Intrinsic value of Jumei International Holding ADR - JMEI

Previous Close

$3.63

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$3.63

 
Intrinsic value

$185.42

 
Up/down potential

+999%

 
Rating

str. buy

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

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

We calculate the intrinsic value of JMEI 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 2015), $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 0.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2015(a)
   2016
   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

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  88.97
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  1,062
  1,699
  2,625
  3,926
  5,697
  8,037
  11,049
  14,831
  19,474
  25,058
  31,651
  39,303
  48,052
  57,919
  68,912
  81,028
  94,255
  108,574
  123,961
  140,393
  157,843
  176,290
  195,713
  216,099
  237,438
  259,727
  282,969
  307,173
  332,355
  358,540
  385,755
Variable operating expenses, $m
 
  1,543
  2,383
  3,564
  5,172
  7,296
  10,031
  13,464
  17,679
  22,749
  28,733
  35,680
  43,622
  52,579
  62,559
  73,558
  85,566
  98,565
  112,534
  127,450
  143,292
  160,038
  177,671
  196,178
  215,549
  235,783
  256,882
  278,855
  301,716
  325,486
  350,193
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
  1,040
  1,543
  2,383
  3,564
  5,172
  7,296
  10,031
  13,464
  17,679
  22,749
  28,733
  35,680
  43,622
  52,579
  62,559
  73,558
  85,566
  98,565
  112,534
  127,450
  143,292
  160,038
  177,671
  196,178
  215,549
  235,783
  256,882
  278,855
  301,716
  325,486
  350,193
Operating income, $m
  22
  156
  242
  362
  525
  741
  1,018
  1,367
  1,795
  2,310
  2,918
  3,623
  4,430
  5,339
  6,353
  7,470
  8,689
  10,009
  11,428
  12,943
  14,551
  16,252
  18,042
  19,922
  21,889
  23,944
  26,086
  28,318
  30,639
  33,053
  35,562
EBITDA, $m
  26
  159
  246
  368
  534
  754
  1,036
  1,391
  1,826
  2,350
  2,968
  3,686
  4,507
  5,432
  6,463
  7,599
  8,840
  10,183
  11,626
  13,167
  14,804
  16,534
  18,356
  20,268
  22,269
  24,359
  26,539
  28,809
  31,171
  33,627
  36,179
Interest expense (income), $m
  0
  0
  4
  10
  19
  30
  45
  65
  89
  120
  156
  199
  248
  305
  369
  441
  519
  605
  698
  798
  905
  1,018
  1,138
  1,264
  1,396
  1,535
  1,680
  1,831
  1,988
  2,151
  2,321
Earnings before tax, $m
  30
  156
  238
  352
  506
  711
  973
  1,302
  1,706
  2,190
  2,762
  3,425
  4,181
  5,034
  5,984
  7,029
  8,170
  9,404
  10,730
  12,144
  13,647
  15,234
  16,905
  18,658
  20,493
  22,409
  24,407
  26,487
  28,652
  30,902
  33,241
Tax expense, $m
  10
  42
  64
  95
  137
  192
  263
  352
  461
  591
  746
  925
  1,129
  1,359
  1,616
  1,898
  2,206
  2,539
  2,897
  3,279
  3,685
  4,113
  4,564
  5,038
  5,533
  6,050
  6,590
  7,152
  7,736
  8,344
  8,975
Net income, $m
  18
  114
  173
  257
  370
  519
  710
  951
  1,245
  1,599
  2,016
  2,500
  3,052
  3,675
  4,368
  5,131
  5,964
  6,865
  7,833
  8,865
  9,962
  11,121
  12,340
  13,620
  14,960
  16,358
  17,817
  19,336
  20,916
  22,558
  24,266

