X Financial Class A
X Financial, together with its subsidiaries, operates as an online personal finance company in the People's Republic of China. The company offers Xiaoying credit loans, which are online personal credit loan products comprising Xiaoying card loans and other unsecured loan products; and Xiaoying housing loans, a secured home equity loan product. It also provides guarantee, consulting, e-commerce, a… Read more
X Financial Class A (XYF) - Net Assets
Latest net assets as of September 2025: $7.93 Billion USD
Based on the latest financial reports, X Financial Class A (XYF) has net assets worth $7.93 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.69 Billion) and total liabilities ($6.76 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 | $7.93 Billion |
| % of Total Assets | 53.98% |
| Annual Growth Rate | 43.98% |
| 5-Year Change | 126.04% |
| 10-Year Change | N/A |
| Growth Volatility | 117.93 |
X Financial Class A - Net Assets Trend (2016–2024)
This chart illustrates how X Financial Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for X Financial Class A (2016–2024)
The table below shows the annual net assets of X Financial Class A from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.95 Billion | +18.92% |
| 2023-12-31 | $5.85 Billion | +23.01% |
| 2022-12-31 | $4.75 Billion | +19.52% |
| 2021-12-31 | $3.98 Billion | +29.29% |
| 2020-12-31 | $3.08 Billion | -29.56% |
| 2019-12-31 | $4.37 Billion | +24.13% |
| 2018-12-31 | $3.52 Billion | +99.26% |
| 2017-12-31 | $1.77 Billion | +368.93% |
| 2016-12-31 | $376.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to X Financial Class A'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 475778322700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.17 Billion | 60.04% |
| Common Stock | $206.79K | 0.00% |
| Other Comprehensive Income | $81.05 Million | 1.17% |
| Other Components | $2.70 Billion | 38.79% |
| Total Equity | $6.95 Billion | 100.00% |
X Financial Class A Competitors by Market Cap
The table below lists competitors of X Financial Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien
PINK:BORUF
|
$249.84 Million |
|
Holley Inc
NYSE:HLLY
|
$249.84 Million |
|
Boston Pizza Royalties Income Fund
PINK:BPZZF
|
$249.85 Million |
|
Alpha HPA Limited
F:3AU
|
$249.91 Million |
|
Jiangsu Hongdou Industrial Co Ltd
SHG:600400
|
$249.75 Million |
|
BANKWELL FINANCIAL DL-01
F:33W
|
$249.68 Million |
|
Hua Yuan Property Co Ltd
SHG:600743
|
$249.61 Million |
|
Zhengzhou Tiamaes Technology Co Ltd
SHE:300807
|
$249.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in X Financial Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,847,124,287 to 6,953,154,642, a change of 1,106,030,355 (18.9%).
- Net income of 1,539,905,765 contributed positively to equity growth.
- Dividend payments of 116,640,000 reduced retained earnings.
- Share repurchases of 182,204,000 reduced equity.
- Other comprehensive income increased equity by 11,575,379.
- Other factors decreased equity by 146,606,789.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.54 Billion | +22.15% |
| Dividends Paid | $116.64 Million | -1.68% |
| Share Repurchases | $182.20 Million | -2.62% |
| Other Comprehensive Income | $11.58 Million | +0.17% |
| Other Changes | $-146.61 Million | -2.11% |
| Total Change | $- | 18.92% |
Book Value vs Market Value Analysis
This analysis compares X Financial Class A'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: 0.04x
- 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.
- The price-to-book ratio has decreased from 0.54x to 0.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $9.39 | $5.04 | x |
| 2017-12-31 | $37.80 | $5.04 | x |
| 2018-12-31 | $69.42 | $5.04 | x |
| 2019-12-31 | $81.92 | $5.04 | x |
| 2020-12-31 | $57.43 | $5.04 | x |
| 2021-12-31 | $70.83 | $5.04 | x |
| 2022-12-31 | $88.46 | $5.04 | x |
| 2023-12-31 | $120.63 | $5.04 | x |
| 2024-12-31 | $142.21 | $5.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently X Financial Class A 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): 22.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.23%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.70x
- Recent ROE (22.15%) is above the historical average (7.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -32.10% | 0.00% | -0.02x | 4.51x | $-156.82 Million |
| 2017 | 19.31% | 33.91% | 0.26x | 2.21x | $164.04 Million |
| 2018 | 25.11% | 40.69% | 0.47x | 1.32x | $531.41 Million |
| 2019 | 17.73% | 60.56% | 0.15x | 1.90x | $337.69 Million |
| 2020 | -42.56% | 0.00% | -0.01x | 2.45x | $-1.62 Billion |
| 2021 | 20.76% | 54.59% | 0.21x | 1.85x | $427.72 Million |
| 2022 | 17.08% | 34.95% | 0.26x | 1.86x | $336.67 Million |
| 2023 | 20.30% | 36.21% | 0.28x | 1.99x | $602.08 Million |
| 2024 | 22.15% | 26.23% | 0.50x | 1.70x | $844.59 Million |
Industry Comparison
This section compares X Financial Class A'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 |
|---|---|---|---|---|
| X Financial Class A (XYF) | $7.93 Billion | -32.10% | 0.85x | $249.80 Million |
| 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 |