XChange TEC.INC (XHG) 10-Year Financial Performance & Capital Metrics

XHG • • REIT / Real Estate

Real EstateReal Estate ServicesSpecialized Real Estate ServicesTitle & Mortgage Services

AboutXChange TEC.INC engages in the professional insurance agency business in the People's Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers. It sells insurance primarily through a network of external referral sources that include external registered sales representatives and strategic channel partners, as well as through the in-house sales force. The company was formerly known as FLJ Group Limited and changed its name to XChange TEC.INC in May 2024. XChange TEC.INC was founded in 2012 and is based in Shanghai, the People's Republic of China.Show more

Revenue $288M
FFO -$227M -415.9%
FFO/Share -21.57 +31.1%
FFO Payout 0%
FFO per Share -21.57 +31.1%
NOI Margin 4.67%
FFO Margin -78.57%
ROE -
ROA -52.23% +33.6%
Debt/Assets 140.6% +171.0%
Net Debt/EBITDA -
Book Value/Share -52.99 +88.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak momentum: RS Rating 10 (bottom 10%)
✗Low NOI margin of 4.7%
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-25.23%

3Y-34.71%

TTM-78.65%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM31.51%

EPS CAGR

10Y-

5Y-

3Y-

TTM99.97%

ROCE

10Y Avg-120.52%

5Y Avg-264.16%

3Y Avg-82.39%

Latest-82.39%

Peer Comparison

Title & Mortgage Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XHGXChange TEC.INC	40.55M	0.87	-0.04		-161.88%
ASPSAltisource Portfolio Solutions S.A.	61.45M	5.59	-4.47	10.39%	0.04%

Profit & Loss

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Revenue+	522.74M	889.94M	1.23B	1.21B	1.04B	652.33M	0	288.37M
Revenue Growth %	-	0.7%	0.39%	-0.02%	-0.14%	-0.37%	-1%	-
Property Operating Expenses	0	0	0	1.22B	949.65M	711M	0	274.9M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-
Operating Expenses+	712.28M	1.32B	1.68B	1.49B	-922.31M	-681.65M	25.73M	602.29M
G&A Expenses	140.46M	371.83M	333.3M	166.28M	27.54M	29.33M	25.7M	27.29M
EBITDA+	-189.55M	-426.44M	-448.31M	-1.24B	51.92M	-1.96M	1.67M	-588.56M
EBITDA Margin %	-	-	-	-	-	-	-	-
Depreciation & Amortization+	0	0	0	263.04M	79.26M	27.4M	27.4M	261K
D&A / Revenue %	-	-	-	-	-	-	-	-
Operating Income+	-189.55M	-426.44M	-448.31M	-1.5B	-27.34M	-29.36M	-25.73M	-588.82M
Operating Margin %	-	-	-	-	-	-	-	-
Interest Expense+	50.14M	77.17M	91.91M	130.53M	103.23M	42.05M	1.57M	26.11M
Interest Coverage	-3.78x	-5.53x	-4.88x	-11.50x	-0.26x	-0.70x	-16.42x	-22.56x
Non-Operating Income	189.55M	426.44M	448.31M	-97.68M	0	423.69M	0	-2.31M
Pretax Income+	-244.84M	-497.53M	-498.27M	-1.53B	-130.57M	-495.09M	-27.3M	-612.62M
Pretax Margin %	-	-	-	-	-	-	-	-
Income Tax+	596K	2.39M	63K	13K	0	0	0	548K
Effective Tax Rate %	-	-	-	-	-	-	-	-
Net Income+	-245.47M	-499.86M	-498.24M	-1.53B	-569.17M	820.02M	-71.31M	-226.82M
Net Margin %	-	-	-	-	-	-	-	-
Net Income Growth %	-	-1.04%	0%	-2.08%	0.63%	2.44%	-1.09%	-2.18%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-
FFO Growth %	-	-1.42%	0.19%	-3.49%	0.61%	2.73%	-1.05%	-4.16%
FFO per Share+	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.00	0.00	0.00	-999999.00	-999999.00	-999999.00	-999999.00	-21.60
EPS Growth %	-	-	-	-	0.92%	0.46%	1%	1%
EPS (Basic)	0.00	0.00	0.00	-999999.00	-999999.00	-999999.00	-999999.00	-21.60
Diluted Shares Outstanding	0	0	0	67.55K	73.03K	512.92K	1.4M	10.5M

