360 DigiTech
Market Cap
US$3.6b
Last Updated
2021/05/16 23:58 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 is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: QFIN's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
0.04%
QFIN
-0.3%
US Consumer Finance
-1.7%
US Market
1 Year Return
154.1%
QFIN
122.4%
US Consumer Finance
50.8%
US Market
Return vs Industry: QFIN exceeded the US Consumer Finance industry which returned 122.4% over the past year.
Return vs Market: QFIN exceeded the US Market which returned 50.8% over the past year.
Shareholder returns
| QFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.04% | -0.3% | -1.7% |
| 30 Day | -0.3% | 6.4% | -1.5% |
| 90 Day | -14.1% | 14.0% | 0.4% |
| 1 Year | 154.1%154.1% | 126.8%122.4% | 53.3%50.8% |
| 3 Year | n/a | 50.2%42.2% | 61.5%51.4% |
| 5 Year | n/a | 144.6%123.4% | 125.8%100.7% |
Long-Term 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
1 year 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?2 years 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 ($23.68) is trading below our estimate of fair value ($111.6)
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 (6.5x) compared to the US Consumer Finance industry average (9.2x).
PE vs Market: QFIN is good value based on its PE Ratio (6.5x) compared to the US market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: QFIN is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: QFIN is overvalued based on its PB Ratio (2.4x) compared to the US Consumer Finance industry average (1.7x).
Future Growth
How is 360 DigiTech forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
23.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QFIN's forecast earnings growth (23.4% per year) is above the savings rate (2%).
Earnings vs Market: QFIN's earnings (23.4% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: QFIN's revenue (10.2% per year) is forecast to grow faster than the US market (9% per year).
High Growth Revenue: QFIN's revenue (10.2% 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 (30.6%)
Past Performance
How has 360 DigiTech performed over the past 5 years?
67.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QFIN has high quality earnings.
Growing Profit Margin: QFIN's current net profit margins (25.8%) are lower than last year (27%).
Past Earnings Growth Analysis
Earnings Trend: QFIN's earnings have grown significantly by 67.7% per year over the past 5 years.
Accelerating Growth: QFIN's earnings growth over the past year (40.1%) is below its 5-year average (67.7% per year).
Earnings vs Industry: QFIN earnings growth over the past year (40.1%) underperformed the Consumer Finance industry 73.3%.
Return on Equity
High ROE: QFIN's Return on Equity (36.9%) is considered high.
Financial Health
How is 360 DigiTech's financial position?
Financial Position Analysis
Short Term Liabilities: QFIN's short term assets (CN¥21.9B) exceed its short term liabilities (CN¥13.4B).
Long Term Liabilities: QFIN's short term assets (CN¥21.9B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: QFIN's debt to equity ratio (2%) 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 (2851.1%).
Interest Coverage: QFIN earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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?
0.8yrs
Average management tenure
CEO
Haisheng Wu (37 yo)
1.75yrs
Tenure
Mr. Haisheng Wu has been a Chief Executive Officer and Director at 360 DigiTech, Inc. (formerly known as 360 Finance, Inc.) since August 23, 2019 and served as its President since July 25, 2016. Mr. Wu wor...
Leadership Team
Experienced Management: QFIN's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: QFIN's board of directors are not considered experienced ( 1.8 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
360 DigiTech, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: 360 DigiTech, Inc.
- Ticker: QFIN
- Exchange: NasdaqGS
- Founded: 2016
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: US$3.609b
- Shares outstanding: 152.40m
- Website: https://www.360shuke.com
Number of Employees
Location
- 360 DigiTech, Inc.
- Lujiazui Finance Plaza
- 7th Floor
- Shanghai
- 200122
- China
Listings
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 | 2021/05/16 23:58 |
| End of Day Share Price | 2021/05/14 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.