Intrinsic value of 500.com ADR - WBAI

Previous Close

$7.19

  Intrinsic Value

$1.21

stock screener

  Rating & Target

str. sell

-83%

Previous close

$7.19

 
Intrinsic value

$1.21

 
Up/down potential

-83%

 
Rating

str. sell

We calculate the intrinsic value of WBAI 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 0001), $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 0.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  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
  32
  49
  73
  106
  150
  207
  277
  364
  468
  592
  735
  898
  1,083
  1,288
  1,514
  1,762
  2,029
  2,317
  2,624
  2,950
  3,295
  3,658
  4,039
  4,438
  4,854
  5,289
  5,741
  6,212
  6,701
  7,210
Variable operating expenses, $m
  220
  336
  499
  720
  1,012
  1,388
  1,860
  2,440
  3,137
  3,960
  4,907
  5,999
  7,231
  8,604
  10,117
  11,768
  13,556
  15,477
  17,529
  19,707
  22,010
  24,436
  26,981
  29,645
  32,428
  35,330
  38,352
  41,496
  44,765
  48,163
Fixed operating expenses, $m
  47
  48
  49
  50
  51
  52
  54
  55
  56
  57
  58
  60
  61
  62
  64
  65
  67
  68
  70
  71
  73
  74
  76
  78
  79
  81
  83
  85
  86
  88
Total operating expenses, $m
  267
  384
  548
  770
  1,063
  1,440
  1,914
  2,495
  3,193
  4,017
  4,965
  6,059
  7,292
  8,666
  10,181
  11,833
  13,623
  15,545
  17,599
  19,778
  22,083
  24,510
  27,057
  29,723
  32,507
  35,411
  38,435
  41,581
  44,851
  48,251
Operating income, $m
  -236
  -335
  -474
  -663
  -913
  -1,234
  -1,636
  -2,131
  -2,725
  -3,426
  -4,231
  -5,161
  -6,210
  -7,378
  -8,666
  -10,072
  -11,593
  -13,228
  -14,974
  -16,828
  -18,788
  -20,852
  -23,018
  -25,285
  -27,653
  -30,122
  -32,693
  -35,369
  -38,150
  -41,041
EBITDA, $m
  -222
  -318
  -453
  -636
  -878
  -1,189
  -1,580
  -2,059
  -2,635
  -3,314
  -4,103
  -5,004
  -6,021
  -7,154
  -8,402
  -9,764
  -11,239
  -12,824
  -14,517
  -16,314
  -18,214
  -20,214
  -22,314
  -24,511
  -26,806
  -29,200
  -31,692
  -34,286
  -36,982
  -39,784
Interest expense (income), $m
  0
  0
  1
  3
  6
  9
  13
  19
  26
  35
  45
  58
  72
  89
  107
  128
  151
  176
  202
  231
  262
  295
  330
  366
  405
  445
  487
  531
  576
  624
  673
Earnings before tax, $m
  -236
  -337
  -477
  -669
  -922
  -1,247
  -1,655
  -2,157
  -2,759
  -3,471
  -4,289
  -5,233
  -6,299
  -7,485
  -8,794
  -10,222
  -11,769
  -13,431
  -15,206
  -17,091
  -19,083
  -21,182
  -23,384
  -25,690
  -28,098
  -30,609
  -33,224
  -35,945
  -38,774
  -41,714
Tax expense, $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
Net income, $m
  -236
  -337
  -477
  -669
  -922
  -1,247
  -1,655
  -2,157
  -2,759
  -3,471
  -4,289
  -5,233
  -6,299
  -7,485
  -8,794
  -10,222
  -11,769
  -13,431
  -15,206
  -17,091
  -19,083
  -21,182
  -23,384
  -25,690
  -28,098
  -30,609
  -33,224
  -35,945
  -38,774
  -41,714

