Discounted Cash Flow

Ihuman Inc. ADR

IH · 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)
2018 $131.9m $-2.6m $-744.9k -2.0% $-0.11
2019 $218.7m (65.8%) $-40.8m (-1465.5%) $6.0m (899.4%) -18.7% (-844.1%) $-1.52 (-1281.8%)
2020 $81.5m (-62.7%) $-849.8k (97.9%) $-849.8k (-114.3%) -1.0% (94.4%) $-0.21 (86.2%)
2021 $148.2m (81.9%) $-860.4k (-1.3%) $877.8k (203.3%) -0.6% (44.3%) $-0.02 (90.5%)
2022 $142.9m (-3.6%) $2.4m (373.9%) $2.4m (168.5%) 1.6% (384.1%) $0.06 (400.0%)
2023 $143.4m (0.4%) $3.8m (60.0%) $24.5m (940.2%) 2.6% (59.4%) $0.10 (66.7%)
2024 $126.3m (-11.9%) $2.0m (-47.0%) $7.6m (-69.1%) 1.6% (-39.8%) $0.05 (-50.0%)
2025 $115.4m (-8.7%) $2.0m (1.0%) $6.9m (-9.2%) 1.7% (10.6%) $0.05 (0.0%)

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