By Helgi Library - October 3, 2019
PPDAI Group generated total banking revenues of CNY 1,562 mil in the second quarter of 2019, up 46.7% when compared to the same p...
By Helgi Library - October 3, 2019
PPDAI Group stock traded at USD 4.35 per share at the end second quarter of 2019 implying a market capitalization of USD 1,335 mil. Sin...
By Helgi Library - October 3, 2019
PPDAI Group made a net profit of CNY 661 mil under revenues of CNY 1,562 mil in the second quarter of 2019, up 8.89% and 46.7...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | CNY mil | 41.8 | 31.4 | 256 |
| Net Fee Income | CNY mil | 1,038 | 3,512 | 3,842 |
| Other Income | CNY mil | 170 | 384 | 446 |
| Total Revenues | CNY mil | 1,250 | 3,927 | 4,544 |
| Operating Profit | CNY mil | 272 | 1,576 | 2,146 |
| Provisions | CNY mil | 34.7 | 46.6 | 299 |
| Net Profit | CNY mil | 501 | 1,083 | 2,469 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | CNY mil | 260 | 1,959 | 1,695 |
| Customer Loans | CNY mil | 287 | 1,153 | 2,064 |
| Total Assets | CNY mil | 2,147 | 8,604 | 13,143 |
| Shareholders' Equity | CNY mil | 772 | 3,682 | 5,986 |
| Interbank Borrowing | CNY mil | 895 | 3,177 | 4,724 |
| Customer Deposits | CNY mil | 0 | 0 | 0 |
| Issued Debt Securities | CNY mil | 0 | 503 | 1,506 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 96.4 | 48.6 | 51.1 |
| ROA | % | 34.8 | 20.1 | 22.7 |
| Costs (As % Of Assets) | % | 67.9 | 43.7 | 22.1 |
| Costs (As % Of Income) | % | 78.3 | 59.9 | 52.8 |
| Net Interest Margin | % | 2.90 | 0.584 | 2.36 |
| NPLs (As % Of Loans) | % | 3.70 | 8.12 | 7.27 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 24.1 | 6.67 | 3.09 | |
| Price/Book Value (P/BV) | 15.7 | 1.96 | 1.27 | |
| Earnings Per Share (EPS) | CNY | 0.754 | 1.39 | 1.54 |
| Book Value Per Share | CNY | 1.16 | 4.72 | 3.74 |
Get all company financials in excel:
| income statement | Unit | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||
| Interest Income | CNY mil | ... | 60.0 | ||
| Interest Cost | CNY mil | ... | 18.2 | ||
| Net Interest Income | CNY mil | 4.25 | 41.8 | ||
| Net Fee Income | CNY mil | 172 | 1,038 | ||
| Other Income | CNY mil | 25.1 | 170 | ||
| Total Revenues | CNY mil | 202 | 1,250 | ||
| Other Cost | CNY mil | 341 | 979 | ||
| Operating Cost | CNY mil | 341 | 979 | ||
| Operating Profit | CNY mil | -139 | 272 | ||
| Provisions | CNY mil | 5.91 | 34.7 | ||
| Extra and Other Cost | CNY mil | -77.3 | -313 | ||
| Pre-Tax Profit | CNY mil | -67.8 | 550 | ||
| Tax | CNY mil | 4.36 | 48.3 | ||
| Minorities | CNY mil | 0 | 0 | ||
| Net Profit | CNY mil | -72.1 | 501 | ||
| growth rates | |||||
| Net Interest Income Growth | % | ... | 884 | ||
| Net Fee Income Growth | % | ... | 503 | ||
| Total Revenue Growth | % | ... | 520 | ||
| Operating Cost Growth | % | ... | 187 | ||
| Operating Profit Growth | % | ... | -295 | ||
| Pre-Tax Profit Growth | % | ... | -911 | ||
| Net Profit Growth | % | ... | -795 |
| balance sheet | Unit | 2015 | 2016 | 2017 | 2018 |
| balance sheet | |||||
| Cash | CNY mil | 362 | 1,208 | ||
| Interbank Loans | CNY mil | 34.5 | 260 | ||
| Customer Loans | CNY mil | 115 | 287 | ||
| Total Assets | CNY mil | 737 | 2,147 | ||
| Shareholders' Equity | CNY mil | 268 | 772 | ||
| Liabilities | CNY mil | 469 | 1,375 | ||
| Interbank Borrowing | CNY mil | 302 | 895 | ||
| Customer Deposits | CNY mil | 0 | 0 | ||
| Issued Debt Securities | CNY mil | 0 | 0 | ||
| Other Liabilities | CNY mil | 167 | 480 | ||
| growth rates | |||||
| Customer Loan Growth | % | ... | 148 | ||
| Total Asset Growth | % | ... | 191 | ||
