Discounted Cash Flow

Dingdong (Cayman) Ltd. ADR

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

Average annual growth rates

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

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)
2019 $3.9b $-277.3m $-142.9m -7.1% $-32.45
2020 $11.3b (192.2%) $-470.2m (-69.6%) $-341.0m (-138.6%) -4.1% (42.0%) $-54.91 (-69.2%)
2021 $3.2b (-72.1%) $-149.3m (68.2%) $-849.1m (-149.0%) -4.7% (-14.0%) $-103.50 (-88.5%)
2022 $3.5b (11.2%) $-17.3m (88.4%) $10.2m (101.2%) -0.5% (89.6%) $-7.53 (92.7%)
2023 $2.8b (-19.9%) $-1.9m (89.0%) $-36.5m (-457.2%) -0.1% (86.3%) $-0.93 (87.6%)
2024 $3.2b (12.3%) $6.2m (424.4%) $6.2m (116.9%) 0.2% (388.7%) $2.73 (393.5%)
2025 $3.5b (10.2%) $4.9m (-20.6%) $75.5m (1123.2%) 0.1% (-27.9%) $2.04 (-25.3%)

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