By Helgi Library - October 12, 2020
Yiren Digital's total assets reached CNY 10,904 mil at the end of 2Q2019, up 33.5% compared to the previous year. ...
By Helgi Library - April 2, 2020
Yiren Digital's total assets reached CNY 7,519 mil at the end of 2018, up 0.005% compared to the previous year. Cu...
| Profit Statement | Dec 2018 | Mar 2019 | Jun 2019 | |
| Sales | CNY mil | 1,271 | 1,980 | 2,217 |
| Gross Profit | CNY mil | 771 | 852 | 1,008 |
| EBITDA | CNY mil | 302 | 349 | 200 |
| EBIT | CNY mil | 291 | 316 | 169 |
| Financing Cost | CNY mil | -15.2 | -95.6 | -25.2 |
| Pre-Tax Profit | CNY mil | 367 | 451 | 217 |
| Net Profit | CNY mil | 331 | 369 | 154 |
| Balance Sheet | Dec 2018 | Mar 2019 | Jun 2019 | |
| Total Assets | CNY mil | 7,519 | 11,006 | 10,904 |
| Non-Current Assets | CNY mil | 1,422 | 2,430 | 1,318 |
| Current Assets | CNY mil | 6,097 | 8,576 | 9,587 |
| Working Capital | CNY mil | -1,323 | -2,138 | -2,292 |
| Shareholders' Equity | CNY mil | 5,121 | 2,533 | 2,681 |
| Liabilities | CNY mil | 2,398 | 8,473 | 8,223 |
| Total Debt | CNY mil | 0 | 348 | 341 |
| Net Debt | CNY mil | -2,029 | -2,171 | -2,365 |
| Ratios | Dec 2018 | Mar 2019 | Jun 2019 | |
| ROE | % | 20.0 | 24.9 | 26.6 |
| ROCE | % | 43.6 | 74.4 | 197 |
| Gross Margin | % | 54.1 | 51.3 | 50.1 |
| EBITDA Margin | % | 18.8 | 17.7 | 15.1 |
| EBIT Margin | % | 18.1 | 16.7 | 13.8 |
| Net Margin | % | 17.6 | 17.9 | 15.3 |
| Net Debt/EBITDA | -1.96 | -2.08 | -2.38 | |
| Net Debt/Equity | % | -39.6 | -85.7 | -88.2 |
| Cost of Financing | % | ... | -163 | -83.4 |
| Valuation | Dec 2018 | Mar 2019 | Jun 2019 | |
| Market Capitalisation | USD mil | 662 | 835 | 846 |
| Enterprise Value (EV) | USD mil | 367 | 511 | 502 |
| Number Of Shares | mil | 62.4 | 93.3 | 187 |
| Share Price | CNY | 72.9 | 60.0 | 31.1 |
| EV/EBITDA | 2.44 | 3.33 | 3.44 | |
| EV/Sales | 0.458 | 0.589 | 0.517 | |
| Price/Earnings (P/E) | 4.71 | 5.30 | 5.78 | |
| Price/Book Value (P/BV) | 0.889 | 2.21 | 2.17 | |
| Dividend Yield | % | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | 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 | |||||||||||||||||||||||||||
| Sales | CNY mil | 1,825 | 1,593 | 1,520 | 1,121 | 1,271 | |||||||||||||||||||||
| Gross Profit | CNY mil | 835 | 811 | 726 | 670 | 771 | |||||||||||||||||||||
| EBIT | CNY mil | 533 | 330 | 243 | 133 | 291 | |||||||||||||||||||||
| Net Profit | CNY mil | 449 | 279 | 205 | 152 | 331 | |||||||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 51.2 | 39.8 | 33.2 | 25.3 | 20.0 | |||||||||||
| EBIT Margin | % | 30.3 | 26.4 | 23.0 | 20.5 | 18.1 | |||||||||||||||||||||
| Net Margin | % | 24.7 | 21.3 | 19.1 | 17.9 | 17.6 | |||||||||||||||||||||
| balance sheet | |||||||||||||||||||||||||||
| Total Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7,519 | 9,787 | 8,166 | 7,296 | 7,519 | |||||||||||
| Non-Current Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,857 | 4,680 | 3,922 | 3,732 | 1,422 | |||||||||||
| Current Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,662 | 5,107 | 4,244 | 3,564 | 6,097 | |||||||||||
| Shareholders' Equity | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,970 | 4,844 | 4,581 | 4,774 | 5,121 | |||||||||||
| Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,549 | 4,943 | 3,585 | 2,522 | 2,398 | |||||||||||
| Non-Current Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Current Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,549 | 4,943 | 3,585 | 2,522 | 2,398 | |||||||||||
| Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -1.10 | -1.02 | -0.376 | -0.635 | -1.96 | ||||||||||||
| Net Debt/Equity | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -62.5 | -34.4 | -12.4 | -16.9 | -39.6 | |||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| valuation | |||||||||||||||||||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,666 | 2,447 | 1,289 | 1,117 | 662 | ||||||||||
| Number Of Shares | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 61.9 | 61.9 | 124 | 62.4 | 62.4 | ||||||||||
| Share Price | CNY | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 281 | 249 | 69.0 | 123 | 72.9 | ||||||||||
| Earnings Per Share (EPS) | CNY | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 22.2 | 21.0 | 9.99 | 17.4 | 15.5 | ||||||||||
| Book Value Per Share | CNY | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 48.0 | 78.3 | 37.0 | 76.5 | 82.0 | ||||||||||
