S.F. Holding（002352）株式概要エス・エフ・ホールディング株式会社は、中国国内および国際的な総合物流サービスの提供に従事している。 詳細002352 ファンダメンタル分析スノーフレーク・スコア評価6/6将来の成長1/6過去の実績3/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より62.5%で取引されている 収益は年間9.49%増加すると予測されています 過去5年間の収益は年間19.4%増加しました。 同業他社や業界と比較して、良好な取引価格 アナリストらは、株価が36%上昇するだろうとほぼ一致している。 リスク分析不安定な配当実績 すべてのリスクチェックを見る002352 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥35.246.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0432b2016201920222025202620282031Revenue CN¥432.3bEarnings CN¥15.8bAdvancedSet Fair ValueView all narrativesS.F. Holding Co., Ltd. 競合他社YTO Express GroupLtdSymbol: SHSE:600233Market cap: CN¥63.6bAir China CargoSymbol: SZSE:001391Market cap: CN¥62.9bJiangsu AzureSymbol: SZSE:002245Market cap: CN¥36.7bEastern Air LogisticsSymbol: SHSE:601156Market cap: CN¥26.1b価格と性能株価の高値、安値、推移の概要S.F. Holding過去の株価現在の株価CN¥35.2452週高値CN¥51.1352週安値CN¥35.00ベータ0.461ヶ月の変化-4.81%3ヶ月変化-6.94%1年変化-24.25%3年間の変化-25.42%5年間の変化-52.76%IPOからの変化-16.71%最新ニュースお知らせ • Apr 16S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: block b meeting room, tk chuangzhi tiandi building, keji south 1st road, nanshan district, shenzhen, guangdong province., Chinaお知らせ • Apr 02S.F. Holding Co., Ltd. Proposes Final Cash Dividend for the Year Ended December 31, 2025S.F. Holding Co., Ltd. at its AGM,to be held, proposed the distribution of a final dividend of RMB 43 cents per share (December 31, 2024: RMB 60 cents) for the year ended December 31, 2025. The final cash dividend of RMB 4.3 (tax inclusive) per 10 Shares will be distributed to all Shareholders. The amount of the final cash dividend distribution is expected to be RMB 2.14 billion. Coupled with the 2025 interim cash dividend of approximately RMB 2.32 billion disbursed, the estimated aggregate amount of cash dividends for 2025 is RMB 4.46 billion, accounting for approximately 40% of the profit attributable to owners of the Company in 2025.お知らせ • Mar 31S.F. Holding Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026S.F. Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 31S.F. Holding Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026S.F. Holding Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Sep 30S.F. Holding Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025S.F. Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jul 02S.F. Holding Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025S.F. Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025最新情報をもっと見るRecent updatesお知らせ • Apr 16S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: block b meeting room, tk chuangzhi tiandi building, keji south 1st road, nanshan district, shenzhen, guangdong province., Chinaお知らせ • Apr 02S.F. Holding Co., Ltd. Proposes Final Cash Dividend for the Year Ended December 31, 2025S.F. Holding Co., Ltd. at its AGM,to be held, proposed the distribution of a final dividend of RMB 43 cents per share (December 31, 2024: RMB 60 cents) for the year ended December 31, 2025. The final cash dividend of RMB 4.3 (tax inclusive) per 10 Shares will be distributed to all Shareholders. The amount of the final cash dividend distribution is expected to be RMB 2.14 billion. Coupled with the 2025 interim cash dividend of approximately RMB 2.32 billion disbursed, the estimated aggregate amount of cash dividends for 2025 is RMB 4.46 billion, accounting for approximately 40% of the profit attributable to owners of the Company in 2025.お知らせ • Mar 31S.F. Holding Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026S.F. Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 31S.F. Holding Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026S.F. Holding Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Sep 30S.F. Holding Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025S.F. Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jul 02S.F. Holding Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025S.F. Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • Jun 27S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 2.9505 billion.S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 2.9505 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 70,000,000 Price\Range: HKD 42.15 Discount Per Security: HKD 0.25 Transaction Features: Subsequent Direct Listingお知らせ • May 22S.F. Holding Co., Ltd., Annual General Meeting, Jun 13, 2025S.F. Holding Co., Ltd., Annual General Meeting, Jun 13, 2025, at 15:00 China Standard Time. Location: block b meeting room, tk chuangzhi tiandi building, keji south 1st road, nanshan district, guangdong province, shenzhen Chinaお知らせ • Apr 01S.F. Holding Co., Ltd. Proposes Cash Dividend for 2024S.F. Holding Co., Ltd. proposed final Cash dividend/10 shares (tax included): CNY4.40000000 for 2024.