WallStSmart

HealthEquity Inc (HQY)vsSo-Young International Inc (SY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

So-Young International Inc generates 9% more annual revenue ($1.43B vs $1.31B). HQY leads profitability with a 16.4% profit margin vs -51.7%. HQY earns a higher WallStSmart Score of 68/100 (B-).

HQY

Strong Buy

68

out of 100

Grade: B-

Growth: 8.0Profit: 7.0Value: 10.0Quality: 6.5
Piotroski: 4/9

SY

Avoid

34

out of 100

Grade: F

Growth: 4.0Profit: 2.0Value: 5.0Quality: 7.0
Piotroski: 2/9Altman Z: 1.97
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HQYUndervalued (+33.2%)

Margin of Safety

+33.2%

Fair Value

$115.13

Current Price

$82.47

$32.66 discount

UndervaluedFair: $115.13Overvalued

Intrinsic value data unavailable for SY.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HQY3 strengths · Avg: 8.7/10
EPS GrowthGrowth
92.4%10/10

Earnings expanding 92.4% YoY

PEG RatioValuation
0.898/10

Growing faster than its price suggests

Operating MarginProfitability
21.6%8/10

Strong operational efficiency at 21.6%

SY2 strengths · Avg: 9.5/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.169/10

Conservative balance sheet, low leverage

Areas to Watch

HQY1 concerns · Avg: 4.0/10
P/E RatioValuation
33.4x4/10

Premium valuation, high expectations priced in

SY4 concerns · Avg: 3.5/10
Revenue GrowthGrowth
4.0%4/10

4.0% revenue growth

Altman Z-ScoreHealth
1.974/10

Grey zone — moderate risk

Market CapQuality
$289.95M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : HQY

The strongest argument for HQY centers on EPS Growth, PEG Ratio, Operating Margin. Profitability is solid with margins at 16.4% and operating margin at 21.6%. PEG of 0.89 suggests the stock is reasonably priced for its growth.

Bull Case : SY

The strongest argument for SY centers on Price/Book, Debt/Equity.

Bear Case : HQY

The primary concerns for HQY are P/E Ratio.

Bear Case : SY

The primary concerns for SY are Revenue Growth, Altman Z-Score, Market Cap.

Key Dynamics to Monitor

HQY profiles as a mature stock while SY is a turnaround play — different risk/reward profiles.

SY carries more volatility with a beta of 2.16 — expect wider price swings.

HQY is growing revenue faster at 7.3% — sustainability is the question.

Monitor HEALTH INFORMATION SERVICES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HQY scores higher overall (68/100 vs 34/100), backed by strong 16.4% margins. Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

HealthEquity Inc

HEALTHCARE · HEALTH INFORMATION SERVICES · USA

HealthEquity, Inc. provides technology-enabled service platforms to consumers and employers in the United States. The company is headquartered in Draper, Utah.

So-Young International Inc

HEALTHCARE · HEALTH INFORMATION SERVICES · China

So-Young International Inc. operates an online platform for consumer health and medical aesthetic services that focuses on discretionary medical treatments.

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