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Xinyi Solar Holdings Ltd
HKEX:968

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

P/FCFE

18.3
Current
177%
Cheaper
vs 3-y average of -23.7

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
18.3
=
Market Cap
HK$28.7B
/
Free Cash Flow to Equity
HK$1.4B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
18.3
=
Market Cap
HK$28.7B
/
Free Cash Flow to Equity
HK$1.4B

Valuation Scenarios

Xinyi Solar Holdings Ltd is trading below its industry average

If P/FCFE returns to its Industry Average (82.1), the stock would be worth HK$12.83 (349% upside from current price).

Statistics
Positive Scenarios
2/2
Maximum Downside
No Downside Scenarios
Maximum Upside
+349%
Average Upside
197%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 18.3 HK$2.86
0%
Industry Average 82.1 HK$12.83
+349%
Country Average 26.4 HK$4.13
+44%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
CN
Xinyi Solar Holdings Ltd
HKEX:968
26.2B HKD 18.3 31
NL
ASML Holding NV
AEX:ASML
471.1B EUR 44.4 46.1
US
Lam Research Corp
NASDAQ:LRCX
321B USD 61.2 47.9
US
Applied Materials Inc
NASDAQ:AMAT
308.8B USD 49.2 39.4
US
KLA Corp
NASDAQ:KLAC
226.4B USD 54.7 49.7
US
Brooks Automation Inc
LSE:0HQ1
210.4B USD 7 025.7 -3 636.7
JP
Tokyo Electron Ltd
TSE:8035
21.6T JPY 67.4 37.6
JP
Advantest Corp
TSE:6857
20.2T JPY 68.6 70
CN
NAURA Technology Group Co Ltd
SZSE:002371
389.1B CNY 55.4 70.5
US
Teradyne Inc
NASDAQ:TER
53.9B USD 83.2 97.3
JP
Disco Corp
TSE:6146
7.8T JPY 79.7 57.8

Market Distribution

In line with most companies in China
Percentile
39th
Based on 5 086 companies
39th percentile
18.3
Low
0.2 — 13.7
Typical Range
13.7 — 52.8
High
52.8 —
Distribution Statistics
China
Min 0.2
30th Percentile 13.7
Median 26.4
70th Percentile 52.8
Max 2 279 450.9

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
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