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

3868 is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (9.4x).

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

3868 is good value based on its Price-To-Earnings Ratio (8x) compared to the Asian Renewable Energy industry average (14.9x).

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 is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).

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

3868 (HK$0.78) is trading below our estimate of [[fair value]] (HK$0.99)

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

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

3868 Stock Overview

An investment holding company, owns, operates, and manages solar farms in the People's Republic of China. More details

3868 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	2/6
Financial Health	3/6
Dividends	2/6

Rewards

Trading at 21.5% below our estimate of its fair value

Earnings are forecast to grow 11.77% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 5.9% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Xinyi Energy Holdings Limited Competitors

Concord New Energy Group

SEHK:182

HK$4.0b

China Datang Corporation Renewable Power

SEHK:1798

HK$15.2b

Shandong Hi-Speed New Energy Group

SEHK:1250

HK$3.9b

Canvest Environmental Protection Group

SEHK:1381

HK$11.2b

Price History & Performance

Summary of share price highs, lows and changes for Xinyi Energy Holdings
Historical stock prices
Current Share Price	HK$0.78
52 Week High	HK$1.46
52 Week Low	HK$0.66
Beta	0.76
1 Month Change	-1.27%
3 Month Change	-15.22%
1 Year Change	-46.58%
3 Year Change	-81.34%
5 Year Change	n/a
Change since IPO	-80.20%

Recent updates

Shareholder Returns

	3868	HK Renewable Energy	HK Market
7D	-1.3%	-0.5%	1.9%
1Y	-46.6%	17.8%	18.1%

Return vs Industry: 3868 underperformed the Hong Kong Renewable Energy industry which returned 19.2% over the past year.

Return vs Market: 3868 underperformed the Hong Kong Market which returned 20.6% over the past year.

Price Volatility

Is 3868's price volatile compared to industry and market?
3868 volatility
3868 Average Weekly Movement	8.7%
Renewable Energy Industry Average Movement	6.9%
Market Average Movement	8.6%
10% most volatile stocks in HK Market	18.7%
10% least volatile stocks in HK Market	4.0%

Stable Share Price: 3868 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 3868's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	387	Fong Ngai Tung	www.xinyienergy.com

Xinyi Energy Holdings Limited, an investment holding company, owns, operates, and manages solar farms in the People's Republic of China. It sells electricity to the state-owned grid enterprises. The company was incorporated in 2015 and is based in Wuhu, the People's Republic of China.

Xinyi Energy Holdings Limited Fundamentals Summary

How do Xinyi Energy Holdings's earnings and revenue compare to its market cap?
3868 fundamental statistics
Market cap	HK$6.53b
Earnings (TTM)	HK$820.65m
Revenue (TTM)	HK$2.45b

8.0x

P/E Ratio

2.7x

P/S Ratio

Is 3868 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3868 income statement (TTM)
Revenue	HK$2.45b
Cost of Revenue	HK$860.18m
Gross Profit	HK$1.59b
Other Expenses	HK$766.39m
Earnings	HK$820.65m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.098
Gross Margin	64.85%
Net Profit Margin	33.53%
Debt/Equity Ratio	50.9%

How did 3868 perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

49%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 15:11
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Xinyi Energy Holdings Limited is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Sun Feifei	CGS International
Jiani Liu	China International Capital Corporation Limited
Xiang Li	Citic Securities Co., Ltd.

3868 Stock Overview

Rewards

Risk Analysis

Xinyi Energy Holdings Limited Competitors

SEHK:182

HK$4.0b

SEHK:1798

HK$15.2b

SEHK:1250

HK$3.9b

SEHK:1381

HK$11.2b

Price History & Performance

Recent News & Updates

Now 23% undervalued after recent price drop

Investor sentiment improves as stock rises 16%

First half 2024 earnings released: EPS: HK$0.048 (vs HK$0.075 in 1H 2023)

Now 20% undervalued after recent price drop

First half 2024 earnings released: EPS: HK$0.048 (vs HK$0.075 in 1H 2023)

First half dividend of HK$0.023 announced

Recent updates

Now 23% undervalued after recent price drop

Investor sentiment improves as stock rises 16%

First half 2024 earnings released: EPS: HK$0.048 (vs HK$0.075 in 1H 2023)

Now 20% undervalued after recent price drop

First half 2024 earnings released: EPS: HK$0.048 (vs HK$0.075 in 1H 2023)

First half dividend of HK$0.023 announced

Xinyi Energy Holdings Limited Proposes Interim (Semi-Annual) Dividend for the Six Months Ended 30 June 2024, Payable on 16 October 2024

Now 22% undervalued after recent price drop

Xinyi Energy Holdings Limited to Report First Half, 2024 Results on Jul 31, 2024

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Xinyi Energy Holdings Limited Announces Financial Controller Changes, Effective 1 July 2024

Xinyi Energy Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.026 per share

New major risk - Financial position

Now 20% undervalued after recent price drop

Final dividend of HK$0.026 announced

Full year 2023 earnings released: EPS: HK$0.13 (vs HK$0.13 in FY 2022)

Xinyi Energy Holdings Limited, Annual General Meeting, May 31, 2024

Xinyi Energy Holdings Limited to Report Fiscal Year 2023 Results on Feb 28, 2024

Now 21% undervalued after recent price drop

First half 2023 earnings released: EPS: HK$0.075 (vs HK$0.087 in 1H 2022)

Investor sentiment deteriorates as stock falls 17%

Upcoming dividend of HK$0.034 per share at 3.5% yield

Xinyi Energy Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on October 10, 2023

First half 2023 earnings released: EPS: HK$0.075 (vs HK$0.087 in 1H 2022)

Now 20% undervalued

Investor sentiment improves as stock rises 16%

Now 21% undervalued after recent price drop

Xinyi Energy Holdings Limited Announces Cheng Shu E Retired as an Executive Director

Upcoming dividend of HK$0.074 per share at 6.8% yield

Full year 2022 earnings released: EPS: HK$0.13 (vs HK$0.17 in FY 2021)

Full year 2022 earnings released: EPS: HK$0.13 (vs HK$0.17 in FY 2021)

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

First half 2022 earnings released: EPS: HK$0.087 (vs HK$0.087 in 1H 2021)

Upcoming dividend of HK$0.077 per share

Xinyi Energy Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 28 September 2022

Now 32% undervalued after recent price drop

First half 2022 earnings released

Xinyi Energy Holdings Limited to Report Q2, 2022 Results on Aug 01, 2022

Xinyi Energy Holdings Limited Approves to Declare Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of HK$0.10 per share

Full year 2021 earnings released: EPS: HK$0.17 (vs HK$0.13 in FY 2020)

Less than half of directors are independent

Investor sentiment improved over the past week

Now 21% undervalued after recent price drop

Xinyi Energy Holdings Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2021, Payable on July 6, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued after recent price drop

Xinyi Energy Holdings Limited to Report Fiscal Year 2021 Results on Feb 28, 2022

First half 2021 earnings released: EPS HK$0.087 (vs HK$0.065 in 1H 2020)

Upcoming dividend of HK$0.074 per share

Investor sentiment improved over the past week

Xinyi Energy Holdings Limited (SEHK:3868) acquired Solar Farm Projects.

Xinyi Energy Holdings Limited Declares Final Dividend for the Year Ended 31 December 2020

Full year 2020 earnings released: EPS HK$0.13 (vs HK$0.15 in FY 2019)

Shareholder Returns