SEHK:868

Stock Analysis Report

Xinyi Glass Holdings

Executive Summary

Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications.

Snowflake

Fundamentals

Proven track record with adequate balance sheet and pays a dividend.

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


Market Performance


7 Day Return

7.7%

SEHK:868

3.6%

HK Auto Components

2.5%

HK Market


1 Year Return

-8.0%

SEHK:868

-20.4%

HK Auto Components

-3.9%

HK Market

868 outperformed the Auto Components industry which returned -20.4% over the past year.

868 underperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

868IndustryMarket
7 Day7.7%3.6%2.5%
30 Day17.3%17.8%7.6%
90 Day9.9%2.9%0.8%
1 Year-1.9%-8.0%-17.7%-20.4%-0.4%-3.9%
3 Year41.5%18.9%-9.3%-16.2%19.6%7.6%
5 Year132.8%73.8%32.9%17.9%17.7%-1.7%

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

Valuation

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

5%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Xinyi Glass Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Xinyi Glass Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Xinyi Glass Holdings is good value based on earnings compared to the HK Auto Components industry average.

Xinyi Glass Holdings is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Xinyi Glass Holdings is good value based on expected growth next year.


Price Based on Value of Assets

Xinyi Glass Holdings is overvalued based on assets compared to the HK Auto Components industry average.


Next Steps

Future Growth

How is Xinyi Glass Holdings expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Xinyi Glass Holdings's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).

Xinyi Glass Holdings's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).

Xinyi Glass Holdings's revenue growth is expected to exceed the Hong Kong market average.

Xinyi Glass Holdings's earnings growth is positive but not above the Hong Kong market average.

Xinyi Glass Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Xinyi Glass Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Xinyi Glass Holdings performed over the past 5 years?

19.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Xinyi Glass Holdings's year on year earnings growth rate has been positive over the past 5 years.

Xinyi Glass Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Xinyi Glass Holdings's 1-year earnings growth is negative, it can't be compared to the HK Auto Components industry average.


Return on Equity

Xinyi Glass Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Xinyi Glass Holdings used its assets more efficiently than the HK Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

Xinyi Glass Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Xinyi Glass Holdings's financial position?


Financial Position Analysis

Xinyi Glass Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Xinyi Glass Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Xinyi Glass Holdings's level of debt (52.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (41.9% vs 52.6% today).

Debt is well covered by operating cash flow (38.1%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 19.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

What is Xinyi Glass Holdings's current dividend yield, its reliability and sustainability?

6.45%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Xinyi Glass Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Xinyi Glass Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (6.06%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (2x coverage).


Next Steps

Management

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

15.2yrs

Average board tenure


CEO

Ching Sai Tung (53yo)

0yrs

Tenure

HK$95,235,000

Compensation

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

Ching Sai's remuneration is higher than average for companies of similar size in Hong Kong.

Ching Sai's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Board Age and Tenure

15.2yrs

Average Tenure

61yo

Average Age

The average tenure for the Xinyi Glass Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Xinyi Glass Holdings individual insiders in the past 3 months.


