002940.SZ
Zhejiang Anglikang Pharmaceutical Co Ltd
Price:  
39.64 
CNY
Volume:  
9,789,910
China | Pharmaceuticals

002940.SZ DCF Valuation - Growth Exit 5Y

-35.3 %
Upside

What is the DCF valuation of 002940.SZ?

The Discounted Cash Flow (DCF) valuation of Zhejiang Anglikang Pharmaceutical Co Ltd (002940.SZ) is 25.66 CNY. With the latest stock price at 39.64 CNY, the upside of Zhejiang Anglikang Pharmaceutical Co Ltd based on DCF is -35.3%.

Is 002940.SZ a buy or a sell?

Based on the latest price of 39.64 CNY and our DCF valuation, Zhejiang Anglikang Pharmaceutical Co Ltd (002940.SZ) is a sell. Selling 002940.SZ stocks now will result in a potential gain of 35.3%.

Range Selected
WACC / Discount Rate8.3% - 10.3%9.3%
Long-term Growth Rate 2.0% - 4.0%3.0%
Fair Price19.98 - 36.6425.66
Upside-49.6% - -7.6%-35.3%
39.64 CNY
Stock Price
25.66 CNY
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

002940.SZ DCF Valuation: Revenue & Expenses Forecast

(CNY in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue1,5381,3021,3991,4671,5661,634
% Growth
5%-15%7%5%7%4%
Cost of goods sold(925)(744)(760)(757)(768)(761)
% of Revenue60%57%54%52%49%47%
Selling, G&A expenses(274)(232)(249)(261)(279)(291)
% of Revenue18%18%18%18%18%18%
Research & Development(200)(169)(182)(190)(203)(212)
% of Revenue13%13%13%13%13%13%
Net interest & other expenses191617181920
% of Revenue1%1%1%1%1%1%
Tax expense(6)(20)(26)(32)(39)(45)
Tax rate4%12%12%12%12%12%
Net profit152153200245297345
% Margin10%12%14%17%19%21%