YIREN DIGITAL LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.08 USD | +0.79% |
|
+5.18% | +62.82% |
| 03-21 | Transcript : Yiren Digital Ltd., Q4 2023 Earnings Call, Mar 21, 2024 | |
| 03-21 | Yiren Digital Ltd. Provides Earnings Guidance for the Full Year of 2024 | CI |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 17,107 | 4,487 | 3,641 | 2,023 | 1,526 | 806.4 |
| Enterprise Value (EV) 1 | 15,250 | 2,673 | 744.3 | 447.9 | -111.7 | -2,627 |
| P/E ratio | 12.7 x | 4.75 x | 3.12 x | -2.84 x | 1.5 x | 0.69 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 3.09 x | 0.8 x | 0.42 x | 0.51 x | 0.34 x | 0.23 x |
| EV / Revenue | 2.75 x | 0.48 x | 0.09 x | 0.11 x | -0.02 x | -0.76 x |
| EV / EBITDA | 8.96 x | 1.36 x | 0.59 x | 9.96 x | -0.08 x | -1.75 x |
| EV / FCF | 83.6 x | 2.87 x | -0.3 x | 0.4 x | 0.46 x | -1.09 x |
| FCF Yield | 1.2% | 34.8% | -335% | 250% | 217% | -92.1% |
| Price to Book | 5.84 x | 0.89 x | 0.8 x | 0.48 x | 0.32 x | 0.14 x |
| Nbr of stocks (in thousands) | 59,798 | 60,705 | 94,247 | 92,807 | 83,984 | 85,341 |
| Reference price 2 | 286.1 | 73.91 | 38.64 | 21.79 | 18.17 | 9.449 |
| Announcement Date | 30/04/18 | 29/04/19 | 15/05/20 | 29/04/21 | 21/09/22 | 28/04/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,543 | 5,621 | 8,617 | 3,962 | 4,478 | 3,435 |
| EBITDA 1 | 1,701 | 1,965 | 1,263 | 44.96 | 1,331 | 1,498 |
| EBIT 1 | 1,677 | 1,925 | 1,137 | -46.81 | 1,287 | 1,472 |
| Operating Margin | 30.26% | 34.26% | 13.2% | -1.18% | 28.75% | 42.85% |
| Earnings before Tax (EBT) 1 | 1,753 | 1,161 | 1,395 | -773.4 | 1,203 | 1,495 |
| Net income 1 | 1,372 | 966.6 | 1,156 | -692.7 | 1,033 | 1,195 |
| Net margin | 24.75% | 17.2% | 13.41% | -17.48% | 23.07% | 34.79% |
| EPS 2 | 22.44 | 15.55 | 12.39 | -7.684 | 12.11 | 13.63 |
| Free Cash Flow 1 | 182.5 | 929.8 | -2,496 | 1,121 | -242.7 | 2,419 |
| FCF margin | 3.29% | 16.54% | -28.97% | 28.3% | -5.42% | 70.43% |
| FCF Conversion (EBITDA) | 10.73% | 47.32% | - | 2,493.87% | - | 161.46% |
| FCF Conversion (Net income) | 13.3% | 96.19% | - | - | - | 202.46% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 30/04/18 | 29/04/19 | 15/05/20 | 29/04/21 | 21/09/22 | 28/04/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2023 Q1 |
|---|---|---|
| Net sales | - | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | 37.86 | 59.92 |
| Net margin | - | - |
| EPS 2 | 0.4211 | 0.3326 |
| Dividend per Share | - | - |
| Announcement Date | 22/11/22 | 09/06/23 |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,857 | 1,814 | 2,897 | 1,575 | 1,637 | 3,434 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 182 | 930 | -2,496 | 1,121 | -243 | 2,419 |
| ROE (net income / shareholders' equity) | 53.7% | 23.9% | 56% | -16.8% | 24% | 22% |
| ROA (Net income/ Total Assets) | 17% | 16% | 5.95% | -0.36% | 11.1% | 11.3% |
| Assets 1 | 8,049 | 6,039 | 19,422 | 193,559 | 9,271 | 10,570 |
| Book Value Per Share 2 | 49.00 | 83.20 | 48.40 | 45.00 | 56.70 | 67.50 |
| Cash Flow per Share 2 | 30.60 | 33.00 | 34.50 | 29.40 | 33.70 | 47.80 |
| Capex 1 | 70.6 | 52.2 | 48 | 13.7 | 9.4 | 0.88 |
| Capex / Sales | 1.27% | 0.93% | 0.56% | 0.35% | 0.21% | 0.03% |
| Announcement Date | 30/04/18 | 29/04/19 | 15/05/20 | 29/04/21 | 21/09/22 | 28/04/23 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +62.82% | 450M | |
| -8.14% | 49.88B | |
| -5.25% | 30.53B | |
| +63.88% | 29.08B | |
| +20.03% | 23.38B | |
| +16.97% | 17.94B | |
| -6.99% | 11.81B | |
| +21.92% | 11.27B | |
| -20.90% | 8.31B | |
| +14.34% | 8.13B |
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