Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -12.0%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $958834 | $2M | $33M | $80M | $65M | $156M | $161M | $147M | $191M | — | — |
| Enterprise Value | $572M | $3.9B | $4.2B | $6.5B | $5.8B | $5.9B | $4.3B | $5.9B | $12.2B | — | — |
| P/E Ratio → | -0.01 | — | 0.86 | 0.05 | 0.05 | 2.15 | 1.32 | 0.28 | 0.22 | — | — |
| P/S Ratio | 0.01 | 0.00 | 0.02 | 0.04 | 0.04 | 0.11 | 0.09 | 0.05 | 0.04 | — | — |
| P/B Ratio | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | 0.06 | — | — |
| P/FCF | 0.08 | 0.03 | 0.04 | 0.05 | 0.08 | 0.23 | 0.14 | 0.11 | 0.15 | — | — |
| P/OCF | 0.08 | 0.03 | 0.04 | 0.05 | 0.07 | 0.23 | 0.14 | 0.11 | 0.14 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.20 | 2.64 | 3.53 | 3.13 | 4.28 | 2.32 | 1.89 | 2.84 | — | — |
| EV / EBITDA | — | — | 70.72 | 31.28 | 33.02 | 60.15 | 25.26 | 8.02 | 10.40 | — | — |
| EV / EBIT | — | — | 87.63 | 31.54 | 33.45 | 62.60 | 26.20 | 8.14 | 10.52 | — | — |
| EV / FCF | — | 49.33 | 5.65 | 4.08 | 6.96 | 8.56 | 3.82 | 4.53 | 9.24 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.0% | 87.0% | 51.8% | 54.2% | 45.7% | 65.6% | 55.9% | 46.1% | 44.5% | 49.8% | 57.6% |
| Operating Margin | -11.2% | -11.2% | 3.0% | 11.2% | 9.4% | 6.8% | 8.9% | 23.2% | 27.0% | 23.7% | 22.1% |
| Net Profit Margin | -73.1% | -73.1% | 2.4% | 9.0% | 7.3% | 4.8% | 6.3% | 17.2% | 20.1% | 15.6% | 18.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.0% | -12.0% | 0.9% | 4.1% | 3.5% | 1.7% | 3.1% | 16.1% | 35.3% | 36.1% | 21.0% |
| ROA | -3.6% | -3.6% | 0.2% | 1.1% | 0.9% | 0.5% | 0.9% | 3.3% | 4.6% | 4.1% | 3.0% |
| ROIC | -0.6% | -0.6% | 0.3% | 1.2% | 1.1% | 0.6% | 1.2% | 3.7% | 4.8% | 4.9% | 2.9% |
| ROCE | -0.9% | -0.9% | 0.6% | 1.7% | 1.2% | 0.7% | 1.4% | 5.3% | 7.8% | 7.3% | 3.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.18 | 1.18 | 1.47 | 2.23 | 2.00 | 2.12 | 1.65 | 2.10 | 5.03 | 8.58 | 5.64 |
| Debt / EBITDA | — | — | 99.53 | 43.19 | 45.01 | 83.03 | 36.61 | 10.33 | 13.09 | 19.17 | 21.41 |
| Net Debt / Equity | — | 1.08 | 1.03 | 1.60 | 1.45 | 1.50 | 1.10 | 1.59 | 3.94 | 7.85 | 5.38 |
| Net Debt / EBITDA | — | — | 70.18 | 30.89 | 32.65 | 58.56 | 24.31 | 7.82 | 10.23 | 17.53 | 20.44 |
| Debt / FCF | — | 49.30 | 5.60 | 4.03 | 6.88 | 8.33 | 3.68 | 4.42 | 9.09 | 11.34 | 16.52 |
| Interest Coverage | -0.14 | -0.14 | 0.06 | 0.28 | 0.22 | 0.12 | 0.22 | 0.55 | 0.60 | 0.57 | 0.65 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.46 | 0.46 | 0.25 | 0.50 | 16.52 | 41.39 | 4.49 | 2.63 | 0.95 | 0.49 | 1.81 |
| Quick Ratio | 0.46 | 0.46 | 0.25 | 0.50 | 16.52 | 41.39 | 4.49 | 2.63 | 0.95 | 0.49 | 1.81 |
| Cash Ratio | 0.10 | 0.10 | 0.25 | 0.36 | 12.83 | 26.14 | 3.68 | 1.88 | 0.78 | 0.37 | 1.30 |
| Asset Turnover | — | 0.06 | 0.11 | 0.11 | 0.13 | 0.10 | 0.15 | 0.24 | 0.22 | 0.19 | 0.17 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 115.8% | 1982.0% | 2105.3% | 46.6% | 76.0% | 360.0% | 450.1% | — | — |
| FCF Yield | 100.0% | 3792.4% | 2300.1% | 1982.9% | 1270.4% | 440.7% | 695.4% | 882.1% | 688.6% | — | — |
| Buyback Yield | 26.6% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 26.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $342910 | $3M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M |
Collateral Liquidity and Solvency
According to recent market data, CNF trades at a P/S of 0.01 and a negative P/E, suggesting that investors are pricing the firm as a distressed entity rather than a growth-oriented fintech, with forward multiples failing to account for the persistent erosion of the underlying loan book.
