Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: CN¥4.37 (vs CN¥0.50 in FY 2024) Full year 2025 results: EPS: CN¥4.37 (up from CN¥0.50 in FY 2024). Net income: CN¥708.6m (up CN¥616.9m from FY 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$1.99, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 8x in the Consumer Finance industry in the US. Total returns to shareholders of 67% over the past three years. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: CN¥4.37 (vs CN¥0.50 in FY 2024) Full year 2025 results: EPS: CN¥4.37 (up from CN¥0.50 in FY 2024). Net income: CN¥708.6m (up CN¥616.9m from FY 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$3.97, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 9x in the Consumer Finance industry in the US. Total returns to shareholders of 323% over the past three years. Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: CN¥2.55 (vs CN¥0.73 in 3Q 2024) Third quarter 2025 results: EPS: CN¥2.55 (up from CN¥0.73 in 3Q 2024). Revenue: CN¥8.52m (down 85% from 3Q 2024). Net income: CN¥409.9m (up 211% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 84% per year whereas the company’s share price has increased by 89% per year. Bekanntmachung • Sep 24
Qudian Inc. Announces Resignation of Yingming Li as A Director, Effective September 23, 2025 Qudian Inc. announced that Mr. Yingming Li has tendered his resignation as a director of the Company's board of directors for personal reasons. Mr. Li's resignation was effective as of September 23, 2025. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: CN¥1.02 (vs CN¥0.54 in 2Q 2024) Second quarter 2025 results: EPS: CN¥1.02 (up from CN¥0.54 in 2Q 2024). Net income: CN¥161.7m (up 62% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$4.04, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 10x in the Consumer Finance industry in the US. Total returns to shareholders of 278% over the past three years. Reported Earnings • May 31
First quarter 2025 earnings released: EPS: CN¥0.90 (vs CN¥0.38 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.90 (up from CN¥0.38 loss in 1Q 2024). Revenue: CN¥25.8m (down 54% from 1Q 2024). Net income: CN¥150.1m (up CN¥223.7m from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 53% per year. Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: CN¥0.50 (vs CN¥0.18 in FY 2023) Full year 2024 results: EPS: CN¥0.50 (up from CN¥0.18 in FY 2023). Revenue: CN¥216.4m (up 71% from FY 2023). Net income: CN¥91.7m (up 134% from FY 2023). Profit margin: 42% (up from 31% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$2.16, the stock trades at a trailing P/E ratio of 72.9x. Average trailing P/E is 10x in the Consumer Finance industry in the US. Total returns to shareholders of 91% over the past three years. New Risk • Nov 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 62% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin). Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: CN¥0.73 (vs CN¥0.84 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.73 (up from CN¥0.84 loss in 3Q 2023). Revenue: CN¥55.0m (up 86% from 3Q 2023). Net income: CN¥131.9m (up CN¥313.1m from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Sep 07
Second quarter 2024 earnings released: EPS: CN¥0.54 (vs CN¥0.34 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.54 (up from CN¥0.34 loss in 2Q 2023). Revenue: CN¥53.3m (up 381% from 2Q 2023). Net income: CN¥99.8m (up CN¥176.7m from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 14
First quarter 2024 earnings released: CN¥0.38 loss per share (vs CN¥1.82 profit in 1Q 2023) First quarter 2024 results: CN¥0.38 loss per share (down from CN¥1.82 profit in 1Q 2023). Revenue: CN¥55.8m (up 156% from 1Q 2023). Net loss: CN¥73.6m (down 118% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Bekanntmachung • May 14
Qudian Inc. Announces Changes to Board of Directors Qudian Inc. announced that Mr. David Cui has replaced Mr. Shengwen Rong as a member of the board of directors (the "Board"), audit committee and compensation committee of the Company. Mr. Shengwen Rong resigned from the Board for personal reasons, effective as of May 11, 2024. Upon recommendation by the nominating and corporate governance committee of the Company, the Board resolved to appoint Mr. David Cui as a director and member of the audit committee and compensation committee to fill the positions vacated by Mr. Shengwen Rong, effective as of May 11, 2024. Mr. Cui has served as an independent non-executive director of Inkeverse Group Limited (formerly known as Inke Limited), a leading Chinese mobile live streaming company listed on the Hong Kong Stock Exchange, since June 2018, and Yalla Group Limited, since