Loading...

Xiaomi

DB:3CP
Snowflake Description

Excellent balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3CP
DB
HK$305B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Xiaomi Corporation operates as an Internet company with smartphones and smart hardware connected by Internet of Things in Mainland China and internationally. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
3CP Share Price and Events
7 Day Returns
1.3%
DB:3CP
-0.5%
DE Tech
0.4%
DE Market
1 Year Returns
-
DB:3CP
-14.8%
DE Tech
-17.5%
DE Market
3CP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xiaomi (3CP) 1.3% 4.1% - - - -
DE Tech -0.5% -1.8% -17.5% -14.8% 63.5% 71.9%
DE Market 0.4% -3.8% -10.6% -17.5% -3.5% 4.4%
1 Year Return vs Industry and Market
  • No trading data on 3CP.
  • No trading data on 3CP.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

3CP Value

 Is Xiaomi undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Xiaomi to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Xiaomi.

DB:3CP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3CP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Tech Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.785 (1 + (1- 25%) (3.66%))
0.807
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.807 * 9.46%)
8.17%

Discounted Cash Flow Calculation for DB:3CP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Xiaomi is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:3CP DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) 15,126.50 19,994.40 24,707.11 30,082.00 34,895.12
Source Analyst x8 Analyst x10 Analyst x2 Analyst x1 Est @ 16%, capped from 33.09%
Present Value
Discounted (@ 8.17%)
13,983.82 17,087.69 19,520.20 21,971.34 23,561.45
Present value of next 5 years cash flows CN¥96,124.51
DB:3CP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥34,895.12 × (1 + 0.54%) ÷ (8.17% – 0.54%)
CN¥459,854.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥459,854.66 ÷ (1 + 8.17%)5
CN¥310,497.36
DB:3CP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥96,124.51 + CN¥310,497.36
CN¥406,621.86
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥406,621.86 / 22,577.62
CN¥18.01
DB:3CP Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1810)
1.133
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥18.01 x 1.133
HK$20.4
Non-primary Listing Adjustment Factor 1 share in DB:3CP represents 0.11317x of SEHK:1810
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11317x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 20.40 x 0.11317
€2.31
Value per share (EUR) From above. €2.31
Current discount Discount to share price of €1.53
= -1 x (€1.53 - €2.31) / €2.31
33.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Xiaomi is available for.
Intrinsic value
34%
Share price is €1.53 vs Future cash flow value of €2.31
Current Discount Checks
For Xiaomi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Xiaomi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Xiaomi's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Xiaomi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xiaomi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3CP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CNY CN¥-0.22
SEHK:1810 Share Price ** SEHK (2018-12-17) in HKD HK$13.52
SEHK:1810 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.883 CN¥11.94
Europe Tech Industry PE Ratio Median Figure of 24 Publicly-Listed Tech Companies 14.02x
Germany Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Xiaomi.

DB:3CP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1810 Share Price ÷ EPS (both in CNY)

= 11.94 ÷ -0.22

-53.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xiaomi is loss making, we can't compare its value to the Europe Tech industry average.
  • Xiaomi is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Xiaomi's expected growth come at a high price?
Raw Data
DB:3CP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -53.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
27%per year
Europe Tech Industry PEG Ratio Median Figure of 13 Publicly-Listed Tech Companies 0.99x
Germany Market PEG Ratio Median Figure of 279 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Xiaomi, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Xiaomi's assets?
Raw Data
DB:3CP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CNY CN¥3.15
SEHK:1810 Share Price * SEHK (2018-12-17) in HKD HK$13.52
SEHK:1810 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.883 CN¥11.94
Europe Tech Industry PB Ratio Median Figure of 31 Publicly-Listed Tech Companies 1.23x
Germany Market PB Ratio Median Figure of 567 Publicly-Listed Companies 1.73x
DB:3CP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1810 Share Price ÷ Book Value per Share (both in CNY)

= 11.94 ÷ 3.15

3.79x

* Primary Listing of Xiaomi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xiaomi is overvalued based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Xiaomi's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Xiaomi has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

3CP Future Performance

 How is Xiaomi expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xiaomi expected to grow at an attractive rate?
  • Xiaomi's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Xiaomi's earnings growth is expected to exceed the Germany market average.
  • Xiaomi's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3CP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3CP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 27%
DB:3CP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 22.2%
Germany Tech Industry Earnings Growth Rate Market Cap Weighted Average 1%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3CP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3CP Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 419,243 36,478 3
2021-12-31 372,941 24,465 4
2020-12-31 311,516 22,487 18,402 22
2019-12-31 241,601 16,392 12,370 24
2018-12-31 182,271 13,146 11,465 24
DB:3CP Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-09-30 165,608 496 -2,885
2018-06-30 148,862 3,187 -16,373
2017-12-31 114,625 -996 -43,826
2016-12-31 68,434 4,531 553
2015-12-31 66,811 -2,601 -7,581

