SF Holding Co Ltd equity, debt and subsidiaries

Accuracy score :
97%

Summary (from the latest 2018 annual report)

  • Total equity: 5.4 billion USD
  • Market Cap is 22.6 billion  USD ( the last price of the stock is 34.31 CNY)
  • SF Holding Co Ltd is an integrated logistics service provider in China. The company is committed to providing customers with integrated logistics solutions related to delivery, cold service and warehousing service. It holds a vast logistics network both in both China and abroad
  • The company has 2.4 billion USD in cash on account
  • The company has 30 million USD treasury stocks
  • In 2018 long-term debt is was 1.11 billion USD, short – term debt was 1.32 billion USD (In 2017 total debt was 1.5 billion USD)
  • Company's revenue has increased in 2018 to 13.5 billion USD from 10.6 billion in 2017
  • Net income in 2018 was 670 million USD, Net income in 2017 was 710 million USD
  • In 2018 the company paid 220 million USD dividend to its shareholders

 

Opinion about the company

Fundamentally it is a not bad company and in the future we can expect its growth (Total debt is 2.43 billion USD, a big amount of cash on company's account, ROE is around 13 %).

SF Holding Co Ltd is an integrated logistics service provider in China. The company is committed to providing customers with integrated logistics solutions related to delivery, cold service and warehousing service. Utilizing big data analytics and cloud computing technologies, SF provides its customers with integrated logistics services from transportation to warehousing management, from sales forecasting and data analytics to settlement and cash management, as well as supply chain management services. SF has built an integrated logistics network of “Aviation Network”, “Ground Network” and “Information Network”, after years of concentration at business operation, and forward-looking strategic planning.  Its logistics products mainly include express services such as express delivery, economy express delivery, intra-city delivery, warehousing services, and international express delivery; heavy cargo transportation services such as logistics cargo and heavy cargo express; and cold chain transportation services for fresh produce and food products, and pharmaceutical industry customers. In addition, SF Holding provides value-added services such as insurance and Cash on Delivery (COD) to meet the specific needs of customers. SF Holding has a vast logistics network both at home and abroad, including an "aviation network" consisting of all-cargo aircraft, commercial flight, and drones; a "ground network" consisting of service points, transit and distribution service points, land transportation networks, customer hotline networks, and last mile networks; and an "information network" consisting of various AI automation devices, AI recognition technology for voice and machine graphics, smart decision-making, SF Maps, big data ecosystems, digital warehouses, and smart packaging. The three networks are integrated into one “aviation + ground + information” network. This directly operated network has domestic and overseas coverage and is a comprehensive logistics network system with the most powerful network control, the highest stability, and the most unique resources in the industry domestically.

  • Express product represents 61% of the total revenues
  • Economy product represents 24% of the total revenues
  • Heavy Cargo represents 8% of the total revenues
  • Gold Chain represents 3% of the total revenues
  • Intra-city delivery represents 1% of the total revenues
  • International Express represents 3% of the total revenues

 SF adopts the direct operation mode, through central operation and management from headquarter to branches, gurantees the overall operation quality of service networks. SF was established in Shunde, Guangdong Province in 1993. The company was formerly known as Maanshan Dingtai Rare Earth & New Material Co., Ltd. and changed its name to S.F. Holding Co., Ltd. S.F. Holding Co., Ltd. is a subsidiary of Shenzhen Mingde Holding Development Co., Ltd. On December 12, 2016, SF Express was approved to be listed in A-Share stock market by the China Securities Regulatory Commission; on February 24, 2017, SF had been officially renamed to SF Holding (SZSE:002352) .

SF standalone subsidiaries and acquisitions :

  • Express segment is the most valuable part of the company and this segment is worth around 15 billion USD
  • SF Holding has a total of 44 self-owned all-cargo aircraft (including 5 Boeing 767 aircraft, 22 Boeing 757 aircraft, and 17 Boeing 737 aircraft). SF Holding has about 32,000 directly-operated and outsourced vehicles in its main and branch routes. The total number of vehicles for collection and delivery was 73,000 (excluding motorcycles and electric vehicles). SF Holding has 138 warehouses of different categories with total area of nearly 1.5 million square meters, forming a nationwide warehouse service network covering more than 100 major cities across the nation’s four major regions

Total =  15 billion USD

  • As of June 30, 2018, SF Holding had obtained or applied for 1,254 patents, of which 458 were invention patents
  • The National Bureau of Quality Inspection is responsible for the organization and implementation of the China Quality Award, which is awarded every two years. In 2017, the National Bureau of Quality Inspection hosted the third China Quality Award; SF was the only company in the private express delivery industry that was selected and received a nomination award

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