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FinVolution Group
NYSE: FINV Financials IT 🔎 Screen
$857M
Market Cap
3.8
P/E
0.33
PEG
56.0%
ROCE
15.7%
ROE
0.08
D/E
47.5%
OPM
-54.6%
% from 52W High
11
α RS
🔍 FINV is showing a high-conviction setup because it matches 6 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still strengthening, and accumulation_zone preset's Backtest win rate is 54.8% over 90 days. Net: Broad signal stack, not a recommendation. ? Conviction RRG Backtest
Sources
Conviction 6/39 · Technology in Leading quadrant · Backtest win rate 54.8%
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🌏 Global Investor Returns
Currency-adjusted total returns for FINV including FX impact
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📈 Price History
Ratio Health
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About

FinVolution Group, an investment holding company, operates in the online consumer finance industry in the People’s Republic of China, Indonesia, Philippines, and internationally. It operates an online consumer finance platform through its ppdai.com and PPDai mobile application; AdaKami, an online loan platform; and JuanHand for lending and other personalized financial services. The company was formerly known as PPDAI Group Inc. and changed its name to FinVolution Group in November 2019. FinVolution Group was founded in 2007 and is headquartered in Shanghai, the People’s Republic of China.

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📈 Growth Pattern
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📊 MIXED Overseas segment 30% of Q1 revenue; group net revenue RMB 3.2B.
Revenue & Profitability
Group net revenue was RMB 3.2 billion, up 6% sequentially. Operating profit was RMB 547 million, up 30% sequentially. Net income was RMB 421 million, up 1% sequentially due to FX fluctuation. Overseas revenue grew 35% YoY to RMB 949 million, with operating profit up 88% YoY to RMB 46 million. Overseas adjusted EBITDA was RMB 47.5 million, up 87% YoY.
Outlook
Management sees early signs of recovery in China, with credit risk improving (vintage delinquency eased 30 bps to 2.7%). Regulatory uncertainty remains, especially around online marketing rules. The overseas business continues to scale with strong momentum. Full year 2026 revenue guidance is RMB 11.5-12.9 billion. The 2030 ambition is for overseas to contribute 15% of group revenue.
Growth Drivers
Key growth levers: China selective reengagement (new borrowers up 7% sequentially, acquisition costs down). Overseas: Indonesia BNPL volumes doubled YoY, Philippines moderated before new pricing regulation but double-digit YoY growth, Australia transaction volume up 25% YoY with proprietary risk deployment. Overseas unique borrowers more than doubled to 4.5 million. Funding partners grew from 15 to 18.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Group operating profit margin improved 30% sequentially, driven by improved take rate (3.0% to 3.2% in China) and cost control. Overseas operating profit margin up 88% YoY. China sales and marketing spend reduced despite more new borrowers. Funding costs remained stable. Net income growth lagged due to FX fluctuation.
Key Risks
Risks flagged: foreign exchange fluctuations impacting net income; regulatory uncertainty in China (online marketing rules) and Philippines (new interest rate pricing); macro headwinds in China; seasonal softness in Q1. Credit risk is improving but remains a focus. Management noted 'uncertainty ahead' in regulatory landscape.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2026 Q1 2026 2026-05-26
First quarter saw 6% sequential revenue growth and 1% net profit increase, with overseas business now 30% of group revenue and strong AI-driven efficiency gains. New segment reporting, expanded buybacks, and robust risk management position the group for continued growth.
Q4 2025 Q4 2025 2026-03-17
Full-year revenue grew 3.8% to RMB 13.6 billion and net profit rose 6.6% to RMB 2.5 billion, driven by strong international expansion and resilient performance amid regulatory headwinds in China. International revenue now accounts for 31% of quarterly revenue.
Q3 2025 Q3 2025 2025-11-20
Q3 2025 saw 6.4% revenue growth and 2.7% net profit increase, driven by strong international expansion, while new China regulations raised credit risk and short-term uncertainty. Share buybacks and dividends continued, with robust cash reserves and a resilient risk posture.
Q2 2025 Q2 2025 2025-08-21
Q2 2025 saw 13% revenue and 36% net income growth year-over-year, with international business contributing 22% of revenue and strong borrower growth. Regulatory changes in China are being managed, while international expansion is accelerating, supported by a $150M convertible bond.
Q1 2025 Q1 2025 2025-05-21
Q1 2025 saw 10% revenue growth and record net profit, driven by strong international expansion and improved take rates in China. International business contributed over 20% of revenue, with robust borrower growth and continued operational excellence.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
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