111, Inc. (YI) intrinsic value & 10-year financials
111, Inc. (YI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 34.5% a year to CNY 12.6B, with an average return on invested capital of 84.0%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- CNY 12.6B
- Revenue growth (10-yr CAGR)
- 34.5%
- ROIC (10-yr avg)
- 84.0%
- Free cash flow (FY2025)
- CNY 114.7M
YI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | CNY 12.6B | -CNY 22.5M | -CNY 0.38 | CNY 114.7M | -0.0% | 0.3% |
| FY2024 | CNY 14.4B | -CNY 20.8M | -CNY 0.38 | CNY 247.8M | 0.0% | -0.3% |
| FY2023 | CNY 14.9B | -CNY 353.4M | -CNY 2.33 | -CNY 457.1M | -2.3% | 43.9% |
| FY2022 | CNY 13.5B | -CNY 376.1M | -CNY 2.50 | -CNY 54.7M | -2.7% | 60.9% |
| FY2021 | CNY 12.4B | -CNY 621.0M | -CNY 4.04 | -CNY 751.4M | -5.2% | 135.2% |
| FY2020 | CNY 8.2B | -CNY 467.1M | -CNY 2.77 | -CNY 142.3M | -5.8% | 490.2% |
| FY2019 | CNY 4.0B | -CNY 501.8M | -CNY 3.05 | -CNY 532.4M | -12.5% | -142.0% |
| FY2018 | CNY 1.8B | -CNY 382.0M | — | -CNY 357.5M | -22.4% | — |
| FY2017 | CNY 959.5M | -CNY 249.3M | — | -CNY 211.2M | -26.5% | — |
| FY2016 | CNY 873.8M | -CNY 363.4M | — | -CNY 394.0M | -41.7% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in CNY.
Executive summary
111, Inc. is a consistent compounder, expanding top-line revenue at 34.5% annually over the past decade.
111, Inc. returns on capital have been average, hovering around 14.7% ROIC over the decade.
111, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, 111, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-12.62 per share.