- The company is growing considerably faster than the market, and it is fine-tuning the business model of some of its businesses, like supply chain management and Store+.
- Margins are gradually expanding, and the company produced a small non-GAAP profit.
- It has a number of small new businesses that are growing very fast and could become significant over time.
- We are not surprised by the big valuation difference with competitor ZTO, given the differences in balance sheets, margins and cash generation, but still think the shares are fairly cheap.
BEST Inc. Is Poised For Further Growth
November 18th, 2019 · No Comments