Qifu Technology (QFIN) Stock Price, News & Analysis

Company Overview

Qifu Technology, Inc., through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service. The company also offers e-commerce loans, enterprise loans, and invoice loans to SME owners. It serves financial institutions, consumers, and small- and micro-enterprises. The company was formerly known as 360 DigiTech, Inc. and changed its name to Qifu Technology, Inc. in March 2023. The company was founded in 2016 and is headquartered in Shanghai, the People's Republic of China.

Key Stats

• Today's Range: $37.18 to $39.40
• 50-Day Range: $29.37 to $39.79
• 52-Week Range: $13.71 to $40.31
• Volume: 1.82 million shs
• Average Volume: 1.33 million shs
• Market Capitalization: $6.17 billion
• P/E Ratio: 7.74
• Dividend Yield: 3.08%
• Price Target: $37.50
• Consensus Rating: Buy

Qifu Technology Stock Analysis - MarketRank™

Qifu Technology scored higher than 78% of companies evaluated by MarketBeat, and ranked 81st out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Qifu Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Qifu Technology has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 11.91%

Earnings Growth

Earnings for Qifu Technology are expected to grow by 11.91% in the coming year, from $5.71 to $6.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Qifu Technology is 7.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Qifu Technology is 7.74, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 27.81.

Price to Earnings Growth Ratio

Qifu Technology has a PEG Ratio of 0.33. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Qifu Technology has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.82% of the outstanding shares of Qifu Technology have been sold short.

Short Interest Ratio / Days to Cover

Qifu Technology has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Qifu Technology has recently increased by 42.23%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Qifu Technology pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Qifu Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Qifu Technology is 23.89%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Qifu Technology will have a dividend payout ratio of 18.47% next year. This indicates that Qifu Technology will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.82% of the outstanding shares of Qifu Technology have been sold short.

Short Interest Ratio / Days to Cover

Qifu Technology has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Qifu Technology has recently increased by 42.23%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.09

News Sentiment

Qifu Technology has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Qifu Technology this week, compared to 3 articles on an average week.

Search Interest

19 people have searched for QFIN on MarketBeat in the last 30 days. This is an increase of 46% compared to the previous 30 days.

MarketBeat Follows

8 people have added Qifu Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Qifu Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.10% of the stock of Qifu Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

74.81% of the stock of Qifu Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

QFIN Stock Analysis - Frequently Asked Questions

How have QFIN shares performed this year?

Qifu Technology's stock was trading at $15.82 on January 1st, 2024. Since then, QFIN shares have increased by 141.8% and is now trading at $38.25.
View the best growth stocks for 2024 here.

How were Qifu Technology's earnings last quarter?

Qifu Technology, Inc. (NASDAQ:QFIN) posted its quarterly earnings data on Wednesday, August, 18th. The company reported $10.03 earnings per share for the quarter, beating the consensus estimate of $7.52 by $2.51. The company had revenue of $619.76 million for the quarter. Qifu Technology had a trailing twelve-month return on equity of 24.39% and a net margin of 31.82%.

When did Qifu Technology IPO?

Qifu Technology (QFIN) raised $54 million in an initial public offering (IPO) on Friday, December 14th 2018. The company issued 3,100,000 shares at a price of $16.50-$18.50 per share. Citigroup, Haitong International, AMTD and Lighthouse Capital acted as the underwriters for the IPO and China Securities International, TF International, HeungKong Financial and North Beta Capital were co-managers.

Who are Qifu Technology's major shareholders?

Qifu Technology's top institutional shareholders include Krane Funds Advisors LLC (3.65%), Aspex Management HK Ltd (3.55%), State Street Corp (1.44%) and Serenity Capital Management PTE. LTD. (1.32%).

How do I buy shares of Qifu Technology?

Shares of QFIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Qifu Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Qifu Technology investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), TotalEnergies (TTE), Voyager Therapeutics (VYGR), Waste Connections (WCN) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 8/18/2021
• Ex-Dividend for 11/1 Dividend: 9/27/2024
• Dividend Payable: 11/01/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:QFIN
• CUSIP: N/A
• CIK: 1741530
• Web: www.360jie.com.cn
• Phone: 862158357668
• Fax: N/A
• Employees: 3,121
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $37.50
• High Stock Price Target: $37.50
• Low Stock Price Target: $37.50
• Potential Upside/Downside: -2.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.94
• Trailing P/E Ratio: 7.74
• Forward P/E Ratio: 6.70
• P/E Growth: 0.33
• Net Income: $603.58 million
• Net Margins: 31.82%
• Pretax Margin: 42.64%
• Return on Equity: 24.39%
• Return on Assets: 11.68%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.56
• Quick Ratio: 2.56

Sales & Book Value

• Annual Sales: $14.03 billion
• Price / Sales: 0.44
• Cash Flow: $3.75 per share
• Price / Cash Flow: 10.21
• Book Value: $19.21 per share
• Price / Book: 1.99

Miscellaneous

• Outstanding Shares: 161,396,000
• Free Float: 133,797,000
• Market Cap: $6.17 billion
• Optionable: Optionable
• Beta: 0.64