CNF CNFinance Holdings Limited American Depositary Shares, each representing two hundred (200) Ordinary Shares
NYSE · Financial Services · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 30, 2026
$1.93
· of 52w range
· above low
· to high
$1.7452w low
$6.4952w high
P/E
-17.8
EPS
$-0.34
your badges
52W Range
$2–$6
Analyst Rating
BUY
Price Target
·
P/E
-17.8
ROE
-12.3%
Net Profit Margin
-421.3%
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CNF Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.93
P/E
-17.8
EPS
$-0.34
ROE
-12.3%
52W Range
$2–$6
CNF Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 5, 2025 | 1-for-10 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
EPS$-0.342017-12-31 → 2025-12-31
Free Cash Flow$81M2019-12-31 → 2025-12-31
Net margin-421.3%2019-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | CNF | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -17.85Y avg ≈301.3 | ≈301.3 | · | · | |
| Price / Tangible Book | 3.25Y avg ≈7.9 | ≈7.9 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | CNF | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin | -163.7%5Y avg ≈-85.8% | ≈-85.8% | · | · | |
| EBITDA Margin | -163.7%5Y avg ≈-85.8% | ≈-85.8% | · | · | |
| Pretax Margin | -523.1%5Y avg ≈-93.7% | ≈-93.7% | · | · | |
| Net Profit Margin | -421.3%5Y avg ≈-75.8% | ≈-75.8% | · | · | |
| ROA | -3.7%5Y avg ≈-0.20% | ≈-0.20% | · | · | |
| ROE | -12.3%5Y avg ≈-0.39% | ≈-0.39% | · | · | |
| ROIC | -4.1%5Y avg ≈-3.2% | ≈-3.2% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | CNF | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.1 | ≈0.1 | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
1242.8%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Dec. 31, 2023 | $2.60 | $0.40 | 543.6% | |
| Sept. 30, 2023 | $7.10 | $0.61 | 1071.6% | |
| June 30, 2023 | $5.70 | $0.40 | 1310.9% | |
| March 31, 2023 | $6.50 | $0.30 | 2045.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $4M | $1M | $2M | $760.5K | $2M | $10M | $2M | $1M | |
| Operating Expenses | $67M | $187M | $122M | $86M | $101M | $124M | $183M | $114M | |
| Operating Income | $-183M | $-400M | $-381M | $-339M | $-381M | · | · | · | |
| Interest Expense | · | · | · | · | $776M | $731M | $1.31B | $1.94B | |
| Interest Income | $576M | $1.54B | $1.75B | $1.73B | $1.82B | $1.85B | $2.97B | $4.29B | |
| Pretax Income | $-584M | $48M | $206M | $173M | $94M | $163M | $721M | $1.16B | |
| Income Tax | $-114M | $11M | $41M | $37M | $29M | $48M | $186M | $297M | |
| Net Income | $-470M | $38M | $165M | $135M | $65M | $115M | $535M | $861M | |
| EPS (Basic) | $-0.34 | $0.03 | $0.12 | $0.10 | $0.05 | $0.08 | $0.39 | $0.69 | |
| EPS (Diluted) | $-0.34 | $0.03 | $0.11 | $0.09 | $0.05 | $0.08 | $0.36 | $0.62 | |
| Shares (Basic) | 1,371,643,240 | 1,371,643,240 | 1,371,643,240 | 1,371,643,240 | 1,371,643,240 | 1,371,643,240 | 1,371,643,240 | 1,251,608,224 | |
| Shares (Diluted) | 1,371,643,240 | 1,282,775,813 | 1,445,897,438 | 1,527,097,111 | 1,525,890,071 | 1,525,232,365 | 1,467,786,387 | 1,389,335,769 | |
| EBITDA | $-183M | $-400M | $-381M | · | · | · | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $338M | $1.17B | $2.00B | $1.77B | $2.23B | $1.96B | $1.71B | $3.16B | |
| Short-term Investments | $28M | $39M | $146M | $244M | $709M | $298M | · | · | |
