Discounted Cash Flow
Viomi Technology Co., 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) |
|---|---|---|---|---|---|
| 2016 | $46.6m | $2.4m | $2.1m | 5.2% | $-0.28 |
| 2017 | $130.2m (179.4%) | $13.9m (473.5%) | $18.3m (783.2%) | 10.7% (105.3%) | $0.39 (239.3%) |
| 2018 | $55.5m (-57.3%) | $1.4m (-89.8%) | $1.4m (-92.3%) | 2.6% (-76.1%) | $0.10 (-74.4%) |
| 2019 | $99.5m (79.2%) | $6.3m (341.5%) | $35.4m (2397.9%) | 6.3% (146.4%) | $0.20 (100.0%) |
| 2020 | $133.1m (33.7%) | $4.0m (-36.7%) | $26.5m (-25.1%) | 3.0% (-52.7%) | $0.13 (-35.0%) |
| 2021 | $124.1m (-6.8%) | $2.1m (-47.7%) | $2.1m (-92.2%) | 1.7% (-43.9%) | $0.07 (-46.2%) |
| 2022 | $266.9m (115.1%) | $-6.0m (-387.3%) | $-46.6m (-2347.9%) | -2.2% (-233.6%) | $-0.19 (-371.4%) |
| 2023 | $244.4m (-8.5%) | $-1.8m (70.1%) | $-17.7m (62.0%) | -0.7% (67.4%) | $-0.06 (68.4%) |
| 2024 | $316.0m (29.3%) | $21.6m (1313.1%) | $106.2m (699.7%) | 6.8% (1038.2%) | $0.04 (166.7%) |
| 2025 | $51.8m (-83.6%) | $21.1m (-2.1%) | $22.2m (-79.1%) | 40.8% (497.4%) | $0.10 (150.0%) |
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): —
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.