DINGDONG (CAYMAN) LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.34 USD | +6.35% |
|
+16.52% | -10.67% |
| Mar. 05 | JPMorgan Adjusts Price Target on Dingdong to $1.15 From $1.40, Keeps Underweight Rating | MT |
| Feb. 29 | Transcript : Dingdong Limited, Q4 2023 Earnings Call, Feb 29, 2024 |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 24,246 | 6,373 | 2,303 | 1,982 | - | - |
| Enterprise Value (EV) 1 | 22,193 | 4,115 | 293.5 | 365.8 | 146.3 | 405.5 |
| P/E ratio | -1.98 x | -11.7 x | -34.3 x | 33.2 x | 8 x | - |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.2 x | 0.26 x | 0.12 x | 0.1 x | 0.09 x | 0.1 x |
| EV / Revenue | 1.1 x | 0.17 x | 0.01 x | 0.02 x | 0.01 x | 0.02 x |
| EV / EBITDA | -3.63 x | -12.8 x | - | 1.31 x | 0.27 x | 1.06 x |
| EV / FCF | -3.63 x | -104 x | - | 6.1 x | 0.5 x | - |
| FCF Yield | -27.6% | -0.96% | - | 16.4% | 199% | - |
| Price to Book | 30.5 x | 20.5 x | 9.04 x | 4.48 x | 2.88 x | 4.13 x |
| Nbr of stocks (in thousands) | 236,051 | 216,399 | 216,324 | 217,320 | - | - |
| Reference price 2 | 102.7 | 29.45 | 10.65 | 9.701 | 9.701 | 9.701 |
| Announcement Date | 2/15/22 | 2/13/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,336 | 20,121 | 24,221 | 19,971 | 20,607 | 22,067 | 19,920 |
| EBITDA 1 | - | -6,117 | -322.7 | - | 279.2 | 547.8 | 383.6 |
| EBIT 1 | - | -6,330 | -708.8 | -130.1 | 185.9 | 361.2 | - |
| Operating Margin | - | -31.46% | -2.93% | -0.65% | 0.9% | 1.64% | - |
| Earnings before Tax (EBT) 1 | - | -6,420 | -800.1 | -71.86 | 17 | 276 | 118 |
| Net income 1 | -3,177 | -6,429 | -814.4 | -99.88 | 62.43 | 220.7 | 118 |
| Net margin | -28.03% | -31.95% | -3.36% | -0.5% | 0.3% | 1% | 0.59% |
| EPS 2 | - | -51.75 | -2.510 | -0.3100 | 0.2919 | 1.213 | - |
| Free Cash Flow 1 | - | -6,118 | -39.52 | - | 60 | 290.5 | - |
| FCF margin | - | -30.41% | -0.16% | - | 0.29% | 1.32% | - |
| FCF Conversion (EBITDA) | - | - | - | - | 21.49% | 53.03% | - |
| FCF Conversion (Net income) | - | - | - | - | 96.1% | 131.62% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 4/16/21 | 2/15/22 | 2/13/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,189 | 5,484 | 5,444 | 6,634 | 5,943 | 6,201 | 4,997 | 4,841 | 5,140 | 4,993 | 4,872 | 4,972 | 5,268 | 5,160 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -2,019 | -1,040 | - | -0.239 | -312 | 52 | -50.06 | -49.56 | -8.628 | -21.88 | -49 | -5 | 6 | 10 |
| Operating Margin | -32.62% | -18.96% | - | -0% | -5.25% | 0.84% | -1% | -1.02% | -0.17% | -0.44% | -1.01% | -0.1% | 0.11% | 0.19% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | -2,011 | -1,096 | -478.8 | -36.49 | -346.9 | 47.81 | -54.45 | -38.73 | -0.083 | -6.618 | -31 | 13 | 24 | 28 |
| Net margin | -32.48% | -19.99% | -8.8% | -0.55% | -5.84% | 0.77% | -1.09% | -0.8% | -0% | -0.13% | -0.64% | 0.26% | 0.46% | 0.54% |
| EPS | -6.190 | -3.380 | -1.480 | -0.1100 | -1.070 | 0.1500 | -0.1700 | - | - | -0.0200 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/15/21 | 2/15/22 | 6/15/22 | 8/11/22 | 11/11/22 | 2/13/23 | 5/12/23 | 9/1/23 | 11/16/23 | 2/29/24 | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 2,052 | 2,258 | 2,009 | 1,617 | 1,836 | 1,577 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -6,118 | -39.5 | - | 60 | 291 | - |
| ROE (net income / shareholders' equity) | - | - | -111% | 10.6% | 21.1% | 35.9% | 29.2% |
| ROA (Net income/ Total Assets) | - | -89.6% | -6.15% | 0.43% | 2.23% | 4.4% | - |
| Assets 1 | - | 7,172 | 13,234 | -23,200 | 2,794 | 5,017 | - |
| Book Value Per Share 2 | - | 3.360 | 1.430 | 1.180 | 2.170 | 3.370 | 2.350 |
| Cash Flow per Share 2 | - | -43.70 | 0.4000 | - | 2.180 | 1.890 | - |
| Capex 1 | - | 452 | 127 | - | 160 | 153 | - |
| Capex / Sales | - | 2.24% | 0.52% | - | 0.78% | 0.69% | - |
| Announcement Date | 4/16/21 | 2/15/22 | 2/13/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
9.701
CNY
Average target price
15.26
CNY
Spread / Average Target
+57.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.67% | 274M | |
| -1.42% | 184B | |
| -13.32% | 180B | |
| -6.96% | 91.88B | |
| +36.02% | 91.6B | |
| -8.47% | 71.28B | |
| +13.69% | 53.58B | |
| +20.73% | 10.05B | |
| -10.53% | 8.53B | |
| -15.14% | 5.59B |
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- Financials Dingdong (Cayman) Limited
