FinVolution Group Full Year 2022 Earnings: EPS Misses Expectations

Simply Wall St

March 16, 2023

FinVolution Group (NYSE:FINV) Full Year 2022 Results

Key Financial Results

Revenue: CN¥11.1b (up 17% from FY 2021).
Net income: CN¥2.27b (down 9.7% from FY 2021).
Profit margin: 20% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses.
EPS: CN¥8.02 (down from CN¥8.83 in FY 2021).

earnings-and-revenue-history — NYSE:FINV Earnings and Revenue History March 16th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

FinVolution Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 18% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for FinVolution Group (1 is significant!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.