お知らせ • Mar 31S.F. Holding Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025S.F. Holding Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 31S.F. Holding Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025S.F. Holding Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025お知らせ • Nov 21S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 6.171 billion.S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 6.171 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 16,150,000 Price\Range: HKD 32.3 to HKD 36.3 Discount Per Security: HKD 0.2904 Security Name: H Shares Security Type: Common Stock Securities Offered: 43,851,240 Price\Range: HKD 32.3 to HKD 36.3 Discount Per Security: HKD 0.2904 Security Name: H Shares Security Type: Common Stock Securities Offered: 109,998,760 Price\Range: HKD 32.3 to HKD 36.3 Discount Per Security: HKD 0.2904 Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed OfferingReported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.58 (vs CN¥0.43 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.58 (up from CN¥0.43 in 3Q 2023). Revenue: CN¥72.5b (up 12% from 3Q 2023). Net income: CN¥2.81b (up 35% from 3Q 2023). Profit margin: 3.9% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Oct 12S.F. Holding Co., Ltd. Proposes Special Dividend for the First Half 2024S.F. Holding Co., Ltd. proposed special dividend of CNY 10.00 per 10 shares (tax included) for the first half 2024.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥44.98, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Logistics industry in China. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥61.42 per share.お知らせ • Sep 30S.F. Holding Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024S.F. Holding Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.51 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.61 (up from CN¥0.51 in 2Q 2023). Revenue: CN¥69.1b (up 9.1% from 2Q 2023). Net income: CN¥2.90b (up 18% from 2Q 2023). Profit margin: 4.2% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Jun 29S.F. Holding Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024S.F. Holding Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024Declared Dividend • May 09Dividend increased to CN¥0.60Dividend of CN¥0.60 is 140% higher than last year. Ex-date: 14th May 2024 Payment date: 14th May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 29% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 01S.F. Holding Co., Ltd. (SZSE:002352) announces an Equity Buyback for CNY 1,000 million worth of its shares.S.F. Holding Co., Ltd. (SZSE:002352) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its shares. The plan will be valid for 12 months.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.35 in 1Q 2023). Revenue: CN¥65.3b (up 7.0% from 1Q 2023). Net income: CN¥1.91b (up 11% from 1Q 2023). Profit margin: 2.9% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.お知らせ • Mar 30S.F. Holding Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024S.F. Holding Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Mar 27S.F. Holding Co., Ltd., Annual General Meeting, Apr 30, 2024S.F. Holding Co., Ltd., Annual General Meeting, Apr 30, 2024, at 15:00 China Standard Time. Location: Tower B, SIHC Chuangzhi Tiandi Building, Keji South 1st Road, Nanshan District, Shenzhen, Guangdong ChinaReported Earnings • Mar 27Full year 2023 earnings released: EPS: CN¥1.70 (vs CN¥1.27 in FY 2022)Full year 2023 results: EPS: CN¥1.70 (up from CN¥1.27 in FY 2022). Revenue: CN¥258.4b (down 3.4% from FY 2022). Net income: CN¥8.23b (up 33% from FY 2022). Profit margin: 3.2% (up from 2.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Mar 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.7% to CN¥37.21. The fair value is estimated to be CN¥46.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 5.8%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.お知らせ • Feb 07S.F. Holding Co., Ltd. made an offer to acquire 73.2% stake in Kerry Express (Thailand) Public Company Limited (SET:KEX) for THB 7 billion.S.F. Holding Co., Ltd. made an offer to acquire 73.2% stake in Kerry Express (Thailand) Public Company Limited (SET:KEX) for THB 7 billion on February 6, 2024. In related transaction SF International Holding (Thailand) Co., Ltd signed a Share purchase agreement with Flourish Harmony Holdings Company Limited.お知らせ • Dec 30S.F. Holding Co., Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024S.F. Holding Co., Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.41 in 3Q 2022). Revenue: CN¥64.6b (down 6.4% from 3Q 2022). Net income: CN¥2.09b (up 6.6% from 3Q 2022). Profit margin: 3.2% (up from 2.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.Buying Opportunity • Sep 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥51.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.51 (vs CN¥0.30 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.51 (up from CN¥0.30 in 2Q 2022). Revenue: CN¥63.3b (down 5.6% from 2Q 2022). Net income: CN¥2.46b (up 65% from 2Q 2022). Profit margin: 3.9% (up from 2.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Buying Opportunity • Aug 25Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥54.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 24% per annum over the same time period.Buying Opportunity • Jul 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥57.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 25% per annum over the same time period.お知らせ • Jun 17JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion.JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion on June 15, 2023. The transaction is expected to close on August 6, 2023.お知らせ • May 09S.F. Holding Co., Ltd. Declares Final Dividend for the Year 2022, Payable on 12 May 2023S.F. Holding Co., Ltd. declared 2022 final profit distribution of CNY 2.50 (A shares) per 10 shares (tax included). Record date is 11 May 2023, Ex-date is 12 May 2023 and Payment date is 12 May 2023. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details: Tax on cash dividend/10 shares: CNY 0.25000000(10% x CNY 2.50000000). Net cash dividend/10 shares after tax: CNY 2.25000000(CNY 2.50000000- CNY 0.25000000).Reported Earnings • Mar 29Full year 2022 earnings released: EPS: CN¥1.27 (vs CN¥0.93 in FY 2021)Full year 2022 results: EPS: CN¥1.27 (up from CN¥0.93 in FY 2021). Revenue: CN¥267.5b (up 29% from FY 2021). Net income: CN¥6.17b (up 45% from FY 2021). Profit margin: 2.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Peter Yip was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.24 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.41 (up from CN¥0.24 in 3Q 2021). Revenue: CN¥69.1b (up 45% from 3Q 2021). Net income: CN¥1.96b (up 89% from 3Q 2021). Profit margin: 2.8% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Sep 03Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.38 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.38 in 2Q 2021). Revenue: CN¥67.1b (up 47% from 2Q 2021). Net income: CN¥1.49b (down 15% from 2Q 2021). Profit margin: 2.2% (down from 3.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 24% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.22 loss in 1Q 2021)First quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.22 loss in 1Q 2021). Revenue: CN¥63.0b (up 48% from 1Q 2021). Net income: CN¥1.02b (up CN¥2.01b from 1Q 2021). Profit margin: 1.6% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 25%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Peter Yip was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: CN¥0.93 (vs CN¥1.64 in FY 2020)Full year 2021 results: EPS: CN¥0.93 (down from CN¥1.64 in FY 2020). Revenue: CN¥207.2b (up 35% from FY 2020). Net income: CN¥4.27b (down 42% from FY 2020). Profit margin: 2.1% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 30%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.41 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥47.5b (up 24% from 3Q 2020). Net income: CN¥1.04b (down 44% from 3Q 2020). Profit margin: 2.2% (down from 4.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.64 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥45.7b (up 22% from 2Q 2020). Net income: CN¥1.75b (down 39% from 2Q 2020). Profit margin: 3.8% (down from 7.6% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year.Reported Earnings • Apr 25First quarter 2021 earnings released: CN¥0.22 loss per share (vs CN¥0.21 profit in 1Q 2020)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CN¥42.6b (up 27% from 1Q 2020). Net loss: CN¥989.0m (down 209% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥65.90, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Logistics industry in China. