Intrinsic value of 58.com ADR - WUBA

Previous Close

$66.12

  Intrinsic Value

$378.06

stock screener

  Rating & Target

str. buy

+472%

Previous close

$66.12

 
Intrinsic value

$378.06

 
Up/down potential

+472%

 
Rating

str. buy

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 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 6.9

 

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, %
  39.20
  35.78
  32.70
  29.93
  27.44
  25.19
  23.18
  21.36
  19.72
  18.25
  16.92
  15.73
  14.66
  13.69
  12.82
  12.04
  11.34
  10.70
  10.13
  9.62
  9.16
  8.74
  8.37
  8.03
  7.73
  7.46
  7.21
  6.99
  6.79
  6.61
Revenue, $m
  2,118
  2,876
  3,817
  4,960
  6,320
  7,913
  9,747
  11,828
  14,161
  16,746
  19,580
  22,660
  25,982
  29,540
  33,328
  37,341
  41,574
  46,024
  50,688
  55,564
  60,653
  65,955
  71,474
  77,215
  83,182
  89,383
  95,827
  102,524
  109,486
  116,724
Variable operating expenses, $m
  841
  1,049
  1,307
  1,621
  1,994
  2,431
  2,934
  3,505
  4,145
  4,855
  5,373
  6,218
  7,129
  8,106
  9,145
  10,246
  11,408
  12,629
  13,909
  15,247
  16,643
  18,098
  19,612
  21,187
  22,825
  24,526
  26,294
  28,132
  30,042
  32,028
Fixed operating expenses, $m
  600
  613
  627
  640
  654
  669
  684
  699
  714
  730
  746
  762
  779
  796
  814
  831
  850
  868
  888
  907
  927
  947
  968
  990
  1,011
  1,034
  1,056
  1,080
  1,103
  1,128
Total operating expenses, $m
  1,441
  1,662
  1,934
  2,261
  2,648
  3,100
  3,618
  4,204
  4,859
  5,585
  6,119
  6,980
  7,908
  8,902
  9,959
  11,077
  12,258
  13,497
  14,797
  16,154
  17,570
  19,045
  20,580
  22,177
  23,836
  25,560
  27,350
  29,212
  31,145
  33,156
Operating income, $m
  678
  1,214
  1,883
  2,699
  3,672
  4,813
  6,129
  7,625
  9,302
  11,161
  13,461
  15,680
  18,074
  20,638
  23,369
  26,263
  29,317
  32,527
  35,892
  39,411
  43,083
  46,910
  50,894
  55,038
  59,346
  63,823
  68,476
  73,313
  78,340
  83,568
EBITDA, $m
  1,006
  1,568
  2,267
  3,120
  4,137
  5,330
  6,706
  8,269
  10,022
  11,966
  14,098
  16,417
  18,919
  21,599
  24,454
  27,478
  30,669
  34,024
  37,541
  41,218
  45,056
  49,056
  53,219
  57,550
  62,052
  66,731
  71,594
  76,648
  81,902
  87,365
Interest expense (income), $m
  0
  7
  35
  70
  114
  167
  230
  305
  390
  487
  596
  716
  848
  991
  1,146
  1,312
  1,488
  1,675
  1,872
  2,079
  2,297
  2,524
  2,761
  3,008
  3,265
  3,532
  3,810
  4,099
  4,399
  4,710
  5,035
Earnings before tax, $m
  671
  1,180
  1,813
  2,585
  3,505
  4,583
  5,824
  7,234
  8,815
  10,566
  12,745
  14,832
  17,082
  19,492
  22,058
  24,775
  27,642
  30,655
  33,813
  37,114
  40,559
  44,149
  47,886
  51,773
  55,814
  60,013
  64,378
  68,914
  73,630
  78,533
Tax expense, $m
  181
  318
  490
  698
  946
  1,237
  1,573
  1,953
  2,380
  2,853
  3,441
  4,005
  4,612
  5,263
  5,956
  6,689
  7,463
  8,277
  9,129
  10,021
  10,951
  11,920
  12,929
  13,979
  15,070
  16,204
  17,382
  18,607
  19,880
  21,204
Net income, $m
  490
  861
  1,324
  1,887
  2,559
  3,345
  4,252
  5,281
  6,435
  7,713
  9,304
  10,828
  12,470
  14,229
  16,102
  18,086
  20,179
  22,378
  24,683
  27,093
  29,608
  32,229
  34,957
  37,794
  40,744
  43,810
  46,996
  50,307
  53,750
  57,329

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
  5,951
  8,080
  10,722
  13,932
  17,754
  22,227
  27,379
  33,226
  39,779
  47,038
  54,999
  63,652
  72,983
  82,977
  93,618
  104,890
  116,782
  129,282
  142,383
  156,080
  170,373
  185,268
  200,771
  216,895
  233,656
  251,076
  269,178
  287,990
  307,544
  327,875
Adjusted assets (=assets-cash), $m
  5,951
  8,080
  10,722
  13,932
  17,754
  22,227
  27,379
  33,226
  39,779
  47,038
  54,999
  63,652
  72,983
  82,977
  93,618
  104,890
  116,782
  129,282
  142,383
  156,080
  170,373
  185,268
  200,771
  216,895
  233,656
  251,076
  269,178
  287,990
  307,544
  327,875
Revenue / Adjusted assets
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
  0.356
Average production assets, $m
  2,068
  2,807
  3,725
  4,841
  6,169
  7,723
  9,513
  11,545
  13,821
  16,344
  19,110
  22,116
  25,358
  28,831
  32,528
  36,445
  40,577
  44,920
  49,472
  54,231
  59,197
  64,372
  69,759
  75,361
  81,185
  87,238
  93,527
  100,064
  106,858
  113,922
Working capital, $m
  -883
  -1,199
  -1,592
  -2,068
  -2,636
  -3,300
  -4,064
  -4,932
  -5,905
  -6,983
  -8,165
  -9,449
  -10,834
  -12,318
  -13,898
  -15,571
  -17,337
  -19,192
  -21,137
  -23,170
  -25,292
  -27,503
  -29,805
  -32,198
  -34,687
  -37,273
  -39,960
  -42,753
  -45,656
  -48,674
Total debt, $m
  645
  1,298
  2,110
  3,095
  4,268
  5,642
  7,223
  9,018
  11,030
  13,259
  15,703
  18,359
  21,224
  24,292
  27,558
  31,019
  34,670
  38,508
  42,529
  46,734
  51,123
  55,695
  60,454
  65,405
  70,550
  75,898
  81,455
  87,231
  93,234
  99,476
Total liabilities, $m
  1,827
  2,481
  3,292
  4,277
  5,451
  6,824
  8,405
  10,200
  12,212
  14,441
  16,885
  19,541
  22,406
  25,474
  28,741
  32,201
  35,852
  39,690
  43,711
  47,916
  52,305
  56,877
  61,637
  66,587
  71,733
  77,080
  82,638
  88,413
  94,416
  100,658
Total equity, $m
  4,124
  5,599
  7,430
  9,655
  12,304
  15,404
  18,973
  23,026
  27,567
  32,598
  38,115
  44,111
  50,577
  57,503
  64,877
  72,689
  80,930
  89,592
  98,671
  108,163
  118,069
  128,390
  139,134
  150,308
  161,924
  173,996
  186,540
  199,577
  213,128
  227,218
Total liabilities and equity, $m
  5,951
  8,080
  10,722
  13,932
  17,755
  22,228
  27,378
  33,226
  39,779
  47,039
  55,000
  63,652
  72,983
  82,977
  93,618
  104,890
  116,782
  129,282
  142,382
  156,079
  170,374
  185,267
  200,771
  216,895
  233,657
  251,076
  269,178
  287,990
  307,544
  327,876
Debt-to-equity ratio
  0.160
  0.230
  0.280
  0.320
  0.350
  0.370
  0.380
  0.390
  0.400
  0.410
  0.410
  0.420
  0.420
  0.420
  0.420
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.440
  0.440
  0.440
  0.440
  0.440
  0.440
  0.440
Adjusted equity ratio
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693
  0.693

