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Qifu Technology Stock

Qifu Technology P/S 2024

Qifu Technology P/S

2.62

Ticker

QFIN

ISIN

US88557W1018

WKN

A2PDLQ

As of Nov 26, 2024, Qifu Technology's P/S ratio stood at 2.62, a 24.76% change from the 2.1 P/S ratio recorded in the previous year.

The Qifu Technology P/S history

Qifu Technology Aktienanalyse

What does Qifu Technology do?

360 DigiTech Inc is a leading digital fintech company founded in China in 2016. The company offers a variety of financial products and services based on high-tech and big data analytics. The business model of 360 DigiTech Inc is based on digitizing and simplifying traditional financial services in innovative ways. Through the use of big data technology and artificial intelligence, the company provides fast, accurate, and effective financial services. The vision of 360 DigiTech is to become a leading global digital financial platform tailored to the needs of consumers and businesses. 360 DigiTech has multiple business areas, including online lending, leasing, credit cards, and payment services. The company also offers investment-related products and services. Its customers are mainly individuals and small and medium-sized enterprises seeking quick and effective solutions to their financial needs. In the lending field, 360 DigiTech Inc offers its loans through online lending platforms 360 Loan Center and 360 Finance. The company utilizes big data and AI technologies to optimize credit risks and debt management, enabling fast processing times. The leasing area encompasses a variety of products such as hire purchase, lease leasing, and operational leasing. The leasing products are tailored to a wide range of consumers and businesses looking for flexible and innovative financing solutions. 360 DigiTech also offers credit cards provided through partnerships with leading card issuers such as China UnionPay. The credit cards from 360 DigiTech are specifically designed for consumers looking for a simple and convenient way to pay for their purchases, as well as for businesses seeking an easy and effective financing option. Furthermore, 360 DigiTech operates in payment services. The company offers mobile payments and digital wallets that allow customers to conveniently manage their finances from a single location. In addition to these main business areas, 360 DigiTech also offers investment-related products and services. One of these services is Wealth Management, which is a digital asset management system. Wealth Management provides customers with a convenient way to manage and monitor their investments online. Overall, 360 DigiTech Inc has developed an innovative and successful business model based on the use of big data and AI technologies. The company offers a wide range of financial products and services that meet the needs of its customers. The goal of the company is to provide its customers with a fast, accurate, and effective solution to their financial needs and become a leading digital financial platform. Qifu Technology ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Qifu Technology's P/S Ratio

Qifu Technology's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Qifu Technology's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Qifu Technology's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Qifu Technology’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Qifu Technology stock

What is the price-to-earnings ratio of Qifu Technology?

The price-earnings ratio of Qifu Technology is currently 2.62.

How has the price-earnings ratio of Qifu Technology changed compared to last year?

The price-to-earnings ratio of Qifu Technology has increased by 24.76% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Qifu Technology high compared to other companies?

Yes, the price-to-earnings ratio of Qifu Technology is high compared to other companies.

How does an increase in the price-earnings ratio of Qifu Technology affect the company?

An increase in the price-earnings ratio of Qifu Technology would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Qifu Technology affect the company?

A decrease in the price-earnings ratio of Qifu Technology would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Qifu Technology?

Some factors that influence the price-earnings ratio of Qifu Technology are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Qifu Technology pay?

Over the past 12 months, Qifu Technology paid a dividend of 1.16 CNY . This corresponds to a dividend yield of about 0.47 %. For the coming 12 months, Qifu Technology is expected to pay a dividend of 1.4 CNY.

What is the dividend yield of Qifu Technology?

The current dividend yield of Qifu Technology is 0.47 %.

When does Qifu Technology pay dividends?

Qifu Technology pays a quarterly dividend. This is distributed in the months of May, October, May, October.

How secure is the dividend of Qifu Technology?

Qifu Technology paid dividends every year for the past 0 years.

What is the dividend of Qifu Technology?

For the upcoming 12 months, dividends amounting to 1.4 CNY are expected. This corresponds to a dividend yield of 0.57 %.

In which sector is Qifu Technology located?

Qifu Technology is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Qifu Technology kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Qifu Technology from 11/1/2024 amounting to 0.6 CNY, you needed to have the stock in your portfolio before the ex-date on 9/27/2024.

When did Qifu Technology pay the last dividend?

The last dividend was paid out on 11/1/2024.

What was the dividend of Qifu Technology in the year 2023?

In the year 2023, Qifu Technology distributed 0.82 CNY as dividends.

In which currency does Qifu Technology pay out the dividend?

The dividends of Qifu Technology are distributed in CNY.

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Andere Kennzahlen von Qifu Technology

Our stock analysis for Qifu Technology Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Qifu Technology Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.