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S.F. Holding Co Ltd
SZSE:002352

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S.F. Holding Co Ltd
SZSE:002352
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Price: 36.7 CNY -0.27% Market Closed
Market Cap: ¥176.1B

EV/EBIT

12.2
Current
20%
Cheaper
vs 3-y average of 15.3

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
12.2
=
Enterprise Value
¥186.6B
/
EBIT
¥14.9B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
12.2
=
Enterprise Value
¥186.6B
/
EBIT
¥14.9B

Valuation Scenarios

S.F. Holding Co Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (15.3), the stock would be worth ¥45.92 (25% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+136%
Average Upside
67%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 12.2 ¥36.7
0%
3-Year Average 15.3 ¥45.92
+25%
5-Year Average 18 ¥53.96
+47%
Industry Average 19.7 ¥58.99
+61%
Country Average 28.9 ¥86.73
+136%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
¥186.6B
/
Jan 2026
¥14.9B
=
12.2
Current
¥186.6B
/
Dec 2026
¥17.2B
=
10.9
Forward
¥186.6B
/
Dec 2027
¥19.5B
=
9.6
Forward
¥186.6B
/
Dec 2028
¥19.2B
=
9.7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CN
S.F. Holding Co Ltd
SZSE:002352
183.5B CNY 12.2 16.5
US
FedEx Corp
NYSE:FDX
93.9B USD 16.8 20.8
US
United Parcel Service Inc
NYSE:UPS
91.4B USD 13.8 16.4
DE
Deutsche Post AG
XETRA:DPW
53.3B EUR 8 9.9
DK
DSV A/S
CSE:DSV
398.7B DKK 24.3 49.1
US
CH Robinson Worldwide Inc
NASDAQ:CHRW
21.8B USD 27.2 37
CN
ZTO Express (Cayman) Inc
HKEX:2057
158.6B HKD 11.6 15.5
US
Expeditors International of Washington Inc
NYSE:EXPD
20B USD 17.5 24.6
CN
JD Logistics Inc
HKEX:2618
102.5B HKD 10.7 13.6
KR
Hyundai Glovis Co Ltd
KRX:086280
17.3T KRW 7.7 9.9
CN
J&T Global Express Ltd
F:J92
9.8B EUR 23.7 57.1

Market Distribution

Lower than 80% of companies in China
Percentile
20th
Based on 5 337 companies
20th percentile
12.2
Low
0 — 16.6
Typical Range
16.6 — 52.9
High
52.9 —
Distribution Statistics
China
Min 0
30th Percentile 16.6
Median 28.9
70th Percentile 52.9
Max 49 021

S.F. Holding Co Ltd
Glance View

In the sprawling landscape of China's logistics industry, S.F. Holding Co., Ltd. emerges as a formidable entity, weaving an intricate network that spans the length and breadth of the nation. Founded by Wang Wei in 1993, S.F. Holding carved its niche by capitalizing on the demand for reliable express delivery in a rapidly urbanizing China. The company operates a vast infrastructure that includes sorting centers, a fleet of trucks, a burgeoning air freight division, and an innovative use of technology. This allows S.F. Holding to deliver parcels with remarkable speed and efficiency, catering to individuals and corporates alike. The company has embraced digitalization by integrating advanced data analytics, automation, and artificial intelligence to fine-tune its operations and optimize delivery routes, making it a logistics powerhouse. S.F. Holding's revenue model is anchored in its core express delivery services but also branches out into supply chain solutions, heavy freight, and cold chain logistics. It serves a diverse clientele, ranging from e-commerce giants to traditional enterprises, thus ensuring a stable revenue stream. By offering tailored logistics solutions, the company has positioned itself as more than just a delivery service, focusing on creating end-to-end value in supply chain management. This diversification is pivotal in bolstering its financial health and mitigating risks associated with the singular dependency on parcel delivery. Coupled with strategic investments in technology and expansion into global markets, S.F. Holding continues to leverage its operational expertise, striving to redefine logistics efficiency on an international scale.

Intrinsic Value
56.98 CNY
Undervaluation 36%
Intrinsic Value
Price ¥36.7
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