By Helgi Library - October 12, 2020
China Rapid Finance's total assets reached USD 91.1 mil at the end of 3Q2018, down 23.9% compared to the previous year. ...
By Helgi Library - April 2, 2020
China Rapid Finance's total assets reached USD 138 mil at the end of 2017, up 135% compared to the previous year. ...
| Profit Statement | Dec 2018 | Mar 2019 | Jun 2019 | |
| Sales | USD mil | ... | ... | ... |
| Gross Profit | USD mil | ... | ... | ... |
| EBITDA | USD mil | ... | ... | ... |
| EBIT | USD mil | ... | ... | ... |
| Financing Cost | USD mil | ... | ... | ... |
| Pre-Tax Profit | USD mil | ... | ... | ... |
| Net Profit | USD mil | ... | ... | ... |
| Balance Sheet | Dec 2018 | Mar 2019 | Jun 2019 | |
| Total Assets | USD mil | ... | ... | ... |
| Non-Current Assets | USD mil | ... | ... | ... |
| Current Assets | USD mil | ... | ... | ... |
| Working Capital | USD mil | ... | ... | ... |
| Shareholders' Equity | USD mil | ... | ... | ... |
| Liabilities | USD mil | ... | ... | ... |
| Total Debt | USD mil | ... | ... | ... |
| Net Debt | USD mil | ... | ... | ... |
| Ratios | Dec 2018 | Mar 2019 | Jun 2019 | |
| ROE | % | -207 | -109 | -75.2 |
| ROCE | % | ... | ... | ... |
| Gross Margin | % | ... | ... | ... |
| EBITDA Margin | % | ... | ... | ... |
| EBIT Margin | % | -109 | -55.4 | -67.2 |
| Net Margin | % | -107 | -53.2 | -62.8 |
| Net Debt/EBITDA | ... | ... | ... | |
| Net Debt/Equity | % | ... | ... | ... |
| Cost of Financing | % | ... | ... | ... |
| Valuation | Dec 2018 | Mar 2019 | Jun 2019 | |
| Market Capitalisation | USD mil | ... | ... | ... |
| Enterprise Value (EV) | USD mil | ... | ... | ... |
| Number Of Shares | mil | ... | ... | ... |
| Share Price | HKD | 1.11 | ... | ... |
| EV/EBITDA | ... | ... | ... | |
| EV/Sales | ... | ... | ... | |
| Price/Earnings (P/E) | ... | ... | ... | |
| Price/Book Value (P/BV) | ... | ... | ... | |
| Dividend Yield | % | ... | ... | ... |
Get all company financials in excel:
| summary | Unit | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| income statement | |||||||||||||
| Sales | USD mil | ... | 34.9 | 7.63 | 23.0 | 17.6 | ... | ... | ... | ||||
| Gross Profit | USD mil | ... | 21.2 | -2.65 | 12.9 | 9.80 | ... | ... | ... | ||||
| EBIT | USD mil | ... | -4.12 | -30.1 | -10.6 | -11.8 | ... | ... | ... | ||||
| Net Profit | USD mil | ... | -3.92 | -30.2 | -10.6 | -11.0 | ... | ... | ... | ||||
| ROE | % | -71.0 | -93.3 | -108 | -166 | -207 | |||||||
| EBIT Margin | % | ... | -42.2 | -61.7 | -53.2 | -68.2 | -109 | ||||||
| Net Margin | % | ... | -41.8 | -61.2 | -52.9 | -67.0 | -107 | ||||||
| Employees | ... | ... | ... | ... | 3,411 | ... | ... | ... | ... | ... | ... | ||
| balance sheet | |||||||||||||
| Total Assets | USD mil | 138 | 115 | 104 | 91.1 | ... | ... | ... | |||||
| Non-Current Assets | USD mil | 5.83 | 6.03 | 5.55 | 5.08 | ... | ... | ... | |||||
| Current Assets | USD mil | 132 | 109 | 98.3 | 86.0 | ... | ... | ... | |||||
| Shareholders' Equity | USD mil | 59.0 | 35.3 | 25.1 | 14.7 | ... | ... | ... | |||||
