The Discounted Cash Flow (DCF) valuation of Hangzhou Everfine Photo-e-info Co Ltd (300306.SZ) is 6.48 CNY. With the latest stock price at 13.26 CNY, the upside of Hangzhou Everfine Photo-e-info Co Ltd based on DCF is -51.1%.

Is 300306.SZ a buy or a sell?

Based on the latest price of 13.26 CNY and our DCF valuation, Hangzhou Everfine Photo-e-info Co Ltd (300306.SZ) is a sell. Selling 300306.SZ stocks now will result in a potential gain of 51.1%.

	Range	Selected
WACC / Discount Rate	9.1% - 12.2%	10.6%
Long-term Growth Rate	3.0% - 5.0%	4.0%
Fair Price	5.05 - 9.7	6.48
Upside	-61.9% - -26.8%	-51.1%

13.26 CNY

Stock Price

6.48 CNY

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

300306.SZ DCF Valuation: Revenue & Expenses Forecast

(CNY in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	436	409	426	435	443	456
% Growth	3%	-6%	4%	2%	2%	3%

Cost of goods sold	(160)	(143)	(141)	(137)	(133)	(130)
% of Revenue	37%	35%	33%	32%	30%	28%

Selling, G&A expenses	(106)	(99)	(104)	(106)	(108)	(111)
% of Revenue	24%	24%	24%	24%	24%	24%

Research & Development	(99)	(93)	(97)	(99)	(101)	(103)
% of Revenue	23%	23%	23%	23%	23%	23%

Net interest & other expenses	26	25	26	26	27	28
% of Revenue	6%	6%	6%	6%	6%	6%

Tax expense	(1)	(5)	(6)	(6)	(7)	(7)
Tax rate	2%	5%	5%	5%	5%	5%

Net profit	96	94	105	114	123	133
% Margin	22%	23%	25%	26%	28%	29%