Lexin Fintech Holdings Ltd. - Understand $lx stock

$LX Market Cap: $896.1 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$13.06B

TTM

Gross Margin

34.34%

TTM

Net Earnings

$1.066B

TTM

Current Assets

$18.50B

Q4 2023

Current Liabilities

$12.32B

Q4 2023

Current Ratio

150.13%

Q4 2023

Total Assets

$23.14B

Q4 2023

Total Liabilities

$13.43B

Q4 2023

Book Value

$9.710B

Q4 2023

Cash

$2.625B

Q4 2023

P/E

0.8406

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$13.06B	$9.866B	$11.38B	$11.65B	$10.60B	$7.597B	$5.582B	$4.339B	$2.525B
YoY Change	32.35%	-13.31%	-2.27%	9.82%	39.58%	36.1%	28.65%	71.84%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$13.06B	$9.866B	$11.38B	$11.65B	$10.60B	$7.597B	$5.582B	$4.339B	$2.525B
Cost Of Revenue	$8.544B	$6.831B	$5.631B	$8.012B	$5.609B	$4.585B	$4.262B	$3.737B	$2.597B
Gross Profit	$4.513B	$3.035B	$5.749B	$3.633B	$4.994B	$3.012B	$1.320B	$602.0M	-$72.00M
Gross Profit Margin	34.56%	30.76%	50.52%	31.2%	47.1%	39.65%	23.65%	13.87%	-2.85%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$2.121B	$2.117B	$2.130B	$1.726B	$1.951B	$870.0M	$609.0M	$464.0M	$284.0M
YoY Change	0.17%	-0.59%	23.38%	-11.53%	124.25%	42.86%	31.25%	63.38%
% of Gross Profit	46.99%	69.76%	37.04%	47.51%	39.07%	28.88%	46.14%	77.08%
Research & Development	$513.3M	$583.3M	$549.3M	$474.0M	$416.0M	$320.0M	$235.0M	$127.0M	$40.00M
YoY Change	-12.0%	6.19%	15.88%	13.94%	30.0%	36.17%	85.04%	217.5%
% of Gross Profit	11.37%	19.22%	9.55%	13.05%	8.33%	10.62%	17.8%	21.1%
Depreciation & Amortization	$14.85M	$13.77M	$90.75M	$53.40M	$39.90M	$30.40M	$18.90M	$4.600M	$1.400M
YoY Change	7.86%	-84.83%	69.95%	33.83%	31.25%	60.85%	310.87%	228.57%
% of Gross Profit	0.33%	0.45%	1.58%	1.47%	0.8%	1.01%	1.43%	0.76%
Operating Expenses	$2.634B	$2.700B	$2.679B	$2.200B	$2.367B	$1.190B	$844.0M	$590.0M	$325.0M
YoY Change	-2.46%	0.8%	21.77%	-7.06%	98.91%	41.0%	43.05%	81.54%
Operating Profit	$1.879B	$334.4M	$3.070B	$1.433B	$2.627B	$1.822B	$476.0M	$12.00M	-$397.0M
YoY Change	461.85%	-89.11%	114.27%	-45.45%	44.18%	282.77%	3866.67%	-103.02%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	-$560.1M	$632.8M	-$414.4M	-$824.0M	-$199.0M	$193.0M	-$28.00M	-$54.00M	-$2.000M
YoY Change	-188.51%	-252.71%	-49.71%	314.07%	-203.11%	-789.29%	-48.15%	2600.0%
% of Operating Profit	-29.81%	189.21%	-13.5%	-57.5%	-7.58%	10.59%	-5.88%	-450.0%
Other Income/Expense, Net	$7.774M	$61.32M	$113.5M	$146.0M	$278.0M	$110.0M	$28.00M	-$11.00M	$0.00
YoY Change	-87.32%	-45.96%	-22.27%	-47.48%	152.73%	292.86%	-354.55%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$1.327B	$1.029B	$2.770B	$686.0M	$2.707B	$2.110B	$475.0M	-$60.00M	-$399.0M
YoY Change	28.99%	-62.86%	303.72%	-74.66%	28.29%	344.21%	-891.67%	-84.96%
Income Tax	$260.8M	$202.6M	$435.4M	$91.00M	$412.0M	$132.0M	$234.0M	$58.00M	-$89.00M
% Of Pretax Income	19.66%	19.7%	15.72%	13.27%	15.22%	6.26%	49.26%
Net Earnings	$1.066B	$819.8M	$2.334B	$595.0M	$2.295B	$1.977B	$240.0M	-$118.0M	-$310.0M
YoY Change	30.03%	-64.88%	292.26%	-74.07%	16.08%	723.75%	-303.39%	-61.94%
Net Earnings / Revenue	8.16%	8.31%	20.51%	5.11%	21.64%	26.02%	4.3%	-2.72%	-12.28%
Basic Earnings Per Share
Diluted Earnings Per Share	$2.96	$2.09	$5.624M	$1.448M	$6.104M	$5.446M	$731.7K	-$359.8K	-$945.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$2.625B	$1.494B	$2.664B	$1.564B	$2.085B	$1.148B	$1.126B	$480.0M	$135.0M
YoY Change	75.67%	-43.92%	70.34%	-24.99%	81.62%	1.95%	134.58%	255.56%
Cash & Equivalents	$2.625B	$1.494B	$2.664B	$1.564B	$2.085B	$1.148B	$1.126B	$480.0M	$135.0M
Short-Term Investments		$270.0M
Other Short-Term Assets	$5.781B	$5.935B	$4.742B	$4.375B	$5.997B	$2.309B	$1.342B	$298.0M	$121.0M
YoY Change	-2.61%	25.16%	8.4%	-27.05%	159.72%	72.06%	350.34%	146.28%
Inventory	$33.61M	$53.92M	$47.82M	$47.00M	$107.0M	$57.00M	$102.0M	$108.0M	$44.00M
