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Dingdong (Cayman) Limited (DDL) 10-Year Financial Performance & Capital Metrics

DDL • • Industrial / General
Consumer DefensiveGrocery StoresDigital Grocery PlatformsOnline Fresh Food Retailers
AboutDingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh produce, meat, seafood, prepared food, and other food products, such as dairy and bakery products, snacks, oil, seasonings, and beverages. It operates as a self-operated online retail business primarily through Dingdong Fresh. The company was founded in 2017 and is headquartered in Shanghai, China.Show more
  • Revenue $23.07B +15.5%
  • EBITDA $329M +1223.0%
  • Net Income $295M +395.4%
  • EPS (Diluted) 1.35 +295.7%
  • Gross Margin 30.11% -1.8%
  • EBITDA Margin 1.43% +1045.3%
  • Operating Margin 0.93% +242.8%
  • Net Margin 1.28% +355.8%
  • ROE 41.48% +290.3%
  • ROIC 4.68% +291.5%
  • Debt/Equity 3.28 -63.9%
  • Interest Coverage 4.54 +445.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Momentum leader: RS Rating 88 (top 12%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 42.8%
  • ✓Trading at only 0.7x book value
  • ✓Efficient asset utilization: 3.2x turnover

✗Weaknesses

  • ✗High debt to equity ratio of 3.3x
  • ✗Shares diluted 56.0% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y42.83%
3Y4.66%
TTM15.14%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM384.99%

EPS CAGR

10Y-
5Y-
3Y-
TTM297.26%

ROCE

10Y Avg-462.28%
5Y Avg-462.28%
3Y Avg-15.41%
Latest14.12%

Peer Comparison

Online Fresh Food Retailers
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Size & Scale
Valuation
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Growth
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Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DDLDingdong (Cayman) Limited490.71M2.722.0115.5%1.38%30.81%100%3.28

