Company Valuation: Xinyi Solar Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 178,387 117,536 76,864 40,599 28,506 26,600 - -
Change - -34.11% -34.6% -47.18% -29.79% -6.69% - -
Enterprise Value (EV) 1 175,209 118,086 79,570 48,280 40,060 37,291 38,371 39,313
Change - -32.6% -32.62% -39.32% -17.03% -6.91% 2.9% 2.45%
P/E ratio 36.6x 23.8x 20.2x 9.7x 26.1x 13.4x 9.33x 8.06x
PBR 6.73x 3.88x 2.58x 1.27x 0.91x 0.83x 0.79x 0.75x
PEG - 54.86x -0.9x 1x -0.4x 0.2x 0.2x 0.5x
Capitalization / Revenue 14.5x 7.32x 3.74x 1.52x 1.22x 1.15x 0.99x 0.86x
EV / Revenue 14.2x 7.35x 3.87x 1.81x 1.71x 1.61x 1.43x 1.27x
EV / EBITDA 26.1x 15.4x 11.6x 6.26x 8.54x 7.4x 5.89x 5.31x
EV / EBIT 29.9x 18.1x 15x 8.19x 16.1x 12x 9.29x 7.89x
EV / FCF 176x -90.2x -106x -11.8x -10.8x 8.64x 20.6x 10.4x
FCF Yield 0.57% -1.11% -0.95% -8.5% -9.25% 11.6% 4.86% 9.64%
Dividend per Share 2 0.17 0.27 0.2 0.225 0.1068 0.0818 0.1163 0.1518
Rate of return 0.84% 2.04% 2.31% 4.93% 3.4% 2.79% 3.97% 5.18%
EPS 2 0.5532 0.5556 0.4287 0.4703 0.1204 0.219 0.3141 0.3636
Distribution rate 30.7% 48.6% 46.7% 47.8% 88.7% 37.4% 37% 41.7%
Net sales 1 12,316 16,065 20,544 26,629 23,411 23,203 26,853 30,994
EBITDA 1 6,709 7,690 6,872 7,718 4,691 5,039 6,514 7,401
EBIT 1 5,853 6,514 5,318 5,893 2,485 3,108 4,130 4,982
Net income 1 4,561 4,924 3,820 4,187 1,077 1,972 2,851 3,299
Net Debt 1 -3,178 549.6 2,707 7,681 11,553 10,691 11,771 12,713
Reference price 2 20.250 13.220 8.640 4.560 3.140 2.930 2.930 2.930
Nbr of stocks (in thousands) 8,809,254 8,890,763 8,896,240 8,903,251 9,078,447 9,078,447 - -
Announcement Date 1/3/21 28/2/22 27/2/23 28/2/24 28/2/25 - - -
1HKD in Million2HKD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.79x1.64x7.57x2.7% 3.49B
10.86x3.27x7.55x-.--% 17.25B
-53.8x1.18x19.36x0.02% 17.04B
-21.77x1.4x15.94x0.1% 12.67B
49.02x6.02x34.1x - 10.68B
18.38x2.34x10.3x-.--% 8.85B
-85.77x10.36x22.12x-.--% 7.66B
-23.53x0.83x9.97x0.13% 7.58B
53.68x7.36x28.55x - 5.81B
46.95x3.36x12.12x-.--% 5.51B
Average 0.78x 3.78x 16.76x 0.37% 9.65B
Weighted average by Cap. -5.55x 3.44x 16.80x 0.15%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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