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥92.63 per share.Executive Departure • Mar 24Supervisor has left the companyOn the 16th of March, Li Li's tenure as Supervisor ended after 1.2 years in the role. We don't have any record of a personal shareholding under Li's name. A total of 2 executives have left over the last 12 months.Executive Departure • Mar 24Chairman of the Supervisory Board Xun Sun has left the companyOn the 16th of March, Xun Sun's tenure as Chairman of the Supervisory Board ended after 1.2 years in the role. We don't have any record of a personal shareholding under Xun's name. A total of 2 executives have left over the last 12 months.Reported Earnings • Mar 18Full year 2020 earnings released: EPS CN¥1.64 (vs CN¥1.32 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥154.0b (up 37% from FY 2019). Net income: CN¥7.33b (up 26% from FY 2019). Profit margin: 4.8% (down from 5.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 11New 90-day high: CN¥117The company is up 45% from its price of CN¥80.83 on 13 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥190 per share.Is New 90 Day High Low • Jan 20New 90-day high: CN¥93.99The company is up 11% from its price of CN¥84.99 on 23 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥246 per share.Is New 90 Day High Low • Jan 05New 90-day high: CN¥93.50The company is up 15% from its price of CN¥81.20 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥240 per share.お知らせ • Dec 30Line Clear Express and Logistics Sdn Bhd Enters into League Agreement with S.F. Holding Co., LtdMMag Holdings Berhad announced that Line Clear Express and Logistics Sdn Bhd, a sub- subsidiary of the company had on December 28, 2020 entered into a League Agreement with SF Express. As a provider of express delivery and transportation services, SF Express intends to provide customers in the territory of Malaysia except Sabah and Port Klang with comprehensive express order fulfilment and comprehensive transportation solutions. Line Clear has the ability and the requisite license in the Territory to engage in the sales of express products, pickup and delivery services, customs clearance, international express delivery and/or cargo transportation within its business scope. SF Express will provide trademark authorization, design support, product support, system empowerment, market management training, personnel training, legal support, after- sales support. Line Clear will provide office workers, deliverymen, delivery vehicles, implementation of all SF Express' businesses in Malaysia, promotion and development of SF Express' brand, specific implementation of SF Express' products in Malaysia, use of SF Express' software, spreading and enrichment of SF Express's philosophy, and accomplishment of SF Express' after-sales services and other jobs. Subject to clause in Section 4 of this announcement, either Party may terminate the agreement by giving at least three calendar months' written notice to the other Party. In case of any loss caused by Line Clear's early termination, SF Express shall be liable for compensation. Upon signing, the Agreement shall be valid from December 15, 2020 to December 14, 2023. Both parties agree that the cooperation shall remain in pilot run from December 15, 2020 to February 14, 2021.Is New 90 Day High Low • Nov 25New 90-day low: CN¥76.32The company is down 13% from its price of CN¥87.58 on 28 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥190 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥7.08b, up 20% from the prior year. Total revenue was CN¥143.0b over the last 12 months, up 37% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 28Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 0.04% at CN¥38.5b. Revenue is forecast to grow 25% over the next year, compared to a 25% growth forecast for the Logistics industry in China.お知らせ • Oct 20S.F. Holding Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020S.F. Holding Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020Is New 90 Day High Low • Oct 13New 90-day high: CN¥91.30The company is up 37% from its price of CN¥66.43 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥171 per share.お知らせ • Aug 07S.F. Holding Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020S.F. Holding Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020お知らせ • Aug 06An unknown buyer acquired 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd.An unknown buyer acquired 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd. on August 5, 2020. Upon closing, Shenzhen Mingde Holding Development Co., Ltd. will hold 59.3% stake in S.F. Holding Co., Ltd. An unknown buyer completed the acquisition 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd. on August 5, 2020.