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.88B11.34B20.12B24.22B19.97B23.07B
Revenue Growth %-1.92%0.78%0.2%-0.18%0.15%
Cost of Goods Sold+3.22B9.11B16.08B16.74B13.85B16.12B
COGS % of Revenue0.83%0.8%0.8%0.69%0.69%0.7%
Gross Profit+664.94M2.23B4.04B7.49B6.12B6.95B
Gross Margin %0.17%0.2%0.2%0.31%0.31%0.3%
Gross Profit Growth %-2.35%0.81%0.85%-0.18%0.13%
Operating Expenses+2.41B5.39B10.37B8.29B6.25B6.73B
OpEx % of Revenue0.62%0.48%0.52%0.34%0.31%0.29%
Selling, General & Admin2.32B1.03B9.47B1.12B751.93M947.46M
SG&A % of Revenue0.6%0.09%0.47%0.05%0.04%0.04%
Research & Development91.14M321.7M905.01M1B802.89M799.97M
R&D % of Revenue0.02%0.03%0.04%0.04%0.04%0.03%
Other Operating Expenses04.04B06.16B4.7B4.98B
Operating Income+-1.74B-3.16B-6.33B-799.73M-130.12M214.55M
Operating Margin %-0.45%-0.28%-0.31%-0.03%-0.01%0.01%
Operating Income Growth %--0.81%-1%0.87%0.84%2.65%
EBITDA+-1.71B-3.04B-6.12B-595.52M24.88M329.15M
EBITDA Margin %-0.44%-0.27%-0.3%-0.02%0%0.01%
EBITDA Growth %--0.78%-1.01%0.9%1.04%12.23%
D&A (Non-Cash Add-back)34.73M115.35M213.08M204.21M155M114.6M
EBIT-1.82B-3.14B-6.33B-666.43M27.09M367.71M
Net Interest Income+-32.64M-22.51M-39.83M-40.68M58.53M107.13M
Interest Income25.49M16.24M45.32M93.03M157.49M154.43M
Interest Expense58.13M38.76M85.15M133.71M98.95M47.3M
Other Income/Expense-132.05M-17.43M-89.67M-415K58.26M105.86M
Pretax Income+-1.87B-3.18B-6.42B-800.14M-71.86M320.42M
Pretax Margin %-0.48%-0.28%-0.32%-0.03%-0%0.01%
Income Tax+009.37M6.74M19.42M16.02M
Effective Tax Rate %1%1%1%1.02%1.39%0.92%
Net Income+-1.87B-3.18B-6.43B-814.37M-99.88M295.08M
Net Margin %-0.48%-0.28%-0.32%-0.03%-0.01%0.01%
Net Income Growth %--0.7%-1.02%0.87%0.88%3.95%
Net Income (Continuing)-1.87B-3.18B-6.43B-806.88M-91.28M304.4M
Discontinued Operations000000
Minority Interest0030M107.49M116.09M125.4M
EPS (Diluted)+-18.18-30.22-74.29-5.60-0.691.35
EPS Growth %--0.66%-1.46%0.92%0.88%2.96%
EPS (Basic)-18.18-30.22-74.29-5.60-0.691.37
Diluted Shares Outstanding106.29M106.29M86.54M144.15M144.43M225.29M
Basic Shares Outstanding106.29M106.29M86.54M144.15M132M216.33M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.46B3.03B6.52B7.5B6.15B5.37B
Cash & Short-Term Investments1.18B2.38B5.23B6.49B5.31B4.45B
Cash Only938.56M1.38B662.77M1.86B1.21B887.43M
Short-Term Investments241.38M1.01B4.57B4.64B4.1B3.56B
Accounts Receivable12.3M38.8M191.52M141.47M107.88M198.36M
Days Sales Outstanding1.161.253.472.131.973.14
Inventory161.45M386.43M537.47M604.88M471.87M553.6M
Days Inventory Outstanding18.3315.4912.213.1912.4412.53
Other Current Assets102.09M219.41M556.22M256.93M261.7M54.72M
Total Non-Current Assets+656.84M1.9B2.9B1.89B1.55B1.75B
Property, Plant & Equipment616.78M1.78B2.72B1.74B1.45B1.64B
Fixed Asset Turnover6.29x6.38x7.40x13.92x13.76x14.06x
Goodwill000000
Intangible Assets000000
Long-Term Investments000000
Other Non-Current Assets40.06M121.46M185.79M145.56M96.69M111.39M
Total Assets+2.11B4.92B9.42B9.38B7.7B7.12B
Asset Turnover1.84x2.30x2.14x2.58x2.59x3.24x
Asset Growth %-1.33%0.91%-0%-0.18%-0.08%
Total Current Liabilities+2.38B4.74B7.35B8.21B6.51B5.27B
Accounts Payable775.18M1.58B2.06B1.89B1.42B1.66B
Days Payables Outstanding8863.3346.7441.1537.4937.6
Short-Term Debt613.26M1.32B3.18B4.24B3.3B1.61B
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities388.53M493.74M00331.74M75.21M
Current Ratio0.61x0.64x0.89x0.91x0.95x1.02x
Quick Ratio0.54x0.56x0.81x0.84x0.87x0.91x
Cash Conversion Cycle-68.52-46.59-31.06-25.82-23.08-21.92
Total Non-Current Liabilities+440.42M930.06M1.31B753M694.25M923.15M
Long-Term Debt193.38M58.38M0000
Capital Lease Obligations247.04M871.68M1.24B678M568.04M780.04M
Deferred Tax Liabilities000000
