X Financial

XYF

Financial - Credit Services · Financial Services

Price

$5.39

-0.11 (-2.00%)

Market Cap

$35.8M

Exchange

New York Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Exceptional

Stability

Good

Valuation

Good

Dividends

Good

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Share count falling — buybacks

−25.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 9.4M (2021) → 6.9M (2025)

Winston Score History

The full picture

X Financial is a Chinese online lending company that connects borrowers with lenders through its digital platform. It mainly offers personal installment loans and credit products to individual consumers and small business owners in China. The company operates entirely online, making it part of China's large and competitive fintech lending industry.

X Financial makes money by charging fees and interest on the loans it facilitates, keeping a portion of each transaction as revenue. It operates exclusively in China and is a relatively small player in the market, with a market cap that reflects its modest scale. The company's main competitive edge is its use of data and technology to assess borrower risk quickly, but it faces significant risk from China's strict and frequently changing regulations on online lending, which have already forced major restructuring across the industry in recent years.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-39.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-91.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

¥0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

63.8%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

¥10.4B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

X Financial's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

58.7%

Premium pricing power — 58.7% gross margin

Profit after running costs

Operating Margin

12.0%

Modest — 12.0% operating margin

Return on the money invested

ROCE

14.7%

Good — 14.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+31.8%

Fast-growing sales (+31.8% YoY)

Profit growth

EPS YoY

-29.1%

Earnings shrinking (-29.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

141%

Turns 141% of profit into real cash

Spare cash per sale

FCF Margin

21.1%

Converts sales into free cash efficiently (21.1%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

0.05

Conservative — low debt load (0.05)

Covers its interest

Interest Cover

0.93x

Dangerous — barely covers interest (0.9x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit

P/E Ratio (TTM)

0.2x

Attractive valuation — P/E 0.2

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

-2.4

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend

Dividend Yield

20.36%

Healthy income — 20.36% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

N/A

Data not available

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