Secoo Holding Limited

OTCPK:SECO.Y Stock Report

Market Cap: US$706.0

Secoo Holding Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Secoo Holding.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Multiline Retail earnings growth16.9%
Revenue growth raten/a
Future return on equityn/a
Analyst coverage

None

Last updatedn/a

Recent future growth updates

No updates

Recent updates

Seeking Alpha • Sep 15

Secoo stock jumps 27% on strategic cooperation with Aladdin Technology

Secoo (NASDAQ:SECO) stock jumped 27% on Thursday after the firm announced in-depth strategic cooperation with Aladdin Legend Technology, with an up to RMB 1.3B investment. The two firms will explore business opportunities in luxury shopping and value-added services. Aladdin Technology will contribute capital, talent and technological strengths, while SECO will leverage its resources in high-end fashion supply chain and sales channels. Aladdin Technology will initially invest up to RMB 100M to set up Secoo China Club. It, along with SECO, will lay out the high-end consumption circle and develop second-hand luxury goods transactions. Aladdin Technology will make a strategic investment of up to RMB 200M and subscribe for SECO's shares listed on the stock market. With up to RMB 1B, Aladdin Technology will join hands with SECO to promote innovation and upgrading of services overseas in the global luxury industry.
Seeking Alpha • Aug 19

Secoo's Online Luxury Dream Ends In Bankruptcy, Sea Of Discontent

Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps. Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO. Secoo looks unlikely to benefit from any future boom in this lucrative market if and when consumption returns to earlier levels. Talking big is second nature to many an ambitious Chinese company. But luxury e-commerce platform Secoo Holding Ltd. (SECO) apparently went a tad too far with its fancy talk of setting up a shop that would "last for more than 109 years." The 14-year-old Shanghai-based company is currently struggling just to stay alive, having recently filed for bankruptcy in Beijing. Mind you, it was the second such bankruptcy filing for Secoo this year. The first came in January, though Secoo later withdrew that petition. Not surprisingly for a company in such distress, Nasdaq-listed Secoo has also faced a litany of problems that have irked everyone from shoppers to suppliers and shareholders. Covid-induced slowing consumption in China is an obvious culprit behind Secoo's woes, especially for luxury goods that no doubt saw sluggish demand as many people were confined to their homes to contain outbreaks. But the company's sorry state of affairs also points to its misguided strategy, as well as the inherent disadvantages of reselling luxury goods online in China. It wasn't supposed to happen this way. Secoo was founded in 2008 by Chinese businessman Li Rixue, who also uses the name, Richard. Chinese consumers' appetite for foreign luxury goods was growing exponentially at the time, giving rise to a strong resale market. From a second-hand handbag shop, Secoo grew to become the country's biggest luxury e-commerce platform, peddling top brands such as Valentino and Prada. It made its Nasdaq debut in 2017, raising about $140 million and boasting its status as China's "first luxury e-commerce stock." The early days on Wall Street were a luxuriant time for Secoo, whose net profit surged nearly 400%. the year of its listing. A confident Li was once quoted as saying that Alibaba founder Jack Ma "wants Alibaba to last for 102 years, and I want Secoo to last for 109 years." If these numbers sound odd, that's because Alibaba was founded in 1999, meaning a 102-year lifespan would stretch to 2101, putting Alibaba (BABA) in business for over three centuries. But Secoo's time is best measured now in much smaller units, probably months, if not weeks. The management has not commented on reports of its second bankruptcy filing earlier this month. But it dismissed a local media report that its Beijing office was empty, saying it had merely moved all of its luxury goods to its warehouse. Secoo was similarly coy when media reported in January that its corporate entity, Beijing Siku Shangmao Co, had filed for bankruptcy with the First Intermediate People's Court of Beijing Municipality, even as 153 million of its shares were frozen. It retracted the bankruptcy petition on Jan. 6, according to China's national enterprise bankruptcy information disclosure platform. No amount of coyness can dispel the concerns of Secoo's shareholders, who in the past two years have seen the stock move steadily downward before plunging to its all-time low over the last four months. On Thursday the stock closed at just $0.238, a tiny fraction of the $13 price for its September 2017 IPO. Mired with woes The spectacular tumble isn't surprising when one considers all of Secoo's woes. Earlier this month, it lost a court case in which Prada sought to freeze more than $1.6 million of its assets for a year. But the Italian luxury house, which joined forces with Secoo in June 2019, isn't alone in such disputes. In the last two years alone, the company has become tangled in hundreds of other sales contract disputes, mostly as the defendant. So where did things go wrong? Secoo's financial reports show that 2019 was its most profitable year, with revenue up 27.5% to about 6.87 billion yuan ($1 billion). But growing competition and shrinking consumption during the pandemic took a toll on the company, causing its revenue to drop 12% in 2020. The figure plunged by nearly half last year to just 3.13 billion yuan, as Secoo's net loss surged by 547%. As its business soured, the company missed payments involving tens of millions of yuan to more than 200 suppliers and was fined for fraudulent advertising and unpaid salaries. Last May, Secoo was reprimanded by Nasdaq for failing to file its annual report for the 2020 fiscal year on time. Seven months later, it was warned that it faced potential delisting after its shares traded below the benchmark $1 mark for an extended period. Not surprisingly, shoppers haven't been happy with the company either. The number of complaints against Secoo filed with the Chinese consumer rights protection platform Black Cat shot up from 8,800 at the start of this year to over 17,000 by August. Many are about fake goods, failure to deliver orders, and failure to provide refunds. The company has also consistently ranked No. 1 on the online public complaints platform Diansubao since last year in terms of consumer complaints received. With so much discontent, it's little wonder that Secoo's active user base and orders have both declined notably, from some 650,000 and 1.75 million, respectively, in the first half of 2020 to about 560,000 and 1.4 million in the same period last year. Many issues underlie the company's fall from grace. At the highest level is weak consumption during the pandemic. While Covid has been a boon for many e-commerce companies, pandemic-related international supply chain disruptions have negatively affected Chinese luxury e-commerce companies such as Secoo.
Analysis Article • Dec 08

