Discounted Cash Flow

Niu Technologies ADR

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

DCF estimate unavailable — only_3_profitable_out_of_10

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 $354.8m $-34.4m $-19.7m -9.7% $-22.35
2017 $769.4m (116.8%) $-27.3m (20.7%) $8.4m (142.6%) -3.6% (63.4%) $-7.02 (68.6%)
2018 $214.9m (-72.1%) $-7.5m (72.5%) $462.1k (-94.5%) -3.5% (1.6%) $-5.30 (24.5%)
2019 $298.2m (38.8%) $4.0m (153.8%) $9.5m (1963.9%) 1.4% (138.8%) $0.18 (103.4%)
2020 $374.6m (25.6%) $3.8m (-5.3%) $3.8m (-59.9%) 1.0% (-24.6%) $0.17 (-5.6%)
2021 $581.3m (55.2%) $5.2m (37.1%) $7.2m (87.4%) 0.9% (-11.7%) $0.23 (35.3%)
2022 $459.4m (-21.0%) $-1.1m (-120.2%) $-1.1m (-114.8%) -0.2% (-125.6%) $-0.05 (-121.7%)
2023 $373.5m (-18.7%) $-5.7m (-433.9%) $12.2m (1252.0%) -1.5% (-556.7%) $-0.24 (-380.0%)
2024 $450.5m (20.6%) $-3.9m (30.9%) $5.3m (-56.6%) -0.9% (42.7%) $-0.17 (29.2%)
2025 $616.0m (36.7%) $-833.5k (78.7%) $48.5m (813.7%) -0.1% (84.4%) $-0.04 (76.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in 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

only_3_profitable_out_of_10

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