Discounted Cash Flow

Full Truck Alliance Co. Ltd. ADR

YMM · 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)
2019 $2.5b $-1.0k $-138.3m -0.0% $-0.46
2020 $2.6b (4.4%) $-1.2k (-14.3%) $77.2m (155.8%) -0.0% (-9.5%) $-1.05 (-128.3%)
2021 $730.8m (-71.7%) $-11.8k (-900.0%) $-37.7m (-148.8%) -0.0% (-3431.6%) $-0.31 (70.5%)
2022 $6.7b (821.4%) $79.8k (773.8%) $-3.4m (91.0%) 0.0% (173.1%) $0.00 (100.0%)
2023 $8.4b (25.3%) $-185.3k (-332.3%) $331.7m (9834.7%) -0.0% (-285.4%) $0.01
2024 $11.2b (33.2%) $-525.1k (-183.4%) $436.8m (31.7%) -0.0% (-112.7%) $0.02 (100.0%)
2025 $12.5b (11.1%) $-4.1m (-673.8%) $676.9m (55.0%) -0.0% (-596.3%) $0.03 (50.0%)

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_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.