Discounted Cash Flow

Neo-concept International Group Holdings Ltd. Foreign

NCI · Based on 10 years of SEC filings · Converted from HKD 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 $2.8b $12.4m $28.3m 0.4% $2.49
2019 $3.0b (7.8%) $13.1m (5.4%) $34.0m (20.1%) 0.4% (-2.3%) $2.60 (4.4%)
2020 $2.8b (-8.5%) $6.3m (-52.3%) $16.1m (-52.7%) 0.2% (-47.9%) $1.23 (-52.7%)
2021 $240.5m (-91.4%) $-49.7m (-895.4%) $1.3m (-91.9%) -20.7% (-9315.6%) $0.30 (-75.6%)
2022 $347.5m (44.4%) $5.9m (111.8%) $-5.5m (-520.3%) 1.7% (108.2%) $0.69 (130.0%)
2023 $174.2m (-49.9%) $8.4m (41.7%) $-6.4m (-17.9%) 4.8% (182.6%) $0.25 (-63.8%)
2024 $235.7m (35.3%) $20.6m (146.7%) $-473.5k (92.6%) 8.7% (82.4%) $0.41 (64.0%)
2025 $137.2m (-41.8%) $13.1m (-36.2%) $2.2m (567.4%) 9.6% (9.5%) $0.08 (-80.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in HKD. 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