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1810

Xiaomi SEHK:1810 Stock Report

Last Price

HK$8.79

Market Cap

HK$218.0b

7D

-9.1%

1Y

-57.2%

Updated

03 Oct, 2022

Data

Company Financials +
1810 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends0/6

1810 Stock 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$8.79
52 Week HighHK$23.20
52 Week LowHK$8.67
Beta1.24
1 Month Change-21.24%
3 Month Change-34.21%
1 Year Change-57.23%
3 Year Change-1.79%
5 Year Changen/a
Change since IPO-47.68%

Recent News & Updates

Sep 21
Is Now An Opportune Moment To Examine Xiaomi Corporation (HKG:1810)?

Is Now An Opportune Moment To Examine Xiaomi Corporation (HKG:1810)?

Let's talk about the popular Xiaomi Corporation ( HKG:1810 ). The company's shares received a lot of attention from a...

Aug 16
Investors Met With Slowing Returns on Capital At Xiaomi (HKG:1810)

Investors Met With Slowing Returns on Capital At Xiaomi (HKG:1810)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Jul 20
We Think Xiaomi (HKG:1810) Can Manage Its Debt With Ease

We Think Xiaomi (HKG:1810) Can Manage Its Debt With Ease

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

1810HK TechHK Market
7D-9.1%-8.9%-4.3%
1Y-57.2%-54.0%-28.3%

Return vs Industry: 1810 underperformed the Hong Kong Tech industry which returned -53.8% over the past year.

Return vs Market: 1810 underperformed the Hong Kong Market which returned -28.8% over the past year.

Price Volatility

Is 1810's price volatile compared to industry and market?
1810 volatility
1810 Average Weekly Movement5.2%
Tech Industry Average Movement5.1%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

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
201032,869Jun 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 CapHK$218.04b
Earnings (TTM)HK$4.50b
Revenue (TTM)HK$338.92b

48.5x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1810 income statement (TTM)
RevenueCN¥307.16b
Cost of RevenueCN¥253.73b
Gross ProfitCN¥53.43b
Other ExpensesCN¥49.35b
EarningsCN¥4.08b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin17.39%
Net Profit Margin1.33%
Debt/Equity Ratio24.0%

How did 1810 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1810 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1810?

Other financial metrics that can be useful for relative valuation.

1810 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA10.4x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 1810's PE Ratio compare to its peers?

1810 PE Ratio vs Peers
The above table shows the PE ratio for 1810 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average51.1x
992 Lenovo Group
4x5.9%HK$65.1b
3396 Legend Holdings
8.5x82.7%HK$16.0b
2385 Readboy Education Holding
191.3xn/aHK$2.3b
1263 PC Partner Group
0.7xn/aHK$1.6b
1810 Xiaomi
48.5x44.2%HK$218.0b

Price-To-Earnings vs Peers: 1810 is good value based on its Price-To-Earnings Ratio (48.5x) compared to the peer average (51.1x).


Price to Earnings Ratio vs Industry

How does 1810's PE Ratio compare vs other companies in the Asian Tech Industry?

Price-To-Earnings vs Industry: 1810 is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the Asian Tech industry average (13.2x)


Price to Earnings Ratio vs Fair Ratio

What is 1810'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.

1810 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.5x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: 1810 is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).


Share Price vs Fair Value

What is the Fair Price of 1810 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1810 (HK$8.79) is trading below our estimate of fair value (HK$22.32)

Significantly Below Fair Value: 1810 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Xiaomi forecast to perform in the next 1 to 3 years based on estimates from 30 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


44.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1810's forecast earnings growth (44.2% per year) is above the savings rate (1.6%).

Earnings vs Market: 1810's earnings (44.2% per year) are forecast to grow faster than the Hong Kong market (16.8% per year).

High Growth Earnings: 1810's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1810's revenue (11.2% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).

High Growth Revenue: 1810's revenue (11.2% 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 (11.4%).


Discover growth companies

Past Performance

How has Xiaomi performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


54.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1810 has a high level of non-cash earnings.

Growing Profit Margin: 1810's current net profit margins (1.3%) are lower than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: 1810 has become profitable over the past 5 years, growing earnings by 54% per year.

Accelerating Growth: 1810's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1810 had negative earnings growth (-86.3%) over the past year, making it difficult to compare to the Tech industry average (-11%).


Return on Equity

High ROE: 1810's Return on Equity (2.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Xiaomi's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1810's short term assets (CN¥179.7B) exceed its short term liabilities (CN¥107.3B).

Long Term Liabilities: 1810's short term assets (CN¥179.7B) exceed its long term liabilities (CN¥44.9B).


