Yimutian Inc. American Depositary Shares (YMT) DCF Valuation & Fundamental Primer
Yimutian Inc. American Depositary Shares (YMT) currently trades at $1.85 with an enterprise value of $434.6M. Our proprietary institutional model rates Yimutian Inc. American Depositary Shares at 77/100 (Grade: A · High-Quality Compounder). The current market price prices in an implied 5-year revenue CAGR of 35.4% vs. historical growth of 16.5% (Aggressive Growth Expectations Priced In).
Institutional fundamental teardown of Yimutian Inc. American Depositary Shares (YMT) covering SEC 10-K/10-Q cash flow conversion, SBC dilution friction, and Reverse-DCF valuation hurdles.
Yimutian Inc. American Depositary Shares (YMT) 3-Scenario DCF Valuation Range
Stress-test YMT's 5-year growth, target FCF margin, WACC, terminal methodology, and SBC/dilution friction in real time.
Split between 5-Year Explicit Cash Flows and Discounted Terminal Value
2D Institutional Valuation Sensitivity Heatmap
Implied share price & upside/downside spread across 25 valuation states (Current Price: $1.85).
| WACC \ Terminal | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.5% | $1.10 -40% | $1.16 -37% | $1.23 -34% | $1.31 -29% | $1.41 -24% |
| 9.3% | $1.00 -46% | $1.05 -43% | $1.11 -40% | $1.17 -37% | $1.24 -33% |
| 10.0% | $0.93 -50% | $0.96 -48% | $1.01 -46% | $1.05 -43% | $1.11 -40% |
| 10.8% | $0.86 -54% | $0.89 -52% | $0.92 -50% | $0.96 -48% | $1.01 -46% |
| 11.5% | $0.80 -57% | $0.83 -55% | $0.86 -54% | $0.89 -52% | $0.92 -50% |
Institutional Software Quality Scorecard (77/100 · Grade A)
Strong fundamentals, above-average cash generation, and robust competitive positioning.
Elite deferred revenue float; FCF exceeds operating income by >20%
Elevated equity dilution; SBC consumes substantial operating cash flow
High-quality software margins with healthy balanced growth and profitability
Positive net cash cushion; self-funding operations with zero insolvency risk
Core Investment Strengths & Moats
- High-grade cash conversion: FCF is 756% of EBIT driven by upfront annual collections
- Healthy unit economics: 78.1% gross margin
- Net cash positive: $82.8M balance sheet buffer
Key Operational & Dilution Risks
- Substantial SBC dilution drag: SBC is 16.0% of revenue ($21.2M)
Reverse-DCF Solver: What Growth is Priced Into YMT?
The current share price demands 35.4% 5-year CAGR (64.2% net of SBC & dilution)—a +18.9% acceleration over historical run-rate (16.5%). Any growth slowdown risks valuation multiple contraction.
Headline Reverse-DCF ignores Stock-Based Compensation (16.0% of revenue) and annual share dilution (1.8%/yr). Accounting for both requires 64.2% 5-year revenue CAGR to justify $1.85/sh on a true per-share economic cash flow basis.
Yimutian Inc. American Depositary Shares (YMT) 5-Year Fundamental Forecast
| Statement Line Item | TTM Audited Base | TTM | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|---|
| Revenue | $132.2M | $132.2M | $154.0M | $179.4M | $209.0M | $243.5M | $283.7M |
| Gross Profit | $103.2M | $103.2M | $120.3M | $140.1M | $163.3M | $190.2M | $221.6M |
| Operating Income (EBIT) | $2.4M | $2.4M | $2.8M | $3.2M | $3.8M | $4.4M | $5.1M |
| Stock-Based Compensation (SBC) | $21.2M | $21.2M | $24.6M | $28.7M | $33.4M | $39.0M | $45.4M |
| Unlevered Free Cash Flow (FCF) | $18.0M | $18.0M | $20.9M | $24.4M | $28.4M | $33.1M | $38.6M |
| SBC-Adjusted True Cash Flow | $-3.2M | $-3.2M | $-3.7M | $-4.3M | $-5.0M | $-5.8M | $-6.8M |
Software & Cloud Services Peer Comparables & Rule of 40 Regression
Rule of 40 vs. EV / Revenue Multiple Regression
OLS Fit: EV/Rev = -10.8 + 0.45 × (Rule of 40) · R² = 60%Stocks below the gold regression line trade at a discount relative to their Rule of 40 compounding efficiency.
