XINYI GLASS HOLDINGS LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.4 HKD | +2.44% |
|
+7.42% | -4.11% |
| 04-26 | Xinyi Glass Holdings Limited Announces Retirement of Yang Siu Shun, J.P. as Independent Non-Executive Director | CI |
| 04-18 | Tech Issue Revival Boosts Asian Stock Markets | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,581 | 41,478 | 87,455 | 78,364 | 59,746 | 35,486 | 35,486 | - |
| Enterprise Value (EV) 1 | 39,872 | 47,197 | 93,868 | 84,689 | 70,082 | 43,173 | 38,675 | 37,056 |
| P/E ratio | 8.25 x | 9.26 x | 13.6 x | 6.88 x | 11.6 x | 6.79 x | 6.2 x | 6.05 x |
| Yield | 6% | 5.33% | 3.65% | 7.28% | 4.26% | 7.19% | 8.05% | 8.05% |
| Capitalization / Revenue | 2.16 x | 2.55 x | 4.7 x | 2.57 x | 2.32 x | 1.38 x | 1.31 x | 1.27 x |
| EV / Revenue | 2.49 x | 2.9 x | 5.04 x | 2.78 x | 2.72 x | 1.61 x | 1.43 x | 1.33 x |
| EV / EBITDA | 7.95 x | 10.9 x | 15.2 x | 5.6 x | 9.04 x | 5.29 x | 5.17 x | 4.91 x |
| EV / FCF | 17.3 x | 57.6 x | 77.8 x | 9.61 x | 14.8 x | 27.3 x | 5.83 x | 20.9 x |
| FCF Yield | 5.78% | 1.74% | 1.29% | 10.4% | 6.76% | 3.67% | 17.2% | 4.8% |
| Price to Book | 1.86 x | 1.98 x | 3.14 x | 2.27 x | 1.84 x | 0.99 x | 0.92 x | 0.85 x |
| Nbr of stocks (in thousands) | 3,993,202 | 4,019,216 | 4,039,495 | 4,018,657 | 4,109,103 | 4,224,536 | 4,224,536 | - |
| Reference price 2 | 8.660 | 10.32 | 21.65 | 19.50 | 14.54 | 8.400 | 8.400 | 8.400 |
| Announcement Date | 19-02-25 | 20-03-16 | 21-03-01 | 22-02-28 | 23-02-27 | 24-02-28 | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,014 | 16,258 | 18,616 | 30,459 | 25,746 | 26,799 | 27,011 | 27,840 |
| EBITDA 1 | 5,018 | 4,325 | 6,178 | 15,123 | 7,756 | 8,163 | 7,474 | 7,544 |
| EBIT 1 | 4,009 | 4,558 | 6,361 | 12,357 | 5,145 | 5,643 | 5,798 | 5,850 |
| Operating Margin | 25.04% | 28.04% | 34.17% | 40.57% | 19.98% | 21.06% | 21.47% | 21.01% |
| Earnings before Tax (EBT) 1 | 4,970 | 5,016 | 7,330 | 13,502 | 6,000 | 6,344 | 6,632 | 6,715 |
| Net income 1 | 4,237 | 4,478 | 6,422 | 11,556 | 5,127 | 5,365 | 5,625 | 5,758 |
| Net margin | 26.46% | 27.54% | 34.5% | 37.94% | 19.91% | 20.02% | 20.82% | 20.68% |
| EPS 2 | 1.050 | 1.114 | 1.588 | 2.834 | 1.258 | 1.290 | 1.354 | 1.388 |
| Free Cash Flow 1 | 2,303 | 820 | 1,207 | 8,813 | 4,740 | 1,663 | 6,634 | 1,777 |
| FCF margin | 14.38% | 5.04% | 6.48% | 28.93% | 18.41% | 6.38% | 24.56% | 6.38% |
| FCF Conversion (EBITDA) | 45.89% | 18.96% | 19.53% | 58.27% | 61.12% | 22.45% | 88.77% | 23.55% |
| FCF Conversion (Net income) | 54.35% | 18.31% | 18.79% | 76.26% | 92.45% | 30.62% | 117.95% | 30.86% |
| Dividend per Share 2 | 0.5200 | 0.5500 | 0.7900 | 1.420 | 0.6200 | 0.6300 | 0.6758 | 0.6760 |
| Announcement Date | 19-02-25 | 20-03-16 | 21-03-01 | 22-02-28 | 23-02-27 | 24-02-28 | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2019 S2 | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 7,450 | 8,809 | 7,134 | 13,576 | - | 13,649 | - | 13,350 |
| EBITDA | 2,055 | 2,430 | 1,946 | 7,057 | - | - | - | - |
| EBIT | 1,546 | 2,396 | - | - | - | 3,518 | - | 3,794 |
| Operating Margin | 20.75% | 27.2% | - | - | - | 25.77% | - | 28.42% |
| Earnings before Tax (EBT) | 2,355 | 2,661 | - | 6,302 | - | 3,899 | - | 4,238 |
| Net income 1 | 2,125 | 2,353 | - | 5,377 | 1,652 | 3,305 | 2,148 | 3,617 |
| Net margin | 28.52% | 26.71% | - | 39.61% | - | 24.21% | - | 27.09% |
| EPS | 0.5290 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 19-08-07 | 20-03-16 | 20-08-03 | 21-08-02 | 22-08-01 | 22-08-01 | 23-07-31 | - |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,291 | 5,719 | 6,413 | 6,325 | 10,336 | 6,183 | 3,189 | 1,570 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.054 x | 1.322 x | 1.038 x | 0.4182 x | 1.333 x | 0.7575 x | 0.4267 x | 0.2081 x |
| Free Cash Flow 1 | 2,303 | 820 | 1,207 | 8,813 | 4,740 | 1,663 | 6,635 | 1,777 |
| ROE (net income / shareholders' equity) | 23% | 22.7% | 26.4% | 37% | 15.4% | 15.8% | 15.4% | 14.5% |
| ROA (Net income/ Total Assets) | 13.5% | 13% | 15.8% | 22.8% | 9.43% | 10.4% | 11.1% | 10.3% |
| Assets 1 | 31,492 | 34,467 | 40,663 | 50,785 | 54,365 | 51,523 | 50,668 | 55,952 |
| Book Value Per Share 2 | 4.650 | 5.200 | 6.900 | 8.590 | 7.900 | 8.510 | 9.170 | 9.940 |
| Cash Flow per Share 2 | 1.150 | 0.9400 | 1.090 | 2.690 | 1.650 | 1.370 | 1.610 | 1.340 |
| Capex 1 | 2,340 | 2,875 | 3,199 | 2,398 | 1,997 | 2,411 | 2,113 | 1,859 |
| Capex / Sales | 14.61% | 17.68% | 17.18% | 7.87% | 7.76% | 9.26% | 7.82% | 6.68% |
| Announcement Date | 19-02-25 | 20-03-16 | 21-03-01 | 22-02-28 | 23-02-27 | 24-02-28 | - | - |
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
8.4
HKD
Average target price
11.03
HKD
Spread / Average Target
+31.28%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.11% | 4.53B | |
| +12.87% | 40.33B | |
| +3.17% | 30.34B | |
| +12.41% | 22.89B | |
| +28.21% | 19.09B | |
| +4.28% | 15.38B | |
| +9.35% | 9.84B | |
| -2.57% | 9.32B | |
| +10.03% | 7.75B | |
| -12.31% | 7.37B |
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