| Dividend Per Share | CNY | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.7 | 11.8 | 6.91 | 7.08 | 4.71 | |||||||||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.84 | 3.18 | 1.86 | 1.61 | 0.889 | |||||||||||
| Dividend Yield | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 20.0 | -4.99 | -55.1 | -17.7 | -30.1 | ||||||
| Book Value Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 35.6 | 90.0 | -18.7 | 89.2 | 70.9 |
| income statement | Unit | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | 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 | |||||||||||||||||||||||||||
| Sales | CNY mil | 1,825 | 1,593 | 1,520 | 1,121 | 1,271 | |||||||||||||||||||||
| Cost of Goods & Services | CNY mil | 990 | 782 | 794 | 451 | 499 | |||||||||||||||||||||
| Gross Profit | CNY mil | 835 | 811 | 726 | 670 | 771 | |||||||||||||||||||||
| Other Cost | CNY mil | 294 | 473 | 475 | 529 | 469 | |||||||||||||||||||||
| EBITDA | CNY mil | 541 | 338 | 251 | 141 | 302 | |||||||||||||||||||||
| Depreciation | CNY mil | 7.74 | 8.00 | 8.00 | 8.00 | 10.9 | |||||||||||||||||||||
| EBIT | CNY mil | 533 | 330 | 243 | 133 | 291 | |||||||||||||||||||||
| Financing Cost | CNY mil | -30.1 | -28.3 | -23.4 | -7.86 | -15.2 | |||||||||||||||||||||
| Extraordinary Cost | CNY mil | 16.8 | -4.01 | 20.4 | -44.7 | -60.3 | |||||||||||||||||||||
| Pre-Tax Profit | CNY mil | 546 | 362 | 246 | 186 | 367 | |||||||||||||||||||||
| Tax | CNY mil | 97.4 | 83.6 | 41.1 | 34.2 | 35.5 | |||||||||||||||||||||
| Minorities | CNY mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
| Net Profit | CNY mil | 449 | 279 | 205 | 152 | 331 | |||||||||||||||||||||
| growth rates | |||||||||||||||||||||||||||
| Total Revenue Growth | % | ... | ... | ... | ... | 70.4 | 55.9 | 28.4 | -25.9 | -30.4 | |||||||||||||||||
| Operating Cost Growth | % | ... | ... | ... | ... | 114 | 197 | 148 | 81.3 | 59.3 | |||||||||||||||||
| EBITDA Growth | % | ... | ... | ... | ... | 36.7 | -13.9 | -32.9 | -62.6 | -44.1 | |||||||||||||||||
| EBIT Growth | % | ... | ... | ... | ... | 34.8 | -16.0 | -35.0 | -64.8 | -45.3 | |||||||||||||||||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | 33.1 | -13.4 | -38.5 | -52.2 | -32.8 | |||||||||||||||||
| Net Profit Growth | % | ... | ... | ... | ... | 18.2 | -20.5 | -23.9 | -50.0 | -26.2 | |||||||||||||||||
| ratios | |||||||||||||||||||||||||||
| ROE | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 51.2 | 39.8 | 33.2 | 25.3 | 20.0 | |||||||||||
| ROCE | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 111 | 87.2 | 53.8 | 43.6 | ||
| Gross Margin | % | ... | ... | ... | 47.3 | 47.1 | 47.1 | 50.2 | 54.1 | ||||||||||||||||||
| EBITDA Margin | % | ... | ... | ... | 30.4 | 26.7 | 23.4 | 21.0 | 18.8 | ||||||||||||||||||
| EBIT Margin | % | 30.3 | 26.4 | 23.0 | 20.5 | 18.1 | |||||||||||||||||||||
| Net Margin | % | 24.7 | 21.3 | 19.1 | 17.9 | 17.6 | |||||||||||||||||||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -1.10 | -1.02 | -0.376 | -0.635 | -1.96 |
| balance sheet | Unit | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | 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 | |||||||||||||||||||||||||||
| Non-Current Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,857 | 4,680 | 3,922 | 3,732 | 1,422 | |||||||||||
| Property, Plant & Equipment | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 82.2 | 83.3 | 96.8 | 96.6 | 89.8 | ||||||||||
| Current Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,662 | 5,107 | 4,244 | 3,564 | 6,097 | |||||||||||
| Inventories | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Receivables | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 21.4 | 11.0 | 6.86 | 6.62 | 8.78 | |||||||||
| Cash & Cash Equivalents | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,857 | 1,667 | 568 | 807 | 2,029 | |||||||||||
| Total Assets | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7,519 | 9,787 | 8,166 | 7,296 | 7,519 | |||||||||||
| Shareholders' Equity | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,970 | 4,844 | 4,581 | 4,774 | 5,121 | |||||||||||
| Of Which Minority Interest | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,549 | 4,943 | 3,585 | 2,522 | 2,398 | |||||||||||
| Non-Current Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Long-Term Debt | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Current Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,549 | 4,943 | 3,585 | 2,522 | 2,398 | |||||||||||
