NasdaqGM:HX

Stock Analysis Report

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Executive Summary

Hexindai Inc. operates a consumer lending marketplace that facilitates loans in China. More Details


Snowflake Analysis

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Hexindai's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.7%

HX

-6.8%

US Consumer Finance

-1.9%

US Market


1 Year Return

-68.4%

HX

-22.7%

US Consumer Finance

13.1%

US Market

Return vs Industry: HX underperformed the US Consumer Finance industry which returned -22.7% over the past year.

Return vs Market: HX underperformed the US Market which returned 13.1% over the past year.


Shareholder returns

HXIndustryMarket
7 Day-9.7%-6.8%-1.9%
30 Day-23.6%-1.7%-2.9%
90 Day-37.7%2.2%8.2%
1 Year-68.4%-68.4%-21.0%-22.7%15.7%13.1%
3 Yearn/a1.1%-4.2%38.4%29.1%
5 Yearn/a19.3%9.5%89.3%68.0%

Price Volatility Vs. Market

How volatile is Hexindai's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hexindai undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HX ($1.49) is trading below our estimate of fair value ($9.44)

Significantly Below Fair Value: HX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HX is unprofitable, so we can't compare its PE Ratio to the US Consumer Finance industry average.

PE vs Market: HX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HX is good value based on its PB Ratio (0.5x) compared to the US Consumer Finance industry average (1.1x).


Next Steps

Future Growth

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

59.4%

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 Hexindai 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.


Next Steps

Past Performance

How has Hexindai performed over the past 5 years?

-26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HX is currently unprofitable.

Growing Profit Margin: HX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HX is unprofitable, and losses have increased over the past 5 years at a rate of 26.8% per year.

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

Earnings vs Industry: HX is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-32.3%).


Return on Equity

High ROE: HX has a negative Return on Equity (-148.02%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hexindai's financial position?


Financial Position Analysis

Short Term Liabilities: HX's short term assets ($49.9M) exceed its short term liabilities ($10.2M).

Long Term Liabilities: HX's short term assets ($49.9M) exceed its long term liabilities ($20.1M).


Debt to Equity History and Analysis

Debt Level: HX's debt to equity ratio (41.6%) is considered high.

Reducing Debt: Insufficient data to determine if HX's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: HX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if HX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Hexindai current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: HX is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Xiaobo An (38 yo)

1.33yrs

Tenure

Mr. Xiaobo An is Hexindai Inc.’s (“Hexindai”) Founder and serves as its Chairman of the Board of Directors since its inception and Executive Director since February 2017 and serves as its Chief Executive O ...


Leadership Team

NamePositionTenureCompensationOwnership
Xiaobo An
Founder1.33yrsno data73.25%
$ 17.7m
Rui Zhang
Chief Financial Officer1.08yrsno datano data
Luping Wei
VP of Operations & Executive Director0.67yrno datano data
Daisy Wang
Investor Relation Contactno datano datano data
Ma Xiaoqin
Corporate Secretaryno datano datano data

1.3yrs

Average Tenure

37yo

Average Age

Experienced Management: HX's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Xiaobo An
Founder1.33yrsno data73.25%
$ 17.7m
Luping Wei
VP of Operations & Executive Director0.67yrno datano data
Wei Tang
Independent Non-Executive Director2.92yrsno datano data
Stephen Markscheid
Independent Non-Executive Director2.92yrsno datano data
Dagang Guo
Independent Non-Executive Director2.92yrsno datano data

2.9yrs

Average Tenure

48yo

Average Age

Experienced Board: HX's board of directors are not considered experienced ( 2.9 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

Hexindai Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hexindai Inc.
  • Ticker: HX
  • Exchange: NasdaqGM
  • Founded: 2013
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: US$24.100m
  • Shares outstanding: 16.17m
  • Website: https://www.hexindai.com

Number of Employees


Location

  • Hexindai Inc.
  • Block C, Shimao
  • 13th Floor
  • Beijing
  • Beijing Province
  • 100020
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HXNasdaqGM (Nasdaq Global Market)YesSPON ADS EACH REP 1 ORD SHSUSUSDNov 2017
8HX1DB (Deutsche Boerse AG)YesSPON ADS EACH REP 1 ORD SHSDEEURNov 2017

Biography

Hexindai Inc. operates a consumer lending marketplace that facilitates loans in China. It primarily focuses on facilitating medium-sized credit loans. The company provides borrowers a range of products bas ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/24 06:01
End of Day Share Price2020/09/23 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.