Qudian (QD)

[finesand]

Qudian Inc. (QD) – 2Q18 Earnings Call Notes

https://finesand.wordpress.com/2018/08/24/qudian-inc-qd-2q18-earnings-call/

Initial Conclusion

- Company is Profitable and Growing Fast!
- At P/E ~4.4 $6/sh and even lower forward P/E this stock is grossly undervalued
- Even performing Lending as a Service (SaaS) to 3rd party off-balance-sheet banks
- Utilizing Big Data user collection and AI for themselves plus as-a-service
- Stock is under heavy short attack 48% SI
- Latest non-renewal of Alipay ‘client sponsoring’ is misinterpreted
– Enough existing clients and new additions, more than they can serve
– Less costs
– Unique Branding
– Continuous cooperation with Alipay (Data analysis, etc)
- No P2P liquidity issues, which caused havoc lately in China
…. (more to come)

Amazing how this stock got destroyed over the last months, mostly over the China P2P disaster. I followed this one since its IPO more or less and was expecting a disaster 2Q18 result, it is Friday after all ??
But after reading I realized that they simply made it, excellent profitable and growing business.