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  490
  861
  1,324
  1,887
  2,559
  3,345
  4,252
  5,281
  6,435
  7,713
  9,304
  10,828
  12,470
  14,229
  16,102
  18,086
  20,179
  22,378
  24,683
  27,093
  29,608
  32,229
  34,957
  37,794
  40,744
  43,810
  46,996
  50,307
  53,750
  57,329
Depreciation, amort., depletion, $m
  329
  353
  384
  421
  465
  517
  577
  644
  720
  804
  637
  737
  845
  961
  1,084
  1,215
  1,353
  1,497
  1,649
  1,808
  1,973
  2,146
  2,325
  2,512
  2,706
  2,908
  3,118
  3,335
  3,562
  3,797
Funds from operations, $m
  818
  1,214
  1,708
  2,308
  3,024
  3,862
  4,829
  5,926
  7,155
  8,517
  9,941
  11,565
  13,315
  15,190
  17,186
  19,301
  21,531
  23,875
  26,332
  28,901
  31,582
  34,375
  37,282
  40,306
  43,450
  46,718
  50,113
  53,643
  57,312
  61,127
Change in working capital, $m
  -249
  -316
  -392
  -476
  -567
  -664
  -765
  -868
  -973
  -1,078
  -1,182
  -1,285
  -1,385
  -1,484
  -1,580
  -1,673
  -1,765
  -1,856
  -1,945
  -2,033
  -2,122
  -2,211
  -2,301
  -2,394
  -2,488
  -2,586
  -2,687
  -2,793
  -2,903
  -3,018
Cash from operations, $m
  1,067
  1,530
  2,100
  2,784
  3,591
  4,526
  5,593
  6,794
  8,128
  9,595
  11,123
  12,849
  14,701
  16,674
  18,766
  20,974
  23,296
  25,731
  28,277
  30,934
  33,703
  36,586
  39,584
  42,700
  45,939
  49,304
  52,801
  56,435
  60,214
  64,145
Maintenance CAPEX, $m
  -50
  -69
  -94
  -124
  -161
  -206
  -257
  -317
  -385
  -461
  -545
  -637
  -737
  -845
  -961
  -1,084
  -1,215
  -1,353
  -1,497
  -1,649
  -1,808
  -1,973
  -2,146
  -2,325
  -2,512
  -2,706
  -2,908
  -3,118
  -3,335
  -3,562
New CAPEX, $m
  -582
  -740
  -918
  -1,115
  -1,328
  -1,554
  -1,790
  -2,032
  -2,277
  -2,522
  -2,766
  -3,006
  -3,242
  -3,472
  -3,697
  -3,917
  -4,132
  -4,343
  -4,552
  -4,759
  -4,966
  -5,175
  -5,387
  -5,602
  -5,824
  -6,053
  -6,290
  -6,536
  -6,794
  -7,064
Cash from investing activities, $m
  -632
  -809
  -1,012
  -1,239
  -1,489
  -1,760
  -2,047
  -2,349
  -2,662
  -2,983
  -3,311
  -3,643
  -3,979
  -4,317
  -4,658
  -5,001
  -5,347
  -5,696
  -6,049
  -6,408
  -6,774
  -7,148
  -7,533
  -7,927
  -8,336
  -8,759
  -9,198
  -9,654
  -10,129
  -10,626
Free cash flow, $m
  435
  722
  1,088
  1,545
  2,102
  2,767
  3,546
  4,445
  5,466
  6,612
  7,812
  9,206
  10,721
  12,356
  14,108
  15,973
  17,950
  20,035
  22,228
  24,526
  26,929
  29,438
  32,051
  34,772
  37,603
  40,545
  43,603
  46,781
  50,085
  53,519
Issuance/(repayment) of debt, $m
  516
  654
  811
  985
  1,174
  1,373
  1,581
  1,795
  2,012
  2,229
  2,444
  2,656
  2,865
  3,068
  3,267
  3,461
  3,651
  3,837
  4,022
  4,205
  4,388
  4,573
  4,759
  4,950
  5,146
  5,348
  5,557
  5,775
  6,003
  6,242
Issuance/(repurchase) of shares, $m
  673
  614
  507
  337
  90
  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  
  1,189
  1,268
  1,318
  1,322
  1,264
  1,373
  1,581
  1,795
  2,012
  2,229
  2,444
  2,656
  2,865
  3,068
  3,267
  3,461
  3,651
  3,837
  4,022
  4,205
  4,388
  4,573
  4,759
  4,950
  5,146
  5,348
  5,557
  5,775
  6,003
  6,242
Total cash flow (excl. dividends), $m
  1,624
  1,990
  2,407
  2,867
  3,366
  4,140
  5,127
  6,240
  7,478
  8,841
  10,256
  11,862
  13,586
  15,424
  17,374
  19,434
  21,601
  23,873
  26,250
  28,731
  31,318
  34,010
  36,811
  39,722
  42,748
  45,893
  49,160
  52,557
  56,088
  59,760
Retained Cash Flow (-), $m
  -1,162
  -1,476
  -1,831
  -2,224
  -2,649
  -3,100
  -3,570
  -4,052
  -4,541
  -5,031
  -5,517
  -5,996
  -6,466
  -6,926
  -7,374
  -7,812
  -8,241
  -8,662
  -9,079
  -9,492
  -9,905
  -10,322
  -10,744
  -11,174
  -11,616
  -12,072
  -12,545
  -13,037
  -13,551
  -14,090
Prev. year cash balance distribution, $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 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
  462
  514
  576
  643
  717
  1,040
  1,558
  2,188
  2,937
  3,810
  4,739
  5,866
  7,120
  8,499
  10,000
  11,622
  13,360
  15,210
  17,171
  19,239
  21,412
  23,688
  26,067
  28,548
  31,133
  33,821
  36,616
  39,520
  42,537
  45,671
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
  443
  471
  501
  530
  556
  755
  1,052
  1,367
  1,687
  1,997
  2,251
  2,503
  2,707
  2,853
  2,936
  2,953
  2,907
  2,801
  2,644
  2,445
  2,215
  1,966
  1,708
  1,454
  1,211
  987
  786
  611
  464
  344
Current shareholders' claim on cash, %
  91.1
  85.6
  82.4
  80.8
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5
  80.5

