Xinyi Solar Holdings Ltd banner

Xinyi Solar Holdings Ltd
HKEX:968

Watchlist Manager
Xinyi Solar Holdings Ltd Logo
Xinyi Solar Holdings Ltd
HKEX:968
Watchlist
Price: 2.86 HKD -3.7% Market Closed
Market Cap: HK$26.2B

EV/IC

0.6
Current
25%
Cheaper
vs 3-y average of 0.8

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.6
=
Enterprise Value
HK$31.4B
/
Invested Capital
HK$45.9B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.6
=
Enterprise Value
HK$31.4B
/
Invested Capital
HK$45.9B

Valuation Scenarios

Xinyi Solar Holdings Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (0.8), the stock would be worth HK$3.79 (33% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+570%
Average Upside
231%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.6 HK$2.86
0%
3-Year Average 0.8 HK$3.79
+33%
5-Year Average 1.4 HK$6.18
+116%
Industry Average 4.2 HK$19.15
+570%
Country Average 1.9 HK$8.79
+207%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CN
Xinyi Solar Holdings Ltd
HKEX:968
26.2B HKD 0.6 31
NL
ASML Holding NV
AEX:ASML
471.1B EUR 11.9 46.1
US
Lam Research Corp
NASDAQ:LRCX
322.5B USD 19.9 47.8
US
Applied Materials Inc
NASDAQ:AMAT
313.1B USD 11.3 39.6
US
KLA Corp
NASDAQ:KLAC
229.5B USD 20.5 49.8
US
Brooks Automation Inc
LSE:0HQ1
210.4B USD 129.1 -3 636.7
JP
Tokyo Electron Ltd
TSE:8035
21.8T JPY 10.1 43.2
JP
Advantest Corp
TSE:6857
20.2T JPY 34 70
CN
NAURA Technology Group Co Ltd
SZSE:002371
389.1B CNY 6.8 70.5
US
Teradyne Inc
NASDAQ:TER
53.6B USD 15 97.3
JP
Disco Corp
TSE:6146
7.8T JPY 17.3 57.8

Market Distribution

Lower than 84% of companies in China
Percentile
16th
Based on 7 566 companies
16th percentile
0.6
Low
0 — 1.1
Typical Range
1.1 — 3.4
High
3.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.1
Median 1.9
70th Percentile 3.4
Max 1 129 391.6

Xinyi Solar Holdings Ltd
Glance View

Market Cap
26.2B HKD
Industry
Semiconductors

Xinyi Solar Holdings Ltd., a shimmering facet of the expanding solar energy landscape, operates at the confluence of technology and sustainability. Established in Dongguan, China, the company has emerged as a pivotal player in the solar glass manufacturing industry. It was through recognizing the synergy between glass expertise and the burgeoning demand for renewable energy that Xinyi carved out its niche. At the heart of its operations is the production of solar photovoltaic glass, an essential component that forms the protective and conductive layer of solar panels. This isn’t merely about glass manufacturing; it’s about engineering surfaces that maximize energy capture. By investing in advanced production technologies and maintaining a keen focus on quality, Xinyi Solar has positioned itself as a reliable supplier of high-transmittance, anti-reflective coated glass critical for boosting the efficiency of solar panels. Xinyi Solar’s profitability weaves through a well-integrated business model that balances both production and strategic market participation. The company capitalizes on economies of scale, efficiently producing solar glass to meet global demand while maintaining competitive pricing. Furthermore, Xinyi Solar is active in developing solar farms, aligning its capabilities with market opportunities and government policies favoring renewable energy adoption. Through these solar farms, the company benefits from power sales, an avenue that complements its core product offerings. This dual approach not only diversifies revenue streams but also underlines Xinyi’s commitment to driving the broader agenda of energy sustainability. As international demand for solar energy systems intensifies, Xinyi Solar embraces innovation to not just remain relevant but to lead within the global green energy transition.

Intrinsic Value
5.39 HKD
Undervaluation 47%
Intrinsic Value
Price HK$2.86
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett