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%...
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%...
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 | Mar 2019 | Jun 2019 | Sep 2019 | |
| Net Interest Income | CNY mil | 167 | 144 | 147 |
| Net Fee Income | CNY mil | 837 | 1,253 | 1,945 |
| Other Income | CNY mil | 27.9 | 50.0 | 0 |
| Total Revenues | CNY mil | 1,032 | 1,447 | 2,091 |
| Operating Profit | CNY mil | 539 | 799 | 1,174 |
| Provisions | CNY mil | 175 | 233 | 379 |
| Net Profit | CNY mil | 424 | 628 | 724 |
| Balance Sheet | Mar 2019 | Jun 2019 | Sep 2019 | |
| Interbank Loans | CNY mil | 210 | 785 | 1,296 |
| Customer Loans | CNY mil | 5,114 | 5,235 | 4,327 |
| Total Assets | CNY mil | 12,006 | 12,841 | 16,795 |
| Shareholders' Equity | CNY mil | 4,720 | 5,242 | 6,023 |
| Interbank Borrowing | CNY mil | 501 | 1,026 | 1,415 |
| Customer Deposits | CNY mil | 0 | 0 | 0 |
| Issued Debt Securities | CNY mil | 3,963 | 3,552 | 5,572 |
| Ratios | Mar 2019 | Jun 2019 | Sep 2019 | |
| ROE | % | 38.5 | 50.4 | 51.4 |
| ROA | % | 13.9 | 20.2 | 19.6 |
| Costs (As % Of Assets) | % | 16.1 | 20.9 | 24.8 |
| Costs (As % Of Income) | % | 47.8 | 44.8 | 43.9 |
| Net Interest Margin | % | 5.45 | 4.62 | 3.96 |
| NPLs (As % Of Loans) | % | 2.90 | 3.00 | ... |
| Valuation | Mar 2019 | Jun 2019 | Sep 2019 | |
| Price/Earnings (P/E) | 5.56 | 6.03 | 4.90 | |
| Price/Book Value (P/BV) | 2.62 | 2.52 | 2.01 | |
| Earnings Per Share (EPS) | CNY | 6.15 | 6.03 | 6.66 |
| Book Value Per Share | CNY | 13.1 | 14.4 | 16.3 |
Get all company financials in excel:
| summary | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| income statement | ||||||||||||||||
| Net Interest Income | CNY mil | 527 | 612 | 456 | 291 | 167 | ||||||||||
| Total Revenues | CNY mil | 808 | 1,178 | 1,104 | 1,209 | 1,032 | ||||||||||
| Operating Profit | CNY mil | 514 | 815 | 720 | 737 | 539 | ||||||||||
| Net Profit | CNY mil | 178 | 664 | 447 | 688 | 424 | ||||||||||
| balance sheet | ||||||||||||||||
| Interbank Loans | CNY mil | ... | ... | ... | ... | ... | ... | ... | 138 | 248 | 506 | 344 | 210 | |||
| Customer Loans | CNY mil | 14,396 | 12,165 | 8,475 | 6,507 | 5,114 | ||||||||||
| Debt Securities | CNY mil | ... | ... | ... | ... | ... | ... | ... | 22.7 | 18.8 | 176 | 186 | 192 | |||
| Total Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | 17,188 | 15,099 | 12,501 | 12,471 | 12,006 | |||
| Shareholders' Equity | CNY mil | ... | ... | ... | ... | ... | ... | ... | 1,927 | 2,450 | 2,816 | 4,107 | 4,720 | |||
| Interbank Borrowing | CNY mil | ... | ... | ... | ... | ... | ... | ... | 838 | 1,024 | 1,236 | 771 | 501 | |||
| Customer Deposits | CNY mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||
| Issued Debt Securities | CNY mil | ... | ... | ... | ... | ... | ... | ... | 13,126 | 9,917 | 6,499 | 4,804 | 3,963 | |||
| ratios | ||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | ... | ... | 39.2 | 121 | 67.9 | 79.5 | 38.5 | |||
| ROA | % | ... | ... | ... | ... | ... | ... | ... | 4.46 | 16.4 | 13.0 | 22.1 | 13.9 | |||
| Costs (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | 7.37 | 9.01 | 11.1 | 15.1 | 16.1 | |||
| Costs (As % Of Income) | % | 36.4 | 30.9 | 34.8 | 39.1 | 47.8 | ||||||||||
| Net Interest Margin | % | ... | ... | ... | ... | ... | ... | ... | 13.2 | 15.2 | 13.2 | 9.31 | 5.45 | |||