株主還元002352CN LogisticsCN 市場7D-0.7%-0.5%-1.5%1Y-24.2%-5.2%34.5%株主還元を見る業界別リターン: 002352過去 1 年間で-5.2 % の収益を上げたCN Logistics業界を下回りました。リターン対市場: 002352は、過去 1 年間で34.5 % のリターンを上げたCN市場を下回りました。価格変動Is 002352's price volatile compared to industry and market?002352 volatility002352 Average Weekly Movement2.7%Logistics Industry Average Movement5.6%Market Average Movement6.5%10% most volatile stocks in CN Market10.2%10% least volatile stocks in CN Market4.3%安定した株価: 002352 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 002352の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1993158,761Dick Wangwww.sf-express.comエスエフホールディングは、中国国内および国際的な総合物流サービスの提供に従事している。事業内容Ltd.、以下「エスエフホールディング」）は、中国国内および国際的な総合ロジスティクス・サービスを提供している。宅配便、国際貨物輸送、国内・国際エクスプレスサービスなど、技術メンテナンス・開発サービス、貨物輸送・貨物フォワーディングサービス、付加価値通信サービスなどを提供している。また、サプライチェーン管理などのサービス、航空貨物輸送サービス、電子商取引工業団地管理、管理コンサルティング、工業投資・リースサービスなども提供している。さらに、融資・資産管理サービス、商品配送サービス、保険サービス、技術開発・コンサルティングサービスも提供し、小売店の運営も行っている。さらに、不動産管理サービス、情報技術サービス、ファクタリング・サービス、ビジネス情報と経営管理に関するコンサルティング・サービスも提供している。同社は以前は馬鞍山丁泰稀土新材料有限公司として知られていたが、2017年2月にエスエフホールディング株式会社に社名を変更した。同社は1993年に設立され、中国の深センに本社を置いている。S.F. Holding Co., Ltd.は、Shenzhen Mingde Holding Development Co., Ltd.の子会社として運営されている。もっと見るS.F. Holding Co., Ltd. 基礎のまとめS.F. Holding の収益と売上を時価総額と比較するとどうか。002352 基礎統計学時価総額CN¥173.19b収益（TTM）CN¥11.41b売上高(TTM)CN¥312.52b15.4xPER（株価収益率0.6xP/Sレシオ002352 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計002352 損益計算書（TTM）収益CN¥312.52b売上原価CN¥270.57b売上総利益CN¥41.95bその他の費用CN¥30.54b収益CN¥11.41b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）2.29グロス・マージン13.42%純利益率3.65%有利子負債／自己資本比率36.4%002352 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.5%現在の配当利回り39%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/28 20:17終値2026/05/28 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋S.F. Holding Co., Ltd. 23 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。36 アナリスト機関Cherry LeungBernsteinFan TsoBofA Global ResearchJiangnan LuoChina Galaxy Securities Co., Ltd.33 その他のアナリストを表示
お知らせ • Apr 16S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: block b meeting room, tk chuangzhi tiandi building, keji south 1st road, nanshan district, shenzhen, guangdong province., China
お知らせ • Apr 02S.F. Holding Co., Ltd. Proposes Final Cash Dividend for the Year Ended December 31, 2025S.F. Holding Co., Ltd. at its AGM,to be held, proposed the distribution of a final dividend of RMB 43 cents per share (December 31, 2024: RMB 60 cents) for the year ended December 31, 2025. The final cash dividend of RMB 4.3 (tax inclusive) per 10 Shares will be distributed to all Shareholders. The amount of the final cash dividend distribution is expected to be RMB 2.14 billion. Coupled with the 2025 interim cash dividend of approximately RMB 2.32 billion disbursed, the estimated aggregate amount of cash dividends for 2025 is RMB 4.46 billion, accounting for approximately 40% of the profit attributable to owners of the Company in 2025.
お知らせ • Mar 31S.F. Holding Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026S.F. Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 31S.F. Holding Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026S.F. Holding Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Sep 30S.F. Holding Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025S.F. Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jul 02S.F. Holding Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025S.F. Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • Apr 16S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: block b meeting room, tk chuangzhi tiandi building, keji south 1st road, nanshan district, shenzhen, guangdong province., China
お知らせ • Apr 02S.F. Holding Co., Ltd. Proposes Final Cash Dividend for the Year Ended December 31, 2025S.F. Holding Co., Ltd. at its AGM,to be held, proposed the distribution of a final dividend of RMB 43 cents per share (December 31, 2024: RMB 60 cents) for the year ended December 31, 2025. The final cash dividend of RMB 4.3 (tax inclusive) per 10 Shares will be distributed to all Shareholders. The amount of the final cash dividend distribution is expected to be RMB 2.14 billion. Coupled with the 2025 interim cash dividend of approximately RMB 2.32 billion disbursed, the estimated aggregate amount of cash dividends for 2025 is RMB 4.46 billion, accounting for approximately 40% of the profit attributable to owners of the Company in 2025.
