Discounted Cash Flow

9F Inc. ADR

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

DCF estimate unavailable — loss_in_2024

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)
2017 $73.6m $-18.7m $-18.7m -25.4% $3.23
2018 $5.6b (7445.6%) $983.0k (105.3%) $348.3m (1961.1%) 0.0% (100.1%) $10.57 (227.2%)
2019 $635.6m (-88.6%) $-880.6k (-189.6%) $-63.7m (-118.3%) -0.1% (-883.1%) $-1.79 (-116.9%)
2020 $192.5m (-69.7%) $-1.1m (-29.7%) $-1.1m (98.2%) -0.6% (-328.3%) $-1.74 (2.8%)
2021 $761.5m (295.6%) $-183.8k (83.9%) $-34.1m (-2886.1%) -0.0% (95.9%) $-0.17 (90.2%)
2022 $561.7m (-26.2%) $29.1k (115.8%) $9.4m (127.6%) 0.0% (121.5%) $-0.37 (-117.6%)
2023 $412.4m (-26.6%) $23.6k (-18.9%) $9.3m (-1.3%) 0.0% (10.5%) $-0.08 (78.4%)
2024 $310.0m (-24.8%) $-25.7k (-208.8%) $6.9m (-25.6%) -0.0% (-244.8%) $0.03 (137.5%)
2025 $289.9m (-6.5%) $120.6k (569.4%) $30.8m (346.7%) 0.0% (601.9%) $0.10 (233.3%)

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

loss_in_2024

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