Discounted Cash Flow

111, Inc. ADR

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

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 $873.8m $113.2k $-57.5m 0.0%
2017 $959.5m (9.8%) $110.6k (-2.4%) $-31.3m (45.7%) 0.0% (-11.1%)
2018 $259.8m (-72.9%) $288.6k (161.0%) $-51.1m (-63.4%) 0.1% (864.2%)
2019 $567.7m (118.5%) $328.7k (13.9%) $-76.3m (-49.3%) 0.1% (-47.9%)
2020 $1.3b (121.5%) $-0 (-100.0%) $-17.9m (76.6%) -0.0% (-100.0%)
2021 $1.9b (55.1%) $4.1m $4.1m (123.1%) 0.2% $-0.63
2022 $2.0b (0.5%) $2.3m (-45.1%) $-4.1m (-199.7%) 0.1% (-45.3%) $-0.36 (42.9%)
2023 $2.1b (7.4%) $2.5m (10.1%) $-66.4m (-1517.8%) 0.1% (2.5%) $-0.33 (8.3%)
2024 $2.0b (-6.3%) $1.2m (-50.1%) $38.6m (158.2%) 0.1% (-46.7%) $-0.05 (84.8%)
2025 $1.8b (-9.0%) $605.9k (-51.3%) $17.5m (-54.6%) 0.0% (-46.4%) $-0.05 (0.0%)

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