Discounted Cash Flow

Sunlands Technology Group ADR

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

DCF estimate unavailable — only_2_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 $418.9m $-37.5m $13.2m -9.0% $-66.40
2017 $970.2m (131.6%) $-20.1k (99.9%) $62.4m (372.0%) -0.0% (100.0%) $-232.80 (-250.6%)
2018 $287.1m (-70.4%) $10.7k (152.9%) $15.6m (-75.0%) 0.0% (278.9%) $-147.27 (36.7%)
2019 $315.1m (9.8%) $-51.5k (-583.3%) $-79.5m (-610.4%) -0.0% (-540.3%) $-57.81 (60.7%)
2020 $337.7m (7.2%) $-66.0k (-28.2%) $-28.2m (64.5%) -0.0% (-19.6%) $-63.74 (-10.3%)
2021 $393.5m (16.5%) $-990.1k (-1400.0%) $-990.1k (96.5%) -0.3% (-1187.4%) $32.56 (151.1%)
2022 $336.8m (-14.4%) $-140.6k (85.8%) $1.3m (229.7%) -0.0% (83.4%) $13.65 (-58.1%)
2023 $304.2m (-9.7%) $148 (100.1%) $20.7m (1513.9%) 0.0% (100.1%) $13.08 (-4.2%)
2024 $272.7m (-10.4%) $0 (-100.0%) $28.9m (39.6%) 0.0% (-100.0%) $6.87 (-47.5%)
2025 $288.8m (5.9%) $0 $21.7m (-24.9%) 0.0% $7.76 (13.0%)

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_2_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.