7 years of historical data (2018–2024) · Consumer Cyclical · Specialty Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Yatsen Holding Limited currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $403M | $402M | $820M | $1.4B | $10.7B | — | — |
| Enterprise Value | $2.6B | $-265470644 | $-321822262 | $-560300323 | $-1358689263 | $5.5B | — | — |
| P/E Ratio → | -4.36 | — | — | — | — | — | — | — |
| P/S Ratio | 5.33 | 0.12 | 0.12 | 0.22 | 0.24 | 2.17 | — | — |
| P/B Ratio | 1.00 | 0.13 | 0.10 | 0.16 | 0.23 | 1.56 | — | — |
| P/FCF | — | — | — | 10.67 | — | — | — | — |
| P/OCF | — | — | — | 6.02 | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.08 | -0.09 | -0.15 | -0.24 | 1.12 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | -7.29 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Yatsen Holding Limited earns an operating margin of -12.4%, below the Consumer Cyclical sector average of 2.4%. Operating margins have expanded from -25.1% to -12.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -19.7% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.1% | 77.1% | 73.6% | 68.0% | 66.8% | 64.3% | 63.6% | 63.5% |
| Operating Margin | -12.4% | -12.4% | -16.4% | -25.1% | -27.8% | -51.3% | 4.7% | -5.2% |
| Net Profit Margin | -20.9% | -20.9% | -21.8% | -22.0% | -26.4% | -51.4% | 2.5% | -6.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| ROE | -19.7% | -19.7% | -16.1% | -15.0% | -23.6% | -64.0% | 12.5% | -32.2% |
| ROA | -16.0% | -16.0% | -13.7% | -12.6% | -19.5% | -49.3% | 6.4% | -12.7% |
| ROIC | -10.9% | -10.9% | -11.7% | -20.3% | -48.5% | -163.5% | 27.2% | -20.4% |
| ROCE | -11.1% | -11.1% | -11.6% | -16.2% | -23.6% | -60.2% | 20.7% | -24.6% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $817M exceeds total debt of $149M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.03 | 0.03 | 0.07 | 0.08 | 0.25 | 0.18 |
| Debt / EBITDA | — | — | — | — | — | — | 1.26 | — |
| Net Debt / Equity | — | -0.22 | -0.17 | -0.27 | -0.45 | -0.76 | -0.38 | -0.02 |
| Net Debt / EBITDA | — | — | — | — | — | — | -1.95 | — |
| Debt / FCF | — | — | — | -17.95 | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | -161.75 |
Net cash position: cash ($817M) exceeds total debt ($149M)
Short-term solvency ratios and asset-utilisation metrics
Yatsen Holding Limited's current ratio of 3.67x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.06x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 5.96x to 3.67x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.67 | 3.67 | 4.83 | 5.96 | 5.19 | 6.27 | 2.06 | 1.54 |
| Quick Ratio | 3.06 | 3.06 | 4.25 | 5.24 | 4.40 | 5.72 | 1.40 | 1.07 |
| Cash Ratio | 2.12 | 2.12 | 3.36 | 4.39 | 3.65 | 5.07 | 0.90 | 0.13 |
| Asset Turnover | — | 0.87 | 0.68 | 0.64 | 0.79 | 0.60 | 1.50 | 2.01 |
| Inventory Turnover | 2.04 | 2.04 | 2.56 | 2.85 | 2.75 | 2.86 | 2.18 | 2.76 |
| Days Sales Outstanding | — | 34.67 | 21.56 | 19.98 | 22.54 | 30.93 | 32.03 | 35.80 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Yatsen Holding Limited returns 2.2% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 9.4% | — | — | — | — |
| Buyback Yield | 2.2% | 100.0% | 52.9% | 79.8% | 1.1% | 4.6% | — | — |
| Total Shareholder Yield | 2.2% | 100.0% | 52.9% | 79.8% | 1.1% | 4.6% | — | — |
| Shares Outstanding | — | $101M | $110M | $112M | $126M | $126M | $135M | $135M |
Compare YSG with 7 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| YSGYou | $3B | -4.4 | — | — | 77.1% | -12.4% | -19.7% | -10.9% | — |
| ULTA | $31B | 27.0 | 17.6 | 32.5 | 38.8% | 14.0% | 50.4% | 33.2% | 1.0 |
| BBWI | $5B | 6.3 | 5.9 | 7.4 | 44.3% | 17.3% | — | 32.9% | 3.2 |
| SBH | $2B | 8.5 | 7.0 | 9.1 | 51.6% | 8.9% | 27.5% | 11.4% | 3.7 |
| OLPX | $1B | 54.9 | 9.5 | 7.6 | 69.2% | 15.8% | 2.3% | 5.1% | 5.4 |
| HNST | $316M | -20.0 | — | 23.2 | 33.3% | -5.0% | -9.1% | -13.5% | — |
| NHTC | $37M | -41.7 | — | — | 73.5% | -4.5% | -3.1% | -6.5% | — |
| JWEL | $5M | -0.6 | — | 7.6 | 1.0% | -6.1% | -37.8% | -28.0% | — |
| Consumer Cyclical Median | — | 18.8 | 11.0 | 14.0 | 38.6% | 2.4% | 6.5% | 5.6% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonYatsen Holding Limited's current P/E ratio is -4.4x. This places it at the 50th percentile of its historical range.
Yatsen Holding Limited's return on equity (ROE) is -19.7%. The historical average is -22.6%.
Based on historical data, Yatsen Holding Limited is trading at a P/E of -4.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Yatsen Holding Limited has 77.1% gross margin and -12.4% operating margin.