Intrinsic value of 58.com ADR - WUBA

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$44.29

  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 WUBA 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 7.2

 

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, %
  69.44
  43.70
  39.83
  36.35
  33.21
  30.39
  27.85
  25.57
  23.51
  21.66
  19.99
  18.49
  17.14
  15.93
  14.84
  13.85
  12.97
  12.17
  11.45
  10.81
  10.23
  9.71
  9.23
  8.81
  8.43
  8.09
  7.78
  7.50
  7.25
  7.03
  6.82
Revenue, $m
  1,098
  1,027
  1,437
  1,959
  2,609
  3,403
  4,350
  5,462
  6,747
  8,208
  9,849
  11,670
  13,671
  15,849
  18,200
  20,722
  23,409
  26,258
  29,266
  32,429
  35,746
  39,215
  42,836
  46,611
  50,540
  54,627
  58,876
  63,292
  67,881
  72,650
  77,607
Variable operating expenses, $m
 
  854
  1,096
  1,405
  1,790
  2,260
  2,821
  3,479
  4,239
  5,104
  6,075
  6,907
  8,091
  9,379
  10,771
  12,263
  13,854
  15,540
  17,320
  19,192
  21,155
  23,208
  25,351
  27,584
  29,910
  32,328
  34,843
  37,456
  40,172
  42,994
  45,928
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
  1,053
  854
  1,096
  1,405
  1,790
  2,260
  2,821
  3,479
  4,239
  5,104
  6,075
  6,907
  8,091
  9,379
  10,771
  12,263
  13,854
  15,540
  17,320
  19,192
  21,155
  23,208
  25,351
  27,584
  29,910
  32,328
  34,843
  37,456
  40,172
  42,994
  45,928
Operating income, $m
  45
  173
  340
  554
  819
  1,143
  1,530
  1,984
  2,508
  3,104
  3,774
  4,764
  5,580
  6,469
  7,429
  8,459
  9,555
  10,718
  11,946
  13,237
  14,591
  16,007
  17,486
  19,026
  20,630
  22,299
  24,033
  25,836
  27,709
  29,655
  31,679
EBITDA, $m
  104
  429
  600
  818
  1,090
  1,422
  1,818
  2,282
  2,819
  3,429
  4,115
  4,876
  5,712
  6,622
  7,605
  8,658
  9,781
  10,971
  12,228
  13,550
  14,936
  16,385
  17,898
  19,475
  21,117
  22,825
  24,600
  26,445
  28,363
  30,355
  32,426
Interest expense (income), $m
  0
  0
  15
  35
  59
  91
  129
  174
  227
  288
  358
  437
  524
  620
  724
  836
  957
  1,085
  1,222
  1,365
  1,517
  1,675
  1,841
  2,014
  2,195
  2,383
  2,578
  2,781
  2,993
  3,212
  3,440
Earnings before tax, $m
  -119
  173
  325
  519
  760
  1,052
  1,401
  1,810
  2,281
  2,816
  3,416
  4,327
  5,057
  5,850
  6,706
  7,622
  8,599
  9,633
  10,725
  11,872
  13,075
  14,332
  15,644
  17,012
  18,435
  19,916
  21,455
  23,054
  24,716
  26,443
  28,239
Tax expense, $m
  -7
  47
  88
  140
  205
  284
  378
  489
  616
  760
  922
  1,168
  1,365
  1,579
  1,811
  2,058
  2,322
  2,601
  2,896
  3,205
  3,530
  3,870
  4,224
  4,593
  4,978
  5,377
  5,793
  6,225
  6,673
  7,140
  7,624
Net income, $m
  -113
  127
  238
  379
  555
  768
  1,023
  1,321
  1,665
  2,056
  2,494
  3,159
  3,691
  4,270
  4,895
  5,564
  6,277
  7,032
  7,829
  8,667
  9,545
  10,462
  11,420
  12,419
  13,458
  14,539
  15,662
  16,830
  18,043
  19,304
  20,614

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  298
  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
  3,664
  5,086
  7,112
  9,697
  12,918
  16,844
  21,536
  27,042
  33,399
  40,633
  48,757
  57,774
  67,679
  78,460
  90,101
  102,583
  115,886
  129,991
  144,880
  160,540
  176,959
  194,133
  212,061
  230,745
  250,197
  270,431
  291,465
  313,327
  336,044
  359,652
  384,191
Adjusted assets (=assets-cash), $m
  3,366
  5,086
  7,112
  9,697
  12,918
  16,844
  21,536
  27,042
  33,399
  40,633
  48,757
  57,774
  67,679
  78,460
  90,101
  102,583
  115,886
  129,991
  144,880
  160,540
  176,959
  194,133
  212,061
  230,745
  250,197
  270,431
  291,465
  313,327
  336,044
  359,652
  384,191
Revenue / Adjusted assets
  0.326
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
  0.202
Average production assets, $m
  404
  297
  415
  566
  754
  983
  1,257
  1,579
  1,950
  2,372
  2,846
  3,373
  3,951
  4,580
  5,260
  5,989
  6,765
  7,589
  8,458
  9,372
  10,331
  11,333
  12,380
  13,470
  14,606
  15,787
  17,015
  18,291
  19,618
  20,996
  22,428
Working capital, $m
  -407
  -1,078
  -1,507
  -2,055
  -2,737
  -3,569
  -4,563
  -5,730
  -7,077
  -8,610
  -10,331
  -12,242
  -14,341
  -16,626
  -19,092
  -21,737
  -24,556
  -27,545
  -30,700
  -34,018
  -37,497
  -41,136
  -44,935
  -48,895
  -53,016
  -57,304
  -61,761
  -66,393
  -71,207
  -76,210
  -81,409
Total debt, $m
  267
  427
  986
  1,699
  2,588
  3,672
  4,967
  6,486
  8,241
  10,238
  12,480
  14,969
  17,702
  20,678
  23,891
  27,336
  31,008
  34,900
  39,010
  43,332
  47,864
  52,604
  57,552
  62,709
  68,077
  73,662
  79,467
  85,501
  91,771
  98,287
  105,060
Total liabilities, $m
  1,104
  1,404
  1,963
  2,676
  3,565
  4,649
  5,944
  7,463
  9,218
  11,215
  13,457
  15,946
  18,679
  21,655
  24,868
  28,313
  31,985
  35,877
  39,987
  44,309
  48,841
  53,581
  58,529
  63,686
  69,054
  74,639
  80,444
  86,478
  92,748
  99,264
  106,037
Total equity, $m
  2,560
  3,683
  5,149
  7,021
  9,353
  12,195
  15,592
  19,578
  24,181
  29,418
  35,300
  41,828
  48,999
  56,805
  65,233
  74,270
  83,902
  94,113
  104,893
  116,231
  128,119
  140,553
  153,532
  167,060
  181,143
  195,792
  211,021
  226,848
  243,296
  260,388
  278,154
Total liabilities and equity, $m
  3,664
  5,087
  7,112
  9,697
  12,918
  16,844
  21,536
  27,041
  33,399
  40,633
  48,757
  57,774
  67,678
  78,460
  90,101
  102,583
  115,887
  129,990
  144,880
  160,540
  176,960
  194,134
  212,061
  230,746
  250,197
  270,431
  291,465
  313,326
  336,044
  359,652
  384,191
Debt-to-equity ratio
  0.104
  0.120
  0.190
  0.240
  0.280
  0.300
  0.320
  0.330
  0.340
  0.350
  0.350
  0.360
  0.360
  0.360
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
Adjusted equity ratio
  0.751
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -113
  127
  238
  379
  555
  768
  1,023
  1,321
  1,665
  2,056
  2,494
  3,159
  3,691
  4,270
  4,895
  5,564
  6,277
  7,032
  7,829
  8,667
  9,545
  10,462
  11,420
  12,419
  13,458
  14,539
  15,662
  16,830
  18,043
  19,304
  20,614
Depreciation, amort., depletion, $m
  59
  256
  260
  265
  271
  279
  288
  299
  311
  325
  341
  112
  132
  153
  175
  200
  226
  253
  282
  312
  344
  378
  413
  449
  487
  526
  567
  610
  654
  700
  748
Funds from operations, $m
  539
  383
  497
  644
  826
  1,047
  1,311
  1,620
  1,976
  2,381
  2,835
  3,271
  3,823
  4,423
  5,070
  5,764
  6,503
  7,285
  8,111
  8,979
  9,889
  10,840
  11,833
  12,868
  13,945
  15,065
  16,229
  17,439
  18,697
  20,003
  21,362
Change in working capital, $m
  266
  -328
  -429
  -548
  -682
  -832
  -994
  -1,167
  -1,347
  -1,533
  -1,721
  -1,911
  -2,099
  -2,285
  -2,467
  -2,645
  -2,819
  -2,989
  -3,155
  -3,318
  -3,479
  -3,639
  -3,799
  -3,959
  -4,122
  -4,287
  -4,457
  -4,632
  -4,814
  -5,003
  -5,200
Cash from operations, $m
  273
  899
  927
  1,192
  1,508
  1,879
  2,305
  2,787
  3,323
  3,914
  4,556
  5,182
  5,922
  6,708
  7,537
  8,409
  9,321
  10,274
  11,266
  12,297
  13,368
  14,479
  15,632
  16,827
  18,066
  19,352
  20,686
  22,072
  23,510
  25,006
  26,561
Maintenance CAPEX, $m
  0
  -7
  -10
  -14
  -19
  -25
  -33
  -42
  -53
  -65
  -79
  -95
  -112
  -132
  -153
  -175
  -200
  -226
  -253
  -282
  -312
  -344
  -378
  -413
  -449
  -487
  -526
  -567
  -610
  -654
  -700
New CAPEX, $m
  -31
  -90
  -118
  -151
  -188
  -229
  -274
  -321
  -371
  -422
  -474
  -526
  -578
  -629
  -680
  -729
  -777
  -823
  -869
  -914
  -959
  -1,003
  -1,047
  -1,091
  -1,136
  -1,181
  -1,228
  -1,276
  -1,326
  -1,378
  -1,433
Cash from investing activities, $m
  -571
  -97
  -128
  -165
  -207
  -254
  -307
  -363
  -424
  -487
  -553
  -621
  -690
  -761
  -833
  -904
  -977
  -1,049
  -1,122
  -1,196
  -1,271
  -1,347
  -1,425
  -1,504
  -1,585
  -1,668
  -1,754
  -1,843
  -1,936
  -2,032
  -2,133
Free cash flow, $m
  -298
  801
  799
  1,027
  1,301
  1,625
  1,998
  2,423
  2,899
  3,426
  4,003
  4,561
  5,231
  5,947
  6,705
  7,505
  8,345
  9,225
  10,144
  11,101
  12,097
  13,132
  14,208
  15,324
  16,482
  17,684
  18,932
  20,228
  21,575
  22,974
  24,429
Issuance/(repayment) of debt, $m
  1
  427
  559
  713
  889
  1,084
  1,295
  1,520
  1,755
  1,997
  2,242
  2,489
  2,734
  2,976
  3,213
  3,445
  3,672
  3,893
  4,109
  4,322
  4,532
  4,740
  4,948
  5,157
  5,369
  5,584
  5,806
  6,034
  6,270
  6,516
  6,773
Issuance/(repurchase) of shares, $m
  3
  0
  109
  131
  142
  134
  103
  43
  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  
  8
  427
  668
  844
  1,031
  1,218
  1,398
  1,563
  1,755
  1,997
  2,242
  2,489
  2,734
  2,976
  3,213
  3,445
  3,672
  3,893
  4,109
  4,322
  4,532
  4,740
  4,948
  5,157
  5,369
  5,584
  5,806
  6,034
  6,270
  6,516
  6,773
Total cash flow (excl. dividends), $m
  -280
  1,228
  1,358
  1,740
  2,190
  2,708
  3,293
  3,943
  4,654
  5,423
  6,245
  7,049
  7,965
  8,922
  9,918
  10,950
  12,017
  13,118
  14,253
  15,423
  16,629
  17,872
  19,155
  20,481
  21,851
  23,269
  24,738
  26,262
  27,845
  29,490
  31,202
Retained Cash Flow (-), $m
  80
  -1,118
  -1,467
  -1,872
  -2,332
  -2,842
  -3,397
  -3,986
  -4,603
  -5,237
  -5,882
  -6,528
  -7,171
  -7,806
  -8,428
  -9,037
  -9,631
  -10,212
  -10,780
  -11,338
  -11,888
  -12,434
  -12,979
  -13,528
  -14,083
  -14,649
  -15,229
  -15,827
  -16,447
  -17,092
  -17,766
Prev. year cash balance distribution, $m
 
