941.HK
China Mobile Ltd
Price:  
86.6 
HKD
Volume:  
13,669,500
China | Wireless Telecommunication Services

941.HK DCF Valuation - Growth Exit 5Y

5.7 %
Upside

What is the DCF valuation of 941.HK?

The Discounted Cash Flow (DCF) valuation of China Mobile Ltd (941.HK) is 91.54 HKD. With the latest stock price at 86.60 HKD, the upside of China Mobile Ltd based on DCF is 5.7%.

Is 941.HK a buy or a sell?

Based on the latest price of 86.60 HKD and our DCF valuation, China Mobile Ltd (941.HK) is a buy. Buying 941.HK stocks now will result in a potential gain of 5.7%.

Range Selected
WACC / Discount Rate6.3% - 8.1%7.2%
Long-term Growth Rate 0.0% - 1.0%0.5%
Fair Price78.9 - 110.8391.54
Upside-8.9% - 28.0%5.7%
86.60 HKD
Stock Price
91.54 HKD
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

941.HK DCF Valuation: Revenue & Expenses Forecast

(CNY in millions)Projections
12-202012-202112-202212-202312-202412-2025
Revenue768,070829,464871,159909,982945,856964,773
% Growth
3%8%5%4%4%2%
Cost of goods sold(279,524)(301,867)(317,041)(331,170)(344,226)(351,110)
% of Revenue36%36%36%36%36%36%
Selling, G&A expenses(161,652)(174,573)(183,349)(191,519)(199,070)(203,051)
% of Revenue21%21%21%21%21%21%
Research & Development(4,898)(5,290)(5,555)(5,803)(6,032)(6,152)
% of Revenue1%1%1%1%1%1%
Net interest & other expenses(179,637)(193,996)(203,748)(212,827)(221,218)(225,642)
% of Revenue23%23%23%23%23%23%
Tax expense(34,219)(36,954)(38,812)(40,541)(42,140)(42,983)
Tax rate24%24%24%24%24%24%
Net profit108,140116,784122,654128,120133,171135,835
% Margin14%14%14%14%14%14%