2024-04-08 07:06:01 ET
Summary
- PDD Holdings is a secretive company with strong growth and free cash flows, making its stock cheap at 13x forward free cash flow.
- The company has nearly $7.5 billion of net cash and could easily repay its convertible notes.
- PDD has the potential for 60% CAGR in 2024 and could see $15 billion of free cash flow, making its current valuation of 13x free cash flow undervalued.
Investment Thesis
PDD Holdings ( PDD ) delivered very strong results. The company is extremely secretive and keeps its prospects very close to its chest....
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PDD Holdings: I'm Buying This Now