JD.com is an internet company and online consumer electronics retailer in China.
On March 2, 2020, Jingdong's stock price gap opened higher and jumped directly to a high of $ 44.12-described by capital market discourse, which is the standard "beyond expectations".
From Q1 to the present, JD has been profitable for four consecutive quarters. Regardless of whether it is intensifying the platform or attacking the sinking market, the past year can be regarded as the year of Jingdong's transformation. According to JD's positioning for itself, it has "became a supply chain Based technology and service companies. "
On March 2, 2020, JD.com released its full-year and fourth-quarter financial results for 2019. The financial report shows that in 2019, JD.com achieved net income of 576.9 billion yuan, an increase of 24.9% year-on-year; net profit attributable to mothers reached 12.2 billion yuan, and non-US GAAP net profit attributable to mothers was 10.7 billion yuan, an increase of 211% year-on-year. Among them, the fourth quarter realized operating income of 170.7 billion yuan, an increase of 26.6% year-on-year; net profit attributable to mothers was 3.633 billion yuan, while a loss of 4.805 billion yuan in the same period last year.
It is estimated that the 2020/2021/2022 revenue will be 678.930 billion yuan / 8211.19 billion yuan / 973.268 billion yuan. Non-GAAP net profit attributable to the parent will be 12.166 billion yuan / 160.12 billion yuan / 20.713 billion yuan. According to DCF valuation, the target Price $ 46.1 / ADS
It is expected that the company's adjusted net profit attributable to mothers will reach 13.77 billion yuan / 18.82 billion yuan / 23.45 billion yuan in 2020-2022, a year-on-year increase of 28.1% / 36.7% / 24.6%, corresponding to a current market value of 30.5x / 22.3x /17.9x.