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 70,821 - -
Change - -33.38% -33.39% 35.98% -14.12% 12.05% - -
Enterprise Value (EV) 1 108,225 83,535 64,173 70,961 49,037 46,371 36,347 31,868
Change - -22.81% -23.18% 10.58% -30.9% -5.44% -21.62% -12.32%
P/E -6.75x -58.2x 88.8x 12.3x 9.68x 8.6x 7.41x 6.46x
PBR 2.82x 1.72x 1.12x 1.35x 1.18x 1.17x 1.01x 0.88x
PEG - 0.6x -1x 0x 1.19x 0.3x 0.5x 0.4x
Capitalization / Revenue 1.16x 0.59x 0.32x 0.4x 0.29x 0.27x 0.24x 0.22x
EV / Revenue 1.03x 0.61x 0.39x 0.39x 0.23x 0.18x 0.12x 0.1x
EV / EBITDA -171x 8.55x 4.39x 3.49x 2.38x 2.06x 1.42x 1.18x
EV / EBIT -36.4x -345x 84.4x 11.6x 9.12x 5.21x 3.4x 2.65x
EV / FCF 52.7x 9.85x 5.82x 4.3x 3.93x 3.45x 2.6x 2.13x
FCF Yield 1.9% 10.2% 17.2% 23.3% 25.4% 29% 38.5% 47%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.19 -0.23 0.1 0.98 1.06 1.333 1.547 1.775
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 22,478 25,594 27,002
EBIT 1 -2,975 -242.4 760.2 6,105 5,375 8,898 10,694 12,009
Net income 1 -15,842 -1,397 616.2 6,198 6,647 8,570 9,868 11,084
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 11.46 11.46 11.46
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.($)
272.68x3.47x57.47x-.--% 3.99B
19.05x8.06x16.83x3.48% 3.72B
30.88x0.88x5.64x-.--% 2.61B
15.45x0.35x9.45x3.38% 1.02B
12.43x - - 2.52% 836M
-20.31x - - - 810M
Average 55.03x 3.19x 22.35x 1.88% 2.16B
Weighted average by Cap. 96.23x 4.10x 27.90x 1.52%

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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