Dingdong (Cayman) Ltd. (DDL) intrinsic value & 10-year financials

Dingdong (Cayman) Ltd. (DDL) has a Graham intrinsic value of $120.83 per share. Over the last 8 fiscal years revenue grew 35.8% a year to $24.4B, with an average return on invested capital of 17.2%.

Graham intrinsic value
$120.83
Revenue (FY2025)
$24.4B
Revenue growth (8-yr CAGR)
35.8%
ROIC (10-yr avg)
17.2%
Free cash flow (FY2025)
$357.8M

DDL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $24.4B $231.7M — $357.8M 0.5% 6.3%
FY2024 $23.1B $304.4M — $830.9M 0.9% 7.6%
FY2023 $20.0B -$91.3M — -$317.9M -0.7% -12.0%
FY2022 $24.2B -$806.9M — -$39.5M -3.1% -305.6%
FY2021 $20.1B -$6.4B — -$6.1B -31.5% 257.7%
FY2020 $11.3B -$3.2B -$54.91 -$2.3B -27.9% 50.4%
FY2019 $3.9B -$1.9B — -$1.1B -44.9% 116.1%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Dingdong (Cayman) Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Dingdong (Cayman) Ltd returns on capital have been average, hovering around 8.6% ROIC over the decade.

Dingdong (Cayman) Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Dingdong (Cayman) Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $120.83 per share.

DDL stock: frequently asked questions

What is the intrinsic value of Dingdong (Cayman) Ltd. (DDL) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, DDL's intrinsic value is about $120.83 per share.

Does Dingdong (Cayman) Ltd. generate free cash flow?

Dingdong (Cayman) Ltd. generated $357.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 7 reported years.

What is DDL's return on invested capital?

Average ROIC over the last 8 fiscal years was 17.2%, and average return on equity was 49.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DDL data come from?

From Dingdong (Cayman) Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 24, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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