Discounted Cash Flow

So-young International Inc. ADR

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

DCF estimate unavailable — only_1_profitable_out_of_last_5

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)
2017 $259.3m $2.5m $13.4m 1.0%
2018 $617.2m (138.0%) $8.2m (220.2%) $28.5m (112.4%) 1.3% (34.5%)
2019 $1.2b (86.6%) $26.2m (220.8%) $51.2m (79.8%) 2.3% (72.0%)
2020 $1.3b (12.4%) $859.4k (-96.7%) $21.0m (-58.9%) 0.1% (-97.1%)
2021 $1.7b (30.7%) $-1.2m (-244.2%) $5.8m (-72.4%) -0.1% (-210.3%)
2022 $1.3b (-25.7%) $-9.7m (-683.1%) $-19.0m (-427.8%) -0.8% (-953.7%)
2023 $1.5b (19.1%) $3.1m (132.5%) $-4.2m (77.7%) 0.2% (127.3%)
2024 $1.5b (-2.1%) $-87.2m (-2870.3%) $-13.1m (-207.5%) -5.9% (-2929.5%)
2025 $1.5b (3.9%) $-35.9m (58.9%) $-44.7m (-242.5%) -2.4% (60.4%)

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_1_profitable_out_of_last_5

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