FinVolution Group American Depositary Receipt (FINV)

Summary

FinVolution Group manages a digital financial platform within China that specializes in connecting individual borrowers, who may be underserved by traditional lenders, with various financial institutions. Its core focus lies in the online consumer finance sector. Leveraging its proprietary technological innovations, the platform offers an automated loan transaction process, which significantly enhances the user experience. By March 31, 2022, FinVolution Group had accumulated a substantial user base of approximately 145.3 million registered individuals. Established in 2007, the company, originally known as PPDAI Group Inc., rebranded as FinVolution Group in November 2019. It maintains its headquarters in Shanghai, People's Republic of China.

Website

ir.finvgroup.com

Location

Shanghai, F4, CN

Phone86 21 8030 3200

Employees3,869

CEOTiezheng Li

Sector

Financials

Industry

Financial Services

IPO DateNov 9, 2017

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… of enterprises. From 2016 to 2018, Mr. Zhang served in the Risk Management Department of Ping An Insurance (Group) Company of China, Ltd., and from 2013 to 2016 in the Risk Management Department of Xinye Technology (FinVolution Group). Mr. Zhang received a Master of Business Administration from Shanghai University of Finance and Economics in 2016 and a Bachelor’s degree in Industrial Engineering from Shaanxi University of Science & Technology in …
Delixy Holdings LtdFinVolution Group American Depositary Receipt·6-K - REPORT OF FOREIGN PRIVATE ISSUER·Q3 26·30 Jul
*Mr. Jimmy Lai* has served as our director since February 2018. Since March 2021. Mr. Lai Mr. Lai also serves as an independent director on the board of directors of FinVolution Group, an NYSE-listed company and an online consumer finance provider in China, an independent director of Youdao, an NYSE-listed company, an education technology company in China, as well as China Online Education Company, an NYSE-listed company. Mr. Lai served as Chief …
Zepp Health CorpFinVolution Group American Depositary Receipt·20-F - Annual report (foreign private issuer) FY 2025·FY25·24 Apr
*Mr. Jimmy Lai* has served as our independent director since June 2024. Mr. Lai also serves as an independent director of several NYSE - listed companies, including Zepp Corporation (NYSE: ZEPP), FinVolution Group (NYSE: FINV) and Youdao, Inc (NYSE: DAO). Mr. Lai served as our chief financial officer from June 2015 to December 2018. Prior to joining us in 2015, Mr. Lai served as the chief financial officer for several companies, including Chukong …
51Talk Online Education GroupFinVolution Group American Depositary Receipt·20-F - Annual report (foreign private issuer) FY 2025·FY25·23 Apr
Jimmy Lai has served as our director since October 2019. Mr. Lai has served as an independent director of FinVolution Group (NYSE: FINV) since November 2017, an independent director of Zepp Health Corporation (NYSE: ZEPP) since February 2018, an independent director of 51 talk (NYSE: COE) since June 2024 and the chief financial officer of Acepodia Inc. since March 2021. Previously, Mr. Lai served as the chief financial officers of China Online Ed …
Youdao, Inc.FinVolution Group American Depositary Receipt·20-F - Annual report (foreign private issuer) FY 2025·FY25·15 Apr
… Investment Corporation (4) 0.50% 60 $ 14.15 $ 849 CFR Cullen/Frost Bankers, Inc. 1.68% 21 136.49 2,866 FHI Federated Hermes, Inc. (Class B) 0.99% 37 45.51 1,684 FITB Fifth Third Bancorp 1.66% 65 43.45 2,824 FINV FinVolution Group (ADR) (5) + 1.00% 170 10.03 1,705 JXN Jackson Financial Inc. (Class A) 1.67% 32 88.91 2,845 MET MetLife, Inc. 1.68% 36 79.66 2,868 PNC The PNC Financial Services Group, Inc. 1.62% 14 198.00 2,772 PFG Principal Fi …
FT 12329FinVolution Group American Depositary Receipt·487 - Form 487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q3 25·9 Jul 2025
… san Partners Asset Management Inc. (Class A) 2% 75 46.65 3,499 OZK Bank OZK 2% 67 51.97 3,482 CIM Chimera Investment Corporation (4) 1% 124 14.15 1,755 FHI Federated Hermes, Inc. (Class B) 2% 77 45.51 3,504 FINV FinVolution Group (ADR) (5) + 2% 350 10.03 3,510 QFIN Qifu Technolgy Inc. (Class A) (ADR) (5) + 2% 79 44.40 3,508 RDN Radian Group Inc. 2% 98 35.64 3,493 RITM Rithm Capital Corp. (4) 1% 150 11.65 1,748 WF Woori Financial Group Inc …
FT 12330FinVolution Group American Depositary Receipt·487 - Form 487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q3 25·9 Jul 2025

