How does 13X's PE Ratio compare to its peers?

13X is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (14x).

How does 13X's PE Ratio compare vs other companies in the European Semiconductor Industry?

13X is good value based on its Price-To-Earnings Ratio (6.5x) compared to the European Semiconductor industry average (15x).

What is 13X'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.

13X is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

What is the Fair Price of 13X when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

13X (€0.4) is trading above our estimate of [[fair value]] (€0.38)

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

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

Xinyi Solar Holdings (DB:13X) - Stock Price, News & Analysis

13X Stock Overview

An investment holding company, produces and sells solar glass products in the People’s Republic of China, rest of Asia, North America, Europe, and internationally.

About the company

13X fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	5/6
Financial Health	6/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (6.5x) is below the German market (15.4x)

Earnings are forecast to grow 9.02% per year

Earnings grew by 43.9% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Highly volatile share price over the past 3 months compared to the German market

Dividend of 7.35% is not well covered by free cash flows

Xinyi Solar Holdings Limited Competitors

AIXTRON

XTRA:AIXA

€1.5b

Siltronic

XTRA:WAF

€1.6b

SÜSS MicroTec

XTRA:SMHN

€995.9m

SMA Solar Technology

XTRA:S92

€479.6m

Price History & Performance

Summary of all time highs, changes and price drops for Xinyi Solar Holdings
Historical stock prices
Current Share Price	HK$0.40
52 Week High	HK$0.79
52 Week Low	HK$0.31
Beta	1.36
11 Month Change	-1.94%
3 Month Change	0.86%
1 Year Change	-37.93%
33 Year Change	-75.69%
5 Year Change	-28.09%
Change since IPO	173.36%

Recent updates

Shareholder Returns

	13X	DE Semiconductor	DE Market
7D	-5.2%	3.9%	-1.2%
1Y	-37.9%	-7.1%	9.0%

Return vs Industry: 13X underperformed the German Semiconductor industry which returned -7.1% over the past year.

Return vs Market: 13X underperformed the German Market which returned 9% over the past year.

Price Volatility

Is 13X's price volatile compared to industry and market?
13X volatility
13X Average Weekly Movement	13.9%
Semiconductor Industry Average Movement	6.2%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 13X's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 13X's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2006	12,638	Shing Put Lee	www.xinyisolar.com

Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People’s Republic of China, rest of Asia, North America, Europe, and internationally. It operates in two segments, Sales of Solar Glass and Solar Farm Business. The company offers ultra-clear patterned solar glasses, back glasses, and anti-reflective coating solar glasses to photovoltaic module manufacturers.

Xinyi Solar Holdings Limited Fundamentals Summary

How do Xinyi Solar Holdings's earnings and revenue compare to its market cap?
13X fundamental statistics
Market cap	€3.76b
Earnings (TTM)	€579.11m
Revenue (TTM)	€3.31b

6.5x

P/E Ratio

1.1x

P/S Ratio

Is 13X overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
13X income statement (TTM)
Revenue	HK$27.17b
Cost of Revenue	HK$19.35b
Gross Profit	HK$7.82b
Other Expenses	HK$3.07b
Earnings	HK$4.76b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.52
Gross Margin	28.79%
Net Profit Margin	17.51%
Debt/Equity Ratio	29.8%

How did 13X perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

47%

Payout Ratio

13X Stock Overview

Rewards

Risk Analysis

Xinyi Solar Holdings Limited Competitors

XTRA:AIXA

€1.5b

XTRA:WAF

€1.6b

XTRA:SMHN

€995.9m

XTRA:S92

€479.6m

Price History & Performance

Recent News & Updates

Now 24% overvalued after recent price rise

Now 22% overvalued after recent price rise

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2023)

First half dividend of HK$0.10 announced

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2023)

Xinyi Solar Holdings Limited to Report First Half, 2024 Results on Jul 31, 2024

Recent updates

Now 24% overvalued after recent price rise

Now 22% overvalued after recent price rise

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2023)

First half dividend of HK$0.10 announced

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2023)

Xinyi Solar Holdings Limited to Report First Half, 2024 Results on Jul 31, 2024

Xinyi Solar Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.15 per share

Now 23% undervalued

Now 21% undervalued

Full year 2023 earnings released: EPS: HK$0.47 (vs HK$0.43 in FY 2022)

Xinyi Solar Holdings Limited (SEHK:968) acquired Solar farm project of Qujing Yingli Photovoltaic Power Development from Qujing Yingli Photovoltaic Power Development Limited.

Xinyi Solar Holdings Limited, Annual General Meeting, May 31, 2024

Final dividend of HK$0.15 announced

Full year 2023 earnings released: EPS: HK$0.47 (vs HK$0.43 in FY 2022)

Xinyi Solar Holdings Limited Announces Change of Chief Executive Officer, Effective 1 April 2024

Xinyi Solar Holdings Limited Announces Change of Chief Executive Officer, Effective 1 April 2024

Xinyi Solar Holdings Limited to Report Q4, 2023 Results on Feb 28, 2024

New major risk - Share price stability

Non Executive Vice Chairman recently bought €591k worth of stock

Non Executive Vice Chairman recently bought €669k worth of stock

Non-Executive Director recently bought €1.4m worth of stock

Upcoming dividend of HK$0.075 per share at 2.0% yield

Xinyi Solar Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 6 September 2023

First half 2023 earnings released: EPS: HK$0.16 (vs HK$0.21 in 1H 2022)

Xinyi Solar Holdings Limited Announces Re-Designation of Directors

New minor risk - Share price stability

Now 20% undervalued after recent price drop

Xinyi Solar Holdings Limited Approves Final Dividend for the Year Ended 31 December 2022

Upcoming dividend of HK$0.10 per share at 2.5% yield

Full year 2022 earnings released: EPS: HK$0.43 (vs HK$0.56 in FY 2021)

Now 20% undervalued after recent price drop

Full year 2022 earnings released: EPS: HK$0.43 (vs HK$0.56 in FY 2021)

Xinyi Solar Holdings Limited to Report Fiscal Year 2022 Results on Feb 27, 2023

Less than half of directors are independent

Investor sentiment improved over the past week

First half 2022 earnings released: EPS: HK$0.21 (vs HK$0.35 in 1H 2021)

Upcoming dividend of HK$0.10 per share

First half 2022 earnings released: EPS: HK$0.21 (vs HK$0.35 in 1H 2021)

Xinyi Solar Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable 06 September 2022

Xinyi Solar Holdings Limited to Report First Half, 2022 Results on Aug 01, 2022

Xinyi Solar Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ending 30 June 2022

Xinyi Solar Holdings Limited Declares A Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of HK$0.10 per share

Full year 2021 earnings released: EPS: HK$0.56 (vs HK$0.55 in FY 2020)

Xinyi Solar Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payable on or About 6 July 2022

Less than half of directors are independent

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Xinyi Solar Holdings Limited Announces Cash Dividend, Payable 06 July 2022

Xinyi Solar Holdings Limited to Report Fiscal Year 2021 Results on Feb 28, 2022

Insider recently bought €714k worth of stock

First half 2021 earnings released: EPS HK$0.35 (vs HK$0.17 in 1H 2020)

Upcoming dividend of HK$0.17 per share

First half 2021 earnings released: EPS HK$0.35 (vs HK$0.17 in 1H 2020)

Xinyi Solar Holdings Limited Provides Earnings Guidance for the Six Months Ending 30 June 2021

Investor sentiment improved over the past week

Xinyi Solar Holdings Limited Approves Final Dividend for the Year Ended 31 December 2020

Upcoming dividend of HK$0.17 per share

Investor sentiment improved over the past week