《專題》券商對京東(09618.HK)與中外同業淨利潤率、股本回報率與估值預測比較
據瑞信於5月5日發表報告,列出對京東(09618.HK)與中外同業淨利潤率及股本回報率預測,由於京東採取自主營運模式,其淨利潤率會較平台商如阿里巴巴為低,但京東自營模式的總體收入亦會較平台商為高:
內地電商
股份│今年淨利潤率預測│今年股本回報率預測
京東(09618.HK)│1.8%│8%
阿里巴巴(09988.HK)│25%│13%
拼多多(PDD.US)│-│-10%
全球電商
股份│今年淨利潤率預測│今年股本回報率預測
Amazon│3%│21%
Ebay│23%│77%
阿根廷MercadoLibre│-3%│-7%
德國Zalando│0%│-6%
日本樂天│-1%│3%
估值比較:
股份│今年預測市盈率│明年預測市盈率
京東(JD.US)│33倍│21.7倍
阿里巴巴(BABA.US)│22.8倍│18.7倍
拼多多(PDD.US)│-│56.8倍
Amazon│75倍│47.5倍
Ebay│14倍│12.5倍
阿根廷MercadoLibre│-│-
德國Zalando│-│104.4倍
日本樂天│43.2倍│35.4倍
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.