SEHK:3868

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Xinyi Energy Holdings

Executive Summary

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


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Xinyi Energy Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3868's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.5%

3868

0.2%

HK Renewable Energy

-0.3%

HK Market


1 Year Return

106.1%

3868

-12.3%

HK Renewable Energy

0.7%

HK Market

Return vs Industry: 3868 exceeded the Hong Kong Renewable Energy industry which returned -12.3% over the past year.

Return vs Market: 3868 exceeded the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

3868IndustryMarket
7 Day-4.5%0.2%-0.3%
30 Day25.5%1.1%0.2%
90 Day61.6%-1.1%0.3%
1 Year118.8%106.1%-7.6%-12.3%4.9%0.7%
3 Yearn/a-29.8%-37.5%-5.8%-16.1%
5 Yearn/a-48.9%-58.3%14.0%-5.4%

Price Volatility Vs. Market

How volatile is Xinyi Energy Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

16.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3868 (HK$4.04) is trading below our estimate of fair value (HK$4.86)

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


Price To Earnings Ratio

PE vs Industry: 3868 is poor value based on its PE Ratio (28.1x) compared to the HK Renewable Energy industry average (8x).

PE vs Market: 3868 is poor value based on its PE Ratio (28.1x) compared to the Hong Kong market (11.3x).


Price to Earnings Growth Ratio

PEG Ratio: 3868 is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: 3868 is overvalued based on its PB Ratio (2.8x) compared to the HK Renewable Energy industry average (0.5x).


Next Steps

Future Growth

How is Xinyi Energy Holdings forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3868's forecast earnings growth (8.7% per year) is above the savings rate (1.6%).

Earnings vs Market: 3868's earnings (8.7% per year) are forecast to grow slower than the Hong Kong market (22.2% per year).

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

Revenue vs Market: 3868's revenue (10.4% per year) is forecast to grow slower than the Hong Kong market (13.2% per year).

High Growth Revenue: 3868's revenue (10.4% 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 (11.6%).


Next Steps

Past Performance

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

11.3%

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 lower than last year (59.7%).


Past Earnings Growth Analysis

Earnings Trend: 3868's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: 3868's earnings growth over the past year (32%) exceeds its 5-year average (11.3% per year).

Earnings vs Industry: 3868 earnings growth over the past year (32%) exceeded the Renewable Energy industry 9.1%.


Return on Equity

High ROE: 3868's Return on Equity (9.9%) is considered low.


Next Steps

Financial Health

How is Xinyi Energy Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3868's short term assets (HK$4.9B) exceed its short term liabilities (HK$3.4B).

Long Term Liabilities: 3868's short term assets (HK$4.9B) exceed its long term liabilities (HK$1.6B).


Debt to Equity History and Analysis

Debt Level: 3868's debt to equity ratio (21.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 3868's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 3868's debt is well covered by operating cash flow (52.6%).

Interest Coverage: 3868's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Next Steps

Dividend

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

4.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3868's dividend (4.21%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 3868's dividend (4.21%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.86%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 3868's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 3868's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (100.9%), 3868's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3868's dividends in 3 years are not forecast to be well covered by earnings (101.4% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Fong Ngai Tung (32 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

NamePositionTenureCompensationOwnership
Shing Put Lee
Executive Chairman0.17yrno datano data
Fong Ngai Tung
CEO & Executive Directorno datano datano data
Ching Sai Tung
Vice Chairmanno datano data3.26%
HK$ 967.6m
Ling Tuen
Financial Controller & Company Secretary3.75yrsno datano data
Lili Zheng
Administration Officer3.75yrsno datano data
Yau Ching Lee
Executive Director5.33yrsno datano data
Shu E. Cheng
GM & Executive Director2.42yrsno datano data

3.8yrs

Average Tenure

43yo

Average Age

Experienced Management: 3868's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shing Put Lee
Executive Chairman0.17yrno datano data
Fong Ngai Tung
CEO & Executive Directorno datano datano data
Ching Sai Tung
Vice Chairmanno datano data3.26%
HK$ 967.6m
Yau Ching Lee
Executive Director5.33yrsno datano data
Shu E. Cheng
GM & Executive Director2.42yrsno datano data
Kwok Him Ip
Independent Non Executive Director1.92yrsno datano data
Ting Yuk Leung
Independent Non Executive Director1.92yrsno datano data
Fang Lyu
Independent Non Executive Director1.92yrsno datano data

1.9yrs

Average Tenure

44.5yo

Average Age

Experienced Board: 3868's board of directors are not considered experienced ( 1.9 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 5.3%.


Top Shareholders

Company Information

Xinyi Energy Holdings Limited's company bio, 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
  • Market Cap: HK$29.649b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3868SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 2019
3868SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMay 2019

Biography

Xinyi Energy Holdings Limited, an investment holding company, owns, operates, and manages solar farms in the People's Republic of China. The company operates approximately 15 solar farms with an installed ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 12:52
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.