| Interest Income (As % Of Revenues) | % | 65.3 | 51.9 | 41.3 | 24.0 | 16.2 | ||||||||||
| Fee Income (As % Of Revenues) | % | 28.5 | 44.1 | 54.9 | 72.7 | 81.1 | ||||||||||
| Equity (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | 11.2 | 16.2 | 22.5 | 32.9 | 39.3 | |||
| Loans (As % Assets) | % | ... | ... | ... | ... | ... | ... | ... | 83.8 | 80.6 | 67.8 | 52.2 | 42.6 | |||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 3.00 | 2.60 | 2.80 | 2.60 | 2.90 | ... | |
| valuation | ||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | ... | ... | ... | ... | 2,709 | 2,218 | 1,822 | 1,394 | 1,899 | |||
| Number Of Shares (Average) | mil | ... | ... | ... | ... | ... | ... | ... | 361 | 362 | 367 | 360 | 362 | |||
| Share Price (End Of Period) | CNY | ... | ... | ... | ... | ... | ... | ... | 48.8 | 39.9 | 32.3 | 25.2 | 34.2 | |||
| Earnings Per Share (EPS) | CNY | ... | ... | ... | ... | ... | ... | ... | 1.00 | 2.79 | 3.79 | 5.49 | 6.15 | |||
| Book Value Per Share | CNY | ... | ... | ... | ... | ... | ... | ... | 5.33 | 6.77 | 7.67 | 11.4 | 13.1 | |||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | ... | 48.7 | 14.3 | 8.54 | 4.59 | 5.56 | ||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | ... | 9.15 | 5.90 | 4.21 | 2.21 | 2.62 | ||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 346 | 514 | ||
| Book Value Per Share Growth | % | ... | ... | ... | ... | 48.2 | 46.8 | 2.62 | 30.7 | 145 |
| income statement | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| income statement | ||||||||||||||||
| Interest Income | CNY mil | 784 | 875 | 664 | 460 | 309 | ||||||||||
| Interest Cost | CNY mil | 257 | 263 | 208 | 170 | 142 | ||||||||||
| Net Interest Income | CNY mil | 527 | 612 | 456 | 291 | 167 | ||||||||||
| Net Fee Income | CNY mil | 230 | 520 | 607 | 879 | 837 | ||||||||||
| Other Income | CNY mil | 50.3 | 46.6 | 41.4 | 39.6 | 27.9 | ||||||||||
| Total Revenues | CNY mil | 808 | 1,178 | 1,104 | 1,209 | 1,032 | ||||||||||
| Operating Cost | CNY mil | 294 | 364 | 384 | 472 | 493 | ||||||||||
| Operating Profit | CNY mil | 514 | 815 | 720 | 737 | 539 | ||||||||||
| Provisions | CNY mil | 290 | 264 | 165 | 84.2 | 175 | ||||||||||
| Extra and Other Cost | CNY mil | 4.07 | -7.66 | 33.5 | -157 | -146 | ||||||||||
| Pre-Tax Profit | CNY mil | 219 | 558 | 522 | 810 | 510 | ||||||||||
| Tax | CNY mil | 41.4 | -105 | 74.7 | 121 | 85.5 | ||||||||||
| Minorities | CNY mil | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Net Profit | CNY mil | 178 | 664 | 447 | 688 | 424 | ||||||||||
| Dividends | CNY mil | 0 | 0 | 0 | 0 | 0 | ||||||||||
| growth rates | ||||||||||||||||
| Net Interest Income Growth | % | ... | ... | ... | ... | 48.2 | 46.8 | 2.62 | -33.1 | -68.4 | ||||||
| Net Fee Income Growth | % | ... | ... | ... | ... | 664 | 3,225 | 871 | 332 | 264 | ||||||
| Total Revenue Growth | % | ... | ... | ... | ... | 84.9 | 146 | 101 | 74.8 | 27.8 | ||||||
| Operating Cost Growth | % | ... | ... | ... | ... | 35.1 | 38.1 | 33.5 | 57.5 | 67.6 | ||||||
| Operating Profit Growth | % | ... | ... | ... | ... | 134 | 279 | 175 | 88.1 | 4.95 | ||||||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | 144 | 1,393 | 280 | 286 | 132 | ||||||
| Net Profit Growth | % | ... | ... | ... | ... | 216 | 4,188 | 556 | 585 | 139 |
| balance sheet | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| balance sheet | ||||||||||||||||
