Valuation
Is the price right?Insufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Bringing the fundamentals into focus…
YSG Consumer DefensiveBeta data
Yatsen Holding Limited
$1.83+2.23%
Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026
Basics
- Sector
- Consumer Defensive
- Industry
- Household & Personal Products
- Country
- China
- Market cap
- 171.7M USD
- Enterprise value
- 104.0M USD
- Full-time employees
- 1,623
Growth
Is it growing?92/100
Strong
2/3 inputs reported · Partial data
Since last year: ▲ Stronger
- 12-month revenue up 26.7%
Why
Compare with peers Stronger than most peers on:
- ▲ Revenue growth
Behind the score
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0154 · MAD: 0.25293-year revenue growth5.1%
SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score 0.30Sector median: 0.0366 · MAD: 0.0470Revenue growth26.7%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 4.08Sector median: 0.0278 · MAD: 0.0585Profitability
Does it earn well?7/100
Weak
3/3 inputs reported · High confidence
Since last year: ▲ Stronger
- Operating margin rose 20.0 points to -4.3%
Why
Compare with peers Weaker than most peers on:
- ▼ Operating margin
- ▼ ROA
- ▼ ROIC
Behind the score
Return on invested capital, operating margin, and return on assets.
Operating margin-4.3%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -2.34Sector median: 0.0759 · MAD: 0.0508Return on assets-2.1%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -2.31Sector median: 0.0396 · MAD: 0.0262Return on invested capital-6.5%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -2.11Sector median: 0.0766 · MAD: 0.0673Other data (not scored)
Gross margin77.4%
Yahoo Finance · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3182 · MAD: 0.1263Return on equity-7.6%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0831 · MAD: 0.0675Risk
Debt, liquidity, price swingsLower
Lower relative risk
2/3 inputs reported · Partial data
Since last year: No major change
Why
Compare with peers Stronger than most peers on:
- ▲ Current ratio
- ▲ Debt / equity
Behind the score
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
BetaUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.4070 · MAD: 0.1690Current ratio3.70×
Yahoo FinanceReported value33% base weight · Z-score 3.36Sector median: 1.5250 · MAD: 0.6460Debt / equity0.22×
Yahoo FinanceReported value33% base weight · Z-score 0.56Sector median: 0.4234 · MAD: 0.3581Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Yatsen
- Is Yatsen getting weaker?
- Its latest SEC filing (Apr 29, 2026) got stronger: operating margin rose 20.0 points to -4.3%. Its overall score is unchanged at 63/100 since Oct 28, 2026.
- How is Yatsen valued vs its peers?
- Insufficient data: 1 of 3 inputs reported (at least 2 needed).
- Is Yatsen growing?
- Yes, faster than most of its peers. Growth scores 92/100 against 823 consumer defensive peers. Revenue growth 26.7% vs a peer median of 2.8% (stronger than 94% of peers).Revenue growth 26.7% vs peers 2.8% (stronger than 94% of peers).
- How profitable is Yatsen?
- Less profitable than most of its peers. Profitability scores 7/100 against 823 consumer defensive peers. Operating margin -4.3% vs a peer median of 7.6% (weaker than 93% of peers).Operating margin -4.3% vs peers 7.6% (weaker than 93% of peers).
- How risky is Yatsen?
- Lower risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 3.70× vs a peer median of 1.52× (stronger than 87% of peers).Current ratio 3.70× vs peers 1.52× (stronger than 87% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Year ended Dec 31, 2025 · filed Apr 29, 2026 · compared with the year ended Dec 31, 2024Got stronger
- Operating margin rose 20.0 points to -4.3%
Worth watching: Yatsen is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
| Previous year | Latest year | Change | |
|---|---|---|---|
| Revenue (12 months) | 3.4B CNY | 4.3B CNY | +26.7% |
| Net income (12 months) | −708.2M CNY | −80.9M CNY | −88.6% |
| Operating margin | -24.3% | -4.3% | +20.0 pts |
| Free cash flow (12 months) | −296.4M CNY | −136.7M CNY | −53.9% |
| Cash | 817.4M CNY | 765.4M CNY | −6.4% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.
Financials
Fiscal years from SEC annual filings · change vs the prior year · amounts in CNY, as reported| Key ratios | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|---|
| Gross margin | 66.8% | 68.0% | 73.6% | 77.1% | 78.2% | ▲ 1.1 pts |
| Operating margin | -27.8% | -25.1% | -26.7% | -24.3% | -4.3% | ▲ 20 pts |
| Net margin | -26.4% | -22.0% | -21.9% | -20.9% | -1.9% | ▲ 19 pts |
| Return on assets (ROA) | -21.2% | -13.9% | -14.9% | -17.8% | -2.1% | ▲ 16 pts |
| Return on equity (ROE) | -27.2% | -17.3% | -18.1% | -23.2% | -2.7% | ▲ 20 pts |
| Free cash flow margin | -19.9% | 2.3% | -4.4% | -8.7% | -3.2% | ▲ 5.6 pts |
| Current ratio | 5.19× | 5.96× | 4.83× | 3.67× | 3.63× | ▼ 1.0% |
| Quick ratio | 4.40× | 5.24× | 4.25× | 3.06× | 2.80× | ▼ 8.5% |
YSG price history
Price history is added with the daily price update and will appear after the next one.