September 2020. Mr. Cui has extensive experience in public accounting and financial management. From October 2020 to May 2023, Mr. Cui served as the chief financial officer of Vipshop Holdings Limited. From August 2017 to September 2020, Mr. Cui was the chief financial officer of Huami Corporation (currently known as Zepp Health Corporation). From August 2015 to April 2017, Mr. Cui was the chief financial officer of China Digital Video Holdings Limited, a company listed on the Hong Kong Stock Exchange. Prior to that, Mr. Cui was an independent financial advisor to high growth companies on business strategies, fund raising, corporate governance and accounting matters. From April 2011 to August 2013, Mr. Cui was the chief financial officer in iKang Healthcare Group Inc., a company previously listed on the Nasdaq Global Select Market. He was an audit senior manager of Deloitte Touche Tohmatsu, China from April 2007 to April 2011. Prior to that, Mr. Cui was the financial reporting manager of Symantec Corporation. From April 2004 to August 2006, he served as an audit manager of Ernst & Young, California. Mr. Cui was a senior auditor in the Audit and Advisory Services practice of Health Net Inc., California from May 2001 to April 2004. From January 1996 to May 2001, Mr. Cui worked in public accounting in Canada and the United States. Mr. Cui has a bachelor's degree in business administration from Simon Fraser University, Canada and is a licensed CPA in the United States and Canada. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.09, the stock trades at a trailing P/E ratio of 73.1x. Average trailing P/E is 10x in the Consumer Finance industry in the US. Total returns to shareholders of 11% over the past three years. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: CN¥0.18 (vs CN¥1.47 loss in FY 2022) Full year 2023 results: EPS: CN¥0.18 (up from CN¥1.47 loss in FY 2022). Revenue: CN¥126.3m (down 76% from FY 2022). Net income: CN¥39.1m (up CN¥401.1m from FY 2022). Profit margin: 31% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 13
Third quarter 2023 earnings released: CN¥0.84 loss per share (vs CN¥2.64 loss in 3Q 2022) Third quarter 2023 results: CN¥0.84 loss per share (improved from CN¥2.64 loss in 3Q 2022). Revenue: CN¥29.6m (down 69% from 3Q 2022). Net loss: CN¥181.2m (loss narrowed 72% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$1.85, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 8x in the Consumer Finance industry in the US. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$1.88, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 8x in the Consumer Finance industry in the US. Total returns to shareholders of 30% over the past three years. Reported Earnings • Sep 09
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CN¥11.1m (down 87% from 2Q 2022). Net loss: CN¥76.9m (loss widened 25% from 2Q 2022). Buying Opportunity • Jul 20
Now 23% undervalued Over the last 90 days, the stock is up 68%. The fair value is estimated to be US$2.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 83% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$2.34, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 8x in the Consumer Finance industry in the US. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$2.00, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 7x in the Consumer Finance industry in the US. Total returns to shareholders of 13% over the past three years. New Risk • Jun 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Jun 13
First quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.56 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.002 (up from CN¥0.56 loss in 1Q 2022). Revenue: CN¥21.9k (down 100% from 1Q 2022). Net income: CN¥414.3k (up CN¥143.2m from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 22
Full year 2022 earnings released: CN¥0.74 loss per share (vs CN¥2.32 profit in FY 2021) Full year 2022 results: CN¥0.74 loss per share (down from CN¥2.32 profit in FY 2021). Revenue: CN¥577.5m (down 64% from FY 2021). Net loss: CN¥362.0m (down 161% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Bekanntmachung • Feb 04
Qudian Regained Compliance with NYSE Minimum Price Provision Qudian Inc. announced that the Company has regained compliance with the New York Stock Exchange's continued listing standard for share prices as confirmed by a notification letter from the NYSE on February 1, 2023. On September 22, 2022, the NYSE notified the Company of its non-compliance with the exchange's continued listing standards because the average closing price of its American depositary shares ("ADSs") had fallen below $1.00 over a period of 30 consecutive trading days. Reported Earnings • Nov 23
