Intrinsic value of Autohome ADR - ATHM

Previous Close

$63.56

  Intrinsic Value

$122.11

stock screener

  Rating & Target

str. buy

+92%

  Value-price divergence*

+1036%

Previous close

$63.56

 
Intrinsic value

$122.11

 
Up/down potential

+92%

 
Rating

str. buy

 
Value-price divergence*

+1036%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ATHM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 7.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  72.06
  23.40
  21.56
  19.90
  18.41
  17.07
  15.87
  14.78
  13.80
  12.92
  12.13
  11.42
  10.77
  10.20
  9.68
  9.21
  8.79
  8.41
  8.07
  7.76
  7.49
  7.24
  7.01
  6.81
  6.63
  6.47
  6.32
  6.19
  6.07
  5.96
  5.87
Revenue, $m
  862
  1,064
  1,293
  1,550
  1,836
  2,149
  2,490
  2,858
  3,253
  3,673
  4,119
  4,589
  5,083
  5,601
  6,144
  6,709
  7,299
  7,913
  8,551
  9,215
  9,905
  10,622
  11,366
  12,141
  12,946
  13,783
  14,654
  15,561
  16,506
  17,490
  18,516
Variable operating expenses, $m
 
  691
  835
  997
  1,176
  1,373
  1,587
  1,819
  2,067
  2,331
  2,611
  2,885
  3,196
  3,522
  3,863
  4,218
  4,589
  4,975
  5,376
  5,794
  6,227
  6,678
  7,146
  7,633
  8,139
  8,666
  9,213
  9,783
  10,377
  10,996
  11,641
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  696
  691
  835
  997
  1,176
  1,373
  1,587
  1,819
  2,067
  2,331
  2,611
  2,885
  3,196
  3,522
  3,863
  4,218
  4,589
  4,975
  5,376
  5,794
  6,227
  6,678
  7,146
  7,633
  8,139
  8,666
  9,213
  9,783
  10,377
  10,996
  11,641
Operating income, $m
  167
  373
  458
  554
  660
  776
  903
  1,039
  1,186
  1,342
  1,507
  1,704
  1,887
  2,080
  2,281
  2,491
  2,710
  2,938
  3,175
  3,421
  3,678
  3,944
  4,220
  4,508
  4,807
  5,118
  5,441
  5,778
  6,128
  6,494
  6,875
EBITDA, $m
  177
  396
  481
  577
  684
  800
  927
  1,064
  1,211
  1,368
  1,534
  1,709
  1,893
  2,086
  2,288
  2,498
  2,718
  2,947
  3,184
  3,431
  3,688
  3,955
  4,233
  4,521
  4,821
  5,132
  5,457
  5,795
  6,146
  6,513
  6,895
Interest expense (income), $m
  0
  0
  4
  8
  12
  17
  23
  29
  35
  42
  50
  58
  66
  75
  84
  93
  103
  114
  125
  136
  148
  160
  172
  186
  199
  213
  228
  244
  260
  276
  294
Earnings before tax, $m
  181
  373
  455
  546
  648
  759
  880
  1,011
  1,151
  1,300
  1,458
  1,646
  1,822
  2,005
  2,197
  2,398
  2,607
  2,824
  3,050
  3,286
  3,530
  3,784
  4,048
  4,322
  4,607
  4,904
  5,213
  5,534
  5,869
  6,218
  6,581
Tax expense, $m
  5
  101
  123
  147
  175
  205
  238
  273
  311
  351
  394
  444
  492
  541
  593
  647
  704
  763
  824
  887
  953
  1,022
  1,093
  1,167
  1,244
  1,324
  1,407
  1,494
  1,585
  1,679
  1,777
Net income, $m
  178
  272
  332
  399
  473
  554
  642
  738
  840
  949
  1,064
  1,202
  1,330
  1,464
  1,604
  1,750
  1,903
  2,062
  2,227
  2,398
  2,577
  2,762
  2,955
  3,155
  3,363
  3,580
  3,805
  4,040
  4,284
  4,539
  4,804