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xiaomi's earnings are expected to grow significantly at over 20% yearly.
  • Xiaomi's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3CP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from Xiaomi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3CP Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.41 1.62 1.21 2.00
2021-12-31 1.06 1.29 0.87 3.00
2020-12-31 0.83 1.00 0.66 13.00
2019-12-31 0.55 0.67 0.41 16.00
2018-12-31 0.57 0.86 0.44 16.00
DB:3CP Past Financials Data
Date (Data in CNY Millions) EPS *
2018-09-30 -0.22
2018-06-30 -1.65
2017-12-31 -4.49
2016-12-31 0.06
2015-12-31 -0.78

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Xiaomi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Xiaomi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Xiaomi has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

3CP Past Performance

  How has Xiaomi performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Xiaomi's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Xiaomi does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Xiaomi's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Xiaomi's 1-year growth to the Europe Tech industry average as it is not currently profitable.
Earnings and Revenue History
Xiaomi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Xiaomi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3CP Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 165,608.11 -2,884.78 19,535.56 5,036.45
2018-06-30 148,861.78 -16,373.38 8,579.24 4,306.80
2017-12-31 114,624.74 -43,826.02 6,447.65 3,151.40
2016-12-31 68,434.16 553.25 3,949.15 2,104.23
2015-12-31 66,811.26 -7,581.30 2,679.02 1,511.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Xiaomi has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Xiaomi has efficiently used its assets last year compared to the Europe Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Xiaomi improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Xiaomi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Xiaomi has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

3CP Health

 How is Xiaomi's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Xiaomi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xiaomi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Xiaomi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xiaomi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Xiaomi Company Filings, last reported 2 months ago.

DB:3CP Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 67,163.18 9,864.58 44,805.12
2018-06-30 -110,337.55 163,115.91 22,796.25
2017-12-31 -127,210.69 172,304.65 17,076.50
2016-12-31 -92,057.88 120,011.55 13,188.01
2015-12-31 -86,638.31 109,210.85 11,552.38
  • Xiaomi's level of debt (14.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Xiaomi's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Xiaomi has sufficient cash runway for more than 3 years based on current free cash flow.
  • Xiaomi has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 200.1% each year.
X
Financial health checks
We assess Xiaomi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Xiaomi has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

3CP Dividends

 What is Xiaomi's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Xiaomi dividends. Estimated to be 0% next year.
If you bought €2,000 of Xiaomi shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Xiaomi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Xiaomi's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3CP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3CP Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.00 4.00
2019-12-31 0.00 5.00
2018-12-31 0.00 6.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Xiaomi has not reported any payouts.
  • Unable to verify if Xiaomi's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Xiaomi's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Xiaomi has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Xiaomi's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Xiaomi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Xiaomi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xiaomi has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

3CP Management

 What is the CEO of Xiaomi's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jun Lei
AGE 49
CEO Bio

Mr. Lei Jun is the Chairman of the board and Chief Executive Officer of Xiaomi Corporation and is its Executive Director since May 3, 2010. Mr. Lei co-founded Xiaomi Corporation in 2010. He is responsible for Xiaomi's strategy, company culture and key products. He oversees senior management team. He is an Advisor of Cheetah Mobile Inc. since March 2018. He is the Founder of Shunwei China Internet fund LP. Mr. Lei is a Co-founder and Founding Partner of Shunwei Fund and serves as its Chairman. He is a Founding Partner of Shunwei Capital. He is a Co-Founder at Beijing Xiaomi Technology Co., Ltd. and serves as its Chief Executive Officer and Chairman of the Board of Directors. Mr. Lei serves as President of UCWeb Inc. and served as its Chairman. He is a Co-Founder of Kingsoft Corporation Limited and is its Chairman since July 5, 2011. Mr. Lei co-founded Xiaomi Inc. (Xiaomi Corporation) in 2010 and serves as its Chief Executive Officer and Chairman. He is a highly respected entrepreneur with close to 30 years of industry experience. He has experience in software, e-commerce, investment and mobile internet services. Mr. Lei was a Co-founder of VANCL Limited. He was a Co-Founder of YY Inc. and served as its Chairman since July 2011 until August 17, 2016. Mr. Lei has been employed by Kingsoft Corporation Limited since 1992 and has played a key role in developing the operation of Group and expanding business operations. He served as the Chief Executive Officer and President of Kingsoft Corporation Limited from 1998 to December 2007 and from 2001 to December 2007 respectively. He served as Chief Technology Officer of Kingsoft Corporation Limited until December 2007 and served as its Vice Chairman until July 05, 2011. He Founded Amazon China Ltd. (formerly, Joyo.com Limited) in 2000 and served as its Chairman. He served as an Investment Advisor at Hotung Investment Holdings Limited. He served as the Chairman at Cheetah Mobile Inc. since July 2011 until March 2018 and also served as its Director since October 2010 until March 2018. He serves as Member of the Board of Directors at Kingsoft Network Technology Limited. Mr. Lei has been a Non-Executive Director of Kingsoft Corporation Limited since August 28, 2008. He has been a Member of The Board of Wuhan University since November 2003. Mr. Lei is also a famous angel investor in China. He serves as a Member of Advisory Board at Great Wall Club. He served as a Director of 2020 ChinaCap Acquirco Inc. since January 2007. In November 2017, he was elected Vice Chairman of the All-China Federation of Industry and Commerce. In February 2018, he was also elected Vice President of the China Association for Quality. In 2013, he was awarded the China Economic Figures of the Year award by China Central Television (CCTV). In 2015, he was the only Chinese entrepreneur among the World's 100 Most Influential People of the Year selected by TIME Magazine. He also received the Asia Game Changer Award from the Asia Society in the same year. He was honored as the "Spokesman of Quality of the Year" in 2017 by the General Administration of Quality Supervision, Inspection and Quarantine of China. Mr. Lei graduated from Wuhan University on July 1, 1991 with a bachelor degree in Computer Science.