| Liabilities | USD mil | 83.5 | 85.7 | 85.7 | 84.4 | ... | ... | ... | |||||
| Non-Current Liabilities | USD mil | 5.00 | 6.00 | 7.00 | 8.00 | ... | ... | ... | |||||
| Current Liabilities | USD mil | 78.5 | 79.7 | 78.7 | 76.4 | ... | ... | ... | |||||
| Net Debt/EBITDA | ... | ... | ... | ... | 2.43 | 1.25 | 1.05 | 0.565 | ... | ... | ... | ||
| Net Debt/Equity | % | -152 | -186 | -207 | -218 | ... | ... | ... | |||||
| Cost of Financing | % | ... | ... | ... | 0 | 0 | 0 | 0 | ... | ... | ... | ||
| valuation | |||||||||||||
| Market Capitalisation | USD mil | ... | ... | 370 | 324 | 142 | 187 | ... | ... | ... | |||
| Number Of Shares | mil | ... | 64.7 | 65.1 | 65.4 | 65.4 | ... | ... | ... | ||||
| Share Price | HKD | ... | ... | 5.72 | 4.98 | 2.17 | 2.86 | 1.11 | ... | ... | |||
| Earnings Per Share (EPS) | USD | ... | -0.566 | -0.798 | -0.750 | -0.852 | ... | ... | ... | ||||
| Book Value Per Share | USD | ... | 0.912 | 0.542 | 0.384 | 0.224 | ... | ... | ... | ||||
| Dividend Per Share | USD | ... | 0 | 0 | 0 | 0 | ... | ... | ... | ||||
| Price/Earnings (P/E) | ... | ... | -10.1 | -6.24 | -2.89 | -3.36 | ... | ... | ... | ||||
| Price/Book Value (P/BV) | ... | ... | 6.27 | 9.19 | 5.65 | 12.7 | ... | ... | ... | ||||
| Dividend Yield | % | ... | ... | 0 | 0 | 0 | 0 | ... | ... | ... | |||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | -29.5 | -52.3 | -9.91 | 19.8 | ... | ... | ... |
| Book Value Per Share Growth | % | ... | ... | ... | ... | ... | 7.51 | -51.9 | -71.0 | -76.7 | ... | ... | ... |
| income statement | Unit | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| income statement | |||||||||||||
| Sales | USD mil | ... | 34.9 | 7.63 | 23.0 | 17.6 | ... | ... | ... | ||||
| Cost of Goods & Services | USD mil | ... | 13.7 | 10.3 | 10.0 | 7.77 | ... | ... | ... | ||||
| Gross Profit | USD mil | ... | 21.2 | -2.65 | 12.9 | 9.80 | ... | ... | ... | ||||
| Other Cost | USD mil | ... | 25.3 | 27.5 | 23.6 | 21.6 | ... | ... | ... | ||||
| EBITDA | USD mil | ... | -4.12 | -30.1 | -10.6 | -11.8 | ... | ... | ... | ||||
| Depreciation | USD mil | ... | 0 | 0 | 0 | 0 | ... | ... | ... | ||||
| EBIT | USD mil | ... | -4.12 | -30.1 | -10.6 | -11.8 | ... | ... | ... | ||||
| Financing Cost | USD mil | ... | 0 | 0 | 0 | 0 | ... | ... | ... | ||||
| Extraordinary Cost | USD mil | ... | -0.247 | -0.291 | -0.116 | -0.816 | ... | ... | ... | ||||
| Pre-Tax Profit | USD mil | ... | -3.87 | -29.8 | -10.5 | -11.0 | ... | ... | ... | ||||
| Tax | USD mil | ... | 0.044 | 0.345 | 0.034 | 0.036 | ... | ... | ... | ||||
| Minorities | USD mil | ... | 0 | 0 | 0 | 0 | ... | ... | ... | ||||
| Net Profit | USD mil | ... | -3.92 | -30.2 | -10.6 | -11.0 | ... | ... | ... | ||||
| growth rates | |||||||||||||
| Total Revenue Growth | % | ... | ... | ... | ... | ... | 190 | -27.0 | 51.4 | -35.4 | ... | ... | ... |
| Operating Cost Growth | % | ... | ... | ... | ... | ... | 56.8 | 82.4 | 22.3 | 9.26 | ... | ... | ... |
| EBITDA Growth | % | ... | ... | ... | ... | ... | -69.2 | 103 | -22.0 | 165 | ... | ... | ... |
