Lufax Holding Ltd
Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products. The compan… Read more
Lufax Holding Ltd (LU) - Net Assets
Latest net assets as of September 2024: $86.34 Billion USD
Based on the latest financial reports, Lufax Holding Ltd (LU) has net assets worth $86.34 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($206.45 Billion) and total liabilities ($120.11 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $86.34 Billion |
| % of Total Assets | 41.82% |
| Annual Growth Rate | 30.79% |
| 5-Year Change | 94.59% |
| 10-Year Change | N/A |
| Growth Volatility | 27.87 |
Lufax Holding Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Lufax Holding Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lufax Holding Ltd (2016–2023)
The table below shows the annual net assets of Lufax Holding Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $93.68 Billion | -1.16% |
| 2022-12-31 | $94.79 Billion | +0.24% |
| 2021-12-31 | $94.56 Billion | +13.72% |
| 2020-12-31 | $83.15 Billion | +72.71% |
| 2019-12-31 | $48.15 Billion | +37.76% |
| 2018-12-31 | $34.95 Billion | +64.57% |
| 2017-12-31 | $21.24 Billion | +48.30% |
| 2016-12-31 | $14.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lufax Holding Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6877556000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $65.49 Billion | 71.07% |
| Common Stock | $75.00K | 0.00% |
| Other Comprehensive Income | $155.85 Million | 0.17% |
| Other Components | $26.50 Billion | 28.76% |
| Total Equity | $92.14 Billion | 100.00% |
Lufax Holding Ltd Competitors by Market Cap
The table below lists competitors of Lufax Holding Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neptune Insurance Holdings Inc.
NYSE:NP
|
$1.01 Billion |
|
Shandong Iron and Steel Co Ltd
SHG:600022
|
$1.01 Billion |
|
Formula Systems (1985) Ltd
F:FSY
|
$1.01 Billion |
|
Carborundum Universal Limited
NSE:CARBORUNIV
|
$1.01 Billion |
|
AQ Group AB (publ)
F:7AQ0
|
$1.01 Billion |
|
Xinxiang Richful Lube Additive Co. Ltd
SHE:300910
|
$1.01 Billion |
|
Takeuchi Mfg. Co., Ltd.
OTCGREY:TKUGF
|
$1.01 Billion |
|
Dashenlin Pharm Grp Co Ltd
SHG:603233
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lufax Holding Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 93,189,846,000 to 92,142,488,000, a change of -1,047,358,000 (-1.1%).
- Net income of 886,865,000 contributed positively to equity growth.
- Dividend payments of 1,435,461,000 reduced retained earnings.
- Share repurchases of 252,000 reduced equity.
- Other comprehensive income decreased equity by 2,002,583,000.
- Other factors increased equity by 1,504,073,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $886.87 Million | +0.96% |
| Dividends Paid | $1.44 Billion | -1.56% |
| Share Repurchases | $252.00K | -0.0% |
| Other Comprehensive Income | $-2.00 Billion | -2.17% |
| Other Changes | $1.50 Billion | +1.63% |
| Total Change | $- | -1.12% |
Book Value vs Market Value Analysis
This analysis compares Lufax Holding Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $26.61 | $2.28 | x |
| 2017-12-31 | $38.83 | $2.28 | x |
| 2018-12-31 | $64.87 | $2.28 | x |
| 2019-12-31 | $88.42 | $2.28 | x |
| 2020-12-31 | $147.75 | $2.28 | x |
| 2021-12-31 | $136.87 | $2.28 | x |
| 2022-12-31 | $162.44 | $2.28 | x |
| 2023-12-31 | $160.64 | $2.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lufax Holding Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.13%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.57x
- Recent ROE (0.96%) is below the historical average (19.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 28.86% | 18.44% | 0.18x | 8.73x | $3.90 Billion |
| 2018 | 38.99% | 33.52% | 0.34x | 3.38x | $10.13 Billion |
| 2019 | 27.75% | 30.46% | 0.29x | 3.11x | $8.53 Billion |
| 2020 | 15.15% | 24.23% | 0.20x | 3.05x | $4.20 Billion |
| 2021 | 18.06% | 25.85% | 0.18x | 3.87x | $7.50 Billion |
| 2022 | 9.34% | 12.60% | 0.20x | 3.75x | $-619.62 Million |
| 2023 | 0.96% | 2.13% | 0.18x | 2.57x | $-8.33 Billion |
Industry Comparison
This section compares Lufax Holding Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $42,167,772,618
- Average return on equity (ROE) among peers: 3.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lufax Holding Ltd (LU) | $86.34 Billion | 28.86% | 1.39x | $1.01 Billion |
| Accord Financial Corp (ACCFF) | $103.96 Million | 11.43% | 4.00x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $306.73 Billion | 3.47% | 2.77x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $13.28 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $47.20 Million | 1.69% | 11.77x | $1.51 Billion |
| Aiful Corp (AIFLF) | $97.47 Billion | -37.44% | 4.75x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $40.53 Million | 17.61% | 0.35x | $2.83 Million |
| Ally Financial Inc (ALLY) | $13.49 Billion | 6.88% | 11.39x | $10.34 Billion |
| Alpha Investment Inc (ALPC) | $-38.66K | 0.00% | 0.00x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $14.83 Million |