Discounted Cash Flow
PDD Holdings Inc. ADR
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $0 | $-43.2m | $129.9m | — | $-0.18 |
| 2017 | $1.7b | $-77.7m (-79.8%) | $-77.7m (-159.8%) | -4.5% | $-0.28 (-55.6%) |
| 2018 | $1.9b (9.4%) | $-219.9m (-183.0%) | $1.1b (1579.0%) | -11.5% (-158.6%) | $-0.50 (-78.6%) |
| 2019 | $4.3b (126.9%) | $-148.1m (32.7%) | $-148.1m (-112.9%) | -3.4% (70.3%) | $-0.22 (56.0%) |
| 2020 | $9.1b (110.6%) | $-162.8m (-9.9%) | $-162.8m (-9.9%) | -1.8% (47.8%) | $-0.23 (-4.5%) |
| 2021 | $93.9b (930.4%) | $1.1b (806.0%) | $4.2b (2698.2%) | 1.2% (168.5%) | $1.55 (773.9%) |
| 2022 | $18.9b (-79.9%) | $676.7m (-41.1%) | $676.7m (-84.0%) | 3.6% (192.1%) | $0.90 (-41.9%) |
| 2023 | $34.9b (84.3%) | $1.3b (84.9%) | $1.3b (84.9%) | 3.6% (0.3%) | $1.56 (73.3%) |
| 2024 | $54.0b (54.7%) | $2.3b (82.2%) | $18.0b (1341.7%) | 4.2% (17.8%) | $2.78 (78.2%) |
| 2025 | $61.8b (14.5%) | $2.1b (-9.2%) | $15.8b (-12.3%) | 3.4% (-20.6%) | $2.50 (-10.1%) |
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): —
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.