Back to top

Bear of the Day: JD.com (JD)

Read MoreHide Full Article

Key Takeaways

  • JD.com is a leading Chinese e-commerce company.
  • However, the company faces lingering growth concerns.
  • Additionally, JD shares exhibit troubling relative weakness vs. its peers.

JD.com Company Overview

Based in Beijing, Zacks Rank #5 (Strong Sell) stock JD.com ((JD - Free Report) ) one of the largest Chinese e-commerce and technology companies. Also known as Jingdong, JD.com separates itself from the competition by being an essentially vertically integrated e-commerce retailer. JD holds its own inventory, is responsible for its own logistics and deliveries, and provides its own customer service. JD is similar to Amazon ((AMZN - Free Report) ) in that it sells a wide variety of products on its e-commerce platform, including clothing, groceries, electronics, and more. Beyond e-commerce, JD also operates health, technology, real estate, and industrial segment businesses. Additionally, JD owns Ochama, a European-based retail brand with operations in the Netherlands France, and Poland.

JD Suffers from Relative Price Weakness Vs. Peers

Legendary growth investor William O’Neil once proclaimed that Wall Street’s great paradox is, “Stocks that seem too high in price and risky for most investors usually go higher and stocks that seem low and cheap often go lower.” I have largely discovered that more often than not, O’Neil’s paradox comes to fruition. That’s bad news for JD shares, which trade at $30 and are well off their all-time high of >$100. Additionally, relative price action can provide investors with valuable clues. Currently, JD shares exhibit troubling relative weakness and are -15.02% over the past year, far underperforming top competitors like Pinduoduo ((PDD - Free Report) ) and Alibaba ((BABA - Free Report) which are up 20.76% and 83.76% respectively.

Zacks Investment Research
Image Source: TradingView

JD: Slowing Sales Growth

JD sales growth is declining at an alarming rate. For the current quarter, Zacks Consensus Analyst Estimates suggest that earnings growth will be just 6.68%%. Meanwhile, Zacks Consensus Estimates suggest sluggish annual revenue growth of 5.22% in 2026.

Zacks Investment Research
Image Source: Zacks Investment Research

JD Food Delivery Business is a Headwind

JD is making an aggressive play for the Chinese food delivery market. While the number of users for the company’s Uber ((UBER - Free Report) ) Eats or DoorDash ((DASH - Free Report) ) like business has increased, the segment has produced significant losses thus far. Worse still, the company must invest significant capital maintain its reputation for fast and reliable delivery in a highly competitive market.

Bottom Line

JD.com currently face a difficult uphill battle. Between alarming slowdowns in growth and the financial strain of expansion into the competitive food deliver market, JD’s “cheap” share price may be warranted.

Published in