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X Financial (XYF)
NYSE:XYF
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X Financial
(NYSE:XYF)
Rating:80Outperform
Price Target:―
X Financial (XYF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$448.03M
Dividend Yield1.88%
Average Volume (3M)256.79K
Price to Earnings (P/E)3.6
Beta (1Y)0.31
Revenue Growth20.28%
EPS Growth27.31%
CountryUS
Employees563
SectorFinancial
Sector Strength82
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)1.45
Shares Outstanding25,942,728
10 Day Avg. Volume501,921
30 Day Avg. Volume256,789
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.11
Price to Sales (P/S)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 leading technology-driven personal finance company in China that provides a comprehensive suite of financial services. The company operates primarily in the online consumer finance sector, offering products such as personal loans and wealth management solutions. X Financial leverages advanced technology and data analytics to offer tailored financial solutions to its clients while ensuring a user-friendly experience.
How the Company Makes MoneyX Financial makes money through its online platform by facilitating personal loans and offering wealth management products. The company earns revenue primarily from service fees charged to borrowers for loan facilitation and management. Additionally, X Financial generates income from interest rate spreads, which is the difference between the interest rate charged to borrowers and the rate paid to investors. Partnerships with financial institutions and third-party service providers also contribute to its revenue streams. The company's robust risk management and data analytics capabilities enhance its ability to assess borrower creditworthiness and manage investment portfolios effectively, further supporting its revenue generation.
X Financial Financial Statement Overview
Summary
X Financial demonstrates strong financial performance with notable revenue and net income growth. The balance sheet is solid with low leverage and effective equity utilization. However, negative gross profit suggests potential issues with cost management or pricing strategy. 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 | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.73B | 2.56B | 1.89B | 1.54B | 1.51B | -61.50M | Gross Profit |
| -276.37M | 2.56B | -1.21B | -747.91M | -527.09M | -2.38B | EBIT |
| -234.38M | 0.00 | 0.00 | 1.19B | 1.19B | -1.61B | EBITDA |
| 1.45B | 0.00 | 0.00 | 1.08B | 1.31B | 0.00 | Net Income Common Stockholders |
| 1.34B | 1.54B | 1.19B | 812.00M | 825.41M | -1.30B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.41B | 2.94B | 1.20B | 2.37B | 2.17B | 1.66B | Total Assets |
| 12.14B | 11.82B | 11.65B | 8.84B | 7.34B | 7.53B | Total Debt |
| 434.50M | 341.23M | 577.85M | 81.51M | 166.50M | 350.55M | Net Debt |
| -2.57B | -2.60B | -2.32B | -2.29B | -1.92B | -1.30B | Total Liabilities |
| 5.92B | 4.87B | 5.80B | 4.08B | 3.37B | 4.46B | Stockholders Equity |
| 6.22B | 6.95B | 5.85B | 4.75B | 3.98B | 3.07B |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | 1.51B | 805.67M | 316.65M | 446.55M | -684.60M | Operating Cash Flow |
| 0.00 | 1.52B | 814.14M | 322.70M | 449.17M | -679.23M | Investing Cash Flow |
| 0.00 | 122.03M | -1.11B | -913.39M | -2.35B | -3.70B | Financing Cash Flow |
| 0.00 | -1.94B | 1.23B | 576.35M | 1.30B | 4.49B |
X Financial Technical Analysis
Positive
17.27
Price Trends
13.72
Positive
11.31
Positive
8.73
Positive
Market Momentum
1.07
Negative
69.33
Neutral
78.71
Neutral
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 17.27 is above the 20-day moving average (MA) of 14.54, above the 50-day MA of 13.72, and above the 200-day MA of 8.73, indicating a bullish trend. The MACD of 1.07 indicates Negative momentum. The RSI at 69.33 is Neutral, neither overbought nor oversold. The STOCH value of 78.71 is Neutral, 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 (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $448.03M | 3.61 | 24.00% | 1.88% | 20.28% | 27.31% | |