お知らせ • Mar 31S.F. Holding Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026S.F. Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 31S.F. Holding Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026S.F. Holding Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Sep 30S.F. Holding Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025S.F. Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jul 02S.F. Holding Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025S.F. Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • Jun 27S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 2.9505 billion.S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 2.9505 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 70,000,000 Price\Range: HKD 42.15 Discount Per Security: HKD 0.25 Transaction Features: Subsequent Direct Listing
お知らせ • May 22S.F. Holding Co., Ltd., Annual General Meeting, Jun 13, 2025S.F. Holding Co., Ltd., Annual General Meeting, Jun 13, 2025, at 15:00 China Standard Time. Location: block b meeting room, tk chuangzhi tiandi building, keji south 1st road, nanshan district, guangdong province, shenzhen China
お知らせ • Apr 01S.F. Holding Co., Ltd. Proposes Cash Dividend for 2024S.F. Holding Co., Ltd. proposed final Cash dividend/10 shares (tax included): CNY4.40000000 for 2024.
お知らせ • Mar 31S.F. Holding Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025S.F. Holding Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 31S.F. Holding Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025S.F. Holding Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025
お知らせ • Nov 21S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 6.171 billion.S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 6.171 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 16,150,000 Price\Range: HKD 32.3 to HKD 36.3 Discount Per Security: HKD 0.2904 Security Name: H Shares Security Type: Common Stock Securities Offered: 43,851,240 Price\Range: HKD 32.3 to HKD 36.3 Discount Per Security: HKD 0.2904 Security Name: H Shares Security Type: Common Stock Securities Offered: 109,998,760 Price\Range: HKD 32.3 to HKD 36.3 Discount Per Security: HKD 0.2904 Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed Offering
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.58 (vs CN¥0.43 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.58 (up from CN¥0.43 in 3Q 2023). Revenue: CN¥72.5b (up 12% from 3Q 2023). Net income: CN¥2.81b (up 35% from 3Q 2023). Profit margin: 3.9% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Oct 12S.F. Holding Co., Ltd. Proposes Special Dividend for the First Half 2024S.F. Holding Co., Ltd. proposed special dividend of CNY 10.00 per 10 shares (tax included) for the first half 2024.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥44.98, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Logistics industry in China. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥61.42 per share.
お知らせ • Sep 30S.F. Holding Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024S.F. Holding Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.51 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.61 (up from CN¥0.51 in 2Q 2023). Revenue: CN¥69.1b (up 9.1% from 2Q 2023). Net income: CN¥2.90b (up 18% from 2Q 2023). Profit margin: 4.2% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Jun 29S.F. Holding Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024S.F. Holding Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024
Declared Dividend • May 09Dividend increased to CN¥0.60Dividend of CN¥0.60 is 140% higher than last year. Ex-date: 14th May 2024 Payment date: 14th May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 29% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 01S.F. Holding Co., Ltd. (SZSE:002352) announces an Equity Buyback for CNY 1,000 million worth of its shares.S.F. Holding Co., Ltd. (SZSE:002352) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its shares. The plan will be valid for 12 months.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.35 in 1Q 2023). Revenue: CN¥65.3b (up 7.0% from 1Q 2023). Net income: CN¥1.91b (up 11% from 1Q 2023). Profit margin: 2.9% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • Mar 30S.F. Holding Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024S.F. Holding Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Mar 27S.F. Holding Co., Ltd., Annual General Meeting, Apr 30, 2024S.F. Holding Co., Ltd., Annual General Meeting, Apr 30, 2024, at 15:00 China Standard Time. Location: Tower B, SIHC Chuangzhi Tiandi Building, Keji South 1st Road, Nanshan District, Shenzhen, Guangdong China
Reported Earnings • Mar 27Full year 2023 earnings released: EPS: CN¥1.70 (vs CN¥1.27 in FY 2022)Full year 2023 results: EPS: CN¥1.70 (up from CN¥1.27 in FY 2022). Revenue: CN¥258.4b (down 3.4% from FY 2022). Net income: CN¥8.23b (up 33% from FY 2022). Profit margin: 3.2% (up from 2.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Mar 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.7% to CN¥37.21. The fair value is estimated to be CN¥46.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 5.8%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
お知らせ • Feb 07S.F. Holding Co., Ltd. made an offer to acquire 73.2% stake in Kerry Express (Thailand) Public Company Limited (SET:KEX) for THB 7 billion.S.F. Holding Co., Ltd. made an offer to acquire 73.2% stake in Kerry Express (Thailand) Public Company Limited (SET:KEX) for THB 7 billion on February 6, 2024. In related transaction SF International Holding (Thailand) Co., Ltd signed a Share purchase agreement with Flourish Harmony Holdings Company Limited.
