Jiayin Group Inc.
JFINdata completeness 100%7 fiscal years on fileData notes: no data for concept 'interestExpense'
Jiayin Group Inc. earns about 65% on invested capital, far above its ~9% cost of capital, and has bought back 3% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $8.48 and $24.99 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $279.4M1 | $474.3M2 | $770M3 | $794.7M4 | $889.8M5 |
| Net income | $74.1M6 | $171M7 | $182.8M8 | $144.7M9 | $219.6M10 |
| Operating cash flow | $29M11 | $19.4M12 | $54.9M13 | $195.3M14 | $179.8M15 |
| Capital expenditure | $434,00016 | $2.53M17 | $4.44M18 | $101.3M19 | $90.8M20 |
| Free cash flow (derived) | $28.5M11 | $16.8M12 | $50.4M13 | $94M14 | $89M15 |
| Total debt | — | — | — | — | $96M21 |
| Cash & equivalents | $28.6M22 | $42.2M23 | $52.1M24 | $74.1M25 | $8.84M26 |
| Diluted shares | 216.1M | 215.3M | 214.0M | 212.4M | 208.9M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $30.35 of net worth that earned you $10.51 and generated $4.26 of cash last year, against $4.59 of debt.
It earned about 65% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is down 3% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has held roughly steady.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $8.48 and $24.99 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth20.0%
- fcfBase$89M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth20.0%
- fcfBase$89M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$171M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $5.67 |
| Base | 20.0% | $13.47 |
| Bull | 20.0% | $13.47 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 20.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 20-F · period ending 2021-12-31 · accession 0001564590-22-016852 (Revenues)
- 20-F · period ending 2022-12-31 · accession 0000950170-23-015507 (Revenues)
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- 20-F · period ending 2025-12-31 · accession 0001193125-26-183485 (Revenues)
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- 20-F · period ending 2024-12-31 · accession 0000950170-25-058942 (NetIncomeLoss)
- 20-F · period ending 2025-12-31 · accession 0001193125-26-183485 (NetIncomeLoss)
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- 20-F · period ending 2025-12-31 · accession 0001193125-26-183485 (LongTermDebtNoncurrent)
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- 20-F · period ending 2025-12-31 · accession 0001193125-26-183485 (CashAndCashEquivalentsAtCarryingValue)