Discounted Cash Flow

Vipshop Holdings Ltd. ADR

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

DCF estimate unavailable — no_upward_trend_net_income_yr1_694989546.1639999_gte_yrN_153762962.75199997_window_5

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

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 $8.2b $302.4m $18.5m 3.7% $2.53
2017 $11.2b (37.5%) $289.5m (-4.3%) $-27.8m (-250.3%) 2.6% (-30.4%) $2.55 (0.8%)
2018 $12.3b (9.7%) $316.1m (9.2%) $69.7m (350.9%) 2.6% (-0.5%) $2.34 (-8.2%)
2019 $13.4b (8.7%) $596.4m (88.7%) $191.7m (175.1%) 4.5% (73.7%) $4.32 (84.6%)
2020 $15.6b (16.9%) $877.0m (47.1%) $218.1m (13.8%) 5.6% (25.8%) $6.70 (55.1%)
2021 $18.4b (17.7%) $695.0m (-20.8%) $93.5m (-57.1%) 3.8% (-32.7%) $5.39 (-19.6%)
2022 $15.0b (-18.6%) $935.2m (34.6%) $1.5b (1514.9%) 6.3% (65.3%) $7.18 (33.2%)
2023 $113.6b (659.5%) $1.2b (28.9%) $2.1b (38.8%) 1.1% (-83.0%) $10.33 (43.9%)
2024 $109.0b (-4.0%) $1.1b (-4.6%) $1.3b (-37.9%) 1.1% (-0.6%) $10.00 (-3.2%)
2025 $105.9b (-2.8%) $153.8m (-86.6%) $1.1b (-18.1%) 0.1% (-86.2%) $10.35 (3.5%)

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.

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):

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

no_upward_trend_net_income_yr1_694989546.1639999_gte_yrN_153762962.75199997_window_5

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