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General information

Country: CHINA

Sector: Health Information Services

Categories: @china   

So-Young International Inc. operates online platform providing medical aesthetic information. The Company offers media content, social community, online reservation system for discovering, evaluating and reserving medical aesthetic services. So-Young International serves clients in China.
Website: soyoung.com



Growth: Good revenue growth rate 17.0%, there is acceleration compared to average historical growth rates 11.2%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of +22.6%

Profitability: LTM EBITDA margin is negative, -4.3%. On average the margin is decreasing steadily. Gross margin is high, +64.8%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 60% of quarters (showing a gain of -$0.03 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 4.8%. Free cash flow yield -11.8% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 146.1% higher than minimum and 88.4% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 1.8x by EV / Sales multiple

Key Financials (Download financials)

Ticker: SY
Share price, USD:  (+1.2%)1.255
year average price 1.3887  


year start price 2.6900 2023-04-29

max close price 2.7950 2023-05-17

min close price 0.8900 2023-10-24

current price 1.2550 2024-04-27
Common stocks: 107 802 874

Dividend Yield:  4.8%
Last revenue growth (y/y):  17.0%
Last growth of EBITDA (y/y):  -44.4%
Historical revenue growth:  11.2%
Historical growth of EBITDA:  ---
EV / Sales: -0.2x
Margin (EBITDA LTM / Revenue): -4.3%
Fundamental value created in LTM:
Market Cap ($m): 135
Net Debt ($m): -171
EV (Enterprise Value): -36
Price to Book: 0.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-03-20Seeking Alpha