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  308
  476
  712
  1,034
  1,458
  2,005
  2,691
  3,534
  4,547
  5,743
  7,132
  8,720
  10,510
  12,505
  14,703
  17,104
  19,702
  22,494
  25,476
  28,642
  31,990
  35,514
  39,214
  43,086
  47,130
  51,348
  55,740
  60,310
  65,061
  70,000
Adjusted assets (=assets-cash), $m
  308
  476
  712
  1,034
  1,458
  2,005
  2,691
  3,534
  4,547
  5,743
  7,132
  8,720
  10,510
  12,505
  14,703
  17,104
  19,702
  22,494
  25,476
  28,642
  31,990
  35,514
  39,214
  43,086
  47,130
  51,348
  55,740
  60,310
  65,061
  70,000
Revenue / Adjusted assets
  0.104
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
Average production assets, $m
  65
  100
  150
  217
  306
  421
  565
  743
  955
  1,207
  1,499
  1,832
  2,208
  2,628
  3,089
  3,594
  4,140
  4,726
  5,353
  6,018
  6,722
  7,462
  8,240
  9,053
  9,903
  10,789
  11,712
  12,672
  13,671
  14,708
Working capital, $m
  -21
  -33
  -50
  -72
  -101
  -139
  -187
  -246
  -316
  -399
  -496
  -606
  -731
  -869
  -1,022
  -1,189
  -1,370
  -1,564
  -1,771
  -1,991
  -2,224
  -2,469
  -2,726
  -2,996
  -3,277
  -3,570
  -3,875
  -4,193
  -4,523
  -4,867
Total debt, $m
  26
  59
  104
  166
  247
  352
  484
  646
  840
  1,070
  1,336
  1,641
  1,985
  2,368
  2,790
  3,251
  3,750
  4,286
  4,858
  5,466
  6,109
  6,786
  7,496
  8,240
  9,016
  9,826
  10,669
  11,547
  12,459
  13,407
Total liabilities, $m
  59
  91
  137
  198
  280
  385
  517
  678
  873
  1,103
  1,369
  1,674
  2,018
  2,401
  2,823
  3,284
  3,783
  4,319
  4,891
  5,499
  6,142
  6,819
  7,529
  8,272
  9,049
  9,859
  10,702
  11,579
  12,492
  13,440
Total equity, $m
  249
  385
  576
  835
  1,178
  1,620
  2,175
  2,855
  3,674
  4,641
  5,763
  7,045
  8,492
  10,104
  11,880
  13,820
  15,919
  18,175
  20,584
  23,143
  25,848
  28,696
  31,685
  34,813
  38,081
  41,489
  45,038
  48,730
  52,569
  56,560
Total liabilities and equity, $m
  308
  476
  713
  1,033
  1,458
  2,005
  2,692
  3,533
  4,547
  5,744
  7,132
  8,719
  10,510
  12,505
  14,703
  17,104
  19,702
  22,494
  25,475
  28,642
  31,990
  35,515
  39,214
  43,085
  47,130
  51,348
  55,740
  60,309
  65,061
  70,000
Debt-to-equity ratio
  0.110
  0.150
  0.180
  0.200
  0.210
  0.220
  0.220
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
Adjusted equity ratio
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808
  0.808

