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LX

LexinFintech Holdings NasdaqGS:LX Stock Report

Last Price

US$2.21

Market Cap

US$407.5m

7D

0%

1Y

-82.3%

Updated

28 Jun, 2022

Data

Company Financials +
LX fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance4/6
Financial Health5/6
Dividends0/6

LX Stock Overview

LexinFintech Holdings Ltd., through its subsidiaries, offers online consumer finance services in the People’s Republic of China.

LexinFintech Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for LexinFintech Holdings
Historical stock prices
Current Share PriceUS$2.21
52 Week HighUS$13.22
52 Week LowUS$1.67
Beta0.74
1 Month Change-6.75%
3 Month Change-22.18%
1 Year Change-82.26%
3 Year Change-81.37%
5 Year Changen/a
Change since IPO-79.35%

Recent News & Updates

Shareholder Returns

LXUS Consumer FinanceUS Market
7D0%-0.3%1.7%
1Y-82.3%-29.2%-20.4%

Return vs Industry: LX underperformed the US Consumer Finance industry which returned -28.8% over the past year.

Return vs Market: LX underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is LX's price volatile compared to industry and market?
LX volatility
LX Average Weekly Movement10.1%
Consumer Finance Industry Average Movement9.0%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: LX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: LX's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20133,896Jay Xiaohttps://www.lexin.com

LexinFintech Holdings Ltd., through its subsidiaries, offers online consumer finance services in the People’s Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as provides online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending. It also provides technology-driven platform services to increase revenues, manage financial risks, enhance operating efficiency and service quality, enhance collections, and reduce overall costs; Maiya application, a location-based services shopping experience with buy-now and pay-later options; and Juzi Licai, an online investment platform.

LexinFintech Holdings Fundamentals Summary

How do LexinFintech Holdings's earnings and revenue compare to its market cap?
LX fundamental statistics
Market CapCN¥2.73b
Earnings (TTM)CN¥1.70b
Revenue (TTM)CN¥10.15b

1.6x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LX income statement (TTM)
RevenueCN¥10.15b
Cost of RevenueCN¥1.93b
Gross ProfitCN¥5.22b
Other ExpensesCN¥3.52b
EarningsCN¥1.70b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.22
Gross Margin51.48%
Net Profit Margin16.75%
Debt/Equity Ratio94.9%

How did LX perform over the long term?

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

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 LX?

Other financial metrics that can be useful for relative valuation.

LX 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/Revenue0.9x
Enterprise Value/EBITDA3.8x
PEG Ratio0.06x

Price to Earnings Ratio vs Peers

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

LX PE Ratio vs Peers
The above table shows the PE ratio for LX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.7x
RM Regional Management
4.2x-2.0%US$374.0m
OPFI OppFi
20.7xn/aUS$380.8m
EZPW EZCORP
14.6x40.2%US$437.4m
OPRT Oportun Financial
3.3x1.0%US$295.3m
LX LexinFintech Holdings
1.6x26.1%US$407.5m

Price-To-Earnings vs Peers: LX is good value based on its Price-To-Earnings Ratio (1.6x) compared to the peer average (10.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: LX 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 LX'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.

LX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.6x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: LX is good value based on its Price-To-Earnings Ratio (1.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).


Share Price vs Fair Value

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

Below Fair Value: LX ($2.21) is trading below our estimate of fair value ($12.45)

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


Price to Earnings Growth Ratio

PEG Ratio: LX is good value based on its PEG Ratio (0.1x)


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Future Growth

How is LexinFintech Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LX's forecast earnings growth (26.1% per year) is above the savings rate (1.9%).

Earnings vs Market: LX's earnings (26.1% per year) are forecast to grow faster than the US market (13.8% per year).

High Growth Earnings: LX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LX's revenue (11.2% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: LX's revenue (11.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LX's Return on Equity is forecast to be low in 3 years time (18.6%).


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Past Performance

How has LexinFintech Holdings performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LX has high quality earnings.

Growing Profit Margin: LX's current net profit margins (16.8%) are higher than last year (16.4%).


Past Earnings Growth Analysis

Earnings Trend: LX has become profitable over the past 5 years, growing earnings by 31.1% per year.

Accelerating Growth: LX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LX had negative earnings growth (-14.3%) over the past year, making it difficult to compare to the Consumer Finance industry average (17.4%).


Return on Equity

High ROE: LX's Return on Equity (20.8%) is considered high.


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Financial Health

How is LexinFintech Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LX's short term assets (CN¥16.7B) exceed its short term liabilities (CN¥9.1B).

Long Term Liabilities: LX's short term assets (CN¥16.7B) exceed its long term liabilities (CN¥3.9B).


Debt to Equity History and Analysis

Debt Level: LX's net debt to equity ratio (66.8%) is considered high.

Reducing Debt: LX's debt to equity ratio has reduced from 56553.5% to 94.9% over the past 5 years.

Debt Coverage: LX's debt is well covered by operating cash flow (34.4%).

Interest Coverage: LX's interest payments on its debt are well covered by EBIT (37.2x coverage).


Balance Sheet


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Dividend

What is LexinFintech Holdings's 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 LX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


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Management

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

2.3yrs

Average management tenure


CEO

Jay Xiao (38 yo)

8.83yrs

Tenure

Mr. Wenjie Xiao, also known as Jay, has been the Chief Executive Officer and Director of LexinFintech Holdings Ltd. since August 2013. Mr. Xiao has served as chairman of the board at LexinFintech Holdings...


Leadership Team

Experienced Management: LX's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: LX's board of directors are considered experienced (4.3 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.


Top Shareholders

Company Information

LexinFintech Holdings Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: LexinFintech Holdings Ltd.
  • Ticker: LX
  • Exchange: NasdaqGS
  • Founded: 2013
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Implied Market Cap: US$407.500m
  • Shares outstanding: 184.39m
  • Website: https://www.lexin.com

Number of Employees


Location

  • LexinFintech Holdings Ltd.
  • CES Tower
  • 27th Floor
  • Shenzhen
  • Guangdong Province
  • 518057
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
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.