  250
  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
 
  361
  0
  0
  0
  0
  0
  0
  51
  186
  363
  521
  794
  1,117
  1,490
  1,913
  2,385
  2,906
  3,473
  4,086
  4,741
  5,439
  6,176
  6,953
  7,768
  8,620
  9,509
  10,434
  11,397
  12,397
  13,436
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
 
  346
  0
  0
  0
  0
  0
  0
  32
  107
  190
  247
  339
  425
  500
  562
  606
  632
  640
  629
  602
  563
  512
  456
  396
  335
  277
  224
  176
  135
  101
Current shareholders' claim on cash, %
  100
  100.0
  98.9
  97.9
  97.1
  96.6
  96.3
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2
  96.2

58.com Inc. operates an online marketplace for local merchants and consumers in the People’s Republic of China. Its online marketplace enables local merchants and consumers to connect, share information, and conduct business. The company’s online marketplace contains local information in approximately 485 cities in various content categories, including jobs, real estate, used goods, automotive, and yellow pages. It offers membership services, such as merchant certification and listing benefits, as well as display of online storefronts; and online marketing services comprising listing services, such as real-time bidding and priority listing, and marketing services through collaboration with third party Internet companies. 58.com Inc. was founded in 2005 and is headquartered in Beijing, the People’s Republic of China.

FINANCIAL RATIOS  of  58.com ADR (WUBA)

Valuation Ratios
P/E Ratio -113.5
Price to Sales 11.7
Price to Book 5
Price to Tangible Book
Price to Cash Flow 47
Price to Free Cash Flow 53
Growth Rates
Sales Growth Rate 69.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -83%
Cap. Spend. - 3 Yr. Gr. Rate 50.6%
Financial Strength
Quick Ratio 1
Current Ratio 0.2
LT Debt to Equity 0%
Total Debt to Equity 10.4%
Interest Coverage 0
Management Effectiveness
Return On Assets -3%
Ret/ On Assets - 3 Yr. Avg. -2.9%
Return On Total Capital -3.9%
Ret/ On T. Cap. - 3 Yr. Avg. -3.7%
Return On Equity -4.3%
Return On Equity - 3 Yr. Avg. -4.2%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 90.7%
Gross Margin - 3 Yr. Avg. 92.7%
EBITDA Margin -5.5%
EBITDA Margin - 3 Yr. Avg. -8.5%
Operating Margin 4.1%
Oper. Margin - 3 Yr. Avg. -3.8%
Pre-Tax Margin -10.8%
Pre-Tax Margin - 3 Yr. Avg. -12.6%
Net Profit Margin -10.3%
Net Profit Margin - 3 Yr. Avg. -12.3%
Effective Tax Rate 5.9%
Eff/ Tax Rate - 3 Yr. Avg. 9.8%
Payout Ratio 0%

WUBA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WUBA stock intrinsic value calculation we used $715 million for the last fiscal year's total revenue generated by 58.com ADR. The default revenue input number comes from 2016 income statement of 58.com 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 WUBA stock valuation model: a) initial revenue growth rate of 43.7% 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 WUBA is calculated based on our internal credit rating of 58.com 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 58.com 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 WUBA stock the variable cost ratio is equal to 93.6%.