| Cash | CNY mil | ... | ... | ... | ... | ... | ... | ... | 1,479 | 1,230 | 1,443 | 2,415 | 2,994 | |||
| Interbank Loans | CNY mil | ... | ... | ... | ... | ... | ... | ... | 138 | 248 | 506 | 344 | 210 | |||
| Customer Loans | CNY mil | 14,396 | 12,165 | 8,475 | 6,507 | 5,114 | ||||||||||
| Debt Securities | CNY mil | ... | ... | ... | ... | ... | ... | ... | 22.7 | 18.8 | 176 | 186 | 192 | |||
| Total Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | 17,188 | 15,099 | 12,501 | 12,471 | 12,006 | |||
| Shareholders' Equity | CNY mil | ... | ... | ... | ... | ... | ... | ... | 1,927 | 2,450 | 2,816 | 4,107 | 4,720 | |||
| Of Which Minority Interest | CNY mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||
| Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | 15,261 | 12,648 | 9,684 | 8,364 | 7,287 | |||
| Interbank Borrowing | CNY mil | ... | ... | ... | ... | ... | ... | ... | 838 | 1,024 | 1,236 | 771 | 501 | |||
| Customer Deposits | CNY mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||
| Issued Debt Securities | CNY mil | ... | ... | ... | ... | ... | ... | ... | 13,126 | 9,917 | 6,499 | 4,804 | 3,963 | |||
| Other Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | 1,297 | 1,707 | 1,950 | 2,789 | 2,822 | |||
| growth rates | ||||||||||||||||
| Customer Loan Growth | % | ... | ... | ... | ... | 63.2 | 21.0 | -23.6 | -44.7 | -64.5 | ||||||
| Total Asset Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -15.3 | -30.1 | ||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 141 | 145 |
| ratios | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| ratios | ||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | ... | ... | 39.2 | 121 | 67.9 | 79.5 | 38.5 | |||
| ROA | % | ... | ... | ... | ... | ... | ... | ... | 4.46 | 16.4 | 13.0 | 22.1 | 13.9 | |||
| Costs (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | 7.37 | 9.01 | 11.1 | 15.1 | 16.1 | |||
| Costs (As % Of Income) | % | 36.4 | 30.9 | 34.8 | 39.1 | 47.8 | ||||||||||
| Net Interest Margin | % | ... | ... | ... | ... | ... | ... | ... | 13.2 | 15.2 | 13.2 | 9.31 | 5.45 | |||
| Interest Spread | % | ... | ... | ... | ... | ... | ... | ... | ... | 12.4 | 14.1 | 11.8 | 7.22 | 2.83 | ||
| Asset Yield | % | ... | ... | ... | ... | ... | ... | ... | 19.7 | 21.7 | 19.3 | 14.7 | 10.1 | |||
| Cost Of Liabilities | % | ... | ... | ... | ... | ... | ... | ... | ... | 7.27 | 7.55 | 7.45 | 7.52 | 7.27 | ||
| Payout Ratio | % | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest Income (As % Of Revenues) | % | 65.3 | 51.9 | 41.3 | 24.0 | 16.2 | ||||||||||
| Fee Income (As % Of Revenues) | % | 28.5 | 44.1 | 54.9 | 72.7 | 81.1 | ||||||||||
| Other Income (As % Of Revenues) | % | 6.23 | 3.95 | 3.75 | 3.28 | 2.71 | ||||||||||
| Equity (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | 11.2 | 16.2 | 22.5 | 32.9 | 39.3 | |||
| Loans (As % Assets) | % | ... | ... | ... | ... | ... | ... | ... | 83.8 | 80.6 | 67.8 | 52.2 | 42.6 | |||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 3.00 | 2.60 | 2.80 | 2.60 | 2.90 | ... | |
| Cost of Provisions (As % Of Loans) | % | 8.88 | 7.95 | 6.39 | 4.49 | 12.0 |
| other data | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| other data | ||||||||||||||||
| Employees | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Clients | mil | ... | ... | ... | 26.4 | 29.2 | 32.6 | 37.3 | 42.2 | |||||||
