Discounted Cash Flow

Yatsen Holding Ltd. ADR

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

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

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)
2010
2018 $743.0m $-6.0m $-14.3m -0.8% $-0.17
2019 $3.0b (308.0%) $11.2m (287.8%) $-16.7m (-16.6%) 0.4% (146.0%) $-0.10 (41.2%)
2020 $802.0m (-73.5%) $-90.3k (-100.8%) $-151.1m (-804.7%) -0.0% (-103.0%) $-0.73 (-630.0%)
2021 $916.4m (14.3%) $-935.9k (-936.8%) $-154.8m (-2.4%) -0.1% (-807.4%) $-0.10 (86.3%)
2022 $537.3m (-41.4%) $-885.2k (5.4%) $-885.2k (99.4%) -0.2% (-61.3%) $-0.05 (50.0%)
2023 $3.4b (535.5%) $-807.5k (8.8%) $-16.9m (-1805.2%) -0.0% (85.6%) $-0.05 (0.0%)
2024 $3.4b (-0.6%) $-303.9k (62.4%) $-37.2m (-120.9%) -0.0% (62.1%) $-0.05 (0.0%)
2025 $4.3b (26.7%) $-1.7m (-464.0%) $-14.9m (59.9%) -0.0% (-345.3%) $-0.01 (80.0%)

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

No positive free cash flow in recent history — company has not generated positive FCF

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