Third quarter 2022 earnings released: CN¥2.64 loss per share (vs CN¥0.37 loss in 3Q 2021) Third quarter 2022 results: CN¥2.64 loss per share (further deteriorated from CN¥0.37 loss in 3Q 2021). Revenue: CN¥95.3m (down 71% from 3Q 2021). Net loss: CN¥648.0m (loss widened CN¥553.8m from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Roy Rong was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 07
Second quarter 2022 earnings released: CN¥0.25 loss per share (vs CN¥1.07 profit in 2Q 2021) Second quarter 2022 results: CN¥0.25 loss per share (down from CN¥1.07 profit in 2Q 2021). Revenue: CN¥88.1m (down 78% from 2Q 2021). Net loss: CN¥61.3m (down 123% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 14 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 16
First quarter 2022 earnings released: CN¥0.56 loss per share (vs CN¥1.89 profit in 1Q 2021) First quarter 2022 results: CN¥0.56 loss per share (down from CN¥1.89 profit in 1Q 2021). Revenue: CN¥184.5m (down 63% from 1Q 2021). Net loss: CN¥142.8m (down 130% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year whereas the company’s share price has fallen by 51% per year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 28% share price gain to US$1.12, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Consumer Finance industry in the US. Total loss to shareholders of 86% over the past three years. Reported Earnings • May 01
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥2.32 (down from CN¥3.78 in FY 2020). Revenue: CN¥1.59b (down 56% from FY 2020). Net income: CN¥589.1m (down 39% from FY 2020). Profit margin: 37% (up from 27% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is expected to shrink by 22% compared to a 14% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Roy Rong was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jan 19
Price target decreased to US$1.12 Down from US$1.95, the current price target is an average from 2 analysts. New target price is 9.8% above last closing price of US$1.02. Stock is down 52% over the past year. The company is forecast to post earnings per share of CN¥3.18 for next year compared to CN¥3.78 last year. Major Estimate Revision • Dec 24
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥3.85 to CN¥3.00. Revenue forecast unchanged from CN¥1.62b at last update. Net income forecast to shrink 21% next year vs 8.4% decline forecast for Consumer Finance industry in the US. Consensus price target of US$1.89 unchanged from last update. Share price rose 12% to US$1.01 over the past week. Reported Earnings • Dec 15
Third quarter 2021 earnings: Revenues miss analyst expectations Third quarter 2021 results: Revenue: -CN¥546.0m (down 166% from 3Q 2020). Net loss: CN¥842.5m (down 242% from profit in 3Q 2020). Revenue missed analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 25% compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥412.1m (down 64% from 2Q 2020). Net income: CN¥269.9m (up 51% from 2Q 2020). Profit margin: 66% (up from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Price Target Changed • Jun 22
Price target increased to US$1.95 Up from US$1.50, the current price target is an average from 3 analysts. New target price is 18% below last closing price of US$2.38. Stock is up 34% over the past year. Major Estimate Revision • Jun 22
Consensus revenue estimates increase to CN¥2.73b The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from CN¥2.30b to CN¥2.73b. EPS estimate increased from CN¥4.47 to CN¥5.12 per share. Net income forecast to shrink 31% next year vs 5.5% growth forecast for Consumer Finance industry in the US . Consensus price target up from US$1.50 to US$1.95. Share price fell 2.5% to US$2.38 over the past week. Reported Earnings • Jun 16
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥515.7m (down 46% from 1Q 2020). Net income: CN¥478.4m (up CN¥964.8m from 1Q 2020). Profit margin: 93% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥2.44, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 9x in the Consumer Finance industry in the US. Total loss to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥2.12, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 8x in the Consumer Finance industry in the US. Total loss to shareholders of 76% over the past three years. Reported Earnings • May 04
Full year 2020 earnings released: EPS CN¥3.78 (vs CN¥11.72 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.62b (down 59% from FY 2019). Net income: CN¥958.8m (down 71% from FY 2019). Profit margin: 27% (down from 37% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥2.04, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 9x in the Consumer Finance industry in the US. Total loss to shareholders of 79% over the past three years. Major Estimate Revision • Apr 15