Recent Insider Transactions

BuyHK$2,090,71702 Sep 19
Yin Yee Lee
EntityIndividual
Role
Chairman of the Board
Founder & Chairman
Shares270,000
Max PriceHK$7.74
BuyHK$109,20030 Aug 19
Yin Yee Lee
EntityIndividual
Role
Chairman of the Board
Founder & Chairman
Shares14,000
Max PriceHK$7.80
BuyHK$1,083,75430 Aug 19
Yin Yee Lee
EntityIndividual
Role
Chairman of the Board
Founder & Chairman
Shares140,000
Max PriceHK$7.74
BuyHK$7,645,70722 Aug 19
Ching Sai Tung
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares974,000
Max PriceHK$7.85
BuyHK$7,452,30020 Aug 19
Ching Sai Tung
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares964,000
Max PriceHK$7.73
BuyHK$3,805,00017 Aug 19
Ching Wai Li
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares500,000
Max PriceHK$7.61
BuyHK$3,112,20017 Aug 19
Ching Wai Li
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares420,000
Max PriceHK$7.41
BuyHK$8,143,84817 Aug 19
Ching Wai Li
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares1,080,000
Max PriceHK$7.54
BuyHK$3,033,17915 Aug 19
Yin Yee Lee
EntityIndividual
Role
Chairman of the Board
Founder & Chairman
Shares411,000
Max PriceHK$7.38
BuyHK$5,475,00015 Aug 19
Yin Yee Lee
EntityIndividual
Role
Chairman of the Board
Founder & Chairman
Shares750,000
Max PriceHK$7.30
BuyHK$5,475,00015 Aug 19
Kam Ha Li
EntityIndividual
Shares750,000
Max PriceHK$7.30
BuyHK$3,033,17915 Aug 19
Kam Ha Li
EntityIndividual
Shares411,000
Max PriceHK$7.38
BuyHK$7,239,85013 Aug 19
Ching Sai Tung
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares980,000
Max PriceHK$7.39
BuyHK$7,961,86512 Aug 19
Ching Sai Tung
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares1,036,000
Max PriceHK$7.69
BuyHK$18,919,73811 Aug 19
Ching Sai Tung
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares2,444,000
Max PriceHK$7.74

Ownership Breakdown


Management Team

  • Ching Sai Tung (53yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$95.24m
  • Ching Bor Tung (56yo)

    Vice Chairman & Chief Purchasing Officer

    • Tenure: 0yrs
    • Compensation: HK$39.18m
  • Yin Yee Lee (66yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: HK$46.18m
  • Sik Yuen Lau (52yo)

    CFO & Company Secretary

    • Tenure: 0yrs
  • Shing Lee (39yo)

    Executive Director

    • Tenure: 10.9yrs
    • Compensation: HK$25.15m
  • Bi Xu (51yo)

    Executive Vice President

    • Tenure: 0yrs

Board Members

  • Kwong Siu Lam (84yo)

    Independent Non-Executive Director

    • Tenure: 15.1yrs
    • Compensation: HK$300.00k
  • Samuel Wong (69yo)

    Independent Non Executive Director

    • Tenure: 15.1yrs
    • Compensation: HK$300.00k
  • Ching Sai Tung (53yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$95.24m
  • Ching Bor Tung (56yo)

    Vice Chairman & Chief Purchasing Officer

    • Tenure: 0yrs
    • Compensation: HK$39.18m
  • Nang Sze Sze (61yo)

    Non-Executive Director

    • Tenure: 15.3yrs
    • Compensation: HK$300.00k
  • Ngan Ho Ng (54yo)

    Non-Executive Director

    • Tenure: 15.3yrs
    • Compensation: HK$300.00k
  • Ching Wai Li (61yo)

    Non-Executive Director

    • Tenure: 15.3yrs
    • Compensation: HK$300.00k
  • Yin Yee Lee (66yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: HK$46.18m
  • Ching Leung Li (63yo)

    Non-Executive Director

    • Tenure: 15.1yrs
    • Compensation: HK$300.00k
  • Shing Lee (39yo)

    Executive Director

    • Tenure: 10.9yrs
    • Compensation: HK$25.15m

Company Information

Xinyi Glass Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Xinyi Glass Holdings Limited
  • Ticker: 868
  • Exchange: SEHK
  • Founded: 1988
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: HK$35.305b
  • Shares outstanding: 4.01b
  • Website: https://www.xinyiglass.com

Number of Employees


Location

  • Xinyi Glass Holdings Limited
  • Rykadan Capital Tower
  • 21st Floor
  • Kwun Tong
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
868SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2005
XYIG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2005
XI9DB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2005
868SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDFeb 2005
868SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDFeb 2005
XYIG.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDJan 2011

Biography

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 th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 12:43
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.