Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications.
Adequate balance sheet average dividend payer.
Share Price & News
How has Xinyi Glass Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 868 has not had significant price volatility in the past 3 months.
7 Day Return
HK Auto Components
1 Year Return
HK Auto Components
Return vs Industry: 868 exceeded the Hong Kong Auto Components industry which returned -22.5% over the past year.
Return vs Market: 868 exceeded the Hong Kong Market which returned -2.9% over the past year.
Price Volatility Vs. Market
How volatile is Xinyi Glass Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StCould The Xinyi Glass Holdings Limited (HKG:868) Ownership Structure Tell Us Something Useful?
2 weeks ago | Simply Wall StCalculating The Fair Value Of Xinyi Glass Holdings Limited (HKG:868)
2 months ago | Simply Wall StIf You Had Bought Xinyi Glass Holdings (HKG:868) Stock Five Years Ago, You Could Pocket A 136% Gain Today
Is Xinyi Glass Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 868 (HK$10.8) is trading below our estimate of fair value (HK$11.28)
Significantly Below Fair Value: 868 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 868 is good value based on its PE Ratio (9.9x) compared to the Auto Components industry average (10.4x).
PE vs Market: 868 is good value based on its PE Ratio (9.9x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: 868 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 868 is overvalued based on its PB Ratio (2.2x) compared to the HK Auto Components industry average (0.9x).
How is Xinyi Glass Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 868's forecast earnings growth (9.2% per year) is above the savings rate (1.6%).
Earnings vs Market: 868's earnings (9.2% per year) are forecast to grow slower than the Hong Kong market (11.7% per year).
High Growth Earnings: 868's earnings are forecast to grow, but not significantly.
Revenue vs Market: 868's revenue (11.6% per year) is forecast to grow faster than the Hong Kong market (10.5% per year).
High Growth Revenue: 868's revenue (11.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 868's Return on Equity is forecast to be high in 3 years time (20.5%)
How has Xinyi Glass Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 868 has a large one-off gain of HK$1.1B impacting its June 30 2019 financial results.
Growing Profit Margin: 868's current net profit margins (27.7%) are lower than last year (27.8%).
Past Earnings Growth Analysis
Earnings Trend: 868's earnings have grown by 19.7% per year over the past 5 years.
Accelerating Growth: 868's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 868 had negative earnings growth (-0.7%) over the past year, making it difficult to compare to the Auto Components industry average (-0.7%).
Return on Equity
High ROE: 868's Return on Equity (22%) is considered high.
Return on Assets
Return on Capital Employed
How is Xinyi Glass Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 868's short term assets (HK$11.3B) exceed its short term liabilities (HK$10.1B).
Long Term Liabilities: 868's short term assets (HK$11.3B) exceed its long term liabilities (HK$5.9B).
Debt to Equity History and Analysis
Debt Level: 868's debt to equity ratio (52.6%) is considered high.
Reducing Debt: 868's debt to equity ratio has increased from 41.9% to 52.6% over the past 5 years.
Debt Coverage: 868's debt is well covered by operating cash flow (38.1%).
Interest Coverage: 868's interest payments on its debt are well covered by EBIT (19.5x coverage).
Inventory Level: 868 has a high level of physical assets or inventory.
Debt Coverage by Assets: 868's debt is covered by short term assets (assets are 1.1x debt).
What is Xinyi Glass Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 868's dividend (4.81%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 868's dividend (4.81%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.34%).
Stability and Growth of Payments
Stable Dividend: 868's dividend payments have been volatile in the past 10 years.
Growing Dividend: 868's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.8%), 868's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 868's dividends in 3 years are forecast to be well covered by earnings (49.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ching Sai Tung (53yo)
Mr. Ching Sai Tung, B.B.S., has been an Executive Director and Vice Chairman at Xinyi Energy Holdings Limited since joining in July 2006. Mr. Tung serves as the Chief Executive Officer of Xinyi Glass Holdi ...
CEO Compensation Analysis
Compensation vs Market: Ching Sai's total compensation ($USD4.11M) is above average for companies of similar size in the Hong Kong market ($USD613.77K).
Compensation vs Earnings: Ching Sai's compensation has been consistent with company performance over the past year.
|Founder & Chairman||0yrs||HK$23.24m||27.89% HK$12.1b|
|CEO & Executive Director||0yrs||HK$31.95m||9.53% HK$4.1b|
|Vice Chairman & Chief Purchasing Officer||0yrs||HK$13.26m||7.59% HK$3.3b|
|Executive Director||11.3yrs||HK$12.72m||no data|
|Independent Non-Executive Director||15.5yrs||HK$300.00k||no data|
|Independent Non Executive Director||15.5yrs||HK$300.00k||no data|
|Non-Executive Director||15.7yrs||HK$300.00k||2.92% HK$1.3b|
|Non-Executive Director||15.7yrs||HK$300.00k||2.02% HK$874.3m|
|Non-Executive Director||15.7yrs||HK$300.00k||3.03% HK$1.3b|
|Non-Executive Director||15.5yrs||HK$300.00k||2.09% HK$904.5m|
Experienced Board: 868's board of directors are seasoned and experienced ( 15.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Xinyi Glass Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Xinyi Glass Holdings Limited
- Ticker: 868
- Exchange: SEHK
- Founded: 1988
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: HK$43.364b
- Shares outstanding: 4.02b
- Website: https://www.xinyiglass.com
Number of Employees
- Xinyi Glass Holdings Limited
- Rykadan Capital Tower
- 21st Floor
- Kwun Tong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|868||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Feb 2005|
|XYIG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Feb 2005|
|XI9||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Feb 2005|
|868||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Feb 2005|
|868||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Feb 2005|
|XYIG.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADS||US||USD||Jan 2011|
Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications. The company operates through three segments: Float Glass, Automobile Glass, and Architectural Glass. It is also involved in the production and sale of automobile rubber and plastic components, as well as electronic glass; trading of automobile glass; and research and trading of glass. In addition, the company offers logistic and related services; supply chain services; operates a wind farm for electricity generation; and manufactures automatic machines for solar glass factory and other glass related industries, as well as holds properties and car parks. The company serves automobile glass manufacturing; wholesale and distribution; automobile repair; motor vehicle manufacturing; curtain wall engineering and installing; architectural and furniture glass manufacturing; electronic and household appliances manufacturing; and float glass wholesale and distribution companies. It sells its products in approximately 140 countries and territories, including the People's Republic of China, the United States, Hong Kong, Canada, Australia, and New Zealand, as well as countries in Asia, the Middle East, Europe, Africa, and Central and South America. The company was founded in 1988 and is based in Kwun Tong, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 12:48|
|End of Day Share Price||2020/02/14 00:00|
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.