S.F. Holding Co. Ltd (002352) Fair Value & Analysis
Industrials · CN · Market cap 169B CNY (≈ $25.3B) · ISIN CNE100000L63
What is S.F. Holding Co. Ltd really worth?
A solid business, currently priced close to our fair value of ¥31.13.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from ¥48.64 to ¥31.13 (−36.0%) since Jul 9, 2026. Share price −6.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- The price sits in the upper half of our model range, so the margin of safety is thin.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥30.82 – ¥75.81 · fair‑value band ¥23.35 – ¥38.92 · the ¥32.22 price screens above the ¥31.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
S.F. Holding Co. Ltd (002352) currently trades at ¥32.22, while our model-based Fair Value estimate is ¥31.13, implying the stock looks roughly 3.5% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ¥106.04 per share, and 21 of the 26 models we run sit above the ¥32.22 price. Bear case: the Asset-Based group reads lowest at ¥13.86, and 5 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, S.F. Holding Co. Ltd generated revenue of 313B CNY at a net margin of 3.7%. Revenue grew 6.1% year over year. It earns a return on equity of 11.1%. Net debt stands at 3.6B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥23.35 (bear case) to ¥38.92 (bull case); at ¥32.22, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −5% fair-value upside, at −3%, 002352 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.9376 per share, which is 3.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (¥106.04) versus Asset-Based (¥13.86). Highest evidence: EPV (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
S.F. Holding Co., Ltd., together with its subsidiaries, provides integrated logistics services in China, Hong Kong, Macau, Taiwan, and internationally. The company operates through three segments: Express and Large Items, Same-City Instant Delivery, and Supply Chain and International.
Full company description
S.F. Holding Co., Ltd., together with its subsidiaries, provides integrated logistics services in China, Hong Kong, Macau, Taiwan, and internationally. The company operates through three segments: Express and Large Items, Same-City Instant Delivery, and Supply Chain and International. It offers time-sensitive and economy express deliveries, as well as international, bulk, cold chain, and pharmaceutical shipping; same-city instant and last-mile delivery services; international express delivery, international freight forwarding, agency, and supply chain services, as well as warehousing and distribution services. The company also provides technology services, including smart express delivery, smart life, smart business, and smart supply chain software, as well as smart hardware; and supply chain solutions for automotive, technology, industrial equipment, consumer goods, retail food and catering, life sciences and pharmaceuticals, finance and insurance, and government and enterprise services sectors. In addition, it is involved in air cargo and mail transportation; technical maintenance and development services; business information and enterprise management consulting; value-added telecommunications services; management of e-commerce industrial parks; driving services; factoring business; financing and wealth management; retail; leasing; property management; scientific research and technical services; postal services; and asset, capital, and investment management. The company was founded in 1993 and is headquartered in Shenzhen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
S.F. Holding Co. Ltd reported revenue of 308B CNY in FY2025 versus 207B CNY in FY2021, a compound +10.4%/yr. Reported net income was 11.1B CNY in FY2025, compounding +27.0%/yr from FY2021.
of which total revenue +24.7 % · buybacks/dilution −27.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Integrated Freight & Logistics · 206 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| United Parcel Service, Inc UPS | $105.33 | $103.34 | −2% |
| FedEx Corporation FDX | $330.88 | $347.68 | +5% |
| Deutsche Post AG DHL | €56.14 | €53.18 | −5% |
| DSV A/S DSV | kr 1,358 | kr 712.57 | −48% |
| Kuehne + Nagel International AG KNIN | CHF 219.90 | CHF 147.92 | −33% |
| J.B. Hunt Transport Services, Inc JBHT | $256.48 | $133.80 | −48% |
| C.H. Robinson Worldwide, Inc CHRW | $150.39 | $86.56 | −42% |
| Expeditors International of Washington, Inc EXPD | $190.97 | $115.95 | −39% |
| S.F. Holding 6936 | HK$32.62 | HK$54.06 | +66% |
| ZTO Express (Cayman) Inc ZTO | $21.50 | $28.62 | +33% |
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