| Inventory | · | · | $1.75B | $1.73B | $1.82B | $1.85B | · | · | |
| PP&E (Net) | $178M | $187M | $8M | $2M | $3M | $5M | $9M | $19M | |
| Accum. Depreciation | $33M | $29M | $32M | $35M | $34M | $34M | $36M | $31M | |
| Intangibles | · | · | $3M | $3M | $4M | $3M | $4M | $4M | |
| Total Assets | $10.25B | $15.03B | $16.36B | $14.48B | $14.39B | $12.23B | $13.03B | $19.35B | |
| Accrued Liabilities | $1M | $12M | $7M | $16M | $6M | $8M | · | · | |
| Short-term Debt | · | $5.93B | $8.24B | $7.73B | $8.04B | · | · | · | |
| Capital Leases | $259.5K | $86.5K | · | $246.1K | · | · | · | · | |
| Deferred Tax | $81M | $73M | $73M | $74M | $152M | $397M | $359M | $1M | |
| Other Non-current Liabilities | $120M | $430M | $233M | $144M | $125M | $126M | · | · | |
| Total Liabilities | $6.67B | $10.97B | $12.36B | $10.54B | $10.57B | $8.49B | $9.43B | $16.31B | |
| Long-term Debt | $205M | $549M | $1.78B | $1.99B | · | · | · | · | |
| Total Debt | · | $5.93B | $8.24B | $7.73B | · | · | · | · | |
| Common Stock | · | $916.7K | $916.7K | $916.7K | $916.7K | $916.7K | $916.7K | $916.7K | |
| Paid-in Capital | $1.05B | $1.05B | $1.03B | $1.02B | $1.02B | $1000M | $938M | · | |
| Retained Earnings | $2.67B | $3.14B | $3.10B | $2.96B | $2.82B | $2.76B | $2.66B | $2.13B | |
| Treasury Stock | $125M | $123M | $118M | $88M | · | · | · | · | |
| AOCI | $-14M | $-9M | $-9M | $-10M | $-25M | $-18M | $-2M | $-5M | |
| Stockholders' Equity | $3.58B | $4.06B | $4.01B | $3.89B | $3.82B | $3.74B | $3.60B | $3.05B | |
| Liabilities + Equity | $10.25B | $15.03B | $16.36B | $14.48B | $14.39B | $12.23B | $13.03B | $19.35B | |
| Shares Outstanding | · | 1,559,576,960 | 1,559,576,960 | 1,559,576,960 | 1,371,643,240 | 1,371,643,240 | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| D&A | $16M | $12M | $2M | $2M | $4M | $6M | $11M | $13M | |
| Stock-based Comp | · | $15M | $8M | $6M | $19M | $62M | $16M | $40M | |
| Deferred Tax | $-180M | $-38M | $-16M | $-134M | $-190M | $-94M | $4M | $-105M | |
| Operating Cash Flow | $84M | $757M | $1.71B | $919M | $690M | $1.12B | $1.30B | $1.32B | |
| CapEx | $4M | $8M | $115M | $90M | $4M | $3M | $4M | $15M | |
| Investing Cash Flow | $3.27B | $-264M | $-2.48B | $-1.10B | $-2.35B | $524M | $4.94B | $649M | |
| Stock Repurchased | $2M | $5M | $31M | $88M | · | · | · | · | |
| Net Stock Activity | $-2M | $-5M | $-31M | · | · | · | · | · | |
| Financing Cash Flow | $-4.19B | $-1.33B | $1.01B | $-288M | $1.93B | $-1.37B | $-7.70B | $-3M | |
| Net Change in Cash | · | · | · | $-467M | $272M | $276M | $-1.46B | $1.97B | |
| Free Cash Flow | $81M | $749M | $1.59B | $829M | $686M | $1.12B | $1.29B | · | |
| Levered FCF | · | · | · | · | $147M | $600M | $323M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -163.7% | -56.4% | -37.2% | · | · | · | · | · | |
| Net Margin | -421.3% | 5.3% | 16.1% | 14.3% | 6.5% | 10.3% | 29.9% | · | |
| Pretax Margin | -523.1% | 6.8% | 20.1% | 18.2% | 9.3% | 14.6% | 40.3% | · | |
| EBITDA Margin | -163.7% | -56.4% | -37.2% | · | · | · | · | · | |
| ROA | -3.7% | 0.24% | 1.1% | 0.94% | 0.49% | 0.91% | 3.3% | · | |
| ROE | -12.3% | 0.94% | 4.2% | 3.5% | 1.7% | 3.1% | 16.1% | · | |
| ROIC | -4.1% | -3.1% | -2.5% | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | 1.5 | 2.1 | 2.0 | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $2.96 | $2.92 | $2.83 | $2.78 | · | · | · | |
