Discounted Cash Flow
Yunji Inc. 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 | — | — | — | — | — |
| 2017 | $960.9m | $-15.8m | $102.3m | -1.6% | $-1.37 |
| 2018 | $1.9b (102.0%) | $-8.9m (43.5%) | $127.4m (24.6%) | -0.5% (72.0%) | $-1.98 (-44.5%) |
| 2019 | $250.0m (-87.1%) | $-18.8m (-110.7%) | $-170.7m (-234.0%) | -7.5% (-1535.6%) | $-0.13 (93.4%) |
| 2020 | $126.4m (-49.4%) | $-21.8m (-16.4%) | $-51.6m (69.8%) | -17.3% (-130.2%) | $-0.01 (92.3%) |
| 2021 | $50.4m (-60.1%) | $19.7m (190.2%) | $-16.8m (67.3%) | 39.0% (326.0%) | $0.01 (200.0%) |
| 2022 | $25.0m (-50.5%) | $-20.6m (-204.7%) | $-46.1m (-173.6%) | -82.6% (-311.6%) | $-0.01 (-200.0%) |
| 2023 | $13.4m (-46.1%) | $-24.6m (-19.5%) | $-29.9m (35.1%) | -183.1% (-121.8%) | $-0.01 (0.0%) |
| 2024 | $8.5m (-36.5%) | $-18.4m (25.4%) | $-21.2m (29.3%) | -215.2% (-17.5%) | $-0.01 (0.0%) |
| 2025 | $6.8m (-20.8%) | $-19.9m (-8.3%) | $-18.9m (10.8%) | -294.0% (-36.6%) | $-0.01 (0.0%) |
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.