XINYI GLASS HOLDINGS LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.71 HKD | +0.41% |
|
-1.42% | +10.84% |
| May. 14 | FX Markets, Washington Outlook Roil Asian Stock Markets | MT |
| May. 06 | Wall Street Cues, Tech Strength Lifts Asian Stock Markets | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 41,478 | 87,455 | 78,364 | 59,746 | 36,990 | 41,020 | - | - |
| Enterprise Value (EV) 1 | 47,197 | 93,868 | 84,689 | 70,082 | 43,173 | 44,661 | 42,993 | 41,914 |
| P/E ratio | 9.26 x | 13.6 x | 6.88 x | 11.6 x | 6.79 x | 7.1 x | 6.9 x | 7.11 x |
| Yield | 5.33% | 3.65% | 7.28% | 4.26% | 7.19% | 6.92% | 6.97% | 6.91% |
| Capitalization / Revenue | 2.55 x | 4.7 x | 2.57 x | 2.32 x | 1.38 x | 1.52 x | 1.47 x | 1.47 x |
| EV / Revenue | 2.9 x | 5.04 x | 2.78 x | 2.72 x | 1.61 x | 1.65 x | 1.54 x | 1.5 x |
| EV / EBITDA | 10.9 x | 15.2 x | 5.6 x | 9.04 x | 5.29 x | 5.96 x | 5.65 x | 6.43 x |
| EV / FCF | 57.6 x | 77.8 x | 9.61 x | 14.8 x | - | 6.73 x | 24.2 x | 38.7 x |
| FCF Yield | 1.74% | 1.29% | 10.4% | 6.76% | - | 14.9% | 4.13% | 2.59% |
| Price to Book | 1.98 x | 3.14 x | 2.27 x | 1.84 x | - | 1.06 x | 0.98 x | 0.93 x |
| Nbr of stocks (in thousands) | 4,019,216 | 4,039,495 | 4,018,657 | 4,109,103 | 4,222,546 | 4,224,536 | - | - |
| Reference price 2 | 10.32 | 21.65 | 19.50 | 14.54 | 8.760 | 9.710 | 9.710 | 9.710 |
| Announcement Date | 3/16/20 | 3/1/21 | 2/28/22 | 2/27/23 | 2/28/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,258 | 18,616 | 30,459 | 25,746 | 26,799 | 27,059 | 27,873 | 27,867 |
| EBITDA 1 | 4,325 | 6,178 | 15,123 | 7,756 | 8,163 | 7,498 | 7,614 | 6,516 |
| EBIT 1 | 4,558 | 6,361 | 12,357 | 5,145 | 5,643 | 5,931 | 6,070 | 5,437 |
| Operating Margin | 28.04% | 34.17% | 40.57% | 19.98% | 21.06% | 21.92% | 21.78% | 19.51% |
| Earnings before Tax (EBT) 1 | 5,016 | 7,330 | 13,502 | 6,000 | 6,344 | 6,704 | 6,812 | 6,502 |
| Net income 1 | 4,478 | 6,422 | 11,556 | 5,127 | 5,365 | 5,683 | 5,836 | 5,692 |
| Net margin | 27.54% | 34.5% | 37.94% | 19.91% | 20.02% | 21% | 20.94% | 20.43% |
| EPS 2 | 1.114 | 1.588 | 2.834 | 1.258 | 1.290 | 1.369 | 1.407 | 1.366 |
| Free Cash Flow 1 | 820 | 1,207 | 8,813 | 4,740 | - | 6,634 | 1,777 | 1,084 |
| FCF margin | 5.04% | 6.48% | 28.93% | 18.41% | - | 24.52% | 6.38% | 3.89% |
| FCF Conversion (EBITDA) | 18.96% | 19.53% | 58.27% | 61.12% | - | 88.49% | 23.34% | 16.63% |
| FCF Conversion (Net income) | 18.31% | 18.79% | 76.26% | 92.45% | - | 116.74% | 30.45% | 19.04% |
| Dividend per Share 2 | 0.5500 | 0.7900 | 1.420 | 0.6200 | 0.6300 | 0.6717 | 0.6770 | 0.6712 |
| Announcement Date | 3/16/20 | 3/1/21 | 2/28/22 | 2/27/23 | 2/28/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|---|---|
| Net sales | 8,809 | 7,134 | 13,576 | - | 13,649 | - |
| EBITDA | 2,430 | 1,946 | 7,057 | - | - | - |
| EBIT | 2,396 | - | - | - | 3,518 | - |
| Operating Margin | 27.2% | - | - | - | 25.77% | - |
| Earnings before Tax (EBT) | 2,661 | - | 6,302 | - | 3,899 | - |
| Net income 1 | 2,353 | - | 5,377 | 1,652 | 3,305 | 2,148 |
| Net margin | 26.71% | - | 39.61% | - | 24.21% | - |
| EPS | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/16/20 | 8/3/20 | 8/2/21 | 8/1/22 | 8/1/22 | 7/31/23 |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,719 | 6,413 | 6,325 | 10,336 | 6,183 | 3,641 | 1,972 | 894 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.322 x | 1.038 x | 0.4182 x | 1.333 x | 0.7575 x | 0.4856 x | 0.2591 x | 0.1371 x |
| Free Cash Flow 1 | 820 | 1,207 | 8,813 | 4,740 | - | 6,635 | 1,777 | 1,084 |
| ROE (net income / shareholders' equity) | 22.7% | 26.4% | 37% | 15.4% | 15.8% | 15.6% | 14.3% | 13.1% |
| ROA (Net income/ Total Assets) | 13% | 15.8% | 22.8% | 9.43% | 10.4% | 11.1% | 10.3% | 8.8% |
| Assets 1 | 34,467 | 40,663 | 50,785 | 54,365 | 51,523 | 51,191 | 56,705 | 64,707 |
| Book Value Per Share 2 | 5.200 | 6.900 | 8.590 | 7.900 | - | 9.200 | 9.950 | 10.40 |
| Cash Flow per Share 2 | 0.9400 | 1.090 | 2.690 | 1.650 | - | 1.610 | 1.340 | 1.040 |
| Capex 1 | 2,875 | 3,199 | 2,398 | 1,997 | - | 2,113 | 1,859 | 2,102 |
| Capex / Sales | 17.68% | 17.18% | 7.87% | 7.76% | - | 7.81% | 6.67% | 7.54% |
| Announcement Date | 3/16/20 | 3/1/21 | 2/28/22 | 2/27/23 | 2/28/24 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
9.71
HKD
Average target price
11.33
HKD
Spread / Average Target
+16.66%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +10.84% | 5.23B | |
| +22.50% | 44.67B | |
| +6.37% | 32.85B | |
| -2.55% | 20.88B | |
| +34.88% | 20.32B | |
| +0.75% | 15.24B | |
| -9.94% | 8.78B | |
| +41.27% | 7.8B | |
| +4.35% | 7.41B | |
| -14.69% | 7.29B |
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