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥5.61 to CN¥4.52. Revenue forecast unchanged from CN¥2.30b at last update. Net income forecast to grow 55% next year vs 26% growth forecast for Consumer Finance industry in the US. Consensus price target of US$1.50 unchanged from last update. Share price fell 9.8% to US$2.02 over the past week. Major Estimate Revision • Apr 05
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from CN¥3.30b to CN¥2.30b. EPS estimate increased from CN¥3.84 to CN¥5.65 per share. Net income forecast to grow 55% next year vs 25% growth forecast for Consumer Finance industry in the US. Consensus price target up from US$1.42 to US$1.50. Share price was steady at US$2.29 over the past week. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥3.78 (vs CN¥11.72 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.62b (down 59% from FY 2019). Net income: CN¥958.8m (down 71% from FY 2019). Profit margin: 27% (down from 37% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥2.25, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Consumer Finance industry in the US. Total loss to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥2.60, the stock is trading at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 13x in the Consumer Finance industry in the US. Total return to shareholders over the past three years is a loss of 83%. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorated over the past week After last week's 31% share price decline to CN¥2.14, the stock is trading at a trailing P/E ratio of 8.5x, down from the previous P/E ratio of 12.4x. This compares to an average P/E of 12x in the Consumer Finance industry in the US. Total return to shareholders over the past three years is a loss of 85%. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 49% share price gain to CN¥3.00, the stock is trading at a trailing P/E ratio of 11.9x, up from the previous P/E ratio of 8x. This compares to an average P/E of 12x in the Consumer Finance industry in the US. Total return to shareholders over the past three years is a loss of 77%. Is New 90 Day High Low • Feb 02
New 90-day high: US$2.24 The company is up 66% from its price of US$1.35 on 03 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$17.97 per share. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥2.12, the stock is trading at a trailing P/E ratio of 8.4x, up from the previous P/E ratio of 7.3x. This compares to an average P/E of 13x in the Consumer Finance industry in the US. Total return to shareholders over the past three years is a loss of 85%. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥1.62, the stock is trading at a trailing P/E ratio of 6.4x, up from the previous P/E ratio of 5.5x. This compares to an average P/E of 12x in the Consumer Finance industry in the US. Total return to shareholders over the past three years is a loss of 87%. Is New 90 Day High Low • Jan 09
New 90-day high: US$1.62 The company is up 16% from its price of US$1.40 on 09 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$17.36 per share. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥1.38, the stock is trading at a trailing P/E ratio of 5.5x, up from the previous P/E ratio of 4.7x. This compares to an average P/E of 13x in the Consumer Finance industry in the US. Total return to shareholders over the past three years is a loss of 89%. Is New 90 Day High Low • Dec 22
New 90-day low: US$1.23 The company is down 8.0% from its price of US$1.34 on 22 September 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$16.42 per share. Reported Earnings • Dec 15
Third quarter 2020 earnings released: EPS CN¥2.33 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: CN¥849.4m (down 67% from 3Q 2019). Net income: CN¥592.3m (down 43% from 3Q 2019). Profit margin: 70% (up from 40% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Dec 15
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 1,111%. Over the next year, revenue is expected to shrink by 30% compared to a 39% growth forecast for the Consumer Finance industry in the US. Valuation Update With 7 Day Price Move • Oct 24
Market bids up stock over the past week After last week's 19% share price gain to CN¥1.53, the stock is trading at a trailing P/E ratio of 3.1x, up from the previous P/E ratio of 2.6x. This compares to an average P/E of 11x in the Consumer Finance industry in the US. Total return to shareholders over the past three years is a loss of 93%. Is New 90 Day High Low • Sep 24
New 90-day low: US$1.25 The company is down 28% from its price of US$1.74 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$2.60 per share.