お知らせ • Dec 30S.F. Holding Co., Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024S.F. Holding Co., Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.41 in 3Q 2022). Revenue: CN¥64.6b (down 6.4% from 3Q 2022). Net income: CN¥2.09b (up 6.6% from 3Q 2022). Profit margin: 3.2% (up from 2.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Buying Opportunity • Sep 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥51.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.
Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.51 (vs CN¥0.30 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.51 (up from CN¥0.30 in 2Q 2022). Revenue: CN¥63.3b (down 5.6% from 2Q 2022). Net income: CN¥2.46b (up 65% from 2Q 2022). Profit margin: 3.9% (up from 2.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Buying Opportunity • Aug 25Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥54.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 24% per annum over the same time period.
Buying Opportunity • Jul 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥57.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 25% per annum over the same time period.
お知らせ • Jun 17JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion.JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion on June 15, 2023. The transaction is expected to close on August 6, 2023.
お知らせ • May 09S.F. Holding Co., Ltd. Declares Final Dividend for the Year 2022, Payable on 12 May 2023S.F. Holding Co., Ltd. declared 2022 final profit distribution of CNY 2.50 (A shares) per 10 shares (tax included). Record date is 11 May 2023, Ex-date is 12 May 2023 and Payment date is 12 May 2023. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details: Tax on cash dividend/10 shares: CNY 0.25000000(10% x CNY 2.50000000). Net cash dividend/10 shares after tax: CNY 2.25000000(CNY 2.50000000- CNY 0.25000000).
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: CN¥1.27 (vs CN¥0.93 in FY 2021)Full year 2022 results: EPS: CN¥1.27 (up from CN¥0.93 in FY 2021). Revenue: CN¥267.5b (up 29% from FY 2021). Net income: CN¥6.17b (up 45% from FY 2021). Profit margin: 2.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Peter Yip was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.24 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.41 (up from CN¥0.24 in 3Q 2021). Revenue: CN¥69.1b (up 45% from 3Q 2021). Net income: CN¥1.96b (up 89% from 3Q 2021). Profit margin: 2.8% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Sep 03Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.38 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.38 in 2Q 2021). Revenue: CN¥67.1b (up 47% from 2Q 2021). Net income: CN¥1.49b (down 15% from 2Q 2021). Profit margin: 2.2% (down from 3.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 24% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.22 loss in 1Q 2021)First quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.22 loss in 1Q 2021). Revenue: CN¥63.0b (up 48% from 1Q 2021). Net income: CN¥1.02b (up CN¥2.01b from 1Q 2021). Profit margin: 1.6% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 25%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Peter Yip was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: CN¥0.93 (vs CN¥1.64 in FY 2020)Full year 2021 results: EPS: CN¥0.93 (down from CN¥1.64 in FY 2020). Revenue: CN¥207.2b (up 35% from FY 2020). Net income: CN¥4.27b (down 42% from FY 2020). Profit margin: 2.1% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 30%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.41 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥47.5b (up 24% from 3Q 2020). Net income: CN¥1.04b (down 44% from 3Q 2020). Profit margin: 2.2% (down from 4.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.64 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥45.7b (up 22% from 2Q 2020). Net income: CN¥1.75b (down 39% from 2Q 2020). Profit margin: 3.8% (down from 7.6% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year.
