One-glance verdict
Undervalued
$1.03 our estimate vs market $0.30
71% below our estimate, below the bear case
Fundamentals snapshot
Smart Logistics Global Limited
SLGB · NCM · Industrials · Integrated Freight & Logistics
Current price
$0.30
52-week range
$0.28 - $6.08
Market cap
$13.45M
Balance sheet
Distressed
-11.88x Concerning
Net debt $2.09M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Free cash flow was positive in 3/10 years.
- Risk Net debt grew 553.5% over 3 years.
- Risk Return on equity was -14.7% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from 5.6% to -7.8% over 3 years.
What this company does
Smart Logistics Global Limited
Smart Logistics Global is a trucking company in China that moves raw materials like paper, steel, and coal for other businesses. The company makes money primarily from these transportation services but also from extras like truck parking and storage. This business is important because it's a key link in the supply chain (the entire journey of a product from raw materials to the customer) for essential industries.
How the company got here
Smart Logistics Global Limited was founded in 2017 and began its main operations in 2018, focusing on a specific niche in the shipping world. Instead of delivering packages to homes, it built its business by transporting large amounts of industrial raw materials for other companies within China. A key step was developing its own technology, a digital platform to manage its trucking network more efficiently. To fund further growth, the company held an initial public offering (IPO), which is when a private company first sells shares of stock to the public, listing on the Nasdaq stock exchange in October 2025.
What it actually does
Think of Smart Logistics Global as a specialized trucking service for big businesses in China. It operates in the business-to-business (B2B) sector, meaning its customers are other companies, not individual consumers. It focuses on what's called contract logistics, signing long-term agreements to move huge quantities of raw materials—like paper, steel, and coal—by road from one point to another. The company uses its own software to plan the best routes and manage the shipments, aiming to be a reliable and cost-effective part of its customers' supply chain (the entire process of making and selling goods, from securing raw materials to delivering the final product).
Contract Logistics
This is the company's main line of business and makes up the vast majority of its revenue (the total money it brings in from sales). Companies in heavy industries like papermaking, steel production, and coal pay Smart Logistics to handle the crucial task of transporting their raw materials across the country. These are typically large, ongoing contracts, which provides a steady stream of business. For example, a paper company might hire them to continuously move wood pulp from a supplier to their factory.
Value-Added Services
Beyond just moving goods, the company offers a handful of related services that support its main trucking operations. These include providing truck parking, temporary freight storage, and vehicle examination and maintenance services. They also sell tires and spare parts to other trucking operators. This part of the business is much smaller than the main logistics service but provides an additional way to make money from its physical locations and expertise in the trucking industry.
Merchandising and Trading
This is a new and growing part of the company's business, representing a shift from only moving goods for others to buying and selling materials themselves. In 2026, the company launched a platform for trading non-ferrous metals, like aluminum scrap. This means they are now also acting as a middleman or merchant in the raw materials market. This is a small but potentially fast-growing slice of the business, aiming to create a new source of income.
What management is betting on now
The company's leadership is focused on a strategy they call 'LIM', which stands for Logistics, Infrastructure, and Merchandising. They are investing in expanding their infrastructure (the physical foundation of the business) by building more logistics hubs and operations centers across China to create a stronger national network. They are also upgrading their logistics technology to make their operations smarter and more efficient. Finally, the move into merchandising, like the new metals trading platform, shows they are betting on becoming a more integrated supply chain company that doesn't just transport goods but also trades them.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$89.85M
Net income
$-2.60M
Diluted EPS
-0.06
Operating cash flow
$-5.81M
Free cash flow
$-5.86M
Fetching…
Sources
Is it cheap or expensive?
Fair value $1.03 vs current price $0.30
Our most-likely fair value is $1.03 a share — about 246.2% above today's price of $0.30, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Distressed
Net debt $2.1M. Interest coverage -11.9x.
Net debt
$2.09M
Interest coverage
-11.88x
Smart Logistics Global Limited's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here.
Distressed
Worse cushion
Baseline
Better cushion
SLGB
BASELINE
Smart Logistics Global Limited
Total debt $5.22M Interest coverage -11.88x This is the baseline the peer rows are being compared against.
Total debt $28.67B Interest coverage 7.74x This peer still has a real interest-payment cushion, while SLGB does not.
Total debt $42.94B Interest coverage 6.83x This peer still has a real interest-payment cushion, while SLGB does not.
Total debt $1.40B Interest coverage 11.50x This peer still has a real interest-payment cushion, while SLGB does not.
Total debt $1.97B Interest coverage 10.96x This peer still has a real interest-payment cushion, while SLGB does not.
What you should know
The case for and against SLGB
1 Reward
3 Risks
Rewards
-
Free cash flow was positive in 3/10 years.
Risks
-
Net debt grew 553.5% over 3 years.
-
Return on equity was -14.7% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from 5.6% to -7.8% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
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P/B
0.64x
P/S
0.02x
EV/EBITDA
-2.16x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
4.7%
Operating margin
-7.8%
Net margin
-2.9%
ROE
-14.7%
ROA
-4.8%
Health
Liquidity and balance-sheet strength
Debt / equity
0.26x
Current ratio
2.33x
Quick ratio
1.37x
Total debt
$5.22M
Total cash
$3.13M
Growth
How the business has been compounding
Revenue TTM
$89.85M
Revenue 5Y CAGR
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EPS TTM
-0.07
EPS 5Y CAGR
-37.2%
Cash flow
How much cash the business throws off
Operating CF TTM
$-5.81M
Free CF TTM
$-6.10M
FCF margin
-6.8%
Dividend
Shareholder payout
Yield
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Payout ratio
0.0%
Last ex-div date
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