So-Young International Inc.

NasdaqGM:SY Stock Report

Market Cap: US$90.8m

So-Young International Valuation

Is SY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SY's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SY?

Key metric: As SY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SY. This is calculated by dividing SY's market cap by their current earnings.
What is SY's PE Ratio?
PE Ratio18.3x
EarningsCN¥33.51m
Market CapCN¥657.92m

Price to Earnings Ratio vs Peers

How does SY's PE Ratio compare to its peers?

The above table shows the PE ratio for SY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.7x
DHX DHI Group
59.1x-69.9%US$77.3m
OB Outbrain
70.7x47.7%US$249.2m
CANP.Y Cian
12.4xn/aUS$237.9m
CHR Cheer Holding
0.8xn/aUS$26.9m
SY So-Young International
18.3x39.5%US$90.8m

Price-To-Earnings vs Peers: SY is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (35.7x).

Price to Earnings Ratio vs Industry

How does SY's PE Ratio compare vs other companies in the US Interactive Media and Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CHR Cheer Holding
0.8xn/aUS$26.95m
MI NFT
2.6xn/aUS$13.18m
No more companies available in this PE range
SY 18.3xIndustry Avg. 23.4xNo. of Companies5PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SY is good value based on its Price-To-Earnings Ratio (18.3x) compared to the US Interactive Media and Services industry average (23.7x).

Price to Earnings Ratio vs Fair Ratio

What is SY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.3x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: SY is good value based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.83
US$1.29
+55.2%
22.9%US$1.53US$0.80n/a4
Nov ’25US$0.86
US$1.29
+49.6%
22.9%US$1.53US$0.80n/a4
Oct ’25US$1.02
US$1.30
+27.7%
23.2%US$1.54US$0.80n/a4
Sep ’25US$0.85
US$1.44
+69.4%
6.0%US$1.50US$1.29n/a4
Aug ’25US$0.90
US$1.44
+60.3%
6.0%US$1.50US$1.29n/a4
Jul ’25US$1.02
US$1.44
+41.6%
6.0%US$1.50US$1.30n/a4
Jun ’25US$1.06
US$1.46
+37.4%
6.2%US$1.53US$1.30n/a4
May ’25US$1.28
US$1.56
+21.5%
5.2%US$1.69US$1.50n/a4
Apr ’25US$1.14
US$1.56
+36.4%
5.2%US$1.70US$1.50n/a4
Mar ’25US$1.11
US$1.85
+66.5%
7.7%US$1.99US$1.70n/a4
Feb ’25US$1.03
US$1.85
+79.4%
7.7%US$1.99US$1.70n/a4
Jan ’25US$1.29
US$1.85
+43.7%
7.7%US$2.00US$1.71n/a4
Dec ’24US$1.15
US$1.87
+62.3%
8.3%US$2.04US$1.71n/a4
Nov ’24US$0.91
US$2.18
+139.4%
11.5%US$2.60US$2.00US$0.864
Oct ’24US$1.05
US$2.18
+108.2%
11.5%US$2.60US$2.00US$1.024
Sep ’24US$1.44
US$2.18
+51.1%
11.5%US$2.60US$2.00US$0.854
Aug ’24US$1.69
US$2.93
+73.6%
9.8%US$3.28US$2.48US$0.904
Jul ’24US$1.84
US$2.93
+59.5%
9.8%US$3.28US$2.48US$1.024
Jun ’24US$2.16
US$2.93
+35.8%
9.8%US$3.28US$2.48US$1.064
May ’24US$2.72
US$2.89
+6.3%
6.6%US$3.00US$2.56US$1.284
Apr ’24US$2.15
US$2.85
+32.7%
7.3%US$3.00US$2.56US$1.143
Mar ’24US$2.63
US$1.69
-35.6%
55.5%US$3.00US$0.83US$1.113
Feb ’24US$2.99
US$1.03
-65.6%
16.3%US$1.20US$0.80US$1.033
Jan ’24US$1.29
US$1.03
-20.2%
16.3%US$1.20US$0.80US$1.293
Dec ’23US$0.80
US$1.03
+28.1%
16.3%US$1.20US$0.80US$1.153
Nov ’23US$0.52
US$2.06
+299.5%
69.9%US$4.10US$0.99US$0.913

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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