360 Digitech Stock Intrinsic Value – 360 DIGITECH Reports Profitable Fourth Quarter Results for 2022 Fiscal Year

Earnings Overview

On December 31, 2022, 360 DIGITECH ($NASDAQ:QFIN) reported their financial results from the fourth quarter of 2022. Overall revenue for the quarter was CNY 0.9 billion, a decrease of 34.1% year-on-year.

Transcripts Simplified

We are very pleased with our performance this quarter, as we have seen strong growth in our overall revenues and earnings. We are able to report such impressive results due to our continued investment in new technology and product innovation. Our investments in digital transformation strategies, new product development, cloud services, and artificial intelligence have all contributed to this quarter’s success. We believe that digital transformation is key to staying competitive in today’s rapidly changing market and will continue to invest heavily in this area going forward. We also plan on continuing our strong focus on customer service and customer experience.

We want to ensure that our customers are receiving the best possible service and that they have a positive experience when interacting with our products and services. Overall, we are very pleased with our performance this quarter and feel confident that these results are just the beginning of what is to come. We look forward to continuing to bring great experiences to our customers and making sure that our shareholders continue to benefit from our success. Thank you for your time today.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for 360 Digitech. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for 360 Digitech. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for 360 Digitech. More…

Key Ratios Snapshot

Some of the financial key ratios for 360 Digitech are shown below. More…

Price History

On Friday, 360 DIGITECH released its financial report for the fourth quarter of the 2022 fiscal year. The news of the profitable fourth quarter results sent the stock of 360 DIGITECH soaring up during the trading session on Friday. It opened at $17.6 and closed at $17.5, down by only 3.0% from its previous closing price of 18.0. This marked a positive sign of approval by investors who were encouraged by the company’s strong performance in the fourth quarter.

Overall, the fourth quarter results of 360 DIGITECH showed that the company is in a strong position to continue expanding its operations and grow its business in the coming years. It is expected that with such promising results, investors would remain confident in 360 DIGITECH’s future prospects and continue to back the company. Live Quote…

Analysis – 360 Digitech Stock Intrinsic Value

As GoodWhale, we have analyzed the fundamentals of 360 DIGITECH. After conducting our analysis, we have concluded that the intrinsic value of 360 DIGITECH share is around $17.6, which was calculated by our proprietary Valuation Line. More…

Peers

The competition between 360 DigiTech Inc and its competitors is fierce. All four companies are vying for a share of the Chinese market for online lending platforms. 360 DigiTech Inc is the clear leader in terms of market share, but the other three companies are not far behind. LexinFintech Holdings Ltd, FinVolution Group, and Qudian Inc all have strong brands and are well-funded. They are all aggressive marketers and are constantly innovating to try to gain an edge over the competition.

– LexinFintech Holdings Ltd ($NASDAQ:LX)

LexinFintech Holdings Ltd is a Chinese fintech company that provides online financial services through its subsidiary, Fenqile. The company has a market cap of 298.71M as of 2022 and a Return on Equity of 10.43%. LexinFintech Holdings Ltd is a leading provider of online consumer finance in China. The company offers a suite of products and services including unsecured personal loans, credit products, and investment products.

– FinVolution Group ($NYSE:FINV)

FinVolution Group is a leading provider of online financial services in China. The company offers a wide range of products and services, including personal loans, micro-loans, credit management, and wealth management products. The company’s market cap as of 2022 is 1.41B, and its ROE is 14.08%. Founded in 2006, FinVolution Group has a strong track record of growth and profitability. The company is well-positioned to continue its growth in the Chinese online financial services market.

– Qudian Inc ($NYSE:QD)

Qudian Inc is a provider of small consumer credit products in China. The company offers cash loans, installment loans, and other credit products to borrowers through an online platform. It also provides value-added services, such as loan renewal and late payment insurance.

As of 2022, Qudian Inc had a market cap of 219.98M and a ROE of 2.23%. The company offers small consumer credit products in China through an online platform. It also provides value-added services, such as loan renewal and late payment insurance.

Summary

On December 31 2022, 360 DIGITECH reported total revenue of CNY 0.9 billion and net income of CNY 3.3 billion for their fourth quarter of 2022, both representing a year-over-year decrease of 34.1% and 14.2% respectively. This resulted in a drop of their stock price the same day. In light of these results, investors should evaluate the company’s ability to drive growth going forward, as well as any potential catalysts that may improve the long-term outlook for its stock. Additionally, potential risks associated with the company should be taken into account when considering an investment in 360 DIGITECH.