company background image
QD

QudianNYSE:QD Stock Report

Market Cap

US$382.2m

7D

-1.3%

1Y

21.8%

Updated

27 Sep, 2021

Data

Company Financials +
QD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends0/6

QD Overview

Qudian Inc. operates a technology platform for the enhancement of online consumer finance experience in the People’s Republic of China.

Qudian Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Qudian
Historical stock prices
Current Share PriceUS$1.51
52 Week HighUS$1.17
52 Week LowUS$3.82
Beta0.98
1 Month Change-5.63%
3 Month Change-38.37%
1 Year Change21.77%
3 Year Change-69.37%
5 Year Changen/a
Change since IPO-94.83%

Recent News & Updates

Jun 21

Fintech Qudian's Profits Boom, Loans Shrink As It Bets On Direct Lending Model

Qudian stock is up 12% since June 15, the day it reported its latest results. Qudian disclosed its fourth consecutive quarterly profit and said its bad debts were under control. Shares are down 92% from its October 2017 IPO price, giving it a current market cap of $678 million. QD trades at a P/E ratio of 4.4, or less than half the 9.4 ratio for the broader industry. Qudian’s stock could be at a turning point, leaving investors to figure out which way it will go.

Jun 17
Party Time: Brokers Just Made Major Increases To Their Qudian Inc. (NYSE:QD) Earnings Forecasts

Party Time: Brokers Just Made Major Increases To Their Qudian Inc. (NYSE:QD) Earnings Forecasts

Shareholders in Qudian Inc. ( NYSE:QD ) may be thrilled to learn that the analysts have just delivered a major upgrade...

Shareholder Returns

QDUS Consumer FinanceUS Market
7D-1.3%4.3%0.1%
1Y21.8%95.9%35.3%

Return vs Industry: QD underperformed the US Consumer Finance industry which returned 95.9% over the past year.

Return vs Market: QD underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is QD's price volatile compared to industry and market?
QD volatility
QD Beta0.98
Industry Beta1.5
Market Beta1

Stable Share Price: QD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: QD's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20141,047Min Luohttps://www.qudian.com

Qudian Inc. operates a technology platform for the enhancement of online consumer finance experience in the People’s Republic of China. Its technology platform enables credit providers to offer consumer credit to young generation of consumers. The company offers small credit products to consumers; merchandise credit products to finance borrowers’ direct purchase of merchandise offered on its marketplace on an installment basis; and loan recommendation and referral services to third-party financial service providers.

Qudian Fundamentals Summary

How do Qudian's earnings and revenue compare to its market cap?
QD fundamental statistics
Market CapCN¥2.47b
Earnings (TTM)CN¥2.01b
Revenue (TTM)CN¥2.42b

1.2x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QD income statement (TTM)
RevenueCN¥2.42b
Cost of RevenueCN¥365.96m
Gross ProfitCN¥2.05b
ExpensesCN¥35.54m
EarningsCN¥2.01b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.96
Gross Margin84.85%
Net Profit Margin83.38%
Debt/Equity Ratio7.6%

How did QD perform over the long term?

See historical performance and comparison

Valuation

Is Qudian 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: QD ($1.52) is trading below our estimate of fair value ($16.64)

Significantly Below Fair Value: QD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: QD is good value based on its PE Ratio (1.2x) compared to the US Consumer Finance industry average (7.9x).

PE vs Market: QD is good value based on its PE Ratio (1.2x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: QD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: QD is good value based on its PB Ratio (0.2x) compared to the US Consumer Finance industry average (1.7x).


Future Growth

How is Qudian forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-27.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QD's earnings are forecast to decline over the next 3 years (-27.1% per year).

Earnings vs Market: QD's earnings are forecast to decline over the next 3 years (-27.1% per year).

High Growth Earnings: QD's earnings are forecast to decline over the next 3 years.

Revenue vs Market: QD's revenue (13.7% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: QD's revenue (13.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QD's Return on Equity is forecast to be low in 3 years time (5.3%).


Past Performance

How has Qudian performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QD has a large one-off gain of CN¥754.6M impacting its June 30 2021 financial results.

Growing Profit Margin: QD's current net profit margins (83.4%) are higher than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: QD's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: QD's earnings growth over the past year (133.2%) exceeds its 5-year average (8% per year).

Earnings vs Industry: QD earnings growth over the past year (133.2%) exceeded the Consumer Finance industry 126.5%.


Return on Equity

High ROE: QD's Return on Equity (15.9%) is considered low.


Financial Health

How is Qudian's financial position?


Financial Position Analysis

Short Term Liabilities: QD's short term assets (CN¥12.4B) exceed its short term liabilities (CN¥504.0M).

Long Term Liabilities: QD's short term assets (CN¥12.4B) exceed its long term liabilities (CN¥1.3B).


Debt to Equity History and Analysis

Debt Level: QD's debt to equity ratio (7.6%) is considered satisfactory.

Reducing Debt: QD's debt to equity ratio has reduced from 184.3% to 7.6% over the past 5 years.

Debt Coverage: QD's debt is well covered by operating cash flow (256.7%).

Interest Coverage: QD earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Qudian current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate QD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate QD'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 QD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QD'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 QD'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?

6.7yrs

Average management tenure


CEO

Min Luo (38 yo)

7.67yrs

Tenure

Mr. Min Luo is Founder, Chairman of Board of Directors, and, since the inception of Qudian Inc. in 2014, has served as Chief Executive Officer. Prior to founding Qudian Inc., Mr. Luo served as a Vice Presi...


Leadership Team

Experienced Management: QD's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: QD's board of directors are considered experienced (3.1 years average tenure).


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

Qudian Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Qudian Inc.
  • Ticker: QD
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: US$382.163m
  • Shares outstanding: 253.09m
  • Website: https://www.qudian.com

Number of Employees


Location

  • Qudian Inc.
  • Tower A
  • Level 39
  • Xiamen
  • Fujian Province
  • 361000
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 23:07
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
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.