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 WUBA 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 58.com ADR.

Corporate tax rate of 27% is the nominal tax rate for 58.com 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 WUBA 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 WUBA are equal to 28.9%.

Life of production assets of 43.5 years is the average useful life of capital assets used in 58.com 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 WUBA is equal to -104.9%. 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 - $2815 million for 58.com 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 163.067 million for 58.com 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 58.com ADR at the current share price and the inputted number of shares is $7.2 billion.


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COMPANY NEWS

▶ ETFs with exposure to 58.com Inc. : June 27, 2017   [Jun-27-17 04:00PM  Capital Cube]
▶ Guazi Announces Series B Financing   [Jun-16-17 02:00AM  PR Newswire]
▶ IPO Stock News And Analysis: Find Today's Top New Issues   [May-26-17 04:31PM  Investor's Business Daily]
▶ Which Stocks Are Showing Rising Relative Strength?   [04:09PM  Investor's Business Daily]
▶ As Alibaba, JD And Weibo Lead, 2013 IPO 58.com Rebounds   [04:07PM  Investor's Business Daily]
▶ ETFs with exposure to 58.com Inc. : May 19, 2017   [May-19-17 02:16PM  Capital Cube]
▶ New Strong Buy Stocks for May 2nd   [May-02-17 10:52AM  Zacks]
▶ ETFs with exposure to 58.com Inc. : April 24, 2017   [Apr-24-17 02:49PM  Capital Cube]
▶ ETFs with exposure to 58.com Inc. : April 5, 2017   [Apr-05-17 05:45PM  Capital Cube]
▶ [$$] 58.com: Chinese Internet Stock Is Way Too Pricey   [Mar-01-17 10:19PM  Barrons.com]
▶ Why 58.com Inc. (ADR) Shares Popped Today   [Feb-28-17 03:45PM  Motley Fool]
▶ ETFs with exposure to 58.com Inc. : January 11, 2017   [Jan-11-17 01:34PM  Capital Cube]
▶ 3 Stocks That Were Cut in Half in 2016   [Dec-16-16 08:35PM  at Motley Fool]
▶ China's Property Market Is Freezing Up: Sell This Stock Now   [Dec-14-16 09:13PM  at Barrons.com]
▶ Near a 3-Year Low, Is 58.com Inc. (ADR) a Buy?   [Dec-09-16 10:19AM  at Motley Fool]
▶ Do Hedge Funds Love Westlake Chemical Corporation (WLK)?   [Dec-07-16 10:54AM  at Insider Monkey]
▶ Hedge Funds Are Betting On Plains GP Holdings LP (PAGP)   [Nov-29-16 09:33AM  at Insider Monkey]
▶ 58.com Announces Management Change   [06:53AM  PR Newswire]
▶ 58.com (WUBA) Stock Coverage Initiated at Deutsche Bank   [Oct-05-16 08:46AM  at TheStreet]
▶ Guazi Completes Another Round of Financing   [Sep-28-16 07:30AM  PR Newswire]
▶ Are Hedge Funds Losing Interest in China?   [Sep-16-16 01:17PM  at Insider Monkey]
▶ [$$] VC Profile: DCM Finds Exits With East Asia-U.S. Strategy   [Sep-06-16 09:05AM  at The Wall Street Journal]
▶ SINA, 58.com Among Billionaire Lei Zhangs Big Purchases in Q2   [Aug-28-16 10:52PM  at Insider Monkey]
▶ Can 58.com Bounce Back After Last Week's 10% Drop?   [Aug-22-16 09:08AM  at Motley Fool]
▶ Why 58.com Inc. (ADR) Stock Plunged Today   [12:15PM  at Motley Fool]
▶ Kylin Managements Top Q2 Stock Picks Dominated by China   [Jul-09-16 05:48PM  at Insider Monkey]
▶ Why These Five Stocks Are in Spotlight Today   [10:20AM  at Insider Monkey]
Stock chart of WUBA Financial statements of WUBA Annual reports of WUBA
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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