Xiaomi

DB:3CP

Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

3CP

HK$280B

Market Cap

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Last updated 2019/04/19 22:28

Company description

Xiaomi Corporation, an Internet company, provides hardware, software, and Internet services in Mainland China and internationally. The last earnings update was 11 days ago. More info.

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3CP Share Price and Events

7 Day Returns

1.9%

DB:3CP

1.1%

DE Tech

2.4%

DE Market

1 Year Returns

DB:3CP

-0.2%

DE Tech

-6.2%

DE Market

3CP Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
Xiaomi (3CP)	1.9%	1.9%	15%	-	-	-
DE Tech	1.1%	3.2%	13.1%	-0.2%	68.8%	103.6%
DE Market	2.4%	3%	7.4%	-6.2%	9.6%	14.1%

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 21 Analyst Estimates (S&P Global)	See below
Discount Rate (Cost of Equity)	See below	6.5%
Perpetual Growth Rate	10-Year DE Government Bond Rate	0.2%

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	0.2%
Equity Risk Premium	S&P Global	6%
Tech Unlevered Beta	Simply Wall St/ S&P Global	1.04
Re-levered Beta	= Unlevered beta (1 + (1- tax rate) (Debt/Equity)) = 1.045 (1 + (1- 25%) (4.56%))	1.054
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.05
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 0.23% + (1.054 * 5.96%)	6.51%

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 try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:3CP DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (CNY, Millions)	Source	Present Value Discounted (@ 6.51%)
2019	11,911.80	Analyst x10	11,183.80
2020	14,305.25	Analyst x8	12,610.13
2021	19,532.71	Analyst x3	16,165.86
2022	24,800.99	Analyst x2	19,271.58
2023	34,539.00	Analyst x1	25,198.24
2024	41,414.13	Est @ 19.91%	28,367.50
2025	47,213.02	Est @ 14%	30,363.11
2026	51,872.91	Est @ 9.87%	31,321.12
2027	55,492.27	Est @ 6.98%	31,458.73
2028	58,240.55	Est @ 4.95%	30,998.90
Present value of next 10 years cash flows			CN¥236,938.96

DB:3CP DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₈ × (1 + g) ÷ (Discount Rate – g) = CN¥58,240.55 × (1 + 0.23%) ÷ (6.51% – 0.23%)	CN¥929,305.13
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = CN¥929,305.13 ÷ (1 + 6.51%)¹⁰	CN¥494,628.46

DB:3CP Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = CN¥236,938.96 + CN¥494,628.46	CN¥731,567.43
Equity Value per Share (CNY)	= Total value / Shares Outstanding = CN¥731,567.43 / 23,970.46	CN¥265.49

DB:3CP Discount to Share Price
	Calculation	Result
Exchange Rate	CNY/HKD (Reporting currency to currency of SEHK:1810)	1.169
Value per Share (HKD)	= Value per Share in CNY x Exchange Rate (CNY/HKD) = CN¥30.52 x 1.169	HK$35.69
Non-primary Listing Adjustment Factor	1 share in DB:3CP represents 0.11496x of SEHK:1810 (This could be a different class, a depositary receipt, a different currency, or all of these things.)	0.11496x
Value per Share (Listing Adjusted, EUR)	= Value per Share (HKD) x Listing Adjustment Factor = HK$ 35.69 x 0.11496	€4.10
Value per share (EUR)	From above.	€4.10
Current discount	Discount to share price of €1.35 = -1 x (€1.35 - €4.10) / €4.10	67.2%

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

Current Discount

Amount off the current price Xiaomi is available for.

^>50%

Share price is €1.35 vs Future cash flow value of €4.1

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, and 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 (2018-12-31) in CNY	CN¥0.84
SEHK:1810 Share Price **	SEHK (2019-04-18) in HKD	HK$11.7
SEHK:1810 Share Price converted to CNY reporting currency	Exchange rate (HKD/ CNY) 0.855	CN¥10.01
Europe Tech Industry PE Ratio	Median Figure of 22 Publicly-Listed Tech Companies	13.17x
Germany Market PE Ratio	Median Figure of 422 Publicly-Listed Companies	19.67x

* 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) = 10.01 ÷ 0.84	11.86x

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

Xiaomi is good value based on earnings compared to the Europe Tech industry average.
Xiaomi is good value based on earnings compared 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	11.86x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts	9.2%per year
Europe Tech Industry PEG Ratio	Median Figure of 12 Publicly-Listed Tech Companies	0.87x
Germany Market PEG Ratio	Median Figure of 270 Publicly-Listed Companies	1.58x

*Line of best fit is calculated by linear regression .

