Xinyi Solar Holdings (0968.HK)
Technology · HKEX · Hong Kong
Fundamentals
Valuation and ratings
Xinyi Solar Holdings trades at HK$2.10, which is 107% below the HK$4.35 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 29 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 18.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Xinyi Solar Holdings
Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in Mainland China, rest of Asia, North America, Europe, and internationally. The company operates through two segments, Sales of Solar Glass and Renewable Energy Business. It offers ultra-clear patterned solar glasses, back glasses, and anti-reflective coating solar glasses. The company also develops, operates, and manages solar farms; and generates solar power. In addition, it offers engineering, procurement, and construction services; solar power systems; and silicon products. Further, the company engages in mining activities and the sale of mining products. Xinyi Solar Holdings Limited was founded in 2006 and is headquartered in Wuhu, the People's Republic of China.
0968.HK passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Xinyi Solar Holdings (0968.HK) undervalued?
Against our discounted cash flow estimate of HK$4.35, 0968.HK at HK$2.10 is 107% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is 0968.HK's P/E ratio?
0968.HK trades at 18.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.