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  828
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,359
  655
  797
  955
  1,131
  1,324
  1,534
  1,761
  2,004
  2,263
  2,538
  2,827
  3,132
  3,451
  3,785
  4,134
  4,497
  4,875
  5,269
  5,678
  6,103
  6,544
  7,003
  7,480
  7,976
  8,492
  9,029
  9,588
  10,170
  10,776
  11,409
Adjusted assets (=assets-cash), $m
  531
  655
  797
  955
  1,131
  1,324
  1,534
  1,761
  2,004
  2,263
  2,538
  2,827
  3,132
  3,451
  3,785
  4,134
  4,497
  4,875
  5,269
  5,678
  6,103
  6,544
  7,003
  7,480
  7,976
  8,492
  9,029
  9,588
  10,170
  10,776
  11,409
Revenue / Adjusted assets
  1.623
  1.624
  1.622
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
  1.623
Average production assets, $m
  22
  28
  34
  40
  48
  56
  65
  74
  85
  96
  107
  119
  132
  146
  160
  174
  190
  206
  222
  240
  258
  276
  296
  316
  337
  358
  381
  405
  429
  455
  481
Working capital, $m
  722
  -106
  -129
  -155
  -184
  -215
  -249
  -286
  -325
  -367
  -412
  -459
  -508
  -560
  -614
  -671
  -730
  -791
  -855
  -921
  -990
  -1,062
  -1,137
  -1,214
  -1,295
  -1,378
  -1,465
  -1,556
  -1,651
  -1,749
  -1,852
Total debt, $m
  4
  102
  217
  347
  491
  650
  822
  1,007
  1,206
  1,419
  1,643
  1,881
  2,130
  2,392
  2,665
  2,951
  3,248
  3,558
  3,880
  4,215
  4,563
  4,925
  5,301
  5,691
  6,098
  6,520
  6,960
  7,418
  7,894
  8,391
  8,909
Total liabilities, $m
  439
  537
  652
  782
  926
  1,085
  1,257
  1,442
  1,641
  1,854
  2,078
  2,316
  2,565
  2,827
  3,100
  3,386
  3,683
  3,993
  4,315
  4,650
  4,998
  5,360
  5,736
  6,126
  6,533
  6,955
  7,395
  7,853
  8,329
  8,826
  9,344
Total equity, $m
  920
  119
  144
  173
  205
  240
  278
  319
  363
  410
  459
  512
  567
  625
  685
  748
  814
  882
  954
  1,028
  1,105
  1,185
  1,268
  1,354
  1,444
  1,537
  1,634
  1,735
  1,841
  1,951
  2,065
Total liabilities and equity, $m
  1,359
  656
  796
  955
  1,131
  1,325
  1,535
  1,761
  2,004
  2,264
  2,537
  2,828
  3,132
  3,452
  3,785
  4,134
  4,497
  4,875
  5,269
  5,678
  6,103
  6,545
  7,004
  7,480
  7,977
  8,492
  9,029
  9,588
  10,170
  10,777
  11,409
Debt-to-equity ratio
  0.004
  0.860
  1.510
  2.010
  2.400
  2.710
  2.960
  3.160
  3.330
  3.460
  3.580
  3.670
  3.760
  3.830
  3.890
  3.940
  3.990
  4.030
  4.070
  4.100
  4.130
  4.160
  4.180
  4.200
  4.220
  4.240
  4.260
  4.270
  4.290
  4.300
  4.310
Adjusted equity ratio
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181
  0.181