| Shareholders' Equity Growth | % | ... | 188 |
| ratios | Unit | 2015 | 2016 | 2017 | 2018 |
| ratios | |||||
| ROE | % | -26.9 | 96.4 | ||
| ROA | % | -9.79 | 34.8 | ||
| Costs (As % Of Assets) | % | 46.2 | 67.9 | ||
| Costs (As % Of Income) | % | 169 | 78.3 | ||
| Net Interest Margin | % | 0.577 | 2.90 | ||
| Interest Spread | % | ... | 2.19 | ||
| Asset Yield | % | ... | 4.16 | ||
| Cost Of Liabilities | % | ... | 1.97 | ||
| Interest Income (As % Of Revenues) | % | 2.11 | 3.34 | ||
| Fee Income (As % Of Revenues) | % | 85.5 | 83.0 | ||
| Other Income (As % Of Revenues) | % | 12.4 | 13.6 | ||
| Equity (As % Of Assets) | % | 36.4 | 36.0 | ||
| Loans (As % Assets) | % | 15.7 | 13.4 | ||
| NPLs (As % Of Loans) | % | 1.93 | 3.70 | ||
| Cost of Provisions (As % Of Loans) | % | 5.12 | 17.3 |
| other data | Unit | 2015 | 2016 | 2017 | 2018 |
| other data | |||||
| On-balance Sheet Loans | RMB mil | 115 | 287 | ||
| Loan Facilitation & Servicing Fee | CNY mil | 164 | 911 | ||
| Processing and Servicing Cost | CNY mil | 99.4 | 388 | ||
| Provision for Credit Losses of Contract Assets and Service Fees Receivable | CNY mil | ... | ... | ||
| Profit on Off-Balance Sheet Loans | CNY mil | ... | ... | ||
| Profit on Off-Balance Sheet Loans (As % of Pre-Tax Profit) | CNY mil | ... | ... |
Get all company financials in excel:
By Helgi Library - October 3, 2019
PPDAI Group's customer deposits reached CNY 0 mil in 2016-12-31, down 0% compared to the previous year. Chinese banking sector accepted customer deposits of CNY 71,030 bil in 2016-12-31, up 6.68% when compared to the last year. PPDAI Group accounted for 0...
By Helgi Library - October 23, 2019
PPDAI Group stock traded at JPY 1,645 per share at the end of second quarter of 2019 implying a market capitalization of USD 3,477 mil. Over the last five years, the stock has depreciated by 36.4 implying an annual average growth of -8.65% In absolute ter...
By Helgi Library - October 3, 2019
PPDAI Group stock traded at USD 4.35 per share at the end of second quarter of 2019 implying a market capitalization of USD 1,335 mil. Over the last five years, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of t...
By Helgi Library - October 7, 2019
PPDAI Group's Equity reached 7.25% of total assets in the 2Q2019, up from 7.16% for the previous year. As a share of net customer loans, the ratio amounted to 13.9% at the end of the second quarter of 2019. ...
By Helgi Library - October 3, 2019
PPDAI Group's customer loans reached CNY 287 mil in 2016-12-31, down 0% compared to the previous year. Chinese banking sector provided customer loans of CNY 116,601 bil in 2016-12-31, up 2.32% when compared to the last year. PPDAI Group accounted for 0.01...
PPDAI Group has been growing its revenues and asset by 182% and 161% a year on average in the last 3 years. Its loans and deposits have grown by 161% and % a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of 65.4% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 52.8% in 2018, compared to 63.6% average in the last three years.
Equity represented 45.5% of total assets or 290% of loans at the end of 2018. PPDAI Group's non-performing loans were 7.27% of total loans while provisions covered some of NPLs at the end of 2018.
PPDAI Group stock traded at USD 3.66 per share at the end of 2018 resulting in a market capitalization of USD 1,097 mil. Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 65.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 3.09x and price to book value (PBV) of 1.27x in 2018.
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