As of 2025-05-16, the Intrinsic Value of JD.Com Inc (9618.HK) is 164.16 HKD. This 9618.HK valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 135.40 HKD, the upside of JD.Com Inc is 21.20%.
The range of the Intrinsic Value is 139.09 - 203.74 HKD
Based on its market price of 135.40 HKD and our intrinsic valuation, JD.Com Inc (9618.HK) is undervalued by 21.20%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 139.09 - 203.74 | 164.16 | 21.2% |
| DCF (Growth 10y) | 159.39 - 234.27 | 188.56 | 39.3% |
| DCF (EBITDA 5y) | 138.62 - 228.27 | 174.75 | 29.1% |
| DCF (EBITDA 10y) | 158.82 - 254.21 | 196.34 | 45.0% |
| Fair Value | 349.46 - 349.46 | 349.46 | 158.09% |
| P/E | 261.72 - 320.66 | 297.15 | 119.5% |
| EV/EBITDA | 106.47 - 241.66 | 165.02 | 21.9% |
| EPV | 69.28 - 91.44 | 80.36 | -40.6% |
| DDM - Stable | 70.72 - 138.58 | 104.65 | -22.7% |
| DDM - Multi | 68.38 - 111.54 | 85.37 | -36.9% |
| Market Cap (mil) | 430,527.30 |
| Beta | 1.62 |
| Outstanding shares (mil) | 3,179.67 |
| Enterprise Value (mil) | 382,926.97 |
| Market risk premium | 5.98% |
| Cost of Equity | 11.96% |
| Cost of Debt | 6.57% |
| WACC | 10.95% |