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

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 $51.5m -0.6% $-2.01
2017 $394.5m (-85.8%) $5.5m (131.3%) $37.0m (-28.2%) 1.4% (320.4%) $0.23 (111.4%)
2018 $1.1b (180.1%) $42.6m (678.5%) $59.0m (59.6%) 3.9% (178.0%) $5.45 (2269.6%)
2019 $1.5b (37.8%) $48.8m (14.6%) $-17.6m (-129.9%) 3.2% (-16.9%) $6.14 (12.7%)
2020 $1.8b (17.2%) $13.5m (-72.3%) $-6.7m (61.7%) 0.8% (-76.4%) $1.56 (-74.6%)
2021 $1.8b (0.1%) $54.2m (301.6%) $59.1m (976.0%) 3.0% (301.4%) $5.73 (267.3%)
2022 $1.4b (-19.9%) $17.6m (-67.5%) $-1.1m (-101.8%) 1.2% (-59.5%) $2.21 (-61.4%)
2023 $1.8b (28.6%) $22.2m (26.3%) $53.3m (5070.6%) 1.2% (-1.7%) $3.17 (43.4%)
2024 $1.9b (5.8%) $22.3m (0.4%) $16.9m (-68.3%) 1.1% (-5.1%) $3.24 (2.2%)
2025 $1.9b (-3.3%) $35.5m (59.1%) $69.0m (308.0%) 1.9% (64.6%) $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