| EBIT Growth | % | ... | ... | ... | ... | ... | -69.2 | 103 | -22.0 | 165 | ... | ... | ... |
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | ... | -70.8 | 101 | -22.0 | 154 | ... | ... | ... |
| Net Profit Growth | % | ... | ... | ... | ... | ... | -70.5 | 103 | -21.9 | 153 | ... | ... | ... |
| ratios | |||||||||||||
| ROE | % | -71.0 | -93.3 | -108 | -166 | -207 | |||||||
| ROCE | % | ... | ... | ... | ... | 111 | 134 | 111 | 112 | ... | ... | ... | |
| Gross Margin | % | ... | ... | ... | ... | 48.3 | 46.5 | 50.5 | 49.7 | ... | ... | ... | |
| EBITDA Margin | % | ... | ... | ... | ... | -42.2 | -61.7 | -53.2 | -68.2 | ... | ... | ... | |
| EBIT Margin | % | ... | -42.2 | -61.7 | -53.2 | -68.2 | -109 | ||||||
| Net Margin | % | ... | -41.8 | -61.2 | -52.9 | -67.0 | -107 | ||||||
| Payout Ratio | % | ... | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost of Financing | % | ... | ... | ... | 0 | 0 | 0 | 0 | ... | ... | ... | ||
| Net Debt/EBITDA | ... | ... | ... | ... | 2.43 | 1.25 | 1.05 | 0.565 | ... | ... | ... |
| balance sheet | Unit | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| balance sheet | |||||||||||||
| Non-Current Assets | USD mil | 5.83 | 6.03 | 5.55 | 5.08 | ... | ... | ... | |||||
| Property, Plant & Equipment | USD mil | 5.83 | 6.03 | 5.55 | 5.08 | ... | ... | ... | |||||
| Current Assets | USD mil | 132 | 109 | 98.3 | 86.0 | ... | ... | ... | |||||
| Inventories | USD mil | 0 | 0 | 0 | 0 | ... | ... | ... | |||||
| Receivables | USD mil | 0.354 | 0 | 0 | 0 | ... | ... | ... | |||||
| Cash & Cash Equivalents | USD mil | 94.9 | 71.7 | 58.8 | 40.0 | ... | ... | ... | |||||
| Total Assets | USD mil | 138 | 115 | 104 | 91.1 | ... | ... | ... | |||||
| Shareholders' Equity | USD mil | 59.0 | 35.3 | 25.1 | 14.7 | ... | ... | ... | |||||
| Of Which Minority Interest | USD mil | 0 | 0 | 0 | 0 | ... | ... | ... | |||||
| Liabilities | USD mil | 83.5 | 85.7 | 85.7 | 84.4 | ... | ... | ... | |||||
| Non-Current Liabilities | USD mil | 5.00 | 6.00 | 7.00 | 8.00 | ... | ... | ... | |||||
| Long-Term Debt | USD mil | 5.00 | 6.00 | 7.00 | 8.00 | ... | ... | ... | |||||
| Current Liabilities | USD mil | 78.5 | 79.7 | 78.7 | 76.4 | ... | ... | ... | |||||
| Short-Term Debt | USD mil | 0 | 0 | 0 | 0 | ... | ... | ... | |||||
| Trade Payables | USD mil | ... | 53.9 | 51.5 | 56.4 | 60.7 | ... | ... | ... | ||||
| Equity And Liabilities | USD mil | 138 | 115 | 104 | 91.1 | ... | ... | ... | |||||
| growth rates | |||||||||||||
| Total Asset Growth | % | ... | ... | ... | ... | 135 | 79.3 | -11.8 | -23.9 | ... | ... | ... | |
| Shareholders' Equity Growth | % | ... | ... | ... | ... | 321 | 86.3 | -62.1 | -76.5 | ... | ... | ... | |
| Net Debt Growth | % | ... | ... | ... | ... | 400 | 192 | -27.6 | -58.7 | ... | ... | ... | |
| Total Debt Growth | % | ... | ... | ... | ... | ... | 400 | 200 | 133 | 100 | ... | ... | ... |
| ratios | |||||||||||||
| Total Debt | USD mil | 5.00 | 6.00 | 7.00 | 8.00 | ... | ... | ... | |||||
| Net Debt | USD mil | -89.9 | -65.7 | -51.8 | -32.0 | ... | ... | ... | |||||
