Dingdong (Cayman) Limited ADR(DDL)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.99
10/22/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for DDL

10/22/2026: DDL (1-star) is currently NOT-A-BUY. Pass it for now.

Dingdong (Cayman) Limited is a Chinese e-commerce company specializing in the on-demand delivery of fresh groceries and household goods. The company has moved away from aggressive expansion to focus on unit profitability and its higher-margin 'Dingdong Chef' private label business. Its primary strength lies in its efficient local fulfillment infrastructure, though it faces intense competition from larger tech platforms and ongoing regulatory risks. The stock is best suited for growth-oriented investors with a high tolerance for volatility and exposure to Chinese equity markets. Key developments to monitor include its ability to achieve consistent net profitability and its success in fending off larger retail competitors.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe growth narrative has shifted toward unit profitability, making it less of a hyper-growth play than at the time of its IPO.
Momentum investorWeak fitThe stock lacks strong sustained upward momentum and remains sensitive to broader regulatory trends affecting Chinese ADRs.
Value investorMixed fitWhile the company has become more cost-conscious, valuing a volatile, loss-making, or near-breakeven e-commerce firm remains difficult.
Dividend investorWeak fitThe company does not pay a dividend and prioritizes internal capital allocation for operational improvements.
Low-risk investorWeak fitHigh exposure to regulatory, operational, and market volatility makes this unsuitable for low-risk strategies.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to sharp swings due to market sentiment regarding Chinese ADRs.
Valuation riskMedium / highValuations are heavily dependent on future profitability targets that are difficult to predict.
Competition risk (Large-cap Tech)HighPowerful competitors like Pinduoduo and Meituan exert constant margin pressure.
Business qualityMediumThe business model is operationally complex and capital-intensive.
Dividend incomeLow / noneInvestors should not expect any income from this holding.
Execution riskMedium / highSuccess depends on consistent efficiency in localized supply chain management.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 18.88%
Avg. Invested days 24
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/22/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DDL receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
DDL has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-24.9%), soft cash generation (FCF margin 1.4%), moderate revenue growth (+5.6%).

Financial Health Rating

★★★★★
DDL's financial health is supported by solid cash strength, including free-cash-flow generation (1.4% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is DDL's strongest growth driver at +5.6% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while earnings growth (-24.9%, negative) and free-cash-flow growth (-58.1%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 38.0% (moderate) and 65.8% of outstanding shares are publicly tradable (solid). Insider ownership is only 0.20%, which materially reduces the ownership score.

Top 5 Institutional Investors

Capital Today Evergreen Fund, L.P. 5.43%
Galileo (PTC) Ltd 5.36%
HSG Holding Ltd 4.62%
Boundless Plain Holdings Ltd 3.65%
Junked Platinum Investment Management Ltd 2.97%

Unit Economics (Per $1K Revenue)

★★★★★
DDL generates approximately $292 of gross profit, $5 of operating income, and $14 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins explain the 2-star rating, with moderate cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 3.80%

Quantitative Style Profile

★★★★★
DDL has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 446.06M USD
Price to earnings Ratio -
1Y Target Price 3.4
Price to earnings Ratio -
1Y Target Price 3.4
Volume (30-day avg) 266.6K shares
Beta 0.58
52 Weeks Range 1.65 - 3.41
Updated Date 10/22/2026
52 Weeks Range 1.65 - 3.41
Updated Date 10/22/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.02

How Company Makes Money

Business areaWhat it includesRetail investor read
Direct-to-Consumer Fresh FoodSale of groceries and daily essentials via mobile app.The company earns money by selling groceries at a markup over the cost of goods sold.
Private Label GoodsDingdong Chef and other proprietary brands.These products typically have higher profit margins than third-party goods.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 3.34
Enterprise Value 238.27M
Price to Sales(TTM) 0.02
Enterprise Value 238.27M
Price to Sales(TTM) 0.02
Enterprise Value to Revenue 0.07
Enterprise Value to EBITDA 7.62
Shares Outstanding 182.29M
Shares Floating 119.93M
Shares Outstanding 182.29M
Shares Floating 119.93M
Percent Insiders 0.2
Percent Institutions 37.96

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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