CEO Compensation
  • Insufficient data for Jun to compare compensation growth.
  • Insufficient data for Jun to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Jun Lei

TITLE
Executive Director
AGE
49

Bin Lin

TITLE
Executive Director
AGE
50

Feng Hong

TITLE
Co-Founder & Senior VP of Internet Services
AGE
41

Wanqiang Li

TITLE
Co-founder
AGE
41

De Liu

TITLE
Co-founder & Senior VP of Ecosystem
AGE
45

Chuan Wang

TITLE
Co-founder & Senior VP of TV Business
AGE
48

Shou Chew

TITLE
SVP & CFO
AGE
35

Lingming Wang

TITLE
Vice President of Sales & Services
AGE
43

Murlikrishnan B.

TITLE
Chief Operating Officer of India
TENURE
0.4 yrs

Yan Qi

TITLE
Senior Vice President of Internal Operations & Public Affairs
AGE
69
Board of Directors Tenure

Average tenure and age of the Xiaomi board of directors in years:

2.9
Average Tenure
50
Average Age
  • The average tenure for the Xiaomi board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jun Lei

TITLE
Executive Director
AGE
49

Bin Lin

TITLE
Executive Director
AGE
50
TENURE
8.6 yrs

Chen Dongsheng

TITLE
Independent Non-Executive Director
AGE
60
TENURE
0.5 yrs

Peter Lee

TITLE
Independent Non-Executive Director
AGE
55
TENURE
0.5 yrs

Eric Wong

TITLE
Independent Non-Executive Director
AGE
57
TENURE
0.5 yrs

Dalai Xu Koh

TITLE
Non Executive Director
AGE
46
TENURE
5.3 yrs

Liu Qin

TITLE
Non-Executive Director
AGE
45
TENURE
8.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Jul 18 Sell The Morningside Group Limited Company 20. Jul 18 20. Jul 18 -125,451,000 €1.85 €-232,053,522
X
Management checks
We assess Xiaomi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Xiaomi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

3CP News

External News
Loading...
Simply Wall St News

3CP Company Info

Map
Description

Xiaomi Corporation operates as an Internet company with smartphones and smart hardware connected by Internet of Things in Mainland China and internationally. The company offers a range of hardware products, such as smartphones, laptops, smart TVs, AI speakers, and smart routers; power banks, headphones, air purifiers, fitness bands, robot vacuum cleaners, scooters/self-balancing scooters, water purifiers, induction heating rice cookers, home security cameras, and laser projectors; and lifestyle products comprising housewares and personal accessories. It also provides Internet services, including content, entertainment, financial services, and productivity tools. The company offers its products through its retail outlets and direct sales online retail platforms. Xiaomi Corporation has a strategic cooperation agreement with Meitu, Inc. Xiaomi Corporation was founded in 2010 and is headquartered in Beijing, China.

Details
Name: Xiaomi Corporation
3CP
Exchange: DB
Founded: 2010
HK$34,442,515,202
22,577,616,830
Website: http://www.mi.com
Address: Xiaomi Corporation
Rainbow City Office Building,
68 Qinghe Middle Street,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1810 Class B Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 09. Jul 2018
OTCPK XIAC.F Class B Ordinary Shares Pink Sheets LLC US USD 09. Jul 2018
DB 3CP Class B Ordinary Shares Deutsche Boerse AG DE EUR 09. Jul 2018
BST 3CP Class B Ordinary Shares Boerse-Stuttgart DE EUR 09. Jul 2018
OTCPK XIAC.Y UNSPONSORED ADS Pink Sheets LLC US USD 23. Aug 2018
Number of employees
Current staff
Staff numbers
16,129
Xiaomi employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/17 22:46
End of day share price update: 2018/12/17 00:00
Last estimates confirmation: 2018/12/14
Last earnings filing: 2018/11/19
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.