JD.com (NASDAQ:JD) showed up on my screeners as it is currently trading near its 52-week low. The company is a leading Chinese E-commerce/logistics firm trading at FY19 prices, and ~1/3 of FY22 sales. Upon reading its last 3 annual reports, I believe JD.com is undervalued at $36 per ADS share. I believe that the intrinsic value of JD.com is at least $82 per ADS share, with a free call option on growth. Hence, I am recommending a LONG position in the company’s common equity. JD.com is a Chinese E-commerce and logistic company headquartered in Beijing.