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3868

Xinyi Energy Holdings SEHK:3868 Stock Report

Last Price

HK$4.18

Market Cap

HK$29.7b

7D

-0.9%

1Y

-8.1%

Updated

25 Jun, 2022

Data

Company Financials +
3868 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends1/6

3868 Stock Overview

Xinyi Energy Holdings Limited, an investment holding company, owns, operates, and manages solar farms in the People's Republic of China.

Xinyi Energy Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Xinyi Energy Holdings
Historical stock prices
Current Share PriceHK$4.18
52 Week HighHK$5.84
52 Week LowHK$3.66
Beta0.40
1 Month Change-1.42%
3 Month Change-7.11%
1 Year Change-8.13%
3 Year Change94.42%
5 Year Changen/a
Change since IPO115.46%

Recent News & Updates

Jun 21
A Look At The Intrinsic Value Of Xinyi Energy Holdings Limited (HKG:3868)

A Look At The Intrinsic Value Of Xinyi Energy Holdings Limited (HKG:3868)

How far off is Xinyi Energy Holdings Limited ( HKG:3868 ) from its intrinsic value? Using the most recent financial...

Apr 06
With EPS Growth And More, Xinyi Energy Holdings (HKG:3868) Is Interesting

With EPS Growth And More, Xinyi Energy Holdings (HKG:3868) Is Interesting

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

3868HK Renewable EnergyHK Market
7D-0.9%4.5%2.1%
1Y-8.1%18.4%-23.3%

Return vs Industry: 3868 underperformed the Hong Kong Renewable Energy industry which returned 18.4% over the past year.

Return vs Market: 3868 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 3868's price volatile compared to industry and market?
3868 volatility
3868 Average Weekly Movement5.0%
Renewable Energy Industry Average Movement6.4%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 3868 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: 3868's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015281Fong Ngai Tunghttps://www.xinyienergy.com

Xinyi Energy Holdings Limited, an investment holding company, owns, operates, and manages solar farms in the People's Republic of China. The company operates solar farms with an installed capacity of 2,494 megawatts. It sells electricity to the State grid companies.

Xinyi Energy Holdings Fundamentals Summary

How do Xinyi Energy Holdings's earnings and revenue compare to its market cap?
3868 fundamental statistics
Market CapHK$29.72b
Earnings (TTM)HK$1.23b
Revenue (TTM)HK$2.30b

24.1x

P/E Ratio

12.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3868 income statement (TTM)
RevenueHK$2.30b
Cost of RevenueHK$617.27m
Gross ProfitHK$1.68b
Other ExpensesHK$447.11m
EarningsHK$1.23b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin73.12%
Net Profit Margin53.65%
Debt/Equity Ratio38.9%

How did 3868 perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

100%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 3868 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3868?

Other financial metrics that can be useful for relative valuation.

3868 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/Revenue14.9x
Enterprise Value/EBITDA15.7x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does 3868's PE Ratio compare to its peers?

3868 PE Ratio vs Peers
The above table shows the PE ratio for 3868 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.7x

Price-To-Earnings vs Peers: 3868 is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the peer average (12.7x).


Price to Earnings Ratio vs Industry

How does 3868's PE Ratio compare vs other companies in the Renewable Energy Industry?

Price-To-Earnings vs Industry: 3868 is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the Hong Kong Renewable Energy industry average (8x)


Price to Earnings Ratio vs Fair Ratio

What is 3868'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.

3868 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.1x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: 3868 is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).


Share Price vs Fair Value

What is the Fair Price of 3868 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3868 (HK$4.18) is trading below our estimate of fair value (HK$4.72)

Significantly Below Fair Value: 3868 is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: 3868 is poor value based on its PEG Ratio (1.9x)


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Future Growth

How is Xinyi Energy Holdings forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3868's forecast earnings growth (12.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 3868's earnings (12.4% per year) are forecast to grow slower than the Hong Kong market (17% per year).

High Growth Earnings: 3868's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3868's revenue (16.8% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).

High Growth Revenue: 3868's revenue (16.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3868's Return on Equity is forecast to be low in 3 years time (14.1%).


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Past Performance

How has Xinyi Energy Holdings performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3868 has high quality earnings.

Growing Profit Margin: 3868's current net profit margins (53.7%) are higher than last year (53.5%).


Past Earnings Growth Analysis

Earnings Trend: 3868's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: 3868's earnings growth over the past year (33.7%) exceeds its 5-year average (13.4% per year).

Earnings vs Industry: 3868 earnings growth over the past year (33.7%) exceeded the Renewable Energy industry 2.8%.


Return on Equity

High ROE: 3868's Return on Equity (9.8%) is considered low.


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Financial Health

How is Xinyi Energy Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 3868's short term assets (HK$6.1B) exceed its short term liabilities (HK$4.7B).

Long Term Liabilities: 3868's short term assets (HK$6.1B) exceed its long term liabilities (HK$3.9B).


Debt to Equity History and Analysis

Debt Level: 3868's net debt to equity ratio (29.7%) is considered satisfactory.

Reducing Debt: 3868's debt to equity ratio has reduced from 64% to 38.9% over the past 5 years.

Debt Coverage: 3868's debt is well covered by operating cash flow (25.1%).

Interest Coverage: 3868's interest payments on its debt are well covered by EBIT (9.7x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.16%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 3868's dividend (4.16%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 3868's dividend (4.16%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 3868 has been paying a dividend for less than 10 years.

Growing Dividend: 3868's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (100.4%), 3868's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (309.9%), 3868's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.4yrs

Average management tenure


CEO

Fong Ngai Tung (33 yo)

no data

Tenure

Mr. Fong Ngai Tung is an Executive Director at Xinyi Energy Holdings Limited since March 15, 2016 and serves as its CEO. He is an Executive Director and CEO of Xinyi Energy at Xinyi Glass Holdings Limited.


Leadership Team

Experienced Management: 3868's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: 3868's board of directors are considered experienced (3.6 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

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


Top Shareholders

Company Information

Xinyi Energy Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Xinyi Energy Holdings Limited
  • Ticker: 3868
  • Exchange: SEHK
  • Founded: 2015
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: HK$29.720b
  • Shares outstanding: 7.11b
  • Website: https://www.xinyienergy.com

Number of Employees


Location

  • Xinyi Energy Holdings Limited
  • No. 102, Meidiya Road
  • E Qiao Town
  • Wuhu
  • Anhui Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
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.