Intrinsic value of Weibo ADR - WB

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$72.25

  Intrinsic Value

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  Value-price divergence*

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

We calculate the intrinsic value of WB 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 15.1

 

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, %
  37.24
  43.10
  39.29
  35.86
  32.77
  30.00
  27.50
  25.25
  23.22
  21.40
  19.76
  18.28
  16.96
  15.76
  14.68
  13.72
  12.84
  12.06
  11.35
  10.72
  10.15
  9.63
  9.17
  8.75
  8.38
  8.04
  7.74
  7.46
  7.22
  6.99
  6.79
Revenue, $m
  656
  684
  953
  1,294
  1,719
  2,234
  2,849
  3,568
  4,396
  5,337
  6,392
  7,561
  8,843
  10,236
  11,740
  13,350
  15,064
  16,881
  18,798
  20,813
  22,925
  25,133
  27,437
  29,838
  32,338
  34,938
  37,640
  40,449
  43,367
  46,400
  49,553
Variable operating expenses, $m
 
  399
  555
  754
  1,001
  1,301
  1,658
  2,077
  2,558
  3,106
  3,719
  4,398
  5,144
  5,954
  6,829
  7,766
  8,763
  9,820
  10,935
  12,107
  13,335
  14,620
  15,960
  17,357
  18,811
  20,323
  21,895
  23,529
  25,227
  26,991
  28,825
Fixed operating expenses, $m
 
  169
  173
  178
  182
  187
  191
  196
  201
  206
  211
  216
  222
  227
  233
  239
  245
  251
  257
  264
  270
  277
  284
  291
  298
  306
  314
  321
  329
  338
  346
Total operating expenses, $m
  515
  568
  728
  932
  1,183
  1,488
  1,849
  2,273
  2,759
  3,312
  3,930
  4,614
  5,366
  6,181
  7,062
  8,005
  9,008
  10,071
  11,192
  12,371
  13,605
  14,897
  16,244
  17,648
  19,109
  20,629
  22,209
  23,850
  25,556
  27,329
  29,171
Operating income, $m
  141
  116
  224
  363
  536
  747
  999
  1,295
  1,637
  2,025
  2,461
  2,946
  3,477
  4,054
  4,678
  5,345
  6,057
  6,810
  7,606
  8,442
  9,319
  10,236
  11,193
  12,190
  13,229
  14,309
  15,431
  16,598
  17,811
  19,072
  20,382
EBITDA, $m
  155
  126
  237
  380
  558
  776
  1,036
  1,341
  1,693
  2,094
  2,543
  3,041
  3,588
  4,183
  4,825
  5,513
  6,246
  7,023
  7,843
  8,704
  9,608
  10,553
  11,539
  12,566
  13,636
  14,749
  15,906
  17,108
  18,358
  19,656
  21,006
Interest expense (income), $m
  3
  0
  3
  8
  13
  20
  28
  38
  49
  63
  78
  94
  113
  133
  156
  180
  205
  233
  262
  292
  324
  358
  393
  430
  468
  508
  550
  593
  638
  684
  733
Earnings before tax, $m
  110
  116
  221
  355
  523
  727
  971
  1,257
  1,588
  1,963
  2,384
  2,852
  3,364
  3,921
  4,522
  5,166
  5,851
  6,578
  7,344
  8,150
  8,995
  9,878
  10,800
  11,760
  12,760
  13,800
  14,882
  16,005
  17,173
  18,387
  19,649
Tax expense, $m
  4
  31
  60
  96
  141
  196
  262
  339
  429
  530
  644
  770
  908
  1,059
  1,221
  1,395
  1,580
  1,776
  1,983
  2,200
  2,429
  2,667
  2,916
  3,175
  3,445
  3,726
  4,018
  4,321
  4,637
  4,965
  5,305
Net income, $m
  108
  85
  161
  259
  382
  531
  709
  918
  1,159
  1,433
  1,740
  2,082
  2,456
  2,862
  3,301
  3,771
  4,271
  4,802
  5,361
  5,949
  6,566
  7,211
  7,884
  8,585
  9,315
  10,074
  10,864
  11,684
  12,537
  13,423
  14,344

