Finvolution Group Intrinsic Value Calculator – FINVOLUTION GROUP Reports Second Quarter FY2023 Earnings Results
September 7, 2023
🌥️Earnings Overview
FINVOLUTION GROUP ($NYSE:FINV) announced their financial results for Q2 FY2023, ending June 30 2023, on August 29 2023. Total revenue for the quarter was CNY 3075.7 million, representing a 15.4% increase from the same quarter in the previous year. On the other hand, net income decreased by 4.6%, reaching CNY 554.4 million.
Stock Price
On Tuesday, FINVOLUTION GROUP reported its second quarter earnings for FY2023. The stock opened at $5.2 and closed at $5.2, up by 1.8% from its last closing price of $5.1. This was supported by strong growth in the company’s key areas of business such as digital payments, investments and wealth management, and consumer finance. The company has seen a growing demand for its products and services due to the increasing recognition of the need for digital financial solutions in the modern economy.
In addition, FINVOLUTION GROUP has invested heavily in developing new technologies to further strengthen their product portfolio and enhance customer experience. This has enabled them to improve their market competitiveness and increase market share. Overall, FINVOLUTION GROUP’s second quarter reports illustrate a positive outlook for the company and its future growth potential. With consistent financial performance in the second quarter and technological advancements, the company is well positioned to capitalize on the opportunity in the digital financial services sector in the years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Finvolution Group. More…
| Total Revenues | Net Income | Net Margin |
| 12.29k | 2.4k | 19.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Finvolution Group. More…
| Operations | Investing | Financing |
| 1.81k | -827.22 | -1.91k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Finvolution Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.71k | 8.59k | 46.37 |
Key Ratios Snapshot
Some of the financial key ratios for Finvolution Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.2% | 7.2% | 21.1% |
| FCF Margin | ROE | ROA |
| 14.3% | 12.7% | 7.5% |
Analysis – Finvolution Group Intrinsic Value Calculator
GoodWhale’s analysis of FINVOLUTION GROUP‘s wellbeing shows that the intrinsic value of FINVOLUTION GROUP share is around $5.7, as calculated by our proprietary Valuation Line. This makes FINVOLUTION GROUP share a great buy since it is currently traded at $5.2 – an 8.5% discount on the intrinsic value. We believe this share is an exciting opportunity and could offer great returns going into the future. More…
Peers
The competition among FinVolution Group, LexinFintech Holdings Ltd, Enova International Inc, and Wisr Ltd is intense. All four companies are striving to provide the best financial products and services to their customers. Each company has its own strengths and weaknesses, and all are trying to stay ahead of the competition. While FinVolution Group may have the upper hand at the moment, its competitors are not far behind and are constantly trying to catch up.
– LexinFintech Holdings Ltd ($NASDAQ:LX)
As of 2022, LexinFintech Holdings Ltd has a market cap of 298.71M and a Return on Equity of 10.43%. The company is a leading online consumer finance platform in China that provides innovative financial products and services to young professionals and middle-income earners. The company’s products and services include online personal loans, credit cards, and investment products. LexinFintech Holdings Ltd is headquartered in Shenzhen, China.
– Enova International Inc ($NYSE:ENVA)
Enova International Inc. is a provider of online financial services. The company offers loans, lines of credit, and merchant cash advances to small businesses and consumers. It operates in the United States, the United Kingdom, Australia, and Canada. Enova International Inc. was founded in 1998 and is headquartered in Chicago, Illinois.
– Wisr Ltd ($ASX:WZR)
Wisr Ltd is an online lending platform that operates in Australia. The company has a market cap of 103.07M as of 2022 and a Return on Equity of -1.04%. Wisr Ltd offers personal loans, car loans, and other types of loans to consumers and small businesses. The company was founded in 2013 and is headquartered in Sydney, Australia.
Summary
FINVOLUTION GROUP’s second quarter of FY2023 saw total revenue reach CNY 3075.7 million, representing a 15.4% increase from the same period last year. Though this was encouraging, net income decreased by 4.6%, coming in at CNY 554.4 million. Investors should take note of this decrease in net income, despite the overall growth in revenue, and consider whether this could be an indicator of future challenges. Conversely, the increase in revenue could be a sign of potential upside for investors and should be monitored closely.
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