VCREDIT Holdings Limited, an investment holding company, provides online consumer finance services to prime and near-prime borrowers in China. More Details
High growth potential with adequate balance sheet.
Share Price & News
How has VCREDIT Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2003's share price has been volatile over the past 3 months.
7 Day Return
HK Consumer Finance
1 Year Return
HK Consumer Finance
Return vs Industry: 2003 underperformed the Hong Kong Consumer Finance industry which returned -4.3% over the past year.
Return vs Market: 2003 underperformed the Hong Kong Market which returned 0.7% over the past year.
Price Volatility Vs. Market
How volatile is VCREDIT Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Type Of Shareholders Make Up VCREDIT Holdings Limited's (HKG:2003) Share Registry?
3 months ago | Simply Wall StVCREDIT Holdings (HKG:2003) Share Prices Have Dropped 54% In The Last Year
7 months ago | Simply Wall StRead This Before Buying VCREDIT Holdings Limited (HKG:2003) Shares
Is VCREDIT Holdings undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 2003's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 2003's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 2003 is unprofitable, so we can't compare its PE Ratio to the HK Consumer Finance industry average.
PE vs Market: 2003 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2003's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2003 is overvalued based on its PB Ratio (0.8x) compared to the HK Consumer Finance industry average (0.4x).
How is VCREDIT Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2003 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 2003 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 2003's is expected to become profitable in the next 3 years.
Revenue vs Market: 2003's revenue (51.4% per year) is forecast to grow faster than the Hong Kong market (13.3% per year).
High Growth Revenue: 2003's revenue (51.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2003's Return on Equity is forecast to be low in 3 years time (17%).
How has VCREDIT Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2003 is currently unprofitable.
Growing Profit Margin: 2003 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2003 is unprofitable, but has reduced losses over the past 5 years at a rate of 10% per year.
Accelerating Growth: Unable to compare 2003's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2003 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-19.7%).
Return on Equity
High ROE: 2003 has a negative Return on Equity (-49.64%), as it is currently unprofitable.
How is VCREDIT Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2003's short term assets (CN¥8.7B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 2003's short term assets (CN¥8.7B) exceed its long term liabilities (CN¥5.2B).
Debt to Equity History and Analysis
Debt Level: 2003's debt to equity ratio (307.1%) is considered high.
Reducing Debt: Insufficient data to determine if 2003's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2003 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2003 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 56.3% per year.
What is VCREDIT Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2003's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2003's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2003's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2003's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2003's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Stephen Liu (52 yo)
Mr. Sai Wang Liu, also known as Stephen, is Co-Founder and Chief Executive Officer of VCREDIT Holdings Ltd. and has been its Executive Director since September 7, 2007. Mr. Liu is responsible for the overa ...
CEO Compensation Analysis
Compensation vs Market: Stephen's total compensation ($USD28.24M) is above average for companies of similar size in the Hong Kong market ($USD293.56K).
Compensation vs Earnings: Stephen's compensation has increased whilst the company is unprofitable.
|CEO & Executive Director||no data||CN¥189.11m||6.72% |
|COO & Executive Director||2.92yrs||CN¥4.85m||1.4% |
|Non-Executive Director||8.58yrs||no data||no data|
|Chairman||no data||CN¥17.16m||37.94% |
|Independent Non-Executive Director||2.33yrs||CN¥211.00k||0.56% |
|Independent Non-Executive Director||2.33yrs||CN¥211.00k||no data|
|Non-Executive Director||1yr||no data||no data|
|Independent Non-Executive Director||0.17yr||no data||0.021% |
Experienced Board: 2003's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
VCREDIT Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: VCREDIT Holdings Limited
- Ticker: 2003
- Exchange: SEHK
- Founded: 2006
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: HK$1.940b
- Shares outstanding: 488.60m
- Website: https://www.vcredit.com
Number of Employees
- VCREDIT Holdings Limited
- Two Pacific Place
- Suite 1918, 19th Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2003||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jun 2018|
|2003||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jun 2018|
|2003||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jun 2018|
VCREDIT Holdings Limited, an investment holding company, provides online consumer finance services to prime and near-prime borrowers in China. The company offers credit card balance transfer and consumptio ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/19 12:45|
|End of Day Share Price||2020/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.