Xinyi Glass Holdings Limited

DB:XI9 Stock Report

Market Cap: €3.9b

Xinyi Glass Holdings Valuation

Is XI9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of XI9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: XI9 (€0.87) is trading below our estimate of fair value (€2.62)

Significantly Below Fair Value: XI9 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for XI9?

Key metric: As XI9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for XI9. This is calculated by dividing XI9's market cap by their current earnings.
What is XI9's PE Ratio?
PE Ratio5.3x
EarningsHK$5.95b
Market CapHK$31.59b

Price to Earnings Ratio vs Peers

How does XI9's PE Ratio compare to its peers?

The above table shows the PE ratio for XI9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.5x
VIB3 Villeroy & Boch
14.2x43.5%€401.8m
ST5 STEICO
9.3x-7.2%€256.9m
WUG Westag
24.3xn/a€117.9m
TSS InnoTec TSS
10.1xn/a€58.9m
XI9 Xinyi Glass Holdings
5.3x-1.8%€31.6b

Price-To-Earnings vs Peers: XI9 is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (14.5x).

Price to Earnings Ratio vs Industry

How does XI9's PE Ratio compare vs other companies in the European Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XI9 5.3xIndustry Avg. 20.6xNo. of Companies10PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XI9 is good value based on its Price-To-Earnings Ratio (5.3x) compared to the European Building industry average (20.6x).

Price to Earnings Ratio vs Fair Ratio

What is XI9's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

XI9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: XI9 is good value based on its Price-To-Earnings Ratio (5.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst XI9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.87
€1.32
+51.2%
28.2%€2.33€0.83n/a11
Dec ’25€0.96
€1.27
+32.6%
25.7%€2.19€0.78n/a11
Nov ’25€1.01
€1.27
+25.9%
25.7%€2.19€0.78n/a11
Oct ’25€1.03
€1.21
+17.5%
26.7%€2.14€0.76n/a11
Sep ’25€0.80
€1.23
+54.4%
24.0%€2.14€0.90n/a12
Aug ’25€0.94
€1.32
+40.4%
23.6%€2.21€0.92n/a11
Jul ’25€0.99
€1.36
+38.1%
23.9%€2.22€0.93n/a11
Jun ’25€1.10
€1.34
+22.1%
24.6%€2.21€0.93n/a11
May ’25€0.96
€1.30
+35.5%
27.8%€2.19€0.71n/a11
Apr ’25€0.93
€1.30
+40.1%
28.1%€2.20€0.71n/a11
Mar ’25€0.90
€1.33
+47.6%
31.3%€2.19€0.71n/a11
Feb ’25€0.71
€1.59
+123.4%
27.6%€2.19€0.61n/a12
Jan ’25€0.96
€1.67
+74.3%
18.9%€2.16€1.06€0.9812
Dec ’24€0.97
€1.78
+82.7%
15.4%€2.25€1.39€0.9612
Nov ’24€1.03
€1.78
+73.3%
15.4%€2.25€1.39€1.0112
Oct ’24€1.18
€1.83
+55.5%
19.3%€2.66€1.38€1.0313
Sep ’24€1.31
€1.91
+45.3%
24.3%€3.15€1.34€0.8014
Aug ’24€1.38
€1.94
+40.9%
26.8%€3.17€1.11€0.9413
Jul ’24€1.39
€2.05
+47.0%
24.6%€3.17€1.12€0.9913
Jun ’24€1.34
€2.15
+60.5%
22.7%€3.22€1.13€1.1014
May ’24€1.59
€2.11
+32.4%
23.4%€3.20€1.12€0.9614
Apr ’24€1.61
€2.11
+30.9%
23.4%€3.20€1.12€0.9314
Mar ’24€1.75
€2.17
+23.9%
22.4%€3.24€1.14€0.9016
Feb ’24€1.95
€2.20
+12.5%
23.1%€3.19€1.06€0.7116
Jan ’24€1.71
€2.25
+31.3%
22.6%€3.28€1.44€0.9616

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 08:07
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Xinyi Glass Holdings Limited is covered by 30 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derrick SunBNP Paribas Securities (Asia)
Xinyuan LiBOCI Research Ltd.
Yanlin ZhaoBofA Global Research