Discounted Cash Flow

Jinkosolar Holding Co., Ltd. ADR

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

DCF estimate unavailable — loss_in_2025

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 $3.1b $38.9m $-80.5m 1.3%
2017 $4.1b (32.0%) $3.2m (-91.7%) $-53.6m (33.5%) 0.1% (-93.7%)
2018 $3.6b (-10.5%) $8.7m (171.4%) $-38.9m (27.4%) 0.2% (203.2%)
2019 $4.3b (17.3%) $19.1m (118.3%) $-40.1m (-3.1%) 0.4% (86.1%) $0.76
2020 $5.4b (26.0%) $5.2m (-72.6%) $-78.6m (-95.8%) 0.1% (-78.3%) $0.20 (-73.7%)
2021 $6.4b (19.0%) $16.7m (220.4%) $16.7m (121.3%) 0.3% (169.3%) $0.59 (195.0%)
2022 $12.1b (88.1%) $13.3m (-20.5%) $-1.1b (-6796.9%) 0.1% (-57.7%) $0.45 (-23.7%)
2023 $16.7b (38.7%) $71.9m (439.7%) $71.9m (106.4%) 0.4% (289.2%) $2.34 (420.0%)
2024 $405.2m (-97.6%) $1.1m (-98.5%) $1.1m (-98.5%) 0.3% (-36.5%) $0.04 (-98.3%)
2025 $9.4b (2211.3%) $-94.1m (-8605.8%) $92.7m (8281.1%) -1.0% (-468.0%) $-3.05 (-7725.0%)

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.

Values abbreviated: b = billions, m = millions, k = thousands.

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_2025

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