FINV - Basically a Chinese Lending Club
I’ve been very skeptical to go into a Chinese stock but they have put a lot of effort in putting their information out there.
Leadership shows connections with Microsoft and other US Companies. CEO obtained a Graduate Degree from VMI and was Senior Director at Capital One
They have a full earnings presentation. They have technologies to handle credit risk assessment, fraud detection, big data collection, and AI. It seems as though the technology is pretty robust and clients are able to get a loan decision immediately while the algorithm keeps the risk very low for the company.
Balance sheet shows 2.27B
Current price ~ $6.90 sitting on solid VP shelf
Market Cap - 1.308B
2020 Rev - 1.10B
4th qtr revenue increase of 50.3% YoY
Annual Net Revenue increase of 26.8% from 2019
4th qtr Net Profit increase of 20.6% YoY
Repeat Borrower Rate went from 81.2% in 4th qtr 2019 to 84.3% in 4th qtr 2020
Annual rate was 88.2% in 2020 vs 78.1% in 2019
Delinquency rates were all below 1% in December of 2020 with highest time frame being 0.55% compared to most years being over 1%
Board confirmed 3rd consecutive Dividend.
Looking for this to be a long play after taking some profits on the next run-up.
I’ve been very skeptical to go into a Chinese stock but they have put a lot of effort in putting their information out there.
Leadership shows connections with Microsoft and other US Companies. CEO obtained a Graduate Degree from VMI and was Senior Director at Capital One
They have a full earnings presentation. They have technologies to handle credit risk assessment, fraud detection, big data collection, and AI. It seems as though the technology is pretty robust and clients are able to get a loan decision immediately while the algorithm keeps the risk very low for the company.
Balance sheet shows 2.27B
Current price ~ $6.90 sitting on solid VP shelf
Market Cap - 1.308B
2020 Rev - 1.10B
4th qtr revenue increase of 50.3% YoY
Annual Net Revenue increase of 26.8% from 2019
4th qtr Net Profit increase of 20.6% YoY
Repeat Borrower Rate went from 81.2% in 4th qtr 2019 to 84.3% in 4th qtr 2020
Annual rate was 88.2% in 2020 vs 78.1% in 2019
Delinquency rates were all below 1% in December of 2020 with highest time frame being 0.55% compared to most years being over 1%
Board confirmed 3rd consecutive Dividend.
Looking for this to be a long play after taking some profits on the next run-up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.