Discounted Cash Flow

Zai Lab Ltd. ADR

ZLAB · Based on 10 years of SEC filings

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)
2016 $403.3k $-37.5m $-34.4m -9302.1% $-3.97
2017 $527.4k (30.8%) $-50.4m (-34.3%) $-41.5m (-20.6%) -9554.2% (-2.7%) $-2.32 (41.6%)
2018 $129.5k (-75.5%) $-139.1m (-176.0%) $-107.6m (-159.4%) -107433.6% (-1024.5%) $-2.64 (-13.8%)
2019 $13.0m (9930.7%) $-195.1m (-40.3%) $-197.0m (-83.2%) -1502.3% (98.6%) $-3.03 (-14.8%)
2020 $49.0m (277.0%) $-268.9m (-37.8%) $-226.2m (-14.8%) -549.3% (63.4%)
2021 $144.1m (194.3%) $-704.5m (-162.0%) $-567.5m (-150.9%) -488.9% (11.0%)
2022 $212.7m (47.6%) $-443.3m (37.1%) $-392.2m (30.9%) -208.4% (57.4%) $-0.46
2023 $266.7m (25.4%) $-334.6m (24.5%) $-205.4m (47.6%) -125.5% (39.8%) $-0.35 (23.9%)
2024 $397.6m (49.1%) $-257.1m (23.2%) $-220.5m (-7.4%) -64.7% (48.5%) $-0.26 (25.7%)
2025 $457.2m (15.0%) $-175.5m (31.7%) $-158.9m (27.9%) -38.4% (40.6%) $-0.16 (38.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

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.