X Financial (XYF) Financial Ratios
9 years of historical data (2016–2024) · Financial Services · Financial - Credit Services
EV/EBITDA
↑
-0.46
—
5yr avg: N/A
P/FCF
↓
1.15
↑+232% vs avg
5yr avg: 0.35
30Y Low0.2·High1.3
P/B Ratio
↑
0.25
↑+521% vs avg
5yr avg: 0.04
30Y Low0.0·High0.2
ROE
↑
24.1%
↓+126% vs avg
5yr avg: 10.7%
30Y Low-35%·High33%
Debt/EBITDA
↑
0.18
↓-8% vs avg
5yr avg: 0.20
30Y Low0.0·High0.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
XYF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
X Financial trades at 0.2x earnings, 449% above its 5-year average of 0.0x, sitting at the 67th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 99%. On a free-cash-flow basis, the stock trades at 1.1x P/FCF, 232% above the 5-year average of 0.3x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $254M | $407M | $177M | $162M | $169M | $107M | $270M | $649M | — | — |
| Enterprise Value | $-128181923 | $-2194405418 | $-2142564112 | $-2128797859 | $-1737335608 | $-1179817003 | $-1234302027 | $-262355410 | — | — |
| P/E Ratio → | 0.19 | 0.04 | 0.02 | 0.03 | 0.03 | — | 0.35 | 0.73 | — | — |
| P/S Ratio | 0.29 | 0.07 | 0.05 | 0.07 | 0.11 | — | 0.21 | 0.30 | — | — |
| P/B Ratio | 0.25 | 0.06 | 0.03 | 0.03 | 0.04 | 0.03 | 0.06 | 0.18 | — | — |
| P/FCF | 1.15 | 0.27 | 0.22 | 0.51 | 0.38 | — | 1.32 | — | — | — |
| P/OCF | 1.14 | 0.27 | 0.22 | 0.50 | 0.38 | — | 0.45 | 121.22 | — | — |
P/E links to full P/E history page with 30-year chart
XYF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.37 | -0.65 | -0.92 | -1.15 | — | -0.97 | -0.12 | — | — |
| EV / EBITDA | -0.46 | -1.17 | -1.45 | -1.74 | -1.45 | — | -1.83 | -0.24 | — | — |
| EV / EBIT | -0.47 | -0.59 | -1.46 | -1.75 | -1.46 | — | -1.86 | -0.24 | — | — |
| EV / FCF | — | -1.45 | -2.66 | -6.72 | -3.89 | — | -6.01 | — | — | — |
XYF Profitability
Margins and return-on-capital ratios measuring operating efficiency
X Financial earns an operating margin of 31.9%, above the Financial Services sector average of 21.6%. Operating margins have compressed from 52.5% to 31.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 24.1% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 20.5% represents excellent 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.6% | 66.6% | 48.8% | 56.9% | 90.4% | 2275.4% | 75.8% | 69.9% | 65.1% | 120.7% |
| Operating Margin | 31.9% | 31.9% | 44.8% | 52.5% | 78.8% | 2604.1% | 51.9% | 50.0% | 47.7% | 375.8% |
| Net Profit Margin | 26.2% | 26.2% | 36.2% | 35.0% | 54.6% | 2127.6% | 60.6% | 40.7% | 33.9% | 305.3% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.1% | 24.1% | 22.4% | 18.6% | 23.4% | -35.2% | 19.6% | 33.4% | 31.8% | -31.8% |
| ROA | 13.1% | 13.1% | 11.6% | 10.0% | 11.1% | -16.6% | 12.0% | 20.7% | 12.2% | -7.1% |
| ROIC | 20.5% | 20.5% | 19.6% | 20.4% | 23.5% | -30.7% | 12.3% | 29.7% | 33.5% | -29.3% |
| ROCE | 17.2% | 17.2% | 15.3% | 15.8% | 17.1% | -21.6% | 11.0% | 28.2% | 19.0% | -10.4% |
XYF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
X Financial carries a Debt/EBITDA ratio of 0.2x, which is very conservative (96% below the sector average of 4.1x). The company holds a net cash position — cash of $2.9B exceeds total debt of $341M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 1.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.10 | 0.02 | 0.04 | 0.12 | 0.00 | 0.06 | — | — |
| Debt / EBITDA | 0.18 | 0.18 | 0.39 | 0.07 | 0.15 | — | 0.03 | 0.18 | — | — |
| Net Debt / Equity | — | -0.37 | -0.40 | -0.48 | -0.48 | -0.42 | -0.34 | -0.26 | -0.38 | -1.34 |
| Net Debt / EBITDA | -1.38 | -1.38 | -1.57 | -1.87 | -1.59 | — | -2.23 | -0.83 | -1.39 | — |
| Debt / FCF | — | -1.72 | -2.88 | -7.24 | -4.27 | — | -7.32 | — | — | -6.37 |
