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FINV

FinVolution Group

https://ir.finvgroup.com

Industry

Financial - Credit Services

FinVolution Group operates fintech platform that connects underserved individual borrowers with financial institutions in China. It operates in online consumer finance industry. The company's platform empowered by proprietary technologies, features automated loan transaction process, which enables a user experience. As of March 31, 2022, it had approximately 145.3 million cumulative registered users. The company was formerly known as PPDAI Group Inc. and changed its name to FinVolution Group in November 2019. FinVolution Group was founded in 2007 and is headquartered in Shanghai, the People's Republic of China.

Open

6.23

Mkt cap

1.6B

Volume

287K

High

6.25

P/E Ratio

5.37

52-wk high

7.24

Low

5.99

Div yield

0.04

52-wk low

4.22

Lufax Holding Ltd. (NYSE:LU) announced a special dividend of $2.42 per ADS, which is about half of its closing price of $4.48, following a significant reduction in its loan portfolio as part of a de-risking strategy. Despite this, investor enthusiasm remains low due to skepticism towards Chinese online lenders and concerns over China's economic slowdown. Lufax's shift towards higher quality borrowers and consumer lending, along with a reduction in geographical reach and operational costs, has not yet convinced investors of its long-term prospects.

Portfolio Pulse from The Bamboo Works

March 25, 2024 | 1:54 pm

Qifu Technology Inc. (NASDAQ:QFIN) reported a 13% year-on-year revenue increase and a 21.5% net profit rise in Q4, outperforming its annual figures and projections. The company announced a significant share repurchase plan of up to $350 million, exceeding its previous $132 million buyback. This move, along with a dividend payout of 20%-30% of its GAAP-based net profit, has led to a more than 20% increase in its stock price post-announcement. In contrast, FinVolution Group (NYSE:FINV) reported modest growth, highlighting the competitive and economic challenges in China. Qifu's strategy focuses on shareholder returns amid limited growth opportunities, with its P/E ratio currently at 5, compared to FinVolution's 4 and LendingClub's (NYSE:LC) 21.

Portfolio Pulse from The Bamboo Works

March 20, 2024 | 2:54 pm

FinVolution's stock price is trading lower after the company reported its Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 3:09 pm

FinVolution Group (NYSE:FINV), a leading fintech platform, has announced a 10.2% increase in its year-end dividend to $0.237 per ADS for fiscal year 2023, payable on May 7, 2024, to shareholders of record as of April 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 6:51 am

FinVolution Group reported Q4 adjusted earnings per share of $0.29, unchanged YoY, with sales of $454.03M missing the $455.12M estimate, a 2.68% increase from last year's $442.20M.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 6:48 am

Earnings reports for March 18, 2024, include a mix of expected profits and losses across various sectors. Notable companies like Embraer, Science Applications Intl, and StoneCo are anticipated to report profits, while System1, Exagen, and OneConnect Financial Tech project losses. The diversity in performance highlights the varied economic conditions impacting different industries.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 9:57 am

Yixin Group Ltd. is selling its 49% stake in a joint venture with Qingdao Caitong Group to focus on its core auto financing business in China, particularly benefiting from the EV boom. Despite a challenging Chinese car market, Yixin's auto financing grew 30% year-on-year in Q3 2023. The company's diversification efforts remain within the auto industry, such as a SaaS platform for auto financing-related technology. Yixin's shares saw a brief rally after the announcement, indicating investor confidence. Other Chinese online lenders like FinVolution and LexinFintech also have low P/S ratios, reflecting a depressed valuation in the sector.

Portfolio Pulse from The Bamboo Works

January 10, 2024 | 6:13 pm

FinVolution Group (NYSE:FINV) reported Q3 adjusted earnings of $0.30 per share, consistent with the previous year. Sales increased by 4.92% to $438.26M from $417.72M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:45 pm

Earnings reports are scheduled for November 20, 2023, for a variety of companies across different sectors. The reports include a mix of projected earnings per share and revenue figures for companies such as Greenland Technologies, Pyxis Tankers, and Agilent Technologies, among others. Some companies are expected to report losses, such as Xcel Brands and Enanta Pharma. The earnings release could influence the stock prices of these companies in the short term.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 12:11 pm

FinVolution Group (NYSE:FINV), a leading fintech platform, has announced a new share repurchase program authorized by its board of directors. The program, effective from August 29, 2023, allows the company to repurchase its own Class A ordinary shares in the form of American depositary shares (ADS) with an aggregate value of up to $150 million until August 29, 2025.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 7:42 am

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