Balance Sheet

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Assets+	1.13B	1.78B	1.8B	850.73M	377.63M	95.54M	85.65M	782.84M
Asset Growth %	-	0.57%	0.01%	-0.53%	-0.56%	-0.75%	-0.1%	8.14%
Real Estate & Other Assets+	177.13M	344.58M	442.65M	57.13M	9.56M	10.4M	0	5M
PP&E (Net)	578.33M	1.32B	1.19B	358.02M	38.94M	500K	0	953K
Investment Securities	0	0	0	0	0	0	0	0
Total Current Assets+	365.12M	103.75M	159.8M	203M	176.67M	71.16M	85.65M	67.64M
Cash & Equivalents	365.12M	103.75M	159.8M	22.88M	16.32M	563K	286K	8.09M
Receivables	0	0	0	1000K	370K	1000K	0	1000K
Other Current Assets	0	0	0	13.12M	127.2M	26.63M	78M	7.5M
Intangible Assets	13.02M	12.25M	11.98M	232.57M	152.46M	13.47M	0	0
Total Liabilities	1.56B	2.56B	2.61B	2.85B	2.86B	668.4M	729.08M	1.34B
Total Debt+	156.26M	100.18M	129.66M	1.49B	1.09B	6.54M	44.43M	1.1B
Net Debt	-208.85M	-3.58M	-30.14M	1.47B	1.08B	5.98M	44.07M	1.09B
Long-Term Debt	156.26M	100.18M	129.66M	428.67M	514.91M	0	0	0
Short-Term Borrowings	0	0	0	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	444.55M	0	0	0	936K
Total Current Liabilities+	70.11M	74.85M	15.64M	1.96B	2.35B	668.4M	729.08M	1.34B
Accounts Payable	0	0	0	294.47M	320.27M	0	182K	36.97M
Deferred Revenue	0	0	0	318.49M	339.3M	173.55M	0	0
Other Liabilities	1.33B	2.39B	2.47B	212.05M	0	660.88M	0	0
Total Equity+	-425.97M	-779.13M	-810.87M	-1.99B	-2.48B	-572.86M	-643.42M	-556.57M
Equity Growth %	-	-0.83%	-0.04%	-1.46%	-0.25%	0.77%	-0.12%	0.13%
Shareholders Equity	-443.81M	-796.91M	-820.54M	-2B	-2.49B	-572.86M	-643.42M	-556.57M
Minority Interest	17.84M	17.77M	9.68M	9.63M	9.6M	0	0	0
Common Stock	24K	27K	27K	92K	110K	1.73M	1.9M	57.18M
Additional Paid-in Capital	0	0	0	2.09B	1.85B	2.95B	2.96B	3.14B
Retained Earnings	-845.31M	-1.48B	-2.28B	-3.81B	-4.38B	-3.56B	-3.63B	-3.86B
Preferred Stock	404.32M	679.82M	1.46B	0	0	0	0	0
Return on Assets (ROA)	-0.22%	-0.34%	-0.28%	-1.16%	-0.93%	3.47%	-0.79%	-0.52%
Return on Equity (ROE)	-	-	-	-	-	-	-	-
Debt / Assets	0.14%	0.06%	0.07%	1.75%	2.89%	0.07%	0.52%	1.41%
Debt / Equity	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	20.71x	-	26.44x	-
Book Value per Share	-	-	-	-29523.79	-34024.89	-1116.86	-458.76	-52.99

