Discounted Cash Flow

Ehang Holdings Ltd. ADR

EH · 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)
2017 $31.7m $127.0k $127.0k 0.4%
2018 $66.5m (109.8%) $-199.8k (-257.3%) $-199.8k (-257.3%) -0.3% (-175.0%)
2019 $121.8m (83.2%) $81.5k (140.8%) $-8.6m (-4215.4%) 0.1% (122.3%)
2020 $180.1m (47.8%) $-654.4k (-902.5%) $-654.4k (92.4%) -0.4% (-642.8%)
2021 $56.8m (-68.5%) $-9.3k (98.6%) $-20.3m (-3004.3%) -0.0% (95.5%)
2022 $44.3m (-22.0%) $164.3k (1861.9%) $164.3k (100.8%) 0.4% (2358.5%)
2023 $117.4m (165.0%) $94.9k (-42.3%) $-14.2m (-8770.5%) 0.1% (-78.2%)
2024 $456.2m (288.5%) $37.9k (-60.1%) $17.6m (223.6%) 0.0% (-89.7%)
2025 $418.0m (-8.4%) $64.2k (69.5%) $-48.5m (-375.1%) 0.0% (85.0%)

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