Digital China Holdings Limited

DIN0.F · Industrials · Conglomerates · Valued as of 2026-11-04 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

2.23B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

1.35B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

954.62M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

1.51B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.48B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.02×

the ratio the screener ranks by

Margin of Safety

+2.0%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 2.23B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.74B USD
+②Net Cash Today21.01M USD
+③Growth Value473.62M USD
=Value2.23B USD

EPV of the Operations (NOPAT over WACC)

1.74B USD

Net cash today

+21.01M USD

Growth Value

+473.62M USD

Value

2.23B USD

①EPV (Earnings Power Value)

1.74B USD

②Net Cash Today

21.01M USD

③Growth Value

473.62M USD

Market value

Market Cap1.48B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+33.5%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 1.35B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 1.35B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap1.48B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-9.5%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 954.62M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF407.59M USD
+②Invested Capital at Year 15, Today526.02M USD
+③Net Cash Today21.01M USD
=Value954.62M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment rising to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

407.59M USD

②Invested Capital at Year 15, Today

526.02M USD

③Net Cash Today

21.01M USD

Market value

Market Cap1.48B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-55.3%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 7.00%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.62×Market Risk Premium 6.00%= 8.24%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 3.07M USDPretax Income 11.83M USD= 25.99%

The tax the interest saves.

Interest Expense =EBIT 34.41M USD−Pretax Income 11.83M USD= 22.59M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 22.59M USDTotal Debt 502.14M USD×(1 − Tax Rate for WACC 25.99%)= 3.33%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 502.14M USDMarket Cap + Total Debt 1.48B USD + 502.14M USD= 25.30%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 74.70%×Cost of Equity 8.24%+Debt Weight 25.30%×Cost of Debt 3.33%= 7.00%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2025-12-31.

Total Assets 3.10B USD − Total Liabilities 1.75B USD = Book Value Today 1.35B USD

Total Debt 502.14M USD − Cash and Short-Term Investments 523.14M USD = Net Debt Today -21.01M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.0%at most 5%passes1,673,607,386 / 1,673,607,386
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets2.1%at least -10.0%passes(70.06M USD − 4.50M USD) ÷ 3.10B USD
Price to bookMarket Cap ÷ Book Value Today1.10×at most 3×passes1.48B USD ÷ 1.35B USD
Operating marginOperating Income ÷ Revenue2.2%above 10.0%does not pass66.96M USD ÷ 3.01B USD
Revenue growthRevenue ÷ Revenue a Year Before − 131.6%above 10.0%passes3.01B USD / 2.28B USD
Net cash(Cash − Total Debt) ÷ Market Cap-0.2%above -30%passes(499.12M USD − 502.14M USD) ÷ 1.48B USD
Operating efficiencyOperating Income ÷ Gross Profit18.8%above 25.0%does not pass66.96M USD ÷ 355.71M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

0.79 EUR

Enterprise value

5.80B EUR

the provider's own figure

EV / EBITDA

15.40×

Price / book

0.34×

the provider's book

Price / earnings

—

Return on equity

-1.7%

the provider's figure, not this page's

Profit margin

-0.2%

Revenue growth

-15.6%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

2.55B2.57B2.28B3.01B

Gross profit

422.67M377.59M314.36M355.71M

Operating income

225.76M195.88M15.28M66.96M

EBITDA

operating income before depreciation and amortisation

123.17M-182.83M-19.63M67.39M

Pretax income

72.00M-230.88M-68.27M11.83M

Net income

44.62M-258.27M-34.83M4.50M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

44.23M-134.26M61.58M41.92M

R&D

——89.61M80.62M
Balance sheet, year end (USD)2022202320242025

Total assets

3.56B3.21B3.06B3.10B

Total liabilities

1.79B1.75B1.76B1.75B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

1.20B886.68M799.83M822.84M

Total debt

537.33M479.12M490.60M502.14M

Cash and equivalents

362.56M406.11M431.07M499.12M

Net PP&E

fixed assets after depreciation

128.89M126.92M114.54M111.09M

Working capital

current assets less current liabilities

623.14M643.85M573.06M465.83M
Cash flow (USD)2022202320242025

Operating cash flow

75.55M105.09M82.35M70.06M

Capital expenditure

paid out, so below zero

-13.44M-22.40M-18.17M-14.66M

Depreciation and amortisation

33.74M31.43M30.93M32.98M

Free cash flow

operating cash flow plus capital expenditure

62.11M82.70M64.18M55.40M