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Market Cap

HK$151.8b

Last Updated

2021/09/18 10:03 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. More Details


Snowflake Analysis

Outstanding track record with flawless 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 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.


Market Performance


7 Day Return

-5.1%

968

-6.3%

HK Semiconductor

-4.6%

HK Market


1 Year Return

64.5%

968

44.7%

HK Semiconductor

5.2%

HK Market

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.


Shareholder returns

968IndustryMarket
7 Day-5.1%-6.3%-4.6%
30 Day11.2%1.2%-1.0%
90 Day14.3%8.5%-10.9%
1 Year68.5%64.5%46.1%44.7%9.0%5.2%
3 Year670.6%617.6%254.1%243.8%10.5%-2.1%
5 Year545.4%430.4%286.1%257.7%29.9%6.5%

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

Valuation

Is Xinyi Solar Holdings undervalued compared to its fair value and its price relative to the market?

36.8%

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).


Future Growth

How is Xinyi Solar Holdings forecast to perform in the next 1 to 3 years based on estimates from 28 analysts?

16.7%

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%).


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 (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.


Financial Health

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).


Balance Sheet


Dividend

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

1.99%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.8yrs

Average management tenure


CEO

Yau Ching Lee (45 yo)

10.83yrs

Tenure

HK$29,166,000

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 ($USD3.75M) is above average for companies of similar size in the Hong Kong market ($USD1.04M).

Compensation vs Earnings: Yau Ching's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 968's management team is seasoned and experienced (10.8 years average tenure).


Board Members

Experienced Board: 968's board of directors are considered experienced (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 been diluted in the past year, with total shares outstanding growing by 5.2%.


Top Shareholders

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$151.827b
  • 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


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 10:03
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.