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  423
  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
  722
  478
  739
  1,105
  1,604
  2,263
  3,111
  4,175
  5,483
  7,055
  8,911
  11,065
  13,528
  16,306
  19,401
  22,812
  26,536
  30,567
  34,899
  39,525
  44,438
  49,631
  55,099
  60,839
  66,846
  73,121
  79,665
  86,479
  93,569
  100,940
  108,602
Adjusted assets (=assets-cash), $m
  299
  478
  739
  1,105
  1,604
  2,263
  3,111
  4,175
  5,483
  7,055
  8,911
  11,065
  13,528
  16,306
  19,401
  22,812
  26,536
  30,567
  34,899
  39,525
  44,438
  49,631
  55,099
  60,839
  66,846
  73,121
  79,665
  86,479
  93,569
  100,940
  108,602
Revenue / Adjusted assets
  3.552
  3.554
  3.552
  3.553
  3.552
  3.551
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
  3.552
Average production assets, $m
  8
  14
  21
  31
  46
  64
  88
  119
  156
  200
  253
  314
  384
  463
  551
  648
  754
  869
  992
  1,123
  1,263
  1,410
  1,566
  1,729
  1,900
  2,078
  2,264
  2,457
  2,659
  2,868
  3,086
Working capital, $m
  492
  110
  171
  255
  370
  522
  718
  964
  1,266
  1,629
  2,057
  2,555
  3,123
  3,765
  4,479
  5,267
  6,127
  7,057
  8,057
  9,126
  10,260
  11,459
  12,721
  14,046
  15,433
  16,882
  18,393
  19,966
  21,603
  23,305
  25,074
Total debt, $m
  1
  119
  291
  532
  861
  1,295
  1,854
  2,556
  3,417
  4,453
  5,676
  7,096
  8,719
  10,550
  12,589
  14,837
  17,291
  19,948
  22,802
  25,851
  29,089
  32,511
  36,115
  39,897
  43,856
  47,991
  52,303
  56,794
  61,466
  66,324
  71,373
Total liabilities, $m
  197
  315
  487
  728
  1,057
  1,491
  2,050
  2,752
  3,613
  4,649
  5,872
  7,292
  8,915
  10,746
  12,785
  15,033
  17,487
  20,144
  22,998
  26,047
  29,285
  32,707
  36,311
  40,093
  44,052
  48,187
  52,499
  56,990
  61,662
  66,520
  71,569
Total equity, $m
  525
  163
  252
  377
  547
  772
  1,061
  1,424
  1,870
  2,406
  3,039
  3,773
  4,613
  5,560
  6,616
  7,779
  9,049
  10,423
  11,901
  13,478
  15,153
  16,924
  18,789
  20,746
  22,795
  24,934
  27,166
  29,489
  31,907
  34,421
  37,033
Total liabilities and equity, $m
  722
  478
  739
  1,105
  1,604
  2,263
  3,111
  4,176
  5,483
  7,055
  8,911
  11,065
  13,528
  16,306
  19,401
  22,812
  26,536
  30,567
  34,899
  39,525
  44,438
  49,631
  55,100
  60,839
  66,847
  73,121
  79,665
  86,479
  93,569
  100,941
  108,602
Debt-to-equity ratio
  0.002
  0.730
  1.150
  1.410
  1.570
  1.680
  1.750
  1.790
  1.830
  1.850
  1.870
  1.880
  1.890
  1.900
  1.900
  1.910
  1.910
  1.910
  1.920
  1.920
  1.920
  1.920
  1.920
  1.920
  1.920
  1.920
  1.930
  1.930
  1.930
  1.930
  1.930
Adjusted equity ratio
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341
  0.341