79 Outperform | $717.29M | 9.18 | 22.68% | ― | 15.21% | 20.25% | |
75 Outperform | $542.47M | 2.48 | 17.96% | 6.09% | 17.03% | -23.72% | |
67 Neutral | $650.74M | 10.03 | 4.69% | 11.03% | -21.91% | 146.56% | |
64 Neutral | $12.67B | 9.74 | 7.58% | 17015.08% | 12.21% | -6.96% | |
55 Neutral | $562.01M | ― | -15.58% | ― | 77.44% | 85.53% | |
55 Neutral | $1.29B | ― | -18.49% | ― | -0.65% | -808.88% |
* Financial Sector Average
Performance Comparison
XYF
X Financial
17.27
13.65
377.07%
NOAH
Noah Holdings
9.40
-1.99
-17.47%
ATLC
Atlanticus Holdings
47.42
20.54
76.41%
YRD
Yiren Digital
6.24
1.89
43.45%
CIFR
Cipher Mining
3.47
-0.53
-13.25%
HIPO
Hippo Holdings
22.34
3.66
19.59%
X Financial Earnings Call Summary
Earnings Call Date:May 19, 2025
(Q1-2025)
| % Change Since: 15.13%|
Next Earnings Date:Aug 21, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong financial performance with significant growth in loan originations and revenue, improved delinquency rates, and efficient operational practices. However, there is a cautious note due to potential regulatory impacts and slight upticks in delinquency rates. The highlights significantly outweigh the lowlights, indicating a positive outlook.Q1-2025 Updates
Positive Updates
Strong Loan Origination Growth
Facilitated RMB35.15 billion in loans, an 8.8% sequential increase and 63.4% year-over-year growth, reflecting solid borrower demand.
Revenue Surge
Total revenue reached RMB1.94 billion, up 13.4% from Q4 and over 60% year-over-year, driven primarily by higher borrower volumes and originations.
Improved Delinquency Rates
31 to 60-day delinquency rate improved to 1.25%, a 22% improvement year-over-year. The 91 to 180-day delinquency rate was 2.7%, down from 4.7% in Q1 2024, a 37% reduction year-over-year.
Increased Operational Efficiency
Income from operations increased by 52% year-over-year, showcasing improved operational leverage and disciplined expense management.
Strong Profitability Metrics
Non-GAAP adjusted net income for Q1 reached RMB457 million, a 44.9% increase year-over-year, while basic earnings per ADS improved by approximately 45.6% year-over-year.
New Share Repurchase Plan
Authorization of a new share repurchase plan to buy back up to $100 million worth of Class A shares and ADS, effective until November 30, 2026.
Negative Updates
Uptick in Delinquency Rates
Despite an overall decrease, there was a small uptick in delinquency rates which was previously at a low level, potentially signaling future increases.
Regulatory Uncertainty
Anticipated changes in the regulatory environment could introduce compliance challenges and may affect loan pricing and operations moving forward.
Company Guidance
In the first quarter of 2025, X Financial reported strong financial performance and provided optimistic guidance for the coming quarters. The company facilitated RMB35.15 billion in loans, marking an 8.8% sequential increase and 63.4% year-over-year growth, while total revenue rose to RMB1.94 billion, reflecting a 13.4% sequential and over 60% year-over-year increase. Key operational metrics included a 33% growth in total loan outstanding balance, excluding loans over 60 days delinquent, which reached RMB58.4 billion. Credit quality improved significantly, with the 31 to 60-day delinquency rate decreasing to 1.25% from 1.61% a year ago, and the 91 to 180-day delinquency rate dropping to 2.7% from 4.7% in Q1 2024. The company highlighted a robust growth outlook for Q2 2025, expecting loan originations between RMB37.5 billion and RMB39.5 billion, supported by improved operational efficiency and disciplined expense management. Additionally, X Financial announced a new share repurchase plan authorizing the buyback of up to $100 million worth of its Class A shares and ADS over an 18-month period, reflecting continued confidence in its financial position and growth prospects.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.