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China Rapid Finance

DB:2C31
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2C31
DB
$12M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

China Rapid Finance Limited, through its subsidiaries, provides a consumer lending marketplace for lenders and borrowers in the People’s Republic of China. The last earnings update was 114 days ago. More info.


Add to Portfolio Compare Print
  • China Rapid Finance has significant price volatility in the past 3 months.
2C31 Share Price and Events
7 Day Returns
-11.6%
DB:2C31
-3.3%
Europe Consumer Finance
4.3%
DE Market
1 Year Returns
-
DB:2C31
-50.1%
Europe Consumer Finance
-14.2%
DE Market
2C31 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Rapid Finance (2C31) -11.6% -17.3% -54.7% - - -
Europe Consumer Finance -3.3% -33.2% -42.7% -50.1% -65.8% -65.8%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • No trading data on 2C31.
  • No trading data on 2C31.
Price Volatility
2C31
Industry
5yr Volatility vs Market

2C31 Value

 Is China Rapid Finance 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 China Rapid Finance 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 China Rapid Finance.

DB:2C31 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Last reported Return on Equity.
= Stable Book Value * Return on Equity
= $0.14 * 1340.3%
$1.87
Book Value of Equity per Share Median Book Value from the past 5 years. $0.14
Discount Rate (Cost of Equity) See below 4.7%
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:2C31
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 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.639 (1 + (1- 25%) (0%))
0.758
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 6.33%)
4.67%

Discounted Cash Flow Calculation for DB:2C31 using Excess Returns Model Model

The calculations below outline how an intrinsic value for China Rapid Finance 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:2C31 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (1340.3% – 4.67%) * $0.14)
$1.86
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.86 / (4.67% - -0.39%)
$36.78
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.14 + $36.78
$36.92
DB:2C31 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2C31 represents 1.00363x of NYSE:XRF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00363x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 36.92 x 1.00363
€37.05
Value per share (EUR) From above. €37.05
Current discount Discount to share price of €1.05
= -1 x (€1.05 - €37.05) / €37.05
97.2%

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

Current Discount
Amount off the current price China Rapid Finance is available for.
Intrinsic value
>50%
Share price is €1.05 vs Future cash flow value of €37.05
Current Discount Checks
For China Rapid Finance to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Rapid Finance's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Rapid Finance'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 China Rapid Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Rapid Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2C31 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-5.70
NYSE:XRF Share Price ** NYSE (2020-04-07) in USD $1.05
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.55x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of China Rapid Finance.

DB:2C31 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:XRF Share Price ÷ EPS (both in USD)

= 1.05 ÷ -5.70

-0.18x

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

  • China Rapid Finance is loss making, we can't compare its value to the Europe Consumer Finance industry average.
  • China Rapid Finance is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does China Rapid Finance's expected growth come at a high price?
Raw Data
DB:2C31 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.47x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for China Rapid Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Rapid Finance's assets?
Raw Data
DB:2C31 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $-3.08
NYSE:XRF Share Price * NYSE (2020-04-07) in USD $1.05
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:2C31 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:XRF Share Price ÷ Book Value per Share (both in USD)

= 1.05 ÷ -3.08

-0.34x

* Primary Listing of China Rapid Finance.

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

  • China Rapid Finance has negative assets, we can't compare the value of its assets to the Europe Consumer Finance industry average.
X
Value checks
We assess China Rapid Finance'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. China Rapid Finance has a total score of 2/6, 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.

2C31 Future Performance

 How is China Rapid Finance expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Rapid Finance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.5%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Rapid Finance expected to grow at an attractive rate?
  • Unable to compare China Rapid Finance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Rapid Finance's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare China Rapid Finance's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2C31 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:2C31 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2C31 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:2C31 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 50 6 -38
2019-06-30 59 -19 -46
2019-03-31 70 -22 -47
2018-12-31 75 -37 -67
2018-09-30 97 -44 -56
2018-06-30 107 -12 -49
2018-03-31 99 -16 -135
2017-12-31 93 -4 -122
2017-09-30 65 -30 -133
2017-06-30 55 -37 -135
2017-03-31 54 -46
2016-12-31 57 -26 -40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Rapid Finance is high growth as no earnings estimate data is available.
  • Unable to determine if China Rapid Finance is high growth as no revenue estimate data is available.
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:2C31 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Rapid Finance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2C31 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:2C31 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -5.70
2019-06-30 -7.06
2019-03-31 -7.12
2018-12-31 -10.20
2018-09-30 -8.57
2018-06-30 -7.55
2018-03-31 -22.05
2017-12-31 -24.78
2017-09-30 -35.77
2017-06-30 -53.88
2017-03-31 -27.57
2016-12-31 -24.56

*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.
  • Unable to establish if China Rapid Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. China Rapid Finance's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. China Rapid Finance's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess China Rapid Finance'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.
China Rapid Finance 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.

2C31 Past Performance

  How has China Rapid Finance 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 China Rapid Finance'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.
  • China Rapid Finance does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Rapid Finance's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Rapid Finance's 1-year growth to the Europe Consumer Finance industry average as it is not currently profitable.
Earnings and Revenue History
China Rapid Finance'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 China Rapid Finance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2C31 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 50.02 -37.60 65.59 7.35
2019-06-30 58.78 -46.37 83.44 10.97
2019-03-31 70.04 -46.63 93.48 13.51
2018-12-31 74.90 -66.53 106.99 15.99
2018-09-30 97.38 -55.69 110.63 17.48
2018-06-30 106.92 -49.02 109.84 17.78
2018-03-31 99.00 -134.83 109.97 13.54
2017-12-31 92.78 -121.55 99.46 11.64
2017-09-30 65.16 -132.82 81.43 15.78
2017-06-30 54.77 -134.71 86.95
2017-03-31 53.59 -45.69 67.10 10.92
2016-12-31 56.98 -40.38 66.70 8.63
2016-09-30 64.37 -28.87 71.19
2016-06-30 62.55 -31.64 70.06
2016-03-31 62.95 -34.56 71.58
2015-12-31 63.48 -33.23 64.54 5.68
2015-09-30 63.48 -26.07 65.63
2014-12-31 61.31 -1.78 51.09
2013-12-31 40.56 0.62 29.72

*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.
  • It is difficult to establish if China Rapid Finance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if China Rapid Finance has efficiently used its assets last year compared to the Europe Consumer Finance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if China Rapid Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess China Rapid Finance'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.
China Rapid Finance has a total score of 0/6, 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.

2C31 Health

 How is China Rapid Finance'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 China Rapid Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Rapid Finance's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Rapid Finance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Rapid Finance'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.
  • China Rapid Finance has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 China Rapid Finance Company Filings, last reported 6 months ago.

DB:2C31 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -20.28 0.00 15.46
2019-06-30 -20.69 0.00 12.48
2019-03-31 -20.69 0.00 12.48
2018-12-31 0.92 3.00 33.03
2018-09-30 14.67 0.00 40.01
2018-06-30 25.08 0.00 58.81
2018-03-31 35.28 0.00 71.66
2017-12-31 59.04 0.00 94.88
2017-09-30 62.35 0.00 81.44
2017-06-30 66.14 0.00 74.52
2017-03-31 18.93 0.00 24.52
2016-12-31 14.01 0.00 18.98
2016-09-30 22.77 0.00 5.85
2016-06-30 8.18 2.17 8.65
2016-03-31 23.37 0.00 27.89
2015-12-31 23.37 0.00 27.89
2015-09-30 22.61 1.57 26.36
2014-12-31 9.69 1.88 9.00
2013-12-31 9.38 0.00 16.88
  • China Rapid Finance has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if China Rapid Finance's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making China Rapid Finance has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making China Rapid Finance has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.8% per year.
X
Financial health checks
We assess China Rapid Finance'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. China Rapid Finance has a total score of 3/6, 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.

2C31 Dividends

 What is China Rapid Finance'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 China Rapid Finance dividends.
If you bought €2,000 of China Rapid Finance 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 China Rapid Finance's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Rapid Finance'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:2C31 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 0 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 6.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:2C31 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as China Rapid Finance has not reported any payouts.
  • Unable to verify if China Rapid Finance's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Rapid Finance's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Rapid Finance has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Rapid Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 China Rapid Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Rapid Finance 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.

