42x4.18x2.85% 24.03B
10.13x1.42x5.24x4.16% 14.96B
Average 17.53x 1.87x 10.63x 2.83% 43.3B
Weighted average by Cap. 18.54x 1.88x 11.00x 3.35%

Y-o-Y evolution of P/E

Valuation ratios - P/E - JD Logistics, Inc.

Historical PBR trend

Valuation ratios - PBR - JD Logistics, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - JD Logistics, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - JD Logistics, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - JD Logistics, Inc.
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