SEHK:1799

Stock Analysis Report

Executive Summary

Xinte Energy Co., Ltd. operates as a solar-grade polysilicon manufacturer and photovoltaic (PV) project developer in the People’s Republic of China and internationally.

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.

Risks

  • Xinte Energy has significant price volatility in the past 3 months.
  • Xinte Energy is not covered by any analysts.

Similar Companies

Share Price & News

How has Xinte Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.2%

SEHK:1799

1.4%

HK Construction

0.7%

HK Market


1 Year Return

-28.9%

SEHK:1799

-18.4%

HK Construction

-5.3%

HK Market

1799 underperformed the Construction industry which returned -18.4% over the past year.

1799 underperformed the Market in Hong Kong which returned -5.3% over the past year.


Share holder returns

1799IndustryMarket
7 Day2.2%1.4%0.7%
30 Day2.2%4.7%4.9%
90 Day-6.9%-12.2%-3.7%
1 Year-26.9%-28.9%-15.0%-18.4%-1.8%-5.3%
3 Year-9.3%-16.2%-20.8%-28.9%16.4%4.6%
5 Yearn/a4.2%-11.7%18.0%-1.7%

Price Volatility Vs. Market

How volatile is Xinte Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

10.59x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Xinte Energy's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Xinte Energy's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Xinte Energy is overvalued based on earnings compared to the HK Construction industry average.

Xinte Energy is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Xinte Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

Xinte Energy is good value based on assets compared to the HK Construction industry average.


Next Steps

Future Growth

How is Xinte Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Xinte Energy is high growth as no revenue estimate data is available.

Xinte Energy's earnings are expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare Xinte Energy's revenue growth to the Hong Kong market average as no estimate data is available.

Xinte Energy's earnings growth is expected to exceed the Hong Kong market average.

Xinte Energy's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Xinte Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Xinte Energy performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Xinte Energy's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

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

Xinte Energy's 1-year earnings growth is negative, it can't be compared to the HK Construction industry average.


Return on Equity

Xinte Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Xinte Energy used its assets less efficiently than the HK Construction industry average last year based on Return on Assets.


Return on Capital Employed

Xinte Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Xinte Energy's financial position?


Financial Position Analysis

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

Xinte Energy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Xinte Energy's level of debt (95.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (207.6% vs 95.2% today).

Debt is not well covered by operating cash flow (8.3%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

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

3.24%

Current Dividend Yield


Dividend Yield and Payments Analysis

Xinte Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.21%).

Xinte Energy's dividend is below the markets top 25% of dividend payers in Hong Kong (6.17%).

Xinte Energy has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Xinte Energy only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.9x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Bo Yin (40yo)

3.5yrs

Tenure

CN¥437,000

Compensation

Mr. Bo Yin has been General Manager at Xinte Energy Co., Ltd. since March 3, 2016. Mr. Yin served as Deputy General Manager at Xinte Energy Co., Ltd. until March 3, 2016. He has been Executive Director at  ...


CEO Compensation Analysis

Bo's remuneration is lower than average for companies of similar size in Hong Kong.

Bo's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

42yo

Average Age

The tenure for the Xinte Energy management team is about average.


Board Age and Tenure

4.3yrs

Average Tenure

47.5yo

Average Age

The tenure for the Xinte Energy board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jianxin Zhang (45yo)

    Chairman

    • Tenure: 7.3yrs
    • Compensation: CN¥1.17m
  • Juan Zhang (30yo)

    Joint Company Secretary

    • Tenure: 4.3yrs
  • Bo Yin (40yo)

    GM & Executive Director

    • Tenure: 3.5yrs
    • Compensation: CN¥437.00k
  • Xinye Gan (43yo)

    Deputy General Manager

    • Tenure: 6.8yrs
  • Yongjian He (52yo)

    Chief Mechanical Engineer

    • Tenure: 4.3yrs
  • Weijie Zheng (41yo)

    Chief Accountant

    • Tenure: 4.3yrs
  • Yueqiang Zhang (43yo)

    Deputy General Manager

    • Tenure: 0yrs
  • Jinjing Xia (38yo)

    Deputy GM & Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥1.83m
  • Long Yang (43yo)

    Deputy General Manager

    • Tenure: 1.3yrs
  • Xiliang Li (39yo)

    Deputy General Manager

    • Tenure: 1.3yrs

Board Members

  • Xin Zhang (56yo)

    Non-Executive Director

    • Tenure: 11.6yrs
  • Junxiang Guo (47yo)

    Non-Executive Director

    • Tenure: 11.6yrs
  • Haiyan Qin (49yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥120.00k
  • Jianxin Zhang (45yo)

    Chairman

    • Tenure: 7.3yrs
    • Compensation: CN¥1.17m
  • Bo Yin (40yo)

    GM & Executive Director

    • Tenure: 3.5yrs
    • Compensation: CN¥437.00k
  • Deren Yang (55yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥120.00k
  • Marcellus Wong (65yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥120.00k
  • Qijun Chen (48yo)

    Chairman of the Board of Supervisors

    • Tenure: 0yrs
  • Jinjing Xia (38yo)

    Deputy GM & Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥1.83m
  • Shi Wang (37yo)

    Non-Executive Director

    • Tenure: 0.3yrs

Company Information

Xinte Energy Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Xinte Energy Co., Ltd.
  • Ticker: 1799
  • Exchange: SEHK
  • Founded: 2008
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$6.132b
  • Shares outstanding: 1.20b
  • Website: https://www.xtnysolar.com

Number of Employees


Location

  • Xinte Energy Co., Ltd.
  • No. 2499, Mianguangdong Street
  • Ganquanpu Economic and Technological Development Zone (Indus
  • Urumqi
  • Xinjiang Uygur Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1799SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDDec 2015

Biography

Xinte Energy Co., Ltd. operates as a solar-grade polysilicon manufacturer and photovoltaic (PV) project developer in the People’s Republic of China and internationally. The company operates through Polysil ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 12:48
End of Day Share Price2019/09/17 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.