58.com Inc. is a holding company. The Company's business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke. 58 and Ganji are online multi-content category-classified advertising platforms, while Anjuke is an online real estate listing platform. In addition, 58 Daojia Inc., its subsidiary, operates a mobile-based closed-loop transactional platform for home services, which directly connects consumers and individual service providers for local services, such as home cleaning, moving services and manicure services provided at home. Its classifieds and listing platforms contain local information for over 480 cities across various content categories, including jobs, real estate, used goods, automotive and yellow pages. It also offers membership, online marketing services and e-commerce services.

FINANCIAL RATIOS  of  58.com ADR (WUBA)

Valuation Ratios
P/E Ratio -169.5
Price to Sales 17.4
Price to Book 7.5
Price to Tangible Book
Price to Cash Flow 70.2
Price to Free Cash Flow 79.1
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 0.8%
Total Debt to Equity 11.3%
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. 92.8%
EBITDA Margin -5.5%
EBITDA Margin - 3 Yr. Avg. -8.6%
Operating Margin 4.1%
Oper. Margin - 3 Yr. Avg. -3.9%
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. 10.1%
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 $1521.88331318 million for the last fiscal year's total revenue generated by 58.com ADR. The default revenue input number comes from 0001 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 39.2% 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 44.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $587 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 5.4% 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 97.6%.

Life of production assets of 42 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 -41.7%. 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 - $2961.52524184 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 104.259 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 $6.9 billion.

