Xinyi Solar Holdings
Market Cap
HK$43.6b
Last Updated
2019/12/14 12:51 UTC
Data Sources
Company Financials +
Executive Summary
Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People’s Republic of China, Malaysia, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Xinyi Solar Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 968 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.7%
968
2.9%
HK Semiconductor
3.5%
HK Market
1 Year Return
90.1%
968
41.2%
HK Semiconductor
2.3%
HK Market
Return vs Industry: 968 exceeded the Hong Kong Semiconductor industry which returned 41.2% over the past year.
Return vs Market: 968 exceeded the Hong Kong Market which returned 2.3% over the past year.
Shareholder returns
| 968 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 2.9% | 3.5% |
| 30 Day | 18.2% | 12.9% | 3.1% |
| 90 Day | 8.9% | 8.2% | 1.1% |
| 1 Year | 94.5%90.1% | 43.2%41.2% | 6.0%2.3% |
| 3 Year | 157.5%122.2% | 34.8%28.5% | 25.4%12.7% |
| 5 Year | 228.5%167.3% | 13.6%4.4% | 23.0%2.4% |
Price Volatility Vs. Market
How volatile is Xinyi Solar Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Xinyi Solar Holdings Limited (HKG:968) Excessively Paying Its CEO?2 weeks ago | Simply Wall St
Why Xinyi Solar Holdings Limited (HKG:968) Could Be Worth Watching1 month ago | Simply Wall St
Is Xinyi Solar Holdings (HKG:968) A Risky Investment?Valuation
Is Xinyi Solar Holdings undervalued compared to its fair value and its price relative to the market?
26.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 968 (HK$5.4) is trading above our estimate of fair value (HK$4.57)
Significantly Below Fair Value: 968 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 968 is poor value based on its PE Ratio (26x) compared to the Semiconductor industry average (15x).
PE vs Market: 968 is poor value based on its PE Ratio (26x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: 968 is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: 968 is overvalued based on its PB Ratio (3.2x) compared to the HK Semiconductor industry average (1.4x).
Next Steps
Future Growth
How is Xinyi Solar Holdings forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
26.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 968's forecast earnings growth (26.8% per year) is above the savings rate (1.6%).
Earnings vs Market: 968's earnings (26.8% per year) are forecast to grow faster than the Hong Kong market (11.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 968's revenue (20.3% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).
High Growth Revenue: 968's revenue (20.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 968's Return on Equity is forecast to be high in 3 years time (20.9%)
Next Steps
Past Performance
How has Xinyi Solar Holdings performed over the past 5 years?
22.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 968 has high quality earnings.
Growing Profit Margin: 968's current net profit margins (21.4%) are lower than last year (27.3%).
Past Earnings Growth Analysis
Earnings Trend: 968's earnings have grown significantly by 22.1% per year over the past 5 years.
Accelerating Growth: 968's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 968 had negative earnings growth (-30.1%) over the past year, making it difficult to compare to the Semiconductor industry average (5.3%).
Return on Equity
High ROE: 968's Return on Equity (10.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Xinyi Solar Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 968's short term assets (HK$11.3B) exceed its short term liabilities (HK$6.7B).
Long Term Liabilities: 968's short term assets (HK$11.3B) exceed its long term liabilities (HK$5.4B).
Debt to Equity History and Analysis
Debt Level: 968's debt to equity ratio (44.7%) is considered high.
Reducing Debt: 968's debt to equity ratio has increased from 17.3% to 44.7% over the past 5 years.
Debt Coverage: 968's debt is well covered by operating cash flow (25.2%).
Interest Coverage: 968's interest payments on its debt are well covered by EBIT (7.8x coverage).
Balance Sheet
Inventory Level: 968 has a high level of physical assets or inventory.
Debt Coverage by Assets: 968's debt is covered by short term assets (assets are 1.4x debt).
Next Steps
Dividend
What is Xinyi Solar Holdings's current dividend yield, its reliability and sustainability?
2.26%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 968's dividend (2.26%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.21%).
High Dividend: 968's dividend (2.26%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.15%).
Stability and Growth of Payments
Stable Dividend: 968 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 968's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.8%), 968's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 968's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).