Prepaid Expenses
Receivables	$6.113B	$3.894B	$3.943B	$3.708B	$2.972B	$946.0M
Other Receivables	$3.951B	$6.405B	$5.258B	$6.724B	$5.345B	$5.844B
Total Short-Term Assets	$18.50B	$17.78B	$16.66B	$16.42B	$16.51B	$10.31B	$12.74B	$7.544B	$3.383B
YoY Change	4.05%	6.77%	1.45%	-0.53%	60.17%	-19.1%	68.85%	123.0%
Property, Plant & Equipment	$446.6M	$284.6M	$195.3M	$126.0M	$206.0M	$82.00M	$63.00M	$42.00M	$12.00M
YoY Change	56.94%	45.7%	55.02%	-38.83%	151.22%	30.16%	50.0%	250.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$255.0M	$348.4M	$469.1M	$522.0M	$512.0M	$186.0M	$23.00M	$25.00M	$12.00M
YoY Change	-26.8%	-25.73%	-10.14%	1.95%	175.27%	708.7%	-8.0%	108.33%
Other Assets	$2.239B	$2.359B	$2.153B	$1.374B	$589.0M	$206.0M	$120.0M	$43.00M	$89.00M
YoY Change	-5.09%	9.55%	56.7%	133.28%	185.92%	71.67%	179.07%	-51.69%
Total Long-Term Assets	$4.638B	$4.989B	$4.371B	$3.927B	$2.730B	$2.166B	$1.992B	$1.176B	$434.0M
YoY Change	-7.03%	14.13%	11.3%	43.85%	26.04%	8.73%	69.39%	170.97%
Total Assets	$23.14B	$22.77B	$21.03B	$20.35B	$19.24B	$12.47B	$14.73B	$8.720B	$3.817B
YoY Change
Accounts Payable	$49.80M	$25.97M	$15.71M	$43.00M	$202.0M	$136.0M	$198.0M	$73.00M	$31.00M
YoY Change	91.76%	65.36%	-63.48%	-78.71%	48.53%	-31.31%	171.23%	135.48%
Accrued Expenses	$4.434B	$3.057B	$555.3M	$484.0M	$492.0M	$456.0M	$503.0M	$288.0M	$136.0M
YoY Change	45.03%	450.57%	14.74%	-1.63%	7.89%	-9.34%	74.65%	111.76%
Deferred Revenue
YoY Change
Short-Term Debt	$502.0M	$1.168B	$1.800B	$1.827B	$1.978B	$438.0M	$0.00	$0.00	$0.00
YoY Change	-57.02%	-35.1%	-1.49%	-7.63%	351.6%
Long-Term Debt Due	$3.989B	$6.449B	$3.101B	$4.686B	$3.756B	$4.646B	$10.69B	$7.039B	$3.159B
YoY Change	-38.15%	107.93%	-33.82%	24.76%	-19.16%	-56.56%	51.92%	122.82%
Total Short-Term Liabilities	$12.32B	$12.48B	$10.19B	$12.02B	$9.803B	$8.019B	$12.86B	$7.985B	$3.592B
YoY Change	-1.26%	22.53%	-15.25%	22.62%	22.25%	-37.65%	61.06%	122.3%
Long-Term Debt	$980.1M	$1.485B	$2.580B	$2.746B	$2.497B	$158.0M	$167.0M	$721.0M	$31.00M
YoY Change	-33.98%	-42.45%	-6.06%	9.97%	1480.38%	-5.39%	-76.84%	2225.81%
Other Long-Term Liabilities	$50.70M	$102.9M	$137.4M	$28.00M	$28.00M
YoY Change	-50.75%	-25.07%	390.68%	0.0%
Total Long-Term Liabilities	$1.031B	$1.587B	$2.717B	$2.774B	$2.525B	$158.0M	$167.0M	$721.0M	$31.00M
YoY Change	-35.07%	-41.57%	-2.06%	9.86%	1498.1%	-5.39%	-76.84%	2225.81%
Total Liabilities	$13.43B	$14.12B	$13.00B	$14.85B	$12.64B	$8.364B	$13.03B	$8.706B	$3.623B
YoY Change	-4.89%	8.64%	-12.49%	17.54%	51.09%	-35.8%	49.64%	140.3%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	328.5M	348.0M	368.5M	364.7M
Diluted Shares Outstanding	359.8M	392.8M	415.0M	411.2M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $896.05 Million

About LexinFintech Holdings Ltd.

Lexinfintech Holdings Ltd. engages in the business of matching consumers with credit needs to its financial institution partners through its proprietary platform and mobile application. The company is headquartered in Shenzhen, Guangdong and currently employs 4,268 full-time employees. The company went IPO on 2017-12-21. The firm's main business is to apply technologies including AI and big data to form an online risk assessment and management system based on quantitative decision-making. Leveraging Lexin's unique consumption ecosystem that integrates online consumer financing, offline inclusive financing, fintech SaaS services, and e-commerce platforms. The firm is mainly engaged in connecting financial institutions with consumers through technology and financial services, offering finance services to young generation consumer. The firm mainly conducts its businesses in the Chinese market.

Industry: Finance Services Peers: FinVolution Group Qudian Inc. X Financial Yiren Digital Ltd.