Financials FinVolution Group

Equities

FINV

US31810T1016

Software

Market Closed - Nyse 04:00:02 2024-05-24 pm EDT Pre-market 08:10:04 am
4.8 USD +1.27% Intraday chart for FinVolution Group 4.79 -0.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,662 5,309 8,874 9,757 9,742 9,033 - -
Enterprise Value (EV) 1 5,662 5,309 8,874 9,757 9,742 9,033 9,033 9,033
P/E ratio 2.41 x 2.64 x 3.7 x 4.39 x 4.17 x 3.82 x 3.21 x 2.89 x
Yield 0.92% 1.27% - - - 5.09% 5.85% 6.75%
Capitalization / Revenue 0.95 x 0.7 x 0.94 x 0.88 x 0.78 x 0.67 x 0.6 x 0.55 x
EV / Revenue 0.95 x 0.7 x 0.94 x 0.88 x 0.78 x 0.67 x 0.6 x 0.55 x
EV / EBITDA 2,061,717 x - 3,347,427 x - - - - -
EV / FCF -21.4 x - 15.4 x - 11.1 x 3.13 x 4.33 x 2.55 x
FCF Yield -4.67% - 6.48% - 8.99% 32% 23.1% 39.3%
Price to Book 0.71 x 0.62 x 0.83 x - - 0.58 x 0.5 x 0.44 x
Nbr of stocks (in thousands) 306,924 304,730 283,376 285,204 280,119 259,845 - -
Reference price 2 18.45 17.42 31.32 34.21 34.78 34.76 34.76 34.76
Announcement Date 3/19/20 3/11/21 3/14/22 3/14/23 3/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,963 7,563 9,470 11,134 12,547 13,517 15,036 16,474
EBITDA 2,746 - 2,651 - - - - -
EBIT 1 2,689 2,308 2,614 2,515 2,384 2,773 3,184 3,535
Operating Margin 45.09% 30.51% 27.6% 22.59% 19% 20.52% 21.17% 21.46%
Earnings before Tax (EBT) 1 2,856 2,424 2,736 2,736 2,779 2,916 3,488 3,800
Net income 1 2,373 1,973 2,509 2,266 2,341 2,484 2,905 3,211
Net margin 39.79% 26.08% 26.49% 20.36% 18.66% 18.38% 19.32% 19.49%
EPS 2 7.642 6.610 8.460 7.790 8.340 9.101 10.84 12.02
Free Cash Flow 1 -264.2 - 575 - 875.3 2,889 2,085 3,546
FCF margin -4.43% - 6.07% - 6.98% 21.37% 13.87% 21.53%
FCF Conversion (EBITDA) - - 21.69% - - - - -
FCF Conversion (Net income) - - 22.92% - 37.39% 116.3% 71.77% 110.44%
Dividend per Share 2 0.1706 0.2208 - - - 1.771 2.033 2.346
Announcement Date 3/19/20 3/11/21 3/14/22 3/14/23 3/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2024 Q2 2024 Q3 2024 Q4
Net sales - - 2,666 2,525 - - - - - -
EBITDA - - - - - - - - - -
EBIT - - - - - - - - - -
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income 655.9 534.7 - 599 695.9 554.4 - - - -
Net margin - - - 23.72% - - - - - -
EPS 2.210 1.810 - - 0.4800 0.3900 - - - -
Dividend per Share 1 - - - - - - - - - 2.127
Announcement Date 3/14/22 5/31/22 8/22/22 11/14/22 5/17/23 8/28/23 11/20/23 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -264 - 575 - 875 2,889 2,085 3,546
ROE (net income / shareholders' equity) 34.2% 24.2% 27.4% - 17.9% 16.9% 17.1% 16.3%
ROA (Net income/ Total Assets) - 11.9% 15.8% - 11% 10.9% 11% 10.8%
Assets 1 - 16,593 15,907 - 21,339 22,785 26,357 29,621
Book Value Per Share 2 26.00 28.30 37.50 - - 59.60 68.90 79.20
Cash Flow per Share 2 -0.6900 1.480 2.130 - - 7.300 7.910 -
Capex 1 - - 55.3 - 538 57 71 -
Capex / Sales - - 0.58% - 4.29% 0.42% 0.47% -
Announcement Date 3/19/20 3/11/21 3/14/22 3/14/23 3/18/24 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
34.76 CNY
Average target price
45.33 CNY
Spread / Average Target
+30.38%
Consensus
  1. Stock Market
  2. Equities
  3. FINV Stock
  4. Financials FinVolution Group