COMPARE · Data as of August 24, 2026
CPNG vs PDD
Verdict: Side-by-side breakdown using the Bull Rankings model. CPNG scored 49.9, PDD scored 68.1 — PDD leads.
Compare another set
Different reporting periods. CPNG's fundamentals are as of June 2026, but PDD's are as of December 2025 — a 6-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
CPNG
Coupang, Inc.
49.9
$16.44 · $29.6B
fundamentals as of
Score gap
18.2
PDD leads
PDD
PDD Holdings Inc.
68.1
$87.07 · $123.9B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- Fastest growthCPNG+9.9%
- Strongest balance sheetPDD0.01
- Highest qualityPDD89 / 100
- Largest discount to fair valuePDD-64%
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
CPNG
stronger →← stronger
PDD
25
Qualityreturns · margins · balance sheet
89
72
Growthrevenue & earnings expansion
81
68
Valuevaluation vs sector peers
79
PDD is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
CPNG
PDD
$99mC-
FCF
$15.9bA-
+9.9%B
Rev
+9.7%B
1.89C+
D/E
0.01A
0.8xB+
P/S
—
0.45A
PEG
0.82B+
—
P/E
9.2xA
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
CPNG
PDD
1333% above
Price vs fair valuelower is cheaper
64% below
>60%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-12%/yr
-95%
1-yr DCF upside
+122%
-93%
5-yr DCF upside
+179%
-90%
10-yr DCF upside
+289%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
CPNG
No notable signals flagged.
PDD
Why this score
- Durable high returns
- Foreign reporter (CNY)
The companies
CPNGCoupang, Inc.
Why now
Internet Retail · market cap $29.6b. Down 52% from 52-week high of $34.08 — deep drawdown territory. PEG 0.45 — paying under fair value for the growth rate. 18 sell-side analysts rate this a Buy with a mean 1-yr target of $23.82 (implying +45% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Currently unprofitable (margin -2.2%) — path to GAAP profitability is the core thesis risk. Down 52% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. ROE -26% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.
PDDPDD Holdings Inc.
Why now
Internet Retail · market cap $123.9b. Down 38% from 52-week high of $139.41 — deep drawdown territory. PEG 0.82 — paying under fair value for the growth rate. 34 sell-side analysts rate this a Buy with a mean 1-yr target of $116.89 (implying +34% upside).
Moat
Net margin 23% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 24% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 112% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Down 38% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. E-commerce competition — Amazon, Walmart, Shein, and Temu have each forced the rest of the category to compete on price, fulfillment speed, or assortment; sustaining margins requires one of those being structurally defended.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where CPNG and PDD diverge
On the headline score the gap is 18.2 points in favor of PDD. The widest single difference is Quality, where PDD leads by 63.8 points.
- QualityCPNG 25.5 · PDD 89.3PDD +63.8
- ValueCPNG 68.1 · PDD 79.2PDD +11.1
- GrowthCPNG 71.7 · PDD 81.1PDD +9.4
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.