Financials So-Young International Inc.

Equities

SY

US83356Q1085

Internet Services

Market Closed - Nasdaq 04:30:00 2024-04-26 pm EDT 5-day change 1st Jan Change
1.255 USD +1.21% Intraday chart for So-Young International Inc. +8.19% -2.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 8,694 7,740 2,125 942.5 891.7 891.7 -
Enterprise Value (EV) 1 8,694 5,086 383.8 942.5 901.5 891.7 891.7
P/E ratio 42.5 x 1,450 x -253 x -14.6 x 43.6 x 18.2 x 11.2 x
Yield - - - - - - -
Capitalization / Revenue 7.55 x 5.98 x 1.26 x 0.75 x 0.6 x 0.56 x 0.51 x
EV / Revenue 7.55 x 5.98 x 1.26 x 0.75 x 0.6 x 0.56 x 0.51 x
EV / EBITDA 34 x 156 x 12.5 x -76.1 x 38.9 x 17 x 3.43 x
EV / FCF - 54,423,784 x 54,159,245 x - - - -
FCF Yield - 0% 0% - - - -
Price to Book 2.62 x 2.3 x 0.67 x 0.29 x 0.34 x 0.36 x 0.35 x
Nbr of stocks (in thousands) 102,198 106,770 104,856 105,930 98,049 98,049 -
Reference price 2 85.07 72.49 20.26 8.897 9.094 9.094 9.094
Announcement Date 3/23/20 3/22/21 3/25/22 3/21/23 3/20/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 617.2 1,152 1,295 1,692 1,258 1,498 1,580 1,763
EBITDA 1 - 255.5 49.56 169.5 -12.38 22.95 52.35 260.3
EBIT 1 - 249.4 35.48 139.5 -59.47 -24.73 29.38 87.41
Operating Margin - 21.65% 2.74% 8.24% -4.73% -1.65% 1.86% 4.96%
Earnings before Tax (EBT) 1 - 226.5 0.093 -16.4 -87.07 7.869 82.96 162.1
Net income 1 - 176.7 5.807 -8.371 -65.55 21.28 41.77 59.35
Net margin - 15.35% 0.45% -0.49% -5.21% 1.42% 2.64% 3.37%
EPS 2 -2.000 2.000 0.0500 -0.0800 -0.6100 0.2100 0.5000 0.8100
Free Cash Flow - - 142.2 39.23 - - - -
FCF margin - - 10.98% 2.32% - - - -
FCF Conversion (EBITDA) - - 286.94% 23.14% - - - -
FCF Conversion (Net income) - - 2,449.08% - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 4/8/19 3/23/20 3/22/21 3/25/22 3/21/23 3/20/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 451.8 431.4 449.5 300.3 309.1 323.3 325.1 310.1 412.1 385.3 390.6 303.6 373.8 419.3 478.1
EBITDA 1 - - - - - - - - - - 14.68 -25.69 3.951 12.88 21.21
EBIT 1 73.83 41.44 65.32 - - - - - -20.72 -10.75 12.9 -15.56 5.475 8.941 41.11
Operating Margin 16.34% 9.61% 14.53% - - - - - -5.03% -2.79% 3.3% -5.13% 1.46% 2.13% 8.6%
Earnings before Tax (EBT) 1 67.43 10.17 -43.4 - - -14.6 29.34 -15.38 -2.095 16.95 8.389 0.9029 19.95 28.88 44.98
Net income 1 57.59 6.768 -27.74 - - 2.31 31.27 -11.95 -2.578 18.3 17.5 17 - - -
Net margin 12.75% 1.57% -6.17% - - 0.71% 9.62% -3.85% -0.63% 4.75% 4.48% 5.6% - - -
EPS 0.5300 0.0600 - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 9/10/21 11/19/21 3/25/22 5/23/22 8/16/22 11/18/22 3/21/23 5/22/23 8/21/23 11/20/23 3/20/24 - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - 2,654 1,741 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - 142 39.2 - - - -
ROE (net income / shareholders' equity) - 15.3% 3.7% 5.53% -0.9% 1.37% 2.37% 4.33%
ROA (Net income/ Total Assets) - 12.3% 2.98% 4.21% -0.68% 1.3% 2% 2.65%
Assets 1 - 1,438 195.1 -198.7 9,630 1,849 2,088 2,240
Book Value Per Share 2 - 32.50 31.60 30.20 30.90 26.60 25.30 26.10
Cash Flow per Share 2 - 4.340 1.540 1.030 -1.370 3.090 1.940 1.050
Capex 1 - 37.5 37 45.1 15.7 43.5 25.5 27.5
Capex / Sales - 3.26% 2.85% 2.66% 1.25% 2.9% 1.61% 1.56%
Announcement Date 4/8/19 3/23/20 3/22/21 3/25/22 3/21/23 3/20/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
9.094 CNY
Average target price
11.25 CNY
Spread / Average Target
+23.76%
Consensus

Quarterly revenue - Rate of surprise

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