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  396
  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
  1,037
  720
  1,003
  1,363
  1,809
  2,352
  2,999
  3,756
  4,628
  5,618
  6,728
  7,959
  9,308
  10,775
  12,357
  14,052
  15,857
  17,770
  19,787
  21,908
  24,131
  26,455
  28,881
  31,409
  34,040
  36,776
  39,621
  42,577
  45,650
  48,842
  52,161
Adjusted assets (=assets-cash), $m
  641
  720
  1,003
  1,363
  1,809
  2,352
  2,999
  3,756
  4,628
  5,618
  6,728
  7,959
  9,308
  10,775
  12,357
  14,052
  15,857
  17,770
  19,787
  21,908
  24,131
  26,455
  28,881
  31,409
  34,040
  36,776
  39,621
  42,577
  45,650
  48,842
  52,161
Revenue / Adjusted assets
  1.023
  0.950
  0.950
  0.949
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
  0.950
Average production assets, $m
  25
  43
  60
  82
  108
  141
  179
  225
  277
  336
  403
  476
  557
  645
  740
  841
  949
  1,064
  1,184
  1,311
  1,444
  1,583
  1,729
  1,880
  2,037
  2,201
  2,371
  2,548
  2,732
  2,923
  3,122
Working capital, $m
  319
  -67
  -93
  -127
  -168
  -219
  -279
  -350
  -431
  -523
  -626
  -741
  -867
  -1,003
  -1,150
  -1,308
  -1,476
  -1,654
  -1,842
  -2,040
  -2,247
  -2,463
  -2,689
  -2,924
  -3,169
  -3,424
  -3,689
  -3,964
  -4,250
  -4,547
  -4,856
Total debt, $m
  0
  94
  216
  372
  565
  800
  1,080
  1,408
  1,786
  2,215
  2,695
  3,228
  3,812
  4,448
  5,133
  5,867
  6,648
  7,476
  8,350
  9,268
  10,231
  11,237
  12,288
  13,382
  14,521
  15,706
  16,938
  18,218
  19,548
  20,931
  22,368
Total liabilities, $m
  284
  312
  434
  590
  783
  1,018
  1,298
  1,626
  2,004
  2,433
  2,913
  3,446
  4,030
  4,666
  5,351
  6,085
  6,866
  7,694
  8,568
  9,486
  10,449
  11,455
  12,506
  13,600
  14,739
  15,924
  17,156
  18,436
  19,766
  21,149
  22,586
Total equity, $m
  753
  408
  569
  773
  1,026
  1,333
  1,700
  2,129
  2,624
  3,186
  3,815
  4,513
  5,278
  6,109
  7,007
  7,968
  8,991
  10,075
  11,219
  12,422
  13,682
  15,000
  16,376
  17,809
  19,301
  20,852
  22,465
  24,141
  25,883
  27,694
  29,575
Total liabilities and equity, $m
  1,037
  720
  1,003
  1,363
  1,809
  2,351
  2,998
  3,755
  4,628
  5,619
  6,728
  7,959
  9,308
  10,775
  12,358
  14,053
  15,857
  17,769
  19,787
  21,908
  24,131
  26,455
  28,882
  31,409
  34,040
  36,776
  39,621
  42,577
  45,649
  48,843
  52,161
Debt-to-equity ratio
  0.000
  0.230
  0.380
  0.480
  0.550
  0.600
  0.640
  0.660
  0.680
  0.700
  0.710
  0.720
  0.720
  0.730
  0.730
  0.740
  0.740
  0.740
  0.740
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.760
  0.760
  0.760
Adjusted equity ratio
  0.557
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567
  0.567