Next Steps
Management
What is the CEO of Xinyi Solar Holdings's salary, the management and board of directors tenure and is there insider trading?
9.1yrs
Average management tenure
CEO
Yau Ching Lee (43yo)
9.1yrs
Tenure
HK$18,207,000
Compensation
Mr. Yau Ching Lee is an Executive Director at Xinyi Energy Holdings Limited since June 26, 2015. He serves as the General Manager of both YiDe Glass (Shenzhen) Co., Ltd. and Xinyi Glass Technology (Shenzhe ...
CEO Compensation Analysis
Compensation vs Market: Yau Ching's total compensation ($USD2.34M) is above average for companies of similar size in the Hong Kong market ($USD611.85K).
Compensation vs Earnings: Yau Ching's compensation has been consistent with company performance over the past year.
Management Age and Tenure
9.1yrs
Average Tenure
59yo
Average Age
Experienced Management: 968's management team is seasoned and experienced (9.1 years average tenure).
Board Age and Tenure
6.3yrs
Average Tenure
61yo
Average Age
Experienced Board: 968's board of directors are considered experienced (6.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 4,446,675 |
| Max Price | HK$4.10 |
| Entity | Company |
| Shares | 51,441,601 |
| Max Price | HK$4.07 |
| Entity | Company |
| Shares | 314,000,000 |
| Max Price | HK$3.75 |
| Entity | Company |
| Shares | 6,000,000 |
| Max Price | HK$4.34 |
| Entity | Company |
| Shares | 8,936,000 |
| Max Price | HK$4.21 |
| Entity | Company |
| Shares | 3,900,000 |
| Max Price | HK$4.29 |
| Entity | Company |
| Shares | 380,000,000 |
| Max Price | HK$3.47 |
| Entity | Company |
| Shares | 380,000,000 |
| Max Price | HK$3.47 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.
Management Team
Daniel Chu (49yo)
Financial Controller & Company Secretary
- Tenure: 0yrs
Man Li (64yo)
Executive Director
- Tenure: 6.3yrs
- Compensation: HK$7.41m
Yin Yee Lee (66yo)
Chairman
- Tenure: 0yrs
Yau Ching Lee (43yo)
CEO & Executive Director
- Tenure: 9.1yrs
- Compensation: HK$18.21m
Xi Chen (61yo)
Executive Director
- Tenure: 6.3yrs
- Compensation: HK$2.51m
Jie Wen (57yo)
General Manager of Sales
- Tenure: 10.6yrs
Board Members
Ching Sai Tung (53yo)
Vice Chairman
- Tenure: 0yrs
Man Li (64yo)
Executive Director
- Tenure: 6.3yrs
- Compensation: HK$7.41m
Yin Yee Lee (66yo)
Chairman
- Tenure: 0yrs
Yau Ching Lee (43yo)
CEO & Executive Director
- Tenure: 9.1yrs
- Compensation: HK$18.21m
Shing Lee (42yo)
Non-Executive Director
- Tenure: 6.3yrs
- Compensation: HK$250.00k
Xi Chen (61yo)
Executive Director
- Tenure: 6.3yrs
- Compensation: HK$2.51m
Vincent Lo (72yo)
Independent Non-Executive Director
- Tenure: 6.1yrs
- Compensation: HK$250.00k
Paul Cheng (68yo)
Independent Non-Executive Director
- Tenure: 6.1yrs
- Compensation: HK$300.00k
Martin Kan (36yo)
Independent Non-Executive Director
- Tenure: 6.1yrs
- Compensation: HK$250.00k
Company Information
Xinyi Solar Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Xinyi Solar Holdings Limited
- Ticker: 968
- Exchange: SEHK
- Founded: 2008
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: HK$43.640b
- Shares outstanding: 8.08b
- Website: https://www.xinyisolar.com
Number of Employees
Location
- Xinyi Solar Holdings Limited
- Xinyi PV Glass Industrial Zone
- 2 Xinyi Road
- Wuhu
- Anhui Province
- 241009
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 968 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 2013 |
| 13X | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2013 |
| 968 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Dec 2013 |
| 968 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Dec 2013 |
| XNYI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2013 |
Biography
Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People’s Republic of China, Malaysia, and internationally. It operates through three segments: Sa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/14 12:51 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.