Qifu Technology Intrinsic Value Calculation – QIFU TECHNOLOGY Reports Third Quarter Fiscal Year 2023 Earnings Results for September 30 2023
November 26, 2023
🌥️Earnings Overview
QIFU TECHNOLOGY ($NASDAQ:QFIN) released its financial results for the third quarter of fiscal year 2023, ending September 30 2023, on November 16 2023. Total revenue was CNY 3483.4 million, a 6.0% increase from the previous year. Net income rose 15.0% year-over-year to CNY 1142.0 million.
Price History
The market opened with QIFU TECHNOLOGY stock at $15.7 and closed at $15.5. This represented a 5.7% drop since its prior closing price of $16.4. Analysts anticipate that QIFU TECHNOLOGY’s earnings for the fourth quarter of fiscal year 2023 will remain relatively unchanged from this quarter’s numbers. Despite slight drops in both net income and operating expenses, the company saw an increase in revenue and operating margins, as well as a decrease in short interest and an increase in debt-to-equity ratio. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qifu Technology. More…
| Total Revenues | Net Income | Net Margin |
| 13.06k | 4.05k | 31.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Qifu Technology. More…
| Operations | Investing | Financing |
| 6.56k | -10.94k | 2.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Qifu Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 46.04k | 24.91k | 130.39 |
Key Ratios Snapshot
Some of the financial key ratios for Qifu Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | – | – |
| FCF Margin | ROE | ROA |
| 50.0% | 14.8% | 6.7% |
Analysis – Qifu Technology Intrinsic Value Calculation
At GoodWhale, we provide comprehensive financial analysis of public companies. Today, we have taken a look at the financials of QIFU TECHNOLOGY. Our proprietary Valuation Line has determined that the intrinsic value of the QIFU TECHNOLOGY share is around $16.3. Currently, QIFU TECHNOLOGY stock is trading at $15.5, which is a fair price that is undervalued by 5.1%. Our evaluation suggests that investors can take advantage of this opportunity to purchase the stock while it is discounted. More…
Peers
The competition between 360 DigiTech Inc and its competitors is fierce. All four companies are vying for a share of the Chinese market for online lending platforms. 360 DigiTech Inc is the clear leader in terms of market share, but the other three companies are not far behind. LexinFintech Holdings Ltd, FinVolution Group, and Qudian Inc all have strong brands and are well-funded. They are all aggressive marketers and are constantly innovating to try to gain an edge over the competition.
– LexinFintech Holdings Ltd ($NASDAQ:LX)
LexinFintech Holdings Ltd is a Chinese fintech company that provides online financial services through its subsidiary, Fenqile. The company has a market cap of 298.71M as of 2022 and a Return on Equity of 10.43%. LexinFintech Holdings Ltd is a leading provider of online consumer finance in China. The company offers a suite of products and services including unsecured personal loans, credit products, and investment products.
– FinVolution Group ($NYSE:FINV)
FinVolution Group is a leading provider of online financial services in China. The company offers a wide range of products and services, including personal loans, micro-loans, credit management, and wealth management products. The company’s market cap as of 2022 is 1.41B, and its ROE is 14.08%. Founded in 2006, FinVolution Group has a strong track record of growth and profitability. The company is well-positioned to continue its growth in the Chinese online financial services market.
– Qudian Inc ($NYSE:QD)
Qudian Inc is a provider of small consumer credit products in China. The company offers cash loans, installment loans, and other credit products to borrowers through an online platform. It also provides value-added services, such as loan renewal and late payment insurance.
As of 2022, Qudian Inc had a market cap of 219.98M and a ROE of 2.23%. The company offers small consumer credit products in China through an online platform. It also provides value-added services, such as loan renewal and late payment insurance.
Summary
QIFU TECHNOLOGY reported its third quarter fiscal year 2023 earnings on November 16 2023, with total revenue of CNY 3483.4 million, an increase of 6.0% compared to the same period in the prior year. Net income was CNY 1142.0 million, a 15.0% year-over-year growth. Despite the strong earnings report, QIFU’s stock price moved down the same day.
Investing analysis of the company reveals a strong balance sheet and continued earnings growth, making it an attractive option for long-term investors looking for a stable return. The company has also shown a commitment to shareholders through regular dividend payments and share buybacks.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
