Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People’s Republic of China, Malaysia, and internationally. More Details
Outstanding track record with flawless balance sheet.
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 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 968's weekly volatility (8%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 968 exceeded the Hong Kong Semiconductor industry which returned 44.7% over the past year.
Return vs Market: 968 exceeded the Hong Kong Market which returned 5.2% over the past year.
Long-Term 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
19 hours ago | Simply Wall StXinyi Solar Holdings (HKG:968) Seems To Use Debt Quite Sensibly
1 week ago | Simply Wall StInvestors Shouldn't Overlook The Favourable Returns On Capital At Xinyi Solar Holdings (HKG:968)
3 weeks ago | Simply Wall StHere's Why I Think Xinyi Solar Holdings (HKG:968) Might Deserve Your Attention Today
Is Xinyi Solar 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: 968 (HK$17.08) is trading below our estimate of fair value (HK$27.01)
Significantly Below Fair Value: 968 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 968 is good value based on its PE Ratio (24.4x) compared to the Hong Kong Semiconductor industry average (24.6x).
PE vs Market: 968 is poor value based on its PE Ratio (24.4x) compared to the Hong Kong market (10x).
Price to Earnings Growth Ratio
PEG Ratio: 968 is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 968 is overvalued based on its PB Ratio (5.4x) compared to the HK Semiconductor industry average (2.4x).
How is Xinyi Solar Holdings forecast to perform in the next 1 to 3 years based on estimates from 28 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 968's forecast earnings growth (16.7% per year) is above the savings rate (1.5%).
Earnings vs Market: 968's earnings (16.7% per year) are forecast to grow slower than the Hong Kong market (17.2% per year).
High Growth Earnings: 968's earnings are forecast to grow, but not significantly.
Revenue vs Market: 968's revenue (25.8% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).
High Growth Revenue: 968's revenue (25.8% 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 low in 3 years time (19.9%).
How has Xinyi Solar Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 968 has high quality earnings.
Growing Profit Margin: 968's current net profit margins (39.5%) are higher than last year (29.5%).
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 earnings growth over the past year (116.9%) exceeds its 5-year average (22.1% per year).
Earnings vs Industry: 968 earnings growth over the past year (116.9%) exceeded the Semiconductor industry 52%.
Return on Equity
High ROE: 968's Return on Equity (20.2%) is considered high.
How is Xinyi Solar Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 968's short term assets (HK$21.4B) exceed its short term liabilities (HK$9.2B).
Long Term Liabilities: 968's short term assets (HK$21.4B) exceed its long term liabilities (HK$4.7B).
Debt to Equity History and Analysis
Debt Level: 968's debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: 968's debt to equity ratio has reduced from 66.5% to 19.4% over the past 5 years.
Debt Coverage: 968's debt is well covered by operating cash flow (95.9%).
Interest Coverage: 968's interest payments on its debt are well covered by EBIT (251.7x coverage).
What is Xinyi Solar Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 968's dividend (1.99%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 968's dividend (1.99%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.76%).
Stability and Growth of Payments
Stable Dividend: 968 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 968's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.9%), 968's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 968's dividends in 3 years are forecast to be well covered by earnings (48% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yau Ching Lee (45 yo)
Mr. Yau Ching Lee is an Executive Director at Xinyi Energy Holdings Limited since June 26, 2015. He serves as the General Manager of both YiDe Glass (Shenzhen) Co., Ltd. and Xinyi Glass Technology (Shenzhe...
CEO Compensation Analysis
Compensation vs Market: Yau Ching's total compensation ($USD3.75M) is above average for companies of similar size in the Hong Kong market ($USD1.04M).
Compensation vs Earnings: Yau Ching's compensation has increased by more than 20% in the past year.
Experienced Management: 968's management team is seasoned and experienced (10.8 years average tenure).
Experienced Board: 968's board of directors are considered experienced (8 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 been diluted in the past year, with total shares outstanding growing by 5.2%.
Xinyi Solar Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Xinyi Solar Holdings Limited
- Ticker: 968
- Exchange: SEHK
- Founded: 2008
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: HK$151.827b
- Shares outstanding: 8.89b
- Website: https://www.xinyisolar.com
Number of Employees
- Xinyi Solar Holdings Limited
- Xinyi PV Glass Industrial Zone
- No.2 Xinyi Road
- Anhui Province
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||2021/09/18 10:03|
|End of Day Share Price||2021/09/17 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.