FINVOLUTION GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.89 USD | +0.82% |
|
+3.16% | -0.20% |
| Mar. 28 | FinVolution Receives $5.3 Million In Financing From SeaBank Philippines | MT |
| Mar. 20 | Nomura Adjusts FinVolution Group Price Target to $5.92 From $6.03, Maintains Buy Rating | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,441 | 5,662 | 5,309 | 8,874 | 9,757 | 9,208 | 9,208 | - |
| Enterprise Value (EV) 1 | 5,824 | 5,662 | 5,309 | 8,874 | 9,757 | 9,742 | 9,208 | 9,208 |
| P/E ratio | 3.21 x | 2.41 x | 2.64 x | 3.7 x | 4.39 x | 4.17 x | 3.85 x | 3.24 x |
| Yield | - | 0.92% | 1.27% | - | - | 4.5% | 5.02% | 5.75% |
| Capitalization / Revenue | 1.71 x | 0.95 x | 0.7 x | 0.94 x | 0.88 x | 0.78 x | 0.68 x | 0.6 x |
| EV / Revenue | 1.71 x | 0.95 x | 0.7 x | 0.94 x | 0.88 x | 0.78 x | 0.68 x | 0.6 x |
| EV / EBITDA | 3.98 x | 2.06 x | - | 3.35 x | - | 3.48 x | - | - |
| EV / FCF | 4.13 x | -21.4 x | - | 15.4 x | - | 5.54 x | 3.19 x | 4.42 x |
| FCF Yield | 24.2% | -4.67% | - | 6.48% | - | 18.1% | 31.4% | 22.6% |
| Price to Book | 2.05 x | 0.71 x | 0.62 x | 0.83 x | - | 0.69 x | 0.59 x | 0.51 x |
| Nbr of stocks (in thousands) | 300,614 | 306,924 | 304,730 | 283,376 | 285,204 | 259,845 | 259,845 | - |
| Reference price 2 | 24.75 | 18.45 | 17.42 | 31.32 | 34.21 | 35.43 | 35.43 | 35.43 |
| Announcement Date | 3/14/19 | 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,351 | 5,963 | 7,563 | 9,470 | 11,134 | 12,547 | 13,611 | 15,343 |
| EBITDA 1 | 1,870 | 2,746 | - | 2,651 | - | 2,648 | - | - |
| EBIT 1 | 1,828 | 2,689 | 2,308 | 2,614 | 2,515 | 2,384 | 2,584 | 3,036 |
| Operating Margin | 42.02% | 45.09% | 30.51% | 27.6% | 22.59% | 19% | 18.99% | 19.79% |
| Earnings before Tax (EBT) 1 | 2,621 | 2,856 | 2,424 | 2,736 | 2,736 | 2,779 | 2,906 | 3,537 |
| Net income 1 | 2,469 | 2,373 | 1,973 | 2,509 | 2,266 | 2,341 | 2,499 | 2,961 |
| Net margin | 56.75% | 39.79% | 26.08% | 26.49% | 20.36% | 18.66% | 18.36% | 19.3% |
| EPS 2 | 7.718 | 7.642 | 6.610 | 8.460 | 7.790 | 8.340 | 9.193 | 10.93 |
| Free Cash Flow 1 | 1,801 | -264.2 | - | 575 | - | 1,664 | 2,889 | 2,085 |
| FCF margin | 41.4% | -4.43% | - | 6.07% | - | 13.06% | 21.23% | 13.59% |
| FCF Conversion (EBITDA) | 96.31% | - | - | 21.69% | - | 62.81% | - | - |
| FCF Conversion (Net income) | 72.96% | - | - | 22.92% | - | 69.58% | 115.61% | 70.42% |
| Dividend per Share 2 | - | 0.1706 | 0.2208 | - | - | 1.595 | 1.779 | 2.036 |
| Announcement Date | 3/14/19 | 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 | 2023 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 | - | - | - | - | - | - | - | 1.887 |
| 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 1,616 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,801 | -264 | - | 575 | - | 1,664 | 2,889 | 2,085 |
| ROE (net income / shareholders' equity) | 51.7% | 34.2% | 24.2% | 27.4% | - | 18.4% | 17% | 17% |
| ROA (Net income/ Total Assets) | 22.7% | - | 11.9% | 15.8% | - | 10.9% | 10.9% | 11% |
| Assets 1 | 10,873 | - | 16,593 | 15,907 | - | 21,975 | 22,921 | 26,800 |
| Book Value Per Share 2 | 12.10 | 26.00 | 28.30 | 37.50 | - | 51.30 | 60.00 | 69.20 |
| Cash Flow per Share 2 | 1.180 | -0.6900 | 1.480 | 2.130 | - | 9.960 | 9.160 | 9.080 |
| Capex 1 | 83.6 | - | - | 55.3 | - | 56 | 57 | 71 |
| Capex / Sales | 1.92% | - | - | 0.58% | - | 0.44% | 0.42% | 0.46% |
| Announcement Date | 3/14/19 | 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-
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
35.43
CNY
Average target price
45.11
CNY
Spread / Average Target
+27.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.20% | 1.27B | |
| +27.09% | 24.31B | |
| +9.94% | 2.63B | |
| -20.45% | 1.91B | |
| +80.82% | 1.86B | |
| +7.97% | 1.36B | |
| -50.86% | 1.51B | |
| -18.38% | 1.25B | |
| +15.94% | 1.13B | |
| -16.12% | 1.09B |
- Stock Market
- Equities
- FINV Stock
- Financials FinVolution Group
