Added to YB: 2024-06-17
Pitch date: 2024-06-17
LU [bearish]
Lufax Holding Ltd
-12.71%
current return
Author Info
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Company Info
Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China.
Market Cap
$22.2B
Pitch Price
$2.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.13
P/E
-4.72
EV/Sales
0.42
Sector
Consumer Finance
Category
special_situation
Closing Lufax
LU: Lufax mgmt altered convertible debt terms, allowing Ping An notes to convert at $2.32/share vs prior $12.76, potentially increasing shares outstanding to 1B+. Even if Lufax earns $550M by 2026, stock at nearly 5x those uncertain earnings. Exited position for ~40% return.
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