Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$1.02, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 15x in the Logistics industry in the US. Total loss to shareholders of 78% over the past three years. New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$74.3m market cap). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$1.02, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 19x in the Logistics industry in the US. Total returns to shareholders of 1.5% over the past year. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to US$1.01, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 16x in the Logistics industry in the US. Negligible returns to shareholders over past year. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$1.06, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 17x in the Logistics industry in the US. Total loss to shareholders of 18% over the past year. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: US$0.071 (vs US$0.061 in 1H 2024) First half 2025 results: EPS: US$0.071 (up from US$0.061 in 1H 2024). Revenue: US$263.4m (up 16% from 1H 2024). Net income: US$5.86m (up 16% from 1H 2024). Profit margin: 2.2% (in line with 1H 2024). New Risk • Aug 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (US$87.4m market cap). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1.11, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 15x in the Logistics industry in the US. Total loss to shareholders of 4.8% over the past year. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: US$0.13 (vs US$0.13 in FY 2023) Full year 2024 results: EPS: US$0.13 (up from US$0.13 in FY 2023). Revenue: US$504.2m (up 25% from FY 2023). Net income: US$10.9m (up 5.7% from FY 2023). Profit margin: 2.2% (down from 2.5% in FY 2023). The decrease in margin was driven by higher expenses. New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (US$83.3m market cap). New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (US$99.0m market cap). Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.50, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 24x in the Logistics industry in the US. Total loss to shareholders of 88% over the past year. New Risk • Sep 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$97.3m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (US$97.3m market cap). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$1.34, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 20x in the Logistics industry in the US. Total loss to shareholders of 84% over the past year. New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). High level of non-cash earnings (22% accrual ratio). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 43% After last week's 43% share price decline to US$1.10, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 20x in the Logistics industry in the US. Total loss to shareholders of 89% over the past year. Annonce • May 05
Shengfeng Development Limited, Annual General Meeting, May 15, 2024 Shengfeng Development Limited, Annual General Meeting, May 15, 2024, at 22:00 US Eastern Standard Time. Location: Shengfeng Building, No. 478 Fuxin East Road, Jin’an District Fuzhou City Fujian Province China Agenda: To consider the re-appointment of Marcum Asia CPAs LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 and to consider other matters. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$1.80, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 18x in the Logistics industry in the US. Total loss to shareholders of 57% over the past year. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: US$0.13 (vs US$0.097 in FY 2022) Full year 2023 results: EPS: US$0.13 (up from US$0.097 in FY 2022). Revenue: US$404.1m (up 9.1% from FY 2022). Net income: US$10.3m (up 32% from FY 2022). Profit margin: 2.5% (up from 2.1% in FY 2022). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Mar 18
Now 21% overvalued Over the last 90 days, the stock has fallen 49% to US$1.68. The fair value is estimated to be US$1.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has grown by 57%. Buy Or Sell Opportunity • Feb 29
Now 25% overvalued Over the last 90 days, the stock has fallen 88% to US$1.72. The fair value is estimated to be US$1.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has grown by 57%. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1.60, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 17x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$1.88, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 15x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.84, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to US$2.19, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 16x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 77% After last week's 77% share price decline to US$3.28, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 17x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to US$9.32, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 15x in the Logistics industry in the US. Reported Earnings • Oct 12
First half 2023 earnings released: EPS: US$0.079 (vs US$0.031 in 1H 2022) First half 2023 results: EPS: US$0.079 (up from US$0.031 in 1H 2022). Revenue: US$185.0m (up 11% from 1H 2022). Net income: US$6.44m (up 162% from 1H 2022). Profit margin: 3.5% (up from 1.5% in 1H 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$4.77, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 17x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$6.03, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 15x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to US$7.00, the stock trades at a trailing P/E ratio of 74.1x. Average trailing P/E is 15x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$7.36, the stock trades at a trailing P/E ratio of 77.9x. Average trailing P/E is 14x in the Logistics industry in the US. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to US$5.87, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 15x in the Logistics industry in the US. Reported Earnings • May 03
Full year 2022 earnings released: EPS: US$0.097 (vs US$0.086 in FY 2021) Full year 2022 results: EPS: US$0.097 (up from US$0.086 in FY 2021). Revenue: US$370.3m (up 6.8% from FY 2021). Net income: US$7.79m (up 13% from FY 2021). Profit margin: 2.1% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue.