Lufax Holding Intrinsic Value Calculator – LUFAX HOLDING Reports 2Q FY2023 Earnings Results for June 30 2023 on August 22 2023
August 31, 2023
🌥️Earnings Overview
On August 22 2023, LUFAX HOLDING ($NYSE:LU) reported their earnings results for the second quarter of FY2023, which concluded on June 30 2023. Compared to the same period last year, total revenue for the quarter had dropped by 43.9%, to CNY 7.6 billion. Net income for the quarter also decreased year over year, to CNY 0.97 billion, a 66.7% decrease.
Price History
The company’s stock opened at $1.3 and closed at $1.2, representing a 4.6% decline from its previous closing price of $1.3. LUFAX HOLDING attributed their lower performance for the quarter to lower demand for their services, especially in the financial services sector. They also mentioned the impact of the current economic climate on their profitability and future outlook. Despite these challenges, they remain optimistic that their strategies will help them achieve their long-term goals.
Overall, LUFAX HOLDING reported lower than expected results for the second quarter of FY2023, but they remain committed to improving their performance in the future. Investors are advised to keep a close eye on the company’s progress as the year progresses. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lufax Holding. More…
| Total Revenues | Net Income | Net Margin |
| 36.71k | 2.15k | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lufax Holding. More…
| Operations | Investing | Financing |
| 12.47k | -2.66k | -14.24k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lufax Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 280.88k | 186.06k | 40.71 |
Key Ratios Snapshot
Some of the financial key ratios for Lufax Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.0% | – | – |
| FCF Margin | ROE | ROA |
| 33.7% | 2.6% | 0.9% |
Analysis – Lufax Holding Intrinsic Value Calculator
At GoodWhale, we recently performed an analysis on LUFAX HOLDING‘s well-being. After extensive research and consideration, our proprietary Valuation Line determined that the fair value of LUFAX HOLDING share is around $1.4. However, LUFAX HOLDING stock is currently traded at a price of $1.2. This implies that the stock is undervalued by 15.2%. As such, this presents an opportunity for investors to take advantage and purchase the stock at a fair price. More…
Peers
Lufax Holding Ltd, a leading online wealth management platform in China, competes with LexinFintech Holdings Ltd, SY Holdings Group Ltd, and Pintec Technology Holdings Ltd. Lufax offers a one-stop personal financial service platform that enables users to make informed decisions about their financial lives. The company’s mission is to use technology to make complex financial products and services more accessible and affordable for everyone. Lufax has built a strong reputation for innovation, customer service, and safety.
– LexinFintech Holdings Ltd ($NASDAQ:LX)
LexinFintech Holdings Ltd is a online consumer finance platform for young adults in China. The company offers micro-loans, credit products, and other financial services to its users. LexinFintech Holdings Ltd has a market cap of 289.49M as of 2022, a Return on Equity of 10.43%. The company is headquartered in Beijing, China.
– SY Holdings Group Ltd ($SEHK:06069)
PCCW Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications and media services. The Company operates its businesses through four segments. The Telecommunications segment is engaged in the provision of fixed-line, mobile, broadband Internet and Wi-Fi services, as well as related value-added services, including local data and voice services, long distance and international voice services, value-added services and data services. The Media segment is engaged in the provision of pay television services, such as Chinese and English channels, as well as other language channels, including Asian channels, sports channels and premium channels. The System Integration segment is engaged in the provision of information technology (IT) solutions and services. The Others segment is engaged in the provision of other services.
– Pintec Technology Holdings Ltd ($NASDAQ:PT)
Pintec Technology Holdings Ltd is a leading provider of fintech solutions in China. The company offers a comprehensive range of fintech products and services, including online payments, mobile payments, e-commerce, and lending. Pintec Technology Holdings Ltd has a market cap of 3.73M as of 2022, a Return on Equity of 22.53%. The company’s strong market position and growth potential make it an attractive investment option for investors seeking exposure to the Chinese fintech sector.
Summary
LUFAX HOLDING reported their second quarter FY2023 earnings on August 22, 2023. Total revenue decreased by 43.9%, and net income decreased by 66.7%. Stock prices dropped in response to the news of the decrease in profits.
Investors should carefully consider the risks associated with investing in LUFAX HOLDING, as the company’s decreased profits may point to future struggles. Companies with high levels of revenue and profit are generally more attractive to investors, so it is important to weigh the risks when making an investing decision.
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