So-Young International Inc. (SY) Q4 2023 Earnings Call Transcript

2023-08-21Seeking Alpha

So-Young International Inc. (SY) Q2 2023 Earnings Call Transcript

2023-07-13Seeking Alpha

So-Young International Stock: We're Skeptical Of This Beauty Growth Story

2023-05-22Seeking Alpha

So-Young International Inc. (SY) Q1 2023 Earnings Call Transcript

2023-05-02Seeking Alpha

So-Young International: Pay Attention To 2 Key Trends
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol SY SY SY SY SY SY SY
reportedCurrency CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-25 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
acceptedDate 2024-04-25 06:31:05 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-31 00:00:00 2022-12-30 19:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
revenue 391M 385M 412M 310M 325M 323M 309M
costOfRevenue 138M 143M 150M 114M 88M 94M 104M
grossProfit 253M 243M 262M 196M 237M 229M 205M
grossProfitRatio 0.648 0.630 0.635 0.633 0.729 0.709 0.662
researchAndDevelopmentExpenses 45M 51M 52M 56M 41M 52M 63M
generalAndAdministrativeExpenses 87M 50M 93M 62M 73M 60M 62M
sellingAndMarketingExpenses 126M 144M 137M 113M 98M 125M 0
sellingGeneralAndAdministrativeExpenses 213M 194M 230M 174M 172M 185M 184M
otherExpenses 0 10M 7M 2M 646 000 0 0
operatingExpenses 256M 245M 282M 230M 213M 237M 247M
costAndExpenses 394M 387M 433M 344M 301M 331M 351M
interestIncome 12M 12M 14M 12M 10M 10M 5M
interestExpense 0 0 0 -17M 10M 10M 5M
depreciationAndAmortization 12M -750 000 -2M -7M 15M 3M 0
ebitda 7M -3M -23M -41M 24M 77 000 -27M
ebitdaratio 0.018 -0.007 -0.055 -0.131 0.074 0.000 -0.087
operatingIncome -5M -2M -21M -33M 9M -3M -42M
operatingIncomeRatio -0.013 -0.005 -0.050 -0.108 0.029 -0.010 -0.136
totalOtherIncomeExpensesNet 13M 7M 5M 18M 20M -11M 9M
incomeBeforeTax 8M 17M -2M -15M 29M -15M -33M
incomeBeforeTaxRatio 0.021 0.044 -0.005 -0.050 0.090 -0.045 -0.106
incomeTaxExpense 11M -2M -785 000 -4M -2M -16M -55 000
netIncome 18M 18M -3M -11M 31M 2M -32M
netIncomeRatio 0.045 0.048 -0.006 -0.036 0.096 0.007 -0.104
eps 0.180 0.180 -0.026 -0.110 0.290 0.023 -0.300
epsdiluted 0.170 0.180 -0.026 -0.110 0.290 0.023 -0.300
weightedAverageShsOut 100M 100M 101M 104M 108M 108M 108M
weightedAverageShsOutDil 100M 100M 101M 104M 108M 108M 108M
link Link
finalLink Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol SY SY SY SY SY SY SY
reportedCurrency CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-25 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
acceptedDate 2024-04-25 06:31:05 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-31 00:00:00 2022-12-30 19:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 426M 439M 759M 816M 694M 714M 1 472M
shortTermInvestments 901M 951M 763M 648M 876M 909M 111M
cashAndShortTermInvestments 1 327M 1 389M 1 521M 1 464M 1 570M 1 622M 1 582M
netReceivables 80M 116M 95M 80M 84M 90M 85M
inventory 119M 115M 123M 119M 120M 105M 95M
otherCurrentAssets 196M 182M 153M 128M 127M 166M 144M
totalCurrentAssets 1 722M 1 818M 1 907M 1 807M 1 917M 1 983M 1 905M
propertyPlantEquipmentNet 235M 149M 163M 169M 179M 187M 203M
goodwill 541M 541M 541M 541M 541M 541M 541M
intangibleAssets 145M 151M 157M 163M 169M 176M 182M
goodwillAndIntangibleAssets 686M 692M 698M 704M 710M 716M 723M
longTermInvestments 261M 252M 252M 244M 228M 234M 251M
taxAssets 0 67M 64M 65M 65M 54M 48M
otherNonCurrentAssets 310M 154M 80M 106M 99M 143M 106M
totalNonCurrentAssets 1 493M 1 314M 1 257M 1 287M 1 281M 1 334M 1 330M
otherAssets 0 0 0 0 0 0 0
totalAssets 3 215M 3 132M 3 164M 3 094M 3 198M 3 317M 3 236M
accountPayables 0 0 0 0 0 0 0
shortTermDebt 30M 33M 45M 51M 50M 50M 52M
taxPayables 0 62M 60M 60M 75M 64M 52M
deferredRevenue 0 114M 107M 111M 110M 134M 127M
otherCurrentLiabilities 511M 412M 437M 356M 378M 503M 430M
totalCurrentLiabilities 540M 558M 589M 518M 538M 687M 661M
longTermDebt 86M 6M 7M 9M 21M 33M 43M
deferredRevenueNonCurrent 0 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 26M 28M 29M 31M 33M 35M
otherNonCurrentLiabilities 27M 1M 1M 2M 0 -118M 0
totalNonCurrentLiabilities 113M 32M 35M 40M 52M 66M 78M
otherLiabilities 0 0 0 0 0 0 0
capitalLeaseObligations 116M 39M 52M 60M 71M 83M 95M
totalLiabilities 653M 591M 624M 558M 590M 753M 740M
preferredStock 0 0 0 0 0 0 0
commonStock 275 000 274 000 274 000 273 000 273 000 269 000 269 000
retainedEarnings -296M -343M -361M -359M -347M -369M -372M
accumulatedOtherComprehensiveIncomeLoss 18M 60M 66M 19M 33M 45M -13M
othertotalStockholdersEquity 2 722M 2 708M 2 720M 2 758M 2 811M 2 818M 2 810M
totalStockholdersEquity 2 444M 2 426M 2 425M 2 418M 2 498M 2 494M 2 426M
totalEquity 2 561M 2 541M 2 540M 2 536M 2 498M 2 494M 2 426M
totalLiabilitiesAndStockholdersEquity 3 215M 3 132M 3 164M 3 094M 3 198M 3 317M 3 166M
minorityInterest 117M 115M 115M 118M 110M 70M 0
totalLiabilitiesAndTotalEquity 3 215M 3 132M 3 164M 3 094M 3 198M 3 317M 3 166M
totalInvestments 1 162M 1 203M 1 014M 892M 1 104M 1 143M 362M
totalDebt 116M 39M 52M 60M 71M 83M 95M
netDebt -310M -400M -707M -756M -623M -631M -1 377M
link Link
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Cash Flow Statement

