NasdaqGM:SY

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So-Young International

Executive Summary

So-Young International Inc. operates an online platform for medical aesthetics and consumption healthcare services focusing on discretionary medical treatments. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.

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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SY's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

15.7%

SY

8.7%

US Interactive Media and Services

2.3%

US Market


1 Year Return

0.6%

SY

32.7%

US Interactive Media and Services

23.8%

US Market

Return vs Industry: SY underperformed the US Interactive Media and Services industry which returned 32.7% over the past year.

Return vs Market: SY underperformed the US Market which returned 23.7% over the past year.


Shareholder returns

SYIndustryMarket
7 Day15.7%8.7%2.3%
30 Day16.0%6.7%4.8%
90 Day8.4%10.7%14.5%
1 Year0.6%0.6%32.7%32.7%26.6%23.8%
3 Yearn/a49.0%48.9%45.0%35.4%
5 Yearn/a142.2%141.7%126.2%101.0%

Long-Term 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?

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SY ($13.23) is trading below our estimate of fair value ($21.41)

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


Price To Earnings Ratio

PE vs Industry: SY is poor value based on its PE Ratio (242.8x) compared to the US Interactive Media and Services industry average (33.2x).

PE vs Market: SY is poor value based on its PE Ratio (242.8x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: SY is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: SY is good value based on its PB Ratio (3.5x) compared to the US Interactive Media and Services industry average (3.8x).


Next Steps

Future Growth

How is So-Young International forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

78.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SY's forecast earnings growth (78.1% per year) is above the savings rate (2%).

Earnings vs Market: SY's earnings (78.1% per year) are forecast to grow faster than the US market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SY's revenue (38.7% per year) is forecast to grow faster than the US market (10.6% per year).

High Growth Revenue: SY's revenue (38.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SY's Return on Equity is forecast to be low in 3 years time (11.5%).


Next Steps

Past Performance

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

82.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SY has high quality earnings.

Growing Profit Margin: SY's current net profit margins (3%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: SY's earnings have grown significantly by 82.6% per year over the past 5 years.

Accelerating Growth: SY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SY had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (-0.2%).


Return on Equity

High ROE: SY's Return on Equity (1.4%) is considered low.


Next Steps

Financial Health

How is So-Young International's financial position?


Financial Position Analysis

Short Term Liabilities: SY's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥504.8M).

Long Term Liabilities: SY's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥110.9M).


Debt to Equity History and Analysis

Debt Level: SY is debt free.

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

Debt Coverage: SY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SY has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SY'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 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

  • Explore strong dividend paying companies in the Media industry.

Management

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

5.2yrs

Average management tenure


CEO

Xing Jin (40 yo)

7.83yrs

Tenure

Mr. Xing Jin is co-founder of So-Young International Inc. and has been its Director and Chief Executive Officer since March 2013. Mr. Jin serves as Chairman of So-Young International Inc. He was the Vice P...


Leadership Team

NamePositionTenureCompensationOwnership
Xing Jin
Co-Founder7.83yrsno data15.83%
CN¥ 223.6m
Tao Yu
Co-Founder & Consultant8yrsno datano data
Min Yu
CFO & Director1.67yrsno datano data
Xuejian Li
Chief Technology Officerno datano datano data
Guangwei Zhao
Chief Human Resources officer2.58yrsno datano data
Christian Arnell
Investor Relations Officerno datano datano data
Vivian XU
Investor Relations Officerno datano datano data

5.2yrs

Average Tenure

40yo

Average Age

Experienced Management: SY's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xing Jin
Co-Founder7.83yrsno data15.83%
CN¥ 223.6m
Min Yu
CFO & Director1.67yrsno datano data
Haipeng Zhang
Director1.08yrsno datano data
Huadong Wang
Director6.42yrsno datano data
Zhaoxuan Yang
Independent Director1.67yrsno datano data
Harry Jiannan Wang
Independent Director0.67yrno datano data
Chao He
Independent Director0.67yrno datano data

1.4yrs

Average Tenure

36yo

Average Age

Experienced Board: SY's board of directors are not considered experienced ( 1.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.


Top Shareholders

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$1.413b
  • Shares outstanding: 106.77m
  • Website: https://www.soyoung.com

Number of Employees


Location

  • So-Young International Inc.
  • Ronsin Technology Center
  • Tower E
  • 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 medical aesthetics and consumption healthcare services focusing on discretionary medical treatments. Its platform enables users to discover conte...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 23:14
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.