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 74,893 - -
Change - -33.38% -33.39% 35.98% -14.12% 18.49% - -
Enterprise Value (EV) 1 108,225 83,535 64,173 70,961 49,037 50,443 40,419 35,940
Change - -22.81% -23.18% 10.58% -30.9% 2.87% -19.87% -11.08%
P/E -6.75x -58.2x 88.8x 12.3x 9.68x 9.1x 7.87x 6.9x
PBR 2.82x 1.72x 1.12x 1.35x 1.18x 1.24x 1.07x 0.93x
PEG - 0.6x -1x 0x 1.19x 0.4x 0.5x 0.5x
Capitalization / Revenue 1.16x 0.59x 0.32x 0.4x 0.29x 0.28x 0.26x 0.24x
EV / Revenue 1.03x 0.61x 0.39x 0.39x 0.23x 0.19x 0.14x 0.11x
EV / EBITDA -171x 8.55x 4.39x 3.49x 2.38x 2.23x 1.57x 1.32x
EV / EBIT -36.4x -345x 84.4x 11.6x 9.12x 5.59x 3.79x 3.02x
EV / FCF 52.7x 9.85x 5.82x 4.3x 3.93x 3.75x 2.89x 2.4x
FCF Yield 1.9% 10.2% 17.2% 23.3% 25.4% 26.7% 34.6% 41.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.19 -0.23 0.1 0.98 1.06 1.331 1.54 1.757
Distribution rate - - - - - - - -
Net sales 1 104,693 137,402 166,625 182,838 217,147 264,793 291,380 318,196
EBITDA 1 -631.1 9,774 14,606 20,343 20,603 22,589 25,719 27,133
EBIT 1 -2,975 -242.4 760.2 6,105 5,375 9,017 10,657 11,909
Net income 1 -15,842 -1,397 616.2 6,198 6,647 8,558 9,819 10,967
Net Debt 1 -13,741 2,279 10,046 -2,642 -14,170 -24,449 -34,474 -38,952
Reference price 2 21.55 13.37 8.88 12.03 10.26 12.12 12.12 12.12
Nbr of stocks (in thousands) 5,660,170 6,075,430 6,097,253 6,119,238 6,159,104 6,179,011 - -
Announcement Date 3/10/22 3/9/23 3/6/24 3/6/25 3/5/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.93x0.19x2.17x-.--% 10.84B
248.98x3.15x52.16x-.--% 3.63B
17.78x7.57x15.81x3.73% 3.47B
31.14x0.89x5.67x-.--% 2.63B
15.54x0.35x9.5x3.37% 1.02B
12.43x - - 2.51% 831M
-20.75x - - - 828M
Average 44.87x 2.43x 17.06x 1.6% 3.32B
Weighted average by Cap. 49.58x 1.96x 13.54x 0.82%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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