| Short-Term Debt | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Trade Payables | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,577 | 1,216 | 1,271 | 1,107 | 1,332 | ||||||||
| Equity And Liabilities | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7,519 | 9,787 | 8,166 | 7,296 | 7,519 | |||||||||||
| growth rates | |||||||||||||||||||||||||||
| Total Asset Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 57.2 | 82.0 | 36.3 | 4.49 | 0.005 | |||||||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 38.8 | 94.6 | 66.4 | 91.3 | 72.4 | |||||||
| Net Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 91.8 | 92.8 | -36.3 | -42.5 | 9.24 | |||||||
| ratios | |||||||||||||||||||||||||||
| Total Debt | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Debt | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -1,857 | -1,667 | -568 | -807 | -2,029 | |||||||||||
| Working Capital | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -2,556 | -1,205 | -1,264 | -1,101 | -1,323 | ||||||||
| Capital Employed | CNY mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -699 | 3,476 | 2,658 | 2,631 | 98.9 | ||||||||
| Net Debt/Equity | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -62.5 | -34.4 | -12.4 | -16.9 | -39.6 | |||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| cash flow | Unit | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | 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 |
| cash flow | |||||||||||||||||||||||||||
| Net Profit | CNY mil | 449 | 279 | 205 | 152 | 331 | |||||||||||||||||||||
| Depreciation | CNY mil | 7.74 | 8.00 | 8.00 | 8.00 | 10.9 | |||||||||||||||||||||
| ratios | |||||||||||||||||||||||||||
| Days Sales Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.41 | 0.654 | 0.388 | 0.399 | 0.582 | |||||||||
| Days Sales Of Inventory | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Days Payable Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 322 | 137 | 136 | 134 | 192 | ||||||||
| Cash Conversion Cycle | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -321 | -137 | -136 | -134 | -192 | ||||||||
| Cash Earnings | CNY mil | 457 | 287 | 213 | 160 | 342 | |||||||||||||||||||||
| Cash Earnings Per Share | CNY | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 22.3 | 21.3 | 10.2 | 17.9 | 16.0 | ||||||||||
| Price/Cash Earnings (P/CE) | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.6 | 11.7 | 6.78 | 6.88 | 4.55 |
| other data | Unit | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | 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 | |||||||||||||||||||||||||||
| ROA | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 21.2 | 17.2 | 15.2 | 13.2 | 11.8 | |||||||||||
| Gross Margin | % | ... | ... | ... | 47.3 | 47.1 | 47.1 | 50.2 | 54.1 | ||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
| Effective Tax Rate | % | 21.7 | 23.4 | 19.9 | 19.1 | 16.7 | |||||||||||||||||||||
| Enterprise Value (EV) | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,381 | 2,182 | 1,203 | 999 | 367 | ||||||||||
| EV/EBITDA | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.30 | 8.57 | 5.15 | 5.30 | 2.44 | |||||||||||
| EV/Capital Employed | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -22.2 | 3.95 | 3.00 | 2.61 | 25.5 | ||||||||
| EV/Sales | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.83 | 2.28 | 1.20 | 1.11 | 0.458 | |||||||||||
| EV/EBIT | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.34 | 8.65 | 5.23 | 5.44 | 2.53 |
Get all company financials in excel:
Yiren Digital has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 1% during that time to total of CNY 877 mil in 2018, or 15.6% of sales. That’s compared to 19.5% average margin seen in last five years.
The company netted CNY 967 mil in 2018 implying ROE of 23.9% and ROCE of -322%. Again, the average figures were 34.4% and 737%, respectively when looking at the previous 5 years.
Yiren Digital’s net debt amounted to CNY -2,029 mil at the end of 2018, or -0.396% of equity. When compared to EBITDA, net debt was -2.31x, down when compared to average of -1.28x seen in the last 5 years.
Yiren Digital stock traded at CNY 73.3 per share at the end of 2018 resulting in a market capitalization of USD 662 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 2.80x and price to earnings (PE) of 4.71x as of 2018.
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