DB:3CP PEG (Price to Earnings to Growth) Ratio Calculation
	Calculation	Outcome
PEG Ratio	= PE Ratio ÷ Net Income Annual Growth Rate = 11.86x ÷ 9.2%	1.29x

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

Xiaomi is poor value based on expected growth next year.

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 (2018-12-31) in CNY	CN¥3.02
SEHK:1810 Share Price *	SEHK (2019-04-18) in HKD	HK$11.7
SEHK:1810 Share Price converted to CNY reporting currency	Exchange rate (HKD/ CNY) 0.855	CN¥10.01
Europe Tech Industry PB Ratio	Median Figure of 30 Publicly-Listed Tech Companies	1.3x
Germany Market PB Ratio	Median Figure of 570 Publicly-Listed Companies	1.85x

DB:3CP PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= SEHK:1810 Share Price ÷ Book Value per Share (both in CNY) = 10.01 ÷ 3.02	3.31x

* 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.

Show me more potentially undervalued companies in the Tech industry

Value checks

We assess Xiaomi's value by looking at:

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. )
Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)

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 21 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!

9.2%

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 0.2%.

Growth vs Market Checks

Xiaomi's earnings growth is positive but not above 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 21 Analysts	9.2%
DB:3CP Future Revenue Growth Rate	Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts	18.3%
Europe Tech Industry Earnings Growth Rate	Market Cap Weighted Average	14.7%
Europe Tech Industry Revenue Growth Rate	Market Cap Weighted Average	8.1%
Germany Market Earnings Growth Rate	Market Cap Weighted Average	11.5%
Germany Market Revenue Growth Rate	Market Cap Weighted Average	4.8%

*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 (3 months ago)	See Below
Future Estimates	Average of up to 21 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
2023-12-31	511,217			1
2022-12-31	417,663		19,869	4
2021-12-31	347,336	14,906	17,276	10
2020-12-31	283,795	17,910	13,676	21
2019-12-31	225,314	11,516	9,775	21

DB:3CP Past Financials Data
Date (Data in CNY Millions)	Revenue	Cash Flow	Net Income *
2018-12-31	174,915	-1,415	13,554
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

*GAAP earnings excluding extraordinary items.

High Growth Checks

Xiaomi's earnings are expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
Xiaomi's revenue is expected to grow by 18.3% yearly, however this is not considered high growth (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 (3 months ago)	See Below
Future Estimates	Average of up to 21 Analyst Estimates (S&P Global)	See Below

All data from Xiaomi Company Filings, last reported 3 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
2023-12-31
2022-12-31	0.96	1.21	0.74	3.00
2021-12-31	0.86	1.38	0.53	9.00
2020-12-31	0.62	0.92	0.50	18.00
2019-12-31	0.43	0.52	0.33	18.00

DB:3CP Past Financials Data
Date (Data in CNY Millions)	EPS *
2018-12-31	0.84
2018-09-30	-0.22
2018-06-30	-1.65
2017-12-31	-4.49
2016-12-31	0.06

*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%).

Future performance checks

We assess Xiaomi's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
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 2/6, 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.

Insufficient data to establish if Xiaomi's year on year earnings growth rate was positive over the past 5 years.
Xiaomi has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
Xiaomi has become profitable in the last year making it difficult to compare the Europe Tech industry average.

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 3 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
2018-12-31	174,915.43	13,553.89	10,162.39	5,776.83
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.

Xiaomi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Xiaomi used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
Xiaomi has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).

Past performance checks

We assess Xiaomi's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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 2/6, 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.

High level of physical assets or inventory.
Debt is covered by short term assets, assets are 9.7x 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 3 months ago.

DB:3CP Past Debt and Equity Data
Date (Data in CNY Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2018-12-31	71,250.13	10,931.34	38,244.66
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 (15.3%) 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.
Operating cash flow is negative therefore debt is not well covered.
Xiaomi earns more interest than it pays, coverage of interest payments is not a concern.

