Yatsen Holding (YSG) - Net Assets
Based on the latest financial reports, Yatsen Holding (YSG) has net assets worth $2.91 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.72 Billion) and total liabilities ($809.74 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check YSG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.91 Billion |
| % of Total Assets | 78.22% |
| Annual Growth Rate | 56.69% |
| 5-Year Change | -50.02% |
| 10-Year Change | N/A |
| Growth Volatility | 297.86 |
Yatsen Holding - Net Assets Trend (2018–2025)
This chart illustrates how Yatsen Holding's net assets have evolved over time, based on quarterly financial data. See Yatsen Holding defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Yatsen Holding (2018–2025)
The table below shows the annual net assets of Yatsen Holding from 2018 to 2025. For live valuation and market cap data, see YSG market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.00 Billion | -3.24% |
| 2024-12-31 | $3.10 Billion | -25.85% |
| 2023-12-31 | $4.18 Billion | -17.34% |
| 2022-12-31 | $5.06 Billion | -15.73% |
| 2021-12-31 | $6.01 Billion | -12.47% |
| 2020-12-31 | $6.86 Billion | +538.96% |
| 2019-12-31 | $1.07 Billion | +730.05% |
| 2018-12-31 | $129.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yatsen Holding's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 808674746900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $173.11K | 0.01% |
| Other Comprehensive Income | $106.35 Million | 3.53% |
| Other Components | $11.05 Billion | 366.89% |
| Total Equity | $3.01 Billion | 100.00% |
Yatsen Holding Competitors by Market Cap
The table below lists competitors of Yatsen Holding ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xingguang Agricultural Mach
SHG:603789
|
$204.14 Million |
|
NGL Fine-Chem Limited
NSE:NGLFINE
|
$204.15 Million |
|
Centaurus Metals Ltd
AU:CTM
|
$204.16 Million |
|
KlaraBo Sverige AB Series B
ST:KLARA-B
|
$204.18 Million |
|
Humasis Co. Ltd
KQ:205470
|
$203.98 Million |
|
CviLux Corp
TW:8103
|
$203.96 Million |
|
Kingstone Companies Inc
NASDAQ:KINS
|
$203.95 Million |
|
Linedata Services S.A.
PA:LIN
|
$203.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yatsen Holding's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,055,326,000 to 3,012,521,122, a change of -42,804,878 (-1.4%).
- Net loss of 78,664,764 reduced equity.
- Share repurchases of 111,019,000 reduced equity.
- Other comprehensive income increased equity by 19,488,676.
- Other factors increased equity by 127,390,210.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-78.66 Million | -2.61% |
| Share Repurchases | $111.02 Million | -3.69% |
| Other Comprehensive Income | $19.49 Million | +0.65% |
| Other Changes | $127.39 Million | +4.23% |
| Total Change | $- | -1.40% |
Book Value vs Market Value Analysis
This analysis compares Yatsen Holding's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.33x to 0.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.96 | $3.20 | x |
| 2019-12-31 | $7.97 | $3.20 | x |
| 2020-12-31 | $54.21 | $3.20 | x |
| 2021-12-31 | $44.79 | $3.20 | x |
| 2022-12-31 | $42.01 | $3.20 | x |
| 2023-12-31 | $37.66 | $3.20 | x |
| 2024-12-31 | $30.17 | $3.20 | x |
| 2025-12-31 | $32.35 | $3.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yatsen Holding utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.88%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 1.28x
- Recent ROE (-2.61%) is above the historical average (-18.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -32.21% | -6.32% | 2.01x | 2.54x | $-54.63 Million |
| 2019 | 7.00% | 2.49% | 1.50x | 1.87x | $-32.26 Million |
| 2020 | -37.10% | -51.36% | 0.60x | 1.21x | $-3.23 Billion |
| 2021 | -26.87% | -26.38% | 0.79x | 1.28x | $-2.09 Billion |
| 2022 | -17.58% | -22.00% | 0.64x | 1.24x | $-1.30 Billion |
| 2023 | -18.01% | -21.81% | 0.68x | 1.21x | $-1.16 Billion |
| 2024 | -23.51% | -20.87% | 0.87x | 1.30x | $-1.02 Billion |
| 2025 | -2.61% | -1.88% | 1.09x | 1.28x | $-379.92 Million |
Industry Comparison
This section compares Yatsen Holding's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $683,175,626
- Average return on equity (ROE) among peers: -216.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yatsen Holding (YSG) | $2.91 Billion | -32.21% | 0.28x | $204.09 Million |
| Acme United Corporation (ACU) | $18.00 Million | -3.33% | 1.33x | $158.51 Million |
| Bruush Oral Care Inc. (BRSHF) | $-1.40 Million | 0.00% | 0.00x | $10.10K |
| Park Ha Biological Technology Co., Ltd. (BYAH) | $150.28K | 127.30% | 15.76x | $12.69 Million |
| Church & Dwight Company Inc (CHD) | $179.30 Million | 13.66% | 0.96x | $21.50 Billion |
| Colgate-Palmolive Company (CL) | $544.00 Million | 531.07% | 28.50x | $70.06 Billion |
| The Clorox Company (CLX) | $492.00 Million | 56.91% | 10.69x | $10.75 Billion |
| Coty Inc (COTY) | $3.96 Billion | -9.30% | 2.01x | $1.72 Billion |
| Carmell Therapeutics Corporation (CTCX) | $-4.71 Million | 0.00% | 0.00x | $4.61 Million |
| Big Tree Cloud Holdings Limited Ordinary Shares (DSY) | $1.12 Million | -2900.76% | 8.79x | $4.99 Million |
| Estee Lauder Companies Inc (EL) | $1.65 Billion | 14.82% | 1.30x | $20.97 Billion |
About Yatsen Holding
Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products in the People's Republic of China. The company operates through three segments: Color Cosmetics Brands, Skincare Brands, and Others. The company offers colored cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup remo… Read more