Debt to Equity History and Analysis

Debt Level: 1810 has more cash than its total debt.

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

Debt Coverage: 1810's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1810's interest payments on its debt are well covered by EBIT (14.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Xiaomi Dividend Yield vs Market
How does Xiaomi dividend yield compare to the market?
SegmentDividend Yield
Company (Xiaomi)n/a
Market Bottom 25% (HK)3.1%
Market Top 25% (HK)9.0%
Industry Average (Tech)3.6%
Analyst forecast in 3 Years (Xiaomi)0%

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1810 has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.5yrs

Average management tenure


CEO

Jun Lei (53 yo)

12.42yrs

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 joined Beijing Kingsoft Office Software, Inc. in 1992. He serves as the...


Leadership Team

Experienced Management: 1810's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 1810's board of directors are considered experienced (4.3 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.


Ownership Breakdown

What is the ownership structure of 1810?
Owner TypeNumber of SharesOwnership Percentage
Public Companies365,313,6921.5%
Private Companies594,955,0532.4%
Institutions3,660,332,55514.8%
Individual Insiders8,706,894,38035.1%
General Public11,478,486,34046.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 51.77% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
25.65%
Jun Lei
6,362,359,390CN¥55.9b0%no data
9.43%
Bin Lin
2,339,920,210CN¥20.6b0%no data
2.55%
BlackRock, Inc.
633,627,128CN¥5.6b3.35%0.02%
2.3%
The Vanguard Group, Inc.
571,366,109CN¥5.0b2.46%0.02%
2.25%
Mini Stone Limited
558,185,303CN¥4.9b0%no data
1.91%
Noah Holdings Limited, Asset Management Arm
472,554,905CN¥4.2b0%100%
1.47%
Noah Holdings Limited
365,313,692CN¥3.2b0%no data
0.85%
State Street Global Advisors, Inc.
212,087,998CN¥1.9b9%0.01%
0.69%
Norges Bank Investment Management
170,814,223CN¥1.5b0%0.03%
0.66%
The Morningside Group Limited
163,939,174CN¥1.4b0%12.67%
0.64%
China Asset Management Co., Ltd.
157,640,561CN¥1.4b0.24%0.4%
0.57%
E Fund Management Co., Ltd.
140,785,410CN¥1.2b33.8%0.28%
0.56%
Hang Seng Investment Management Limited
138,491,140CN¥1.2b1.11%2.03%
0.53%
CSOP Asset Management Limited
130,895,581CN¥1.2b5.97%6.61%
0.34%
Dimensional Fund Advisors LP
84,139,311CN¥739.6m1.08%0.02%
0.23%
Geode Capital Management, LLC
56,600,891CN¥497.5m2.39%0.01%
0.2%
Penghua Fund Management Co. Ltd.
49,470,530CN¥434.8m0%0.39%
0.16%
HSBC Global Asset Management (UK) Limited
39,716,124CN¥349.1m2.58%0.04%
0.14%
Rosefinch Fund Management Co., Ltd.
35,027,800CN¥307.9m0%1.68%
0.11%
Shunwei, Inc.
28,006,884CN¥246.2m0%5.31%
0.11%
AP Fonden 7
26,964,000CN¥237.0m0%0.05%
0.11%
UBS Asset Management
26,927,600CN¥236.7m2.65%0.01%
0.1%
Charles Schwab Investment Management, Inc.
25,996,561CN¥228.5m0.83%0.01%
0.1%
Northern Trust Global Investments
25,100,853CN¥220.6m0.76%0.01%
0.1%
Harvest Fund Management Co., Ltd.
24,978,000CN¥219.6m0%0.1%

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
  • Implied Market Cap: HK$218.045b
  • Shares outstanding: 24.81b
  • Website: https://www.mi.com

Number of Employees


Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1810SEHK (The Stock Exchange of Hong Kong Ltd.)YesClass B Ordinary SharesHKHKDJul 2018
XIAC.FOTCPK (Pink Sheets LLC)YesClass B Ordinary SharesUSUSDJul 2018
3CPDB (Deutsche Boerse AG)YesClass B Ordinary SharesDEEURJul 2018
1810SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesClass B Ordinary SharesHKHKDJul 2018
1810SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesClass B Ordinary SharesHKHKDJul 2018
1810 NBMV (Bolsa Mexicana de Valores)YesClass B Ordinary SharesMXMXNJul 2018
3CPBUL (Bulgaria Stock Exchange)YesClass B Ordinary SharesBGEURJul 2018
XIAC.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDAug 2018
3CPADB (Deutsche Boerse AG)UNSPONSORED ADSDEEURAug 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.