Quality Investor

Scienjoy Holding Corporation

Rank #209Decline

SJ · Nasdaq · Communication Services

Scienjoy Holding Corporation (SJ) — Rank #209 by gross profitability (GP/assets 0.32) · ROE -95.4% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0001753673 · all metrics point-in-time as of the filing date.

About

Scienjoy Holding Corporation engages in the provision of mobile live streaming platforms in the People's Republic of China.

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The company focuses on interactive show live streaming from broadcasters to users. It owns and operates live streaming platforms under the Showself Live Streaming, Lehai Live Streaming, Haixiu Live Streaming, BeeLive Live Streaming Chinese, BeeLive International, and Hongle Live Streaming brand names. The company's platforms enable users to view and interact with broadcasters through online chat, virtual items, and playing games. It also offers multi-channel network (MCN) agency, technical development, and advisory services.

The company was founded in 2011 and is based in Hangzhou, the People's Republic of China.

Industry
Internet Content & Information
Sector
Communication Services
State
D8
Filer Category
Non-accelerated filer
Fiscal Year End
December 31

Price History

SJ-85.2% · -31.7% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E, P/B, and dividend yield matter most — book value provides a floor.

Market Cap

$29.93M

P/E (annual)

P/S (annual)

0.0

P/B

0.0

P/OCF (annual)

0.4

Shareholder Yield

-6.4%

Employees

303

Industry

Internet Content & Information

Exchange

Nasdaq

Signal Flags

2 yellow3 red
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why
Revenue declining YoYRevenue contracted year over year
Operating margin decliningOperating margin lower than prior year
Valuation convergenceEPS declining, shares diluting, and revenue growth decelerating simultaneously

Quality Profile

Profitability

1/1 pass
GP / assets
0.32
Return on equity
-95.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.20
Current ratio
3.60×
Net cash

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

0/2 pass
Revenue growth
-36.4%
Piotroski F-Score
N/A
Share dilution
6.4%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

-67.3%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 6.4% — per-share value needs a total required return of -60.9% once share-count change is priced in.

vs. own 6-year median revenue growth: 33.6%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-67.9%

r = 10% (base)

-67.3%

r = 12%

-66.7%

Base FCF: $69.7M3Y mean FCF: $90.8M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

N/A
0.4xmed 1.1x1.6x

P / S

Price / revenue per share

0.0xCheap
0.0xmed 0.1x0.2x

P / B

Price / book value per share

0.0xCheap
0.0xmed 0.3x3.0x

P / GP

Price / gross profit per share

0.2xCheap
0.2xmed 0.7x1.1x

P / FCF

Price / free cash flow per share

0.3xCheap
0.3xmed 1.1x2.6x

Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.32

Primary signal (Novy-Marx).

10th of 13 SIC 7374 peers

Return on equity

-95.4%

Gross margin

18.3%

13th of 13 SIC 7374 peers

Revenue growth (YoY)

-36.4%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2020202120222023
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.20

2nd of 11 SIC 7374 peers (best = lowest)

Current ratio

3.60×

3rd of 13 SIC 7374 peers

Quick ratio

3.37×

Net cash

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$69.68M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

1.12

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20182023
Hypergrowth
Op. Leverage
Decline