What Type Of Shareholders Own The Most Number of Secoo Holding Limited (NASDAQ:SECO) Shares?

Every investor in Secoo Holding Limited ( NASDAQ:SECO ) should be aware of the most powerful shareholder groups...

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Secoo Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

OTCPK:SECO.Y - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20222,770-1,341N/AN/AN/A
3/31/20222,951-954N/AN/AN/A
12/31/20213,132-566-389-381N/A
9/30/20214,663-361N/AN/AN/A
6/30/20215,234-77N/AN/AN/A
3/31/20215,777-51N/AN/AN/A
12/31/20206,020-72-919-902N/A
9/30/20205,70127N/AN/AN/A
6/30/20206,27066N/AN/AN/A
3/31/20206,67598N/AN/AN/A
12/31/20196,846154-280-244N/A
9/30/20196,622160N/AN/AN/A
6/30/20196,252150N/AN/AN/A
3/31/20195,760140N/AN/AN/A
12/31/20185,388152-696-651N/A
9/30/20185,007152N/AN/AN/A
6/30/20184,416103N/AN/AN/A
3/31/20183,981209N/AN/AN/A
12/31/20173,740-69-197-178N/A
9/30/20173,208-264N/AN/AN/A
6/30/20172,907-420-69-50N/A
3/31/20172,714-731-140-126N/A
12/31/20162,594-640-262-251N/A
6/30/20162,207-455-303-293N/A
3/31/20161,968-319N/A-268N/A
12/31/20151,743-436N/A-127N/A
6/30/20151,256-498N/A-203N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SECO.Y's forecast earnings growth is above the savings rate (3.5%).

Earnings vs Market: Insufficient data to determine if SECO.Y's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if SECO.Y's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if SECO.Y's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SECO.Y's revenue 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 SECO.Y's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/27 23:53
End of Day Share Price 2026/06/22 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Secoo Holding Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karen ChanJefferies LLC