Lufax Holding Ltd (LU) 10-Year Financial Performance & Capital Metrics

LU • • Banking & Credit

Financial ServicesCredit ServicesFintech Platforms & Digital LendingChinese Fintech Platforms

AboutLufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions. Lufax Holding Ltd was founded in 2005 and is headquartered in Shanghai, China.Show more

Net Interest Income $12.17B -33.6%
Total Revenue $41.68B -39.6%
Net Income $887M -89.8%
Return on Equity 0.94% -89.8%
Net Interest Margin 5.13% -2.2%
Efficiency Ratio 34.04% +8.8%
ROA 0.3% -87.7%
Equity / Assets 39.53% +45.6%
Book Value per Share 326.66 -1.1%
Tangible BV/Share 292.54 -1.3%
Debt/Equity 0.48 -14.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 5.1%
✓Efficient operations: 34.0% efficiency ratio
✓Well capitalized: 39.5% equity/assets
✓Diversified revenue: 48.7% from non-interest income
✓Trading at only 0.0x book value

✗Weaknesses

✗Profits declining 42.1% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y0.51%

3Y-6.5%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-42.09%

3Y-58.44%

TTM-469.24%

EPS CAGR

10Y-

5Y-42.87%

3Y-58.91%

TTM-311.07%

ROCE

10Y Avg9.09%

5Y Avg9.26%

3Y Avg7.5%

Latest5.11%

Peer Comparison

Chinese Fintech Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
QDQudian Inc.	304.91M	3.00	6.12	71.31%	42.38%	4.56%		0.07
NISNNisun International Enterprise Development Group Co., Ltd	5.73M	1.20	5.20	-12.17%	0.27%	8.76%		0.04
LULufax Holding Ltd	2.25B	2.60	0.84	-39.62%	2.13%	-3.92%	100%	0.48
FINVFinVolution Group	736.79M	5.26	0.58	3.69%	18.24%	16.74%	100%	0.00
LXLexinFintech Holdings Ltd.	415.01M	3.13	0.48	8.78%	7.75%	13.91%	100%	0.49
QFINQfin Holdings, Inc.	2.2B	16.89	0.20	5.38%	36.49%	28.34%	100%	0.07
YRDYiren Digital Ltd.	343.9M	3.98	0.11	18.59%	27.25%	12.13%	100%	0.00
XYFX Financial	136.82M	6.00	0.03	79.16%	26.23%	22.61%	100%	0.05

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Net Interest Income+	6.33B	5.18B	2.58B	6.54B	13.74B	18.33B	12.17B
NII Growth %	-	-0.18%	-0.5%	1.53%	1.1%	0.33%	-0.34%
Net Interest Margin %	-	-	-	-	-	-	-
Interest Income	15.03B	10.62B	5.58B	12.74B	24.15B	31.58B	21.38B
Interest Expense	8.7B	5.44B	3B	6.19B	10.41B	13.24B	9.21B
Loan Loss Provision	2.63B	934.59M	1.86B	3.02B	6.37B	360.32M	3.48B
Non-Interest Income+	17.32B	30.01B	38.19B	38.26B	40.87B	37.45B	20.3B
Non-Interest Income %	-	-	-	-	-	-	-
Total Revenue+	32.34B	40.63B	43.77B	50.99B	65.01B	69.03B	41.68B
Revenue Growth %	-	0.26%	0.08%	0.17%	0.27%	0.06%	-0.4%
Non-Interest Expense	12.65B	15.6B	19.47B	23.88B	24.84B	21.6B	14.19B
Efficiency Ratio	-	-	-	-	-	-	-
Operating Income+	8.36B	18.65B	19.43B	17.91B	23.4B	33.82B	14.8B
Operating Margin %	-	-	-	-	-	-	-
Operating Income Growth %	-	1.23%	0.04%	-0.08%	0.31%	0.45%	-0.56%
Pretax Income+	8.36B	18.65B	19.43B	17.91B	23.4B	13.01B	1.65B
Pretax Margin %	-	-	-	-	-	-	-
Income Tax+	2.34B	5.07B	6.12B	5.63B	6.69B	4.24B	610.63M
Effective Tax Rate %	-	-	-	-	-	-	-
Net Income+	5.97B	13.62B	13.33B	12.35B	16.8B	8.7B	886.87M
Net Margin %	-	-	-	-	-	-	-
Net Income Growth %	-	1.28%	-0.02%	-0.07%	0.36%	-0.48%	-0.9%
Net Income (Continuing)	6.03B	13.58B	13.32B	12.28B	16.71B	8.78B	1.03B
EPS (Diluted)+	22.42	50.60	49.08	44.40	53.52	30.32	3.08
EPS Growth %	-	1.26%	-0.03%	-0.1%	0.21%	-0.43%	-0.9%
EPS (Basic)	22.42	50.60	49.08	44.76	56.88	30.40	3.10
Diluted Shares Outstanding	266.14M	269.22M	271.67M	276.01M	339.94M	286.84M	286.79M

