NasdaqGM:QFIN

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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


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

QFINIndustryMarket
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 Year26.1%26.1%-19.7%-21.4%14.0%11.5%
3 Yearn/a-8.1%-12.8%34.5%25.6%
5 Yearn/a15.8%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

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

NamePositionTenureCompensationOwnership
Haisheng Wu
President1.17yrsno datano data
Zuoli Xu
Chief Financial Officer0.25yrno datano data
George Shao
Head of Investor Relationsno datano datano data
Jiang Wu
Chief Strategy Officer & Director0.58yrno datano data
Zhiqiang He
Senior Vice President0.25yrno datano data
Yan Zheng
Chief Risk Officer0.25yrno datano data
Christian Arnell
Investor Relations Officerno datano datano data
Matthew Li
Investor Relations Officerno datano datano 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

NamePositionTenureCompensationOwnership
Haisheng Wu
President1.17yrsno datano data
Jiang Wu
Chief Strategy Officer & Director0.58yrno datano data
Andrew Y. Yan
Independent Director1.25yrsno datano data
Hongyi Zhou
Chairman of the Board2.08yrsno data12.44%
CN¥ 231.4m
Wei Liu
Vice Chairman0.58yrno data0%
CN¥ 0
Gang Xiao
Independent Director2.08yrsno datano data
Yongjin Fu
Independent Director2.08yrsno datano data
Xiaohuan Chen Eric
Director0.92yrno datano data
Dan Zhao
Director0.42yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QFINNasdaqGM (Nasdaq Global Market)YesAMERICAN DEPUSUSDDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 00:47
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.