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  178
  272
  332
  399
  473
  554
  642
  738
  840
  949
  1,064
  1,202
  1,330
  1,464
  1,604
  1,750
  1,903
  2,062
  2,227
  2,398
  2,577
  2,762
  2,955
  3,155
  3,363
  3,580
  3,805
  4,040
  4,284
  4,539
  4,804
Depreciation, amort., depletion, $m
  10
  23
  23
  23
  24
  24
  24
  25
  25
  26
  26
  5
  6
  6
  7
  7
  8
  9
  9
  10
  11
  12
  12
  13
  14
  15
  16
  17
  18
  19
  20
Funds from operations, $m
  259
  295
  355
  422
  497
  578
  667
  763
  865
  975
  1,090
  1,207
  1,335
  1,470
  1,611
  1,758
  1,911
  2,070
  2,236
  2,408
  2,588
  2,774
  2,967
  3,168
  3,377
  3,595
  3,821
  4,057
  4,302
  4,558
  4,824
Change in working capital, $m
  24
  -20
  -23
  -26
  -29
  -31
  -34
  -37
  -39
  -42
  -45
  -47
  -49
  -52
  -54
  -57
  -59
  -61
  -64
  -66
  -69
  -72
  -74
  -77
  -81
  -84
  -87
  -91
  -94
  -98
  -103
Cash from operations, $m
  235
  316
  378
  448
  525
  610
  701
  800
  905
  1,017
  1,135
  1,254
  1,385
  1,522
  1,665
  1,814
  1,970
  2,132
  2,300
  2,475
  2,657
  2,845
  3,042
  3,246
  3,458
  3,679
  3,908
  4,147
  4,397
  4,656
  4,927
Maintenance CAPEX, $m
  0
  -1
  -1
  -1
  -2
  -2
  -2
  -3
  -3
  -4
  -4
  -4
  -5
  -6
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -12
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
New CAPEX, $m
  -13
  -6
  -6
  -7
  -7
  -8
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -17
  -18
  -19
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
Cash from investing activities, $m
  -74
  -7
  -7
  -8
  -9
  -10
  -11
  -13
  -13
  -15
  -16
  -16
  -18
  -19
  -20
  -22
  -22
  -24
  -26
  -26
  -28
  -30
  -31
  -32
  -34
  -36
  -38
  -40
  -42
  -44
  -46
Free cash flow, $m
  161
  309
  371
  440
  516
  599
  690
  787
  891
  1,002
  1,119
  1,237
  1,367
  1,503
  1,645
  1,793
  1,947
  2,108
  2,275
  2,448
  2,629
  2,816
  3,011
  3,213
  3,424
  3,643
  3,871
  4,108
  4,355
  4,613
  4,881
Issuance/(repayment) of debt, $m
  0
  102
  116
  130
  144
  158
  172
  186
  199
  212
  225
  237
  249
  262
  274
  286
  298
  310
  322
  335
  348
  362
  376
  391
  406
  423
  440
  458
  477
  497
  518
Issuance/(repurchase) of shares, $m
  4
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  4
  102
  116
  130
  144
  158
  172
  186
  199
  212
  225
  237
  249
  262
  274
  286
  298
  310
  322
  335
  348
  362
  376
  391
  406
  423
  440
  458
  477
  497
  518
Total cash flow (excl. dividends), $m
  165
  411
  487
  570
  660
  758
  862
  973
  1,090
  1,214
  1,344
  1,474
  1,616
  1,764
  1,918
  2,078
  2,245
  2,418
  2,597
  2,783
  2,977
  3,178
  3,387
  3,604
  3,830
  4,065
  4,310
  4,566
  4,832
  5,109
  5,399
Retained Cash Flow (-), $m
  -218
  -23
  -26
  -29
  -32
  -35
  -38
  -41
  -44
  -47
  -50
  -52
  -55
  -58
  -60
  -63
  -66
  -68
  -71
  -74
  -77
  -80
  -83
  -86
  -90
  -93
  -97
  -101
  -105
  -110
  -114
Prev. year cash balance distribution, $m
 
