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X Financial (XYF)
NYSE:XYF
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X Financial
(NYSE:XYF)
77Outperform
X Financial (XYF) vs. S&P 500 (SPY)
Market Cap
$584.08M
Dividend Yield2.35%
Average Volume (3M)323.26K
Price to Earnings (P/E)3.2
Beta (1Y)0.35
Revenue Growth14.75%
EPS Growth3.95%
CountryUS
Employees521
SectorFinancial
Sector Strength87
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)4.36
Shares Outstanding31,145,382
10 Day Avg. Volume102,415
30 Day Avg. Volume323,262
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
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
X Financial Business Overview & Revenue Model
Company DescriptionX Financial (XYF) is a technology-driven personal finance company based in China, specializing in providing comprehensive financial services to consumers and small businesses. The company operates in the sectors of personal loans, wealth management, and insurance brokerage services, leveraging advanced technology and data analytics to offer tailored financial solutions. Through its proprietary platforms, X Financial connects borrowers with investors, facilitating seamless transactions and providing financial products that cater to diverse customer needs.
How the Company Makes MoneyX Financial makes money primarily through fees and interest income generated from its financial services. The company's primary revenue streams include origination fees from personal loan facilitation, service fees from wealth management products, and commission fees from insurance brokerage services. Additionally, X Financial earns interest income from its own portfolio of loans. Significant partnerships with financial institutions and technology firms enhance its service offerings, contributing to revenue growth by expanding its customer base and improving operational efficiency.
X Financial Financial Statement Overview
Summary
X Financial demonstrates strong financial performance with notable revenue and net income growth, supported by a solid balance sheet with low leverage and effective equity utilization. However, negative gross profit suggests potential issues with cost management or pricing strategy that need addressing. Cash flow metrics are robust, indicating solid cash generation and financial stability.Income Statement
The company has shown strong revenue growth from 2022 to 2023 with a 22.66% increase. However, gross profit is negative, indicating cost of goods sold exceeds revenue. The net profit margin is impressive at 62.94% for 2023, reflecting effective cost management beyond direct costs, but EBIT and EBITDA margins are not available for 2023.70
Positive
Balance Sheet
The company's balance sheet reveals a healthy equity position with an equity ratio of 50.19% in 2023. The debt-to-equity ratio is low at 0.10, indicating minimal leverage risk. The return on equity is strong at 20.29%, reflecting effective utilization of equity, but the negative gross profit might indicate operational inefficiencies.65
Positive
Cash Flow
Operating cash flow has significantly improved, showing strong cash generation capability. The free cash flow to net income ratio is 0.68, indicating a substantial portion of income being converted to free cash flow. Both free cash flow and operating cash flow have shown robust growth, enhancing liquidity and financial flexibility.75
Positive
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.89B | 1.54B | 1.51B | -61.50M | 1.28B | Gross Profit |
| -1.21B | -747.91M | -527.09M | -2.38B | -417.41M | EBIT |
| 0.00 | 1.19B | 1.19B | -1.61B | 681.17M | EBITDA |
| 0.00 | 1.08B | 1.31B | 0.00 | 831.71M | Net Income Common Stockholders |
| 1.19B | 812.00M | 825.41M | -1.30B | 774.28M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.20B | 2.37B | 2.17B | 1.66B | 1.01B | Total Assets |
| 11.65B | 8.84B | 7.34B | 7.53B | 8.30B | Total Debt |
| 577.85M | 81.51M | 166.50M | 350.55M | 42.30M | Net Debt |
| -2.32B | -2.29B | -1.92B | -1.30B | -963.68M | Total Liabilities |
| 5.80B | 4.08B | 3.37B | 4.46B | 3.93B | Stockholders Equity |
| 5.85B | 4.75B | 3.98B | 3.07B | 4.37B |
| Cash Flow | Free Cash Flow | |||
| 805.67M | 316.65M | 446.55M | -684.60M | 205.42M | Operating Cash Flow |
| 814.14M | 322.70M | 449.17M | -679.23M | 600.57M | Investing Cash Flow |
| -1.11B | -913.39M | -2.35B | -3.70B | -3.08B | Financing Cash Flow |
| 1.23B | 576.35M | 1.30B | 4.49B | 2.71B |
X Financial Technical Analysis
Positive
13.98
Price Trends
12.35
Positive
10.17
Positive
7.84
Positive
Market Momentum
0.33
Negative
57.17
Neutral
81.03
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XYF, the sentiment is Positive. The current price of 13.98 is above the 20-day moving average (MA) of 12.82, above the 50-day MA of 12.35, and above the 200-day MA of 7.84, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 57.17 is Neutral, neither overbought nor oversold. The STOCH value of 81.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for XYF.
X Financial Risk Analysis
X Financial disclosed 84 risk factors in its most recent earnings report. X Financial 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
X Financial Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Performance Comparison
XYF
X Financial
13.98
10.36
286.19%
TIGR
Up Fintech Holding
8.25
4.23
105.22%
X Financial Earnings Call Summary
Earnings Call Date:Mar 21, 2025
(Q4-2024)
| % Change Since: 10.86%|
Next Earnings Date:May 21, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements in financial performance, asset quality improvements, and strategic investments in AI, leading to strong profitability and shareholder returns. Although there was a minor issue regarding share count reporting, the overall outlook remains positive with growth expected in 2025.Q4-2024 Updates
Positive Updates
Record Loan Volumes
Total loan volumes in Q4 2024 reached RMB32 billion, marking a 24% year-over-year increase. The total loan volumes for the full year 2024 were RMB104.9 billion.
Strong Financial Performance
Q4 net income more than doubled year-over-year, driven by strong asset quality and lower funding costs. Total net revenue increased by 43% year-over-year to RMB1.7 billion, and net income grew 104% to RMB386 million.
Improved Asset Quality
The delinquency rate for loans overdue by 31 to 60 days improved to 1.17% from 1.57% a year ago, and the 91 to 108 days overdue delinquency rate declined to 2.48% from 3.12% last year.
AI Integration and Strategic Investments
Significant investments in AI technologies, such as DeepSeek, to enhance customer service, marketing, and risk management. AI-driven tools improved operational efficiency and customer engagement.
Dividend and Share Repurchase
Approximately USD76 million returned to shareholders in 2024, including USD16.5 million in cash dividends and USD50.3 million in share repurchase.
Negative Updates
Accounting Discrepancy Clarification
An issue was raised regarding the share count not reflecting the reduction due to repurchase by year-end, clarified as being due to weighted average calculation.
Company Guidance
During the X Financial Fourth Quarter 2024 Earnings Conference Call, the company provided robust guidance for 2025, projecting a 30% increase in total loan volumes, driven by both organic demand and a stable regulatory environment. The fourth quarter of 2024 saw total loan volumes reach RMB32 billion, marking a 24% year-over-year increase, while the full year's total was RMB104.9 billion. The company reported a significant improvement in asset quality, with the 31 to 60 days overdue delinquency rate improving to 1.17% from 1.57% a year ago. The net income for Q4 more than doubled year-over-year, and the total net revenue for the year reached RMB5.9 billion, with a net income of RMB1.5 billion. X Financial emphasized its strategic focus on leveraging AI technologies to enhance financial services efficiency and risk management. Additionally, the company announced a semiannual dividend of USD0.25 per ADS and detailed a share repurchase program, having repurchased 52.2 million shares in 2024. Looking ahead, X Financial aims to sustain profitability and growth through strategic AI investments, disciplined risk management, and capital allocation.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.