Company Valuation: Xiaomi Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 703,572 384,440 241,347 354,655 813,567 763,462 763,462 -
Change - -45.36% -37.22% 46.95% 129.4% -6.16% 0% -
Enterprise Value (EV) 1 648,817 353,825 207,060 294,998 771,777 665,627 626,063 572,007
Change - -45.47% -41.48% 42.47% 161.62% -13.75% -5.94% -8.63%
P/E ratio 33.9x 20.3x 96.8x 20.5x 34.1x 18.5x 18.1x 13.9x
PBR 5.42x 2.8x 1.67x 2.15x 4.26x 3.22x 2.76x 2.3x
PEG - -2.58x -1.1x 0x 0.9x 0.3x 8.49x 0.5x
Capitalization / Revenue 2.86x 1.17x 0.86x 1.31x 2.22x 1.65x 1.39x 1.18x
EV / Revenue 2.64x 1.08x 0.74x 1.09x 2.11x 1.44x 1.14x 0.88x
EV / EBITDA 25.2x 12.2x 31.7x 11.9x 25x 13.4x 12.4x 8.77x
EV / EBIT 27x 13.6x 73.5x 14.7x 31.5x 14.3x 12.4x 8.82x
EV / FCF 34.4x 135x -19.7x 8.77x 26.8x 16.1x 12.1x 8.59x
FCF Yield 2.91% 0.74% -5.08% 11.4% 3.73% 6.21% 8.27% 11.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.825 0.76 0.1 0.69 0.95 1.595 1.629 2.117
Distribution rate - - - - - - - -
Net sales 1 245,866 328,309 280,044 270,970 365,906 463,105 550,753 646,871
EBITDA 1 25,743 29,090 6,524 24,845 30,821 49,846 50,325 65,191
EBIT 1 24,035 26,029 2,816 20,009 24,503 46,666 50,463 64,828
Net income 1 20,313 19,339 2,474 17,475 23,578 41,962 43,961 56,311
Net Debt 1 -54,755 -30,615 -34,287 -59,657 -41,790 -97,835 -137,399 -191,456
Reference price 2 27.96 15.40 9.68 14.16 32.42 29.47 29.47 29.47
Nbr of stocks (in thousands) 25,167,385 24,967,962 24,940,021 25,045,738 25,094,939 25,908,547 25,908,547 -
Announcement Date 24/03/21 22/03/22 24/03/23 19/03/24 18/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.47x1.44x13.35x-.--% 111B
30.3x8.01x22.87x0.41% 3,780B
26.85x0.87x16.21x2.28% 9.93B
22.14x1.11x8.45x0.07% 5.79B
Average 24.44x 2.86x 15.22x 0.69% 976.56B
Weighted average by Cap. 29.94x 7.80x 22.57x 0.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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