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  108
  85
  161
  259
  382
  531
  709
  918
  1,159
  1,433
  1,740
  2,082
  2,456
  2,862
  3,301
  3,771
  4,271
  4,802
  5,361
  5,949
  6,566
  7,211
  7,884
  8,585
  9,315
  10,074
  10,864
  11,684
  12,537
  13,423
  14,344
Depreciation, amort., depletion, $m
  14
  10
  13
  17
  23
  29
  37
  46
  56
  68
  82
  95
  111
  129
  148
  168
  190
  213
  237
  262
  289
  317
  346
  376
  407
  440
  474
  510
  546
  585
  624
Funds from operations, $m
  272
  94
  174
  277
  404
  560
  746
  964
  1,215
  1,501
  1,822
  2,177
  2,567
  2,991
  3,449
  3,939
  4,461
  5,014
  5,598
  6,212
  6,855
  7,527
  8,229
  8,961
  9,722
  10,514
  11,338
  12,194
  13,083
  14,007
  14,968
Change in working capital, $m
  36
  -20
  -26
  -33
  -42
  -51
  -60
  -70
  -81
  -92
  -103
  -115
  -126
  -137
  -147
  -158
  -168
  -178
  -188
  -197
  -207
  -216
  -226
  -235
  -245
  -255
  -265
  -275
  -286
  -297
  -309
Cash from operations, $m
  236
  110
  201
  310
  446
  611
  806
  1,034
  1,297
  1,593
  1,925
  2,292
  2,693
  3,128
  3,596
  4,097
  4,629
  5,192
  5,786
  6,409
  7,062
  7,744
  8,455
  9,196
  9,967
  10,769
  11,603
  12,469
  13,369
  14,305
  15,277
Maintenance CAPEX, $m
  0
  -6
  -9
  -12
  -16
  -22
  -28
  -36
  -45
  -55
  -67
  -81
  -95
  -111
  -129
  -148
  -168
  -190
  -213
  -237
  -262
  -289
  -317
  -346
  -376
  -407
  -440
  -474
  -510
  -546
  -585
New CAPEX, $m
  -13
  -13
  -17
  -22
  -27
  -32
  -39
  -45
  -52
  -59
  -66
  -74
  -81
  -88
  -95
  -101
  -108
  -114
  -121
  -127
  -133
  -139
  -145
  -151
  -157
  -164
  -170
  -177
  -184
  -191
  -199
Cash from investing activities, $m
  -97
  -19
  -26
  -34
  -43
  -54
  -67
  -81
  -97
  -114
  -133
  -155
  -176
  -199
  -224
  -249
  -276
  -304
  -334
  -364
  -395
  -428
  -462
  -497
  -533
  -571
  -610
  -651
  -694
  -737
  -784
Free cash flow, $m
  139
  90
  175
  277
  403
  556
  739
  953
  1,199
  1,479
  1,792
  2,137
  2,517
  2,929
  3,373
  3,848
  4,353
  4,888
  5,452
  6,045
  6,667
  7,316
  7,993
  8,699
  9,434
  10,198
  10,992
  11,818
  12,676
  13,567
  14,494
Issuance/(repayment) of debt, $m
  0
  94
  122
  156
  193
  235
  280
  328
  378
  429
  481
  533
  584
  635
  685
  734
  782
  828
  874
  918
  963
  1,006
  1,050
  1,094
  1,139
  1,185
  1,232
  1,280
  1,330
  1,382
  1,437
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  
  3
  94
  122
  156
  193
  235
  280
  328
  378
  429
  481
  533
  584
  635
  685
  734
  782
  828
  874
  918
  963
  1,006
  1,050
  1,094
  1,139
  1,185
  1,232
  1,280
  1,330
  1,382
  1,437
Total cash flow (excl. dividends), $m
  127
  184
  298
  432
  596
  791
  1,019
  1,281
  1,577
  1,908
  2,272
  2,670
  3,101
  3,564
  4,058
  4,581
  5,135
  5,716
  6,326
  6,964
  7,629
  8,322
  9,044
  9,794
  10,573
  11,383
  12,224
  13,098
  14,006
  14,950
  15,931
Retained Cash Flow (-), $m
  -132
  -123
  -160
  -204
  -253
  -308
  -367
  -429
  -495
  -562
  -629
  -698
  -765
  -832
  -897
  -961
  -1,023
  -1,084
  -1,144
  -1,203
  -1,260
  -1,318
  -1,375
  -1,433
  -1,492
  -1,552
  -1,613
  -1,676
  -1,742
  -1,810
  -1,882
Prev. year cash balance distribution, $m
 
