Lufax Holding Ltd LU

FinancialsBanking ServicesChina

Last close 8.26 USD on Nov 1, 2026, −67.7% year to date

Quant rating

Quant rating D Rank 265 of 304 in Financials

Growth D 226 of 304
Valuation C 159 of 304
Quality C 150 of 304
Revisions D 238 of 304
Momentum D 289 of 304

Wall Street consensus Buy (2.33)Average target 14.85 USD +79.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,879	3,358	4,832	8,354	9,739	–
Revenue growth	15.5%	−30.5%	−42.2%	−14.2%	22.1%	−13.4%
EPS (basic, normalized)	−0.17	−0.38	0.10	1.02	9.37	–
EPS growth	–	–	−90.0%	−89.1%	36.6%	–
Gross margin	–	–	–	–	–	–
Net margin	−7.7%	−15.8%	2.4%	13.5%	27.2%	3.9%
ROE	–	–	1.0%	9.1%	19.4%	9.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	3,169
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	11,838
Net debt (mil)	11,103
Total equity (mil)	11,564
Net debt / equity	0.96x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	3,879	+15.5%	3.1x	–	–	–	−3.31	+57.0%	−2.5x
2026	4,045	+4.3%	2.9x	161.05	–	0.1x	−3.10	+6.2%	−2.7x
2027	3,880	−4.1%	3.1x	136.80	−15.1%	0.1x	1.73	+155.7%	4.8x
2028	4,127	+6.4%	2.9x	139.49	+2.0%	0.1x	3.02	+74.4%	2.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	4,045	0.0%	−4.0%	+11.7%	−3.10	−104.8%	−2,526.8%	−241.4%
2027	3,880	+4.1%	−3.0%	−4.1%	1.73	−9.4%	−33.9%	−27.7%
2028	4,127	+6.3%	−3.9%	–	3.02	−0.4%	−29.3%	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	964	822	790	–	–	–	–	–	–	–
Sales mean (mil)	–	829	846	–	–	–	–	–	–	–
Surprise	–	−0.8%	−6.6%	–	–	–	–	–	–	–
EPS reported	−0.21	−0.19	−0.16	−0.21	–	–	–	–	–	–
EPS mean	–	0.03	−0.01	–	–	–	–	–	–	–
Surprise	–	−652.3%	−2,757.1%	–	–	–	–	–	–	–

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
LU Lufax Holding Ltd	716M	–	−7.7%	–	−2.7x	4.8x	0.1x	0.1x
1288 AGRICULTURAL BANK OF CHINA LIMITED	385.7B	–	22.8%	1.47x	7.0x	6.7x	0.7x	0.6x
SOFI SoFi Technologies, Inc.	21.7B	18.7%	14.3%	0.99x	27.7x	19.0x	1.9x	1.7x
FCFS Firstcash Holdings Inc (Texas)	7.8B	–	9.0%	–	16.5x	14.2x	–	–
OMF OneMain Holdings, Inc.	6.5B	–	12.5%	–	8.5x	6.8x	1.8x	1.7x
CACC Credit Acceptance Corp	4.7B	–	18.3%	–	11.3x	11.3x	17.6x	16.5x
Mean		18.7%	11.5%	1.23x	11.4x	10.5x	4.4x	4.1x
Median		18.7%	13.4%	1.23x	9.9x	9.1x	1.8x	1.7x

Technical analysis

1M−34.4%
3M−46.4%
1Y−72.3%
3Y−52.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Lufax Holding Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	3,879	3,358	4,832	8,354	9,739	7,974
Total interest expense	–	–	–	–	–	–
Net interest income	3,879	3,358	4,832	8,354	9,739	7,974
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	–	–	–	–	–	–
Non-interest income	–	–	–	–	–	–
Non-interest expense	–	–	–	–	–	–
Net income before taxes	−82.6	−285	224	1,746	3,684	2,745
Provision for taxes	162	209	89.5	607	1,053	863
Minority interest & equity in affiliates	−55.2	−36.6	−20.2	−11.7	15.0	11.9
Other	0	0	0	0	0	0
Net income before extraordinary items	−300	−530	114	1,128	2,645	1,893
Extraordinary items	–	–	–	–	–	–
Net income	−300	−530	114	1,128	2,645	1,893
Basic weighted average shares (mil)	1,733	1,395	1,146	1,145	295	276
Diluted weighted average shares (mil)	1,733	1,395	1,146	1,145	340	282
Basic EPS excluding extraordinary items	−0.17	−0.38	0.10	0.98	8.95	6.86
Basic EPS, normalized	−0.17	−0.38	0.10	1.02	9.37	6.86

Balance sheet in millions of USD, fiscal years

Balance sheet, Lufax Holding Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	–	–	–	–	–	–
Other earning assets	–	–	–	–	–	–
Net loans	–	–	–	–	–	–
Property, plant & equipment	45.7	50.8	85.4	159	187	214
Goodwill	1,311	1,257	1,256	1,292	1,404	1,386
Intangibles	130	131	123	128	142	288
Long-term investments	6,067	3,242	3,741	5,133	6,422	6,464
Other long-term assets	3,772	2,926	2,788	4,810	5,775	4,193
Other assets	13.7	45.4	66.4	70.2	197	105
Total assets	29,760	27,884	33,022	50,885	56,742	38,144
Liabilities
Accounts payable	4,231	5,962	11,334	25,796	31,201	18,312
Payable/accrued	–	–	–	–	–	–
Accrued expenses	605	624	552	642	978	807
Total deposits	–	–	–	–	–	–
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	8,900	6,754	5,112	5,414	4,155	1,664
Long-term debt	1,152	1,136	1,211	1,977	2,897	2,772
Minority interest	316	250	220	235	237	244
Other liabilities	3,140	1,956	1,782	3,473	2,624	1,846
Total liabilities	18,344	16,682	20,210	37,538	42,093	25,645
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	3,865	3,703	4,528	4,650	5,253	5,090
Retained earnings (accumulated deficit)	8,597	8,524	9,319	9,480	9,105	6,278
Treasury stock	−807	−773	−795	−818	−875	0
Other equity	−239	−251	−241	35.3	1,166	1,131
Total equity	11,416	11,203	12,812	13,347	14,649	12,500
Total liabilities & shareholders' equity	29,760	27,884	33,022	50,885	56,742	38,144

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Lufax Holding Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	–	–	–	–	–	–
Changes in working capital	2,041	569	2,180	2,211	2,046	1,739
Cash from operations	1,784	249	1,792	718	785	1,091
Investing activities
Capital expenditures	−5.2	−9.9	−7.2	−18.8	−24.1	−31.6
Other investing cash flows	−2,350	376	−482	1,178	73.5	−2,268
Cash from investing	−2,355	366	−489	1,159	49.4	−2,299
Financing activities
Financing cash flow items	−75.5	−85.8	−123	−176	−137	−176
Cash dividends paid	–	−703	−202	−1,119	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	550	−757	−2,527	−145	−248	3,989
Cash from financing	474	−1,546	−2,853	−1,440	−385	3,812
Foreign exchange effects	−4.7	2.4	−2.9	8.3	−22.5	−79.4
Net change in cash	−101	−929	−1,552	445	427	2,525
Free cash flow	1,778	239	1,785	700	761	1,060

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.