WallStSmart

PDD Holdings Inc. (PDD)vsWinmark Corporation (WINA)

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Smart Verdict

WallStSmart Research — data-driven comparison

PDD Holdings Inc. generates 520817% more annual revenue ($450.78B vs $86.53M). WINA leads profitability with a 47.1% profit margin vs 20.4%. PDD appears more attractively valued with a PEG of 0.69. PDD earns a higher WallStSmart Score of 75/100 (B).

PDD

Strong Buy

75

out of 100

Grade: B

Growth: 6.0Profit: 8.0Value: 9.3Quality: 8.0
Piotroski: 2/9Altman Z: 3.69

WINA

Hold

49

out of 100

Grade: D+

Growth: 4.0Profit: 8.5Value: 5.7Quality: 9.0
Piotroski: 4/9Altman Z: 7.11
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PDDUndervalued (+69.6%)

Margin of Safety

+69.6%

Fair Value

$351.65

Current Price

$77.57

$274.08 discount

UndervaluedFair: $351.65Overvalued

Intrinsic value data unavailable for WINA.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PDD6 strengths · Avg: 9.7/10
P/E RatioValuation
8.5x10/10

Attractively priced relative to earnings

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Free Cash FlowQuality
$25.67B10/10

Generating 25.7B in free cash flow

Altman Z-ScoreHealth
3.6910/10

Safe zone — low bankruptcy risk

Market CapQuality
$112.31B9/10

Large-cap with strong market position

Return on EquityProfitability
20.8%9/10

Every $100 of equity generates 21 in profit

WINA4 strengths · Avg: 10.0/10
Profit MarginProfitability
47.1%10/10

Keeps 47 of every $100 in revenue as profit

Operating MarginProfitability
62.1%10/10

Strong operational efficiency at 62.1%

Debt/EquityHealth
-1.6510/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
7.1110/10

Safe zone — low bankruptcy risk

Areas to Watch

PDD2 concerns · Avg: 2.5/10
Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

EPS GrowthGrowth
-11.2%2/10

Earnings declined 11.2%

WINA4 concerns · Avg: 3.0/10
P/E RatioValuation
26.7x4/10

Moderate valuation

Market CapQuality
$1.06B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

EPS GrowthGrowth
-2.8%2/10

Earnings declined 2.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : PDD

The strongest argument for PDD centers on P/E Ratio, Debt/Equity, Free Cash Flow. Profitability is solid with margins at 20.4% and operating margin at 24.7%. PEG of 0.69 suggests the stock is reasonably priced for its growth.

Bull Case : WINA

The strongest argument for WINA centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 47.1% and operating margin at 62.1%. PEG of 1.41 suggests the stock is reasonably priced for its growth.

Bear Case : PDD

The primary concerns for PDD are Piotroski F-Score, EPS Growth.

Bear Case : WINA

The primary concerns for WINA are P/E Ratio, Market Cap, Return on Equity.

Key Dynamics to Monitor

WINA carries more volatility with a beta of 0.51 — expect wider price swings.

PDD is growing revenue faster at 8.1% — sustainability is the question.

PDD generates stronger free cash flow (25.7B), providing more financial flexibility.

Monitor INTERNET RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

PDD scores higher overall (75/100 vs 49/100), backed by strong 20.4% margins. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

PDD Holdings Inc.

CONSUMER CYCLICAL · INTERNET RETAIL · China

Pinduoduo Inc., operates an electronic commerce platform in the People's Republic of China. The company is headquartered in Shanghai, the People's Republic of China.

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Winmark Corporation

CONSUMER CYCLICAL · SPECIALTY RETAIL · USA

Winmark Corporation is a franchisor of five retail store concepts that buy, sell, trade and consign used merchandise primarily in the United States and Canada. The company is headquartered in Minneapolis, Minnesota.

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