Xiaomi (1810) AI Stock Analysis

• Market Cap: $1.39T
• Dividend Yield: N/A
• Average Volume (3M): 133.14M
• Price to Earnings (P/E): 33.7
• Beta (1Y): 0.99
• Revenue Growth: 38.60%
• EPS Growth: 94.11%
• Country: HK
• Employees: 43,688
• Sector: Technology
• Sector Strength: 85
• Industry: Consumer Electronics
• EPS (TTM): 0.49
• Shares Outstanding: 21,450,625,000
• 10 Day Avg. Volume: 136,314,538
• 30 Day Avg. Volume: 133,140,322
• PEG Ratio: 0.92
• Price to Book (P/B): 4.37
• Price to Sales (P/S): 2.25
• P/FCF Ratio: 25.76
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 3.76
• Enterprise Value/Gross Profit: 17.73
• Enterprise Value/Ebitda: 45.52
• 1Y Price Target: $67.74
• Price Target Upside: 27.33% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 76 Outperform
• Price Target: HK$59.00 ▲(10.90% Upside)

Xiaomi's strong financial performance and positive earnings call sentiment are the most significant factors driving the stock score. The company's robust revenue growth and strategic investments in R&D and new technologies enhance its competitive position. However, technical indicators suggest potential short-term weakness, and the high P/E ratio indicates valuation concerns, which slightly temper the overall score.

Positive Factors

Earnings

Xiaomi's 1Q25 adjusted earnings beat expectations by 8%/18%, driven by strong sales across all segments and gross profit margin improvement.

Product Strategy

Xiaomi’s self-developed chip strategy will enhance product differentiation, cost structure and competitiveness of its flagship smartphones in the premium market in the long term.

Smartphone Market Performance

Xiaomi's domestic smartphone shipment growth continues to outpace the overall domestic smartphone shipments, which declined 4% during the quarter.

Negative Factors

Profit Margins

Margins are projected to fall mainly due to rising DDR4 prices for the smartphone business and a shift in the IoT product mix.

Smartphone Revenue

The smartphone segment's revenue is expected to decline by 1.6% year-over-year due to promotional periods and changes in regional mix.

Xiaomi Business Overview & Revenue Model

Company Description

Xiaomi Corporation, an investment holding company, provides hardware, software, and internet services in Mainland China, India, Europe, and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products. The Internet Services segment provides advertising services and internet value-added services; and engages in the online game and fintech businesses. The Others segment offers hardware repair services for its products. The company also engages in the wholesale and retail of smartphones and ecosystem partners' products; development and sale of software, hardware, and electronic products; procurement and sale of smartphones, ecosystem partners' products, and spare parts; procurement of raw materials; and operation of retail stores. It is also involved in the research and development of computer software and information technology; property management and commercial factoring activities; e-commerce and market research businesses; sale of e-books; investment, asset management, project investment, property management, and investment consulting, as well as technology diffusion, transfer, and consulting activities; and provision of internet finance, consumer loan, virtual banking, software related, information technology advisory, electronic payment, and internet services. Xiaomi Corporation was incorporated in 2010 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Xiaomi makes money primarily through the sale of its smartphones, which constitute the largest portion of its revenue. The company offers a range of smartphones, catering to different market segments from budget to premium models. In addition to smartphones, Xiaomi generates revenue from its IoT and lifestyle products, which include smart TVs, fitness bands, smart home appliances, and other consumer electronics. The company also earns from internet services such as advertising and gaming, leveraging its MIUI operating system to provide a platform for these services. Strategic partnerships and collaborations with other technology companies and retail partners play a significant role in Xiaomi's distribution and market penetration strategies, contributing to its revenue growth.

Xiaomi Financial Statement Overview

Summary

Xiaomi demonstrates strong financial health with robust revenue growth, efficient cost management, and solid cash flow generation. The balance sheet is healthy with low leverage, supporting financial stability. The negative cash flow from investing activities requires attention, but overall, the financial trajectory remains positive.

Income Statement

Xiaomi has demonstrated strong revenue growth, with a TTM revenue increase of 9.8% from the previous year. The gross profit margin and net profit margin are healthy at 21.2% and 7.6% respectively, indicating efficient cost management and profitability. The EBIT and EBITDA margins are also robust at 8.4% and 8.3%, suggesting strong operational performance. The company has shown consistent growth in profitability over the past years, which is a positive indicator.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.13, showcasing financial prudence. The equity ratio stands at 53.2%, indicating a strong capital structure. Return on equity is impressive at 12.7%, reflecting efficient use of shareholder funds. The company's liabilities are well-covered by its equity, suggesting financial stability.

