SY Valuation

So-Young International Inc

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3.630

-0.13(-3.457%)1D

SY Relative Valuation

SY's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, SY is overvalued; if below, it's undervalued.

Historical Valuation

So-Young International Inc (SY) is now in the Fair zone, suggesting that its current forward PS ratio of 26.75 is considered Fairly compared with the five-year average of -3.50. The fair price of So-Young International Inc (SY) is between to according to relative valuation methord.

Relative Value

Fair Zone

Current Price：3.52

Fair

-172.46

Trailing

Forward

-161.60

EV/EBITDA

So-Young International Inc. (SY) has a current EV/EBITDA of -161.60. The 5-year average EV/EBITDA is -6.92. The thresholds are as follows: Strongly Undervalued below -146.82, Undervalued between -146.82 and -76.87, Fairly Valued between 63.03 and -76.87, Overvalued between 63.03 and 132.97, and Strongly Overvalued above 132.97. The current Forward EV/EBITDA of -161.60 falls within the Strongly Undervalued range.

-50.57

EV/EBIT

So-Young International Inc. (SY) has a current EV/EBIT of -50.57. The 5-year average EV/EBIT is -16.16. The thresholds are as follows: Strongly Undervalued below -113.82, Undervalued between -113.82 and -64.99, Fairly Valued between 32.68 and -64.99, Overvalued between 32.68 and 81.51, and Strongly Overvalued above 81.51. The current Forward EV/EBIT of -50.57 falls within the Historic Trend Line -Fairly Valued range.

26.75

So-Young International Inc. (SY) has a current PS of 26.75. The 5-year average PS is 1.50. The thresholds are as follows: Strongly Undervalued below -4.09, Undervalued between -4.09 and -1.29, Fairly Valued between 4.30 and -1.29, Overvalued between 4.30 and 7.09, and Strongly Overvalued above 7.09. The current Forward PS of 26.75 falls within the Strongly Overvalued range.

37.16

P/OCF

So-Young International Inc. (SY) has a current P/OCF of 37.16. The 5-year average P/OCF is 9.79. The thresholds are as follows: Strongly Undervalued below -21.62, Undervalued between -21.62 and -5.92, Fairly Valued between 25.49 and -5.92, Overvalued between 25.49 and 41.20, and Strongly Overvalued above 41.20. The current Forward P/OCF of 37.16 falls within the Overvalued range.

29.68

P/FCF

So-Young International Inc. (SY) has a current P/FCF of 29.68. The 5-year average P/FCF is 6.88. The thresholds are as follows: Strongly Undervalued below -17.22, Undervalued between -17.22 and -5.17, Fairly Valued between 18.93 and -5.17, Overvalued between 18.93 and 30.98, and Strongly Overvalued above 30.98. The current Forward P/FCF of 29.68 falls within the Overvalued range.

So-Young International Inc (SY) has a current Price-to-Book (P/B) ratio of 1.53. Compared to its 3-year average P/B ratio of 0.55 , the current P/B ratio is approximately 177.69% higher. Relative to its 5-year average P/B ratio of 0.92, the current P/B ratio is about 65.39% higher. So-Young International Inc (SY) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -1.17%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -0.48% , the current FCF yield is about -100.00% lower.

1.53

P/B

Median3y

0.55

Median5y

0.92

0.00

FCF Yield

Median3y

-1.17

Median5y

-0.48

Competitors Valuation Multiple

The average P/S ratio for SY's competitors is 18.83, providing a benchmark for relative valuation. So-Young International Inc Corp (SY) exhibits a P/S ratio of 26.75, which is 42.07% above the industry average. Given its robust revenue growth of -7.03%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

SY.O

So-Young International Inc

Performance Decomposition

Market capitalization of SY increased by 337.35% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -0.57 to -4.17.

The secondary factor is the Revenue Growth, contributed -7.03%to the performance.

Overall, the performance of SY in the past 1 year is driven by P/E Change. Which is more unsustainable.

-7.03%

407.38M → 378.75M

Revenue Growth

-286.03%

4.94 → -9.19

Margin Expansion

630.41%

-0.57 → -4.17

P/E Change

337.35%