Yatsen Holding Limited
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
-1.657.96
Price/Sales ratio
1.511.42
Earnings per Share (EPS)
$-5.71$1.19

Historical Multiples (2018 – 2023)

2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-7.62K4.10K-42.98-5.57-6.81-3.91-6.10-42.98
Price/Sales ratio
481.29102.1422.081.471.500.851.341.47
Price/Book Value ratio
2.36K288.2216.871.521.180.701.051.52
Price/Cash Flow ratio
-3.17K-50.10K-117.52-8.4541.07-27.26-12.56-117.52
Price/Free Cash Flow ratio
-3.02K-2.69K-84.48-7.2672.77-19.35-7.90-84.48
Price/Earnings Growth ratio
N/A-14.030.001.100.170.49-0.151.10
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
63.47%63.59%64.28%66.76%67.96%73.60%67.96%64.28%
Operating Profit Margin
-5.24%4.74%-51.26%-27.81%-25.06%-26.74%-25.06%-51.26%
Pretax Profit Margin
-5.68%4.86%-51.23%-26.50%-22.08%-22.06%-22.08%-51.23%
Net Profit Margin
-6.31%2.48%-51.37%-26.49%-22.16%-21.89%-22.00%-51.37%
Effective Tax Rate
-11.10%48.85%-0.25%0.05%-0.33%0.42%-0.33%0.05%
Return on Assets
-12.22%3.74%-32.36%-21.27%-14.00%-14.93%-13.90%-32.36%
Return On Equity
-31.00%7.01%-39.25%-27.33%-17.40%-18.08%-16.29%-39.25%
Return on Capital Employed
-23.63%11.52%-37.37%-25.40%-17.61%-20.78%-17.61%-37.37%
Liquidity Ratios
Current Ratio
N/AN/A6.26N/AN/AN/A5.96N/A
Quick Ratio
1.071.395.724.395.244.254.744.39
Cash ratio
0.130.885.063.572.571.362.573.57
Days of Sales Outstanding
37.1931.9430.2422.2420.3321.5520.3322.24
Days of Inventory outstanding
137.60166.72120.44130.82130.11142.56130.11120.44
Operating Cycle
174.80198.66150.69153.06150.45164.11135.13153.06
Days of Payables Outstanding
141.89132.4891.1345.2836.8442.7936.8445.28
Cash Conversion Cycle
32.9066.1859.56107.78113.60121.3215.57107.78
Debt Ratios
Debt Ratio
0.00N/AN/AN/AN/AN/A0.13N/A
Debt Equity Ratio
0.02N/AN/AN/AN/AN/A0.16N/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/A0.01N/A
Total Debt to Capitalization
0.02N/AN/AN/AN/AN/A0.02N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A-26.80N/A
Cash Flow to Debt Ratio
-33.17N/AN/AN/AN/AN/A-2.99N/A
Company Equity Multiplier
2.531.871.211.281.241.211.241.21
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.15-0.00-0.18-0.170.03-0.03-0.10-0.18
Free Cash Flow / Operating Cash Flow Ratio
1.0518.601.391.160.561.401.591.39
Cash Flow Coverage Ratio
-33.17N/AN/AN/AN/AN/A-2.99N/A
Short Term Coverage Ratio
-33.17N/AN/AN/AN/AN/A-4.98N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/A