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -236
  -337
  -477
  -669
  -922
  -1,247
  -1,655
  -2,157
  -2,759
  -3,471
  -4,289
  -5,233
  -6,299
  -7,485
  -8,794
  -10,222
  -11,769
  -13,431
  -15,206
  -17,091
  -19,083
  -21,182
  -23,384
  -25,690
  -28,098
  -30,609
  -33,224
  -35,945
  -38,774
  -41,714
Depreciation, amort., depletion, $m
  14
  17
  21
  27
  35
  44
  57
  72
  90
  111
  128
  157
  189
  225
  264
  307
  354
  404
  458
  514
  575
  638
  704
  774
  846
  922
  1,001
  1,083
  1,168
  1,257
Funds from operations, $m
  -222
  -320
  -456
  -642
  -887
  -1,203
  -1,599
  -2,085
  -2,669
  -3,360
  -4,161
  -5,077
  -6,110
  -7,261
  -8,530
  -9,915
  -11,415
  -13,027
  -14,748
  -16,576
  -18,509
  -20,544
  -22,680
  -24,916
  -27,251
  -29,687
  -32,223
  -34,862
  -37,605
  -40,457
Change in working capital, $m
  -8
  -12
  -16
  -22
  -30
  -38
  -48
  -59
  -70
  -83
  -97
  -110
  -124
  -139
  -153
  -167
  -181
  -194
  -207
  -220
  -233
  -245
  -257
  -269
  -281
  -293
  -305
  -318
  -330
  -343
Cash from operations, $m
  -214
  -308
  -440
  -620
  -858
  -1,165
  -1,551
  -2,026
  -2,599
  -3,276
  -4,064
  -4,966
  -5,985
  -7,122
  -8,377
  -9,748
  -11,234
  -12,833
  -14,541
  -16,356
  -18,276
  -20,299
  -22,423
  -24,647
  -26,970
  -29,393
  -31,918
  -34,544
  -37,275
  -40,114
Maintenance CAPEX, $m
  -3
  -6
  -9
  -13
  -19
  -26
  -36
  -48
  -63
  -82
  -103
  -128
  -157
  -189
  -225
  -264
  -307
  -354
  -404
  -458
  -514
  -575
  -638
  -704
  -774
  -846
  -922
  -1,001
  -1,083
  -1,168
New CAPEX, $m
  -24
  -35
  -50
  -68
  -89
  -115
  -144
  -177
  -213
  -251
  -292
  -334
  -376
  -419
  -462
  -504
  -546
  -587
  -627
  -665
  -703
  -741
  -777
  -814
  -850
  -886
  -923
  -960
  -998
  -1,038
Cash from investing activities, $m
  -27
  -41
  -59
  -81
  -108
  -141
  -180
  -225
  -276
  -333
  -395
  -462
  -533
  -608
  -687
  -768
  -853
  -941
  -1,031
  -1,123
  -1,217
  -1,316
  -1,415
  -1,518
  -1,624
  -1,732
  -1,845
  -1,961
  -2,081
  -2,206
Free cash flow, $m
  -242
  -349
  -498
  -700
  -966
  -1,306
  -1,731
  -2,252
  -2,875
  -3,609
  -4,459
  -5,428
  -6,518
  -7,730
  -9,063
  -10,517
  -12,087
  -13,773
  -15,571
  -17,479
  -19,494
  -21,614
  -23,838
  -26,165
  -28,594
  -31,126
  -33,763
  -36,505
  -39,356
  -42,320
Issuance/(repayment) of debt, $m
  22
  32
  45
  62
  82
  105
  132
  162
  195
  230
  267
  305
  344
  383
  422
  461
  499
  536
  572
  608
  643
  677
  710
  743
  777
  810
  843
  877
  912
  948
Issuance/(repurchase) of shares, $m
  329
  472
  668
  928
  1,265
  1,689
  2,210
  2,837
  3,578
  4,438
  5,411
  6,516
  7,745
  9,097
  10,570
  12,162
  13,868
  15,687
  17,615
  19,649
  21,788
  24,030
  26,373
  28,818
  31,366
  34,016
  36,773
  39,637
  42,613
  45,705
Cash from financing (excl. dividends), $m  
  351
  504
  713
  990
  1,347
  1,794
  2,342
  2,999
  3,773
  4,668
  5,678
  6,821
  8,089
  9,480
  10,992
  12,623
  14,367
  16,223
  18,187
  20,257
  22,431
  24,707
  27,083
  29,561
  32,143
  34,826
  37,616
  40,514
  43,525
  46,653
Total cash flow (excl. dividends), $m
  109
  156
  215
  290
  381
  488
  610
  748
  897
  1,058
  1,218
  1,393
  1,571
  1,750
  1,929
  2,106
  2,280
  2,450
  2,616
  2,778
  2,937
  3,092
  3,246
  3,397
  3,549
  3,700
  3,853
  4,009
  4,169
  4,333
Retained Cash Flow (-), $m
  -329
  -472
  -668
  -928
  -1,265
  -1,689
  -2,210
  -2,837
  -3,578
  -4,438
  -5,411
  -6,516
  -7,745
  -9,097
  -10,570
  -12,162
  -13,868
  -15,687
  -17,615
  -19,649
  -21,788
  -24,030
  -26,373
  -28,818
  -31,366
  -34,016
  -36,773
  -39,637
  -42,613
  -45,705
Prev. year cash balance distribution, $m
  72
  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
  -148
  -317
  -453
  -638
  -884
  -1,201
  -1,599
  -2,090
  -2,681
  -3,380
  -4,192
  -5,123
  -6,174
  -7,347
  -8,641
  -10,056
  -11,588
  -13,237
  -14,999
  -16,871
  -18,851
  -20,937
  -23,128
  -25,421
  -27,817
  -30,316
  -32,919
  -35,628
  -38,444
  -41,372
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
  -142
  -290
  -394
  -526
  -685
  -872
  -1,081
  -1,306
  -1,540
  -1,772
  -1,991
  -2,186
  -2,348
  -2,467
  -2,537
  -2,555
  -2,521
  -2,438
  -2,309
  -2,144
  -1,950
  -1,737
  -1,516
  -1,295
  -1,082
  -884
  -707
  -551
  -420
  -312
Current shareholders' claim on cash, %
  30.9
  10.3
  3.6
  1.3
  0.5
  0.2
  0.1
  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
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

500.com Limited is an online sports lottery service provider in China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. The Company offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users. The Company provides its registered users with a range of lottery sales services that include Individual Lottery Purchase, Lottery Pool Purchase, Automatic Tag-along Purchase, Recurring Purchase and Locked-in Lottery Number Purchase. Its information services cover the news in the lottery business, including information on approximately 10 national level lottery products and over 100 provincial level lottery products.