Reported Earnings • Apr 25First quarter 2021 earnings released: CN¥0.22 loss per share (vs CN¥0.21 profit in 1Q 2020)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CN¥42.6b (up 27% from 1Q 2020). Net loss: CN¥989.0m (down 209% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥65.90, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Logistics industry in China. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥92.63 per share.
Executive Departure • Mar 24Supervisor has left the companyOn the 16th of March, Li Li's tenure as Supervisor ended after 1.2 years in the role. We don't have any record of a personal shareholding under Li's name. A total of 2 executives have left over the last 12 months.
Executive Departure • Mar 24Chairman of the Supervisory Board Xun Sun has left the companyOn the 16th of March, Xun Sun's tenure as Chairman of the Supervisory Board ended after 1.2 years in the role. We don't have any record of a personal shareholding under Xun's name. A total of 2 executives have left over the last 12 months.
Reported Earnings • Mar 18Full year 2020 earnings released: EPS CN¥1.64 (vs CN¥1.32 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥154.0b (up 37% from FY 2019). Net income: CN¥7.33b (up 26% from FY 2019). Profit margin: 4.8% (down from 5.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 11New 90-day high: CN¥117The company is up 45% from its price of CN¥80.83 on 13 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥190 per share.
Is New 90 Day High Low • Jan 20New 90-day high: CN¥93.99The company is up 11% from its price of CN¥84.99 on 23 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥246 per share.
Is New 90 Day High Low • Jan 05New 90-day high: CN¥93.50The company is up 15% from its price of CN¥81.20 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥240 per share.
お知らせ • Dec 30Line Clear Express and Logistics Sdn Bhd Enters into League Agreement with S.F. Holding Co., LtdMMag Holdings Berhad announced that Line Clear Express and Logistics Sdn Bhd, a sub- subsidiary of the company had on December 28, 2020 entered into a League Agreement with SF Express. As a provider of express delivery and transportation services, SF Express intends to provide customers in the territory of Malaysia except Sabah and Port Klang with comprehensive express order fulfilment and comprehensive transportation solutions. Line Clear has the ability and the requisite license in the Territory to engage in the sales of express products, pickup and delivery services, customs clearance, international express delivery and/or cargo transportation within its business scope. SF Express will provide trademark authorization, design support, product support, system empowerment, market management training, personnel training, legal support, after- sales support. Line Clear will provide office workers, deliverymen, delivery vehicles, implementation of all SF Express' businesses in Malaysia, promotion and development of SF Express' brand, specific implementation of SF Express' products in Malaysia, use of SF Express' software, spreading and enrichment of SF Express's philosophy, and accomplishment of SF Express' after-sales services and other jobs. Subject to clause in Section 4 of this announcement, either Party may terminate the agreement by giving at least three calendar months' written notice to the other Party. In case of any loss caused by Line Clear's early termination, SF Express shall be liable for compensation. Upon signing, the Agreement shall be valid from December 15, 2020 to December 14, 2023. Both parties agree that the cooperation shall remain in pilot run from December 15, 2020 to February 14, 2021.
Is New 90 Day High Low • Nov 25New 90-day low: CN¥76.32The company is down 13% from its price of CN¥87.58 on 28 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥190 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥7.08b, up 20% from the prior year. Total revenue was CN¥143.0b over the last 12 months, up 37% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 28Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 0.04% at CN¥38.5b. Revenue is forecast to grow 25% over the next year, compared to a 25% growth forecast for the Logistics industry in China.
お知らせ • Oct 20S.F. Holding Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020S.F. Holding Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020
Is New 90 Day High Low • Oct 13New 90-day high: CN¥91.30The company is up 37% from its price of CN¥66.43 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥171 per share.
お知らせ • Aug 07S.F. Holding Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020S.F. Holding Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020
お知らせ • Aug 06An unknown buyer acquired 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd.An unknown buyer acquired 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd. on August 5, 2020. Upon closing, Shenzhen Mingde Holding Development Co., Ltd. will hold 59.3% stake in S.F. Holding Co., Ltd. An unknown buyer completed the acquisition 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd. on August 5, 2020.
