COMPARE · Reviewed August 3, 2026
PDD vs SE
Verdict: Side-by-side breakdown using the Bull Rankings model. PDD scored 69.8, SE scored 73.7 — SE leads.
Compare another set
PDD
PDD Holdings Inc.
69.8
$90.93 · $129.4B
fundamentals as of
Score gap
3.9
SE leads
SE
Sea Limited
73.7
$111.76 · $68.1B
fundamentals as of
The model, pillar by pillar (0–100 each)
PDD
stronger →← stronger
SE
89
Qualityreturns · margins · balance sheet
67
87
Growthrevenue & earnings expansion
100
79
Valuevaluation vs sector peers
60
PDD is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
PDD
SE
$15.8bA-
FCF
$4.5bB
+9.7%B
Rev
+33.2%A
0.01A
D/E
0.28A-
9.4xA
P/E
43.8xC
0.82B+
PEG
1.53C+
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
PDD
SE
62% below
Price vs fair valuelower is cheaper
9% below
~-11%/yr
Growth the price implies10-yr FCF · lower = less priced in
~12%/yr
+111%
1-yr DCF upside
-16%
+165%
5-yr DCF upside
+10%
+270%
10-yr DCF upside
+59%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
PDD
Why this score
- Durable high returns
- Foreign reporter (CNY)
SE
Why this score
- Diluting shareholders
The companies
PDDPDD Holdings Inc.
Why now
Internet Retail · market cap $129.4b. Down 35% 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 $116.45 (implying +28% 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 35% 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.
SESea Limited
Why now
Internet Retail · market cap $68.1b. Down 44% from 52-week high of $199.30 — deep drawdown territory. Revenue growing +33% — in hypergrowth territory. 28 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $142.26 (implying +27% upside).
Moat
ROE 13% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong. $68.1b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Down 44% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.51 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Trailing P/E 44x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
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.