Xiaomi Corporation

SEHK:1810 Stock Report

Market Cap: HK$788.9b

Xiaomi Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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$31.65) is trading below our estimate of fair value (HK$36.57)

Significantly Below Fair Value: 1810 is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As 1810 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1810. This is calculated by dividing 1810's market cap by their current earnings.
What is 1810's PE Ratio?
PE Ratio38.2x
EarningsCN¥19.36b
Market CapCN¥740.26b

Price to Earnings Ratio vs Peers

How does 1810's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.9x
992 Lenovo Group
12.7x16.9%HK$117.5b
DELL Dell Technologies
19.8x14.6%US$81.1b
1263 PC Partner Group
7.6xn/aHK$1.8b
1401 Sprocomm Intelligence
43.3xn/aHK$1.5b
1810 Xiaomi
38.2x21.3%HK$788.9b

Price-To-Earnings vs Peers: 1810 is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the peer average (20.9x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1810 38.2xIndustry Avg. 22.0xNo. of Companies26PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1810 is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the Asian Tech industry average (22x).

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 Ratio38.2x
Fair PE Ratio21.4x

Price-To-Earnings vs Fair Ratio: 1810 is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.4x).

Analyst Price Targets

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

The above table shows the analyst 1810 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$31.65
HK$31.86
+0.7%
16.9%HK$42.91HK$18.85n/a33
Dec ’25HK$27.75
HK$31.16
+12.3%
17.9%HK$36.04HK$18.16n/a30
Nov ’25HK$27.30
HK$24.91
-8.7%
16.4%HK$34.55HK$17.01n/a30
Oct ’25HK$22.50
HK$23.84
+5.9%
14.0%HK$30.90HK$15.16n/a30
Sep ’25HK$19.50
HK$23.41
+20.1%
14.6%HK$31.14HK$15.35n/a30
Aug ’25HK$16.68
HK$22.12
+32.6%
15.5%HK$30.36HK$15.03n/a29
Jul ’25HK$16.48
HK$21.87
+32.7%
17.1%HK$30.36HK$13.90n/a28
Jun ’25HK$17.48
HK$21.85
+25.0%
17.0%HK$30.36HK$13.97n/a29
May ’25HK$17.32
HK$19.66
+13.5%
17.8%HK$31.24HK$13.98n/a28
Apr ’25HK$14.94
HK$18.36
+22.9%
19.2%HK$27.70HK$10.60n/a29
Mar ’25HK$13.32
HK$18.09
+35.8%
20.7%HK$27.18HK$10.66n/a27
Feb ’25HK$12.38
HK$18.67
+50.8%
17.7%HK$24.94HK$10.67n/a27
Jan ’25HK$15.60
HK$18.52
+18.7%
18.2%HK$24.90HK$10.78n/a29
Dec ’24HK$15.16
HK$18.29
+20.7%
18.8%HK$24.94HK$10.73HK$27.7529
Nov ’24HK$14.22
HK$15.06
+5.9%
19.0%HK$20.20HK$7.62HK$27.3028
Oct ’24HK$12.34
HK$14.56
+18.0%
18.1%HK$19.89HK$7.64HK$22.5028
Sep ’24HK$12.36
HK$14.75
+19.3%
18.1%HK$20.06HK$7.71HK$19.5028
Aug ’24HK$12.16
HK$13.51
+11.1%
18.5%HK$19.61HK$7.74HK$16.6828
Jul ’24HK$10.72
HK$13.32
+24.2%
18.7%HK$19.55HK$7.72HK$16.4828
Jun ’24HK$10.26
HK$13.54
+32.0%
18.8%HK$19.90HK$7.86HK$17.4828
May ’24HK$11.06
HK$13.89
+25.6%
19.6%HK$19.97HK$8.09HK$17.3227
Apr ’24HK$12.10
HK$13.87
+14.6%
19.6%HK$19.77HK$8.09HK$14.9427
Mar ’24HK$12.60
HK$13.68
+8.6%
23.2%HK$19.64HK$5.21HK$13.3227
Feb ’24HK$13.50
HK$12.49
-7.5%
20.9%HK$16.70HK$5.57HK$12.3828
Jan ’24HK$10.94
HK$11.86
+8.4%
19.8%HK$16.04HK$5.35HK$15.6029
Dec ’23HK$10.46
HK$11.72
+12.0%
19.9%HK$16.17HK$5.36HK$15.1629

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 04:24
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Xiaomi Corporation is covered by 52 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zixiao YangArete Research Services LLP
Richard KramerArete Research Services LLP
Jiong ShaoBarclays