Discounted Cash Flow

Concord Medical Services Holdings Ltd. ADR

CCM · Based on 10 years of SEC filings · Converted from CNY to USD

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $65.5m $-5.6m $-13.3m -8.5% $-0.29
2017 $50.9m (-22.4%) $-6.5m (-15.9%) $1.9m (114.2%) -12.8% (-49.3%)
2018 $27.8m (-45.4%) $-5.1m (21.8%) $-9.3m (-593.3%) -18.3% (-43.2%)
2019 $28.5m (2.6%) $-6.5m (-29.1%) $-34.0m (-265.0%) -23.0% (-25.8%)
2020 $34.2m (20.0%) $-7.1m (-7.7%) $-37.9m (-11.7%) -20.6% (10.2%)
2021 $76.2m (123.0%) $-6.3m (10.3%) $-59.8m (-57.8%) -8.3% (59.8%)
2022 $68.4m (-10.2%) $-10.5m (-66.7%) $-37.0m (38.2%) -15.4% (-85.6%) $-0.54
2023 $75.7m (10.6%) $-6.2m (40.9%) $-43.4m (-17.4%) -8.2% (46.6%) $-0.32 (40.7%)
2024 $52.6m (-30.5%) $-6.3m (-0.7%) $-62.1m (-43.1%) -11.9% (-44.9%) $-0.32 (0.0%)
2025 $65.9m (25.2%) $-2.0m (68.6%) $-2.0m (96.8%) -3.0% (74.9%) $-0.10 (68.8%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in CNY. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.