PPDAI Group

PPDAI's net interest income rose 979% yoy to CNY 195 mil in 2Q2019

By Helgi Analytics - November 05, 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...

PPDAI's price/earnings (P/E) fell 72.6% yoy to 3.19 in 2Q2019

By Helgi Analytics - November 05, 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...

PPDAI's net profit rose 8.89% yoy to CNY 661 mil in 2Q2019

By Helgi Analytics - November 05, 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
Fee Income (As % Of Revenues) % 83.0 89.4 84.6
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
Market Capitalisation (End Of Period) USD mil 1,740 1,109 1,097
Share Price (End Of Period) USD 13.1 7.11 3.66
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:

Download Sample   $19.99

summary Unit 2015 2016 2017 2018
income statement        
Net Interest Income CNY mil 4.25 41.8    
Total Revenues CNY mil 202 1,250    
Operating Profit CNY mil -139 272    
Net Profit CNY mil -72.1 501    
balance sheet        
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    
Interbank Borrowing CNY mil 302 895    
Customer Deposits CNY mil 0 0    
Issued Debt Securities CNY mil 0 0    
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 Income (As % Of Revenues) % 2.11 3.34    
Fee Income (As % Of Revenues) % 85.5 83.0    
Equity (As % Of Assets) % 36.4 36.0    
Loans (As % Assets) % 15.7 13.4    
NPLs (As % Of Loans) % 1.93 3.70    
valuation        
Market Capitalisation (End Of Period) USD mil ... 1,740    
Number Of Shares (Average) mil 665 665    
Share Price (End Of Period) USD ... 13.1    
Earnings Per Share (EPS) CNY -0.108 0.754    
Book Value Per Share CNY 0.404 1.16    
Price/Earnings (P/E) ... 24.1    
Price/Book Value (P/BV) ... 15.7    
Earnings Per Share Growth % ... -795    
Book Value Per Share Growth % ... 188    
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:

Download Sample   $19.99

PPDAI's market capitalisation (end of period) rose 18.2% to USD 1,335 mil in 2Q2019

By Helgi Analytics - November 05, 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...

PPDAI's share price (end of period) fell 26.9% yoy to USD 4.35 in 2Q2019

By Helgi Analytics - November 05, 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...

PPDAI's equity (as % of assets) fell 10.5% yoy to 42.4% in 2Q2019

By Helgi Analytics - November 05, 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. ...

PPDAI's customer loans rose 22.2% yoy to CNY 287 mil in 2Q2019

By Helgi Analytics - November 05, 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's customer deposits remain unchanged yoy at CNY 0 mil in 2Q2019

By Helgi Analytics - November 05, 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...

More News

PPDAI Group Logo

Finance

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 0% 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 nan% 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.

Valuation

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.