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General information

Country: CHINA

Sector: Credit Services

X Financial engages in the development and provision of technology platform for personal finance services. The company is headquartered in Shenzhen, Guangdong and currently employs 744 full-time employees. The Company’s products primarily include Xiaoying Card Loan and Xiaoying Preferred Loan. The firm is also engaged in the provision of investment opportunities to investors through its wealth management platform, Xiaoying Wealth Management. The Company’s WinSAFE risk control system builds risk profiles of its prospective borrowers upon data from credit information providers.
Website: xiaoyinggroup.com



Growth: Good revenue growth rate 20.9%, there is slowdown compared to average historical growth rates 47.2%. The revenue growth dynamics is unstable

Profitability: LTM net profit margin is positive, +24.8%. On average the margin is decreasing unsteadily. Gross margin is normal, +28.4%. In the last quarter the company did not beat the estimated EPS. The company was ahead of estimated EPS in 75% of quarters (showing a gain of +$0.15 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 8.8%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 134.0% higher than minimum and 77.0% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 4.6x by P / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: XYF
Share price, USD:  (-1.0%)3.79
year average price 4.04  


year start price 3.48 2023-04-28

min close price 3.04 2023-05-04

max close price 5.00 2023-07-31

current price 3.79 2024-04-26
Common stocks: 53 623 702

Dividend Yield:  8.8%
P / E LTM: 1.2x
P / E annualized: 1.9x
Last revenue growth (y/y):  20.9%
Last growth of Net Income (y/y):  -32.5%
Historical revenue growth:  47.2%
Historical growth of Net Income:  58.7%
P / Sales: 0.3x
Margin (Net Income LTM / Revenue): 24.8%
Fundamental value created in LTM:
Market Cap ($m): 203
Price to Book: 0.3x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-11-23Seeking Alpha