Property 2023 q3 2023 q2 2020 q3 2020 q2
date 2023-09-30 2023-06-30 2020-09-30 2020-06-30
symbol SY SY SY SY
reportedCurrency USD USD CNY CNY
cik 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2020-09-30 2020-08-27
acceptedDate 2023-09-28 20:00:00 2023-06-28 20:00:00 2020-09-29 20:00:00 2020-08-27 07:48:54
calendarYear 2023.000 2023.000 2020.000 2020.000
period Q3 Q2 Q3 Q2
netIncome 3M -367 231 903 000 2M
depreciationAndAmortization 0 0 0 0
deferredIncomeTax 0 0 0 0
stockBasedCompensation 0 0 0 0
changeInWorkingCapital 0 0 0 0
accountsReceivables 0 0 0 0
inventory 0 0 0 0
accountsPayables 0 0 0 0
otherWorkingCapital 0 0 0 0
otherNonCashItems -3M 367 231 -903 000 -2M
netCashProvidedByOperatingActivities 0 0 0 0
investmentsInPropertyPlantAndEquipment 0 0 0 0
acquisitionsNet 0 0 0 0
purchasesOfInvestments 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0
otherInvestingActivites 0 0 0 0
netCashUsedForInvestingActivites 0 0 0 0
debtRepayment 0 0 0 0
commonStockIssued 0 0 0 0
commonStockRepurchased 0 0 0 0
dividendsPaid 0 0 0 0
otherFinancingActivites 0 0 0 0
netCashUsedProvidedByFinancingActivities 0 0 0 0
effectOfForexChangesOnCash 0 0 0 0
netChangeInCash -44M -15M 0 0
cashAtEndOfPeriod 62M 107M 0 0
cashAtBeginningOfPeriod 107M 121M 0 0
operatingCashFlow 0 0 0 0
capitalExpenditure 0 0 0 0
freeCashFlow 0 0 0 0
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Earning call transcript

2023 q4
2024-03-20 ET (fiscal 2023 q4)
2023 q3
2023-11-20 ET (fiscal 2023 q3)
2023 q2
2023-08-21 ET (fiscal 2023 q2)
2023 q1
2023-05-22 ET (fiscal 2023 q1)
2022 q4
2023-03-21 ET (fiscal 2022 q4)
2022 q3
2022-11-18 ET (fiscal 2022 q3)
2022 q2
2022-08-16 ET (fiscal 2022 q2)

