$JD.com(JD)$
Net revenues 39.7 Billion
Non Gaap diluted net income per ADS .74c
Q2 2024
They drove income to 1.29.
Free cash flow increased almost 70% year over year
This enabled these massive buybacks.
This company has exploded in terms of pr[Miser]ofitabilty and efficiency. Really unlike anything ever seen before.
Buybacks helped some. Net revenues increased some but very little compared to what is really driving this.
What has driven this is summed up in two letters.
Ai
They have some VERY proficient computer people who are harnessing that power.
It really tends to bold well for many businesses in the future and gives meaning to how this hype isn't just that about Ai.
JD is making massive amounts of money. They already did 3.5 Billion in buybacks this year and have now committed to another 5 Billion.
Our Forward P/e even after this run up is only 5.
I think its easy even to predict 40-50 is in our future. [Lovely][Lovely]
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