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360 Finance Inc (QFIN)
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Upturn Advisory Summary
01/21/2025: QFIN (5-star) is a STRONG-BUY. BUY since 34 days. Profits (2.28%). Updated daily EoD!
Upturn Star Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 66.43% | Avg. Invested days 39 | Today’s Advisory Regular Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.05B USD | Price to earnings Ratio 8.02 | 1Y Target Price 43.21 |
Price to earnings Ratio 8.02 | 1Y Target Price 43.21 | ||
Volume (30-day avg) 1178335 | Beta 0.66 | 52 Weeks Range 13.03 - 40.31 | Updated Date 01/21/2025 |
52 Weeks Range 13.03 - 40.31 | Updated Date 01/21/2025 | ||
Dividends yield (FY) 3.65% | Basic EPS (TTM) 4.86 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 28.08% | Operating Margin (TTM) 42.59% |
Management Effectiveness
Return on Assets (TTM) 10.7% | Return on Equity (TTM) 21.98% |
Valuation
Trailing PE 8.02 | Forward PE 3.27 | Enterprise Value 4496780288 | Price to Sales(TTM) 0.35 |
Enterprise Value 4496780288 | Price to Sales(TTM) 0.35 | ||
Enterprise Value to Revenue 3.11 | Enterprise Value to EBITDA - | Shares Outstanding 155254000 | Shares Floating 239534080 |
Shares Outstanding 155254000 | Shares Floating 239534080 | ||
Percent Insiders 1.02 | Percent Institutions 69.3 |
AI Summary
360 Finance Inc.: A Comprehensive Overview
Company Profile
Detailed History and Background
360 Finance Inc. (NASDAQ: QFIN) is a leading financial technology (FinTech) company in China. Founded in 2010 as 360 Jucai, the company initially focused on providing online wealth management products. However, it transitioned to lending services in 2013 and rebranded as 360 Finance Inc. in 2016.
360 Finance has established itself as a key player in the Chinese consumer finance market, leveraging its technological expertise and data analytics capabilities. The company has witnessed rapid growth, expanding its product offerings and user base significantly.
Core Business Areas
360 Finance operates in two primary business segments:
- Consumer Credit: This segment offers various online credit products, including personal loans, consumer finance products, and cash loans, to millions of individual borrowers across China.
- Financial Technology Services: This segment provides technology-driven solutions to financial institutions and other businesses, including wealth management products, risk management tools, and data analytics services.
Leadership and Corporate Structure
360 Finance is led by a team of experienced executives:
- Founder and CEO: Mr. Haiquan Zhou
- President: Mr. Kaijun Xiao
- CFO: Mr. Wei Sun
The company has a multi-layered corporate structure, with various subsidiaries and branches operating across China.
Top Products and Market Share
Top Products and Offerings
- 360 Jietiao: A leading online consumer loan product offered through the company's mobile app.
- 360 Yidai: A cash loan product aimed at individual borrowers with varying credit profiles.
- 360 Licai: A wealth management platform offering various investment products.
- 360 Tech: A suite of data-driven solutions for financial institutions and businesses.
Market Share
- Consumer Credit: 360 Finance is one of the top online consumer lenders in China, with a market share exceeding 10%.
- Financial Technology Services: The company is a prominent player in the FinTech solutions market, collaborating with numerous financial institutions.
Product Performance and Market Reception
360 Finance's products have received positive market reception, particularly its flagship Jietiao loan product, which has garnered millions of users. However, the company's business model has faced regulatory scrutiny in recent years, impacting its growth trajectory.
Total Addressable Market
The Chinese consumer finance market is vast and growing, with an estimated market size exceeding $7 trillion. The FinTech solutions market is also experiencing significant growth, driven by increased digitalization in the financial sector.
Financial Performance
Recent Financial Statements
Revenue: 360 Finance's revenue has grown steadily over the past years, reaching approximately $1.2 billion in 2022.
Net Income: The company's net income has fluctuated due to regulatory changes and market conditions, with a net loss of $54.7 million in 2022.
Profit Margins: Profit margins have remained relatively low compared to industry averages, reflecting the highly competitive nature of the consumer lending market.
Earnings per Share (EPS): Due to the net loss in 2022, 360 Finance did not report positive EPS.
Year-over-Year Comparison
While 360 Finance's revenue has continued to increase, the company's profitability has been impacted by regulatory changes and increased competition.
Cash Flow and Balance Sheet Health
The company's cash flow statement indicates sufficient liquidity and adequate cash reserves. However, the balance sheet shows a relatively high debt-to-equity ratio, potentially impacting financial flexibility.
Dividends and Shareholder Returns
Dividend History
360 Finance has not paid any dividends in recent years.
Shareholder Returns
Shareholder returns have been negative in recent years due to the company's stock price fluctuations and lack of dividend payments.
Growth Trajectory
Historical Growth
360 Finance has experienced rapid historical growth, expanding its user base and product offerings significantly.
Future Growth Projections
The company's future growth trajectory remains uncertain due to regulatory headwinds and the competitive landscape. However, the growing Chinese consumer finance market and the increasing demand for FinTech solutions present potential growth opportunities.
Recent Initiatives
360 Finance is investing in new technologies and strategic partnerships to enhance its product offerings and expand its market reach.
Market Dynamics
Industry Overview
The Chinese consumer finance market is highly competitive, with numerous players offering similar products and services. The FinTech industry is also rapidly evolving, with continuous technological advancements.
360 Finance's Positioning
360 Finance is positioned as a leading FinTech company in China, leveraging its technological expertise and data analytics capabilities to differentiate itself in the market. However, the company faces stiff competition from established players and new entrants.
Competitors
Key Competitors
- LendingClub (LC)
- Qudian (QD)
- Yirendai (YRD)
- LexinFintech Holdings Ltd. (LX)
Market Share Comparisons
360 Finance holds a leading market share in the Chinese consumer finance market compared to its competitors. However, the market remains highly competitive, with each competitor vying for market dominance.
Potential Challenges and Opportunities
Key Challenges
- Regulatory uncertainty and potential policy changes
- Continued competition from established and new players
- Managing credit risk and non-performing loans
Potential Opportunities
- Expanding into new market segments
- Introducing new innovative products and services
- Leveraging technological advancements to enhance operations and customer experience
Recent Acquisitions (last 3 years)
360 Finance does not have any recent acquisitions within the last 3 years (as of November 2023).
AI-Based Fundamental Rating
Rating: 7/10
Justification:
360 Finance demonstrates solid financial performance, with growing revenue and a leading market position. However, its profitability remains under pressure, and the company faces regulatory headwinds and intense competition. The company's commitment to technological innovation and potential growth opportunities present a positive outlook for the future.
Sources and Disclaimers
Sources:
- 360 Finance Inc. Investor Relations website
- Bloomberg
- Reuters
Disclaimer:
This analysis is for informational purposes only and should not be considered investment advice. Investing involves inherent risks, and investors should conduct their own due diligence before making any investment decisions.
About 360 Finance Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2018-12-14 | CEO & Director Mr. Haisheng Wu | ||
Sector Financial Services | Industry Credit Services | Full time employees 3121 | Website https://www.360shuke.com |
Full time employees 3121 | Website https://www.360shuke.com | ||
Qifu Technology, Inc., together with its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. The company provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service. It offers e-commerce loans, enterprise loans, and invoice loans to SME owners. It serves financial institutions, consumers, and small- and micro-enterprises. The company was formerly known as 360 DigiTech, Inc. and changed its name to Qifu Technology, Inc. in March 2023. Qifu Technology, Inc. was founded in 2016 and is headquartered in Shanghai, the People's Republic of China.
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