FinVolution Group (FINV) intrinsic value & 10-year financials
FinVolution Group (FINV) has a Graham intrinsic value of $24.58 per share. At $2.88 on Oct 27, 2026, the stock trades 88% below that value. Over the last 10 fiscal years revenue grew 30.8% a year to $13.6B, with an average return on invested capital of 23.5%.
- Graham intrinsic value
- $24.58
- Share price (Oct 27, 2026)
- $2.88
- Price vs Graham value
- 88% below
- Market cap
- $3.8B
- Revenue (FY2025)
- $13.6B
- Revenue growth (10-yr CAGR)
- 30.8%
- ROIC (10-yr avg)
- 23.5%
- Free cash flow (FY2025)
- $1.8B
FINV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $13.6B | $2.5B | $1.92 | $1.8B | — | 22.1% |
| FY2024 | $13.1B | $2.4B | $1.81 | $2.9B | — | 24.6% |
| FY2023 | $12.5B | $2.3B | $1.67 | $875.3M | — | 26.4% |
| FY2022 | $11.1B | $2.3B | $1.56 | $216.1M | — | 29.9% |
| FY2021 | $9.5B | $2.5B | $1.69 | $575.0M | — | 41.7% |
| FY2020 | $7.6B | $2.0B | $1.32 | $2.2B | — | 33.7% |
| FY2019 | $6.0B | $2.4B | $1.53 | -$264.2M | — | 46.2% |
| FY2018 | $4.3B | $2.5B | $1.54 | $1.8B | — | 57.0% |
| FY2017 | $3.9B | $1.1B | -$1.28 | $3.3B | — | 68.0% |
| FY2016 | $1.2B | $501.5M | -$0.05 | $1.1B | — | -114.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FinVolution Group is a consistent compounder, expanding top-line revenue at 30.8% annually over the past decade.
FinVolution Group has earned high returns on invested capital, averaging 35.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
FinVolution Group has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, FinVolution Group is modeled at 3.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $24.58 per share.