Other Non-Current Liabilities0069.37M75M126.21M143.12M
Total Liabilities2.82B5.67B8.66B8.96B7.2B6.19B
Total Debt+1.28B2.85B5.39B5.61B4.52B3.03B
Net Debt343.55M1.47B4.73B3.75B3.31B2.14B
Debt / Equity--7.11x13.43x9.07x3.28x
Debt / EBITDA----181.75x9.19x
Net Debt / EBITDA----133.15x6.50x
Interest Coverage-29.96x-81.52x-74.34x-5.98x-1.31x4.54x
Total Equity+-705.78M-744.67M758.07M417.67M498.62M924.01M
Equity Growth %--0.06%2.02%-0.45%0.19%0.85%
Book Value per Share-6.64-7.018.762.903.454.10
Total Shareholders' Equity-705.78M-744.67M728.07M310.18M382.53M798.61M
Common Stock1K1K4K4K4K4K
Retained Earnings-2.55B-6.05B-12.77B-13.58B-13.68B-13.38B
Treasury Stock00-7.04M-20.67M-20.67M-51.18M
Accumulated OCI30.41M-22.96M-184.24M-11.89M21.17M53.63M
Minority Interest0030M107.49M116.09M125.4M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-964.27M-2.06B-5.67B107.14M-234.61M929.03M
Operating CF Margin %-0.25%-0.18%-0.28%0%-0.01%0.04%
Operating CF Growth %--1.13%-1.76%1.02%-3.19%4.96%
Net Income-1.87B-3.18B-6.43B-806.88M-91.28M304.4M
Depreciation & Amortization34.73M115.35M213.08M204.21M155M114.6M
Stock-Based Compensation1.99M153.11M315.36M235.88M136.65M118.49M
Deferred Taxes104.7M69.22M0000
Other Non-Cash Items39.48M21.33M72.25M81.96M-430.43M13.84M
Working Capital Changes728.21M762.2M161.83M391.98M-4.54M377.7M
Change in Receivables-11.84M-26.51M-152.71M26.75M36.22M-18.75M
Change in Inventory-131.71M-224.98M-151.04M-67.41M133.01M-81.73M
Change in Payables640.89M804.77M478.68M-171.94M-464.51M238.29M
Cash from Investing+-185.63M-1.02B-4.07B-66.9M519.33M475.5M
Capital Expenditures-124.81M-248.48M-451.61M-126.89M-83.33M-98.18M
CapEx % of Revenue0.03%0.02%0.02%0.01%0%0%
Acquisitions------
Investments------
Other Investing-60.82M-10.1M10.1M-13.99M-8.14B5.1M
Cash from Financing+1.68B3.66B9.04B1.11B-934.42M-1.72B
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing206.68M158.51M9.61M71.07M3.34M548K
Net Change in Cash------
Free Cash Flow+-1.09B-2.3B-6.12B-19.75M-317.93M830.85M
FCF Margin %-0.28%-0.2%-0.3%-0%-0.02%0.04%
FCF Growth %--1.12%-1.66%1%-15.1%3.61%
FCF per Share-10.25-21.68-70.70-0.14-2.203.69
FCF Conversion (FCF/Net Income)0.51x0.65x0.88x-0.13x2.35x3.15x
Interest Paid0000046.71M
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---95941.78%-138.53%-21.8%41.48%
Return on Invested Capital (ROIC)--1306.22%-152.83%-12.42%-2.45%4.68%
Gross Margin17.14%19.68%20.1%30.91%30.66%30.11%
Net Margin-48.28%-28.03%-31.95%-3.36%-0.5%1.28%
Debt / Equity--7.11x13.43x9.07x3.28x
Interest Coverage-29.96x-81.52x-74.34x-5.98x-1.31x4.54x
FCF Conversion0.51x0.65x0.88x-0.13x2.35x3.15x
Revenue Growth-192.15%77.5%20.38%-17.55%15.5%

Revenue by Segment

2021202220232024
Product-23.94B19.72B22.74B
Product Growth---17.62%15.32%
Service224.4M281.75M249.79M323.14M
Service Growth-25.56%-11.34%29.36%

Frequently Asked Questions

Valuation & Price

Dingdong (Cayman) Limited (DDL) has a price-to-earnings (P/E) ratio of 2.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Dingdong (Cayman) Limited (DDL) reported $23.90B in revenue for fiscal year 2024. This represents a 516% increase from $3.88B in 2019.

Dingdong (Cayman) Limited (DDL) grew revenue by 15.5% over the past year. This is strong growth.

Yes, Dingdong (Cayman) Limited (DDL) is profitable, generating $330.6M in net income for fiscal year 2024 (1.3% net margin).

Dividend & Returns

Dingdong (Cayman) Limited (DDL) has a return on equity (ROE) of 41.5%. This is excellent, indicating efficient use of shareholder capital.

Dingdong (Cayman) Limited (DDL) generated $677.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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