  824
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,212
  461
  541
  628
  723
  824
  932
  1,046
  1,167
  1,295
  1,422
  1,561
  1,706
  1,858
  2,015
  2,179
  2,349
  2,526
  2,709
  2,900
  3,098
  3,304
  3,518
  3,740
  3,972
  4,213
  4,465
  4,726
  5,000
  5,285
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  1,162
  422
  471
  517
  560
  598
  630
  654
  671
  679
  675
  666
  649
  624
  592
  554
  511
  465
  417
  368
  320
  274
  231
  191
  155
  123
  96
  73
  55
  40
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Autohome Inc. operates as an online destination for automobile consumers in the People’s Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including professionally produced content that comprises automobile-related articles and reviews, pricing trends in various markets, and photos and video clips; automobile library, which includes a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, as well as manufacturers’ suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content. Autohome Inc. also offers advertising services for automakers and dealers; dealer subscription services that allow dealers to market their inventory and services through its Websites; used automobile listings services, which allow used automobile dealers and individuals to market their automobiles for sale on its Websites; and automobile dealer subscription services that enable dealers to establish and maintain online showrooms of automobiles with pricing and promotional information on autohome.com.cn. In addition, it operates Autohome Mall, an online transaction platform that facilitates direct vehicle sales and commission-based services; provides iOS- and Android-based applications to allow its users to access its content; and offers technical and consulting services. The company was formerly known as Sequel Limited and changed its name to Autohome Inc. in October 2011. The company was founded in 2008 and is headquartered in Beijing, the People’s Republic of China. Autohome Inc. operates as a subsidiary of Telstra Holdings Pty Ltd.

FINANCIAL RATIOS  of  Autohome ADR (ATHM)

Valuation Ratios
P/E Ratio 41.2
Price to Sales 8.5
Price to Book 8
Price to Tangible Book
Price to Cash Flow 31.2
Price to Free Cash Flow 33
Growth Rates
Sales Growth Rate 72.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate 13.2%
Financial Strength
Quick Ratio 207
Current Ratio 0.1
LT Debt to Equity 0%
Total Debt to Equity 0.4%
Interest Coverage 0
Management Effectiveness
Return On Assets 14.5%
Ret/ On Assets - 3 Yr. Avg. 15.7%
Return On Total Capital 21.6%
Ret/ On T. Cap. - 3 Yr. Avg. 23.2%
Return On Equity 21.9%
Return On Equity - 3 Yr. Avg. 23.5%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 59.9%
Gross Margin - 3 Yr. Avg. 74.1%
EBITDA Margin 22.2%
EBITDA Margin - 3 Yr. Avg. 35.5%
Operating Margin 19.3%
Oper. Margin - 3 Yr. Avg. 32.1%
Pre-Tax Margin 21%
Pre-Tax Margin - 3 Yr. Avg. 34%
Net Profit Margin 20.6%
Net Profit Margin - 3 Yr. Avg. 28%
Effective Tax Rate 2.8%
Eff/ Tax Rate - 3 Yr. Avg. 15.4%
Payout Ratio 0%

ATHM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ATHM stock intrinsic value calculation we used $862 million for the last fiscal year's total revenue generated by Autohome ADR. The default revenue input number comes from 2016 income statement of Autohome ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ATHM stock valuation model: a) initial revenue growth rate of 23.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for ATHM is calculated based on our internal credit rating of Autohome ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Autohome ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ATHM stock the variable cost ratio is equal to 65.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ATHM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Autohome ADR.

Corporate tax rate of 27% is the nominal tax rate for Autohome ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ATHM stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ATHM are equal to 2.6%.

Life of production assets of 24 years is the average useful life of capital assets used in Autohome ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ATHM is equal to -10%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $920 million for Autohome ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 110.761 million for Autohome ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Autohome ADR at the current share price and the inputted number of shares is $7.0 billion.

