Discounted Cash Flow

Finvolution Group ADR

FINV · 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)
2016 $1.2b $74.2m 6.1% $-0.09
2017 $598.8m (-50.5%) $24.6m (-66.8%) $40.3m 4.1% (-33.0%) $-2.55 (-2704.9%)
2018 $623.6m (4.1%) $53.1m (115.7%) $38.8m (-3.9%) 8.5% (107.2%) $0.24 (109.4%)
2019 $6.0b (856.2%) $50.4m (-5.1%) $-5.6m (-114.5%) 0.8% (-90.1%) $0.22 (-6.8%)
2020 $7.6b (26.8%) $44.7m (-11.3%) $49.8m (986.9%) 0.6% (-30.1%) $0.20 (-10.5%)
2021 $9.5b (25.2%) $58.3m (30.2%) $13.4m (-73.2%) 0.6% (4.0%) $0.28 (40.0%)
2022 $11.1b (17.6%) $48.6m (-16.5%) $33.9m (154.1%) 0.4% (-29.0%) $0.23 (-17.9%)
2023 $12.5b (12.7%) $48.8m (0.3%) $190.2m (460.5%) 0.4% (-11.0%) $0.24 (4.3%)
2024 $1.8b (-85.7%) $48.3m (-1.0%) $427.6m (124.8%) 2.7% (594.1%) $0.25 (4.2%)
2025 $1.9b (8.4%) $53.8m (11.4%) $274.6m (-35.8%) 2.8% (2.7%) $0.29 (16.0%)

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