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S.F. Holding Co., Ltd. 002352.SZ

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S.F. Holding Co., Ltd. statistics & valuation

Market capCN¥172.4B
P / E15.5×
P / S0.6×
P / B1.7×
P / FCF9.6×
Net margin3.6%
FCF margin5.9%
Net debtCN¥24.9B
Enterprise value USD$27.0B
Earnings yield EBIT/EV7.8%
Return on capital10.7%
Graham number -1.8%CN¥32.15

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥32.15); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.30% 3.20% 3.60% 3.60% 2022202320242025
Gross margin (%)
12.50% 12.80% 13.90% 13.30% 2022202320242025
Operating margin (%)
4.70% 4.50% 5.40% 5.00% 2022202320242025
Return on equity (%)
7.20% 8.90% 11.10% 11.20% 2022202320242025
Shares outstanding
4.80B 4.80B 4.80B 4.80B 2022202320242025
Net debt (CN¥)
CN¥17.93B CN¥23.92B CN¥22.12B CN¥24.91B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
2.80% 3.70% 4.80% 5.10% 2022202320242025
Free cash flow margin (%)
6.90% 5.50% 8.00% 5.90% 2022202320242025
Debt / equity (×)
0.68× 0.71× 0.61× 0.46× 2022202320242025
EPS (CN¥)
CN¥1.27 CN¥1.70 CN¥2.11 CN¥2.22 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

S.F. Holding Co., Ltd. trades at about 14.7× earnings — below its 10-year norm (10-year range 16.9×–46.2×, median 20.7×).

14.7× 46.2×

Shaded band = 10-year range (16.9×–46.2×); dot = today's 14.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin13.3%13.9%12.8%12.5%
Operating margin5.0%5.4%4.5%4.7%
Net margin3.6%3.6%3.2%2.3%
FCF margin5.9%8.0%5.5%6.9%
Return on assets5.1%4.8%3.7%2.8%
Return on equity11.2%11.1%8.9%7.2%
Debt / equity0.18×0.28×0.32×0.31×
Current ratio1.251.231.231.17

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.