  336
  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
 
  397
  137
  228
  343
  484
  653
  852
  1,083
  1,346
  1,643
  1,973
  2,336
  2,732
  3,160
  3,620
  4,111
  4,632
  5,182
  5,761
  6,369
  7,004
  7,668
  8,361
  9,081
  9,831
  10,611
  11,422
  12,264
  13,139
  14,049
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
 
  381
  126
  199
  282
  375
  474
  575
  677
  773
  861
  937
  997
  1,039
  1,061
  1,063
  1,045
  1,008
  954
  887
  809
  724
  636
  548
  463
  382
  310
  245
  190
  143
  106
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

Weibo Corporation operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Other Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform; and notifications to notify users on Weibo account activities through SMS or push notification on their device. It also provides third-party online games, including role playing, card, strategy, and real life simulation games, as well as various services and functions to VIP members; and develops mobile apps comprising Weibo Headlines that aggregates news and information from Weibo and other online sources, as well as Weibo Weather, a weather app. In addition, the company offers advertising and marketing solutions, such as social display ads; and promoted feeds, accounts, and trends to enable its customers to promote their brands and conduct marketing activities. Further, it provides products that allow its platform partners to link their Websites and mobile apps to its platform, enabling their users to share content to Weibo; application programming interfaces, which allow third-party developers to build apps to serve individual and organization users; Weibo Credit that allows its users to purchase in-game virtual items and other fee-based services on Weibo, as well as for its platform partners to receive payment in a secure and trusted environment; and Weibo wallet, enabling individuals and businesses to hand out red envelops to build a follower base. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of SINA Corporation.

FINANCIAL RATIOS  of  Weibo ADR (WB)

Valuation Ratios
P/E Ratio 145.9
Price to Sales 24
Price to Book 20.9
Price to Tangible Book
Price to Cash Flow 66.8
Price to Free Cash Flow 70.7
Growth Rates
Sales Growth Rate 37.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 18.2%
Cap. Spend. - 3 Yr. Gr. Rate 1.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 38
Management Effectiveness
Return On Assets 11.8%
Ret/ On Assets - 3 Yr. Avg. 2.1%
Return On Total Capital 15.7%
Ret/ On T. Cap. - 3 Yr. Avg. 1.8%
Return On Equity 15.7%
Return On Equity - 3 Yr. Avg. 1.8%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 73.9%
Gross Margin - 3 Yr. Avg. 73.1%
EBITDA Margin 19.4%
EBITDA Margin - 3 Yr. Avg. 6.4%
Operating Margin 21.5%
Oper. Margin - 3 Yr. Avg. 7.6%
Pre-Tax Margin 16.8%
Pre-Tax Margin - 3 Yr. Avg. 1.8%
Net Profit Margin 16.5%
Net Profit Margin - 3 Yr. Avg. 1.4%
Effective Tax Rate 3.6%
Eff/ Tax Rate - 3 Yr. Avg. 3.4%
Payout Ratio 0%

WB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WB stock intrinsic value calculation we used $478 million for the last fiscal year's total revenue generated by Weibo ADR. The default revenue input number comes from 2016 income statement of Weibo 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 WB stock valuation model: a) initial revenue growth rate of 43.1% 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 WB is calculated based on our internal credit rating of Weibo 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 Weibo 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 WB stock the variable cost ratio is equal to 58.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $165 million in the base year in the intrinsic value calculation for WB 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 Weibo ADR.

Corporate tax rate of 27% is the nominal tax rate for Weibo 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 WB 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 WB are equal to 6.3%.

Life of production assets of 2 years is the average useful life of capital assets used in Weibo 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 WB is equal to -9.8%. 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 - $621 million for Weibo 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 208.911 million for Weibo 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 Weibo ADR at the current share price and the inputted number of shares is $15.1 billion.


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Stock chart of WB Financial statements of WB Annual reports of WB
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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