| Total Loan Book | CNY mil | 21,300 | 24,700 | 25,800 | 32,400 | 35,000 | ||||||||||
| On-balance Sheet Loans | CNY mil | 14,396 | 12,165 | 8,475 | 6,507 | 5,114 | ||||||||||
| Off-balance Sheet Loans | CNY mil | 6,904 | 12,535 | 17,325 | 25,893 | 29,886 | ||||||||||
| Off-balance Sheet Loans (As % of Total) | % | 32.4 | 50.7 | 67.2 | 79.9 | 85.4 | ||||||||||
| On-balance Sheet Loans (As % of Total) | % | 67.6 | 49.3 | 32.8 | 20.1 | 14.6 | ||||||||||
| Average Tenor | months | ... | ... | ... | ... | ... | ... | ... | ... | 11.5 | 12.8 | 13.6 | 14.2 | 12.5 | ||
| Average APR | % | ... | ... | ... | ... | ... | ... | ... | 23.4 | 25.7 | 23.2 | 25.8 | 26.2 | |||
| Outstanding Loan per Borrower (Calculated) | CNY | ... | ... | ... | 2,598 | 2,775 | 2,688 | 3,086 | 3,017 | |||||||
| Loan Facilitation Income (As % of Off BS Loans) | % | ... | 2.86 | 5.01 | 3.74 | 3.82 | 2.82 | |||||||||
| Loss of Guarantee Liability (As % of off-BS Loans) | % | ... | 0.202 | 1.31 | -0.968 | -1.48 | 0.322 | |||||||||
| Cost of Risk (incl. Off BS Loans) | % | 5.72 | 4.59 | 2.61 | 1.16 | 2.08 | ||||||||||
| Equity (As % of Off- and On BS Loans) | % | ... | ... | ... | ... | ... | ... | ... | 9.05 | 9.92 | 10.9 | 12.7 | 13.5 | |||
| 90 day+ deliquency ratio | % | ... | ... | ... | ... | ... | ... | ... | 1.44 | 1.39 | 1.36 | 1.41 | 1.42 | |||
| Revenue per Client | CNY | ... | ... | ... | 98.5 | 132 | 115 | 115 | 89.0 | |||||||
| Operating Profit per Client | CNY | ... | ... | ... | 62.7 | 91.5 | 75.0 | 70.2 | 46.5 | |||||||
| Pre-Tax Profit per Client | CNY | ... | ... | ... | 26.7 | 62.8 | 54.4 | 77.1 | 44.0 | |||||||
| Loan Origination (Total) | CNY mil | 14,800 | 16,600 | 13,700 | 21,000 | 20,100 | ||||||||||
| Average Size of Transaction | CNY | 5,692 | 6,148 | 4,893 | 7,000 | 6,281 | ||||||||||
| Loan Facilitation & Servicing Fee | CNY mil | 206 | 487 | 558 | 825 | 786 | ||||||||||
| Processing and Servicing Cost | CNY mil | 65.9 | 71.2 | 82.5 | 104 | 117 | ||||||||||
| Provision for Credit Losses of Contract Assets and Service Fees Receivable | CNY mil | 3.62 | 7.31 | -47.9 | 15.5 | 22.5 | ||||||||||
| Profit on Off-Balance Sheet Loans | CNY mil | 136 | 409 | 523 | 705 | 647 | ||||||||||
| Volume of Off-Balance Sheet Loans | CNY mil | 6,904 | 12,535 | 17,325 | 25,893 | 29,886 | ||||||||||
| Profit on Off-Balance Sheet Loans (As % of Off-Balance Sheet Loans) | % | ... | 1.89 | 4.21 | 3.51 | 3.26 | 2.32 | |||||||||
| Profit on Off-Balance Sheet Loans (As % of Pre-Tax Profit) | % | 62.2 | 73.2 | 100 | 87.0 | 127 |
Get all company financials in excel:
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....
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 ...
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 ...
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, ...
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, ...
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. ...
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. ...
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...
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...
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 ...
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.
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.
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