Jiayin Group (NasdaqGM:JFIN) - Share price, News & Analysis

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

JFIN ($2.31) is trading below our estimate of [[fair value]] ($12.97)

JFIN fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

JFIN Stock Overview

Jiayin Group Inc. provides online consumer finance services in the People’s Republic of China.

Rewards

Trading at 82.2% below our estimate of its fair value

Earnings grew by 71.3% over the past year

Risk Analysis

Large one-off items impacting financial results

Jiayin Group Competitors

Yiren Digital

NYSE:YRD

US$147.8m

Katapult Holdings

NasdaqGM:KPLT

US$107.9m

X Financial

NYSE:XYF

US$148.7m

CURO Group Holdings

NYSE:CURO

US$226.4m

Price History & Performance

Summary of all time highs, changes and price drops for Jiayin Group
Historical stock prices
Current Share Price	US$2.31
52 Week High	US$5.45
52 Week Low	US$1.57
Beta	1.36
1 Month Change	30.51%
3 Month Change	-16.00%
1 Year Change	-56.42%
3 Year Change	-84.53%
5 Year Change	n/a
Change since IPO	-85.70%

Shareholder Returns

	JFIN	US Consumer Finance	US Market
7D	6.0%	-3.3%	-2.5%
1Y	-56.4%	-30.3%	-21.2%

Return vs Industry: JFIN underperformed the US Consumer Finance industry which returned -30.3% over the past year.

Return vs Market: JFIN underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is JFIN's price volatile compared to industry and market?
JFIN volatility
JFIN Average Weekly Movement	9.4%
Consumer Finance Industry Average Movement	9.2%
Market Average Movement	8.1%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.3%

Stable Share Price: JFIN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: JFIN's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	706	Dinggui Yan	https://www.jiayinfintech.cn

Jiayin Group Inc. provides online consumer finance services in the People’s Republic of China. The company operates a fintech platform that facilitates transparent, secure, and fast connections between individual borrowers and financial institutions funding partners. It also provides referral services for investment products offered by the financial service providers; and software development, risk control, marketing support, and IT assistance services.

Jiayin Group Fundamentals Summary

How do Jiayin Group's earnings and revenue compare to its market cap?
JFIN fundamental statistics
Market Cap	CN¥836.27m
Earnings (TTM)	CN¥523.57m
Revenue (TTM)	CN¥1.95b

1.6x

P/E Ratio

0.4x

P/S Ratio

Is JFIN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JFIN income statement (TTM)
Revenue	CN¥1.95b
Cost of Revenue	CN¥365.24m
Gross Profit	CN¥1.58b
Other Expenses	CN¥1.06b
Earnings	CN¥523.57m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	9.69
Gross Margin	81.26%
Net Profit Margin	26.87%
Debt/Equity Ratio	0%

How did JFIN perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings 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 JFIN?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for JFIN. This is calculated by dividing JFIN's market cap by their current preferred multiple.
What is JFIN's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥836.27m

JFIN 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/Revenue	0.4x
Enterprise Value/EBITDA	1.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does JFIN's PE Ratio compare to its peers?

JFIN PE Ratio vs Peers

The above table shows the PE ratio for JFIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	7.2x
YRD Yiren Digital	6.9x	-17.0%	US$147.8m
KPLT Katapult Holdings	14.3x	8.8%	US$107.9m
XYF X Financial	1.3x	n/a	US$148.7m
CURO CURO Group Holdings	6.5x	86.1%	US$226.4m
JFIN Jiayin Group	1.6x	n/a	US$124.8m

Forward PE

Price-To-Earnings vs Peers: JFIN is good value based on its Price-To-Earnings Ratio (1.6x) compared to the peer average (7.2x).

Price to Earnings Ratio vs Industry

How does JFIN's PE Ratio compare vs other companies in the US Consumer Finance Industry?

Price-To-Earnings vs Industry: JFIN is good value based on its Price-To-Earnings Ratio (1.6x) compared to the US Consumer Finance industry average (5.6x)

Price to Earnings Ratio vs Fair Ratio

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

JFIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	1.6x
Fair PE Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: JFIN ($2.31) is trading below our estimate of fair value ($12.97)

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

Price to Earnings Growth Ratio

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

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Future Growth

How is Jiayin Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

2.2%

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 Jiayin Group 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 whether Jiayin Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Jiayin Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-12.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JFIN has a large one-off gain of CN¥138.0M impacting its March 31 2022 financial results.

Growing Profit Margin: JFIN's current net profit margins (26.9%) are higher than last year (23%).

Past Earnings Growth Analysis

Earnings Trend: JFIN has become profitable over the past 5 years, growing earnings by -12.5% per year.

Accelerating Growth: JFIN's earnings growth over the past year (71.3%) exceeds its 5-year average (-12.5% per year).

Earnings vs Industry: JFIN earnings growth over the past year (71.3%) exceeded the Consumer Finance industry 17.4%.

Return on Equity

High ROE: JFIN's Return on Equity (300.4%) is considered outstanding.

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Financial Health

How is Jiayin Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: JFIN's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥672.1M).

Long Term Liabilities: JFIN's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥353.1M).

Debt to Equity History and Analysis

Debt Level: JFIN is debt free.

Reducing Debt: JFIN currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: JFIN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: JFIN has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is Jiayin Group 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 JFIN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if JFIN'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 JFIN has not reported any payouts.

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Management

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

3.9yrs

Average management tenure

CEO

Dinggui Yan (54 yo)

7.5yrs

Tenure

Mr. Dinggui Yan is the Founder, Chairman and Chief Executive Officer at Jiayin Group Inc. Mr. Yan has been the Chairman and General Manager of Shanghai Jiayin Finance Technology Co., Ltd. since September 2...

Leadership Team

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

Board Members

Experienced Board: JFIN's board of directors are considered experienced (3.2 years average tenure).

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.

Data	Last Updated (UTC time)
Company Analysis	2022/07/03 00:00
End of Day Share Price	2022/07/01 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31