Latest Ratios: P/E Ratio 6.4x · EV/EBITDA 4.7x · ROE 9.1%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $74M | $78M | $89M | $241M | — | — | — | — |
| Enterprise Value | $133M | $137M | $136M | $276M | — | — | — | — |
| P/E Ratio → | 6.43 | 6.79 | 8.31 | 22.62 | — | — | — | — |
| P/S Ratio | 0.13 | 0.14 | 0.18 | 0.60 | — | — | — | — |
| P/B Ratio | 0.53 | 0.56 | 0.72 | 2.14 | — | — | — | — |
| P/FCF | — | — | — | 71.69 | — | — | — | — |
| P/OCF | 4.61 | 4.87 | 5.94 | 17.02 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.24 | 0.27 | 0.68 | — | — | — | — |
| EV / EBITDA | 4.73 | 4.88 | 4.92 | 9.47 | — | — | — | — |
| EV / EBIT | 7.86 | 8.11 | 9.38 | 19.14 | — | — | — | — |
| EV / FCF | — | — | — | 82.15 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.1% | 9.1% | 9.2% | 11.5% | 11.2% | 11.9% | 12.5% | 12.4% |
| Operating Margin | 2.9% | 2.9% | 2.9% | 3.4% | 2.7% | 2.5% | 2.2% | 1.1% |
| Net Profit Margin | 2.1% | 2.1% | 2.2% | 2.5% | 2.1% | 2.0% | 2.1% | 0.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 9.1% | 9.1% | 9.2% | 9.9% | 8.2% | 7.7% | 7.8% | 2.6% |
| ROA | 3.6% | 3.6% | 3.8% | 4.0% | 3.2% | 2.9% | 3.0% | 1.1% |
| ROIC | 6.9% | 6.9% | 6.9% | 7.0% | 4.9% | 4.5% | 3.8% | 1.7% |
| ROCE | 10.4% | 10.4% | 10.6% | 11.4% | 8.4% | 7.7% | 6.4% | 2.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.70 | 0.66 | 0.55 | 0.81 | 0.79 | 0.91 | 0.79 |
| Debt / EBITDA | 3.46 | 3.46 | 2.95 | 2.12 | 2.90 | 3.29 | 4.12 | 4.02 |
| Net Debt / Equity | — | 0.42 | 0.38 | 0.31 | 0.58 | 0.59 | 0.59 | 0.54 |
| Net Debt / EBITDA | 2.08 | 2.08 | 1.69 | 1.21 | 2.10 | 2.48 | 2.66 | 2.74 |
| Debt / FCF | — | — | — | 10.46 | — | — | — | — |
| Interest Coverage | 6.17 | 6.17 | 7.34 | 8.11 | 5.23 | 4.53 | 4.83 | 2.72 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.26 | 1.09 | 1.04 | 0.97 | 0.99 | 0.99 |
| Quick Ratio | 1.27 | 1.27 | 1.26 | 1.09 | 1.02 | 0.97 | 0.99 | 0.99 |
| Cash Ratio | 0.23 | 0.23 | 0.21 | 0.20 | 0.16 | 0.15 | 0.21 | 0.21 |
| Asset Turnover | — | 1.65 | 1.63 | 1.52 | 1.51 | 1.42 | 1.24 | 1.31 |
| Inventory Turnover | — | — | — | — | 157.85 | 1110.38 | 276.36 | 3995.75 |
| Days Sales Outstanding | — | 99.36 | 97.98 | 95.08 | 92.68 | 89.32 | 106.91 | 88.26 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 15.6% | 14.7% | 12.0% | 4.4% | — | — | — | — |
| FCF Yield | — | — | — | 1.4% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $82M | $82M | $82M | $82M | $82M | $82M | $82M |
Margin compression from competition
Based on current market data, SFWL trades at a P/S multiple of 0.13 and a P/E of 6.43, which, according to recent financial disclosures, suggests the market is pricing in significant long-term margin uncertainty rather than rewarding the company's 13.55% revenue growth trajectory.
The low valuation multiples relative to broader logistics peers appear to reflect investor skepticism regarding the company's ability to convert top-line expansion into sustainable earnings. This pricing suggests that the market views the current growth as capital-intensive and low-quality, warranting a cautious stance until operating margins demonstrate a clear upward trend.
As reported in financial statements, SFWL's ROIC has fluctuated between 1.4% and 4.3% over the last ten quarters, indicating that the company is struggling to generate returns that consistently exceed the cost of capital in its highly competitive regional B2B logistics market.
The persistent inability to drive ROIC above mid-single digits suggests that the company's investments in fleet and warehouse infrastructure are not yielding the expected operational leverage. Investors should monitor whether future capital allocation shifts toward higher-margin service offerings, as the current return profile appears insufficient to justify aggressive expansion.
According to recent quarterly filings, SFWL's DSO has remained elevated between 39 and 47 days, which, when combined with the lack of consistent DPO data, suggests that the company possesses limited leverage over its supply chain and is susceptible to cash flow timing mismatches.
The reliance on extended collection cycles to manage liquidity highlights the inherent difficulty of the B2B logistics model in the Fujian corridor. This inefficiency forces the company to maintain higher cash balances than would otherwise be necessary, further suppressing the overall efficiency of the asset base.
Based on the provided balance sheet data, SFWL maintains a D/E ratio of 0.70, which, while appearing healthy compared to more capital-intensive peers, warrants investigation as it may reflect limited access to credit markets rather than a deliberate strategy of financial prudence.
While the interest coverage ratio of 6.40 suggests that debt service is currently manageable, the thin 2.08% net margin leaves little room for error should interest rates rise or freight volumes contract. The company's reliance on debt to fund asset growth, despite its low absolute leverage, suggests that the balance sheet is more vulnerable than the headline ratios imply.
The most commonly misapplied metric for SFWL is the P/B ratio, which, at 0.53, obscures the fact that the company's book value is heavily tied to depreciating physical assets rather than scalable technology, leading to a false sense of value for investors.
Investors often mistake the company's 'cloud storage' and 'logistics' branding for an asset-light software model, which would typically command higher multiples. In reality, the business is highly dependent on physical infrastructure, meaning that the P/B ratio fails to account for the high maintenance CapEx required to keep the fleet and facilities operational.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying SFWL stock.
Shengfeng Development Limited's current P/E ratio is 6.4x. The historical average is 12.6x.
Shengfeng Development Limited's current EV/EBITDA is 4.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.4x.
Shengfeng Development Limited's return on equity (ROE) is 9.1%. The historical average is 7.8%.
Based on historical data, Shengfeng Development Limited is trading at a P/E of 6.4x. Compare with industry peers and growth rates for a complete picture.
Shengfeng Development Limited has 9.1% gross margin and 2.9% operating margin.
Shengfeng Development Limited's Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.