605050.SS
Friend Co Ltd
Price:  
15.03 
CNY
Volume:  
4,680,000
China | Metals & Mining

605050.SS DCF Valuation - Growth Exit 5Y

219.9 %
Upside

What is the DCF valuation of 605050.SS?

The Discounted Cash Flow (DCF) valuation of Friend Co Ltd (605050.SS) is 48.08 CNY. With the latest stock price at 15.03 CNY, the upside of Friend Co Ltd based on DCF is 219.9%.

Is 605050.SS a buy or a sell?

Based on the latest price of 15.03 CNY and our DCF valuation, Friend Co Ltd (605050.SS) is a buy. Buying 605050.SS stocks now will result in a potential gain of 219.9%.

Range Selected
WACC / Discount Rate6.3% - 7.8%7.0%
Long-term Growth Rate 2.5% - 4.5%3.5%
Fair Price30.18 - 101.5748.08
Upside100.8% - 575.8%219.9%
15.03 CNY
Stock Price
48.08 CNY
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

605050.SS DCF Valuation: Revenue & Expenses Forecast

(CNY in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue11,27816,77318,68322,65726,79631,128
% Growth
16%49%11%21%18%16%
Cost of goods sold(10,708)(15,606)(17,036)(20,247)(23,466)(26,715)
% of Revenue95%93%91%89%88%86%
Selling, G&A expenses(136)(202)(225)(273)(323)(375)
% of Revenue1%1%1%1%1%1%
Research & Development(5)(7)(8)(9)(11)(13)
% of Revenue0%0%0%0%0%0%
Net interest & other expenses57891113
% of Revenue0%0%0%0%0%0%
Tax expense(107)(240)(354)(532)(748)(1,005)
Tax rate25%25%25%25%25%25%
Net profit3277251,0681,6062,2593,034
% Margin3%4%6%7%8%10%