Lexinfintech Holdings Intrinsic Value – LEXINFINTECH HOLDINGS Reveals Q2 FY2023 Earnings Results for June 30 2023
September 7, 2023
🌥️Earnings Overview
On August 30 2023, LEXINFINTECH HOLDINGS ($NASDAQ:LX) released their earnings report for the quarter ending June 30 2023. Revenue for the quarter was CNY 3055.8 million, marking a 26.6% year-on-year increase. Net income grew an impressive 115.9%, reaching CNY 355.7 million compared to the same period last year.
Price History
On Wednesday, LEXINFINTECH HOLDINGS revealed their earnings results for the 2nd quarter of fiscal year 2023 ending June 30, 2023. The company’s stock opened at $2.4 and closed at that same price, having risen 8.0% from the last closing price of $2.2. This strong earnings report was met with widespread approval from investors. LEXINFINTECH HOLDINGS has been on a steady path of growth for the past two quarters, with their stock prices increasing each quarter. This upward momentum has been further bolstered by the company’s announced partnerships with several major financial institutions in the past year, as well as their ongoing efforts to expand their services and offerings to better respond to customer needs.
Overall, this latest earnings report is great news for investors of LEXINFINTECH HOLDINGS. The stock price continues to rise and the company’s partnerships and efforts are yielding positive results. With such an impressive performance in this quarter, investors can expect continued growth of LEXINFINTECH HOLDINGS in the future. 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 Value
At GoodWhale, we conducted an analysis of LEXINFINTECH HOLDINGS‘ financials to determine its intrinsic value. Through our proprietary Valuation Line, we determined that the intrinsic value of the company’s share is around $4.9. Currently, the LEXINFINTECH HOLDINGS stock is being traded at $2.4, which means it is undervalued by 51.3%. More…
Peers
The company offers a wide range of products and services, including unsecured consumer loans, credit cards, and investment products. FinVolution Group, Pintec Technology Holdings Ltd, Creditshelf AG are all competitors in the online consumer finance industry.
– FinVolution Group ($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 in LexinFintech Holdings are encouraged by the company’s Q2 FY2023 earnings results, which saw total revenue increase 26.6% year-over-year, and net income surge 115.9%. This strong performance resulted in a positive stock price reaction on the same day. Going forward, analysts are optimistic that the growth trajectory of LexinFintech Holdings will remain intact, as the company continues to capitalize on the expanding online financial services market in China. Investors should consider this stock as a potential long-term holding due to its robust performance and bright outlook.
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