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Lexin FinTech

Lexin's net profit rose 62.0% yoy to CNY 724 mil in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech made a net profit of CNY 724 mil under revenues of CNY 2,091 mil in the third quarter of 2019, up 62% and 89.4%...

Lexin's net profit rose 62.0% yoy to CNY 724 mil in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech made a net profit of CNY 724 mil under revenues of CNY 2,091 mil in the third quarter of 2019, up 62% and 89.4%...

Lexin's net interest margin fell 70.1% yoy to 3.96% in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech's net interest margin amounted to 3.96% in the third quarter of 2019, down from 4.62% when compared to the previou...

Profit Statement
Balance Sheet
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Valuation

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income statement Unit Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
growth rates                      
Net Interest Income Growth %         48.2 46.8 2.62 -33.1 -68.4    

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Lexin's net interest margin fell 70.1% yoy to 3.96% in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech's net interest margin amounted to 3.96% in the third quarter of 2019, down from 4.62% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 15.2% in 2Q2018 and an all time low of 3....

Lexin's price/earnings (P/E) fell 42.6% yoy to 4.90 in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech stock traded at CNY 32.7 per share at the end third quarter of 2019 implying a market capitalization of USD 1,855 mil. Since the end of 3Q2014, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the ...

Lexin's price/earnings (P/E) fell 42.6% yoy to 4.90 in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech stock traded at CNY 32.7 per share at the end third quarter of 2019 implying a market capitalization of USD 1,855 mil. Since the end of 3Q2014, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the ...

Lexin's net interest income fell 67.8% yoy to CNY 147 mil in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech generated total banking revenues of CNY 2,091 mil in the third quarter of 2019, up 89.4% when compared to the same period of last year and 44.5% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

Lexin's net interest income fell 67.8% yoy to CNY 147 mil in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech generated total banking revenues of CNY 2,091 mil in the third quarter of 2019, up 89.4% when compared to the same period of last year and 44.5% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

Lexin's equity (as % of assets) rose 59.2% yoy to 35.9% in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech's Equity reached of total assets in the 3Q2019, up from 64.4% for the previous year. As a share of net customer loans, the ratio amounted to at the end of the third quarter of 2019. ...

Lexin's equity (as % of assets) rose 59.2% yoy to 35.9% in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech's Equity reached of total assets in the 3Q2019, up from 64.4% for the previous year. As a share of net customer loans, the ratio amounted to at the end of the third quarter of 2019. ...

Lexin's market capitalisation (end of period) fell 8.46% to USD 2,026 mil in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech stock traded at CNY 32.7 per share at the end of third quarter of 2019 implying a market capitalization of USD 1,855 mil. Over the last five years, the stock has appreciated by 0 implying an annual average growth of 0% In absolute terms, the...

Lexin's market capitalisation (end of period) fell 8.46% to USD 2,026 mil in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech stock traded at CNY 32.7 per share at the end of third quarter of 2019 implying a market capitalization of USD 1,855 mil. Over the last five years, the stock has appreciated by 0 implying an annual average growth of 0% In absolute terms, the...

Lexin's share price (end of period) rose 1.01% yoy to CNY in 3Q2019

By Helgi Library - December 2, 2019

Lexin FinTech stock traded at per share at the end of first quarter of 1970 implying a market capitalization of. Over the last five years, the stock has depreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the company fell ...

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Finance

Lexin FinTech has been growing its revenues and asset by 349% and 48.4% a year on average in the last 3 years. Its loans and deposits have grown by 26.4% and % a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of -5.80% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 35.6% in 2018, compared to 53.0% average in the last three years.

Equity represented 32.9% of total assets or 63.1% of loans at the end of 2018. Lexin FinTech's non-performing loans were 2.62% of total loans while provisions covered some 213% of NPLs at the end of 2018.

Valuation

Lexin FinTech stock traded at CNY 25.2 per share at the end of 2018 resulting in a market capitalization of USD 1,394 mil. Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of -5.80% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 4.59x and price to book value (PBV) of 2.21x in 2018.