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 | Dec 2018 | Mar 2019 | Jun 2019 | |
| Net Interest Income | CNY mil | -9.41 | 133 | 195 |
| Net Fee Income | CNY mil | 1,087 | 1,247 | 1,256 |
| Other Income | CNY mil | 132 | 78.3 | 112 |
| Total Revenues | CNY mil | 1,210 | 1,458 | 1,562 |
| Operating Profit | CNY mil | 540 | 855 | 836 |
| Provisions | CNY mil | 0.801 | 71.3 | 73.2 |
| Net Profit | CNY mil | 774 | 703 | 661 |
| Balance Sheet | Dec 2018 | Mar 2019 | Jun 2019 | |
| Interbank Loans | CNY mil | 1,695 | 1,444 | 989 |
| Customer Loans | CNY mil | 2,064 | 2,475 | 2,497 |
| Total Assets | CNY mil | 13,143 | 15,155 | 16,496 |
| Shareholders' Equity | CNY mil | 5,986 | 6,322 | 7,002 |
| Interbank Borrowing | CNY mil | 4,724 | 5,380 | 5,853 |
| Customer Deposits | CNY mil | 0 | 0 | 0 |
| Issued Debt Securities | CNY mil | 1,506 | 2,141 | 2,630 |
| Ratios | Dec 2018 | Mar 2019 | Jun 2019 | |
| ROE | % | 54.9 | 45.7 | 39.7 |
| ROA | % | 24.7 | 19.9 | 16.7 |
| Costs (As % Of Assets) | % | 21.4 | 17.1 | 18.4 |
| Costs (As % Of Income) | % | 55.4 | 41.4 | 46.5 |
| Net Interest Margin | % | -0.301 | 3.77 | 4.92 |
| NPLs (As % Of Loans) | % | 7.27 | 6.86 | 6.45 |
| Valuation | Dec 2018 | Mar 2019 | Jun 2019 | |
| Price/Earnings (P/E) | 3.09 | 2.81 | 3.19 | |
| Price/Book Value (P/BV) | 1.27 | 1.21 | 1.27 | |
| Dividend Yield | % | 0 | 0 | 0 |
| Earnings Per Share (EPS) | CNY | 1.54 | 1.75 | 1.78 |
| Book Value Per Share | CNY | 3.74 | 4.06 | 4.47 |
| Dividend Per Share | CNY | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | 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 | |||||||||||||||||||
| Net Interest Income | CNY mil | ... | ... | ... | ... | ... | ... | -13.2 | 38.6 | 18.1 | -20.3 | -9.41 | |||||||
| Total Revenues | CNY mil | 899 | 955 | 1,065 | 1,084 | 1,210 | |||||||||||||
| Operating Profit | CNY mil | ... | ... | ... | ... | ... | ... | 114 | 412 | 475 | 491 | 540 | |||||||
| Net Profit | CNY mil | ... | ... | ... | ... | ... | ... | -507 | 439 | 607 | 649 | 774 | |||||||
| balance sheet | |||||||||||||||||||
| Interbank Loans | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,959 | 2,262 | 1,441 | 1,835 | 1,695 | |||||
| Customer Loans | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,153 | 1,325 | 2,043 | 2,003 | 2,064 | |||||
| Total Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 8,604 | 9,159 | 10,178 | 11,908 | 13,143 | |||||
| Shareholders' Equity | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 3,682 | 4,261 | 4,830 | 5,289 | 5,986 | |||||
| Interbank Borrowing | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 3,177 | 3,522 | 3,938 | 4,725 | 4,724 | |||||
| Customer Deposits | CNY mil | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||
| Issued Debt Securities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 503 | 559 | 593 | 951 | 1,506 | |||||
| ratios | |||||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | ... | ... | ... | -67.1 | 44.2 | 53.4 | 51.3 | 54.9 | |||||
| ROA | % | ... | ... | ... | ... | ... | ... | ... | ... | -26.2 | 19.8 | 25.1 | 23.5 | 24.7 | |||||
| Costs (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | ... | 40.6 | 24.5 | 24.4 | 21.5 | 21.4 | |||||
| Costs (As % Of Income) | % | ... | ... | ... | ... | ... | ... | 87.4 | 56.9 | 55.4 | 54.7 | 55.4 | |||||||
| Net Interest Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | -0.685 | 1.74 | 0.747 | -0.736 | -0.301 | |||||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | ... | ... | ... | -1.47 | 4.04 | 1.69 | -1.87 | -0.778 | |||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | ... | ... | ... | 94.3 | 88.8 | 90.0 | 87.4 | 89.9 | |||||||
