Fundamentals snapshot
XYF · NYQ · Financial Services · Credit Services
Current price
$5.51
52-week range
$3.30 - $12.12
Market cap
$203.50M
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $105.98M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
X Financial provides online loans to individuals in China, primarily through its Xiaoying credit loan products which are like personal loans you might get from a bank but are handled all online. The money mainly comes from the interest charged on these loans, and this matters because it shows how much they are earning from lending money, which is their core business.
X Financial was founded in 2014 and went public in 2018, initially operating a peer-to-peer (P2P) lending business that connected individual borrowers with individual lenders. This model faced significant challenges, especially after the P2P lending industry in China collapsed in 2020, leading to substantial losses for the company. In response to this crisis and evolving regulations, X Financial has since pivoted its business model. It now focuses on connecting borrowers with institutional funding partners and emphasizes serving prime borrowers with improved risk management and technology. This strategic shift has helped the company navigate the regulatory landscape and rebuild its business on a more stable foundation.
X Financial operates as a technology-driven personal finance platform, primarily in China. It acts as an intermediary, connecting individuals who need loans with financial institutions that provide the funding. The company uses its proprietary technology and data analytics to assess credit risk and manage loans. Its services are designed to meet the financing needs of individuals in China, offering various loan products and wealth management solutions.
This is one of X Financial's main business lines, offering online personal credit loan products. These include 'Xiaoying card loans,' which are similar to a line of credit with a set limit and interest rate, and other unsecured loan products, meaning they aren't backed by specific assets. The company facilitates these loans by connecting borrowers with institutional lenders, generating revenue through loan facilitation and related services. This segment is crucial for serving individuals seeking accessible credit for various personal needs.
This segment focuses on secured home equity loans, where borrowers use their homes as collateral to obtain a loan. By offering secured loans, X Financial can potentially manage risk more effectively compared to unsecured loans. The company facilitates these loans, earning revenue from the services provided in connecting borrowers with funding institutions. This product line caters to individuals looking for larger loan amounts, often for significant life events like purchasing property or consolidating debt.
Beyond direct lending, X Financial offers a suite of related services. Guarantee services involve the company providing a form of assurance on loans, which can help build confidence for funding partners. Consulting services likely assist borrowers or businesses with financial planning or loan applications. The e-commerce aspect suggests potential integration with online retail platforms, possibly offering financing options for online purchases or facilitating transactions. These diversified services help create multiple revenue streams and leverage the company's existing platform and customer base.
X Financial's management is heavily focused on leveraging technology, particularly artificial intelligence (AI), to enhance its operations. They are integrating AI into various aspects of the business, from customer service and marketing to risk management and fraud detection, aiming to make processes smarter and more efficient. The company is also committed to supporting small and micro-enterprises and self-employed individuals through programs and tailored financial services. This strategy aims to drive long-term growth by improving operational efficiency, expanding its customer base, and adapting to the evolving fintech landscape.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $106.0M - more cash than debt. Interest coverage 1.0x.
X Financial's profit covers its interest bill about 1.0 times over. which is weaker than most peers shown here.
Total debt $63.76M Interest coverage 1.02x This is the baseline the peer rows are being compared against.
Total debt $3.74B Interest coverage 2.32x +127% vs XYF Carries about 2.3x more debt cushion than XYF.
Total debt $65.50M Interest coverage 116.20x +11,289% vs XYF Carries about 113.9x more debt cushion than XYF.
Total debt $375.83M Interest coverage 3.16x +209% vs XYF Carries about 3.1x more debt cushion than XYF.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know