FINV - FinVolution Remains A Long-Term Bullish Play
2024-02-07 23:59:14 ET
Summary
- FinVolution Group's earnings fell in fiscal 2022, but the company is expected to return to growth in fiscal 2023.
- The company's earnings yield and return on capital point to a strong investment case.
- The technicals of FINV stock have not been responding, but improvements in operations and international markets could lead to significant gains.
Intro
We wrote about FinVolution Group ( FINV ) in July of last year when we went through the key financial trends & metrics that make up the company's dividend . In the company's short history, management has rewarded shareholders well through both an above-average dividend (encompassing strong growth levels) as well as significant share buybacks. Although earnings fell by approximately $0.20 per share in fiscal 2022, FinVolution's well-covered dividend, strong balance sheet, and expectation of a return to growth in fiscal 2023 led us to reiterate our bullish stance in FINV at the time....
FinVolution Remains A Long-Term Bullish Play