| Equity (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | ... | 42.8 | 46.5 | 47.5 | 44.4 | 45.5 | |||||
| Loans (As % Assets) | % | ... | ... | ... | ... | ... | ... | ... | ... | 13.4 | 14.5 | 20.1 | 16.8 | 15.7 | |||||
| NPLs (As % Of Loans) | % | 8.12 | 12.6 | 6.87 | 6.63 | 7.27 | |||||||||||||
| valuation | |||||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,109 | 2,240 | 1,792 | 1,596 | 1,097 | |||
| Number Of Shares (Average) | mil | ... | ... | ... | ... | ... | 780 | 1,624 | 1,621 | 1,571 | 1,600 | ||||||||
| Share Price (End Of Period) | USD | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.11 | 7.45 | 5.95 | 5.38 | 3.66 | |||
| Earnings Per Share (EPS) | CNY | ... | ... | ... | ... | ... | 1.39 | 0.681 | 0.666 | 0.756 | 1.54 | ||||||||
| Book Value Per Share | CNY | ... | ... | ... | ... | ... | ... | ... | ... | 4.72 | 2.62 | 2.98 | 3.37 | 3.74 | |||||
| Dividend Per Share | CNY | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.67 | 14.3 | 11.6 | 9.27 | 3.09 | ||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.96 | 3.70 | 2.60 | 2.08 | 1.27 | ||||
| Dividend Yield | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 101 | -48.4 | -70.6 | -72.9 | 11.1 | |||
| Book Value Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 307 | 8,205 | 1,735 | -5.34 | -20.8 |
| income statement | Unit | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | 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 | |||||||||||||||||||
| Net Interest Income | CNY mil | ... | ... | ... | ... | ... | ... | -13.2 | 38.6 | 18.1 | -20.3 | -9.41 | |||||||
| Net Fee Income | CNY mil | ... | ... | ... | ... | ... | ... | 847 | 848 | 959 | 948 | 1,087 | |||||||
| Other Income | CNY mil | ... | ... | ... | ... | ... | ... | 64.7 | 68.8 | 88.2 | 157 | 132 | |||||||
| Total Revenues | CNY mil | 899 | 955 | 1,065 | 1,084 | 1,210 | |||||||||||||
| Other Cost | CNY mil | ... | ... | ... | ... | ... | ... | 785 | 544 | 590 | 593 | 670 | |||||||
| Operating Cost | CNY mil | ... | ... | ... | ... | ... | ... | 785 | 544 | 590 | 593 | 670 | |||||||
| Operating Profit | CNY mil | ... | ... | ... | ... | ... | ... | 114 | 412 | 475 | 491 | 540 | |||||||
| Provisions | CNY mil | ... | ... | ... | ... | ... | ... | 705 | -14.7 | -89.1 | 34.9 | 0.801 | |||||||
| Extra and Other Cost | CNY mil | ... | ... | ... | ... | ... | ... | -10.3 | -106 | -202 | -286 | -42.1 | |||||||
| Pre-Tax Profit | CNY mil | ... | ... | ... | ... | ... | ... | -581 | 532 | 766 | 742 | 581 | |||||||
| Tax | CNY mil | ... | ... | ... | ... | ... | ... | -74.1 | 94.6 | 158 | 92.2 | -194 | |||||||
| Minorities | CNY mil | ... | ... | ... | ... | ... | ... | -0.076 | -1.48 | 1.24 | 0.207 | 0.417 | |||||||
| Net Profit | CNY mil | ... | ... | ... | ... | ... | ... | -507 | 439 | 607 | 649 | 774 | |||||||
| growth rates | |||||||||||||||||||
| Net Interest Income Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -463 | 8,205 | 1,735 | 495 | -28.9 | |||
| Net Fee Income Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 115 | 43.5 | -0.824 | -14.4 | 28.3 | |||
| Total Revenue Growth | % | ... | ... | ... | ... | 81.3 | 42.8 | -0.057 | -13.1 | 34.6 | |||||||||
| Operating Cost Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 136 | 40.2 | 15.6 | -11.2 | -14.7 | |||
| Operating Profit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -30.3 | 46.4 | -14.5 | -15.3 | 375 | |||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -302 | 8.51 | 2.32 | 5.97 | -200 | |||
