Finvolution Group Stock Fair Value – FINVOLUTION GROUP Announces Record-Breaking Earnings of CNY 3050.6 Million for FY2023 Q1.
May 28, 2023
Earnings Overview
On May 18 2023, FINVOLUTION GROUP ($NYSE:FINV) reported their earnings for the first quarter of FY 2023 (ending March 31 2023), showing total revenue of CNY 3050.6 million, a 24.7% increase from the same period last year. Net income also grew 30.2%, amounting to CNY 695.9 million.
Price History
On Thursday, FINVOLUTION GROUP (FNG) announced record-breaking financial results for its fiscal year 2023 first quarter. This impressive performance has resulted in a 0.5% decrease in FNG’s stock prices from the previous day’s closing price of 4.0 to 3.9 on the opening and closing of the day. The company attributed its success to its strong focus on customer service and its efforts in expanding its product range. FNG noted that its efforts in developing innovative products and services coupled with its efficient management and strong customer relationships resulted in improved profitability. Moreover, their continuous investments in digital channels, mobile banking, and other technology-based solutions have helped the company to reach out to a larger customer base and expand its reach in the financial services sector. FNG’s CEO, Mr. Wang Yubin, expressed his satisfaction with the results and said that the company is on track to reach its targeted goals for the year.
He also mentioned that this was only the beginning and that FNG would continue to work hard in order to sustain its growth into the future. Overall, it is clear that FINVOLUTION GROUP has achieved great success with this record-breaking financial performance. The company’s commitment to providing excellent customer service, investing in innovative products and services, and leveraging technology-based solutions have all played a major role in their success. With this strong foundation in place, FNG looks poised to continue its upwards trajectory in the coming quarters. 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 |
| 11.88k | 2.43k | 20.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Finvolution Group. More…
| Operations | Investing | Financing |
| 976.27 | 2k | -2.08k |
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 |
| 21.34k | 8.7k | 44.8 |
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 |
| 21.8% | 5.1% | 22.5% |
| FCF Margin | ROE | ROA |
| 7.8% | 13.4% | 7.8% |
Analysis – Finvolution Group Stock Fair Value
At GoodWhale, we have been diligently analyzing the financial data of FINVOLUTION GROUP. Our proprietary Valuation Line tool helped us to calculate the fair value for FINVOLUTION GROUP’s stock, which came out to be around $5.7. Unfortunately, FINVOLUTION GROUP stock is currently being traded at $3.9, undervaluing the stock by 31.1%. We believe this presents a great opportunity to purchase the stock at an attractive and discounted rate. More…
Peers
The competition among FinVolution Group, LexinFintech Holdings Ltd, Enova International Inc, and Wisr Ltd is intense. All four companies are striving to provide the best financial products and services to their customers. Each company has its own strengths and weaknesses, and all are trying to stay ahead of the competition. While FinVolution Group may have the upper hand at the moment, its competitors are not far behind and are constantly trying to catch up.
– LexinFintech Holdings Ltd ($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
Investors interested in FINVOLUTION GROUP will be pleased to know that the company reported record-breaking financial results for the first quarter of fiscal year 2023. Total revenue increased 24.7% year over year to CNY 3050.6 million and net income jumped 30.2% to CNY 695.9 million. This performance is indicative of the company’s strong operational performance and its ability to capitalize on developing trends in the market. FINVOLUTION GROUP remains an attractive investment opportunity for investors looking for long-term growth potential.
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