Financials Qifu Technology, Inc.

Equities

QFIN

US88557W1018

Consumer Lending

Market Closed - Nasdaq 04:00:00 2024-05-23 pm EDT 5-day change 1st Jan Change
20.04 USD -2.00% Intraday chart for Qifu Technology, Inc. -3.98% +26.68%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,294 11,702 22,512 19,799 18,129 22,988 - -
Enterprise Value (EV) 1 10,294 7,470 16,793 12,726 18,129 18,195 21,806 25,154
P/E ratio - 3.37 x 4.05 x 5.62 x 4.31 x 4.87 x 4.28 x 3.67 x
Yield - - 2.35% 3.57% - 5.81% 6.5% 7.15%
Capitalization / Revenue 1.12 x 0.86 x 1.35 x 1.2 x 1.11 x 1.4 x 1.3 x 1.21 x
EV / Revenue 1.12 x 0.55 x 1.01 x 0.77 x 1.11 x 1.11 x 1.23 x 1.33 x
EV / EBITDA - - 2.45 x - - 3.28 x 3.73 x 3.69 x
EV / FCF - 1.41 x 2.91 x - - 3.35 x 6.82 x 6.46 x
FCF Yield - 71.1% 34.3% - - 29.8% 14.7% 15.5%
Price to Book 2.77 x 1.24 x 1.49 x 1.2 x - 0.9 x 0.78 x 0.66 x
Nbr of stocks (in thousands) 151,354 152,112 154,560 140,991 161,465 155,254 - -
Reference price 2 68.02 76.93 145.7 140.4 112.3 148.1 148.1 148.1
Announcement Date 3/30/20 3/15/21 3/10/22 3/9/23 3/12/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,220 13,564 16,636 16,554 16,290 16,407 17,742 18,978
EBITDA 1 - - 6,852 - - 5,543 5,849 6,808
EBIT 1 3,144 4,091 7,040 4,672 4,857 5,507 5,952 6,825
Operating Margin 34.1% 30.16% 42.32% 28.22% 29.82% 33.57% 33.55% 35.96%
Earnings before Tax (EBT) 1 2,967 4,082 7,023 4,742 5,277 5,720 6,350 7,073
Net income 1 2,502 3,497 5,782 4,024 4,285 4,673 5,205 5,778
Net margin 27.13% 25.78% 34.76% 24.31% 26.31% 28.48% 29.34% 30.44%
EPS 2 - 22.80 35.98 25.00 26.08 30.37 34.58 40.33
Free Cash Flow 1 - 5,311 5,764 - - 5,426 3,200 3,894
FCF margin - 39.15% 34.65% - - 33.07% 18.03% 20.52%
FCF Conversion (EBITDA) - - 84.13% - - 97.9% 54.7% 57.2%
FCF Conversion (Net income) - 151.88% 99.7% - - 116.11% 61.47% 67.4%
Dividend per Share 2 - - 3.423 5.014 - 8.596 9.619 10.59
Announcement Date 3/30/20 3/15/21 3/10/22 3/9/23 3/12/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 4,613 4,422 - - 4,144 3,907 3,599 3,914 4,281 4,496 - - - - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1,894 - 1,359 1,011 1,158 995.2 1,007 1,182 1,389 1,280 - - - - -
Operating Margin 41.05% - - - 27.95% 25.48% 27.98% 30.18% 32.44% 28.46% - - - - -
Earnings before Tax (EBT) 1,923 - 1,391 1,155 1,172 1,025 1,102 1,366 1,478 1,331 - - - - -
Net income 1,564 1,323 1,179 - 992.8 872 934.1 1,097 1,142 1,112 - - - - -
Net margin 33.91% 29.91% - - 23.96% 22.32% 25.95% 28.04% 26.68% 24.73% - - - - -
EPS 1 9.740 8.220 7.360 6.120 6.180 5.380 5.640 6.640 6.940 6.880 7.300 7.640 7.920 8.070 8.380
Dividend per Share 0.8936 - 1.464 1.222 1.145 1.114 - 3.639 - - - 4.309 - 4.313 -
Announcement Date 11/15/21 3/10/22 5/24/22 8/18/22 11/13/22 3/9/23 5/18/23 8/21/23 11/16/23 3/12/24 5/19/24 - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - 2,166
Net Cash position 1 - 4,232 5,719 7,073 - 4,793 1,182 -
Leverage (Debt/EBITDA) - - - - - - - 0.3181 x
Free Cash Flow 1 - 5,311 5,764 - - 5,426 3,200 3,894
ROE (net income / shareholders' equity) 42.9% 41.9% 46.8% 23.6% - 20% 19.5% 18.5%
ROA (Net income/ Total Assets) 18.1% 15.6% 20% 10.9% - 9.96% 10.2% 10.9%
Assets 1 13,852 22,371 28,946 36,924 - 46,897 50,841 52,978
Book Value Per Share 2 24.60 62.30 97.90 117.0 - 164.0 190.0 225.0
Cash Flow per Share 2 - - 18.00 36.80 - 27.30 26.80 33.60
Capex 1 - 15.3 25.3 - - 138 220 -
Capex / Sales - 0.11% 0.15% - - 0.84% 1.24% -
Announcement Date 3/30/20 3/15/21 3/10/22 3/9/23 3/12/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
148.1 CNY
Average target price
182.3 CNY
Spread / Average Target
+23.12%
Consensus
  1. Stock Market
  2. Equities
  3. QFIN Stock
  4. Financials Qifu Technology, Inc.