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Yatsen Holding (YSG)
NYSE:YSG
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Yatsen Holding
(NYSE:YSG)
55Neutral
Yatsen Holding (YSG) vs. S&P 500 (SPY)
Market Cap
$538.53M
Dividend YieldN/A
Average Volume (3M)220.11K
Price to Earnings (P/E)―
Beta (1Y)-0.07
Revenue Growth-2.11%
EPS Growth-1.39%
CountryUS
Employees1,505
SectorConsumer Cyclical
Sector Strength52
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.97
Shares Outstanding74,377,304
10 Day Avg. Volume391,857
30 Day Avg. Volume220,108
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.91
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Yatsen Holding Business Overview & Revenue Model
Company DescriptionYatsen Holding Limited (YSG) is a leading Chinese beauty company, primarily engaged in the design, development, and sale of cosmetics and skincare products. Headquartered in Guangzhou, China, Yatsen operates multiple brands including Perfect Diary, Little Ondine, and Abby's Choice, targeting diverse consumer preferences. The company leverages both online and offline channels to reach its customers, utilizing e-commerce platforms and physical retail stores to enhance its market presence.
How the Company Makes MoneyYatsen Holding generates revenue primarily through the sale of its beauty and skincare products. The company employs a multi-brand strategy, offering a wide range of products that cater to different consumer segments and preferences. Key revenue streams include direct-to-consumer sales through their own online platforms, third-party e-commerce sites, and physical retail locations. Yatsen also focuses on brand collaborations and utilizes significant marketing efforts through social media platforms to enhance brand awareness and drive sales. Strategic partnerships with influencers and celebrities play a crucial role in promoting their products and expanding their market reach.
Yatsen Holding Financial Statement Overview
Summary
Yatsen Holding is experiencing financial difficulties with declining revenue and profitability. Negative margins and cash flow issues are significant concerns despite a strong equity position. Strategic improvements are necessary for financial sustainability.Income Statement
Yatsen Holding's revenue has been on a declining trend with a significant decrease from 2021 to 2024. The company is facing difficulties in profitability as evidenced by consistent negative net profit and EBIT margins. The TTM data shows a net profit margin of -20.9% and an EBIT margin of -24.3%, indicating operational challenges.40
Negative
Balance Sheet
The company maintains a strong equity position relative to its debt, with a low debt-to-equity ratio of 0.05 for TTM. However, the equity ratio has slightly decreased, indicating a reduction in asset base leverage. Return on equity remains negative, reflecting ongoing profitability issues.55
Neutral
Cash Flow
Yatsen Holding's cash flow situation is concerning, with zero operating and free cash flow in the TTM period. Historically, the company has struggled to generate positive free cash flow, raising concerns about cash sustainability and operational efficiency.35
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.39B | 3.41B | 3.71B | 5.84B | 5.23B | Gross Profit |
| 2.62B | 2.51B | 2.52B | 3.90B | 3.36B | EBIT |
| -824.89M | -913.36M | -928.90M | -1.62B | -2.68B | EBITDA |
| -307.06M | -355.91M | -589.63M | -1.20B | -2.42B | Net Income Common Stockholders |
| -708.17M | -747.76M | -821.33M | -1.55B | -2.69B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.36B | 2.10B | 2.59B | 3.14B | 5.73B | Total Assets |
| 3.97B | 5.01B | 5.86B | 7.27B | 8.31B | Total Debt |
| 148.94M | 113.23M | 132.58M | 421.15M | 527.21M | Net Debt |
| -668.46M | -723.66M | -1.38B | -2.72B | -5.20B | Total Liabilities |
| 867.85M | 821.24M | 800.13M | 1.26B | 1.44B | Stockholders Equity |
| 3.06B | 4.14B | 4.72B | 5.66B | 6.85B |
| Cash Flow | Free Cash Flow | |||
| 0.00 | -151.41M | 76.88M | -1.19B | -1.37B | Operating Cash Flow |
| 0.00 | -107.44M | 136.21M | -1.02B | -983.37M | Investing Cash Flow |
| 0.00 | -260.49M | -1.16B | -1.48B | -508.83M | Financing Cash Flow |
| 0.00 | -342.45M | -654.45M | -1.71M | 6.68B |
Yatsen Holding Technical Analysis
Neutral
4.81
Price Trends
4.07
Positive
4.14
Positive
3.79
Positive
Market Momentum
0.29
Positive
49.82
Neutral
22.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YSG, the sentiment is Neutral. The current price of 4.81 is below the 20-day moving average (MA) of 4.91, above the 50-day MA of 4.07, and above the 200-day MA of 3.79, indicating a neutral trend. The MACD of 0.29 indicates Positive momentum. The RSI at 49.82 is Neutral, neither overbought nor oversold. The STOCH value of 22.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for YSG.
