Lexinfintech Holdings Intrinsic Stock Value – LEXINFINTECH HOLDINGS Reports Impressive Q2 Earnings for FY2023
September 2, 2023
☀️Earnings Overview
On August 30, 2023, LEXINFINTECH HOLDINGS ($NASDAQ:LX) reported their financial results for the quarter ending June 30, 2023. Total revenue was CNY 3055.8 million, a 26.6% year-over-year increase, and net income was CNY 355.7 million, an increase of 115.9% compared to the previous year.
Price History
On Wednesday, shares of LEXINFINTECH HOLDINGS (LX) opened at $2.4 and closed at $2.4, an 8.0% rise from its previous closing price of $2.2. This surge in stock price came after the announcement of impressive Q2 earnings for FY2023. This is the second consecutive quarter of strong earnings for LEXINFINTECH HOLDINGS, signaling a string of positive financial performance. This demonstrated the company’s success in expanding its customer base and retaining existing customers.
The strong financial performance and growth in customers also led to the company’s share price surge. This is a positive sign for investors and stakeholders who are looking to gain from the company’s upside potential. With such impressive results in the second quarter, LEXINFINTECH HOLDINGS looks set to continue its trend of strong revenue growth and profitability for the remainder of FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lexinfintech Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 11.78k | 1.26k | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lexinfintech Holdings. More…
| Operations | Investing | Financing |
| 98.84 | -2.41k | 1.11k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lexinfintech Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.89k | 14.52k | 57.5 |
Key Ratios Snapshot
Some of the financial key ratios for Lexinfintech Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.0% | -12.8% | 13.7% |
| FCF Margin | ROE | ROA |
| -0.4% | 10.9% | 4.2% |
Analysis – Lexinfintech Holdings Intrinsic Stock Value
We at GoodWhale have recently conducted an analysis of LEXINFINTECH HOLDINGS‘s wellbeing. After completing our proprietary Valuation Line, we have determined that the intrinsic value of LEXINFINTECH HOLDINGS share is around $6.3. Interestingly, the stock is currently being traded at $2.4 which is a 62.2% undervaluation of what its true value should be. This shows that LEXINFINTECH HOLDINGS is currently undervalued and presents an opportunity for investors to benefit from the current discrepancy in price. More…
Peers
The company offers a wide range of products and services, including unsecured consumer loans, credit cards, and investment products. FinVolution Group, Pintec Technology Holdings Ltd, Creditshelf AG are all competitors in the online consumer finance industry.
– FinVolution Group ($NYSE:FINV)
Finnovolution Group is a global provider of innovative financial technology solutions. The company has a market cap of 1.38B as of 2022 and a return on equity of 14.08%. Finnovolution Group’s mission is to provide cutting-edge technology solutions that enable financial institutions to better serve their customers and meet their strategic objectives. The company’s products and services are used by some of the world’s leading banks, insurers, and other financial institutions.
– Pintec Technology Holdings Ltd ($NASDAQ:PT)
Pintec Technology Holdings Ltd is a leading technology provider that offers innovative solutions for the financial services industry. The company has a strong focus on providing cutting-edge technology and services to its clients. Pintec Technology Holdings Ltd has a market cap of 3.73M as of 2022, a Return on Equity of 22.53%. The company has a strong focus on providing cutting-edge technology and services to its clients. Pintec Technology Holdings Ltd is committed to helping its clients meet their ever-changing needs and exceed their expectations.
– Creditshelf AG ($BER:CSQ)
CreditShelf AG operates as an online platform for small business loans in Germany. The company offers loans with a term of six to 60 months for working capital, investments, and refinancing. It also provides loans for the purchase of receivables. The company was founded in 2014 and is headquartered in Frankfurt, Germany.
Summary
Investors interested in LexinFintech Holdings may be encouraged by the company’s second quarter performance of FY 2023. Total revenue increased by 26.6%, coming in at CNY 3055.8 million, while net income saw a more impressive year-over-year increase of 115.9%. On the back of this financial success, the stock price rose on the same day. Investors should use caution when evaluating LexinFintech, however, as the company’s future performance is dependent on continued economic growth in China and other parts of the world.
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