The extremely low P/S ratio indicates that the market assigns almost no value to the company's revenue-generating capabilities, likely due to the severe contraction in loan originations. Investors should monitor whether the forward P/E of 4.03 is a realistic expectation or merely a reflection of overly optimistic assumptions regarding the stabilization of the Chinese residential property market.
As reported in financial statements, the company's net margin has deteriorated to -45.8% in 2025Q2, illustrating that the high fixed-cost structure of the 63-branch network is no longer supported by the current volume of interest income and service fees generated from the MSE mortgage portfolio.
While gross margins appear high at 100% in recent quarters, this likely reflects accounting reclassifications rather than true operational efficiency, as the firm struggles to cover its overhead. The shift from positive net margins in 2023 to deep losses suggests that the business model is fundamentally impaired by the inability to scale down costs in line with revenue declines.
Based on reported figures, ROIC has stagnated near 0.1% as of 2025Q2, a sharp decline from historical levels, indicating that the firm is failing to generate meaningful returns on its invested capital as the core mortgage-backed lending business faces structural headwinds in the Pearl River Delta.
The inability to maintain positive returns on capital suggests that the company's specialized appraisal and legal network is currently a cost burden rather than a competitive advantage. This trend warrants further investigation into whether the firm can pivot its capital allocation strategy before the existing asset base is fully eroded by credit losses.
According to recent balance sheet disclosures, the current ratio has plummeted to 0.41 as of 2025Q2, signaling that the firm's short-term assets are increasingly insufficient to cover immediate liabilities, which may severely limit its operational flexibility and ability to navigate further market shocks in the Chinese property sector.
The rapid decline in the current ratio from over 7.0 in early 2023 to current levels suggests a significant deterioration in the firm's ability to meet short-term obligations. Investors should monitor the company's reliance on trust funding, as any further tightening in credit availability could exacerbate this liquidity crunch.
The most commonly misapplied ratio for CNF is the P/E multiple, which obscures the firm's reality as a distressed property workout specialist rather than a high-growth fintech, leading analysts to potentially underestimate the terminal risk associated with the liquidation of residential collateral in a down market.
Using standard fintech valuation multiples ignores the fact that CNF's earnings are heavily influenced by non-cash impairment charges and the illiquidity of its underlying collateral. A more appropriate approach would be to analyze the firm's Price-to-Tangible-Book-Value, adjusted for the realistic recovery value of its property-backed loan portfolio, rather than relying on earnings-based metrics that are currently distorted by massive losses.
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying CNF stock.
CNFinance Holdings Limited's current P/E ratio is -0.0x. The historical average is 0.7x.
CNFinance Holdings Limited's return on equity (ROE) is -12.0%. The historical average is 11.0%.
Based on historical data, CNFinance Holdings Limited is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
CNFinance Holdings Limited has 87.0% gross margin and -11.2% operating margin.