X Financial (XYF) Q3 2023 Earnings Call Transcript

2023-08-29Seeking Alpha

X Financial (XYF) Q2 2023 Earnings Call Transcript

2023-05-25Seeking Alpha

X Financial (XYF) Q1 2023 Earnings Call Transcript

2023-05-18PRNewsWire

X Financial to Report First Quarter 2023 Financial Results on May 25, 2023

2023-05-01PennyStocks

3 Hot Penny Stocks To Watch After JPMorgan, FRC Stock News
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol XYF XYF XYF XYF XYF XYF XYF
reportedCurrency CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2023-04-27 2022-09-30 2022-06-30
acceptedDate 2023-12-30 19:00:00 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-31 00:00:00 2023-04-27 16:04:16 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
revenue 1 193M 564M 543M 386M 467M 351M 312M
costOfRevenue 855M 865M 725M 0 0 0 0
grossProfit 338M -301M -182M 386M 467M 351M 0
grossProfitRatio 0.283 -0.534 -0.335 1.000 1.000 1.000 0
researchAndDevelopmentExpenses 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 48M 49M 44M 46M 42M 43M 41M
sellingAndMarketingExpenses 4M 3M 3M 2M 2M 4M 5M
sellingGeneralAndAdministrativeExpenses 58M 52M 48M 48M 45M 46M 46M
otherExpenses 0 5M 7M 11M 9M 6M 6M
operatingExpenses 113M 57M 55M 59M 54M 52M 0
costAndExpenses 967M 57M 55M 59M 2 315 247M 52M 0
interestIncome 901 000 294M 266M 252M 249M 252M 236M
interestExpense 0 0 0 0 19 709M 0 0
depreciationAndAmortization 2M 2M 2M -6M -1 309 842M 0 0
ebitda 282M 421M 453M 337M 350M 303M 228M
ebitdaratio 0.236 0.747 0.835 0.872 0.749 0.864 0.731
operatingIncome 280M 421M 453M 343M 1 310 192M 303M 0
operatingIncomeRatio 0.235 0.747 0.835 0.888 2806.115 0.864 0
totalOtherIncomeExpensesNet -55M -4M -9M -13M -1 309 810M 67 000 0
incomeBeforeTax 225M 417M 444M 331M 383M 303M 220M
incomeBeforeTaxRatio 0.188 0.740 0.818 0.856 0.819 0.864 0.706
incomeTaxExpense 36M 74M 87M 53M 75M 91M 42M
netIncome 189M 347M 366M 284M 275M 212M 186M
netIncomeRatio 0.158 0.616 0.675 0.736 0.588 0.604 0.596
eps 3.840 7.260 7.620 5.940 5.280 3.960 3.360
epsdiluted 3.850 7.020 7.500 5.820 5.160 3.840 3.300
weightedAverageShsOut 49M 48M 48M 48M 52M 54M 55M
weightedAverageShsOutDil 49M 50M 49M 49M 53M 55M 57M
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Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol XYF XYF XYF XYF XYF XYF XYF
reportedCurrency CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2023-04-27 2022-09-30 2022-06-30
acceptedDate 2023-12-30 19:00:00 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-31 00:00:00 2023-04-27 16:04:16 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 1 195M 3 257M 3 080M 2 806M 2 373M 2 285M 2 395M
shortTermInvestments 0 0 0 0 0 0 0
cashAndShortTermInvestments 1 195M 3 257M 3 080M 2 806M 2 373M 2 285M 2 395M
netReceivables 1 660M 1 741M 1 494M 1 272M 1 162M 922M 731M
inventory 1.000 1.000 -6 698M 0 0 0 0
otherCurrentAssets 7 457M 6 989M 6 698M 0 0 0 0
totalCurrentAssets 10 312M 4 998M 4 573M 4 078M 3 535M 3 207M 0
propertyPlantEquipmentNet 9M 9M 7M 6M 6M 5M 5M
goodwill 0 0 0 0 78.000 0 0
intangibleAssets 37M 37M 36M 0 37M 0 0
goodwillAndIntangibleAssets 37M 37M 36M 36M 37M 37M 36M
longTermInvestments 1 102M 781M 719M 685M 689M 734M 715M
taxAssets 0 0 0 0 0 0 0
otherNonCurrentAssets 191M -827M -762M -727M -731M -776M 0
totalNonCurrentAssets 1 338M 827M 762M 727M 731M 776M 0
otherAssets 0 5 337M 5 081M 4 523M 4 572M 4 690M 8 407M
totalAssets 11 650M 11 161M 10 417M 9 328M 8 838M 8 673M 8 407M
accountPayables 0 0 0 0 195M 0 0
shortTermDebt 565M 558M 663M 463M 70M 90M 20M
taxPayables 0 700M 649M 571M 526M 494M 449M
deferredRevenue 0 0 0 0 0 0 0
otherCurrentLiabilities 1 505M -558M -663M -463M -195M -90M 0
totalCurrentLiabilities 2 070M 558M 663M 463M 70M 90M 0
longTermDebt 38M 41M 0 0 11M 0 0
deferredRevenueNonCurrent 0 1M 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 43M 9M 618 000 722 000 2M 2M
otherNonCurrentLiabilities 3 696M -43M -9M 462M 58M -90M 0
totalNonCurrentLiabilities 3 733M 43M 9M 463M 70M 90M 0
otherLiabilities 0 4 843M 4 368M 3 359M 3 944M 3 962M 4 045M
capitalLeaseObligations 38M 41M 0 0 11M 0 0
totalLiabilities 5 803M 5 444M 5 040M 4 285M 4 084M 4 143M 4 045M
preferredStock 0 0 0 0 0 0 0
commonStock 207 000 207 000 207 000 207 000 207 000 207 000 207 000
retainedEarnings 2 692M 2 562M 2 215M 1 907M 1 623M 1 348M 1 136M
accumulatedOtherComprehensiveIncomeLoss 69M 77M 84M 56M 64M 76M 39M
othertotalStockholdersEquity 3 085M 3 078M 3 079M 3 079M 3 067M 3 105M 3 186M
totalStockholdersEquity 5 847M 5 717M 5 377M 5 043M 4 753M 4 530M 4 361M
totalEquity 5 847M 5 717M 5 377M 5 043M 4 753M 4 530M 4 361M
totalLiabilitiesAndStockholdersEquity 11 650M 11 161M 10 417M 9 328M 8 838M 8 673M 8 407M
minorityInterest 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 11 650M 11 161M 10 417M 9 328M 8 838M 8 673M 8 407M
totalInvestments 1 102M 781M 719M 685M 689M 734M 0
totalDebt 603M 558M 663M 463M 82M 90M 20M
netDebt -593M -2 699M -2 417M -2 343M -2 291M -2 195M -2 375M
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Cash Flow Statement

