XINYI ENERGY HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1 HKD | -1.96% |
|
-0.99% | -30.07% |
| Jun. 07 | Xinyi Energy Holdings Limited Announces Executive Changes, Effective 1 July 2024 | CI |
| Jun. 07 | Xinyi Energy Holdings Limited Announces Financial Controller Changes, Effective 1 July 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,775 | 37,399 | 30,360 | 19,271 | 11,807 | 8,257 | - | - |
| Enterprise Value (EV) 1 | 14,097 | 38,469 | 34,135 | 23,130 | 17,432 | 14,826 | 15,958 | 15,256 |
| P/E ratio | 13.6 x | 39.1 x | 24.6 x | 19.4 x | 11.4 x | 6.9 x | 6.04 x | 5.46 x |
| Yield | 6.62% | 2.76% | 4.07% | 5.83% | 4.2% | 6.98% | 8.12% | 9.22% |
| Capitalization / Revenue | 8.65 x | 21.7 x | 13.2 x | 8.32 x | 4.69 x | 2.86 x | 2.49 x | 2.31 x |
| EV / Revenue | 8.85 x | 22.3 x | 14.9 x | 9.99 x | 6.92 x | 5.14 x | 4.8 x | 4.27 x |
| EV / EBITDA | 9.38 x | 23.5 x | 15.6 x | 10.8 x | 7.49 x | 5.73 x | 5.39 x | 4.67 x |
| EV / FCF | 14.8 x | 63.8 x | 85.5 x | 17.1 x | -9.29 x | -8.65 x | -12.7 x | 5.98 x |
| FCF Yield | 6.77% | 1.57% | 1.17% | 5.85% | -10.8% | -11.6% | -7.87% | 16.7% |
| Price to Book | 1.19 x | 3.12 x | 2.42 x | 1.61 x | 0.89 x | 0.6 x | 0.57 x | 0.53 x |
| Nbr of stocks (in thousands) | 6,752,478 | 7,109,998 | 7,109,998 | 7,440,400 | 8,256,589 | 8,256,589 | - | - |
| Reference price 2 | 2.040 | 5.260 | 4.270 | 2.590 | 1.430 | 1.000 | 1.000 | 1.000 |
| 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 | 1,593 | 1,722 | 2,297 | 2,315 | 2,517 | 2,885 | 3,322 | 3,577 |
| EBITDA 1 | 1,502 | 1,640 | 2,185 | 2,140 | 2,327 | 2,587 | 2,963 | 3,270 |
| EBIT 1 | 1,171 | 1,213 | 1,626 | 1,571 | 1,653 | 1,849 | 2,155 | 2,305 |
| Operating Margin | 73.49% | 70.45% | 70.79% | 67.87% | 65.67% | 64.08% | 64.86% | 64.44% |
| Earnings before Tax (EBT) 1 | 1,022 | 1,089 | 1,456 | 1,272 | 1,298 | 1,499 | 1,766 | 1,934 |
| Net income 1 | 891 | 922 | 1,232 | 971.5 | 993 | 1,158 | 1,359 | 1,489 |
| Net margin | 55.93% | 53.54% | 53.66% | 41.96% | 39.45% | 40.13% | 40.92% | 41.64% |
| EPS 2 | 0.1503 | 0.1344 | 0.1733 | 0.1333 | 0.1256 | 0.1449 | 0.1654 | 0.1832 |
| Free Cash Flow 1 | 954 | 603.4 | 399.2 | 1,353 | -1,877 | -1,714 | -1,256 | 2,551 |
| FCF margin | 59.88% | 35.04% | 17.38% | 58.43% | -74.57% | -59.41% | -37.8% | 71.32% |
| FCF Conversion (EBITDA) | 63.5% | 36.8% | 18.27% | 63.21% | - | - | - | 78.01% |
| FCF Conversion (Net income) | 107.07% | 65.44% | 32.4% | 139.27% | - | - | - | 171.29% |
| Dividend per Share 2 | 0.1350 | 0.1450 | 0.1740 | 0.1510 | 0.0600 | 0.0698 | 0.0812 | 0.0922 |
| 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 | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,113 | 1,184 | 1,258 | 1,058 | 1,289 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | - | 804.2 | 821 | 888.1 | 682.6 | 886 |
| Operating Margin | - | 72.28% | 69.34% | 70.61% | 64.55% | 68.76% |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 437.6 | - | 611.5 | - | - | 566.9 |
| Net margin | - | - | 51.65% | - | - | 43.99% |
| EPS 2 | - | - | - | - | - | 0.0749 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 8/3/20 | 9/30/22 | 2/28/22 | 8/1/22 | 2/27/23 | 7/31/23 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 322 | 1,070 | 3,775 | 3,859 | 5,625 | 6,569 | 7,702 | 7,000 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2142 x | 0.6528 x | 1.728 x | 1.803 x | 2.417 x | 2.539 x | 2.599 x | 2.14 x |
| Free Cash Flow 1 | 954 | 603 | 399 | 1,353 | -1,877 | -1,714 | -1,256 | 2,551 |
| ROE (net income / shareholders' equity) | 10.8% | 8.31% | 10% | 7.99% | 7.93% | 8.51% | 9.64% | 9.94% |
| ROA (Net income/ Total Assets) | 7.54% | 5.73% | 6.41% | 4.72% | 4.84% | 5.41% | 5.65% | 5.82% |
| Assets 1 | 11,811 | 16,099 | 19,218 | 20,571 | 20,537 | 21,385 | 24,065 | 25,588 |
| Book Value Per Share 2 | 1.720 | 1.690 | 1.770 | 1.610 | 1.610 | 1.670 | 1.750 | 1.870 |
| Cash Flow per Share 2 | 0.1900 | 0.1600 | 0.1700 | 0.4000 | 0.1000 | 0.1900 | 0.1900 | 0.2000 |
| Capex 1 | 167 | 468 | 826 | 1,547 | 2,630 | 2,272 | 2,248 | 2,256 |
| Capex / Sales | 10.45% | 27.15% | 35.96% | 66.8% | 104.48% | 78.75% | 67.69% | 63.07% |
| 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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
1
HKD
Average target price
1.344
HKD
Spread / Average Target
+34.40%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -30.07% | 1.06B | |
| +9.85% | 33.28B | |
| +31.17% | 28.03B | |
| -25.94% | 15.45B | |
| -0.18% | 6.74B | |
| +26.29% | 6.31B | |
| -1.41% | 4.47B | |
| -16.56% | 3.8B | |
| +9.69% | 2.99B | |
| -.--% | 2.89B |
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- Financials Xinyi Energy Holdings Limited
