Discounted Cash Flow

Lexinfintech Holdings Ltd. ADR

LX · 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
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)
2016 $2.8b $-17.5m $51.6m -0.6% $-2.01
2017 $394.5m (-85.8%) $5.5m (131.3%) $37.1m (-28.2%) 1.4% (320.4%) $0.23 (111.4%)
2018 $4.7b (1085.3%) $42.7m (678.5%) $59.2m (59.6%) 0.9% (-34.3%) $5.45 (2269.6%)
2019 $9.5b (102.2%) $48.9m (14.6%) $-17.7m (-129.9%) 0.5% (-43.3%) $6.14 (12.7%)
2020 $7.9b (-16.4%) $13.5m (-72.3%) $-6.8m (61.7%) 0.2% (-66.9%) $1.56 (-74.6%)
2021 $8.9b (12.2%) $54.4m (301.6%) $59.3m (976.0%) 0.6% (257.9%) $5.73 (267.3%)
2022 $6.4b (-28.0%) $17.6m (-67.5%) $-1.1m (-101.8%) 0.3% (-54.9%) $2.21 (-61.4%)
2023 $8.4b (31.4%) $22.3m (26.3%) $53.5m (5070.6%) 0.3% (-3.8%) $3.17 (43.4%)
2024 $9.5b (13.5%) $22.4m (0.4%) $17.0m (-68.3%) 0.2% (-11.6%) $3.24 (2.2%)
2025 $8.6b (-10.0%) $35.6m (59.1%) $69.2m (308.0%) 0.4% (76.7%) $4.72 (45.7%)

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