The Discounted Cash Flow (DCF) valuation of China Sandi Holdings Ltd (910.HK) is (0.48) HKD. With the latest stock price at 0.01 HKD, the upside of China Sandi Holdings Ltd based on DCF is -3514.2%.

Is 910.HK a buy or a sell?

Based on the latest price of 0.01 HKD and our DCF valuation, China Sandi Holdings Ltd (910.HK) is a sell. Selling 910.HK stocks now will result in a potential gain of 3514.2%.

Note: valuation result may not be accurate due to the company's negative earnings.

	Range	Selected
WACC / Discount Rate	4.2% - 13.7%	8.9%
Long-term Growth Rate	3.0% - 4.0%	3.5%
Fair Price	(0.52) - 0.88	(0.48)
Upside	-3820.4% - 6212.8%	-3514.2%

0.01 HKD

Stock Price

(0.48) HKD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

910.HK DCF Valuation: Revenue & Expenses Forecast

(CNY in millions)		Projections

	12-2023	12-2024	12-2025	12-2026	12-2027	12-2028

Revenue	3,303	446	482	523	575	625
% Growth	4%	-86%	8%	8%	10%	9%

Cost of goods sold	(2,793)	(359)	(368)	(380)	(396)	(409)
% of Revenue	85%	80%	76%	73%	69%	65%

Selling, G&A expenses	(147)	(20)	(21)	(23)	(26)	(28)
% of Revenue	4%	4%	4%	4%	4%	4%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(858)	(116)	(125)	(136)	(149)	(162)
% of Revenue	26%	26%	26%	26%	26%	26%

Tax expense	73	18	12	6	(1)	(9)
Tax rate	-15%	37%	37%	37%	37%	37%

Net profit	(422)	(30)	(21)	(10)	2	16
% Margin	-13%	-7%	-4%	-2%	0%	3%