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COMPANY NEWS

▶ What Does 58com Incs (NYSE:WUBA) PE Ratio Tell You?   [Oct-17-18 01:10PM  Simply Wall St.]
▶ The Cup Without Handle Can Also Yield Bullish Breakouts In Growth Stocks   [Sep-18-18 07:15PM  Investor's Business Daily]
▶ Estimating The Fair Value Of 58com Inc (NYSE:WUBA)   [Sep-17-18 12:17PM  Simply Wall St.]
▶ Momo Earnings Hint at Huge China Stock Reversal   [Aug-23-18 10:07AM  InvestorPlace]
▶ Should You Buy 58.Com Inc After Boffo Earnings?   [Aug-17-18 11:51PM  InvestorPlace]
▶ Why Shares of 58.com Are Surging Today   [12:45PM  Motley Fool]
▶ Q2 Earnings Outlook For 58.com   [02:46PM  Benzinga]
▶ New Strong Sell Stocks for July 13th   [Jul-13-18 07:10AM  Zacks]
▶ Should You Buy 58com Inc (NYSE:WUBA) Now?   [Jun-25-18 08:26AM  Simply Wall St.]
▶ Bear of the Day: 58.com (WUBA)   [07:00AM  Zacks]
▶ Bilibili Soars On Quarterly Earnings Report As Sales Double   [May-24-18 04:12PM  Investor's Business Daily]
▶ Best Chinese Stocks To Buy And Watch   [10:15AM  Investor's Business Daily]
▶ Earnings Calendar, Analyst Estimates And Stocks To Watch   [10:05AM  Investor's Business Daily]
▶ Apple Leads Five Hot Stocks Now In Buy Range   [May-07-18 04:03PM  Investor's Business Daily]
▶ 58.com Dips As Quarterly Results Top Estimates, Outlook Falls Short   [Mar-08-18 04:54PM  Investor's Business Daily]
▶ Hey Market, Can You Give Me a Minute to Catch My Breath?   [Jan-24-18 11:11AM  TheStreet.com]
▶ Cheetah Mobile Off To Fast Start After Adding 58.com Founder To Board   [Jan-11-18 04:07PM  Investor's Business Daily]
▶ As Alibaba Sets Up, The Craigslist Of China Posts 2,550% Growth   [Jan-08-18 03:49PM  Investor's Business Daily]
▶ Should You Buy 58com Inc (NYSE:WUBA) At $71.86?   [Dec-28-17 07:15AM  Simply Wall St.]
▶ 58.com Joins Rank Of Stocks With 95-Plus Composite Rating   [Dec-27-17 03:00AM  Investor's Business Daily]
▶ 58.com Showed How A Damaged Stock Can Fix Itself And Be A Winner   [Nov-30-17 07:28PM  Investor's Business Daily]
▶ 58.com Shares Jump As Third-Quarter Results Top Estimates   [Nov-13-17 04:05PM  Investor's Business Daily]
▶ ETFs with exposure to 58.com Inc. : November 9, 2017   [Nov-09-17 01:23PM  Capital Cube]
▶ 58.com Sees Composite Rating Improve To 96   [Nov-01-17 03:00AM  Investor's Business Daily]
▶ Criteo (CRTO) Catches Eye: Stock Jumps 6.5%   [Sep-22-17 08:36AM  Zacks]
▶ [$$] Asian logistics companies GoGoVan and 58 Suyun to merge   [Aug-29-17 06:05PM  Financial Times]
▶ ETFs with exposure to 58.com Inc. : August 28, 2017   [Aug-28-17 07:23PM  Capital Cube]
▶ ETF Topper: U.S.-Listed China Tech Stocks Take the Cake   [Aug-21-17 05:35PM  Barrons.com]
▶ Chinese Stock Is Gaining Ground   [12:52PM  GuruFocus.com]
▶ Why Shares of 58.com Are Soaring Today   [12:34PM  Motley Fool]
▶ As Alibaba Climbs, This Other Chinese Stock Tests New Buy Zone   [Jul-11-17 04:09PM  Investor's Business Daily]
▶ Can These Momentum Stocks Break Out One More Time?   [Jul-05-17 01:00PM  Investopedia]
▶ After Alibaba, Weibo Moves, This Chinese Stock May Be Setting Up   [Jun-30-17 03:06PM  Investor's Business Daily]
▶ 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]

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