| Working Capital | USD mil | ... | -53.5 | -51.5 | -56.4 | -60.7 | ... | ... | ... | ||||
| Capital Employed | USD mil | ... | -47.7 | -45.5 | -50.9 | -55.6 | ... | ... | ... | ||||
| Net Debt/Equity | % | -152 | -186 | -207 | -218 | ... | ... | ... | |||||
| Cost of Financing | % | ... | ... | ... | 0 | 0 | 0 | 0 | ... | ... | ... |
| cash flow | Unit | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| cash flow | |||||||||||||
| Net Profit | USD mil | ... | -3.92 | -30.2 | -10.6 | -11.0 | ... | ... | ... | ||||
| Depreciation | USD mil | ... | 0 | 0 | 0 | 0 | ... | ... | ... | ||||
| ratios | |||||||||||||
| Days Sales Outstanding | days | ... | 1.47 | 0 | 0 | 0 | ... | ... | ... | ||||
| Days Sales Of Inventory | days | ... | 0 | 0 | 0 | 0 | ... | ... | ... | ||||
| Days Payable Outstanding | days | ... | 434 | 414 | 449 | 530 | ... | ... | ... | ||||
| Cash Conversion Cycle | days | ... | -432 | -414 | -449 | -530 | ... | ... | ... | ||||
| Cash Earnings | USD mil | ... | -3.92 | -30.2 | -10.6 | -11.0 | ... | ... | ... | ||||
| Cash Earnings Per Share | USD | ... | ... | ... | ... | -0.566 | -0.798 | -0.750 | -0.852 | ... | ... | ... | |
| Price/Cash Earnings (P/CE) | ... | ... | ... | ... | -10.1 | -6.24 | -2.89 | -3.36 | ... | ... | ... |
| other data | Unit | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| other data | |||||||||||||
| ROA | % | -33.4 | -42.4 | -41.2 | -49.8 | -50.1 | |||||||
| Gross Margin | % | ... | ... | ... | ... | 48.3 | 46.5 | 50.5 | 49.7 | ... | ... | ... | |
| Staff Cost (As % Of Total Cost) | % | ... | 0 | 0 | 0 | 0 | 0 | ||||||
| Effective Tax Rate | % | ... | -0.309 | -0.889 | -0.956 | -0.831 | -0.808 | ||||||
| Enterprise Value (EV) | USD mil | ... | ... | 280 | 259 | 90.0 | 155 | ... | ... | ... | |||
| EV/EBITDA | ... | ... | ... | ... | -7.57 | -4.94 | -1.82 | -2.73 | ... | ... | ... | ||
| EV/Capital Employed | ... | ... | -5.87 | -5.69 | -1.77 | -2.79 | ... | ... | ... | ||||
| EV/Sales | ... | ... | 3.20 | 3.05 | 0.971 | 1.86 | ... | ... | ... | ||||
| EV/EBIT | ... | ... | -7.57 | -4.94 | -1.82 | -2.73 | ... | ... | ... |
Get all company financials in excel:
China Rapid Finance has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of USD -34.7 mil in 2017, or -39.6% of sales. That’s compared to -26.4% average margin seen in last five years.
The company netted USD -36.6 mil in 2017 implying ROE of -100% and ROCE of 111%. Again, the average figures were -83.8% and 86.2%, respectively when looking at the previous 5 years.
China Rapid Finance’s net debt amounted to USD -94.9 mil at the end of 2017, or -1.61% of equity. When compared to EBITDA, net debt was 2.73x, up when compared to average of -106x seen in the last 5 years.
China Rapid Finance stock traded at HKD 7.54 per share at the end of 2017 resulting in a market capitalization of USD 370 mil. Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of -7.93x and price to earnings (PE) of -10.1x as of 2017.
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