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Jiayin Group Inc (JFIN)
NASDAQ:JFIN
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Jiayin Group
(NASDAQ:JFIN)
74Outperform
Jiayin Group (JFIN) vs. S&P 500 (SPY)
Market Cap
$616.24M
Dividend Yield7.53%
Average Volume (3M)192.13K
Price to Earnings (P/E)3.9
Beta (1Y)0.96
Revenue Growth19.46%
EPS Growth-22.51%
CountryUS
Employees925
SectorCommunication Services
Sector Strength84
IndustryInternet Content & Information
Share Statistics
EPS (TTM)3.00
Shares Outstanding26,032,486
10 Day Avg. Volume218,541
30 Day Avg. Volume192,135
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.80
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Jiayin Group Business Overview & Revenue Model
Company DescriptionJiayin Group Inc. (JFIN) is a leading fintech platform based in China, primarily engaged in providing financial services through its online platform. The company connects borrowers with investors, facilitating personal loans and offering innovative financial solutions to meet diverse consumer needs. Jiayin Group leverages advanced technology and data analytics to offer efficient, transparent, and secure financial services.
How the Company Makes MoneyJiayin Group generates revenue primarily through service fees charged to borrowers and investors on its platform. The company earns a percentage of the loan amount as a service fee from borrowers upon successful disbursement of loans. Additionally, Jiayin Group receives management fees from investors for facilitating and managing their investments on the platform. The company's earnings are significantly influenced by its ability to attract a large number of active borrowers and investors, maintain high loan origination volumes, and manage credit risk effectively. Strategic partnerships with financial institutions and technology firms also enhance Jiayin Group's capabilities and contribute to its revenue growth.
Jiayin Group Financial Statement Overview
Summary
Jiayin Group demonstrates strong financial performance with significant revenue and profit growth, low leverage, and high return on equity. However, the decrease in free cash flow growth and need for careful cash flow management slightly offset these strengths.Income Statement
The company shows strong revenue growth with a 67% increase from 2022 to 2023. Gross profit margin is robust at 63.2%, and net profit margin is also high at 23.7%. EBIT and EBITDA margins are healthy, reflecting operational efficiency. However, the company's performance should be monitored for sustainability of such growth.85
Very Positive
Balance Sheet
The balance sheet shows a strong equity position with an equity ratio of 42.2%. The debt-to-equity ratio is low at 0.02, indicating low leverage. Return on equity is very high at 54.5%, highlighting strong returns for shareholders. The company has significantly improved its equity position over the years.75
Positive
Cash Flow
Operating cash flow is positive and supports net income with a ratio of 0.30. Free cash flow growth is negative due to a decrease from the previous year, which could indicate potential liquidity challenges. Monitoring of cash flow management is advised to ensure ongoing financial health.70
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 5.82B | 5.47B | 3.27B | 1.78B | 1.30B | 2.23B | Gross Profit |
| 3.42B | 3.46B | 2.71B | 1.44B | 1.06B | 1.80B | EBIT |
| 1.30B | 1.33B | 1.18B | 278.24M | 229.10M | 534.67M | EBITDA |
| 1.30B | 1.34B | 1.19B | 447.63M | 325.26M | 552.38M | Net Income Common Stockholders |
| 1.29B | 1.30B | 1.18B | 472.09M | 252.88M | 527.75M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 370.19M | 370.19M | 291.02M | 182.55M | 117.32M | 191.77M | Total Assets |
| 5.64B | 5.64B | 3.02B | 971.43M | 525.37M | 701.07M | Total Debt |
| 47.96M | 47.96M | 27.46M | 35.24M | 5.20M | 35.22M | Net Debt |
| -322.24M | -322.24M | -263.55M | -147.31M | -112.13M | -86.93M | Total Liabilities |
| 3.26B | 3.26B | 1.78B | 945.68M | 989.14M | 1.44B | Stockholders Equity |
| 2.38B | 2.38B | 1.24B | 27.86M | -461.62M | -741.85M |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | 358.05M | 795.68M | 181.77M | -36.35M | -1.32M | Operating Cash Flow |
| 0.00 | 389.59M | 915.37M | 184.54M | -35.51M | 26.29M | Investing Cash Flow |
| 0.00 | -105.85M | -157.25M | -126.22M | 33.23M | -234.18M | Financing Cash Flow |
| 0.00 | -193.48M | -86.10M | 9.94M | 10.60M | 244.67M |
Jiayin Group Technical Analysis
Positive
11.91
Price Trends
9.31
Positive
7.89
Positive
6.89
Positive
Market Momentum
0.90
Negative
58.03
Neutral
52.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JFIN, the sentiment is Positive. The current price of 11.91 is above the 20-day moving average (MA) of 10.49, above the 50-day MA of 9.31, and above the 200-day MA of 6.89, indicating a bullish trend. The MACD of 0.90 indicates Negative momentum. The RSI at 58.03 is Neutral, neither overbought nor oversold. The STOCH value of 52.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JFIN.
