Finvolution Group ADR FINV

$3.01 +0.09 (3.08%)

Valuation

Market cap
710,404,000
Revenue TTM
$1,940,410,000
Net income TTM
$363,560,000
PE ratio
2.54
Forward PE
—
Profit margin
18.74%
Debt to equity
0.03

Trading

Volume
423,700
Avg volume
941,898
Day's range
$2.92 – $3.03
Shares out
243,289,000
Stochastic %K
36%
Beta
0.33
Analysts
Strong Sell
Price target
$6.70

Price

Company profile

FinVolution Group, an investment holding company, operates in the online consumer finance industry in the People's Republic of China, Indonesia, Philippines, and internationally. It operates an online consumer finance platform through its ppdai.com and PPDai mobile application; AdaKami, an online loan platform; and JuanHand for lending and other personalized financial services. The company was formerly known as PPDAI...

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FinVolution Group, an investment holding company, operates in the online consumer finance industry in the People's Republic of China, Indonesia, Philippines, and internationally. It operates an online consumer finance platform through its ppdai.com and PPDai mobile application; AdaKami, an online loan platform; and JuanHand for lending and other personalized financial services. The company was formerly known as PPDAI Group Inc. and changed its name to FinVolution Group in November 2019. FinVolution Group was founded in 2007 and is headquartered in Shanghai, the People's Republic of China.

Industry
Credit Services
Sector
Financial Services
Phone
86 21 8030 3200
Website
https://ir.finvgroup.com
Address
Building G1, No. 999 Dangui Road Pudong New District, Shanghai, China

Latest news

Stocktwits

Mo_Better Oct 6, 5:45 PM
$QFIN $LU $LX $FINV whatever you or I, who are bag holding long one or more of these boat anchors may think, the shorts were right on this crap…. longs were dead wrong.
2 replies
mctrad3 Oct 4, 5:00 PM
$FINV it’s going back to all time low around $1.50?
0 replies
rogersmyth Oct 2, 2:48 PM
$FINV Bought 18500 ADR. SUPER BULLISH. Virtually DBET FREE with 10% Dividn Yield. Expanded into international markets . $NASDAQ $SPY $BABA $DYD
0 replies
mctrad3 Oct 2, 2:02 PM
$LU $LX $FINV $QFIN @JohnTill make it stop going down! 😭
0 replies
JohnTill Sep 28, 3:13 PM
$QFIN Added at $7.17–$7.18, with bids sitting down into the low $6S just in case. We’ll see how far this gets pushed before calmer heads prevail. I probably shouldn’t say this out loud, but what if $FINV and QFIN decide they want to join that seemingly magnetic ~10% of tangible book value club that China fintech keeps gravitating toward these days? QFIN’s tangible book value is roughly $29 per share right now and $FINV is only $10 per share. At 10%, you can do the math but I am doubtful we get that bad for QFIN. 😬
1 replies
JohnTill Sep 27, 5:12 PM
$LU $QFIN, $LX $FINV I don’t think most investors are prepared for how disruptive the next few months will be for China fintech lending, or how positive the end result could be for LU and likely QFIN. New rules start September 30. Facilitators can still refer borrowers, but the banks or CFC must control underwriting, loan limits, disbursement and repayment flows, while apps much disclosing true borrowing cost and cut out gimics. Combined with the Juzi scandal, this is already rapidly forcing weaker platforms to close and shifting power toward properly licensed, well-capitalized lenders like LU. The much bigger potential change could come in Oct-Nov. Regulators are expected to limiting each bank and CFC to just 10 loan-facilitation partners. That will reshape the industry. China still has 100s of meaningful facilitators, while larger banks and CFCs historically worked with dozens. If each lender can only choose 10, funding will concentrate with the largest and strongest platforms.
1 replies
JohnTill Sep 26, 6:52 PM
$LU $QFIN $LX $FINV I’ve been tracking the 31 licensed consumer-finance companies, to get a better sense of how China’s lending mess is progressing. In May-June, these companies net dropped 67 partner relationships. From July 1 through September 21, they dropped another 38 net partnerships. So the process of cutting off smaller and weaker loan facilitators is continuing. Over that period, FINV and LX lending affiliates were each dropped by five partners, while QFIN was dropped by four. QFIN still has more partnerships than anyone else, so those losses are probably far less meaningful for them. LU had no partnership changes, which isn’t surprising since they are a licensed CFC and no longer relies on the loan-facilitation model the way these players do. This is a major structural advantage in the market. Surprising, consumer-finance ABS issuance was flat vs last year. The change was 95% of issuance went to the largest platforms. This is where LU's balance sheet and licenses pay off.
0 replies
JohnTill Sep 13, 6:29 PM
$LU $LX $QFIN $FINV Recap time on all the moving parts... Juzi was a major fraud but reviews this past few weeks have not uncovered another Juzi. Banks initially panicked and dramatically reduced platform funding to loan facilitators. Regulators freaked that the reaction could create systemic problems and have told banks not to overreact. Funding has started to return to the stronger players. Weak/unlicensed/high-cost platforms are closing fast. New rules are being proposed to limit banks to just 10 third-party loan-assistance platforms. That is huge news and would further kill any smaller and underfunded players. Biggest risk now is how many people borrowed from several platforms and when one suddenly goes under the person can't refinance payments owed to other platforms. This will show in the in July–September numbers. LU appears the best positioned IMHO, while the classic facilitators remain much more exposed to external funding decisions. I would put QFIN a solid second.
2 replies