company background image
2051

51 Credit Card SEHK:2051 Stock Report

Last Price

HK$0.28

Market Cap

HK$387.1m

7D

3.6%

1Y

-79.0%

Updated

23 Jun, 2022

Data

Company Financials
2051 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

2051 Stock Overview

51 Credit Card Inc., an investment holding company, operates an online credit card management platform in the People’s Republic of China.

51 Credit Card Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for 51 Credit Card
Historical stock prices
Current Share PriceHK$0.28
52 Week HighHK$1.38
52 Week LowHK$0.22
Beta1.35
1 Month Change28.96%
3 Month Change-24.00%
1 Year Change-79.04%
3 Year Change-93.36%
5 Year Changen/a
Change since IPO-96.87%

Recent News & Updates

Shareholder Returns

2051HK Consumer FinanceHK Market
7D3.6%2.0%1.2%
1Y-79.0%-15.6%-23.3%

Return vs Industry: 2051 underperformed the Hong Kong Consumer Finance industry which returned -17.3% over the past year.

Return vs Market: 2051 underperformed the Hong Kong Market which returned -23.8% over the past year.

Price Volatility

Is 2051's price volatile compared to industry and market?
2051 volatility
2051 Average Weekly Movement21.7%
Consumer Finance Industry Average Movement8.2%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 2051 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 22% a week.

Volatility Over Time: 2051's weekly volatility has increased from 13% to 22% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012300Haitao Sunhttps://www.u51.com

51 Credit Card Inc., an investment holding company, operates an online credit card management platform in the People’s Republic of China. Its primary apps include 51 Credit Card Manager. The company offers personal financial services comprising personal credit management, credit card technology, and credit facilitation services.

51 Credit Card Fundamentals Summary

How do 51 Credit Card's earnings and revenue compare to its market cap?
2051 fundamental statistics
Market CapCN¥330.45m
Earnings (TTM)-CN¥233.69m
Revenue (TTM)CN¥428.93m

0.8x

P/S Ratio

-1.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2051 income statement (TTM)
RevenueCN¥428.93m
Cost of RevenueCN¥265.23m
Gross ProfitCN¥163.70m
Other ExpensesCN¥397.39m
Earnings-CN¥233.69m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.17
Gross Margin38.16%
Net Profit Margin-54.48%
Debt/Equity Ratio29.7%

How did 2051 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 2051 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2051?

Other financial metrics that can be useful for relative valuation.

2051 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA-12.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does 2051's PB Ratio compare to its peers?

2051 PB Ratio vs Peers
The above table shows the PB ratio for 2051 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.7x

Price-To-Book vs Peers: 2051 is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does 2051's PE Ratio compare vs other companies in the Hong Kong Consumer Finance Industry?

Price-To-Book vs Industry: 2051 is good value based on its Price-To-Book Ratio (0.4x) compared to the Hong Kong Consumer Finance industry average (0.4x)


Price to Book Ratio vs Fair Ratio

What is 2051's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2051 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 2051's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2051 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2051's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2051's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2051's PEG Ratio to determine if it is good value.


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Future Growth

How is 51 Credit Card forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.4%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 51 Credit Card has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine 51 Credit Card's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • 51 Credit Card competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has 51 Credit Card performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2051 is currently unprofitable.

Growing Profit Margin: 2051 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2051 is unprofitable, and losses have increased over the past 5 years at a rate of 19.6% per year.

Accelerating Growth: Unable to compare 2051's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2051 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (4.2%).


Return on Equity

High ROE: 2051 has a negative Return on Equity (-34.36%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is 51 Credit Card's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 2051's short term assets (CN¥963.1M) exceed its short term liabilities (CN¥701.3M).

Long Term Liabilities: 2051's short term assets (CN¥963.1M) exceed its long term liabilities (CN¥99.1M).


Debt to Equity History and Analysis

Debt Level: 2051 has more cash than its total debt.

Reducing Debt: 2051 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


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: 2051 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 2051 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 24.1% each year


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Dividend

What is 51 Credit Card current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2051's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2051'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 2051's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2051's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 2051 has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Haitao Sun (42 yo)

0.42

Tenure

CN¥17,155,000

Compensation

Mr. Haitao Sun serves as Chief Executive Officer at 51 Credit Card Inc. since January 07, 2022. He has been Chairman of the Board at China Netcom Technology Holdings Limited since August 17, 2017. Mr. Sun...


CEO Compensation Analysis

Compensation vs Market: Haitao's total compensation ($USD2.56M) is above average for companies of similar size in the Hong Kong market ($USD232.87K).

Compensation vs Earnings: Haitao's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 2051's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: 2051's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

51 Credit Card Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: 51 Credit Card Inc.
  • Ticker: 2051
  • Exchange: SEHK
  • Founded: 2012
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Implied Market Cap: HK$387.121m
  • Shares outstanding: 1.36b
  • Website: https://www.u51.com

Number of Employees


Location

  • 51 Credit Card Inc.
  • Building B3
  • CECEP Xixi Center
  • Hangzhou
  • Zhejiang Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.