Snowflake Score | |
---|---|
Valuation | 1/6 |
Future Growth | 5/6 |
Past Performance | 2/6 |
Financial Health | 6/6 |
Dividends | 1/6 |
968 Stock Overview
Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People’s Republic of China, rest of Asia, North America, Europe, and internationally.
Rewards
Risk Analysis
No risks detected for 968 from our risk checks.
Xinyi Solar Holdings Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | HK$12.32 |
52 Week High | HK$19.36 |
52 Week Low | HK$10.84 |
Beta | 1.08 |
1 Month Change | -7.23% |
3 Month Change | -9.81% |
1 Year Change | -24.69% |
3 Year Change | 220.00% |
5 Year Change | 457.47% |
Change since IPO | 980.70% |
Recent News & Updates
Is Xinyi Solar Holdings Limited (HKG:968) Worth HK$12.7 Based On Its Intrinsic Value?
Does the June share price for Xinyi Solar Holdings Limited ( HKG:968 ) reflect what it's really worth? Today, we will...
Xinyi Solar Holdings' (HKG:968) Dividend Is Being Reduced To HK$0.10
Xinyi Solar Holdings Limited ( HKG:968 ) is reducing its dividend to HK$0.10 on the 6th of July. The dividend yield...
Shareholder Returns
968 | HK Semiconductor | HK Market | |
---|---|---|---|
7D | -3.1% | 4.6% | 2.1% |
1Y | -24.7% | -16.4% | -23.3% |
Return vs Industry: 968 underperformed the Hong Kong Semiconductor industry which returned -16.4% over the past year.
Return vs Market: 968 underperformed the Hong Kong Market which returned -23.3% over the past year.
Price Volatility
968 volatility | |
---|---|
968 Average Weekly Movement | 6.8% |
Semiconductor Industry Average Movement | 8.1% |
Market Average Movement | 7.0% |
10% most volatile stocks in HK Market | 13.8% |
10% least volatile stocks in HK Market | 3.3% |
Stable Share Price: 968 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 968's weekly volatility (7%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2008 | 7,072 | Yau Ching Lee | https://www.xinyisolar.com |
Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People’s Republic of China, rest of Asia, North America, Europe, and internationally. It operates in two segments, Sales of Solar Glass and Solar Farm Business. The company offers photovoltaic power station, ultraclear patterned glasses, back glasses, and AR photovoltaic glasses.
Xinyi Solar Holdings Fundamentals Summary
968 fundamental statistics | |
---|---|
Market Cap | HK$116.65b |
Earnings (TTM) | HK$4.92b |
Revenue (TTM) | HK$16.06b |
22.2x
P/E Ratio6.8x
P/S RatioIs 968 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
968 income statement (TTM) | |
---|---|
Revenue | HK$16.06b |
Cost of Revenue | HK$8.52b |
Gross Profit | HK$7.55b |
Other Expenses | HK$2.62b |
Earnings | HK$4.92b |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
Earnings per share (EPS) | 0.55 |
Gross Margin | 46.99% |
Net Profit Margin | 30.65% |
Debt/Equity Ratio | 22.3% |
How did 968 perform over the long term?
See historical performance and comparisonDividends
2.2%
Current Dividend Yield49%
Payout RatioValuation
Is 968 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 968?
Other financial metrics that can be useful for relative valuation.
What is 968's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | HK$116.65b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 7.7x |
Enterprise Value/EBITDA | 16x |
PEG Ratio | 1.2x |
Price to Earnings Ratio vs Peers
How does 968's PE Ratio compare to its peers?
968 PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 16.3x | ||
6865 Flat Glass Group | 30.3x | 28.7% | HK$95.5b |
3800 GCL Technology Holdings | 17.2x | 6.9% | HK$101.4b |
522 ASMPT | 8.2x | -0.9% | HK$28.3b |
981 Semiconductor Manufacturing International | 9.4x | -3.1% | HK$141.8b |
968 Xinyi Solar Holdings | 22.2x | 18.1% | HK$116.6b |
Price-To-Earnings vs Peers: 968 is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the peer average (16.3x).
Price to Earnings Ratio vs Industry
How does 968's PE Ratio compare vs other companies in the Asian Semiconductor Industry?
Price-To-Earnings vs Industry: 968 is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the Hong Kong Semiconductor industry average (12.8x)
Price to Earnings Ratio vs Fair Ratio
What is 968's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 22.2x |
Fair PE Ratio | 23x |
Price-To-Earnings vs Fair Ratio: 968 is good value based on its Price-To-Earnings Ratio (22.2x) compared to the estimated Fair Price-To-Earnings Ratio (23x).
Share Price vs Fair Value
What is the Fair Price of 968 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 968 (HK$12.32) is trading above our estimate of fair value (HK$10.05)
Significantly Below Fair Value: 968 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: 968 is poor value based on its PEG Ratio (1.2x)
Discover undervalued companies
Future Growth
How is Xinyi Solar Holdings forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
18.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 968's forecast earnings growth (18.1% per year) is above the savings rate (1.5%).
Earnings vs Market: 968's earnings (18.1% per year) are forecast to grow faster than the Hong Kong market (16.9% per year).
High Growth Earnings: 968's earnings are forecast to grow, but not significantly.
Revenue vs Market: 968's revenue (23% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).
High Growth Revenue: 968's revenue (23% 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 (20.7%)
Discover growth companies
Past Performance
How has Xinyi Solar Holdings performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
24.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 968 has high quality earnings.
Growing Profit Margin: 968's current net profit margins (30.7%) are lower than last year (37%).
Past Earnings Growth Analysis
Earnings Trend: 968's earnings have grown significantly by 24.6% per year over the past 5 years.
Accelerating Growth: 968's earnings growth over the past year (8%) is below its 5-year average (24.6% per year).
Earnings vs Industry: 968 earnings growth over the past year (8%) underperformed the Semiconductor industry 84.6%.
Return on Equity
High ROE: 968's Return on Equity (15.5%) is considered low.
Discover strong past performing companies
Financial Health
How is Xinyi Solar Holdings's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 968's short term assets (HK$20.8B) exceed its short term liabilities (HK$7.7B).
Long Term Liabilities: 968's short term assets (HK$20.8B) exceed its long term liabilities (HK$5.5B).
Debt to Equity History and Analysis
Debt Level: 968's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 968's debt to equity ratio has reduced from 89.5% to 22.3% over the past 5 years.
Debt Coverage: 968's debt is well covered by operating cash flow (45.3%).
Interest Coverage: 968 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Dividend
What is Xinyi Solar Holdings's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.19%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 968's dividend (2.19%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.75%).
High Dividend: 968's dividend (2.19%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.9%).
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 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.5%), 968's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 968 is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
11.6yrs
Average management tenure
CEO
Yau Ching Lee (45 yo)
11.58yrs
Tenure
HK$38,628,000
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...
Leadership Team
Experienced Management: 968's management team is seasoned and experienced (11.6 years average tenure).
Board Members
Experienced Board: 968's board of directors are considered experienced (8.8 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Xinyi Solar Holdings Limited's 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
- Implied Market Cap: HK$116.647b
- Shares outstanding: 8.89b
- Website: https://www.xinyisolar.com
Number of Employees
Location
- Xinyi Solar Holdings Limited
- Xinyi PV Glass Industrial Zone
- No.2 Xinyi Road
- Wuhu
- Anhui Province
- 241009
- China
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/27 00:00 |
End of Day Share Price | 2022/06/27 00:00 |
Earnings | 2021/12/31 |
Annual Earnings | 2021/12/31 |
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.