| Revenue / Share | $0.08 | $0.55 | $0.71 | $0.62 | $0.70 | $0.73 | $1.22 | · | |
| Cash Flow / Share | $0.06 | $0.59 | $1.18 | $0.60 | $0.48 | $0.73 | $0.89 | · | |
| Cash / Share | · | $0.85 | $1.46 | $1.29 | $1.63 | · | · | · | |
| EPS (TTM) | $-0.34 | $0.03 | $0.11 | $0.09 | $0.05 | $0.08 | $0.36 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $112M | $709M | $1.03B | $1.01B | $602M | $1.12B | $1.79B | · | |
| Net Income TTM | $-470M | $38M | $165M | $135M | $65M | $115M | $535M | · | |
| Market Cap | · | $13.03B | $30.45B | $23.46B | $55.96B | · | · | · | |
| Enterprise Value | · | $17.75B | $36.55B | $29.20B | · | · | · | · | |
| P/E | -17.8 | 316.7 | 201.8 | 190.0 | 816.0 | 526.2 | 111.1 | · | |
| P/S | · | 18.4 | 29.7 | 23.2 | 93.0 | · | · | · | |
| P/B | · | 3.2 | 7.6 | 6.0 | 14.7 | · | · | · | |
| P / Tangible Book | · | 3.2 | 7.6 | 6.0 | 14.7 | · | · | · | |
| P / Cash Flow | · | 17.2 | 17.9 | 25.5 | 81.1 | · | · | · | |
| P / FCF | · | 17.4 | 19.1 | 28.3 | 81.6 | · | · | · | |
| EV / EBITDA | · | -44.4 | -95.8 | · | · | · | · | · | |
| EV / FCF | · | 23.7 | 23.0 | 35.2 | · | · | · | · | |
| EV / Revenue | · | 25.0 | 35.6 | 28.8 | · | · | · | · | |
| Earnings Yield | -5.6% | 0.32% | 0.50% | 0.53% | 0.12% | 0.19% | 0.90% | · |
Per Share
| Metric | Trend | Q4 2019 | Q4 2018 |
|---|---|---|---|
| EPS (TTM) | $0.36 | $0.62 |
Valuation (TTM)
| Metric | Trend | Q4 2019 | Q4 2018 |
|---|---|---|---|
| Revenue TTM | $1.79B | $2.34B | |
| Net Income TTM | $535M | $861M | |
| P/E | 111.1 | 88.9 | |
| Earnings Yield | 0.90% | 1.1% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Operating Margin % | -163.7% | -56.4% | -37.2% | · | · |
| Net Income | $-470M | $38M | $165M | $135M | $65M |
| Diluted EPS | $-0.34 | $0.03 | $0.11 | $0.09 | $0.05 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | 1.5 | 2.1 | 2.0 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $81M | $749M | $1.59B | $829M | $686M |
Institutional owners (13F) 10 filers · $2.1M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
10
Value held
$2.1M
New positions
0
Exited positions
1
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 0 (0 vs prior Q) | 1 (-2 vs prior Q) | 3 (+2 vs prior Q) | 0 (-2 vs prior Q) | +46K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| GAGNON SECURITIES LLC | $920,596 | 332,345 | 44.46% | Shares |
| Paloma Partners Management Co | $845,783 | 305,337 | 40.84% | Shares |
| Gagnon Advisors, LLC | $299,207 | 108,017 | 14.45% | Shares |
| MORGAN STANLEY | $3,795 | 1,370 | 0.18% | Shares |
| JPMORGAN CHASE & CO | $704 | 259 | 0.03% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $316 | 114 | 0.02% | Shares |
| UBS Group AG | $161 | 58 | 0.01% | Shares |
| OSAIC HOLDINGS, INC. | $116 | 42 | 0.01% | Shares |
| Morton Brown Family Wealth, LLC | $69 | 25 | 0.00% | Shares |
| Byrne Asset Management LLC | $3 | 1 | 0.00% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Kylin Investment Holdings Limited, Bin Zhai | May 11, 2026 | 66.95% | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
CNF Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 5 analysts
BUY
1 20.0%
Strong Buy
3 60.0%
Buy
1 20.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
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Source: SEC 20-F filed Apr 30, 2026