XINYI GLASS HOLDINGS LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.08 HKD | +0.40% |
|
+16.26% | +15.07% |
| May. 06 | Wall Street Cues, Tech Strength Lifts Asian Stock Markets | MT |
| May. 06 | China shares book catch-up rally, HK records longest winning streak since 2018 | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,581 | 41,478 | 87,455 | 78,364 | 59,746 | 42,414 | 42,414 | - |
| Enterprise Value (EV) 1 | 39,872 | 47,197 | 93,868 | 84,689 | 70,082 | 43,173 | 45,603 | 43,984 |
| P/E ratio | 8.25 x | 9.26 x | 13.6 x | 6.88 x | 11.6 x | 6.79 x | 7.34 x | 7.11 x |
| Yield | 6% | 5.33% | 3.65% | 7.28% | 4.26% | 7.19% | 6.84% | 6.92% |
| Capitalization / Revenue | 2.16 x | 2.55 x | 4.7 x | 2.57 x | 2.32 x | 1.38 x | 1.57 x | 1.52 x |
| EV / Revenue | 2.49 x | 2.9 x | 5.04 x | 2.78 x | 2.72 x | 1.61 x | 1.68 x | 1.57 x |
| EV / EBITDA | 7.95 x | 10.9 x | 15.2 x | 5.6 x | 9.04 x | 5.29 x | 6.02 x | 5.7 x |
| EV / FCF | 17.3 x | 57.6 x | 77.8 x | 9.61 x | 14.8 x | 31.4 x | 6.87 x | 24.8 x |
| FCF Yield | 5.78% | 1.74% | 1.29% | 10.4% | 6.76% | 3.18% | 14.5% | 4.04% |
| Price to Book | 1.86 x | 1.98 x | 3.14 x | 2.27 x | 1.84 x | 1.18 x | 1.1 x | 1.01 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 | 10.08 | 10.08 | 10.08 |
| Announcement Date | 2/25/19 | 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,014 | 16,258 | 18,616 | 30,459 | 25,746 | 26,799 | 27,095 | 27,930 |
| EBITDA 1 | 5,018 | 4,325 | 6,178 | 15,123 | 7,756 | 8,163 | 7,574 | 7,715 |
| EBIT 1 | 4,009 | 4,558 | 6,361 | 12,357 | 5,145 | 5,643 | 5,931 | 6,070 |
| Operating Margin | 25.04% | 28.04% | 34.17% | 40.57% | 19.98% | 21.06% | 21.89% | 21.73% |
| Earnings before Tax (EBT) 1 | 4,970 | 5,016 | 7,330 | 13,502 | 6,000 | 6,344 | 6,737 | 6,871 |
| Net income 1 | 4,237 | 4,478 | 6,422 | 11,556 | 5,127 | 5,365 | 5,708 | 5,882 |
| Net margin | 26.46% | 27.54% | 34.5% | 37.94% | 19.91% | 20.02% | 21.07% | 21.06% |
| EPS 2 | 1.050 | 1.114 | 1.588 | 2.834 | 1.258 | 1.290 | 1.374 | 1.418 |
| 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% | 24.49% | 6.36% |
| FCF Conversion (EBITDA) | 45.89% | 18.96% | 19.53% | 58.27% | 61.12% | 22.45% | 87.6% | 23.03% |
| FCF Conversion (Net income) | 54.35% | 18.31% | 18.79% | 76.26% | 92.45% | 30.62% | 116.23% | 30.21% |
| Dividend per Share 2 | 0.5200 | 0.5500 | 0.7900 | 1.420 | 0.6200 | 0.6300 | 0.6894 | 0.6979 |
| Announcement Date | 2/25/19 | 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 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 | 8/7/19 | 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 | 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 | 0.4211 x | 0.2035 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% | 15.7% | 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 | 51,418 | 57,149 |
| 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% | 7.8% | 6.66% |
| Announcement Date | 2/25/19 | 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
10.08
HKD
Average target price
11.48
HKD
Spread / Average Target
+13.91%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +15.07% | 5.43B | |
| +21.48% | 43.41B | |
| +9.27% | 31.36B | |
| +1.39% | 20.66B | |
| +33.67% | 19.83B | |
| +7.55% | 15.87B | |
| +12.83% | 10.15B | |
| -1.37% | 9.39B | |
| +42.51% | 7.79B | |
| -10.53% | 7.47B |
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