SY (So-Young International) Intrinsic Value: Projected FCF: $1.74 (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SY So-Young International Inc SY
65 GF Score
Price $2.74
GF Value $1.61
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is So-Young International Intrinsic Value: Projected FCF?

So-Young International SY -0.90% 65 Intrinsic Value: Projected FCF is $1.74 as of Sep. 22, 2026. GuruFocus rates SY with a GF Score™ of 65/100 and a GF Value™ of $1.61 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 347 Healthcare Providers & Services companies, So-Young International ranks worse than 64.84% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-22), So-Young International's Intrinsic Value: Projected FCF is $1.74. The stock price of So-Young International is $2.74. Therefore, So-Young International's Price-to-Intrinsic-Value-Projected-FCF of today is 1.6.

The historical rank and industry rank for So-Young International's Intrinsic Value: Projected FCF or its related term are showing as below:

SY' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.28   Med: 0.31   Max: 1.62
Current: 1.57

During the past 10 years, the highest Price-to-Intrinsic-Value-Projected-FCF of So-Young International was 1.62. The lowest was 0.28. And the median was 0.31.

SY's Price-to-Projected-FCF is ranked worse than
64.84% of 347 companies
in the Healthcare Providers & Services industry
Industry Median: 1.06 vs SY: 1.57

So-Young International  (NAS:SY) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

So-Young International's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=2.74/1.7485894953039
=1.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


So-Young International Intrinsic Value: Projected FCF Related Terms


So-Young International Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for So-Young International's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

So-Young International Intrinsic Value: Projected FCF Chart

So-Young International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

So-Young International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

SY vs SPOK, AMWL, LFMD: Intrinsic Value: Projected FCF Comparison

For the Health Information Services subindustry, So-Young International's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


So-Young International Price-to-Projected-FCF vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, So-Young International's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where So-Young International's Price-to-Projected-FCF falls into.


SY
65GF Score
So-Young International Inc SY
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

So-Young International Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get So-Young International's Free Cash Flow(6 year avg) = $-0.09.

So-Young International's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-0.086701428571429+222.2784284825*0.8)/101.22290862291
=1.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $1.74 mean?
So-Young International (SY) has a Intrinsic Value: Projected FCF of $1.74 as of Sep. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on So-Young International and its competitors. According to the industry distribution chart, So-Young International ranks #225 out of 347 companies in the Healthcare Providers & Services industry, placing it in the top 64.8%.
Is So-Young International's Intrinsic Value: Projected FCF too high?
So-Young International's current Intrinsic Value: Projected FCF is $1.74. The Healthcare Providers & Services industry median Intrinsic Value: Projected FCF is 1.06. So-Young International's value of $1.74 is 64.2% above this industry median. Based on the distribution chart, So-Young International ranks #225 out of 347 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, So-Young International has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does So-Young International's Intrinsic Value: Projected FCF compare to SPOK and AMWL?
According to the Healthcare Providers & Services industry distribution chart, So-Young International ranks #225 out of 347 companies for Intrinsic Value: Projected FCF. This places So-Young International in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.06. So-Young International's value of $1.74 is 64.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Healthcare Providers & Services company?
The median Intrinsic Value: Projected FCF among Healthcare Providers & Services companies is 1.06, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. So-Young International's current Intrinsic Value: Projected FCF of $1.74 is 64.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on So-Young International and its competitors. For the Healthcare Providers & Services industry, the median Intrinsic Value: Projected FCF is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. So-Young International's current Intrinsic Value: Projected FCF is $1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is So-Young International stock overvalued right now?
Based on GuruFocus' analysis, So-Young International (SY) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.61, compared to a current price of $2.74 — trading 70.2% above its estimated fair value. The current Intrinsic Value: Projected FCF is $1.74 and 64.2% above the Healthcare Providers & Services industry median of 1.06. So-Young International's overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For So-Young International (SY), the current Intrinsic Value: Projected FCF is $1.74 as of Sep. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is So-Young International (SY) Overvalued in 2026?

Based on GuruFocus' analysis, So-Young International stock appears to be overvalued. The current stock price of $2.74 is trading 70.2% above its estimated GF Value™ of $1.61. GuruFocus considers So-Young International to be Significantly Overvalued.

Key valuation signals for SY:

  • Intrinsic Value: Projected FCF: $1.74
  • GF Value™: $1.61 vs. price of $2.74 (70.2% above fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 64.2% above the Healthcare Providers & Services median (#225 of 347)

No single metric tells the full story. See the SY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


So-Young International Business Description

Address No. 66 Xiangbin Road, 2nd Floor, East Tower, Poly Plaza, Chaoyang District, Beijing, CHN, 100012
So-Young International Inc is an aesthetic treatment platform in China connecting consumers with online services and offline treatments. Its online platform operates across multiple access points, including mobile app, Weixin mini program, and soyoung.com website, where both consumers and aesthetic practitioners can access media content, an engaging social community and a transparent reservation system. The company has four reportable segments: Aesthetic treatment services group, Platform service group, Wuhan Miracle, and Others. The majority of revenue is derived from the Platform service group, which generates revenue by providing information services and reservation services. All the company's revenues are derived from within the PRC.
65GF Score

Get the complete analysis for SY

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.74
Price
$1.61
GF Value