Press-releases

Show financial reports only

2024-03-20 09:30 ET
So-Young Reports Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results
2024-03-14 10:00 ET
So-Young to Report Fourth Quarter and Full Year 2023 Financial Results on March 20, 2024
2024-01-08 11:00 ET
So-Young Announces Update on Repurchase and Cancellation of Shares
2024-01-05 11:00 ET
Grant of Restricted Share Units to Mr. Xing Jin
2023-12-01 10:00 ET
So-Young Enters into Strategic Partnership with Healtech to Further Expand Supply Chain Business
2023-11-20 10:30 ET
So-Young Reports Unaudited Third Quarter 2023 Financial Results
2023-11-13 11:30 ET
So-Young's Subsidiary Wuhan Miracle Submits Application Documents for Initial Public Offering on China's Beijing Stock Exchange
2023-11-10 10:00 ET
So-Young to Report Third Quarter 2023 Financial Results on November 20, 2023
2023-10-12 10:00 ET
So-Young Announces Board Change
2023-08-21 09:30 ET
So-Young Reports Unaudited Second Quarter 2023 Financial Results
2023-08-15 10:00 ET
So-Young to Report Second Quarter 2023 Financial Results on August 21, 2023
2023-05-22 09:00 ET
So-Young Reports Unaudited First Quarter 2023 Financial Results
2023-05-15 20:30 ET
So-Young to Report First Quarter 2023 Financial Results on May 22, 2023
2023-04-25 11:30 ET
So-Young International Inc. Files Its Annual Report on Form 20-F
2023-03-21 09:00 ET
So-Young Reports Unaudited Fourth Quarter and Fiscal Year 2022 Financial Results
2023-03-14 09:30 ET
So-Young to Report Fourth Quarter and Full Year 2022 Financial Results on March 21, 2023
2023-01-05 10:30 ET
So-Young Regains Compliance with Nasdaq Minimum Bid Price Requirement
2023-01-03 10:30 ET
So-Young Announces Upsizing of Share Repurchase Program to US$25 million
2022-11-18 10:00 ET
So-Young Reports Unaudited Third Quarter 2022 Financial Results
2022-11-11 10:11 ET
So-Young to Report Third Quarter 2022 Financial Results on November 18, 2022
2022-10-21 10:00 ET
So-Young Announces Receipt of Withdrawal of Buyer Group’s Going Private Proposal
2022-08-16 09:30 ET
So-Young Reports Unaudited Second Quarter 2022 Financial Results
2022-08-09 10:00 ET
So-Young to Report Second Quarter 2022 Financial Results on August 16, 2022
2022-07-18 09:30 ET
So-Young Announces Receipt of Minimum Bid Price Notice from Nasdaq
2022-05-23 09:30 ET
So-Young Reports Unaudited First Quarter 2022 Financial Results
2022-05-16 10:30 ET
So-Young to Report First Quarter 2022 Financial Results on May 23, 2022
2022-05-10 11:30 ET
So-Young Provides Update on Status under Holding Foreign Companies Accountable Act
2022-05-06 09:21 ET
So-Young International Inc. Files Its Annual Report on Form 20-F
2022-03-25 08:30 ET
So-Young Reports Unaudited Fourth Quarter and Fiscal Year 2021 Financial Results
2022-03-18 09:00 ET
So-Young to Report Fourth Quarter and Full Year 2021 Financial Results on March 25, 2022
2021-12-03 10:00 ET
So-Young Announces Engagement of Legal and Financial Advisors to the Special Committee
2021-11-22 12:26 ET
So-Young Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company
2021-11-19 10:30 ET
So-Young Reports Unaudited Third Quarter Financial Results
2021-11-11 10:00 ET
So-Young to Report Third Quarter 2021 Financial Results on November 19, 2021
2021-09-10 09:30 ET
So-Young Reports Unaudited Second Quarter Financial Results
2021-08-30 10:00 ET
So-Young to Report Second Quarter 2021 Financial Results on September 10, 2021
2021-06-28 10:31 ET
So-Young International Inc. to Acquire Controlling Interest in Wuhan Miracle Laser Systems, Inc.
2021-05-19 10:07 ET
So-Young Reports Unaudited First Quarter Financial Results
2021-05-10 10:30 ET
So-Young to Report First Quarter 2021 Financial Results on May 19, 2021
2021-05-07 11:22 ET
So-Young International Inc. Refutes Blue Orca Capital’s Report and Announces US$70 Million Share Repurchase Program
2021-04-30 11:26 ET
So-Young International Inc. Files Its Annual Report on Form 20-F
2021-03-22 09:10 ET
So-Young Reports Unaudited Fourth Quarter and Fiscal Year 2020 Financial Results
2021-03-12 10:30 ET
So-Young to Report Fourth Quarter and Full Year 2020 Financial Results on March 22, 2021
2020-11-25 10:30 ET
So-Young Reports Third Quarter 2020 Unaudited Financial Results
2020-11-16 10:00 ET
So-Young to Report Third Quarter 2020 Financial Results on November 25, 2020
2020-08-27 09:00 ET
So-Young Reports Second Quarter 2020 Unaudited Financial Results
2020-08-18 10:00 ET
So-Young to Report Second Quarter 2020 Financial Results on August 27, 2020
2020-05-18 10:07 ET
So-Young Reports First Quarter 2020 Unaudited Financial Results
2020-05-11 09:00 ET
So-Young to Report First Quarter 2020 Financial Results on May 18, 2020
2020-05-01 12:00 ET
So-Young International Inc. Announces Changes to Board Composition
2020-04-27 11:08 ET
So-Young International Inc. Files Its Annual Report on Form 20-F
2020-03-23 09:38 ET
So-Young Reports Fourth Quarter 2019 Unaudited Financial Results

