Financials FinVolution Group

Equities

FINV

US31810T1016

Software

Market Closed - Nyse 21:00:02 26/04/2024 BST 5-day change 1st Jan Change
4.89 USD +0.82% Intraday chart for FinVolution Group +3.16% -0.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,662 5,309 8,874 9,757 9,742 9,208 - -
Enterprise Value (EV) 1 5,662 5,309 8,874 9,757 9,742 9,208 9,208 9,208
P/E ratio 2.41 x 2.64 x 3.7 x 4.39 x 4.17 x 3.85 x 3.24 x 2.91 x
Yield 0.92% 1.27% - - - 5.02% 5.75% 6.42%
Capitalization / Revenue 0.95 x 0.7 x 0.94 x 0.88 x 0.78 x 0.68 x 0.6 x 0.54 x
EV / Revenue 0.95 x 0.7 x 0.94 x 0.88 x 0.78 x 0.68 x 0.6 x 0.54 x
EV / EBITDA 2,061,717 x - 3,347,427 x - - - - -
EV / FCF -21.4 x - 15.4 x - - 3.19 x 4.42 x 2.6 x
FCF Yield -4.67% - 6.48% - - 31.4% 22.6% 38.5%
Price to Book 0.71 x 0.62 x 0.83 x - - 0.59 x 0.51 x 0.45 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 35.43 35.43 35.43
Announcement Date 19/03/20 11/03/21 14/03/22 14/03/23 18/03/24 - - -
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 13,611 15,343 17,018
EBITDA 2,746 - 2,651 - - - - -
EBIT 1 2,689 2,308 2,614 2,515 2,384 2,584 3,036 3,493
Operating Margin 45.09% 30.51% 27.6% 22.59% 19% 18.99% 19.79% 20.53%
Earnings before Tax (EBT) 1 2,856 2,424 2,736 2,736 2,779 2,906 3,537 3,799
Net income 1 2,373 1,973 2,509 2,266 2,341 2,499 2,961 3,281
Net margin 39.79% 26.08% 26.49% 20.36% 18.66% 18.36% 19.3% 19.28%
EPS 2 7.642 6.610 8.460 7.790 8.340 9.193 10.93 12.18
Free Cash Flow 1 -264.2 - 575 - - 2,889 2,085 3,546
FCF margin -4.43% - 6.07% - - 21.23% 13.59% 20.84%
FCF Conversion (EBITDA) - - 21.69% - - - - -
FCF Conversion (Net income) - - 22.92% - - 115.61% 70.42% 108.09%
Dividend per Share 2 0.1706 0.2208 - - - 1.779 2.036 2.276
Announcement Date 19/03/20 11/03/21 14/03/22 14/03/23 18/03/24 - - -
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
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 - - - - - - -
Announcement Date 14/03/22 31/05/22 22/08/22 14/11/22 17/05/23 28/08/23 20/11/23
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 - - 2,889 2,085 3,546
ROE (net income / shareholders' equity) 34.2% 24.2% 27.4% - - 17% 17% 16.1%
ROA (Net income/ Total Assets) - 11.9% 15.8% - - 10.9% 11% 10.8%
Assets 1 - 16,593 15,907 - - 22,921 26,800 30,264
Book Value Per Share 2 26.00 28.30 37.50 - - 60.00 69.20 79.00
Cash Flow per Share 2 -0.6900 1.480 2.130 - - 9.160 9.080 -
Capex 1 - - 55.3 - - 57 71 -
Capex / Sales - - 0.58% - - 0.42% 0.46% -
Announcement Date 19/03/20 11/03/21 14/03/22 14/03/23 18/03/24 - - -
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
35.43 CNY
Average target price
45.11 CNY
Spread / Average Target
+27.29%
Consensus
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