Discounted Cash Flow
Huize Holding Ltd. ADR
—
Audit / VIE / HFCA: Chinese ADR (VIE contractual structure, HFCA Act): the PCAOB must inspect the China-based auditor (e.g. Deloitte/EY China) or the ADRs can be delisted; dividends must be repatriated through the WFOE/VIE and can be blocked. The audit relies on contractual VIE control, not equity, adding structural risk.
Sourced live via DEF 14A beneficial_ownership (edgartools proxy) for US filers and 20-F risk_factors (“controls X% of voting power” + VIE/HFCA) for foreign ADRs — cached 12h. A concentrated holder can overrule the DCF’s minority-basis assumptions on dividends, issuance, and delisting.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2017 | $39.3m | $-14.5m | — | -36.9% | $-0.17 |
| 2018 | $75.9m (93.2%) | $470.0k (103.2%) | $9.8m | 0.6% (101.7%) | $-0.06 (64.7%) |
| 2019 | $21.3m (-72.0%) | $319.2k (-32.1%) | $319.2k (-96.7%) | 1.5% (142.2%) | $-0.06 (0.0%) |
| 2020 | $27.9m (31.1%) | $-418.0k (-230.9%) | $-418.0k (-230.9%) | -1.5% (-199.9%) | $-0.02 (66.7%) |
| 2021 | $52.5m (88.4%) | $-2.5m (-502.8%) | $-2.5m (-502.8%) | -4.8% (-220.0%) | $-0.11 (-450.0%) |
| 2022 | $25.0m (-52.3%) | $-674.3k (73.2%) | $-674.3k (73.2%) | -2.7% (43.8%) | $0.00 (100.0%) |
| 2023 | $178.3m (612.1%) | $1.5m (318.6%) | $19.8m (3042.3%) | 0.8% (130.7%) | $0.01 |
| 2024 | $186.2m (4.5%) | $-13.3k (-100.9%) | $-2.9m (-114.7%) | -0.0% (-100.9%) | $0.00 (-100.0%) |
| 2025 | $235.9m (26.7%) | $86.2k (749.4%) | $2.5m (185.6%) | 0.0% (612.6%) | $0.00 |
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): —
Net debt deduction: —
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.