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1810

XiaomiSEHK:1810 Stock Report

Market Cap

HK$552.3b

7D

-3.9%

1Y

12.1%

Updated

24 Sep, 2021

Data

Company Financials +
1810 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends0/6

1810 Overview

Xiaomi Corporation, an investment holding company, provides hardware, software, and internet services in Mainland China, India, Europe, and internationally.

Xiaomi Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Xiaomi
Historical stock prices
Current Share PriceHK$22.10
52 Week HighHK$19.40
52 Week LowHK$35.90
Beta1.44
1 Month Change-12.82%
3 Month Change-20.50%
1 Year Change12.07%
3 Year Change42.58%
5 Year Changen/a
Change since IPO31.55%

Recent News & Updates

Shareholder Returns

1810HK TechHK Market
7D-3.9%-1.5%-0.9%
1Y12.1%20.7%10.1%

Return vs Industry: 1810 underperformed the Hong Kong Tech industry which returned 20.7% over the past year.

Return vs Market: 1810 exceeded the Hong Kong Market which returned 10.1% over the past year.

Price Volatility

Is 1810's price volatile compared to industry and market?
1810 volatility
1810 Beta1.44
Industry Beta1.37
Market Beta1

Stable Share Price: 1810 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 1810's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201026,110Jun Leihttps://www.mi.com

Xiaomi Corporation, an investment holding company, provides hardware, software, and internet services in Mainland China, India, Europe, and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones.

Xiaomi Fundamentals Summary

How do Xiaomi's earnings and revenue compare to its market cap?
1810 fundamental statistics
Market CapCN¥458.30b
Earnings (TTM)CN¥29.76b
Revenue (TTM)CN¥307.30b

15.4x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1810 income statement (TTM)
RevenueCN¥307.30b
Cost of RevenueCN¥256.50b
Gross ProfitCN¥50.80b
ExpensesCN¥21.05b
EarningsCN¥29.76b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.19
Gross Margin16.53%
Net Profit Margin9.68%
Debt/Equity Ratio14.2%

How did 1810 perform over the long term?

See historical performance and comparison

Valuation

Is Xiaomi undervalued compared to its fair value and its price relative to the market?

15.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1810 (HK$22.1) is trading above our estimate of fair value (HK$13.74)

Significantly Below Fair Value: 1810 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1810 is poor value based on its PE Ratio (15.4x) compared to the Hong Kong Tech industry average (9.1x).

PE vs Market: 1810 is poor value based on its PE Ratio (15.4x) compared to the Hong Kong market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: 1810 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 1810 is overvalued based on its PB Ratio (3.4x) compared to the HK Tech industry average (1.2x).


Future Growth

How is Xiaomi forecast to perform in the next 1 to 3 years based on estimates from 32 analysts?

11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1810's forecast earnings growth (11.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 1810's earnings (11.4% per year) are forecast to grow slower than the Hong Kong market (17.1% per year).

High Growth Earnings: 1810's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1810's revenue (15.8% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).

High Growth Revenue: 1810's revenue (15.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1810's Return on Equity is forecast to be low in 3 years time (14.8%).


Past Performance

How has Xiaomi performed over the past 5 years?

67.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1810 has a large one-off gain of CN¥17.0B impacting its June 30 2021 financial results.

Growing Profit Margin: 1810's current net profit margins (9.7%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: 1810 has become profitable over the past 5 years, growing earnings by 67.4% per year.

Accelerating Growth: 1810's earnings growth over the past year (155.9%) exceeds its 5-year average (67.4% per year).

Earnings vs Industry: 1810 earnings growth over the past year (155.9%) exceeded the Tech industry 73.4%.


Return on Equity

High ROE: 1810's Return on Equity (21.8%) is considered high.


Financial Health

How is Xiaomi's financial position?


Financial Position Analysis

Short Term Liabilities: 1810's short term assets (CN¥200.3B) exceed its short term liabilities (CN¥131.0B).

Long Term Liabilities: 1810's short term assets (CN¥200.3B) exceed its long term liabilities (CN¥29.4B).


Debt to Equity History and Analysis

Debt Level: 1810's debt to equity ratio (14.2%) is considered satisfactory.

Reducing Debt: 1810 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: 1810's debt is well covered by operating cash flow (176.5%).

Interest Coverage: 1810's interest payments on its debt are well covered by EBIT (8.7x coverage).


Balance Sheet


Dividend

What is Xiaomi current dividend yield, its reliability and sustainability?

0.04%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1810's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1810's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1810's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1810's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1810's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Jun Lei (52 yo)

no data

Tenure

Mr. Jun Lei has been Chairman of the Board of Kingsoft Cloud Holdings Limited since April 2015 and its Director since August 2008. He serves as the Chairman of the Board and Chief Executive Officer of Xiao...


Leadership Team

Experienced Management: 1810's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: 1810's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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 3.7%.


Top Shareholders

Company Information

Xiaomi Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Xiaomi Corporation
  • Ticker: 1810
  • Exchange: SEHK
  • Founded: 2010
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: HK$552.347b
  • Shares outstanding: 24.99b
  • Website: https://www.mi.com

Number of Employees


Location

  • Xiaomi Corporation
  • Xiaomi Campus
  • Anningzhuang Road
  • Beijing
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 15:43
End of Day Share Price2021/09/24 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.