Property 2023 q3 2023 q2 2022 q4 2021 q4 2020 q3 2020 q2
date 2023-09-30 2023-06-30 2022-12-31 2021-12-31 2020-09-30 2020-06-30
symbol XYF XYF XYF XYF XYF XYF
reportedCurrency USD USD USD USD CNY CNY
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2023-04-27 2022-04-28 2020-09-30 2020-06-30
acceptedDate 2023-09-28 20:00:00 2023-06-28 20:00:00 2023-04-27 16:04:16 2022-04-28 06:48:18 2020-09-29 20:00:00 2020-06-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2021.000 2020.000 2020.000
period Q3 Q2 Q4 Q4 Q3 Q2
netIncome 48M 52M 825 621M 774 691M -113M -344M
depreciationAndAmortization 0 0 8 130M 11 375M 0 0
deferredIncomeTax 0 0 333 423M -164 909M 0 0
stockBasedCompensation 0 0 88 435M 157 116M 0 0
changeInWorkingCapital 0 0 1 069M 1 069M 0 0
accountsReceivables 0 0 77 197M 241 136M 0 0
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital 0 0 -76 128M -240 067M 0 0
otherNonCashItems -48M -52M -807 308M -178 576M 113M 344M
netCashProvidedByOperatingActivities 0 0 449 370M 600 766M 0 0
investmentsInPropertyPlantAndEquipment 0 0 -2 592M -15 115M 0 0
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 -427 844M 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites 0 0 -1 917 403M -3 064 911M 0 0
netCashUsedForInvestingActivites 0 0 -2 347 839M -3 080 026M 0 0
debtRepayment 0 0 0 0 0 0
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid 0 0 0 -103 197M 0 0
otherFinancingActivites 0 0 1 300 776M 2 813 849M 0 0
netCashUsedProvidedByFinancingActivities 0 0 1 300 776M 2 710 652M 0 0
effectOfForexChangesOnCash 0 0 11M 11M 0 0
netChangeInCash 22M 35M -597 682M 231 403M 0 0
cashAtEndOfPeriod 528M 506M 992 039M 1 520 303M 0 0
cashAtBeginningOfPeriod 506M 471M 1 589 720M 1 288 900M 0 0
operatingCashFlow 0 0 449 370M 600 766M 0 0
capitalExpenditure 0 0 -2 592M -15 115M 0 0
freeCashFlow 0 0 446 778M 585 651M 0 0
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finalLink Link Link

Earning call transcript

2024 q1
2024-03-27 ET (fiscal 2023 q4)
2023 q3
2023-11-23 ET (fiscal 2023 q3)
2023 q2
2023-08-29 ET (fiscal 2023 q2)
2023 q1
2023-05-25 ET (fiscal 2023 q1)
2022 q3
2022-11-17 ET (fiscal 2022 q3)
2022 q2
2022-08-09 ET (fiscal 2022 q2)
2022 q1
2022-05-24 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-03-26 20:50 ET
X Financial Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results
2024-03-21 10:00 ET
X Financial to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 27, 2024
2023-11-22 21:50 ET
X Financial Reports Third Quarter 2023 Unaudited Financial Results
2023-11-17 11:00 ET
X Financial to Hold Annual General Meeting on December 22, 2023
2023-11-17 10:00 ET
X Financial to Report Third Quarter 2023 Financial Results on November 22, 2023
2023-08-28 20:50 ET
X Financial Reports Second Quarter 2023 Unaudited Financial Results
2023-08-23 10:00 ET
X Financial to Report Second Quarter 2023 Financial Results on August 29, 2023
2023-05-24 20:50 ET
X Financial Reports First Quarter 2023 Unaudited Financial Results
2023-05-18 10:00 ET
X Financial to Report First Quarter 2023 Financial Results on May 25, 2023
2023-04-27 22:18 ET
X Financial Files Annual Report on Form 20-F for Fiscal Year 2022
2023-03-30 20:50 ET
X Financial Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results
2023-03-29 20:10 ET
X Financial to Report Fourth Quarter and Fiscal Year 2022 Financial Results on March 31, 2023
2022-11-16 21:50 ET
X Financial Reports Third Quarter 2022 Unaudited Financial Results
2022-11-14 22:00 ET
X Financial to Hold Annual General Meeting on December 9, 2022
2022-11-10 10:00 ET
X Financial to Report Third Quarter 2022 Financial Results on November 17, 2022
2022-09-30 10:00 ET
X Financial Upsizes Share Repurchase Program to US$20 Million
2022-08-08 21:00 ET
X Financial Reports Second Quarter 2022 Unaudited Financial Results
2022-07-27 12:21 ET
X Financial to Report Second Quarter 2022 Financial Results on August 9, 2022
2022-05-23 21:00 ET
X Financial Reports First Quarter 2022 Unaudited Financial Results
2022-05-17 11:18 ET
X Financial to Report First Quarter 2022 Financial Results on May 24, 2022
2022-05-06 10:00 ET
X Financial Provides Update on its Status under the Holding Foreign Companies Accountable Act
2022-04-28 11:47 ET
X Financial Files Annual Report on Form 20-F for Fiscal Year 2021
2022-03-30 21:00 ET
X Financial Reports Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results
2022-03-22 10:00 ET
X Financial to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 31, 2022
2021-12-29 22:00 ET
X Financial Announces Results of 2021 Annual General Meeting of Shareholders
2021-11-22 22:00 ET
X Financial Reports Third Quarter 2021 Unaudited Financial Results
2021-11-16 22:00 ET
X Financial to Hold Annual General Meeting on December 29, 2021
2021-11-15 10:00 ET
X Financial to Report Third Quarter 2021 Financial Results on November 23, 2021
2021-08-09 21:00 ET
X Financial Reports Second Quarter 2021 Unaudited Financial Results
2021-08-02 11:00 ET
X Financial to Report Second Quarter 2021 Financial Results on August 10, 2021
2021-06-15 20:50 ET
X Financial Reports First Quarter 2021 Unaudited Financial Results
2021-06-11 11:00 ET
X Financial to Report First Quarter 2021 Financial Results on June 16, 2021
2021-05-26 09:30 ET
X Financial Obtains National Online Microcredit Business Operating License
2021-05-24 09:00 ET
X Financial Announces New President Appointment
2021-05-15 02:40 ET
X Financial Files Annual Report on Form 20-F for Fiscal Year 2020
2021-04-23 20:50 ET
X Financial Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
2021-04-19 10:00 ET
X Financial Postpones Release of Fourth Quarter and Fiscal Year 2020 Financial Results to April 23, 2021
2021-04-08 10:00 ET
X Financial to Report Fourth Quarter and Fiscal Year 2020 Financial Results on April 20, 2021
2021-03-02 11:00 ET
X Financial Announces its Investment in a VC Fund Managed by Dragonfly Ventures II, L.P.
2020-12-03 11:00 ET
X Financial Regains Compliance with NYSE Minimum Price Continued Listing Criterion
2020-12-01 22:00 ET
X Financial Reports Third Quarter 2020 Unaudited Financial Results
2020-11-24 11:00 ET
X Financial to Report Third Quarter 2020 Financial Results on December 2, 2020
2020-11-10 22:00 ET
X Financial Announces ADS Ratio Change
2020-11-09 22:00 ET
X Financial to Hold Annual General Meeting on December 11, 2020
2020-08-20 21:05 ET
X Financial Reports Second Quarter 2020 Unaudited Financial Results
2020-08-20 21:00 ET
X Financial Appoints New Chief Financial Officer
2020-08-11 11:00 ET
X Financial to Report Second Quarter 2020 Financial Results on August 21, 2020
2020-06-29 21:00 ET
X Financial Reports First Quarter 2020 Unaudited Financial Results

