Weidai Ltd.
Weidai Ltd., through its subsidiaries, engages in the online finance marketplace business in the People's Republic of China. Its platform serves as the intermediary for borrowers primarily small and micro enterprise owners and provides them with accessible credit. The company also offers auto-backed loans; other secured loans, including home equity and construction machinery loans; and unsecured … Read more
Weidai Ltd. (WEIDY) - Net Assets
Latest net assets as of March 2022: $435.31 Million USD
Based on the latest financial reports, Weidai Ltd. (WEIDY) has net assets worth $435.31 Million USD as of March 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.20 Billion) and total liabilities ($764.36 Million). 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 | $435.31 Million |
| % of Total Assets | 36.29% |
| Annual Growth Rate | -9.96% |
| 5-Year Change | -62.99% |
| 10-Year Change | N/A |
| Growth Volatility | 58.59 |
Weidai Ltd. - Net Assets Trend (2016–2021)
This chart illustrates how Weidai 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 Weidai Ltd. (2016–2021)
The table below shows the annual net assets of Weidai Ltd. from 2016 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $435.31 Million | -72.26% |
| 2020-12-31 | $1.57 Billion | -31.11% |
| 2019-12-31 | $2.28 Billion | +2.73% |
| 2018-12-31 | $2.22 Billion | +88.53% |
| 2017-12-31 | $1.18 Billion | +59.90% |
| 2016-12-31 | $735.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Weidai 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 decreased by 69114700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.00K | 0.00% |
| Other Comprehensive Income | $-2.51 Million | -0.58% |
| Other Components | $1.25 Billion | 288.05% |
| Total Equity | $434.68 Million | 100.00% |
Weidai Ltd. Competitors by Market Cap
The table below lists competitors of Weidai Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
React Group PLC
LSE:REAT
|
$1.41K |
|
Sab Events & Governance Now Media Limited
NSE:SABEVENTS
|
$1.41K |
|
Zinc Media Group
LSE:ZIN
|
$1.41K |
|
Galileo Tech Ltd
TA:GLTC
|
$1.41K |
|
PACIFIC TEXTILES
MU:WHE
|
$1.41K |
|
Complete Fin Solu
PINK:CFSU
|
$1.41K |
|
Namib Minerals Warrants
NASDAQ:NAMMW
|
$1.41K |
|
ELEXXION
BE:E8X
|
$1.40K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Weidai Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 1,565,086,000 to 434,678,000, a change of -1,130,408,000 (-72.2%).
- Net loss of 1,144,044,000 reduced equity.
- Other factors increased equity by 13,636,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.14 Billion | -263.19% |
| Other Changes | $13.64 Million | +3.14% |
| Total Change | $- | -72.23% |
Book Value vs Market Value Analysis
This analysis compares Weidai 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: 0.00x
- 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 | $56.00 | $0.00 | x |
| 2017-12-31 | $89.79 | $0.00 | x |
| 2018-12-31 | $216.73 | $0.00 | x |
| 2019-12-31 | $161.22 | $0.00 | x |
| 2020-12-31 | $111.06 | $0.00 | x |
| 2021-12-31 | $30.85 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Weidai 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): -263.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -161.10%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.76x
- Recent ROE (-263.19%) is below the historical average (-31.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 39.68% | 16.46% | 0.84x | 2.87x | $217.68 Million |
| 2017 | 40.37% | 13.33% | 0.57x | 5.33x | $357.21 Million |
| 2018 | 27.24% | 15.29% | 0.62x | 2.86x | $380.75 Million |
| 2019 | 11.16% | 7.52% | 0.67x | 2.21x | $26.45 Million |
| 2020 | -45.64% | -46.40% | 0.58x | 1.70x | $-870.85 Million |
| 2021 | -263.19% | -161.10% | 0.59x | 2.76x | $-1.19 Billion |
Industry Comparison
This section compares Weidai 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 |
|---|---|---|---|---|
| Weidai Ltd. (WEIDY) | $435.31 Million | 39.68% | 1.76x | $1.41K |
| 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 |