Company Quick10K Filing
PPDAI Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 1,600 $5,855
20-F 2019-04-25 Annual: 2018-12-31
20-F 2018-04-27 Annual: 2017-12-31

PPDAI Group Financials

PPDF Metrics, Comps, Filings

Annual | Quarterly

Business

We commenced our online consumer finance marketplace business in June 2007 through Shanghai Daifeng. In January 2011, we relocated to Zhangjiang Hi-Tech Park in Pudong, Shanghai and starting then, our business operations gradually migrated from Shanghai Daifeng to another operating entity located in Zhangjiang Hi-Tech Park, Shanghai Xiazhong Information Technology Co., Ltd., which later changed its name to Shanghai PPDai Financial Information Service Co., Ltd.

During the period between June and August 2012, we formed our offshore corporate structure to facilitate offshore financing. In June 2012, we incorporated PPDAI Group Inc. under the laws of the Cayman Islands as our holding company and incorporated PPDAI (HK) LIMITED, or PPDAI Hong Kong, as its wholly-owned subsidiary. In August 2012, Beijing Prosper Investment Consulting Co., Ltd., or Beijing Prosper, was incorporated as a wholly-owned PRC subsidiary of PPDAI Hong Kong, through which we obtained control over Shanghai PPDai and Beijing Paipairongxin Investment Consulting Co., Ltd., or Beijing Paipairongxin, a company incorporated in June 2012, based on two separate sets of contractual arrangements, including the equity pledge agreements, the business operation agreements, the power of attorneys, the option agreements, and the exclusive technology consulting and service agreements. In July 2014, following a restructuring, Shanghai PPDai became a wholly-owned subsidiary of Beijing Paipairongxin. We then subsequently terminated our contractual arrangements with Shanghai PPDai and its shareholders, and entered into an amended and restated exclusive technology consulting and service agreement with Shanghai PPDai and Beijing Paipairongxin.

In August 2015, we established Wuxi PPDai Financial Information Service Co., Ltd. to provide customer services. In January 2016, we established Shanghai Paifenle Internet Technology Co., Ltd. to operate business related to our consumption loan products. In December 2016, we established Hefei PPDai Information Technology Co., Ltd. as another entity to provide customer services with a focus on loan collection.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Credit Acceptance (CACC) 9,025 0% 8.6 9% 6,908 4,693 1,399 0 632 1,006 8,677
Santander Consumer USA (SC) 8,271 1.4 2% 46,416 39,079 0 0 952 4,363 5,899
LendingTree (TREE) 6,270 94% -409.7 0% 981 607 941 882 0 -17 6,847
PPDAI Group (PPDF) 5,855 0% 13,142 7,157 0 0 0 0 561
Dun & Bradstreet (DNB) 5,302 0% 13.9 12% 1,931 2,662 1,792 0 238 461 6,392
360 Finance (QFIN) 4,528 0% 7,350 2,910 0 0 0 0 2,514
OneMain (OMF) 4,523 16.5 3% 21,017 16,876 0 0 662 1,167 19,220
Sallie Mae (SLM) 4,056 3.4 2% 29,585 26,488 0 0 560 1,408 4,779
Green Dot (GDOT) 3,214 0% 11.2 5% 2,502 1,580 1,087 0 118 189 2,113
LexinFintech (LX) 2,808 0% 12,471 8,364 0 0 0 0 469
Nelnet (NNI) 2,651 1.6 1% 24,220 21,893 0 0 131 1,030 1,598
PennyMac Financial Services (PFSI) 1,747 0% 3.3 3% 8,398 6,619 752 0 228 456 1,515
Wins Finance (WINS) 1,587 0% 309 35 0 0 0 0 1,545
Walker & Dunlop (WD) 1,580 0% 4.1 6% 2,994 2,030 787 0 170 367 1,486
World Acceptance (WRLD) 1,504 0% 12.1 6% 1,041 491 560 0 67 123 1,495
Blucora (BCOR) 1,461 53% 17.5 5% 1,236 530 616 328 63 99 1,734
Yirendai (YRD) 1,293 0% 7,519 2,398 0 0 0 0 -646
PRA Group (PRAA) 1,221 0% 4.3 2% 4,165 3,010 729 0 67 258 1,116
Enova (ENVA) 771 48% 13.3 6% 1,383 977 1,185 567 84 111 1,468
Curo Group Holdings (CURO) 722 53% 15.0 -1% 1,085 1,028 641 338 -7 91 1,364

Balance Sheet ($MM)2017-12-312018-12-31
Cash368535
Accounts Receivable3118
Inventory
PP&E1721
Assets1,3221,911
Accounts Payable
Long-Term Debt
Liabilities7561,041
Stockholders' Equity557862
Income Statement ($MM)2017-12-312018-12-31
Revenue599624
Cost of Revenue
Gross Profit
R&D
SG&A212205
Tax4222
Net Income166359
Cash Flow ($MM)2017-12-312018-12-31
Cash Operating287274
Cash Investing-384-210
Cash Financing32877