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  18
  114
  173
  257
  370
  519
  710
  951
  1,245
  1,599
  2,016
  2,500
  3,052
  3,675
  4,368
  5,131
  5,964
  6,865
  7,833
  8,865
  9,962
  11,121
  12,340
  13,620
  14,960
  16,358
  17,817
  19,336
  20,916
  22,558
  24,266
Depreciation, amort., depletion, $m
  4
  3
  4
  6
  9
  13
  18
  24
  31
  40
  51
  63
  77
  93
  110
  130
  151
  174
  198
  225
  253
  282
  313
  346
  380
  416
  453
  491
  532
  574
  617
Funds from operations, $m
  -11
  117
  178
  263
  379
  532
  728
  975
  1,276
  1,639
  2,067
  2,563
  3,129
  3,768
  4,478
  5,261
  6,115
  7,039
  8,031
  9,090
  10,214
  11,403
  12,654
  13,966
  15,340
  16,774
  18,270
  19,827
  21,447
  23,132
  24,883
Change in working capital, $m
  -33
  41
  60
  85
  115
  152
  196
  246
  302
  363
  429
  497
  569
  641
  715
  788
  860
  931
  1,000
  1,068
  1,134
  1,199
  1,263
  1,325
  1,387
  1,449
  1,511
  1,573
  1,637
  1,702
  1,769
Cash from operations, $m
  22
  76
  118
  179
  264
  380
  532
  729
  975
  1,276
  1,638
  2,065
  2,561
  3,126
  3,764
  4,473
  5,255
  6,108
  7,031
  8,022
  9,080
  10,204
  11,391
  12,641
  13,953
  15,325
  16,759
  18,254
  19,810
  21,430
  23,114
Maintenance CAPEX, $m
  0
  -2
  -3
  -4
  -6
  -9
  -13
  -18
  -24
  -31
  -40
  -51
  -63
  -77
  -93
  -110
  -130
  -151
  -174
  -198
  -225
  -253
  -282
  -313
  -346
  -380
  -416
  -453
  -491
  -532
  -574
New CAPEX, $m
  -5
  -6
  -7
  -10
  -14
  -19
  -24
  -30
  -37
  -45
  -53
  -61
  -70
  -79
  -88
  -97
  -106
  -115
  -123
  -131
  -140
  -148
  -155
  -163
  -171
  -178
  -186
  -194
  -201
  -209
  -218
Cash from investing activities, $m
  200
  -8
  -10
  -14
  -20
  -28
  -37
  -48
  -61
  -76
  -93
  -112
  -133
  -156
  -181
  -207
  -236
  -266
  -297
  -329
  -365
  -401
  -437
  -476
  -517
  -558
  -602
  -647
  -692
  -741
  -792
Free cash flow, $m
  222
  68
  108
  164
  243
  352
  495
  681
  914
  1,200
  1,546
  1,954
  2,428
  2,971
  3,583
  4,266
  5,020
  5,843
  6,734
  7,692
  8,716
  9,804
  10,954
  12,165
  13,436
  14,767
  16,157
  17,607
  19,118
  20,689
  22,323
Issuance/(repayment) of debt, $m
  -1
  118
  172
  241
  328
  434
  559
  702
  861
  1,036
  1,223
  1,420
  1,623
  1,831
  2,040
  2,248
  2,454
  2,657
  2,855
  3,048
  3,238
  3,422
  3,604
  3,782
  3,959
  4,135
  4,312
  4,491
  4,672
  4,858
  5,049
Issuance/(repurchase) of shares, $m
  1
  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  
  1
  118
  172
  241
  328
  434
  559
  702
  861
  1,036
  1,223
  1,420
  1,623
  1,831
  2,040
  2,248
  2,454
  2,657
  2,855
  3,048
  3,238
  3,422
  3,604
  3,782
  3,959
  4,135
  4,312
  4,491
  4,672
  4,858
  5,049
Total cash flow (excl. dividends), $m
  225
  187
  279
  405
  572
  786
  1,054
  1,382
  1,775
  2,236
  2,769
  3,373
  4,051
  4,801
  5,623
  6,514
  7,474
  8,499
  9,589
  10,741
  11,954
  13,226
  14,557
  15,947
  17,395
  18,902
  20,469
  22,098
  23,790
  25,547
  27,372
Retained Cash Flow (-), $m
  -38
  -61
  -89
  -125
  -170
  -225
  -289
  -363
  -446
  -536
  -633
  -735
  -840
  -947
  -1,055
  -1,163
  -1,270
  -1,375
  -1,477
  -1,577
  -1,675
  -1,771
  -1,865
  -1,957
  -2,049
  -2,140
  -2,231
  -2,324
  -2,418
  -2,514
  -2,613
Prev. year cash balance distribution, $m
 
