I’ve been keeping an eye on Xinyi Glass Holdings Limited (HKG:868) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe 868 has a lot to offer. Basically, it is a financially-sound , dividend-paying company with a an impressive history of performance. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Xinyi Glass Holdings here.
Established dividend payer with proven track record
Over the past few years, 868 has demonstrated a proven ability to generate robust returns of 23% Not surprisingly, 868 outperformed its industry which returned 16%, giving us more conviction of the company’s capacity to drive bottom-line growth going forward. 868’s strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This indicates that 868 has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. 868 seems to have put its debt to good use, generating operating cash levels of 0.51x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
Income investors would also be happy to know that 868 is one of the highest dividend payers in the market, with current dividend yield standing at 5.8%. 868 has also been regularly increasing its dividend payments to shareholders over the past decade.
For Xinyi Glass Holdings, there are three fundamental aspects you should look at:
- Future Outlook: What are well-informed industry analysts predicting for 868’s future growth? Take a look at our free research report of analyst consensus for 868’s outlook.
- Valuation: What is 868 worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether 868 is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of 868? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.