Financials Xiaomi Corporation

Equities

1810

KYG9830T1067

Phones & Handheld Devices

Delayed Hong Kong S.E. 08:13:48 18/07/2024 BST 5-day change 1st Jan Change
17.02 HKD +1.43% Intraday chart for Xiaomi Corporation +1.92% +8.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 230,990 703,249 384,505 240,970 355,123 388,828 - -
Enterprise Value (EV) 1 201,171 648,495 353,890 206,683 295,466 303,736 289,155 267,263
P/E ratio 23.5 x 33.9 x 20.3 x 96.6 x 20.5 x 27 x 22.8 x 18 x
Yield - - - - - - - -
Capitalization / Revenue 1.12 x 2.86 x 1.17 x 0.86 x 1.31 x 1.17 x 1.04 x 0.92 x
EV / Revenue 0.98 x 2.64 x 1.08 x 0.74 x 1.09 x 0.92 x 0.77 x 0.63 x
EV / EBITDA 15.3 x 25.2 x 12.2 x 31.7 x 11.9 x 14.9 x 12.6 x 9.41 x
EV / FCF 9.86 x 34.4 x 135 x -19.7 x 8.78 x 19.5 x 14.1 x 11.7 x
FCF Yield 10.1% 2.91% 0.74% -5.09% 11.4% 5.13% 7.11% 8.56%
Price to Book 2.81 x 5.42 x 2.8 x 1.67 x 2.15 x 2.14 x 1.9 x 1.71 x
Nbr of stocks (in thousands) 23,977,155 25,167,385 24,967,962 24,940,021 25,045,738 24,917,163 - -
Reference price 2 9.634 27.94 15.40 9.662 14.18 15.60 15.60 15.60
Announcement Date 31/03/20 24/03/21 22/03/22 24/03/23 19/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 205,839 245,866 328,309 280,044 270,970 331,694 374,863 422,139
EBITDA 1 13,141 25,743 29,090 6,524 24,845 20,377 22,964 28,406
EBIT 1 11,760 24,035 26,029 2,816 20,009 15,475 18,818 24,392
Operating Margin 5.71% 9.78% 7.93% 1.01% 7.38% 4.67% 5.02% 5.78%
Earnings before Tax (EBT) 1 12,163 21,633 24,417 3,934 22,011 19,087 21,919 26,543
Net income 1 10,103 20,313 19,339 2,474 17,475 15,421 17,916 22,676
Net margin 4.91% 8.26% 5.89% 0.88% 6.45% 4.65% 4.78% 5.37%
EPS 2 0.4100 0.8250 0.7600 0.1000 0.6900 0.5779 0.6856 0.8692
Free Cash Flow 1 20,405 18,853 2,616 -10,513 33,638 15,596 20,545 22,874
FCF margin 9.91% 7.67% 0.8% -3.75% 12.41% 4.7% 5.48% 5.42%
FCF Conversion (EBITDA) 155.28% 73.23% 8.99% - 135.39% 76.54% 89.47% 80.53%
FCF Conversion (Net income) 201.97% 92.81% 13.53% - 192.49% 101.13% 114.68% 100.87%
Dividend per Share 2 - - - - - - - -
Announcement Date 31/03/20 24/03/21 22/03/22 24/03/23 19/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 103,240 85,575 73,352 70,171 143,522 70,474 66,047 59,477 67,355 70,894 73,244 75,507 84,076 86,156 88,136 86,541 97,425
EBITDA 1 - 5,292 -32.83 2,680 - -430 4,306 6,825 5,066 6,653 6,284 5,077 5,553 5,424 3,626 4,777 -
EBIT 1 - 4,416 -911.3 1,733 - -1,361 3,356 5,900 4,041 5,011 5,057 3,683 4,496 4,221 3,097 4,088 -
Operating Margin - 5.16% -1.24% 2.47% - -1.93% 5.08% 9.92% 6% 7.07% 6.9% 4.88% 5.35% 4.9% 3.51% 4.72% -
Earnings before Tax (EBT) 1 - 3,884 -415.9 1,737 1,321 -1,191 3,804 5,471 4,956 5,887 5,698 5,222 5,442 5,075 3,471 4,073 -
Net income 1 6,662 2,486 -587.6 1,386 798.8 -1,476 3,151 4,204 3,670 4,869 4,727 4,182 4,044 4,338 3,378 4,474 5,723
Net margin 6.45% 2.9% -0.8% 1.98% 0.56% -2.09% 4.77% 7.07% 5.45% 6.87% 6.45% 5.54% 4.81% 5.03% 3.83% 5.17% 5.87%
EPS 2 - 0.1000 -0.0200 0.0600 0.0300 -0.0600 0.1300 0.1700 0.1500 0.1900 0.1800 0.1700 0.1540 0.1760 0.1556 0.1705 0.2200
Dividend per Share 2 - - - - - - - - - - - - - - - - -
Announcement Date 26/08/20 22/03/22 19/05/22 19/08/22 19/08/22 23/11/22 24/03/23 24/05/23 29/08/23 20/11/23 19/03/24 23/05/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 29,819 54,755 30,615 34,287 59,657 85,092 99,673 121,565
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 20,405 18,853 2,616 -10,513 33,638 15,596 20,545 22,874
ROE (net income / shareholders' equity) 13.2% 19.8% 14.8% 6.07% 11.4% 9.8% 9.71% 10.3%
ROA (Net income/ Total Assets) 6.11% 9.29% 7.08% 3.01% 5.85% 4.72% 4.91% 5.04%
Assets 1 165,390 218,654 273,285 82,254 298,879 326,450 365,201 450,166
Book Value Per Share 2 3.420 5.160 5.500 5.790 6.590 7.280 8.200 9.140
Cash Flow per Share 2 0.9700 0.8900 0.3800 -0.1700 1.630 0.8200 0.9500 1.140
Capex 1 3,405 3,026 7,169 6,123 7,662 7,231 8,307 8,424
Capex / Sales 1.65% 1.23% 2.18% 2.19% 2.83% 2.18% 2.22% 2%
Announcement Date 31/03/20 24/03/21 22/03/22 24/03/23 19/03/24 - - -
1CNY in Million2CNY
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
15.6 CNY
Average target price
20.53 CNY
Spread / Average Target
+31.56%
Consensus
  1. Stock Market
  2. Equities
  3. 1810 Stock
  4. Financials Xiaomi Corporation