  423
  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
 
  549
  190
  280
  402
  561
  765
  1,019
  1,329
  1,700
  2,136
  2,639
  3,211
  3,854
  4,567
  5,351
  6,204
  7,125
  8,112
  9,163
  10,278
  11,455
  12,692
  13,990
  15,346
  16,762
  18,238
  19,774
  21,372
  23,033
  24,759
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
 
  526
  174
  244
  331
  435
  555
  689
  831
  977
  1,120
  1,253
  1,370
  1,465
  1,533
  1,571
  1,577
  1,550
  1,494
  1,411
  1,306
  1,185
  1,053
  917
  782
  652
  532
  424
  331
  251
  186
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

Jumei International Holding Limited operates as an online retailer of beauty products in the People’s Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It also provides apparel and other lifestyle products, including women’s wear, footwear, lingerie, handbags and luggage, men’s wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks and health supplements. The company sells its products through Jumei.com and Jumeiglobal.com Websites, mobile platform, and physical stores. Jumei International Holding Limited was founded in 2009 and is headquartered in Beijing, the People’s Republic of China.

FINANCIAL RATIOS  of  Jumei International Holding ADR (JMEI)

Valuation Ratios
P/E Ratio 29.6
Price to Sales 0.5
Price to Book 1
Price to Tangible Book
Price to Cash Flow 24.2
Price to Free Cash Flow 31.3
Growth Rates
Sales Growth Rate 89%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -16.7%
Cap. Spend. - 3 Yr. Gr. Rate 20.1%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 0.2%
Total Debt to Equity 0.2%
Interest Coverage 0
Management Effectiveness
Return On Assets 2.6%
Ret/ On Assets - 3 Yr. Avg. 11.2%
Return On Total Capital 3.6%
Ret/ On T. Cap. - 3 Yr. Avg. 24.3%
Return On Equity 3.6%
Return On Equity - 3 Yr. Avg. 24.5%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 28.8%
Gross Margin - 3 Yr. Avg. 36.6%
EBITDA Margin 3.2%
EBITDA Margin - 3 Yr. Avg. 8.3%
Operating Margin 2.1%
Oper. Margin - 3 Yr. Avg. 6.5%
Pre-Tax Margin 2.8%
Pre-Tax Margin - 3 Yr. Avg. 8%
Net Profit Margin 1.7%
Net Profit Margin - 3 Yr. Avg. 5.8%
Effective Tax Rate 33.3%
Eff/ Tax Rate - 3 Yr. Avg. 28.9%
Payout Ratio 0%

JMEI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the JMEI stock intrinsic value calculation we used $1062 million for the last fiscal year's total revenue generated by Jumei International Holding ADR. The default revenue input number comes from 2015 income statement of Jumei International Holding 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 JMEI stock valuation model: a) initial revenue growth rate of 60% 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 JMEI is calculated based on our internal credit rating of Jumei International Holding 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 Jumei International Holding 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 JMEI stock the variable cost ratio is equal to 90.8%.

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 JMEI 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 Jumei International Holding ADR.

Corporate tax rate of 27% is the nominal tax rate for Jumei International Holding 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 JMEI 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 JMEI are equal to 0.8%.

Life of production assets of 2.5 years is the average useful life of capital assets used in Jumei International Holding 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 JMEI is equal to 6.5%. 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 - $525 million for Jumei International Holding 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 146.32 million for Jumei International Holding 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 Jumei International Holding ADR at the current share price and the inputted number of shares is $0.5 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
VIPS Vipshop Holdin 13.80 94.67  str.buy
AMZN Amazon.com 898.53 928.38  hold
JD JD.com ADR 34.35 426.80  str.buy
NTES Netease ADR 268.97 3,117.13  str.buy
BABA Alibaba Group 113.11 546.82  str.buy
PERF Perfumania Hol 1.10 0.73  sell