| Interest Coverage | 1.18 | 1.18 | 1.07 | 1.46 | — | — | — | — | — | — |
Net cash position: cash ($2.9B) exceeds total debt ($341M)
XYF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
X Financial's current ratio of 6.73x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 9.78x to 6.73x 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.73 | 6.73 | 5.10 | 9.78 | 8.79 | 3.66 | 7.37 | 4.65 | 6.74 | 2.75 |
| Quick Ratio | 6.73 | 6.73 | 5.10 | 9.78 | 8.79 | 3.66 | 7.37 | 4.65 | 6.74 | 2.75 |
| Cash Ratio | 3.96 | 3.96 | 3.22 | 6.45 | 6.06 | 2.74 | 4.36 | 2.02 | 2.43 | 1.94 |
| Asset Turnover | — | 0.50 | 0.28 | 0.26 | 0.21 | -0.01 | 0.15 | 0.47 | 0.26 | -0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — |
XYF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
X Financial returns 17.3% to shareholders annually — split between a 6.7% dividend yield and 10.5% buyback yield. The payout ratio of 7.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 100.0% (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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.7% | 28.6% | 32.9% | — | — | — | 38.2% | — | — | — |
| Payout Ratio | 7.6% | 7.6% | 4.9% | — | — | — | 13.3% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 2268.9% | 4013.1% | 3004.0% | 2930.2% | — | 286.4% | 136.1% | — | — |
| FCF Yield | 87.3% | 370.6% | 454.1% | 195.1% | 264.2% | — | 76.0% | — | — | — |
| Buyback Yield | 10.5% | 44.7% | 14.0% | 90.4% | 0.0% | 0.1% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 17.3% | 73.4% | 46.9% | 90.4% | 0.0% | 0.1% | 38.2% | 0.0% | — | — |
| Shares Outstanding | — | $49M | $48M | $54M | $56M | $54M | $53M | $51M | $47M | $40M |
Peer Comparison
Compare XYF 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 |
|---|---|---|---|---|---|---|---|---|---|
 XYFYou | $254M | 0.2 | -0.5 | 1.1 | 66.6% | 31.9% | 24.1% | 20.5% | 0.2 |
 QFIN | $4B | 2.1 | 3.0 | 2.8 | 61.8% | 43.9% | 27.1% | 23.1% | 0.2 |
 FINV | $3B | 3.8 | 5.8 | 6.9 | 79.3% | 19.4% | 16.2% | 12.9% | 0.0 |
 LX | $147M | 2.2 | 1.6 | 1.2 | 35.4% | 16.1% | 10.8% | 11.0% | 2.2 |
 CNF | $1M | -0.0 | — | 0.1 | 87.0% | -11.2% | -12.0% | -0.6% | — |
 JFIN | $534M | 1.7 | 2.5 | 5.3 | 64.9% | 21.5% | 38.4% | 39.9% | 0.0 |
 BEKE | $61B | 36.3 | 89.9 | 49.7 | 24.6% | 4.0% | 5.7% | 3.7% | 4.7 |
 JD | $46B | 7.6 | 6.4 | 7.1 | 9.8% | 3.3% | 13.6% | 9.9% | 1.9 |
 BABA | $340B | 17.9 | 13.5 | 29.6 | 40.0% | 14.1% | 11.8% | 9.6% | 1.4 |
 TCOM | $35B | 14.7 | 15.2 | 12.5 | 81.3% | 26.6% | 12.8% | 8.1% | 2.7 |
 IQ | $1B | 10.7 | 10.3 | 4.1 | 24.9% | 6.2% | 6.0% | 5.8% | 7.8 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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Start ComparisonXYF — Frequently Asked Questions
Quick answers to the most common questions about buying XYF stock.
What is X Financial's P/E ratio?
X Financial's current P/E ratio is 0.2x. The historical average is 0.2x. This places it at the 67th percentile of its historical range.
What is X Financial's EV/EBITDA?
X Financial's current EV/EBITDA is -0.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is X Financial's ROE?
X Financial's return on equity (ROE) is 24.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.8%.
Is XYF stock overvalued?
Based on historical data, X Financial is trading at a P/E of 0.2x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is X Financial's dividend yield?
X Financial's current dividend yield is 6.74% with a payout ratio of 7.6%.
What are X Financial's profit margins?
X Financial has 66.6% gross margin and 31.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does X Financial have?
X Financial's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.