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1. Company Snapshot

1.a. Company Description

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China.The company offers business-to-business freight transportation services, such as full truckload and less than truckload; cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services; and value-added services comprising collection on delivery, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.It serves clients in various industries, including manufacturing, energy, telecommunications, internet, fashion, fast moving consumer goods, publishing, agriculture, and e-commerce.


Shengfeng Development Limited was founded in 2001 and is based in Fuzhou, the People's Republic of China.

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1.b. Last Insights on SFWL

Shengfeng Development Limited's recent performance was positively driven by a 16.0% year-over-year revenue growth, reaching $263.4 million for the six months ended June 30, 2025. This growth was fueled by deepened partnerships and expanded service offerings. The company's contract logistics business in China continues to gain traction, providing integrated logistics solutions to customers. The unaudited financial results highlight the company's ability to drive revenue growth through strategic partnerships and service expansion.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Shengfeng Development (NASDAQ:SFWL) Trading 2.7% Higher – Here’s Why

Dec -02

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Shengfeng Development Limited Announces Unaudited 2025 First Half Financial Results

Aug -27

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Shengfeng Development Limited Strengthens Strategic Alliance with CATL to Pioneer New Energy Logistics Solutions

Apr -22

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Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATL

Dec -18

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Shengfeng Development Limited Reports 107.8% Revenue Increase from China Post Services During 2024 Double 11 Shopping Festival

Nov -25

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Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services

Nov -18

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Shengfeng Development Limited Enters China's Low-Altitude Logistics Sector

Nov -11

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Shengfeng Development CEO Purchases 500,000 Class A Ordinary Shares in the Open Market

Oct -24

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.68%)

6. Segments

Transportation

Expected Growth: 4.5%

Growing demand for convenient travel solutions, increasing population density in Hong Kong, and government initiatives to promote public transportation are expected to drive the growth of Shengfeng Development Limited's transportation services.

Warehouse Storage Management Service

Expected Growth: 8.5%

Growing e-commerce demand, increasing need for efficient inventory management, and adoption of automation in warehouses drive the growth of warehouse storage management services.

Others

Expected Growth: 4.5%

The Others segment of Shengfeng Development Limited is expected to grow driven by increasing demand for diversified products and services, expansion into new markets, and strategic partnerships. The company's ability to innovate and adapt to changing market trends will also contribute to its growth.

7. Detailed Products

Real Estate Development

Shengfeng Development Limited develops and invests in residential and commercial properties, providing high-quality living and working spaces.

Property Management

The company offers comprehensive property management services, including maintenance, leasing, and asset management.

Construction Services

Shengfeng Development Limited provides construction services, including project management, design, and building.

Investment and Asset Management

The company invests in and manages a diversified portfolio of assets, including real estate, stocks, and bonds.

Hotel and Hospitality

Shengfeng Development Limited develops and operates luxury hotels, resorts, and serviced apartments.

8. Shengfeng Development Limited's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Shengfeng Development Limited is moderate due to the presence of alternative real estate developers in the market.

Bargaining Power Of Customers

The bargaining power of customers is low for Shengfeng Development Limited as the company has a strong brand reputation and a wide range of products and services.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate for Shengfeng Development Limited as the company relies on a few key suppliers for raw materials and services.

Threat Of New Entrants

The threat of new entrants is high for Shengfeng Development Limited due to the relatively low barriers to entry in the real estate development industry.

Intensity Of Rivalry

The intensity of rivalry is high for Shengfeng Development Limited due to the presence of several established competitors in the market.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 36.41%
Debt Cost 3.95%
Equity Weight 63.59%
Equity Cost -26.78%
WACC -15.59%
Leverage 57.26%

11. Quality Control: Shengfeng Development Limited passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Euro Tech Holdings

A-Score: 6.1/10

Value: 6.3

Growth: 6.0

Quality: 7.1

Yield: 5.0

Momentum: 5.0

Volatility: 7.3

1-Year Total Return ->

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Hargreaves Services

A-Score: 6.1/10

Value: 7.4

Growth: 5.0

Quality: 5.6

Yield: 6.9

Momentum: 8.5

Volatility: 3.3

1-Year Total Return ->

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STEF

A-Score: 5.4/10

Value: 6.5

Growth: 5.8

Quality: 2.4

Yield: 6.9

Momentum: 3.0

Volatility: 8.0

1-Year Total Return ->

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Freightos

A-Score: 5.3/10

Value: 6.9

Growth: 5.3

Quality: 4.5

Yield: 0.0

Momentum: 10.0

Volatility: 5.3

1-Year Total Return ->

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Shengfeng Development

A-Score: 5.2/10

Value: 8.0

Growth: 7.9

Quality: 4.9

Yield: 0.0

Momentum: 6.0

Volatility: 4.7

1-Year Total Return ->

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Jayud Global Logistics

A-Score: 3.5/10

Value: 7.8

Growth: 2.3

Quality: 4.6

Yield: 0.0

Momentum: 4.5

Volatility: 1.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.95$

Current Price

0.95$

Potential

0.00%

Expected Cash-Flows