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STO Express is one of the “Tongdas,” which refers to the top four national express delivery companies that adopt the network partner model. Tongdas provide line-haul transportation, sorting, and waybill services to its network partners for fees, while its local network partners provide first-mile pickup and last-mile delivery services under the Tongdas’ brands and collect the payments. STO was founded in 1993 by Nie Tengfei, who passed away in 1998. His widow Chen Xiaoying’s brother, Chen Dejun is now the chairman. The family held over 34% of the company as of Sept. 30, 2024. STO’s strategic shareholder is Cainiao Smart Logistics Network, with a 25% stake. Alibaba can exercise its share options to purchase additional 21% of STO from the family before Dec. 27, 2025, at CNY 16.50 per share.
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STO Express has a last 12-month revenue of $6.8B and a last 12-month EBITDA of $472M.
In the most recent fiscal year, STO Express achieved revenue of $5.6B and an EBITDA of $305M.
STO Express expects next 12-month revenue of XXX and NTM EBITDA of XXX
See STO Express valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $5.6B | $6.5B | XXX | XXX | XXX |
| Gross Profit | $81.0M | $203M | XXX | XXX | XXX |
| Gross Margin | 1% | 3% | XXX | XXX | XXX |
| EBITDA | $305M | $448M | XXX | XXX | XXX |
| EBITDA Margin | 5% | 7% | XXX | XXX | XXX |
| Net Profit | -$125M | $39.6M | XXX | XXX | XXX |
| Net Margin | -2% | 1% | XXX | XXX | XXX |
| Net Debt | $359M | $64.9M | XXX | XXX | XXX |
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As of April 15, 2025, STO Express's stock price is CNY 12 (or $2).
STO Express has current market cap of CNY 17.6B (or $2.4B), and EV of CNY 23.5B (or $3.2B).
See STO Express trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.2B | $2.4B | XXX | XXX | XXX | XXX | $0.09 |
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Sign UpAs of April 15, 2025, STO Express has market cap of $2.4B and EV of $3.2B.
STO Express's trades at 0.5x LTM EV/Revenue multiple, and 6.9x LTM EBITDA.
Analysts estimate STO Express's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for STO Express and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $3.2B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.2x | XXX | XXX | XXX |
| P/E | 18.6x | XXX | XXX | XXX |
| P/E/Growth | 0.7x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSTO Express's NTM/LTM revenue growth is 15%
STO Express's revenue per employee for the last fiscal year averaged n/a, while opex per employee averaged n/a for the same period.
Over next 12 months, STO Express's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate STO Express's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for STO Express and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 47% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 21% | XXX | XXX | XXX | XXX |
| Revenue per Employee | n/a | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 2% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ferrari Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Inpost | XXX | XXX | XXX | XXX | XXX | XXX |
| PostNL | XXX | XXX | XXX | XXX | XXX | XXX |
| Toppoint | XXX | XXX | XXX | XXX | XXX | XXX |
| Brambles | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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STO Express acquired XXX companies to date.
Last acquisition by STO Express was XXXXXXXX, XXXXX XXXXX XXXXXX . STO Express acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was STO Express founded? | STO Express was founded in 1993. |
| Where is STO Express headquartered? | STO Express is headquartered in China. |
| Is STO Express publicy listed? | Yes, STO Express is a public company listed on SHE. |
| What is the stock symbol of STO Express? | STO Express trades under 002468 ticker. |
| When did STO Express go public? | STO Express went public in 2010. |
| Who are competitors of STO Express? | Similar companies to STO Express include e.g. Ferrari Group, Inpost, PostNL, Toppoint. |
| What is the current market cap of STO Express? | STO Express's current market cap is $2.4B |
| What is the current revenue of STO Express? | STO Express's last 12-month revenue is $6.8B. |
| What is the current EBITDA of STO Express? | STO Express's last 12-month EBITDA is $472M. |
| What is the current EV/Revenue multiple of STO Express? | Current revenue multiple of STO Express is 0.5x. |
| What is the current EV/EBITDA multiple of STO Express? | Current EBITDA multiple of STO Express is 6.9x. |
| What is the current revenue growth of STO Express? | STO Express revenue growth between 2023 and 2024 was 16%. |
| Is STO Express profitable? | Yes, STO Express is EBITDA-positive (as of the last 12 months). |
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