SEC forms

Show financial reports only

SEC form 6
2024-03-26 17:00 ET
X Financial published news for 2023 q4
SEC form 6
2024-03-26 17:00 ET
X Financial reported for 2023 q4
SEC form 6
2023-11-22 17:00 ET
X Financial reported for 2023 q3
SEC form 6
2023-11-17 06:30 ET
X Financial published news for 2023 q3
SEC form 6
2023-08-28 17:00 ET
X Financial reported for 2023 q2
SEC form 6
2023-05-24 17:00 ET
X Financial reported for 2023 q1
SEC form 6
2023-04-27 16:04 ET
X Financial published news for 2023 q1
SEC form 6
2023-03-30 17:00 ET
X Financial reported for 2022 q4
SEC form 6
2022-11-16 17:00 ET
X Financial published news for 2022 q3
SEC form 6
2022-11-14 17:10 ET
X Financial published news for 2022 q3
SEC form 6
2022-09-30 06:10 ET
X Financial published news for 2022 q2
SEC form 6
2022-08-08 17:10 ET
X Financial published news for 2022 q2
SEC form 6
2022-05-23 17:10 ET
X Financial published news for 2022 q1
SEC form 6
2022-05-10 06:21 ET
X Financial published news for 2022 q1
SEC form 6
2022-04-28 06:48 ET
X Financial published news for 2022 q1
SEC form 6
2022-03-30 17:10 ET
X Financial published news for 2021 q4
SEC form 6
2021-12-29 17:10 ET
X Financial published news for 2021 q3
SEC form 6
2021-11-22 16:10 ET
X Financial published news for 2021 q3
SEC form 6
2021-11-19 16:10 ET
X Financial published news for 2021 q3
SEC form 6
2021-08-09 17:00 ET
X Financial published news for 2021 q2
SEC form 6
2021-06-15 17:03 ET
X Financial published news for 2021 q1
SEC form 6
2021-05-26 06:09 ET
X Financial published news for 2021 q1
SEC form 6
2021-05-24 06:08 ET
X Financial published news for 2021 q1
SEC form 6
2021-05-14 17:01 ET
X Financial published news for 2021 q1
SEC form 6
2021-04-29 06:05 ET
X Financial published news for 2021 q1
SEC form 6
2021-04-23 17:00 ET
X Financial published news for 2021 q1
SEC form 6
2021-03-02 06:10 ET
X Financial published news for 2020 q4
SEC form 6
2020-12-03 06:16 ET
X Financial published news for 2020 q3
SEC form 6
2020-12-01 17:10 ET
X Financial published news for 2020 q3
SEC form 6
2020-11-10 17:10 ET
X Financial published news for 2020 q3
SEC form 6
2020-11-09 17:10 ET
X Financial published news for 2020 q3