NasdaqGM:SY

Stock Analysis Report

So-Young International

Executive Summary

So-Young International Inc. operates an online platform for discovering, evaluating, and reserving medical aesthetic services.


Snowflake Analysis

High growth potential with adequate balance sheet.

Share Price & News

How has So-Young International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

SY

1.6%

US Interactive Media and Services

0.3%

US Market


1 Year Return

n/a

SY

26.3%

US Interactive Media and Services

18.5%

US Market

Return vs Industry: Insufficient data to determine how SY performed against the US Interactive Media and Services industry.

Return vs Market: Insufficient data to determine how SY performed against the US Market.


Shareholder returns

SYIndustryMarket
7 Day0.8%1.6%0.3%
30 Day0.3%2.7%1.5%
90 Day7.7%7.4%5.7%
1 Yearn/a26.4%26.3%21.1%18.5%
3 Yearn/a55.4%55.2%45.9%36.4%
5 Yearn/a118.0%117.5%71.4%52.5%

Price Volatility Vs. Market

How volatile is So-Young International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is So-Young International undervalued compared to its fair value and its price relative to the market?

3.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SY ($12.2) is trading above our estimate of fair value ($5.48)

Significantly Below Fair Value: SY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SY is unprofitable, so we can't compare its PE Ratio to the Interactive Media and Services industry average.

PE vs Market: SY is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SY is overvalued based on its PB Ratio (3.5x) compared to the US Interactive Media and Services industry average (2.8x).


Next Steps

Future Growth

How is So-Young International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

54.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: SY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SY's is expected to become profitable in the next 3 years.

Revenue vs Market: SY's revenue (39.2% per year) is forecast to grow faster than the US market (7.4% per year).

High Growth Revenue: SY's revenue (39.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has So-Young International performed over the past 5 years?

0.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SY is currently unprofitable.

Growing Profit Margin: SY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SY's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: SY is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (15.9%).


Return on Equity

High ROE: SY has a negative Return on Equity (3.66%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is So-Young International's financial position?


Financial Position Analysis

Short Term Liabilities: SY's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥409.9M).

Long Term Liabilities: SY's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥137.3M).


Debt to Equity History and Analysis

Debt Level: SY is debt free.

Reducing Debt: SY has not had any debt for past 5 years.


Balance Sheet

Inventory Level: SY has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SY's debt is covered by short term assets.


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: Insufficient data to determine if SY has enough cash runway based on its current free cash flow.

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


Next Steps

Dividend

What is So-Young International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of So-Young International's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Xing Jin (39yo)

6.8yrs

Tenure

0

Mr. Xing Jin is co-founder of So-Young International Inc. and has served as director and chief executive officer since March 2013. Mr. Jin was the vice president and general manager of social operations of ...


Management Age and Tenure

3.0yrs

Average Tenure

38yo

Average Age

Experienced Management: SY's management team is considered experienced (3 years average tenure).


Board Age and Tenure

0.6yrs

Average Tenure

35yo

Average Age

Experienced Board: SY's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyCN¥699,61221 Nov 19
Orchid Asia Group Management, Ltd.
EntityCompany
Shares1,757,332
Max PriceCN¥12.00
BuyCN¥19,836,45901 Nov 19
Orchid Asia Group Management, Ltd.
EntityCompany
Shares1,803,136
Max PriceCN¥11.84

Ownership Breakdown

Dilution of Shares: SY only recently listed within the past 12 months, with total shares outstanding growing by 22.9% in the past year..


Management Team

  • Xuejian Li (37yo)

    Chief Technology Officer

    • Tenure: 0yrs
  • Xing Jin (39yo)

    Co-Founder

    • Tenure: 6.8yrs
  • Tao Yu (40yo)

    Co-Founder & Chief Information Officer

    • Tenure: 6.9yrs
  • Min Yu (35yo)

    CFO & Director

    • Tenure: 0.6yrs
  • Xiao Liu (33yo)

    Chief Operating Officer

    • Tenure: 4.6yrs
  • Guanzhong Hu (38yo)

    Chief Marketing Officer

    • Tenure: 1.3yrs
  • Guangwei Zhao (39yo)

    Chief Human Resources officer

    • Tenure: 1.5yrs

Board Members

  • Huadong Wang (34yo)

    Director

    • Tenure: 5.3yrs
  • Charles Yang (36yo)

    Independent Director

    • Tenure: 0.6yrs
  • Xing Jin (39yo)

    Co-Founder

    • Tenure: 6.8yrs
  • Min Yu (35yo)

    CFO & Director

    • Tenure: 0.6yrs
  • Jay Xiao (35yo)

    Independent Director

    • Tenure: 0.6yrs

Company Information

So-Young International Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: So-Young International Inc.
  • Ticker: SY
  • Exchange: NasdaqGM
  • Founded: 2013
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$1.265b
  • Shares outstanding: 102.20m
  • Website: https://www.soyoung.com

Number of Employees


Location

  • So-Young International Inc.
  • 3/F, Wangjing SOHO-Tower 3A
  • Chaoyang District
  • Beijing
  • 100102
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SYNasdaqGM (Nasdaq Global Market)YesSPONSORED ADSUSUSDMay 2019

Biography

So-Young International Inc. operates an online platform for discovering, evaluating, and reserving medical aesthetic services. The company facilitates research for treatments, read reviews about them, and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 01:04
End of Day Share Price2019/12/06 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.