360 DigiTech
Market Cap
US$1.9b
Last Updated
2020/10/29 00:47 UTC
Data Sources
Company Financials +
Executive Summary
360 DigiTech, Inc., through its subsidiaries, operates a digital consumer finance platform under the 360 Jietiao brand in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with high growth potential.
Similar Companies
Share Price & News
How has 360 DigiTech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: QFIN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-8.1%
QFIN
-7.4%
US Consumer Finance
-4.6%
US Market
1 Year Return
26.1%
QFIN
-21.4%
US Consumer Finance
11.5%
US Market
Return vs Industry: QFIN exceeded the US Consumer Finance industry which returned -21.4% over the past year.
Return vs Market: QFIN exceeded the US Market which returned 11.5% over the past year.
Shareholder returns
| QFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.1% | -7.4% | -4.6% |
| 30 Day | -6.2% | 0.2% | -0.9% |
| 90 Day | -19.5% | 4.8% | 2.2% |
| 1 Year | 26.1%26.1% | -19.7%-21.4% | 14.0%11.5% |
| 3 Year | n/a | -8.1%-12.8% | 34.5%25.6% |
| 5 Year | n/a | 15.8%6.4% | 73.0%53.6% |
Price Volatility Vs. Market
How volatile is 360 DigiTech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 months ago | Simply Wall St
Should We Worry About 360 Finance, Inc.'s (NASDAQ:QFIN) P/E Ratio?1 year ago | Simply Wall St
Do Institutions Own 360 Finance, Inc. (NASDAQ:QFIN) Shares?1 year ago | Simply Wall St
Do Institutions Own 360 Finance, Inc. (NASDAQ:QFIN) Shares?Valuation
Is 360 DigiTech 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: QFIN ($11.16) is trading below our estimate of fair value ($55.57)
Significantly Below Fair Value: QFIN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QFIN is good value based on its PE Ratio (4.9x) compared to the US Consumer Finance industry average (11.2x).
PE vs Market: QFIN is good value based on its PE Ratio (4.9x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: QFIN is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: QFIN is overvalued based on its PB Ratio (1.6x) compared to the US Consumer Finance industry average (1x).
Next Steps
Future Growth
How is 360 DigiTech forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
29.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QFIN's forecast earnings growth (29.5% per year) is above the savings rate (2.2%).
Earnings vs Market: QFIN's earnings (29.5% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: QFIN's revenue (14.3% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: QFIN's revenue (14.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: QFIN's Return on Equity is forecast to be high in 3 years time (30.2%)
Next Steps
Past Performance
How has 360 DigiTech performed over the past 5 years?
63.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QFIN has high quality earnings.
Growing Profit Margin: QFIN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: QFIN's earnings have grown significantly by 63% per year over the past 5 years.
Accelerating Growth: QFIN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: QFIN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-25.8%).
Return on Equity
High ROE: QFIN's Return on Equity (31.7%) is considered high.
Next Steps
Financial Health
How is 360 DigiTech's financial position?
Financial Position Analysis
Short Term Liabilities: QFIN's short term assets (CN¥22.2B) exceed its short term liabilities (CN¥13.3B).
Long Term Liabilities: QFIN's short term assets (CN¥22.2B) exceed its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: QFIN's debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if QFIN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: QFIN's debt is well covered by operating cash flow (1777.2%).
Interest Coverage: QFIN's interest payments on its debt are well covered by EBIT (161x coverage).
Balance Sheet
Next Steps
Dividend
What is 360 DigiTech current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate QFIN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate QFIN'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 QFIN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QFIN'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 QFIN'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?
0.3yrs
Average management tenure
CEO
Haisheng Wu (37 yo)
1.17yrs
Tenure
Mr. Haisheng Wu has been President of 360 DigiTech, Inc. (formerly known as 360 Finance, Inc.). since July 25, 2016 and has been its Chief Executive Officer and Director since August 23, 2019. Mr. Wu worke ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.17yrs | no data | no data | |
| Chief Financial Officer | 0.25yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Strategy Officer & Director | 0.58yr | no data | no data | |
| Senior Vice President | 0.25yr | no data | no data | |
| Chief Risk Officer | 0.25yr | no data | no data | |
| Investor Relations Officer | no data | no data | no data | |
| Investor Relations Officer | no data | no data | no data |
0.3yrs
Average Tenure
37yo
Average Age
Experienced Management: QFIN's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.17yrs | no data | no data | |
| Chief Strategy Officer & Director | 0.58yr | no data | no data | |
| Independent Director | 1.25yrs | no data | no data | |
| Chairman of the Board | 2.08yrs | no data | 12.44% CN¥ 231.4m | |
| Vice Chairman | 0.58yr | no data | 0% CN¥ 0 | |
| Independent Director | 2.08yrs | no data | no data | |
| Independent Director | 2.08yrs | no data | no data | |
| Director | 0.92yr | no data | no data | |
| Director | 0.42yr | no data | no data |
1.2yrs
Average Tenure
42yo
Average Age
Experienced Board: QFIN's board of directors are not considered experienced ( 1.2 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.9%.
Top Shareholders
Company Information
360 DigiTech, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: 360 DigiTech, Inc.
- Ticker: QFIN
- Exchange: NasdaqGM
- Founded: 2016
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: US$1.860b
- Shares outstanding: 166.70m
- Website: https://www.360jinrong.net
Number of Employees
Location
- 360 DigiTech, Inc.
- Lujiazui Finance Plaza
- 7th Floor
- Shanghai
- Shanghai Province
- 200122
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| QFIN | NasdaqGM (Nasdaq Global Market) | Yes | AMERICAN DEP | US | USD | Dec 2018 |
Biography
360 DigiTech, Inc., through its subsidiaries, operates a digital consumer finance platform under the 360 Jietiao brand in the People’s Republic of China. Its platform provides online consumer finance produ ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 00:47 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.