FS Development Investment Holdings (SZSE:300071) Scaled Net Operating Assets: 0.31 (As of Jun. 2026)

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SZSE:300071 FS Development Investment Holdings SZSE:300071
54 GF Score
Price ¥4.18
GF Value ¥2.93
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is FS Development Investment Holdings Scaled Net Operating Assets?

FS Development Investment Holdings SZSE:300071 +0.97% 54 Scaled Net Operating Assets is 0.31 as of Jun. 2026. GuruFocus rates SZSE:300071 with a GF Score™ of 54/100 and a GF Value™ of ¥2.93 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FS Development Investment Holdings's operating assets for the quarter that ended in Jun. 2026 was ¥729.8 Mil. FS Development Investment Holdings's operating liabilities for the quarter that ended in Jun. 2026 was ¥483.3 Mil. FS Development Investment Holdings's Total Assets for the quarter that ended in Mar. 2026 was ¥786.7 Mil. Therefore, FS Development Investment Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.31.


FS Development Investment Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for FS Development Investment Holdings's Scaled Net Operating Assets 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.

FS Development Investment Holdings Scaled Net Operating Assets Chart

FS Development Investment Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.17 0.21 0.18 0.08

FS Development Investment Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Scaled Net Operating Assets 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 0.11 0.12 0.10 0.12 0.31

SZSE:300071 vs APP, OMC, TTD: Scaled Net Operating Assets Comparison

For the Advertising Agencies subindustry, FS Development Investment Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


FS Development Investment Holdings Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, FS Development Investment Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where FS Development Investment Holdings's Scaled Net Operating Assets falls into.


SZSE:300071
54GF Score
FS Development Investment Holdings SZSE:300071
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FS Development Investment Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FS Development Investment Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(799.06536771-700.5097651)/1180.3395883
=0.08

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=880.78350976 - 81.71814205
=799.06536771

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=781.29552486 - 0.12343071 - 80.66232905
=700.5097651

FS Development Investment Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(729.77048804-483.31720444)/786.72955203
=0.31

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=783.78570236 - 54.01521432
=729.77048804

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=611.48771697 - 6.39230015 - 121.77821238
=483.31720444

* 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 Scaled Net Operating Assets of 0.31 mean?
FS Development Investment Holdings (SZSE:300071) has a Scaled Net Operating Assets of 0.31 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FS Development Investment Holdings and its competitors.
Is FS Development Investment Holdings' Scaled Net Operating Assets too high?
FS Development Investment Holdings' current Scaled Net Operating Assets is 0.31. Overall, FS Development Investment Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FS Development Investment Holdings' Scaled Net Operating Assets compare to APP and OMC?
FS Development Investment Holdings' Scaled Net Operating Assets of 0.31 can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FS Development Investment Holdings and its competitors. FS Development Investment Holdings's current Scaled Net Operating Assets is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS Development Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, FS Development Investment Holdings (SZSE:300071) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.93, compared to a current price of ¥4.18 — trading 42.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.31. FS Development Investment Holdings' overall GF Score™ is 54/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For FS Development Investment Holdings (SZSE:300071), the current Scaled Net Operating Assets is 0.31 as of Jun. 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 FS Development Investment Holdings (SZSE:300071) Overvalued in 2026?

Based on GuruFocus' analysis, FS Development Investment Holdings stock appears to be overvalued. The current stock price of ¥4.18 is trading 42.7% above its estimated GF Value™ of ¥2.93. GuruFocus considers FS Development Investment Holdings to be Significantly Overvalued.

Key valuation signals for SZSE:300071:

  • Scaled Net Operating Assets: 0.31
  • GF Value™: ¥2.93 vs. price of ¥4.18 (42.7% above fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the SZSE:300071 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FS Development Investment Holdings Business Description

Address Yard 30, Shixing Street, Room 512, Building 8, Shijingshan District, Beijing, CHN, 100005
FS Development Investment Holdings formerly Spearhead Integrated Marketing Communication Group is an offline marketing service provider. It is engaged in public relations advertising, digital marketing, content marketing, big data marketing.
54GF Score

Get the complete analysis for SZSE:300071

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥4.18
Price
¥2.93
GF Value