LEXINFINTECH HOLDINGS LTD. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.845 USD | +0.82% |
|
-4.91% | 0.00% |
| 04:00am | Transcript : LexinFintech Holdings Ltd., Q1 2024 Earnings Call, May 23, 2024 | |
| 01:00am | LexinFintech Holdings Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,282 | 7,856 | 4,464 | 2,416 | 2,129 | 2,179 | - | - |
| Enterprise Value (EV) 1 | 23,426 | 10,209 | 3,446 | 2,416 | 2,129 | -421.1 | -862.1 | -1,366 |
| P/E ratio | 7.87 x | 14 x | 2.14 x | 2.97 x | 2.06 x | 1.55 x | 1.34 x | 1.22 x |
| Yield | - | - | - | - | - | 12.9% | 15.2% | 18.5% |
| Capitalization / Revenue | 1.63 x | 0.67 x | 0.39 x | 0.24 x | 0.16 x | 0.16 x | 0.15 x | 0.14 x |
| EV / Revenue | 2.21 x | 0.88 x | 0.3 x | 0.24 x | 0.16 x | -0.03 x | -0.06 x | -0.09 x |
| EV / EBITDA | 8.05 x | 9.48 x | 1.11 x | - | - | -0.18 x | -0.32 x | - |
| EV / FCF | -28,280,081 x | -34,307,033 x | 1,353,585 x | 24,446,198 x | - | - | - | - |
| FCF Yield | -0% | -0% | 0% | 0% | - | - | - | - |
| Price to Book | 5.21 x | 1.45 x | 0.56 x | - | - | 0.2 x | 0.17 x | 0.16 x |
| Nbr of stocks (in thousands) | 178,718 | 179,709 | 182,042 | 184,389 | 163,028 | 164,413 | - | - |
| Reference price 2 | 96.70 | 43.72 | 24.52 | 13.10 | 13.06 | 13.25 | 13.25 | 13.25 |
| Announcement Date | 3/24/20 | 3/19/21 | 3/15/22 | 3/13/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,604 | 11,645 | 11,381 | 9,866 | 13,057 | 13,733 | 14,721 | 15,849 |
| EBITDA 1 | 2,911 | 1,077 | 3,115 | - | - | 2,321 | 2,663 | - |
| EBIT 1 | 2,871 | 1,023 | 3,025 | 1,274 | 1,798 | 1,918 | 2,302 | 2,157 |
| Operating Margin | 27.07% | 8.79% | 26.58% | 12.92% | 13.77% | 13.97% | 15.63% | 13.61% |
| Earnings before Tax (EBT) 1 | 2,707 | 685.6 | 2,770 | 1,029 | 1,327 | 1,613 | 1,816 | 1,975 |
| Net income 1 | 2,295 | 595 | 2,334 | 819.8 | 1,066 | 1,302 | 1,495 | 1,571 |
| Net margin | 21.64% | 5.11% | 20.51% | 8.31% | 8.16% | 9.48% | 10.16% | 9.91% |
| EPS 2 | 12.29 | 3.130 | 11.46 | 4.410 | 6.340 | 8.570 | 9.896 | 10.83 |
| Free Cash Flow | -828.4 | -297.6 | 2,546 | 98.84 | - | - | - | - |
| FCF margin | -7.81% | -2.56% | 22.37% | 1% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | 81.72% | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | 109.07% | 12.06% | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | 1.710 | 2.014 | 2.446 |
| Announcement Date | 3/24/20 | 3/19/21 | 3/15/22 | 3/13/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 2,199 | - | 2,413 | - | - | 3,509 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | 164.8 | - | - | 370.6 | - | - | - | - |
| Net margin | - | - | - | 6.83% | - | - | 10.56% | - | - | - | - |
| EPS | 2.860 | 1.290 | 0.4200 | - | - | - | - | - | - | - | - |
| Dividend per Share 1 | - | - | - | - | - | - | - | - | 0.7303 | - | 1.170 |
| Announcement Date | 11/10/21 | 3/15/22 | 5/31/22 | 8/17/22 | 12/13/22 | 6/20/23 | 11/22/23 | - | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,145 | 2,353 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 1,017 | - | - | 2,600 | 3,041 | 3,545 |
| Leverage (Debt/EBITDA) | 2.111 x | 2.186 x | - | - | - | - | - | - |
| Free Cash Flow | -828 | -298 | 2,546 | 98.8 | - | - | - | - |
| ROE (net income / shareholders' equity) | 42.9% | 9.84% | 34.5% | 9.81% | 16.2% | 13.5% | 13.5% | 13.4% |
| ROA (Net income/ Total Assets) | 14.5% | 4.56% | 12.5% | 3.74% | 6.47% | 5.88% | 6.16% | 6.87% |
| Assets 1 | 15,853 | 13,042 | 18,729 | 21,899 | 16,473 | 22,160 | 24,292 | 22,876 |
| Book Value Per Share 2 | 18.60 | 30.20 | 43.70 | - | - | 66.90 | 75.80 | 85.30 |
| Cash Flow per Share 2 | -4.140 | 25.50 | 20.10 | - | - | 8.650 | 7.320 | - |
| Capex 1 | 49.9 | 86.6 | 122 | - | - | 148 | 160 | - |
| Capex / Sales | 0.47% | 0.74% | 1.07% | - | - | 1.08% | 1.09% | - |
| Announcement Date | 3/24/20 | 3/19/21 | 3/15/22 | 3/13/23 | 3/20/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
13.25
CNY
Average target price
17.07
CNY
Spread / Average Target
+28.81%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.54% | 301M | |
| +8.00% | 4.54B | |
| +8.78% | 2.1B | |
| -2.43% | 1.14B | |
| +19.18% | 812M | |
| +14.75% | 602M | |
| -.--% | 294M | |
| +3.04% | 241M | |
| +89.72% | 257M | |
| +1.91% | 183M |
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