FINANCIAL RATIOS  of  500.com ADR (WBAI)

Valuation Ratios
P/E Ratio -98.8
Price to Sales 1432.5
Price to Book 11.6
Price to Tangible Book
Price to Cash Flow -168.5
Price to Free Cash Flow -136.4
Growth Rates
Sales Growth Rate -85.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 100%
Cap. Spend. - 3 Yr. Gr. Rate 32%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 2.4%
Total Debt to Equity 2.4%
Interest Coverage 0
Management Effectiveness
Return On Assets -9.6%
Ret/ On Assets - 3 Yr. Avg. -4.9%
Return On Total Capital -11.2%
Ret/ On T. Cap. - 3 Yr. Avg. -5.7%
Return On Equity -11.5%
Return On Equity - 3 Yr. Avg. -5.8%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 56.3%
EBITDA Margin -1350%
EBITDA Margin - 3 Yr. Avg. -535.3%
Operating Margin -1650%
Oper. Margin - 3 Yr. Avg. -646%
Pre-Tax Margin -1500%
Pre-Tax Margin - 3 Yr. Avg. -588.1%
Net Profit Margin -1450%
Net Profit Margin - 3 Yr. Avg. -586.1%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. -3.5%
Payout Ratio 0%

WBAI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WBAI stock intrinsic value calculation we used $19.8493047158 million for the last fiscal year's total revenue generated by 500.com ADR. The default revenue input number comes from 0001 income statement of 500.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 WBAI 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 WBAI is calculated based on our internal credit rating of 500.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 500.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 WBAI stock the variable cost ratio is equal to 710%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $46 million in the base year in the intrinsic value calculation for WBAI 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 5.4% for 500.com ADR.

Corporate tax rate of 27% is the nominal tax rate for 500.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 WBAI 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 WBAI are equal to 204%.

Life of production assets of 11.7 years is the average useful life of capital assets used in 500.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 WBAI is equal to -67.5%. 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 - $228.130290206 million for 500.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 29.861 million for 500.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 500.com ADR at the current share price and the inputted number of shares is $0.2 billion.

RELATED COMPANIES Price Int.Val. Rating
SGMS Scientific Gam 19.30 16.98  sell

COMPANY NEWS

▶ 500com Limited (NYSE:WBAI): Time For A Financial Health Check   [Oct-11-18 07:14AM  Simply Wall St.]
▶ 500.com Limited Announces Change of Board Composition   [Aug-01-18 06:00AM  PR Newswire]
▶ 500.com Limited Announces Management Change   [Jun-01-18 06:00AM  PR Newswire]
▶ What Are The Drivers Of 500com Limiteds (NYSE:WBAI) Risks?   [May-16-18 05:23PM  Simply Wall St.]
▶ ETFs with exposure to 500.com Ltd. : December 26, 2017   [Dec-26-17 12:20PM  Capital Cube]
▶ 500.com Limited Announces Management Change   [Dec-18-17 05:00AM  PR Newswire]
▶ ETFs with exposure to 500.com Ltd. : November 2, 2017   [Nov-02-17 12:43PM  Capital Cube]
▶ 500.com Limited Announces Change of Board Composition   [Nov-01-17 06:00AM  PR Newswire]
▶ ETFs with exposure to 500.com Ltd. : October 23, 2017   [Oct-23-17 11:14AM  Capital Cube]
▶ ETFs with exposure to 500.com Ltd. : September 28, 2017   [Sep-28-17 10:21AM  Capital Cube]
▶ 500.com Limited to Acquire The Multi Group Ltd.   [May-26-17 07:00AM  PR Newswire]
▶ ETFs with exposure to 500.com Ltd. : May 23, 2017   [May-23-17 01:12PM  Capital Cube]
▶ ETFs with exposure to 500.com Ltd. : May 3, 2017   [May-03-17 04:28PM  Capital Cube]
▶ ETFs with exposure to 500.com Ltd. : April 5, 2017   [Apr-05-17 05:43PM  Capital Cube]
▶ 500.com Limited Announces Change of Board Composition   [Jan-22-17 02:00AM  PR Newswire]
▶ 500.com Limited Announces Strategic Investment in Qufan   [Nov-25-16 06:00AM  PR Newswire]
▶ 5 Chinese Stocks That This China-Focused Investor Loves   [Oct-24  02:54PM  at Insider Monkey]
▶ Stocks Slide At Open, But Trim Losses   [Jul-27  10:31AM  at Investor's Business Daily]

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