| Net Profit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -291 | 5.34 | -4.00 | 19.9 | -253 | |||
| market share | |||||||||||||||||||
| Market Share in Revenues | % | 1.95 | 2.15 | 2.14 | ... | ... | ... | ... | |||||||||||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | ... | 2.41 | 2.36 | ... | ... | ... | ... |
| balance sheet | Unit | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | 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 | |||||||||||||||||||
| Cash | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 4,284 | 4,040 | 4,847 | 5,157 | 5,294 | |||||
| Interbank Loans | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,959 | 2,262 | 1,441 | 1,835 | 1,695 | |||||
| Customer Loans | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,153 | 1,325 | 2,043 | 2,003 | 2,064 | |||||
| Total Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 8,604 | 9,159 | 10,178 | 11,908 | 13,143 | |||||
| Shareholders' Equity | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 3,682 | 4,261 | 4,830 | 5,289 | 5,986 | |||||
| Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 4,921 | 4,899 | 5,348 | 6,618 | 7,157 | |||||
| Interbank Borrowing | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 3,177 | 3,522 | 3,938 | 4,725 | 4,724 | |||||
| Customer Deposits | CNY mil | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||
| Issued Debt Securities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 503 | 559 | 593 | 951 | 1,506 | |||||
| Other Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,242 | 818 | 818 | 942 | 926 | |||||
| growth rates | |||||||||||||||||||
| Customer Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 302 | ... | ... | 105 | 79.1 | |||
| Total Asset Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 301 | ... | ... | 73.4 | 52.8 | |||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 377 | ... | ... | 124 | 62.6 | |||
| market share | |||||||||||||||||||
| Market Share in Customer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | 0.037 | 0.042 | 0.063 | 0.060 | ... | ... | ... | |||
| Market Share in Total Assets | % | ... | ... | ... | ... | ... | ... | ... | ... | 0.122 | 0.124 | 0.136 | 0.156 | ... | ... | ... | |||
| Market Share in Customer Deposits | % | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | ... | ... | ... |
| ratios | Unit | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| ratios | |||||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | ... | ... | ... | -67.1 | 44.2 | 53.4 | 51.3 | 54.9 | |||||
| ROA | % | ... | ... | ... | ... | ... | ... | ... | ... | -26.2 | 19.8 | 25.1 | 23.5 | 24.7 | |||||
| Costs (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | ... | 40.6 | 24.5 | 24.4 | 21.5 | 21.4 | |||||
| Costs (As % Of Income) | % | ... | ... | ... | ... | ... | ... | 87.4 | 56.9 | 55.4 | 54.7 | 55.4 | |||||||
| Net Interest Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | -0.685 | 1.74 | 0.747 | -0.736 | -0.301 | |||||
| Asset Yield | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.685 | 1.74 | 0.747 | -0.736 | -0.301 | ||
| Payout Ratio | % | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | ... | ... | ... | -1.47 | 4.04 | 1.69 | -1.87 | -0.778 | |||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | ... | ... | ... | 94.3 | 88.8 | 90.0 | 87.4 | 89.9 | |||||||
| Other Income (As % Of Revenues) | % | ... | ... | ... | ... | ... | ... | 7.20 | 7.20 | 8.28 | 14.5 | 10.9 | |||||||