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	19.66B	18.58B	7.92B	24.65B	35.29B	44.39B	39.99B
Short Term Investments	1000K	0	0	0	0	0	0
Total Investments+	119.03B	19.91B	74.6B	158.98B	247.31B	243.74B	160.44B
Investments Growth %	-	-0.83%	2.75%	1.13%	0.56%	-0.01%	-0.34%
Long-Term Investments	116.5B	19.91B	74.6B	158.98B	247.31B	243.74B	160.44B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-
Goodwill	8.98B	9.11B	9.05B	9.05B	8.92B	8.91B	8.91B
Intangible Assets	1.66B	1.97B	1.9B	1.88B	899.41M	885.06M	874.92M
PP&E (Net)	1.56B	1.36B	1.43B	1.4B	1.19B	1.08B	581.21M
Other Assets	9.76B	-32.36B	35.67B	33.78B	46.22B	34.73B	14.61B
Total Current Assets	38.63B	33.04B	23.88B	40.44B	51.03B	54.93B	46.03B
Total Non-Current Assets	141.73B	32.36B	125.65B	208.45B	309.41B	294.33B	190.99B
Total Assets+	180.36B	117.92B	149.53B	248.89B	360.43B	349.26B	237.02B
Asset Growth %	-	-0.35%	0.27%	0.66%	0.45%	-0.03%	-0.32%
Return on Assets (ROA)	0.03%	0.09%	0.1%	0.06%	0.06%	0.02%	0%
Accounts Payable	157.59M	476.48M	525.95M	433.41M	401.21M	193.28M	139.21M
Total Debt+	24.04B	15.09B	13.94B	28.94B	44.8B	53.11B	44.86B
Net Debt	4.38B	-3.48B	6.02B	4.29B	9.51B	8.73B	4.87B
Long-Term Debt	23.17B	14.32B	13B	27.96B	44B	52.37B	44.47B
Short-Term Debt	0	0	0	0	0	0	0
Other Liabilities	130.68B	-15.09B	79.25B	128.57B	216.45B	191.82B	94.21B
Total Current Liabilities	2B	476.48M	2.65B	2.5B	2.68B	5.78B	1.56B
Total Non-Current Liabilities	157.12B	476.48M	98.74B	163.24B	263.19B	248.7B	141.78B
Total Liabilities	159.12B	82.97B	101.39B	165.74B	265.87B	254.48B	143.34B
Total Equity+	21.24B	34.95B	48.15B	83.15B	94.56B	94.79B	93.68B
Equity Growth %	-	0.65%	0.38%	0.73%	0.14%	0%	-0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-
Return on Equity (ROE)	0.28%	0.48%	0.32%	0.19%	0.19%	0.09%	0.01%
Book Value per Share	79.79	129.81	177.22	301.26	278.17	330.45	326.66
Tangible BV per Share	-	-	-	-	-	-	-
Common Stock	67K	68K	69K	77K	75K	75K	75K
Additional Paid-in Capital	10.87B	14.11B	14.11B	33.21B	33.37B	32.07B	32.14B
Retained Earnings	2.68B	16.24B	29.35B	40.93B	55.94B	64.6B	65.49B
Accumulated OCI	7.12B	4.58B	4.58B	7.42B	9.3B	2.16B	155.85M
Treasury Stock	-1K	-1K	-2K	-2K	-5.56B	-5.64B	-5.64B
Preferred Stock	0	218.05M	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Cash from Operations+	2.67B	-1.45B	2.19B	7.12B	4.99B	4.46B	15.03B
Operating CF Growth %	-	-1.54%	2.51%	2.25%	-0.3%	-0.11%	2.37%
Net Income	8.36B	18.65B	19.43B	17.91B	23.4B	13.01B	886.87M
Depreciation & Amortization	869.73M	951.46M	817.26M	862.71M	824.63M	771.14M	606.15M
Deferred Taxes	0	0	-7.17B	-2.22B	-2.53B	0	0
Other Non-Cash Items	2.03B	-2.48B	6.42B	3.14B	1.81B	4.26B	4.38B
Working Capital Changes	-8.8B	-18.7B	-17.26B	-12.73B	-18.65B	-13.64B	9.2B
Cash from Investing+	-1.63B	3.49B	-11.01B	-15B	313.82M	8.45B	-5.94B
Purchase of Investments	-113.87B	-132.11B	-128.57B	-169.46B	-128.59B	-97.73B	-73.92B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-
Acquisitions	-2.52M	77.5M	-1.72B	-40.32M	0	0	0
Other Investing	483.97M	805.96M	810.14M	1.24B	-3.37B	7.27B	1B
Cash from Financing+	6.51B	-2.01B	-2.61B	24.87B	-2.45B	-9.92B	-20.55B
Dividends Paid	0	0	0	0	0	-7.72B	-1.44B
Share Repurchases	0	0	0	0	-6.44B	0	0
Stock Issued	351.2M	9.23B	677.77M	18.91B	22.33M	15.94M	0
Net Stock Activity	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K
Other Financing	-285.05M	-923.56M	-499.49M	-1.15B	-828.99M	-1.12B	-855.65M
Net Change in Cash+	7.5B	-52.11M	-11.26B	16.47B	2.71B	3.04B	-11.06B
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K
Cash at Beginning	11.12B	18.63B	18.58B	7.31B	23.79B	26.5B	29.54B
Cash at End	18.63B	18.58B	7.31B	23.79B	26.5B	29.54B	18.48B
Interest Paid	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0
Free Cash Flow+	2.21B	-1.72B	2.01B	6.91B	4.83B	4.33B	14.98B
FCF Growth %	-	-1.78%	2.17%	2.44%	-0.3%	-0.1%	2.46%

