LexinFintech Holdings Ltd. (LX) Financial Ratios
10 years of historical data (2015–2024) · Financial Services · Financial - Credit Services
EV/EBITDA
↓
1.65
↓-70% vs avg
5yr avg: 5.57
30Y Low1.6·High24.5
P/FCF
↑
1.21
↑+124% vs avg
5yr avg: 0.54
30Y Low0.1·High1.5
P/B Ratio
↓
0.22
↑+117% vs avg
5yr avg: 0.10
30Y Low0.0·High1.4
ROE
↑
10.8%
↑-29% vs avg
5yr avg: 15.3%
30Y Low-160%·High68%
Debt/EBITDA
↓
2.16
↓-67% vs avg
5yr avg: 6.50
30Y Low2.2·High22.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
LexinFintech Holdings Ltd. trades at 2.2x earnings, 166% above its 5-year average of 0.8x, sitting at the 88th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 84%. On a free-cash-flow basis, the stock trades at 1.2x P/FCF, 124% above the 5-year average of 0.5x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $148M | $984M | $331M | $373M | $801M | $1.4B | $2.6B | $1.3B | $2.4B | — | — |
| Enterprise Value | $590M | $4.0B | $3.2B | $8.1B | $5.8B | $9.1B | $8.8B | $5.4B | $12.1B | — | — |
| P/E Ratio → | 2.18 | 0.89 | 0.29 | 0.43 | 0.34 | 2.15 | 1.14 | 0.67 | 9.93 | — | — |
| P/S Ratio | 0.07 | 0.07 | 0.03 | 0.04 | 0.07 | 0.12 | 0.25 | 0.17 | 0.43 | — | — |
| P/B Ratio | 0.22 | 0.09 | 0.03 | 0.04 | 0.10 | 0.25 | 0.40 | 0.32 | 1.41 | — | — |
| P/FCF | 1.21 | 1.18 | 0.13 | — | 0.31 | — | — | 0.48 | 1.47 | — | — |
| P/OCF | 0.94 | 0.91 | 0.12 | 3.77 | 0.30 | — | — | 0.47 | 1.44 | — | — |
P/E links to full P/E history page with 30-year chart
LX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
LexinFintech Holdings Ltd.'s enterprise value stands at 1.7x EBITDA, 70% below its 5-year average of 5.6x. The Financial Services sector median is 11.4x, placing the stock at a 86% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.28 | 0.25 | 0.82 | 0.51 | 0.79 | 0.83 | 0.71 | 2.17 | — | — |
| EV / EBITDA | 1.65 | 1.64 | 1.59 | 16.86 | 1.81 | 5.94 | 3.25 | 2.92 | 24.53 | — | — |
| EV / EBIT | 1.76 | 2.93 | 2.34 | 7.50 | 2.05 | 11.98 | 3.22 | 2.54 | 25.50 | — | — |
| EV / FCF | — | 4.79 | 1.26 | — | 2.28 | — | — | 1.97 | 7.47 | — | — |
LX Profitability
Margins and return-on-capital ratios measuring operating efficiency
LexinFintech Holdings Ltd. earns an operating margin of 16.1%, below the Financial Services sector average of 21.4%. Operating margins have expanded from 3.4% to 16.1% over the past 3 years, signaling improving operational efficiency. ROE of 10.8% is modest. ROIC of 11.0% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.4% | 35.4% | 34.6% | 30.8% | 50.5% | 31.2% | 47.1% | 39.6% | 23.6% | 13.9% | -2.9% |
| Operating Margin | 16.1% | 16.1% | 14.4% | 3.4% | 27.0% | 12.3% | 24.8% | 24.0% | 8.5% | 0.3% | -15.7% |
| Net Profit Margin | 7.7% | 7.7% | 8.2% | 8.3% | 20.5% | 5.1% | 21.6% | 26.0% | 4.3% | -2.7% | -12.3% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.8% | 10.8% | 11.6% | 9.8% | 34.3% | 9.8% | 42.9% | 68.1% | 28.0% | -113.5% | -160.0% |
| ROA | 4.8% | 4.8% | 4.6% | 3.7% | 11.3% | 3.0% | 14.5% | 14.5% | 2.0% | -1.9% | -8.1% |
| ROIC | 11.0% | 11.0% | 8.5% | 1.5% | 15.0% | 7.2% | 16.3% | 12.5% | 3.5% | 0.1% | -8.8% |
| ROCE | 19.5% | 19.5% | 17.8% | 3.2% | 32.0% | 16.1% | 37.8% | 57.7% | 36.5% | 2.3% | -176.6% |
LX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
LexinFintech Holdings Ltd. carries a Debt/EBITDA ratio of 2.2x, which is manageable (48% below the sector average of 4.1x). Net debt stands at $3.0B ($5.3B total debt minus $2.3B cash). Interest coverage of 253.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.49 | 0.49 | 0.57 | 1.07 | 0.95 | 1.69 | 1.26 | 1.28 | 6.38 | 557.47 | 16.46 |
| Debt / EBITDA | 2.16 | 2.16 | 2.72 | 19.18 | 2.39 | 6.06 | 3.06 | 2.83 | 21.96 | 496.64 | — |
| Net Debt / Equity | — | 0.28 | 0.30 | 0.90 | 0.62 | 1.40 | 0.94 | 1.00 | 5.72 | 523.02 | 15.76 |
