New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 27% per year over the past 5 years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to US$3.02, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 9x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 113% over the past three years. 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 24% per year, which means it is significantly lagging earnings growth. New Risk • Apr 01
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 British stocks, typically moving 9.2% 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 27% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.06, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 9x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 74% 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. New Risk • Dec 15
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 British stocks, typically moving 7.3% 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 31% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). 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$3.93, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 6x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 327% over the past three years. Reported Earnings • Nov 28
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 but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$4.59, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 7x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 416% over the past three years. Announcement • 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. New Risk • Aug 15
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 British stocks, typically moving 7.4% 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 39% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). 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 whereas the company’s share price has increased by 60% per year. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$3.77, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 9x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 252% over the past three years. Reported Earnings • Jun 02
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 54% per year. Board Change • Jun 02
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 David Cui was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 06
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 David Cui was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 30
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 David Cui was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 British stocks, typically moving 8.4% 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 (8.4% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin). Reported Earnings • Nov 23
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 18% per year, which means it is well ahead of earnings. Reported Earnings • Sep 06
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 83 percentage points per year, which is a significant difference in performance. New Risk • Sep 05
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 British stocks, typically moving 6.5% 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 59% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). New Risk • Jul 22
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 British stocks, typically moving 6.8% 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 59% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). 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 70 percentage points per year, which is a significant difference in performance. Announcement • 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 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$2.12, the stock trades at a trailing P/E ratio of 74.3x. Average trailing P/E is 8x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 3.7% 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 16% per year, which means it is well ahead of earnings. Buying Opportunity • Dec 08
Now 20% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be US$2.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 84% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.84, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 9x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 34% over the past three years. Buying Opportunity • Oct 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be US$2.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 84% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Sep 08
Now 27% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be US$2.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 84% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 08
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). Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.07, 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 United Kingdom. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.31, 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 United Kingdom. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1.99, 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 United Kingdom. Total returns to shareholders of 16% 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 Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. New Risk • Jun 15
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 British stocks, typically moving 7.5% 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 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Jun 12
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 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 23
Full year 2022 earnings released: CN¥1.47 loss per share (vs CN¥2.32 profit in FY 2021) Full year 2022 results: CN¥1.47 loss per share (down from CN¥2.32 profit in FY 2021). Revenue: CN¥524.0m (down 67% 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 62 percentage points per year, which is a significant difference in performance. Announcement • 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 22
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥110.2m (down 67% from 3Q 2021). Net loss: CN¥648.0m (loss widened CN¥553.8m from 3Q 2021). 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 Second quarter 2022 results: Revenue: CN¥105.4m (down 73% from 2Q 2021). Net loss: CN¥61.3m (down 123% from profit in 2Q 2021). 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). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 31% share price gain to US$1.08, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Consumer Finance industry in the United Kingdom. Total loss to shareholders of 53% over the past year. Reported Earnings • May 02
Full year 2021 earnings released: EPS: CN¥2.32 (vs CN¥3.78 in FY 2020) 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. Over the next year, revenue is expected to shrink by 22% compared to a 105% growth forecast for the industry in the United Kingdom. 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. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: CN¥1.65b (down 54% from FY 2020). Net income: CN¥589.1m (down 39% from FY 2020). Profit margin: 36% (up from 27% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is expected to shrink by 33% compared to a 102% growth forecast for the industry in the United Kingdom. Reported Earnings • Dec 14
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 130% growth forecast for the industry in the United Kingdom. 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). Reported Earnings • Jun 17
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). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥2.44, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 17x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 48% over the past year. Reported Earnings • May 03
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. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥1.99, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 15x in the Consumer Finance industry in the United Kingdom. Reported Earnings • Mar 30
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. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥2.24, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 14x in the Consumer Finance industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥2.56, the stock is trading at a trailing P/E ratio of 8.9x, up from the previous P/E ratio of 7.7x. This compares to an average P/E of 13x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past year is a loss of 2.5%. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 33% share price decline to CN¥2.46, the stock is trading at a trailing P/E ratio of 11x, down from the previous P/E ratio of 16.3x. This compares to an average P/E of 15x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past year is a loss of 1.2%. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥2.65, the stock is trading at a trailing P/E ratio of 10.5x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 14x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past year is a loss of 7.9%. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥1.62, the stock is trading at a trailing P/E ratio of 6.5x, up from the previous P/E ratio of 5.4x. This compares to an average P/E of 15x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past year is a loss of 63%. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥1.50, the stock is trading at a trailing P/E ratio of 6.4x, up from the previous P/E ratio of 5.6x. This compares to an average P/E of 15x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past year is a loss of 66%. 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 14x in the Consumer Finance industry in the United Kingdom. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥1.39, the stock is trading at a trailing P/E ratio of 5.6x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 14x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past year is a loss of 71%. Analyst Estimate Surprise Post Earnings • Dec 15
Revenue misses expectations Revenue missed analyst estimates by 1.7%. Over the next year, revenue is expected to shrink by 30% compared to a 56% growth forecast for the Consumer Finance industry in the United Kingdom. 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. 