Key Stats

Trading

Px/Chg 1D$2.96 / +1.90%

Avg Volume1.16M

Beta0.96

Mkt Cap734.01M

FD Mkt Cap844.55M

Float

Shrs Out/Float248.40M / 110.86M

Short Float0.05%

Days to Cover6.69

Stock Repurchased$767.00M

Current Valuation

EV-2474692931.76

EV/EBITDA-1.58

EV/Sales-0.31

P/B0.04

P/S0.06

FCF Yield0.00%

ROE14.93%

ROA9.73%

Current Ratio73.69

Dividend

Cash$0.31

Yield6.36%

Yield (TTM)6.36%

Estimates

P/E0.33

Est P/E0.00

Est EPS0.23

Est PEG0.00

Valuation

Metric	5Yr Avg	May '23	May '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	1.28	0.49	0.62	0.95	2.66	1.67
Price / Sales	0.20	0.10	0.11	0.17	0.37	0.22
Price / Book Value	0.09	0.09	0.11	0.15	0.07	0.04
Price / Free Cash Flow	1.52	5.18	1.65	0.79	0.00	0.00
ENTERPRISE VALUE METRICS
Enterprise Value	-2,717.4	-2,267.8	-3,359.0	-2,016.3	-3,469.1	-2,474.7
Enterprise Value / Sales	-0.50	-0.20	-0.27	-0.15	-1.16	-0.73
Enterprise Value / EBITDA	-2.91	-0.88	-1.37	-0.77	-6.99	-4.57
Enterprise Value / EBIT	-2.93	-0.90	-1.41	-0.80	-6.99	-4.57

Financials

Full Financials

Millions CNY	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	8.4%	9,544.0	11,280.5	12,600.6	13,065.8	13,199.8
Gross Income	8%	7,628.2	9,095.6	10,435.9	10,364.0	10,378.7
EBITDA	3.7%	2,683.0	2,580.3	2,453.0	2,621.4	3,105.8
EBIT	3.7%	2,613.8	2,515.3	2,383.9	2,535.1	3,016.9
Net Income	-35.9%	2,508.9	2,266.4	2,340.8	2,383.1	2,473.1
EPS (Diluted)	2.6%	8.45	7.80	8.35	9.05	9.35
BALANCE SHEET
Cash & ST Inv	13.2%	5,623.0	7,063.4	7,930.1	7,505.2	9,219.1
Total Assets	8.8%	18,138.6	21,382.9	21,293.7	23,607.1	25,429.8
Total Liabilities	3.7%	7,428.9	8,938.4	7,422.8	8,053.4	8,575.1
Total Shareholder Equity	11.7%	10,655.3	12,371.7	13,748.8	15,204.1	16,560.6
CASH FLOW
Net Operating Cash Flow	31.2%	630.2	268.8	1,413.4	2,893.2	1,867.6
Cap Ex	14%	-55.3	-52.8	-538.1	-27.8	-93.4
Free Cash Flow	32.5%	575.0	216.1	875.3	2,865.4	1,774.2

Enterprise Value Bridge

Millions CNY		10 Nov '26
Price (As of 10 Nov '26)		2.90
Basic Shares		248.40
Market Cap		719.1
Diluted Shares		250.46
Fully Diluted Shares Outstanding		250.46
Fully Diluted Market Cap		725.1
+Consolidated Debt		1,575.1
−In-the-Money Convertible Debt		—
+Capital Leases		40.1
+Operating Leases		—
−Cash & Equivalents		-4,892.7
−Short-term Investments		-3,163.1
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		108.9
+Pension Liabilities		—
Enterprise Value		-2,489.6

Segment data

Revenue

by Products and services

Loan Facilitation Service Fees49%
Guarantee Income39%
Financial Service, Other12%

Revenue

by Geography

The Prc75%
Indonesia15%
Philippines9%
Others1%

Related companies

Summary

Website

ir.finvgroup.com

Location

Shanghai, F4, CN

Phone86 21 8030 3200

Employees3,869

CEOTiezheng Li

Sector

Financials

Industry

Financial Services

IPO DateNov 9, 2017