| Net Debt / EBITDA | 1.24 | 1.24 | 1.43 | 16.08 | 1.56 | 5.04 | 2.29 | 2.21 | 19.68 | 465.94 | — |
| Debt / FCF | — | 3.61 | 1.13 | — | 1.97 | — | — | 1.49 | 5.99 | 20.94 | — |
| Interest Coverage | 253.83 | 253.83 | 37.22 | 6.01 | 48.64 | 18.48 | 67.00 | 79.01 | 6.30 | 0.23 | -205.87 |
LX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.86x means LexinFintech Holdings Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.42x to 1.86x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.86 | 1.86 | 1.50 | 1.42 | 1.63 | 1.37 | 1.68 | 1.29 | 0.99 | 0.94 | 0.94 |
| Quick Ratio | 1.86 | 1.86 | 1.50 | 1.42 | 1.63 | 1.37 | 1.68 | 1.29 | 0.99 | 0.94 | 0.94 |
| Cash Ratio | 0.23 | 0.23 | 0.21 | 0.12 | 0.26 | 0.13 | 0.21 | 0.14 | 0.09 | 0.06 | 0.04 |
| Asset Turnover | — | 0.64 | 0.56 | 0.43 | 0.54 | 0.57 | 0.55 | 0.61 | 0.38 | 0.50 | 0.66 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LexinFintech Holdings Ltd. returns 6.8% to shareholders annually primarily through dividends. The payout ratio of 14.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 45.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.8% | 16.7% | 41.0% | — | — | — | — | — | — | — | — |
| Payout Ratio | 14.9% | 14.9% | 12.7% | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 45.8% | 112.1% | 344.6% | 232.6% | 296.9% | 46.6% | 88.0% | 150.3% | 10.1% | — | — |
| FCF Yield | 82.5% | 84.8% | 772.6% | — | 317.9% | — | — | 208.4% | 67.8% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 87.6% | 0.0% | 0.0% | 13.0% | 13.0% | 0.0% | — | — |
| Total Shareholder Yield | 6.8% | 16.7% | 41.0% | 87.6% | 0.0% | 0.0% | 13.0% | 13.0% | 0.0% | — | — |
| Shares Outstanding | — | $170M | $180M | $196M | $207M | $206M | $188M | $181M | $172M | $165M | $55M |
Peer Comparison
Compare LX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LXYou | $148M | 2.2 | 1.7 | 1.2 | 35.4% | 16.1% | 10.8% | 11.0% | 2.2 |
 QFIN | $4B | 2.2 | 3.0 | 2.8 | 61.8% | 43.9% | 27.1% | 23.1% | 0.2 |
 FINV | $3B | 3.8 | 5.7 | 6.9 | 79.3% | 19.4% | 16.2% | 12.9% | 0.0 |
 CNF | $1M | -0.0 | — | 0.1 | 87.0% | -11.2% | -12.0% | -0.6% | — |
 MOGO | $25M | -2.5 | 23.5 | — | 65.6% | -5.2% | -15.6% | -1.7% | 18.2 |
 UPST | $3B | 69.3 | 52.8 | — | 95.2% | 5.1% | 7.5% | 1.7% | 23.4 |
 AFRM | $22B | 445.4 | 208.7 | 37.0 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 CACC | $5B | 14.0 | 10.0 | 5.2 | 98.7% | 47.6% | 25.9% | 10.4% | 5.6 |
 BABA | $319B | 16.8 | 12.8 | 27.8 | 40.0% | 14.1% | 11.8% | 9.6% | 1.4 |
 JD | $46B | 7.5 | 6.3 | 7.0 | 9.8% | 3.3% | 13.6% | 9.9% | 1.9 |
 PDD | $143B | 8.7 | 8.5 | 8.1 | 60.9% | 27.5% | 44.9% | 40.3% | 0.1 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonLX — Frequently Asked Questions
Quick answers to the most common questions about buying LX stock.
What is LexinFintech Holdings Ltd.'s P/E ratio?
LexinFintech Holdings Ltd.'s current P/E ratio is 2.2x. The historical average is 2.0x. This places it at the 88th percentile of its historical range.
What is LexinFintech Holdings Ltd.'s EV/EBITDA?
LexinFintech Holdings Ltd.'s current EV/EBITDA is 1.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
What is LexinFintech Holdings Ltd.'s ROE?
LexinFintech Holdings Ltd.'s return on equity (ROE) is 10.8%. The historical average is -5.8%.
Is LX stock overvalued?
Based on historical data, LexinFintech Holdings Ltd. is trading at a P/E of 2.2x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is LexinFintech Holdings Ltd.'s dividend yield?
LexinFintech Holdings Ltd.'s current dividend yield is 6.84% with a payout ratio of 14.9%.
What are LexinFintech Holdings Ltd.'s profit margins?
LexinFintech Holdings Ltd. has 35.4% gross margin and 16.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does LexinFintech Holdings Ltd. have?
LexinFintech Holdings Ltd.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.