Friday 6 November 2026
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Shengfeng Development Limited
SFWL Industrials Integrated Freight & Logistics
Shengfeng Development Limited’s revenue for fiscal 2025 (year ended December 2025) was $572.5 million, up 13.6% from fiscal 2024.
3.60
0.30
−7.69%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 233 | 287 | 347 | 370 | 404 | 504 | 572 | — | +16.2% | — | — | — | — | |
| Gross margin, % | — | — | — | 12.39 | 12.34 | 11.93 | 11.22 | 11.51 | 9.18 | 9.27 | — | (3.1) pt | ||||||
| EBT | — | — | — | 2 | 8 | 8 | 9 | 13 | 12 | 14 | — | +36.3% | ||||||
| EBT margin, % | — | — | — | 0.95 | 2.65 | 2.35 | 2.55 | 3.12 | 2.48 | 2.49 | — | +1.5 pt | ||||||
| Net income | — | — | — | 2 | 6 | 7 | 8 | 10 | 11 | 12 | 36 | +36.2% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 2.82 | 3.49 | 64.97 | 69.40 | 74.06 | 91.62 | 104.04 | 0.00 | +82.4% | |||||
| Earnings | — | — | — | 0.02 | 0.07 | 1.25 | 1.50 | 1.95 | 1.95 | 2.10 | — | +117.2% | ||||||
| Cash flow | — | — | — | (0.01) | 0.01 | 3.11 | 1.30 | 2.59 | 2.73 | 2.93 | 0.00 | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | (4.56) | (1.26) | (5.04) | (6.77) | (3.40) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | (0.01) | 0.01 | (1.45) | 0.04 | (2.45) | (4.04) | (0.48) | 0.00 | +94.5% | ||||||
| Book value | — | — | — | 0.86 | 1.00 | 17.97 | 17.82 | 20.58 | 22.43 | 25.24 | 0.00 | +75.5% | ||||||
| Shares, m | — | — | — | 82 | 82 | 5 | 5 | 5 | 6 | 6 | — | (36.3%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 355.05 | (0.50) | (0.68) | (1.19) | 50.6 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (1) | 1 | 17 | 7 | 14 | 15 | 16 | 4 | n/m | |||||
| Capex | — | — | — | (4) | (8) | (24) | (7) | (27) | (37) | (19) | (57) | +30.6% | ||||||
| Free cash flow | — | — | — | (1) | 1 | (8) | 0 | (13) | (22) | (3) | (53) | +24.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | (1) | 1 | (4) | 5 | 13 | 43 | 46 | 51 | n/m | |||||
| Net debt | — | — | — | 39 | 59 | 49 | 42 | 7 | 16 | 43 | 63 | +1.4% | ||||||
| Shareholders’ equity | — | — | — | 71 | 83 | 96 | 95 | 112 | 123 | 139 | 150 | +11.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | 2.98 | 2.90 | 3.18 | 4.03 | 3.78 | 3.63 | 0.00 | +3.6 pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | 3.72 | 4.50 | 7.29 | 6.59 | 5.81 | 0.00 | +5.8 pt | ||||||
| ROE | — | — | — | 0.00 | 7.92 | 7.73 | 8.15 | 9.93 | 9.23 | 9.09 | 0.00 | +9.1 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 1,560 | 1,550 | 1,341 | 1,263 | 1,416 | — | (2.4%) | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.22 | 0.24 | 0.30 | 0.40 | 0.40 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · fundamentals updated 2 Oct 2026
Shengfeng Development Limited vs peers in Integrated Freight & Logistics (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FLX BingEx Limited | $79.7M | — (loss-making) | 7.1× | −3.11% (below 0%: shrinking) | n/m | — | 10.16% | 0.77% | Compare |
| NCEW New Century Logistics (BVI) Limited | $57.3M | — | — | — | — | −150.21% (below 0%: shrinking) | — | — | Compare |
| SFWL Shengfeng Development Limited | $19.5M | — | — | — | — | +39.27% (above 0%: growing) | 12.31% | 0.00% | |
| JYD Jayud Global Logistics Limited | $13.3M | — | — | — | — | −134.26% (below 0%: shrinking) | (0.36%) | 0.00% | Compare |
| QNME Quanome Technologies, Inc. | $11.8M | — (loss-making) | — | −88.24% (below 0%: shrinking) | n/m | +71.09% (above 0%: growing) | (92.09%) | (788.61%) | Compare |
| SLGB Smart Logistics Global Limited | $9.0M | — | — | — | — | — | — | — | Compare |
| ELOG Eastern International Ltd. | $9.0M | — | — | — | — | — | — | — | Compare |
| ATXG Addentax Group Corp. | $6.6M | — (loss-making) | — | +315.97% (above 0%: growing) | n/m | +95.39% (above 0%: growing) | 12.06% | (19.67%) | Compare |
| BTOC Armlogi Holding Corp. | $5.3M | — (loss-making) | — | −15.31% (below 0%: shrinking) | n/m | −107.09% (below 0%: shrinking) | 12.85% | (12.87%) | Compare |
| Median of peers | $10.4M | — | — | −9.21% | — | −107.09% | 10.16% | (12.87%) |