COMPANY NEWS

▶ Jumei Reports Unaudited First Half 2016 Financial Results   [Dec-23-16 05:00PM  GlobeNewswire]
▶ Do Hedge Funds Love Cincinnati Bell Inc. (CBB)?   [Dec-11-16 04:54PM  at Insider Monkey]
▶ Jumei to Hold Annual General Meeting on December 16, 2016   [Nov-04-16 07:00AM  GlobeNewswire]
▶ Is Jumei International Overbought? (JMEI)   [Oct-07-16 03:10PM  at Investopedia]
▶ Valeant Once More Makes Mondays 52-Week Low Club   [Jun-20-16 04:04PM  at 24/7 Wall St.]
▶ JUMEI INTERNATIONAL HOLDING LTD Financials   [01:04PM  EDGAR Online Financials]
▶ Jumei Files 2015 Annual Report on Form 20-F   [Apr-29-16 04:30PM  GlobeNewswire]
▶ Jumei Announces Resignation of Co-CFOs   [Apr-01-16 04:30PM  PR Newswire]
▶ Jumei (JMEI) Stock Soars on Possible Privatization   [Feb-17-16 02:48PM  at TheStreet]
▶ [$$] Jumei Receives Management-Led Go-Private Proposal   [10:47AM  at The Wall Street Journal]
▶ One Reason Jumei Intl (JMEI) Stock is Soaring Today   [Feb-16-16 02:41PM  at TheStreet]
▶ Why Jumei Intl (JMEI) Stock is Tumbling Today   [Jan-04-16 12:18PM  at TheStreet]
▶ Why Jumei (JMEI) Stock is Down Today   [Dec-28  03:13PM  at TheStreet]
▶ Hedge Funds Are Betting On Houlihan Lokey Inc (HLI)   [Dec-14  01:13PM  at Insider Monkey]
▶ 4 Stocks Under $10 Making Breakout Moves   [Dec-09  06:30AM  at TheStreet]
▶ Hedge Funds Are Dumping Pattern Energy Group Inc (PEGI)   [Nov-25  05:15PM  at Insider Monkey]
▶ 5 Hated Stocks You Should Love   [12:42PM  at TheStreet]
▶ China Ends One-Child Policy: Which Stocks Will Benefit?   [Oct-29  11:10PM  at Barrons.com]
▶ Alibaba Gears Up For Biggest Shopping Day Of Year   [Oct-13  02:40PM  at Investor's Business Daily]
▶ Why Jumei Intl (JMEI) Stock is Spiking Wednesday   [Oct-07  03:19PM  at TheStreet]
▶ 3 Stocks Under $10 to Trade for Big Breakouts   [Sep-29  02:36PM  at TheStreet]
▶ Jumei Intl (JMEI) Stock Plunging as China Markets Fall   [Aug-21  10:51AM  at TheStreet]
▶ 5 Hated Earnings Stocks You Should Love   [Aug-18  09:08AM  at TheStreet]
▶ JD.com: Competition Is Coming, Morgan Stanley Downgrades   [Aug-10  03:19AM  at Barrons.com]
▶ Stocks Slide At Open, But Trim Losses   [10:31AM  at Investor's Business Daily]
▶ Jumei Announces Strategic Investment in BabyTree   [Jul-22  06:22AM  PR Newswire]
▶ Stocks Hit New Session Lows; Taser Triggers Sell Signal   [Jun-29  11:56AM  at Investor's Business Daily]
▶ Jumei to Attend Upcoming Conferences in June 2015   [May-29  07:00AM  PR Newswire]
▶ Jumei Co-CFO Says China Tariff Cut Has Minimum Impact   [May-26  09:14PM  at Bloomberg]
▶ Jumei Int'l. (JMEI) Stock Slumps Despite Earnings Beat   [May-22  11:32AM  at TheStreet]
▶ Can Jumei Maintain Its Healthy Glow?   [12:01AM  at Barrons.com]
▶ Beauty Products Retailer Jumei Set For Q1 Earnings   [May-20  04:54PM  at Investor's Business Daily]
Stock chart of JMEI Financial statements of JMEI
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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.