Show me more healthy companies in the Tech industry

Financial health checks

We assess Xiaomi's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
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

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 21 Analyst Estimates (S&P Global)	See Below
Europe Tech Industry Average Dividend Yield	Market Cap Weighted Average of 12 Stocks	1.5%
Germany Market Average Dividend Yield	Market Cap Weighted Average of 325 Stocks	3%
Germany Minimum Threshold Dividend Yield	10th Percentile	0.8%
Germany Bottom 25% Dividend Yield	25th Percentile	1.4%
Germany Top 25% Dividend Yield	75th Percentile	3.7%

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
2023-12-31
2022-12-31
2021-12-31	0.00	2.00
2020-12-31	0.00	4.00
2019-12-31	0.00	5.00

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.

Income/ dividend checks

We assess Xiaomi's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
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)

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

CEO Bio

Mr. Lei Jun serves as the Chairman of the board and Chief Executive Officer of Xiaomi Corporation and has been 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.

0.8 yrs

Board of Directors Tenure

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

3.3

Average Tenure

Average Age

The tenure for the Xiaomi board of directors is about average.

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

Management checks

We assess Xiaomi's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

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

Simply Wall St News

3CP Company Info

Description

Xiaomi Corporation, an Internet company, provides hardware, software, and Internet services in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products. The Internet Services segment provides advertising services and Internet value-added services. The Others segment offers hardware repair services for its products. The company also engages in the wholesale and retail of smartphones and ecosystem partners’ products; investment holding and investment activities; development of software and hardware; procurement and sale of smartphones, ecosystem partners’ products, and spare parts; procurement of raw materials; and operation of retail stores. It is also involved in the research and development of computer software and information technology; property management and commercial factoring activities; e-commerce business; research and development of computer software and market research; sale of e-books; and provision of customer, Internet finance, consumer loan, software related, technology, logistics, electronic payment, and Internet services. The company has a strategic cooperation agreement with Meitu, Inc.; and a strategic partnership with TCL Corporation. Xiaomi Corporation was founded in 2010 and is headquartered in Beijing, the People’s Republic of China.

Details

Name:	Xiaomi Corporation
Ticker:	3CP
Exchange:	DB
Founded:	2010
Market Cap:	HK$31,789,373,446
Shares outstanding:	23,970,456,997
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
DB	3CPA	UNSPONSORED ADS	Deutsche Boerse AG	DE	EUR	23. Aug 2018

Number of employees

Current staff

16,683

Xiaomi employees.

Industry

Industry:	Technology Hardware, Storage and Peripherals
Sector:	Tech

Company Analysis and Financial Data Status

Area	Date (UTC time)
Company Analysis updated:	2019/04/19 22:28
End of day share price update:	2019/04/18 00:00
Last estimates confirmation:	2019/04/19
Last earnings filing:	2019/04/08
Last earnings reported:	2018/12/31
Last annual earnings reported:	2018/12/31

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.

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Xiaomi

3CP Share Price and Events

7 Day Returns

1 Year Returns

3CP Shareholder Return

1 Year Return vs Industry and Market

Price Volatility

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A. O. Smith

3CP Value

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS

Current Discount

Current Discount Checks

PRICE RELATIVE TO MARKET

Price based on past earnings

Price based on expected Growth

Price based on value of assets

Value checks

3CP Future Performance

Earnings growth vs Low Risk Savings

Growth vs Market Checks

Annual Growth Rates Comparison

Analysts growth expectations

High Growth Checks

Past and Future Earnings per Share

Performance in 3 years

Future performance checks

3CP Past Performance

Past earnings growth

Past Earnings growth analysis

Earnings and Revenue History

Performance last year

Past performance checks

3CP Health

Net Worth

Balance sheet

Assets

Liabilities and shares

Historical Debt

Financial health checks

3CP Dividends

Annual Dividend Income

Dividend Amount

Annualized Historical and Future Dividends

Current Payout to shareholders

Future Payout to shareholders

Income/ dividend checks

3CP Management

CEO

CEO Bio

CEO Compensation

Management Team

Jun Lei

Founder

49

Bin Lin

Co-Founder

50

Feng Hong

Co-Founder & Senior Vice President

41

Wanqiang Li

Co-founder

41

De Liu

Co-founder

44

Chuan Wang

Co-founder

48

Yan Luo

General Manager

0.1 yrs

Shou Chew

Senior VP & CFO

35

Xiang Wang

Senior Vice President of Global Business