CNFinance Holdings Limited

AI-generated fair value estimate for this company.

Method: Adjusted net asset value: FY2025 total shareholders' equity of $524.46M divided by 16.86M ADS = $31.10 book value per ADS, haircut 85% (0.15x multiplier) for expected further loan-loss impairment and collection risk on its China home-equity loan book.

Reasoning: CNFinance's earnings are dominated by loan-loss provisioning (FY2025 net loss of $68.9M-$122M depending on the period measured) rather than a stable cash flow stream, so a DCF is not meaningful; book value, after a heavy haircut for credit and China-enforcement risk, is the most defensible intrinsic-value proxy, consistent with the roughly 0.06x price-to-book the market currently assigns.