So-Young International Inc. (SY)
Estimates & Forecasts•Proprietary EPS, revenue & margin forecasts — FY+1 to FY+4
Popular:
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Net Income | $-66M | $21M | $-590M |
| EPS (Diluted) | $-0.48 | $0.16 | $-4.39 |
| YoY Growth | — | — | -2870.3% |
| Net Margin | -5.2% | 1.4% | -40.2% |
| Metric | 2024A | 2025E | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.7B | $1.4B | $1.5B |
| Net Income | $-590M | $-542M | $-447M | $-480M | $-452M |
| EPS (Diluted) | $-4.39 | $-8.12 | $-6.58 | $-6.95 | $-6.44 |
| Free Cash Flow | $-88M | $-456M | $-496M | $-430M | $-450M |
Treat point estimates cautiously; use wider scenario ranges and position sizing discipline.
Quick answers to the most common questions about buying SY stock.
So-Young International Inc.'s projected EPS for the next fiscal year is $-8.12. This estimate blends our quantitative model with Wall Street analyst consensus and carries a confidence score of 25/100. The model factors in revenue trajectory, margin path, and share buyback trends to arrive at this figure.
Our scenario-based model produces three price targets for So-Young International Inc.: Bear case $N/A, Base case $N/A, and Bull case $N/A. These targets are derived by applying the median historical P/E ratio to forward EPS estimates under each growth scenario. They are not buy/sell recommendations.
So-Young International Inc.'s projected revenue growth for the next fiscal year is 6.0%, reaching approximately $1.5B in total revenue. Growth estimates are probability-weighted and blend analyst consensus with our CAGR extrapolation model. Outer years (FY+3, FY+4) fade toward industry median growth rates.
Accuracy depends on several measurable factors. Our model confidence score of 25/100 is computed from revenue predictability (25% weight), margin stability (20%), historical earnings beat rate (20%), data depth (15%), analyst coverage (10%), and model-consensus agreement (10%). Contracting margins add uncertainty to forward projections. No forecast model is perfect — always cross-reference with your own analysis.
So-Young International Inc.'s forward operating margin is estimated at -45.8% for the next fiscal year. The margin trend is currently "contracting". Our model tracks margin mean-reversion patterns and adjusts for sector-specific cost dynamics. Operating leverage is a key driver of EPS growth beyond top-line revenue expansion.
The v2 model uses a multi-step process: (1) Revenue is projected via blended CAGR with probability weighting, (2) Operating and net margins follow a mean-reversion path calibrated to sector norms, (3) EPS is derived from net income divided by projected diluted shares (accounting for buyback trends), (4) For FY+1 and FY+2, estimates are blended with analyst consensus based on coverage depth, (5) Price targets apply median historical P/E to forward EPS under bear/base/bull growth scenarios. All inputs are from public filings and third-party data providers.
The bear case ($N/A) assumes P25 revenue growth, worst-case margins, and multiple compression. Key risks include: unexpected margin contraction, revenue deceleration below model floor, regulatory headwinds, macro deterioration, or competitive disruption. A confidence score below 60 suggests higher estimate volatility. Always size positions according to the full scenario range, not just the base case.
Our model is below Wall Street consensus with a 402.8% gap. For FY+1, analyst estimates blend with our model at 15% analyst weight. By FY+3 and FY+4, estimates are purely model-driven as analyst coverage thins out at longer horizons.