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Qudian

DB:1QU
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1QU
DB
$471M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Qudian Inc. provides online small consumer credit products in the People’s Republic of China. The last earnings update was 13 days ago. More info.


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  • Qudian has significant price volatility in the past 3 months.
1QU Share Price and Events
7 Day Returns
-10.1%
DB:1QU
6%
Europe Consumer Finance
7.3%
DE Market
1 Year Returns
-60.4%
DB:1QU
-48.3%
Europe Consumer Finance
-17.7%
DE Market
1QU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Qudian (1QU) -10.1% -23.3% -57.2% -60.4% - -
Europe Consumer Finance 6% -34.5% -40.3% -48.3% -64.4% -63.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 1QU underperformed the Consumer Finance industry which returned -48.3% over the past year.
  • 1QU underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
1QU
Industry
5yr Volatility vs Market

Value

 Is Qudian undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Qudian to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Qudian.

DB:1QU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= CN¥48.60 * 9.5%
CN¥4.63
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. CN¥48.60
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1QU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 25%) (102.57%))
1.024
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.024 * 6.33%)
6.09%

Discounted Cash Flow Calculation for DB:1QU using Excess Returns Model Model

The calculations below outline how an intrinsic value for Qudian is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:1QU Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.5% – 6.09%) * CN¥48.60)
CN¥1.67
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥1.67 / (6.09% - -0.39%)
CN¥25.71
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥48.60 + CN¥25.71
CN¥74.3
DB:1QU Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NYSE:QD)
0.141
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥74.3 x 0.141
$10.47
Non-primary Listing Adjustment Factor 1 share in DB:1QU represents 0.95699x of NYSE:QD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95699x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 10.47 x 0.95699
€10.02
Value per share (EUR) From above. €10.02
Current discount Discount to share price of €1.78
= -1 x (€1.78 - €10.02) / €10.02
82.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Qudian is available for.
Intrinsic value
>50%
Share price is €1.78 vs Future cash flow value of €10.02
Current Discount Checks
For Qudian to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Qudian's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Qudian's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Qudian's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Qudian's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1QU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥11.72
NYSE:QD Share Price ** NYSE (2020-03-30) in USD $1.86
NYSE:QD Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 7.099 CN¥13.2
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.55x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Qudian.

DB:1QU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:QD Share Price ÷ EPS (both in CNY)

= 13.2 ÷ 11.72

1.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Qudian is good value based on earnings compared to the Europe Consumer Finance industry average.
  • Qudian is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Qudian's expected growth come at a high price?
Raw Data
DB:1QU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-36.6%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.41x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:1QU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 1.13x ÷ -36.6%

-0.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Qudian earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Qudian's assets?
Raw Data
DB:1QU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥46.86
NYSE:QD Share Price * NYSE (2020-03-30) in USD $1.86
NYSE:QD Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 7.099 CN¥13.2
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.71x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:1QU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:QD Share Price ÷ Book Value per Share (both in CNY)

= 13.2 ÷ 46.86

0.28x

* Primary Listing of Qudian.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Qudian is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess Qudian's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. Qudian has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Qudian expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-36.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Qudian expected to grow at an attractive rate?
  • Qudian's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Qudian's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Qudian's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1QU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1QU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -36.6%
DB:1QU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -38.7%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1QU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1QU Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,953 -742 1,660 2
2021-12-31 3,850 1,277 1,331 4
2020-12-31 4,605 742 170 5
2020-03-31
DB:1QU Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 8,796 3,264
2019-09-30 8,673 3,904
2019-06-30 8,013 3,544
2019-03-31 8,039 4,042 3,125
2018-12-31 7,664 3,332 2,491
2018-09-30 7,356 2,264
2018-06-30 6,893 2,231
2018-03-31 5,646 2,754 2,015
2017-12-31 4,767 2,798 2,164
2017-09-30 4,018 2,884 1,924
2017-06-30 2,923 2,048 1,428
2017-03-31 2,167 1,275 1,022

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Qudian's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Qudian's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1QU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Qudian Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1QU Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.71 3.71 3.71 1.00
2021-12-31 3.15 3.82 2.48 2.00
2020-12-31 -2.92 1.58 -7.42 2.00
2020-03-31
DB:1QU Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 11.72
2019-09-30 13.44
2019-06-30 11.80
2019-03-31 10.04
2018-12-31 7.82
2018-09-30 7.23
2018-06-30 8.87
2018-03-31 10.71
2017-12-31 17.13
2017-09-30 25.25
2017-06-30 18.14
2017-03-31 12.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Qudian is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Qudian's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Qudian has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Qudian performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Qudian's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Qudian has delivered over 20% year on year earnings growth in the past 5 years.
  • Qudian's 1-year earnings growth is less than its 5-year average (31% vs 46.5%)
  • Qudian's earnings growth has exceeded the Europe Consumer Finance industry average in the past year (31% vs 17.9%).
Earnings and Revenue History
Qudian's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Qudian Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1QU Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 8,795.69 3,264.29 566.68 204.78
2019-09-30 8,672.79 3,903.94 707.57 198.76
2019-06-30 8,012.73 3,544.34 745.27 195.89
2019-03-31 8,039.31 3,125.12 829.91 169.87
2018-12-31 7,664.33 2,491.32 846.09 149.89
2018-09-30 7,355.62 2,263.88 751.52 142.80
2018-06-30 6,893.20 2,230.80 822.21 154.22
2018-03-31 5,645.79 2,015.14 714.93 155.81
2017-12-31 4,767.44 2,164.46 631.35 137.33
2017-09-30 4,018.29 1,924.30 621.79 132.18
2017-06-30 2,922.96 1,427.88 433.26 91.41
2017-03-31 2,167.32 1,022.46 362.66 61.78
2016-12-31 1,419.90 576.65 302.50 41.02
2016-09-30 781.64 173.31 230.07 40.10
2015-12-31 235.01 -233.16 242.36 30.20
2014-12-31 32.18 -54.37 68.63 3.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Qudian has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Qudian used its assets more efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Qudian has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Qudian's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Qudian has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Qudian's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Qudian's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Qudian is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Qudian's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Qudian's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Qudian Company Filings, last reported 3 months ago.

