PDDUS marketBusiness services· Services-Business Services, NEC
FAIR VALUE (BLENDED)
$99.37
CURRENT PRICE
$86.05
Computed today from SEC 10-K data
This is a Chinese company trading as a US-listed ADR. Know the structural risks the numbers can't price: you typically own a Cayman shell with contractual (VIE) claims, not the operating company; accounting trust is lower; regulatory or state action can reprice it overnight (2021); capital controls can trap cash; and ADR delisting risk persists. We've discounted the valuation hard for this tier (lower multiples + a higher discount rate) and capped confidence.
Still below fair value — you own a discount; the discipline says hold.
Sell guidance from the valuation — not financial advice. The call is yours.
Plain-language read on what each number means — and which to trust for this company.
N/A — non-positive base FCF
$111.15
$87.59
Net-net value (NCAV): $29.16
N/A — non-positive owner earnings
Filing dates from SEC EDGAR. Earnings & ex-dividend dates from Yahoo Finance (best-effort).
Figures from SEC Form 10-K filings (EDGAR). Industry cost-of-capital and multiples from Damodaran / NYU Stern. Computed Jul 21, 2026.