SEC forms

Show financial reports only

SEC form 6
2024-03-20 07:39 ET
So-Young International published news for 2023 q4
SEC form 6
2024-03-20 07:39 ET
So-Young International reported for 2023 q4
SEC form 6
2024-01-05 06:32 ET
So-Young International published news for 2023 q4
SEC form 6
2024-01-05 06:32 ET
So-Young International published news for 2023 q4
SEC form 6
2024-01-05 06:29 ET
So-Young International published news for 2023 q4
SEC form 6
2023-11-20 07:21 ET
So-Young International reported for 2023 q3
SEC form 6
2023-11-14 06:02 ET
So-Young International published news for 2023 q3
SEC form 6
2023-10-12 06:29 ET
So-Young International published news for 2023 q3
SEC form 6
2023-08-21 08:52 ET
So-Young International reported for 2023 q2
SEC form 6
2023-05-22 07:33 ET
So-Young International reported for 2023 q1
SEC form 6
2023-05-16 06:30 ET
So-Young International published news for 2023 q1
SEC form 6
2023-05-08 06:30 ET
So-Young International published news for 2023 q1
SEC form 6
2023-04-25 07:10 ET
So-Young International published news for 2023 q1
SEC form 6
2023-04-25 06:46 ET
So-Young International published news for 2023 q1
SEC form 6
2023-03-21 07:26 ET
So-Young International published news for 2022 q4
SEC form 6
2023-02-03 16:01 ET
So-Young International published news for 2022 q4
SEC form 6
2023-01-05 06:09 ET
So-Young International published news for 2022 q4
SEC form 6
2023-01-03 06:40 ET
So-Young International published news for 2022 q4
SEC form 6
2022-11-18 07:09 ET
So-Young International published news for 2022 q3
SEC form 6
2022-10-21 07:14 ET
So-Young International published news for 2022 q3
SEC form 6
2022-09-30 16:01 ET
So-Young International published news for 2022 q2
SEC form 6
2022-09-15 07:40 ET
So-Young International published news for 2022 q2
SEC form 6
2022-08-16 16:01 ET
So-Young International published news for 2022 q2
SEC form 6
2022-07-18 06:01 ET
So-Young International published news for 2022 q2
SEC form 6
2022-05-23 07:13 ET
So-Young International published news for 2022 q1
SEC form 6
2022-05-10 08:10 ET
So-Young International published news for 2022 q1
SEC form 6
2022-05-02 06:18 ET
So-Young International published news for 2022 q1
SEC form 6
2022-03-25 07:35 ET
So-Young International published news for 2021 q4
SEC form 6
2021-12-03 06:01 ET
So-Young International published news for 2021 q3
SEC form 6
2021-11-22 07:53 ET
So-Young International published news for 2021 q3
SEC form 6
2021-11-19 06:03 ET
So-Young International published news for 2021 q3
SEC form 6
2021-09-10 07:35 ET
So-Young International published news for 2021 q2
SEC form 6
2021-06-28 07:47 ET
So-Young International published news for 2021 q1
SEC form 6
2021-05-19 08:41 ET
So-Young International published news for 2021 q1
SEC form 6
2021-05-07 08:03 ET
So-Young International published news for 2021 q1
SEC form 6
2021-04-30 06:17 ET
So-Young International published news for 2021 q1
SEC form 6
2021-03-22 08:34 ET
So-Young International published news for 2020 q4
SEC form 6
2020-11-25 06:12 ET
So-Young International published news for 2020 q3