Banking Ratios

Metric	2017	2018	2019	2020	2021	2022	2023
Return on Equity (ROE)	28.09%	48.48%	32.09%	18.82%	18.91%	9.19%	0.94%
Return on Assets (ROA)	3.31%	9.13%	9.97%	6.2%	5.52%	2.45%	0.3%
Net Interest Margin	3.51%	4.39%	1.73%	2.63%	3.81%	5.25%	5.13%
Efficiency Ratio	39.12%	38.4%	44.49%	46.82%	38.2%	31.29%	34.04%
Equity / Assets	11.77%	29.64%	32.2%	33.41%	26.23%	27.14%	39.53%
Book Value / Share	79.79	129.81	177.22	301.26	278.17	330.45	326.66
NII Growth	-	-18.1%	-50.13%	153.27%	109.96%	33.42%	-33.63%
Dividend Payout	-	-	-	-	-	88.71%	161.86%

Frequently Asked Questions

Valuation & Price

Lufax Holding Ltd (LU) has a price-to-earnings (P/E) ratio of 0.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Lufax Holding Ltd (LU) saw revenue decline by 39.6% over the past year.

Lufax Holding Ltd (LU) reported a net loss of $3.38B for fiscal year 2023.

Dividend & Returns

Yes, Lufax Holding Ltd (LU) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Lufax Holding Ltd (LU) has a return on equity (ROE) of 0.9%. This is below average, suggesting room for improvement.

Industry Metrics

Lufax Holding Ltd (LU) has a net interest margin (NIM) of 5.1%. This indicates healthy earnings from lending activities.

Lufax Holding Ltd (LU) has an efficiency ratio of 34.0%. This is excellent, indicating strong cost control.

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