Cash Flow

Xiaomi's cash flow statement shows a strong free cash flow growth rate, driven by a significant increase in operating cash flow. The operating cash flow to net income ratio is 1.75, indicating healthy cash generation relative to profits. The free cash flow to net income ratio is 1.82, reflecting strong cash conversion. However, the cash flow from investing activities is negative, which could impact future liquidity if not managed carefully.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	401.69B	365.91B	270.97B	280.04B	328.31B	245.87B
Gross Profit	85.14B	76.56B	57.48B	47.58B	58.26B	36.75B
EBITDA	33.16B	29.49B	28.40B	8.77B	30.32B	26.71B
Net Income	30.40B	23.66B	17.48B	2.47B	19.34B	20.36B
Balance Sheet
Total Assets	450.12B	403.16B	324.25B	273.51B	292.89B	253.68B
Cash, Cash Equivalents and Short-Term Investments	130.24B	101.77B	107.83B	67.78B	86.17B	95.53B
Total Debt	30.94B	36.01B	29.83B	26.06B	30.68B	18.48B
Total Liabilities	210.18B	213.95B	159.99B	129.58B	155.46B	129.67B
Stockholders Equity	239.50B	188.74B	164.00B	143.66B	137.21B	123.69B
Cash Flow
Free Cash Flow	48.13B	32.00B	35.03B	-10.19B	2.62B	18.85B
Operating Cash Flow	53.09B	39.30B	41.30B	-4.39B	9.79B	21.88B
Investing Cash Flow	-36.18B	-35.39B	-35.17B	15.55B	-45.01B	-17.68B
Financing Cash Flow	34.19B	-4.00B	-504.97M	-7.85B	4.50B	26.22B

Xiaomi Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1810, the sentiment is Positive. The current price of 53.2 is above the 20-day moving average (MA) of 52.82, below the 50-day MA of 55.34, and above the 200-day MA of 45.80, indicating a neutral trend. The MACD of -0.63 indicates Negative momentum. The RSI at 47.48 is Neutral, neither overbought nor oversold. The STOCH value of 76.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1810.

Xiaomi Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1810	76 Outperform	$1.39T	33.67	17.46%	―	38.60%	94.11%
Sector *	61 Neutral	$35.62B	8.22	-10.94%	1.88%	8.86%	-10.36%
SWDHF	―	$824.61M	12.03	3.12%	2.49%	―	―
TCLHF	―	$3.30B	11.32	13.06%	6.01%	―	―

Xiaomi Corporate Events

Xiaomi to Review Interim Results and Consider Dividend

Xiaomi Corporation has announced that its board of directors will meet on August 19, 2025, to review and approve the unaudited consolidated interim results for the first half of the year ending June 30, 2025. The board will also consider the payment of an interim dividend, which could impact shareholder returns and reflect the company’s financial health.

The most recent analyst rating on (HK:1810) stock is a Hold with a HK$60.00 price target. To see the full list of analyst forecasts on Xiaomi stock, see the HK:1810 Stock Forecast page.

Xiaomi Corporation Announces Successful AGM Resolutions

Xiaomi Corporation announced the successful passing of all ordinary resolutions at its Annual General Meeting held on June 5, 2025. Key resolutions included the re-election of directors, authorization of directors’ remuneration, and the re-appointment of PricewaterhouseCoopers as auditors. These decisions reflect Xiaomi’s commitment to maintaining strong governance and operational stability, which could positively impact its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:1810) stock is a Hold with a HK$60.00 price target. To see the full list of analyst forecasts on Xiaomi stock, see the HK:1810 Stock Forecast page.

Xiaomi Announces Share Awards to Boost Employee Engagement

Xiaomi Corporation announced the grant of 30,827,078 Award Shares to 1,615 participants, including employees and service providers, under its 2023 Share Scheme. Additionally, 1,423,271 XMHK Options were granted to four employees under the 2024 Xiaomi HK Share Scheme. This initiative aims to align employee performance with company goals, featuring a time-based vesting schedule and a clawback mechanism to ensure adherence to company policies. The move is expected to enhance employee motivation and retention, potentially strengthening Xiaomi’s competitive position in the technology sector.

The most recent analyst rating on (HK:1810) stock is a Hold with a HK$60.00 price target. To see the full list of analyst forecasts on Xiaomi stock, see the HK:1810 Stock Forecast page.

Xiaomi Reports Record Q1 2025 Financial Results with Strong Growth in Revenue and Profit

Xiaomi Corporation announced record-high financial results for the first quarter of 2025, with total revenue reaching RMB111.3 billion, a 47.4% increase year-over-year. The company’s strategic focus on ‘Human × Car × Home’ has led to significant growth in its smartphone and AIoT segments, maintaining its top 3 global smartphone shipment ranking. Xiaomi’s commitment to technological advancement is evident in its increased R&D investments and the unveiling of its first self-developed flagship processor, Xiaomi XRING O1. The company continues to expand its product offerings and user ecosystem, with notable achievements in global smartphone shipments and connected IoT devices.

The most recent analyst rating on (HK:1810) stock is a Hold with a HK$60.00 price target. To see the full list of analyst forecasts on Xiaomi stock, see the HK:1810 Stock Forecast page.