Cash Flow

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	-43.59M	-117.05M	-88.19M	54.84M	-109.66M	-39.59M	-39.87M	-9.77M
Operating CF Growth %	-	-1.69%	0.25%	1.62%	-3%	0.64%	-0.01%	0.75%
Operating CF / Revenue %	-	-	-	-	-	-	-	-
Net Income	-245.47M	-499.86M	-498.24M	-1.53B	-130.57M	-495.09M	-71.31M	-226.82M
Depreciation & Amortization	101.79M	152.31M	215.07M	263.04M	79.26M	27.4M	0	261K
Stock-Based Compensation	775K	2.25M	8.17M	16.05M	15.81M	9.77M	4.78M	2.51M
Other Non-Cash Items	68.95M	295.29M	160.71M	1.02B	-25.53M	365.02M	-17.69M	598.61M
Working Capital Changes	30.38M	-67.04M	26.09M	291.98M	-48.62M	53.31M	-1.86M	1.51M
Cash from Investing+	-285.52M	-674.3M	-351.45M	-138.67M	-6.49M	-11.47M	0	10.17M
Acquisitions (Net)	0	0	0	0	0	-11.47M	0	10.87M
Purchase of Investments	0	0	0	0	0	0	0	-800K
Sale of Investments	0	0	0	0	0	0	0	0
Other Investing	-285.52M	-674.3M	-351.45M	-39.5M	-6.48M	0	0	106K
Cash from Financing+	649.45M	539.53M	569.57M	-134.92M	101.6M	29.31M	37.89M	8.67M
Dividends Paid	0	0	0	0	0	0	0	0
Common Dividends	0	0	0	0	0	0	0	0
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Share Repurchases	0	0	0	-248.86M	0	0	0	0
Other Financing	440.89M	599.19M	168.52M	0	-14.2M	-1.31M	0	0
Net Change in Cash+	367.12M	-248.36M	132.06M	-219.05M	-12.51M	-16.37M	-1.78M	11.98M
Exchange Rate Effect	-238K	1000K	1000K	-295K	1000K	1000K	203K	1000K
Cash at Beginning	0	367.12M	118.75M	250.81M	31.77M	19.25M	2.88M	1.1M
Cash at End	367.12M	118.75M	250.81M	31.77M	19.25M	2.88M	1.1M	13.09M
Free Cash Flow+	-43.59M	-117.05M	-88.19M	-44.33M	-109.66M	-39.59M	-39.87M	-9.77M
FCF Growth %	-	-1.69%	0.25%	0.5%	-1.47%	0.64%	-0.01%	0.75%
FCF / Revenue %	-	-	-	-	-	-	-	-

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	-	-	-	-18.81K	-6.71K	1.65K	-31.31	-21.57
FFO Payout Ratio	0%	0%	0%	0%	0%	0%	0%	0%
NOI Margin	100%	100%	100%	-0.8%	8.35%	-8.99%	-	4.67%
Net Debt / EBITDA	-	-	-	-	20.71x	-	26.44x	-
Debt / Assets	13.78%	5.62%	7.2%	174.91%	289.1%	6.85%	51.87%	140.6%
Interest Coverage	-3.78x	-5.53x	-4.88x	-11.50x	-0.26x	-0.70x	-16.42x	-22.56x
Book Value / Share	-	-	-	-29.52K	-34.02K	-1.12K	-458.76	-52.99
Revenue Growth	-	70.25%	38.64%	-2.09%	-14.22%	-37.05%	-100%	-

Frequently Asked Questions

Growth & Financials

XChange TEC.INC (XHG) reported $376.2M in revenue for fiscal year 2024. This represents a 28% decrease from $522.7M in 2017.

XChange TEC.INC (XHG) grew revenue by 0.0% over the past year. Growth has been modest.

XChange TEC.INC (XHG) reported a net loss of $609.0M for fiscal year 2024.

Industry Metrics

XChange TEC.INC (XHG) generated Funds From Operations (FFO) of $-1905.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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