Latest Ratios: P/E Ratio 1.3x · EV/EBITDA -2.1x · ROE 10.7%. (2017–2022 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Market Cap | $21M | — | — | — | — | — | — |
| Enterprise Value | $-79459950 | — | — | — | — | — | — |
| P/E Ratio → | 1.25 | — | — | — | — | — | — |
| P/S Ratio | 0.07 | — | — | — | — | — | — |
| P/B Ratio | 0.12 | — | — | — | — | — | — |
| P/FCF | 0.29 | — | — | — | — | — | — |
| P/OCF | 0.28 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — |
| EV / EBITDA | -2.14 | — | — | — | — | — | — |
| EV / EBIT | -2.73 | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 41.2% | 41.2% | 45.7% | 45.3% | 44.8% | 45.5% | 51.2% |
| Operating Margin | 9.4% | 9.4% | 16.8% | 15.4% | 12.4% | 9.6% | 8.0% |
| Net Profit Margin | 5.7% | 5.7% | 12.1% | 11.3% | 8.3% | 5.4% | 3.7% |
| Metric | TTM | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 10.7% | 27.4% | 34.0% | 23.8% | 14.0% | 8.6% |
| ROA | 5.8% | 5.8% | 14.2% | 16.3% | 11.4% | 7.7% | 5.5% |
| ROIC | 28.6% | 28.6% | 64.7% | 62.7% | 30.9% | 19.1% | 14.4% |
| ROCE | 16.7% | 16.7% | 37.6% | 44.8% | 32.8% | 22.3% | 17.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.00 | — | — | 0.02 | 0.01 |
| Debt / EBITDA | 0.73 | 0.73 | 0.01 | — | — | 0.05 | 0.03 |
| Net Debt / Equity | — | -0.55 | -0.52 | -0.61 | -0.22 | -0.03 | -0.02 |
| Net Debt / EBITDA | -2.72 | -2.72 | -1.47 | -1.43 | -0.58 | -0.07 | -0.06 |
| Debt / FCF | — | -1.36 | — | -1.38 | -0.90 | -0.09 | -0.04 |
| Interest Coverage | — | — | — | — | — | — | — |
Net cash position: cash ($869M) exceeds total debt ($184M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.46 | 1.46 | 1.72 | 1.86 | 1.90 | 1.96 | 3.03 |
| Quick Ratio | 1.46 | 1.46 | 1.49 | 1.47 | 1.66 | 1.96 | 3.03 |
| Cash Ratio | 0.89 | 0.89 | 0.67 | 0.55 | 0.22 | 0.04 | 0.05 |
| Asset Turnover | — | 0.88 | 1.09 | 1.20 | 1.25 | 1.37 | 1.51 |
| Inventory Turnover | — | — | 5.95 | 3.26 | 5.82 | — | — |
| Days Sales Outstanding | — | 78.28 | 118.49 | 143.29 | 206.09 | 190.89 | 185.89 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 79.9% | — | — | — | — | — | — |
| FCF Yield | 100.0% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — |
| Shares Outstanding | — | $14M | $14M | $13M | $14M | $14M | $14M |
Legacy liability execution risk
Based on reported figures, Santech Holdings Limited trades at a P/S ratio of 0.07 and a P/E of 1.25, suggesting that the market is heavily discounting the firm's transition from wealth management to technology, likely pricing in significant execution risk and potential legacy liabilities from the Hywin era.
The extremely low valuation multiples imply that investors are skeptical of the company's ability to successfully monetize its new retail and metaverse initiatives. This pricing suggests the market views the current revenue base as transitory rather than a foundation for sustainable long-term growth.
As reported in financial statements, the company maintains a 41.16% gross margin, which appears to be a structural byproduct of its platform-based service model, though the 9.44% operating margin suggests that administrative overhead remains elevated due to the ongoing costs of the corporate rebranding and restructuring effort.
The disparity between gross and operating margins indicates that while the core service offering retains value, the firm is currently burdened by the high costs of pivoting its business model. Investors should monitor whether these operating expenses normalize as the company moves past the initial phase of its technology-focused transformation.
According to recent SEC filings, Santech Holdings Limited maintains a very low debt-to-equity ratio of 0.15%, providing a significant financial buffer that allows management to navigate the radical business model transformation without the immediate pressure of debt service obligations in a volatile Chinese regulatory environment.
This conservative capital structure is a critical asset, as it insulates the company from interest rate fluctuations and provides the necessary liquidity to fund R&D and personnel costs. The lack of leverage suggests that the firm is prioritizing balance sheet stability over aggressive, debt-fueled expansion during this pivot.
Based on the company's reported figures, the P/E ratio of 1.25 is a highly misapplied metric for this business model, as it fails to account for the massive $868M cash pile and the potential for significant non-recurring legacy liabilities that could distort current earnings and valuation.
Using a P/E ratio in this context obscures the true value of the company's liquid assets and ignores the impact of the ongoing corporate restructuring. Analysts should instead focus on a cash-adjusted valuation or a sum-of-the-parts analysis to better understand the firm's underlying worth beyond its current earnings profile.
Includes 30+ ratios · 6 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying STEC stock.
Santech Holdings Limited's current P/E ratio is 1.3x. This places it at the 50th percentile of its historical range.
Santech Holdings Limited's current EV/EBITDA is -2.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Santech Holdings Limited's return on equity (ROE) is 10.7%. The historical average is 19.8%.
Based on historical data, Santech Holdings Limited is trading at a P/E of 1.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Santech Holdings Limited has 41.2% gross margin and 9.4% operating margin.
Santech Holdings Limited's Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.