Discounted Cash Flow

Youdao, Inc. ADR

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

DCF estimate unavailable — only_2_profitable_out_of_10

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
2017 $455.7m $-20.1m $-14.5m -4.4% $-2.04
2018 $731.6m (60.5%) $-35.5m (-76.9%) $-16.9m (-16.6%) -4.9% (-10.2%) $-2.80 (-37.3%)
2019 $187.4m (-74.4%) $-13.6m (61.7%) $-8.3m (50.8%) -7.3% (-49.4%) $-0.96 (65.7%)
2020 $485.4m (159.0%) $-39.9m (-193.4%) $-48.6m (-483.5%) -8.2% (-13.3%) $-2.38 (-147.9%)
2021 $630.2m (29.8%) $-20.9m (47.7%) $-201.4m (-314.5%) -3.3% (59.7%) $-1.28 (46.2%)
2022 $726.8m (15.3%) $-15.5m (25.6%) $-91.0m (54.8%) -2.1% (35.5%) $-0.85 (33.6%)
2023 $759.1m (4.4%) $-11.5m (25.9%) $-65.4m (28.1%) -1.5% (29.0%) $-0.64 (24.7%)
2024 $770.7m (1.5%) $1.7m (114.5%) $-10.3m (84.2%) 0.2% (114.3%) $0.10 (115.6%)
2025 $845.0m (9.6%) $15.9m (853.1%) $7.6m (174.1%) 1.9% (769.4%) $0.13 (30.0%)

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

only_2_profitable_out_of_10

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