QIFU TECHNOLOGY, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.52 USD | -1.85% |
|
+2.77% | +17.07% |
| Apr. 03 | Qifu Technology Launches $350 Million Share Buyback Plan | MT |
| Mar. 20 | Asian Equities Traded in the US as American Depositary Receipts Higher in Wednesday Trading | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,334 | 10,294 | 11,702 | 22,512 | 19,799 | 21,669 | 21,669 | - |
| Enterprise Value (EV) 1 | 15,334 | 10,294 | 7,470 | 16,793 | 12,726 | 18,129 | 37,882 | 25,042 |
| P/E ratio | - | - | 3.37 x | 4.05 x | 5.62 x | 4.31 x | 4.46 x | 3.87 x |
| Yield | - | - | - | 2.35% | 3.57% | 5.39% | 6.47% | 7.27% |
| Capitalization / Revenue | - | 1.12 x | 0.86 x | 1.35 x | 1.2 x | 1.11 x | 1.3 x | 1.2 x |
| EV / Revenue | - | 1.12 x | 0.55 x | 1.01 x | 0.77 x | 1.11 x | 2.27 x | 1.39 x |
| EV / EBITDA | - | - | - | 2.45 x | - | 5.07 x | 6.8 x | 3.91 x |
| EV / FCF | - | - | 1.41 x | 2.91 x | - | 6.99 x | 12 x | 12.3 x |
| FCF Yield | - | - | 71.1% | 34.3% | - | 14.3% | 8.31% | 8.1% |
| Price to Book | - | 2.77 x | 1.24 x | 1.49 x | 1.2 x | 0.98 x | 0.82 x | 0.71 x |
| Nbr of stocks (in thousands) | 143,826 | 151,354 | 152,112 | 154,560 | 140,991 | 161,465 | 161,465 | - |
| Reference price 2 | 106.6 | 68.02 | 76.93 | 145.7 | 140.4 | 134.2 | 134.2 | 134.2 |
| Announcement Date | 3/19/19 | 3/30/20 | 3/15/21 | 3/10/22 | 3/9/23 | 3/12/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 9,220 | 13,564 | 16,636 | 16,554 | 16,290 | 16,671 | 18,035 |
| EBITDA 1 | - | - | - | 6,852 | - | 5,085 | 5,570 | 6,397 |
| EBIT 1 | - | 3,144 | 4,091 | 7,040 | 4,672 | 4,857 | 5,453 | 6,304 |
| Operating Margin | - | 34.1% | 30.16% | 42.32% | 28.22% | 29.82% | 32.71% | 34.95% |
| Earnings before Tax (EBT) 1 | - | 2,967 | 4,082 | 7,023 | 4,742 | 5,277 | 5,746 | 6,485 |
| Net income 1 | - | 2,502 | 3,497 | 5,782 | 4,024 | 4,285 | 4,736 | 5,334 |
| Net margin | - | 27.13% | 25.78% | 34.76% | 24.31% | 26.31% | 28.41% | 29.58% |
| EPS 2 | - | - | 22.80 | 35.98 | 25.00 | 26.08 | 30.09 | 34.63 |
| Free Cash Flow 1 | - | - | 5,311 | 5,764 | - | 3,689 | 3,149 | 2,029 |
| FCF margin | - | - | 39.15% | 34.65% | - | 23.04% | 18.89% | 11.25% |
| FCF Conversion (EBITDA) | - | - | - | 84.13% | - | 72.55% | 56.53% | 31.72% |
| FCF Conversion (Net income) | - | - | 151.88% | 99.7% | - | 86.39% | 66.49% | 38.04% |
| Dividend per Share 2 | - | - | - | 3.423 | 5.014 | 7.236 | 8.681 | 9.758 |
| Announcement Date | 3/19/19 | 3/30/20 | 3/15/21 | 3/10/22 | 3/9/23 | 3/12/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 4,613 | 4,422 | - | - | 4,144 | 3,907 | 3,599 | 3,914 | 4,281 | 4,496 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 1,894 | - | 1,359 | 1,011 | 1,158 | 995.2 | 1,007 | 1,182 | 1,389 | 1,280 | - | - | - | - |
| Operating Margin | - | 41.05% | - | - | - | 27.95% | 25.48% | 27.98% | 30.18% | 32.44% | 28.46% | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 1,923 | - | 1,391 | 1,155 | 1,172 | 1,025 | 1,102 | 1,366 | 1,478 | 1,331 | - | - | - | - |
| Net income 1 | - | 1,564 | 1,323 | 1,179 | - | 992.8 | 872 | 934.1 | 1,097 | 1,142 | 1,112 | - | - | - | - |
| Net margin | - | 33.91% | 29.91% | - | - | 23.96% | 22.32% | 25.95% | 28.04% | 26.68% | 24.73% | - | - | - | - |
| EPS 2 | 9.620 | 9.740 | 8.220 | 7.360 | 6.120 | 6.180 | 5.380 | 5.640 | 6.640 | 6.940 | 6.880 | 7.770 | 8.150 | 7.950 | 7.160 |
| Dividend per Share 2 | - | 0.8936 | - | 1.464 | 1.222 | 1.145 | 1.114 | - | 3.639 | - | 4.226 | - | - | - | - |
| Announcement Date | 8/19/21 | 11/15/21 | 3/10/22 | 5/24/22 | 8/18/22 | 11/13/22 | 3/9/23 | 5/18/23 | 8/21/23 | 11/16/23 | 3/12/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 4,131 | 16,213 | 3,373 |
| Net Cash position 1 | - | 4,232 | 5,719 | 7,073 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.8123 x | 2.911 x | 0.5273 x |
| Free Cash Flow 1 | - | 5,311 | 5,764 | - | 3,689 | 3,149 | 2,029 |
| ROE (net income / shareholders' equity) | 42.9% | 41.9% | 46.8% | 23.6% | 21% | 20.1% | 19.7% |
| ROA (Net income/ Total Assets) | 18.1% | 15.6% | 20% | 10.9% | 9.65% | 10.1% | 10.5% |
| Assets 1 | 13,852 | 22,371 | 28,946 | 36,924 | 44,250 | 46,978 | 50,769 |
| Book Value Per Share 2 | 24.60 | 62.30 | 97.90 | 117.0 | 137.0 | 163.0 | 188.0 |
| Cash Flow per Share | - | - | 18.00 | 36.80 | - | 31.90 | 34.90 |
| Capex 1 | - | 15.3 | 25.3 | - | 126 | 148 | 115 |
| Capex / Sales | - | 0.11% | 0.15% | - | 0.79% | 0.89% | 0.63% |
| Announcement Date | 3/30/20 | 3/15/21 | 3/10/22 | 3/9/23 | 3/12/24 | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
134.2
CNY
Average target price
164.3
CNY
Spread / Average Target
+22.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.07% | 2.99B | |
| -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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