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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


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

QFINIndustryMarket
7 Day0.04%-0.3%-1.7%
30 Day-0.3%6.4%-1.5%
90 Day-14.1%14.0%0.4%
1 Year154.1%154.1%126.8%122.4%53.3%50.8%
3 Yearn/a50.2%42.2%61.5%51.4%
5 Yearn/a144.6%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

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 23:58
End of Day Share Price2021/05/14 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.