Yatsen Holding (NYSE:YSG) - Share price, News & Analysis

YSG fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

YSG Stock Overview

Rewards

Trading at 84.2% below our estimate of its fair value

Risk Analysis

Highly volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years

Yatsen Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Yatsen Holding
Historical stock prices
Current Share Price	US$0.49
52 Week High	US$11.64
52 Week Low	US$0.39
Beta	0
1 Month Change	-17.23%
3 Month Change	-64.44%
1 Year Change	-95.68%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-97.33%

Shareholder Returns

	YSG	US Personal Products	US Market
7D	14.8%	7.8%	5.9%
1Y	-95.7%	-24.5%	-10.2%

Return vs Industry: YSG underperformed the US Personal Products industry which returned -29.9% over the past year.

Return vs Market: YSG underperformed the US Market which returned -15.1% over the past year.

Price Volatility

Is YSG's price volatile compared to industry and market?
YSG volatility
YSG Average Weekly Movement	20.1%
Personal Products Industry Average Movement	10.6%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

Stable Share Price: YSG is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: YSG's weekly volatility has increased from 14% to 20% over the past year.

About the Company

Founded	Employees	CEO	Website
2016	3,497	Jinfeng Huang	https://ir.yatsenglobal.com

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby’s Choice, GalÃnic, DR WU, Eve Lom, and EANTiM brands in the People’s Republic of China. It offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; and makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors, and makeup sponges.

Yatsen Holding Fundamentals Summary

How do Yatsen Holding's earnings and revenue compare to its market cap?
YSG fundamental statistics
Market Cap	CN¥2.08b
Earnings (TTM)	-CN¥1.51b
Revenue (TTM)	CN¥5.29b

0.4x

P/S Ratio

-1.4x

P/E Ratio

Is YSG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
YSG income statement (TTM)
Revenue	CN¥5.29b
Cost of Revenue	CN¥1.76b
Gross Profit	CN¥3.52b
Other Expenses	CN¥5.04b
Earnings	-CN¥1.51b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-2.40
Gross Margin	66.62%
Net Profit Margin	-28.65%
Debt/Equity Ratio	0%

How did YSG perform over the long term?

See historical performance and comparison

Valuation

Is Yatsen Holding undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: YSG ($0.49) is trading below our estimate of fair value ($3.1)

Significantly Below Fair Value: YSG is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: YSG is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US Personal Products industry average.

PE vs Market: YSG is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate YSG's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: YSG is good value based on its Price-To-Book Ratio (0.4x) compared to the US Personal Products industry average (2x).

Future Growth

How is Yatsen Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

55.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: YSG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: YSG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: YSG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: YSG's revenue (5% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: YSG's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: YSG is forecast to be unprofitable in 3 years.

Past Performance

How has Yatsen Holding performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-42.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: YSG is currently unprofitable.

Growing Profit Margin: YSG is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: YSG is unprofitable, and losses have increased over the past 5 years at a rate of 42% per year.

Accelerating Growth: Unable to compare YSG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: YSG is unprofitable, making it difficult to compare its past year earnings growth to the Personal Products industry (34.9%).

Return on Equity

High ROE: YSG has a negative Return on Equity (-26.23%), as it is currently unprofitable.

Financial Health

How is Yatsen Holding's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: YSG's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥550.4M).

Long Term Liabilities: YSG's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥333.2M).

Debt to Equity History and Analysis

Debt Level: YSG is debt free.

Reducing Debt: YSG had no debt 5 years ago.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: YSG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if YSG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

What is Yatsen Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate YSG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate YSG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if YSG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if YSG's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as YSG has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure

CEO

Jinfeng Huang (37 yo)

5.67yrs

Tenure

Mr. Jinfeng Huang is Founder of Yatsen Holding Limited and serves as Chairman of the Board of Directors. He serves as its Chief Executive Officer and Director since September 2016. Mr. Huang served as a vi...

Leadership Team

Experienced Management: YSG's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Experienced Board: YSG's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/27 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31