Yatsen Holding Risk Analysis
Yatsen Holding disclosed 109 risk factors in its most recent earnings report. Yatsen Holding reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Yatsen Holding Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $197.11B | 28.55 | 20.87% | 1.36% | 5.65% | 3.79% | |
77 Outperform | $16.61B | 14.45 | 50.39% | ― | 0.79% | -2.70% | |
59 Neutral | $12.17B | 11.04 | -1.10% | 3.77% | 1.26% | -19.70% | |
57 Neutral | $359.00M | ― | -19.90% | 3.31% | -12.04% | -1796.38% | |
57 Neutral | $4.77B | 40.12 | 0.33% | ― | 1.35% | -99.94% | |
55 Neutral | $538.53M | ― | -19.66% | ― | -2.11% | -1.39% | |
50 Neutral | $23.53B | 147.29 | -14.17% | 3.06% | 0.07% | -249.21% |
* Consumer Cyclical Sector Average
Performance Comparison
YSG
Yatsen Holding
4.71
2.14
83.27%
EL
The Estée Lauder Companies
67.87
-81.53
-54.57%
NUS
Nu Skin
7.22
-5.57
-43.55%
ULTA
Ulta Beauty
373.91
-145.77
-28.05%
LRLCY
L'Oreal
76.34
-15.47
-16.85%
COTY
Coty
5.52
-6.10
-52.50%
Yatsen Holding Earnings Call Summary
Earnings Call Date: Feb 25, 2025 | % Change Since: 16.18% | Next Earnings Date: May 14, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong growth in specific segments and improved profitability, particularly in the fourth quarter, driven by strategic product launches and cost efficiency. However, full-year revenues were slightly down, and there were significant goodwill impairments impacting financial health.Highlights
Fourth Quarter Revenue Growth
Total net revenues for the fourth quarter of 2024 increased by 7.1% to RMB 1.15 billion, driven by a 16.4% increase in color cosmetics brands.
Improved Profit Margins
Gross margin for the fourth quarter of 2024 increased to 77.8% from 73.7% in the prior year, and the net loss margin improved to 33% from 46.1%.
Skincare Segment Achievements
Revenues from skincare brands accounted for 41.1% of full-year total net revenues, with Galénic receiving industry awards and maintaining a strong market position.
Innovative Product Launches
Perfect Diary's BioLip Essence Lipstick achieved leading sales positions, and R&D initiatives led to significant scientific contributions.
Cost Efficiency Measures
Total operating expenses for Q4 decreased by 3.5%, and strategic marketing spending improved profitability.
Lowlights
Overall Revenue Decline for Full-Year
Total net revenues for the full-year 2024 decreased by 0.6%, primarily due to a decline in color cosmetics brands.
Goodwill Impairment
Impairment of goodwill for Q4 2024 was RMB 503.1 million, up from RMB 354 million in the prior year period, due to weaker operating results.
Decrease in Cash Reserves
Cash-restricted cash and short-term investments decreased to RMB 1.36 billion as of December 31, 2024, from RMB 2.08 billion a year prior.
Company Guidance
During Yatsen's fourth quarter and full-year 2024 earnings call, the company reported a 7.1% year-over-year increase in net revenues for the fourth quarter, reaching RMB 1.15 billion, driven primarily by a 16.4% rise in color cosmetics revenues. For the full year, total net revenues slightly declined by 0.6% to RMB 3.39 billion, though skincare revenues grew by 0.7%, with clinical and premium skincare brands achieving a 5.4% increase. The gross margin for the fourth quarter improved to 77.8%, up from 73.7% the previous year, while the net loss margin decreased to 33% from 46.1%. On a non-GAAP basis, Yatsen achieved a net income margin of 9.3% in the fourth quarter, compared to a non-GAAP net loss margin of 8.7% in the prior year. For the full year, the gross margin rose to 77.1%, and the net loss margin decreased to 20.9% from 22%. The company projected first-quarter 2025 revenues to range between RMB 788.8 million and RMB 866.2 million, marking an anticipated year-over-year increase of 2% to 12%.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.