300307.SZ
Ningbo Cixing Co Ltd
Price:  
7.98 
CNY
Volume:  
10,926,225
China | Machinery

300307.SZ DCF Valuation - Growth Exit 5Y

-36 %
Upside

What is the DCF valuation of 300307.SZ?

The Discounted Cash Flow (DCF) valuation of Ningbo Cixing Co Ltd (300307.SZ) is 5.11 CNY. With the latest stock price at 7.98 CNY, the upside of Ningbo Cixing Co Ltd based on DCF is -36%.

Is 300307.SZ a buy or a sell?

Based on the latest price of 7.98 CNY and our DCF valuation, Ningbo Cixing Co Ltd (300307.SZ) is a sell. Selling 300307.SZ stocks now will result in a potential gain of 36%.

Range Selected
WACC / Discount Rate9.0% - 11.8%10.4%
Long-term Growth Rate 1.0% - 3.0%2.0%
Fair Price3.95 - 7.25.11
Upside-50.6% - -9.8%-36.0%
7.98 CNY
Stock Price
5.11 CNY
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

300307.SZ DCF Valuation: Revenue & Expenses Forecast

(CNY in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue2,2182,2792,4862,6342,7952,851
% Growth
9%3%9%6%6%2%
Cost of goods sold(1,603)(1,614)(1,726)(1,792)(1,863)(1,863)
% of Revenue72%71%69%68%67%65%
Selling, G&A expenses(359)(369)(403)(427)(453)(462)
% of Revenue16%16%16%16%16%16%
Research & Development(59)(61)(66)(70)(75)(76)
% of Revenue3%3%3%3%3%3%
Net interest & other expenses117120131139148151
% of Revenue5%5%5%5%5%5%
Tax expense(23)(26)(31)(36)(41)(44)
Tax rate7%7%7%7%7%7%
Net profit291329392449511557
% Margin13%14%16%17%18%20%