| Equity (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | ... | 42.8 | 46.5 | 47.5 | 44.4 | 45.5 | |||||
| Loans (As % Assets) | % | ... | ... | ... | ... | ... | ... | ... | ... | 13.4 | 14.5 | 20.1 | 16.8 | 15.7 | |||||
| NPLs (As % Of Loans) | % | 8.12 | 12.6 | 6.87 | 6.63 | 7.27 | |||||||||||||
| Cost of Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | 265 | -4.74 | -21.2 | 6.90 | 0.158 |
| other data | Unit | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | 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 | |||||||||||||||||||
| Clients | mil | ... | ... | ... | ... | ... | ... | ... | 65.4 | 71.4 | 78.1 | 83.9 | 88.9 | ||||||
| Total Loan Book | RMB mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,723 | 4,113 | 5,654 | ||
| On-balance Sheet Loans | RMB mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,153 | 1,325 | 2,043 | 2,003 | 2,064 | ||||
| Off-balance Sheet Loans | RMB mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,680 | 2,110 | 3,590 | ||
| Off-balance Sheet Loans (As % of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 54.9 | 48.7 | 36.5 | ||
| On-balance Sheet Loans (As % of Total) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 45.1 | 51.3 | 63.5 | ||
| Average Tenor | months | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Average Ticket Size | RMB | ... | ... | ... | ... | ... | ... | ... | 2,590 | 3,066 | 3,212 | 3,396 | 3,423 | ||||||
| Outstanding Loan per Borrower (Calculated) | RMB | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,145 | 1,495 | 1,885 | ||
| Loan Facilitation Income (As % of Off BS Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 37.3 | 29.4 | ||
| Loss of Guarantee Liability (As % of off-BS Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.37 | -7.33 | ||
| Cost of Risk (incl. Off BS Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -9.57 | 3.56 | 0.066 | ||
| Equity (As % of Off- and On BS Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 130 | 129 | 106 | ||
| 90 day+ deliquency ratio | % | ... | ... | ... | ... | 4.19 | 8.01 | 4.61 | 3.37 | 4.23 | |||||||||
| Revenue per Client | RMB | 225 | 382 | 328 | 394 | 403 | |||||||||||||
| Operating Profit per Client | RMB | ... | ... | ... | ... | ... | ... | 28.4 | 165 | 146 | 178 | 180 | |||||||
| Pre-Tax Profit per Client | RMB | ... | ... | ... | ... | ... | ... | -145 | 213 | 235 | 270 | 194 | |||||||
| Loan Origination (Total) | CNY mil | 17,567 | 12,349 | 16,761 | 14,771 | 17,617 | |||||||||||||
| Loan Facilitation & Servicing Fee | CNY mil | 620 | 621 | 753 | 708 | 837 | |||||||||||||
| Processing and Servicing Cost | CNY mil | ... | ... | ... | ... | ... | ... | 296 | 247 | 235 | 226 | 278 | |||||||
| Provision for Credit Losses of Contract Assets and Service Fees Receivable | CNY mil | ... | ... | ... | ... | ... | ... | 705 | -26.3 | -94.7 | 34.9 | -52.2 | |||||||
| Profit on Off-Balance Sheet Loans | CNY mil | ... | ... | ... | ... | ... | ... | -381 | 400 | 613 | 447 | 612 | |||||||
| Volume of Off-Balance Sheet Loans | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,680 | 2,110 | 3,590 | ||
| Profit on Off-Balance Sheet Loans (As % of Off-Balance Sheet Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 23.6 | 21.5 | ||
| Profit on Off-Balance Sheet Loans (As % of Pre-Tax Profit) | CNY mil | ... | ... | ... | ... | ... | ... | 0.656 | 0.752 | 0.800 | 0.602 | 1.05 |
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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