X Financial
Market Cap
US$123.5m
Last Updated
2020/05/29 05:41 UTC
Data Sources
Company Financials +
Executive Summary
X Financial provides personal finance services in the People's Republic of China.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -35.8% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has X Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: XYF's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-7.2%
XYF
12.8%
US Consumer Finance
2.5%
US Market
1 Year Return
-82.1%
XYF
-23.7%
US Consumer Finance
8.4%
US Market
Return vs Industry: XYF underperformed the US Consumer Finance industry which returned -23.7% over the past year.
Return vs Market: XYF underperformed the US Market which returned 8.4% over the past year.
Shareholder returns
| XYF | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.2% | 12.8% | 2.5% |
| 30 Day | -14.1% | 13.8% | 5.1% |
| 90 Day | -53.3% | -16.0% | 2.0% |
| 1 Year | -82.1%-82.1% | -22.2%-23.7% | 10.9%8.4% |
| 3 Year | n/a | 11.6%5.9% | 30.5%21.9% |
| 5 Year | n/a | 4.7%-3.4% | 56.9%39.2% |
Price Volatility Vs. Market
How volatile is X Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Do Directors Own X Financial (NYSE:XYF) Shares?4 months ago | Simply Wall St
Why X Financial (NYSE:XYF) Is A Top Dividend Stock6 months ago | Simply Wall St
What Kind Of Shareholder Appears On The X Financial's (NYSE:XYF) Shareholder Register?Valuation
Is X Financial 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: XYF ($0.77) is trading below our estimate of fair value ($11)
Significantly Below Fair Value: XYF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: XYF is good value based on its PE Ratio (1.1x) compared to the Consumer Finance industry average (6.2x).
PE vs Market: XYF is good value based on its PE Ratio (1.1x) compared to the US market (16x).
Price to Earnings Growth Ratio
PEG Ratio: XYF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: XYF is good value based on its PB Ratio (0.2x) compared to the US Consumer Finance industry average (0.9x).
Next Steps
Future Growth
How is X Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-35.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: XYF's earnings are forecast to decline over the next 3 years (-35.8% per year).
Earnings vs Market: XYF's earnings are forecast to decline over the next 3 years (-35.8% per year).
High Growth Earnings: XYF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: XYF's revenue (5.2% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: XYF's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: XYF's Return on Equity is forecast to be low in 3 years time (7.9%).
Next Steps
Past Performance
How has X Financial performed over the past 5 years?
-12.3%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: XYF has high quality earnings.
Growing Profit Margin: XYF's current net profit margins (25.1%) are higher than last year (24.9%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if XYF's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: XYF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: XYF had negative earnings growth (-12.3%) over the past year, making it difficult to compare to the Consumer Finance industry average (-20.3%).
Return on Equity
High ROE: XYF's Return on Equity (17.7%) is considered low.
Next Steps
Financial Health
How is X Financial's financial position?
Financial Position Analysis
Short Term Liabilities: XYF's short term assets (CN¥7.4B) exceed its short term liabilities (CN¥737.2M).
Long Term Liabilities: XYF's short term assets (CN¥7.4B) exceed its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: XYF is debt free.
Reducing Debt: XYF had no debt 5 years ago.
Debt Coverage: XYF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: XYF has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is X Financial's current dividend yield, its reliability and sustainability?
12.16%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: XYF's dividend (12.16%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: XYF's dividend (12.16%) is in the top 25% of dividend payers in the US market (4.45%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether XYF's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if XYF's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.9%), XYF's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Justin Tang (47yo)
no data
Tenure
Mr. Yue Tang, also known as Justin is a Founding Partner at Blue Ridge China Partners. Mr. Tang is Founder, Chief Executive Officer and Chairman of X Financial. Mr. Tang co-founded eLong Inc. in 1999 and s ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | no data | 31.88% CN¥39.4m | |
| President & Director | 2.42yrs | no data | no data | |
| Chief Financial Officer | 3.5yrs | no data | no data | |
| CTO & Director | 2.42yrs | no data | no data | |
| Investor Relations | no data | no data | no data | |
| Chief Risk Officer | 2.5yrs | no data | no data |
3.0yrs
Average Tenure
45yo
Average Age
Experienced Management: XYF's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | no data | 31.88% CN¥39.4m | |
| President & Director | 2.42yrs | no data | no data | |
| CTO & Director | 2.42yrs | no data | no data | |
| Independent Director | 1.67yrs | no data | no data | |
| Independent Director | 1.67yrs | no data | no data | |
| Independent Director | 1.67yrs | no data | no data |
1.7yrs
Average Tenure
48yo
Average Age
Experienced Board: XYF's board of directors are not considered experienced ( 1.7 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 been diluted in the past year, with total shares outstanding growing by 3.2%.
Top Shareholders
Company Information
X Financial's company bio, employee growth, exchange listings and data sources
Key Information
- Name: X Financial
- Ticker: XYF
- Exchange: NYSE
- Founded: 2014
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: US$123.457m
- Shares outstanding: 160.33m
- Website: https://www.xiaoyinggroup.com
Number of Employees
Location
- X Financial
- Aerospace Science and Technology Plaza
- 7-8 Floor, Block A
- Shenzhen
- Guangdong Province
- 518067
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| XYF | NYSE (New York Stock Exchange) | Yes | SPONSORED ADS | US | USD | Sep 2018 |
Biography
X Financial provides personal finance services in the People's Republic of China. The company offers a suite of products connecting borrowers and investors through a proprietary Internet platform. It provides Xiaoying Credit loan, which includes Xiaoying card loan, a credit card balance transfer product; and Xiaoying preferred loan, a high-credit-limit unsecured loan product. The company also offers Xiaoying housing loan; investment products through Xiaoying wealth management platform, such as loans, money market, and insurance products; and loan facilitation to other platforms. X Financial was founded in 2014 and is headquartered in Shenzhen, the People's Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/29 05:41 |
| End of Day Share Price | 2020/05/28 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.