Jiayin Group Risk Analysis
Jiayin Group disclosed 100 risk factors in its most recent earnings report. Jiayin Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Jiayin Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $606.23M | 2.76 | 17.96% | 2.59% | 17.07% | -8.81% | |
79 Outperform | $1.77B | 11.96 | 10.77% | 1.13% | 10.06% | 0.04% | |
77 Outperform | $2.56B | 7.98 | 16.47% | 2.36% | 2.51% | 7.06% | |
74 Outperform | $616.24M | 3.88 | 46.42% | 7.53% | 19.46% | -22.51% | |
59 Neutral | $29.40B | 0.71 | -18.77% | 4.01% | 2.13% | -47.15% | |
54 Neutral | $569.71M | 41.27 | 0.80% | ― | -16.27% | -88.56% |
* Communication Services Sector Average
Performance Comparison
JFIN
Jiayin Group
11.91
5.06
73.87%
YRD
Yiren Digital
6.95
2.43
53.76%
QD
Qudian
2.72
0.26
10.57%
FINV
FinVolution Group
9.86
5.15
109.34%
LX
Lexinfintech Holdings
11.06
9.36
550.59%
Jiayin Group Earnings Call Summary
Earnings Call Date: Nov 20, 2024 | % Change Since: 75.15% | Next Earnings Date: Mar 27, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment with significant achievements in loan facilitation and technological advancements. However, the decrease in net revenue and net income, coupled with increased costs, highlights challenges that the company faces. The positive growth in new borrowers and improved asset quality are promising, yet they are countered by increased expenses and a decline in cash reserves.Highlights
Record Loan Facilitation Volume
The loan facilitation volume reached approximately RMB 26.7 billion in the third quarter, setting a new record and representing a year-over-year growth of 10.3%.
Technological Advancements
The company deepened the application of large language models, upgraded the Wenquxing knowledge base, and introduced the MingYi automated machine learning platform, enhancing credit risk measurement and marketing efficiency.
Expansion of Institutional Partnerships
By the end of the third quarter, partnerships with 70 financial institutions were established, with several joint projects in discussion, to enhance borrower acquisition channels.
Improved Asset Quality
The 61 to 90 days delinquency rate decreased to 0.55%, showing a downward trend for two consecutive quarters.
Strong Growth in New Borrowers
The company acquired 826,000 new borrowers, a year-over-year growth of approximately 71.3%.
Lowlights
Decrease in Net Revenue
Net revenue for the third quarter was RMB 1,444.9 million, representing a decrease of 1.5% from the same period in 2023.
Decline in Net Income
Net income for the third quarter was RMB 269.6 million, a decrease of 16.8% from RMB 323.9 million in the same period of 2023.
Increase in Allowance for Uncollectible Receivables
Allowance for uncollectible receivables increased by 36.5% year-over-year, due to increased loan facilitation.
Higher Sales and Marketing Expenses
Sales and marketing expenses rose 34.9% year-over-year, mainly due to increased borrower acquisition expenses.
Cash and Cash Equivalents Decrease
Cash and cash equivalents were RMB 741.2 million, down from RMB 880.2 million as of June 30, 2024.
Company Guidance
During Jiayin Group's Q3 2024 earnings call, key metrics highlighted include a loan facilitation volume of RMB 26.7 billion, marking a 10.3% year-over-year increase and a 11.25% quarter-over-quarter rise. The revenue from loan facilitation services reached RMB 1.1 billion, showing an 18.1% year-over-year growth. Despite these positive figures, the net revenue decreased by 1.5% to RMB 1,444.9 million, and net income dropped by 16.8% to RMB 269.6 million compared to Q3 2023. Additionally, the company achieved a 61 to 90 days delinquency rate of 0.55%, demonstrating improved asset quality. As of September 30, 2024, cash and cash equivalents stood at RMB 741.2 million. Looking forward, Jiayin Group anticipates a Q4 loan facilitation volume of no less than RMB 25 billion and plans to adjust its dividend distribution policy, targeting a payout of at least 15% of the previous fiscal year's net profit after tax starting in 2025.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.