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COMPANY NEWS

▶ Indexes Rebound, Apple Retakes Entry; This China Leader Is Zooming   [Aug-11-17 12:07PM  Investor's Business Daily]
▶ Autohome Inc. (ATHM) Catches Eye: Stock Up 9%   [Aug-10-17 08:32AM  Zacks]
▶ [$$] Small-Caps, Big Growth   [Aug-05-17 12:14AM  Barrons.com]
▶ ETFs with exposure to Autohome, Inc. : July 31, 2017   [Jul-31-17 04:25PM  Capital Cube]
▶ New Strong Buy Stocks for July 21st   [Jul-21-17 09:41AM  Zacks]
▶ Rounded Bottom Could Mean a Rally for These Stocks   [Jul-19-17 01:00PM  Investopedia]
▶ Top-Rated Stocks Near Buy Point With Earnings Due: Alphabet   [Jul-14-17 01:34PM  Investor's Business Daily]
▶ Can This Former Top Chinese Stock Drive A New Breakout Move?   [Jul-12-17 12:28PM  Investor's Business Daily]
▶ Winning Mutual Fund Focuses On Leading Stocks Like Autohome, MarketAxess   [Jul-07-17 02:43PM  Investor's Business Daily]
▶ As Alibaba, Autohome Rise, Can This Other Chinese Stock Rev Up?   [Jul-05-17 04:29PM  Investor's Business Daily]
▶ ETFs with exposure to Autohome, Inc. : June 26, 2017   [Jun-26-17 03:19PM  Capital Cube]
▶ Best Chinese Stocks To Buy And Watch   [Jun-09-17 11:07AM  Investor's Business Daily]
▶ 5 Surging Chinese Stocks And What You Could Do: Investing Action Plan   [Jun-06-17 04:56PM  Investor's Business Daily]
▶ After Alibaba And Weibo Breakouts, Is This Chinese Stock Next?   [May-12-17 04:13PM  Investor's Business Daily]
▶ BitAuto Stock Recovers From Weak Q1 Earnings After Rival Soared   [May-11-17 04:33PM  Investor's Business Daily]
▶ Top Chinese Internets Autohome, YY Earnings Top Views   [May-10-17 08:51AM  Investor's Business Daily]
▶ Will Snap, China's Internet Stocks Leap Like JD? Investing Action Plan   [May-09-17 04:43PM  Investor's Business Daily]
▶ Autohome, Weibo Shares Break Out As JD.com Hits Record High   [May-08-17 04:22PM  Investor's Business Daily]
▶ Why These Top China Growth Stocks With Earnings Due Should Be On Your List   [May-07-17 10:32AM  Investor's Business Daily]
▶ ETFs with exposure to Autohome, Inc. : April 27, 2017   [Apr-27-17 03:44PM  Capital Cube]
▶ As Weibo Rises, This Other Chinese Internet Stock Also Climbs   [12:18PM  Investor's Business Daily]
▶ Which Companies Are Now Outperforming 95% Of All Stocks?   [11:29AM  Investor's Business Daily]
▶ Autohome Inc. Files Its Annual Report on Form 20-F   [Apr-25-17 05:00PM  GlobeNewswire]
▶ Why Autohome (ATHM) Could Be a Potential Winner   [Mar-10-17 08:40AM  Zacks]
▶ Near a 3-Year Low, Is 58.com Inc. (ADR) a Buy?   [Dec-09-16 10:19AM  at Motley Fool]
▶ Hedge Funds Are Buying The Timken Company (TKR)   [Dec-08-16 02:23AM  at Insider Monkey]
▶ Tiger Pacific Capitals Bets on China Lead to Big Q3   [Nov-07-16 02:34PM  at Insider Monkey]
▶ Autohome Inc. Announces Board Change   [Oct-03-16 06:00AM  GlobeNewswire]
▶ Will Autohome (ATHM) Stock Be Helped by Upgrade?   [Aug-17-16 02:32PM  at TheStreet]
▶ Autohome Inc. Announces Board Change   [06:00AM  GlobeNewswire]
Stock chart of ATHM Financial statements of ATHM
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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