2C31 Management

 What is the CEO of China Rapid Finance'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
Zane Wang
AGE 61
TENURE AS CEO 0.5 years
CEO Bio

Dr. Zhengyu Wang, also known as Zane, founded China Rapid Finance Limited, serves as its Chairman and has also been its Chief Executive Officer since October 2019. Dr. Wang was Co-Chief Executive Officer of China Rapid Finance Limited from September 2018 to October 2019. Dr. Wang also advised the People’s Bank of China on the creation of the National Credit Bureau from 2003 to 2005. Before founding the Company, Dr. Wang was the Head of Analytics at Sears Credit from 1995 to 2000. Dr. Wang received his Ph.D. in Statistics from the University of Illinois, and his master of science degree from the University of Illinois at Chicago.

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

Average tenure and age of the China Rapid Finance management team in years:

1.1
Average Tenure
56
Average Age
  • The average tenure for the China Rapid Finance management team is less than 2 years, this suggests a new team.
Management Team

Zane Wang

TITLE
Founder
AGE
61
TENURE
0.5 yrs

Steven Foo

TITLE
CFO & Executive Director
AGE
47
TENURE
1 yrs

Quasi Yao

TITLE
Director of Strategy & Operations
TENURE
1.1 yrs

Wilson Qin

TITLE
Chief Technology Officer
TENURE
1.1 yrs

Marlene Pan

TITLE
Director of Investor Relations

Kevin Kong

TITLE
General Counsel
AGE
46
TENURE
2.3 yrs

Po Wang

TITLE
Executive VP of New Ventures & Executive Director
AGE
49

Lifu Chen

TITLE
AGE
56

Phillip Riese

TITLE
AGE
70
TENURE
15.3 yrs

Nigel Morris

TITLE
AGE
60
TENURE
15.3 yrs
Board of Directors Tenure

Average tenure and age of the China Rapid Finance board of directors in years:

1
Average Tenure
54
Average Age
  • The average tenure for the China Rapid Finance board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zane Wang

TITLE
Founder
AGE
61

Russell Krauss

TITLE
Vice Chairman
AGE
59
TENURE
1.6 yrs

Steven Foo

TITLE
CFO & Executive Director
AGE
47
TENURE
1 yrs

Po Wang

TITLE
Executive VP of New Ventures & Executive Director
AGE
49
TENURE
0.5 yrs

Doug Brown

TITLE
Independent Non-Executive Director
AGE
65
TENURE
13.3 yrs

Edward Yan

TITLE
Independent Non Executive Director
AGE
48
TENURE
1 yrs

Steve Eskenazi

TITLE
Advisory Director
AGE
54
TENURE
1 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 China Rapid Finance'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. China Rapid Finance 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.

2C31 News

Simply Wall St News

2C31 Company Info

Description

China Rapid Finance Limited, through its subsidiaries, provides a consumer lending marketplace for lenders and borrowers in the People’s Republic of China. The company offers various loan products to serve the lifetime credit needs of emerging middle-class, mobile active consumers, including consumption loans with terms of between two weeks and three months; and lifestyle loans with terms of between one and three years. It is also involved in the micro-credit lending business. The company serves marketplace investors and borrowers online, as well as through a physical network of 68 data verification centers and 6 investor service centers. As of December 31, 2018, it facilitated approximately 39.2 million loans to 4.5 million borrowers. The company was formerly known as China Risk Finance LLC and changed its name to China Rapid Finance Limited in August 2015. China Rapid Finance Limited was founded in 2004 and is headquartered in Shanghai, the People’s Republic of China.

Details
Name: China Rapid Finance Limited
2C31
Exchange: DB
Founded: 2004
$10,871,008
11,316,648
Website: http://https://ir.crfchina.com/index.html
Address: China Rapid Finance Limited
Building D, BenQ Plaza,
2nd Floor,
Shanghai,
200335,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE XRF SPNSORD ADS NEW New York Stock Exchange US USD 28. Apr 2017
DB 2C31 SPNSORD ADS NEW Deutsche Boerse AG DE EUR 28. Apr 2017
Number of employees
Current staff
Staff numbers
2,530
China Rapid Finance employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 05:32
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2018/04/03
Last earnings filing: 2019/12/16
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.