LEXINFINTECH HOLDINGS LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.71 USD | +1.18% |
|
+5.56% | -7.07% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,258 | 17,282 | 7,856 | 4,464 | 2,416 | 2,034 | 2,034 | - |
| Enterprise Value (EV) 1 | 12,351 | 23,426 | 10,209 | 3,446 | 2,416 | 2,129 | -566.2 | -1,007 |
| P/E ratio | 4.57 x | 7.87 x | 14 x | 2.14 x | 2.97 x | 2.06 x | 1.45 x | 1.25 x |
| Yield | - | - | - | - | - | 14.3% | 13.8% | 16.3% |
| Capitalization / Revenue | 1.09 x | 1.63 x | 0.67 x | 0.39 x | 0.24 x | 0.16 x | 0.15 x | 0.14 x |
| EV / Revenue | 1.09 x | 1.63 x | 0.67 x | 0.39 x | 0.24 x | 0.16 x | 0.15 x | 0.14 x |
| EV / EBITDA | 3,618,428 x | 5,937,261 x | 7,296,890 x | 1,432,698 x | - | - | 876,256 x | 763,722 x |
| EV / FCF | 3,013,173 x | -20,862,342 x | -26,399,957 x | 1,753,223 x | 24,446,198 x | - | - | - |
| FCF Yield | 0% | -0% | -0% | 0% | 0% | - | - | - |
| Price to Book | 4.1 x | 5.21 x | 1.45 x | 0.56 x | - | 0.23 x | 0.19 x | 0.16 x |
| Nbr of stocks (in thousands) | 165,659 | 178,718 | 179,709 | 182,042 | 184,389 | 164,130 | 164,130 | - |
| Reference price 2 | 49.85 | 96.70 | 43.72 | 24.52 | 13.10 | 12.39 | 12.39 | 12.39 |
| Announcement Date | 3/14/19 | 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,597 | 10,604 | 11,645 | 11,381 | 9,866 | 13,057 | 13,733 | 14,721 |
| EBITDA | 2,282 | 2,911 | 1,077 | 3,115 | - | - | 2,321 | 2,663 |
| EBIT 1 | 2,252 | 2,871 | 1,023 | 3,025 | 1,274 | 1,798 | 1,918 | 2,302 |
| Operating Margin | 29.64% | 27.07% | 8.79% | 26.58% | 12.92% | 13.77% | 13.97% | 15.63% |
| Earnings before Tax (EBT) 1 | 2,110 | 2,707 | 685.6 | 2,770 | 1,029 | 1,327 | 1,613 | 1,816 |
| Net income 1 | 1,977 | 2,295 | 595 | 2,334 | 819.8 | 1,066 | 1,302 | 1,495 |
| Net margin | 26.03% | 21.64% | 5.11% | 20.51% | 8.31% | 8.16% | 9.48% | 10.16% |
| EPS 2 | 10.90 | 12.29 | 3.130 | 11.46 | 4.410 | 6.340 | 8.570 | 9.896 |
| Free Cash Flow | 2,740 | -828.4 | -297.6 | 2,546 | 98.84 | - | - | - |
| FCF margin | 36.07% | -7.81% | -2.56% | 22.37% | 1% | - | - | - |
| FCF Conversion (EBITDA) | 120.09% | - | - | 81.72% | - | - | - | - |
| FCF Conversion (Net income) | 138.6% | - | - | 109.07% | 12.06% | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | 1.767 | 1.710 | 2.014 |
| Announcement Date | 3/14/19 | 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 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q3 | 2023 Q4 | 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 | 3.820 | 2.860 | 1.290 | 0.4200 | - | - | - | - | - | - | - | - | - |
| Dividend per Share 1 | - | - | - | - | - | - | - | - | 0.8720 | - | 0.7303 | - | 1.170 |
| Announcement Date | 8/25/21 | 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 4,094 | 6,145 | 2,353 | - | - | - | - | - |
| Net Cash position | - | - | - | 1,017 | - | - | 2,600 | 3,041 |
| Leverage (Debt/EBITDA) | 1.794 x | 2.111 x | 2.186 x | - | - | - | - | - |
| Free Cash Flow | 2,740 | -828 | -298 | 2,546 | 98.8 | - | - | - |
| ROE (net income / shareholders' equity) | 68.1% | 42.9% | 9.84% | 34.5% | 9.81% | 16.2% | 13.5% | 13.5% |
| ROA (Net income/ Total Assets) | 14.5% | 14.5% | 4.56% | 12.5% | 3.74% | 6.47% | 5.88% | 6.16% |
| Assets 1 | 13,600 | 15,853 | 13,042 | 18,729 | 21,899 | 16,473 | 22,160 | 24,292 |
| Book Value Per Share 2 | 12.20 | 18.60 | 30.20 | 43.70 | - | 52.80 | 66.90 | 75.80 |
| Cash Flow per Share | 7.700 | -4.140 | 25.50 | 20.10 | - | - | 8.650 | 7.320 |
| Capex 1 | 54.2 | 49.9 | 86.6 | 122 | - | 135 | 148 | 160 |
| Capex / Sales | 0.71% | 0.47% | 0.74% | 1.07% | - | 1.07% | 1.08% | 1.09% |
| Announcement Date | 3/14/19 | 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
12.39
CNY
Average target price
17.07
CNY
Spread / Average Target
+37.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.07% | 281M | |
| +14.54% | 4.82B | |
| +0.56% | 2.59B | |
| +11.92% | 2.16B | |
| -4.30% | 1.12B | |
| +9.82% | 741M | |
| +6.56% | 542M | |
| +3.16% | 238M | |
| +29.91% | 183M | |
| +5.08% | 185M |
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- Financials LexinFintech Holdings Ltd.