| Company | Ticker | Market Cap | TTM Revenue | Gross Margin | FCF Margin | Rule of 40 | SBC % Rev | EV / Rev |
|---|---|---|---|---|---|---|---|---|
| Yimutian Inc. American Depositary Shares | YMT | $951.8M | $132.2M | 78.1% | 13.6% | 30.1% | 16.0% | 6.6× |
| ServiceNow | NOW | $152.61B | $10.98B | 79.2% | 31.1% | 54.2% | 15.9% | 13.9× |
| Workday, Inc. | WDAY | $50.35B | $8.00B | 75.0% | 27.4% | 43.9% | 19.0% | 6.4× |
| Salesforce | CRM | $217.10B | $37.90B | 77.2% | 32.8% | 42.8% | 8.4% | 5.8× |
| Datadog | DDOG | $46.05B | $2.68B | 80.8% | 31.1% | 57.7% | 21.3% | 17.4× |
| Snowflake Inc. | SNOW | $71.79B | $3.63B | 66.5% | 25.2% | 57.7% | 40.8% | 20.0× |
| Hubspot | HUBS | $19.89B | $2.63B | 85.0% | 21.3% | 52.7% | 19.2% | 7.7× |
| Peer Cohort Median Benchmark (N=6) | 78.2% | 29.2% | 53.5% | 19.1% | 10.8× | |||
EV / Revenue Multiple Compression Stress Test
| Multiple Scenario | EV / Revenue | Implied Enterprise Value | Implied Equity Value | Implied Share Price | Delta vs Current |
|---|---|---|---|---|---|
| Current Multiple | 6.6× | $869.1M | $951.8M | $1.85 | 0.0% |
| -20% Multiple Compression | 5.3× | $695.3M | $778.0M | $1.51 | -20.0% |
| -35% Multiple Compression | 4.3× | $564.9M | $647.7M | $1.26 | -35.0% |
| Software Baseline Floor (5.0× EV/Rev) | 5.0× | $661.0M | $743.7M | $1.45 | -23.9% |
Frequently Asked Questions: Yimutian Inc. American Depositary Shares (YMT) Valuation
What is Yimutian Inc. American Depositary Shares (YMT)'s intrinsic DCF valuation and implied share price?
Based on audited SEC 10-K/10-Q filings and a 5-year 3-statement discounted cash flow (DCF) model, Yimutian Inc. American Depositary Shares (YMT) has a Base Case implied value of $1.01 per share (with a Bear Case of $0.55 and a Bull Case of $1.61), compared to its current price of $1.85. The model discounts projected free cash flows at a 10.0% WACC and a 2.5% terminal growth rate.
What is Yimutian Inc. American Depositary Shares (YMT)'s Rule of 40 score and Free Cash Flow margin?
Yimutian Inc. American Depositary Shares achieves a Rule of 40 score of 30.1%, combining a 16.5% revenue growth run-rate with a 13.6% TTM free cash flow margin on $132.2M in trailing twelve-month revenue. In the Software & Cloud Services peer cohort, the median Rule of 40 benchmark is 53.5%.
What revenue growth rate is priced into YMT stock according to Reverse-DCF analysis?
At $1.85 per share (Enterprise Value of $869.1M), our Reverse-DCF solver indicates the market is pricing in a 5-year implied revenue CAGR of 35.4%, compared to Yimutian Inc. American Depositary Shares's historical CAGR of 16.5%. Overall market expectations are rated as "Aggressive Growth Expectations Priced In".
How does Yimutian Inc. American Depositary Shares compare to Software & Cloud Services software peers?
Yimutian Inc. American Depositary Shares (YMT) earns an institutional Software Quality Score of 77/100 (Grade A — High-Quality Compounder). Across its Software & Cloud Services peer group (NOW, WDAY, CRM, DDOG, SNOW), the cohort trades at a median EV/TTM Revenue multiple of 10.8× and a median gross margin of 78.2%.
How does Stock-Based Compensation (SBC) impact Yimutian Inc. American Depositary Shares (YMT)'s valuation?
Yimutian Inc. American Depositary Shares recorded $21.2M in TTM stock-based compensation (16.0% of revenue). When treating SBC as a cash-equivalent compensation expense, Yimutian Inc. American Depositary Shares's SBC-adjusted free cash flow yield is -0.3%, scoring 10/25 on our Shareholder Dilution Friction pillar.