DB:1QU Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 11,924.05 3,389.12 3,092.07
2019-09-30 11,739.30 3,447.31 2,686.11
2019-06-30 12,250.89 3,838.99 2,616.95
2019-03-31 11,776.08 4,799.21 1,961.43
2018-12-31 10,820.61 4,273.84 2,501.19
2018-09-30 10,589.06 5,008.80 2,783.25
2018-06-30 10,137.95 6,031.50 2,972.21
2018-03-31 9,844.37 6,508.40 5,736.84
2017-12-31 9,540.37 9,204.66 7,132.31
2017-09-30 4,182.72 9,110.48 1,483.03
2017-06-30 3,519.43 7,213.05 645.03
2017-03-31 3,000.01 4,593.22 956.62
2016-12-31 2,513.59 4,259.28 1,215.97
2016-09-30 2,201.18 2,655.88 236.31
2015-12-31 -631.37 1,652.24 259.11
2014-12-31 -38.06 467.87 1.93
  • Qudian's level of debt (28.4%) compared to net worth is satisfactory (less than 40%).
  • Qudian had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (119.3%, greater than 20% of total debt).
  • Qudian earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Qudian's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Qudian has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Qudian's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Qudian dividends. Estimated to be 0% next year.
If you bought €2,000 of Qudian shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Qudian's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Qudian's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1QU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1QU Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 4.00
2020-12-31 0.00 4.00
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Qudian has not reported any payouts.
  • Unable to verify if Qudian's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Qudian's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Qudian has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Qudian's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Qudian's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Qudian afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Qudian has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Qudian's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Min Luo
AGE 36
TENURE AS CEO 6.2 years
CEO Bio

Mr. Min Luo is Founder, Chairman of Board of Directors, and, since the inception of Qudian Inc. in 2014, has served as Chief Executive Officer. Prior to founding Qudian Inc., Mr. Luo served as a Vice President of marketing of OkBuy.com, an online marketplace for apparel and shoe products in China, from 2010 to 2013. Mr. Luo was a Founder and Chief Executive Officer of Jiyiri.com, an online birthday-related service provider, from 2007 to 2009, and a Co-Founder of dipian.com, an online social platform for college students, from 2006 to 2007. Mr. Luo received a bachelor’s degree in telecommunication engineering from Jiangxi Normal University in 2004.

CEO Compensation
  • Insufficient data for Min to compare compensation growth.
  • Insufficient data for Min to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Qudian management team in years:

6.2
Average Tenure
  • The average tenure for the Qudian management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Min Luo

TITLE
Founder
AGE
36
TENURE
6.2 yrs

Gao Yan

TITLE
Vice President of Finance

Sissi Zhu

TITLE
Vice President of Investor Relations

Yang Binbin

TITLE
Vice President of Public Relations

Lianzhu Lv

TITLE
Head of User Experience Department
AGE
34
TENURE
6.2 yrs

Long Xu

TITLE
Senior VP & Director
TENURE
0.3 yrs

Annie Huang

TITLE
Director of Capital Markets

Ben Zhao

TITLE
CEO Assistant
Board of Directors Tenure

Average tenure and age of the Qudian board of directors in years:

2
Average Tenure
48
Average Age
  • The average tenure for the Qudian board of directors is less than 3 years, this suggests a new board.
Board of Directors

Min Luo

TITLE
Founder
AGE
36
TENURE
6.2 yrs

Long Xu

TITLE
Senior VP & Director
TENURE
0.3 yrs

Frank Li

TITLE
Independent Director
AGE
52
TENURE
2.4 yrs

Rocky Lee

TITLE
Independent Director
AGE
46
TENURE
2.4 yrs

Shengwen Rong

TITLE
Independent Director
AGE
50
TENURE
1.6 yrs

Yingming Li

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Qudian's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Qudian has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Qudian Inc. provides online small consumer credit products in the People’s Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit products; merchandise credit products to finance borrowers’ direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products. In addition, it operates a platform for loan recommendations and referrals. Qudian Inc. was founded in 2014 and is headquartered in Xiamen, the People’s Republic of China.

Details
Name: Qudian Inc.
1QU
Exchange: DB
Founded: 2014
$427,306,405
253,458,326
Website: http://www.qudian.com
Address: Qudian Inc.
Tower A,
AVIC Zijin Plaza,
Xiamen,
Fujian Province, 361000,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE QD ADR New York Stock Exchange US USD 18. Oct 2017
DB 1QU ADR Deutsche Boerse AG DE EUR 18. Oct 2017
LSE 0A2T ADR London Stock Exchange GB USD 18. Oct 2017
Number of employees
Current staff
Staff numbers
1,154
Qudian employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:26
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.