(QFIN) 360 Finance - Overview
Sector: Financial Services | Industry: Credit Services | Exchange: NASDAQ (USA) | Market Cap: 1.701m USD | Total Return: -68.5% in 12m
Industry Rotation: -1.9
Avg Turnover: 12.8M
EPS Trend: 74.5%
Qual. Beats: 0
Rev. Trend: 71.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Qfin Holdings, Inc. (formerly Qifu Technology) operates the Qifu Jietiao AI-driven credit-tech platform in China. The company functions as a financial intermediary, utilizing its proprietary intelligence credit engine to connect consumers and small-to-medium enterprises (SMEs) with institutional funding partners.
The business model utilizes a capital-light approach where the platform provides credit assessment, risk management, and loan matching services without necessarily holding the underlying loans on its own balance sheet. This structure allows the firm to scale by earning service fees from financial institutions while mitigating direct credit risk exposure.
The Chinese consumer finance sector is increasingly defined by stringent regulatory oversight regarding interest rate caps and data privacy standards for third-party fintech platforms. For a deeper analysis of these regulatory impacts and valuation metrics, consider reviewing the latest data on ValueRay. Qfin Holdings remains headquartered in Shanghai and maintains its primary focus on digital credit facilitation for the underserved micro-enterprise segment.
- Loan facilitation volume growth among small enterprises drives core revenue expansion
- Asset quality and delinquency rates determine credit loss provision requirements
- Shift toward capital-light platform services enhances long-term operating margins
- Chinese regulatory oversight of fintech lending practices impacts valuation multiples
- Interest rate fluctuations influence funding costs and institutional partner demand
| Net Income: 5.17b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -3.94 > 1.0 |
| NWC/Revenue: 66.56% < 20% (prev -16.73%; Δ 83.29% < -1%) |
| CFO/TA 0.20 > 3% & CFO 11.28b > Net Income 5.17b |
| Net Debt (-6.59b) to EBITDA (6.94b): -0.95 < 3 |
| Current Ratio: 6.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (65.3m) vs 12m ago -54.24% < -2% |
| Gross Margin: 74.48% > 18% (prev 0.67%; Δ 7.38k% > 0.5%) |
| Asset Turnover: 31.27% > 50% (prev 30.69%; Δ 0.58% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.21 (Total Current Assets 13.94b - Total Current Liabilities 2.22b) / Total Assets 56.99b |
| B: 0.43 (Retained Earnings 24.50b / Total Assets 56.99b) |
| C: 0.04 (EBIT TTM 2.47b / Avg Total Assets 56.31b) |
| D: 0.75 (Book Value of Equity 24.50b / Total Liabilities 32.81b) |
| Altman-Z'' Score: 3.83 = AA |
| DSRI: 1.47 (Receivables 3.54b/2.34b, Revenue 17.61b/17.07b) |
| GMI: 0.90 (GM 74.48% / 67.11%) |
| AQI: 1.07 (AQ_t 0.74 / AQ_t-1 0.70) |
| SGI: 1.03 (Revenue 17.61b / 17.07b) |
| TATA: -0.11 (NI 5.17b - CFO 11.28b) / TA 56.99b) |
| Beneish M-Score: -2.78 (Cap -4..+1) = A |
Over the past week, the price has changed by -2.74%, over one month by -4.96%, over three months by -13.84% and over the past year by -68.51%.
- StrongBuy: 9
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23.3 | 81.8% |
P/E Trailing = 2.1559
P/E Forward = 3.2712
P/S = 0.0886
P/B = 0.4522
Revenue TTM = 17.61b CNY
EBIT TTM = 2.47b CNY
EBITDA TTM = 6.94b CNY
Long Term Debt = 1.58b CNY (from longTermDebt, last fiscal year)
Short Term Debt = 2.22b CNY (from shortTermDebt, last quarter)
Debt = 3.81b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -6.59b CNY (recalculated: Debt 3.81b - CCE 10.40b)
Enterprise Value = 4.99b CNY (11.58b + Debt 3.81b - CCE 10.40b)
Interest Coverage Ratio = unknown (Ebit TTM 2.47b / Interest Expense TTM 0.0)
EV/FCF = 0.62x (Enterprise Value 4.99b / FCF TTM 8.04b)
FCF Yield = 161.1% (FCF TTM 8.04b / Enterprise Value 4.99b)
FCF Margin = 45.65% (FCF TTM 8.04b / Revenue TTM 17.61b)
Net Margin = 29.35% (Net Income TTM 5.17b / Revenue TTM 17.61b)
Gross Margin = 74.48% ((Revenue TTM 17.61b - Cost of Revenue TTM 4.49b) / Revenue TTM)
Gross Margin QoQ = 78.32% (prev 78.32%)
Tobins Q-Ratio = 0.09 (Enterprise Value 4.99b / Total Assets 56.99b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 3.81b)
Taxrate = 11.84% (134.6m / 1.14b)
NOPAT = 2.18b (EBIT 2.47b * (1 - 11.84%))
Current Ratio = 6.27 (Total Current Assets 13.94b / Total Current Liabilities 2.22b)
Debt / Equity = 0.16 (Debt 3.81b / totalStockholderEquity, last quarter 24.17b)
Debt / EBITDA = -0.95 (Net Debt -6.59b / EBITDA 6.94b)
Debt / FCF = -0.82 (Net Debt -6.59b / FCF TTM 8.04b)
Total Stockholder Equity = 24.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.18% (Net Income 5.17b / Total Assets 56.99b)
RoE = 21.38% (Net Income TTM 5.17b / Total Stockholder Equity 24.16b)
RoCE = 9.61% (EBIT 2.47b / Capital Employed (Equity 24.16b + L.T.Debt 1.58b))
RoIC = 7.36% (NOPAT 2.18b / Invested Capital 29.63b)
WACC = 8.08% (E(11.58b)/V(15.39b) * Re(10.73%) + D(3.81b)/V(15.39b) * Rd(0.0%) * (1-Tc(0.12)))
Discount Rate = 10.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -76.41 | Cagr: -33.17%
[DCF] Terminal Value 80.66% ; FCFF base≈8.84b ; Y1≈10.38b ; Y5≈15.81b
[DCF] Fair Price = 2.27k (EV 269.72b - Net Debt -6.59b = Equity 276.32b / Shares 121.8m; r=8.08% [WACC]; 5y FCF grow 18.57% → 3.0% )
EPS Correlation: 74.47 | EPS CAGR: 0.48% | SUE: -0.33 | # QB: 0
Revenue Correlation: 71.67 | Revenue CAGR: 3.53% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=5.88 | Chg30d=-34.74% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=28.80 | Chg30d=+0.00% | Revisions=-50% | GrowthEPS=-38.4% | GrowthRev=-23.7%
EPS next Year (2027-12-31): EPS=34.67 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=+20.4% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: -50%