Xiaomi (1810) AI Stock Analysis

• Market Cap: $1.34T
• Dividend Yield: N/A
• Average Volume (3M): 343.44M
• Price to Earnings (P/E): 50.2
• Beta (1Y): 1.01
• Revenue Growth: 32.62%
• EPS Growth: 32.85%
• Country: HK
• Employees: 43,688
• Sector: Technology
• Sector Strength: 65
• Industry: Consumer Electronics
• EPS (TTM): 0.36
• Shares Outstanding: 21,400,690,000
• 10 Day Avg. Volume: 162,547,026
• 30 Day Avg. Volume: 343,443,830
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $64.82
• Price Target Upside: 29.37% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

Xiaomi's strong financial performance, characterized by impressive revenue growth and efficient cost management, is a key driver of its stock score. Despite positive earnings call sentiment and strategic growth initiatives, the high P/E ratio and neutral technical indicators suggest caution. Challenges in overseas markets and component pricing also weigh on the overall score.

Positive Factors

Earnings Performance

Xiaomi delivered another beat with 3Q24 revenue/adj. net profit growth of 31%/4% YoY, thanks to better EV/core business margins and investment related gains.

Electric Vehicles

Xiaomi's electric vehicle segment is anticipated to see accelerated delivery and profitability improvements.

Smartphone Market Share

Xiaomi is expected to continue gaining global market share in smartphones, supported by its latest flagship Xiaomi 15 Series and expansion in regions like LATAM, EMEA, and SEA.

Negative Factors

Share Dilution

The funding will be a long-term positive for Xiaomi’s global expansion strategy for smartphone, AIoT, and EV businesses, which should offset near-term concern of 3.2% dilution.

Smartphone Market Conditions

Despite a weak smartphone market, Xiaomi has managed to move up-market and gain market share, outpacing competitors.

Xiaomi Business Overview & Revenue Model

Company Description

Xiaomi Corporation (1810) is a global technology leader headquartered in Beijing, China. Established in 2010, the company is renowned for its innovative consumer electronics and smart manufacturing. Xiaomi's core products include smartphones, internet-connected hardware, and the development of Internet of Things (IoT) platforms. The company focuses on delivering high-quality technology products at accessible prices, thus catering to a broad range of consumers worldwide.

How the Company Makes Money

Xiaomi makes money primarily through the sale of its smartphones, which constitute a significant portion of its revenue. Additionally, the company generates income from its IoT and lifestyle products, which include smart home devices, wearables, and other electronic gadgets. Xiaomi also leverages its software and internet services, offering apps, games, and cloud services, which contribute to its earnings. The company adopts a unique business model by maintaining low profit margins on hardware products to expand its user base, thereby growing its internet services revenue. Strategic partnerships and investments in technology companies further enhance its revenue streams, enabling Xiaomi to maintain a competitive edge in the global technology market.

Xiaomi Financial Statement Overview

Summary

Xiaomi demonstrates strong financial health with significant revenue growth of 35.04% and a robust gross profit margin of 20.92%. The balance sheet reveals conservative leverage with a debt-to-equity ratio of 0.16, and efficient cash generation is reflected in a free cash flow growth rate of 12.18%.

Income Statement

Xiaomi has demonstrated strong financial performance with a significant increase in revenue from the previous year, marking a 35.04% growth. The gross profit margin is robust at 20.92%, indicating efficient cost management. The net profit margin of 6.46% reflects consistent profitability. Furthermore, the EBIT and EBITDA margins are healthy at 6.70% and 8.06%, respectively, showcasing effective operational performance.

Balance Sheet

The balance sheet is solid, with a favorable debt-to-equity ratio of 0.16, suggesting conservative leverage. The equity ratio stands at 46.80%, highlighting strong equity financing. Return on equity (ROE) is an impressive 12.54%, indicating efficient use of shareholders' funds to generate profits.

Cash Flow

Xiaomi's cash flow is robust, with a notable free cash flow growth rate of 12.18%. The operating cash flow to net income ratio is strong at 1.66, and the free cash flow to net income ratio is 1.66, reflecting strong cash generation relative to reported profits.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
270.97B	280.04B	328.31B	245.87B	205.84B
	Gross Profit
57.48B	47.58B	58.26B	36.75B	28.55B
	EBIT
20.01B	7.05B	26.03B	11.82B	8.49B
	EBITDA
28.40B	8.77B	24.28B	13.53B	9.87B
	Net Income Common Stockholders
17.48B	2.47B	19.34B	20.36B	10.04B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
107.83B	67.78B	86.17B	95.53B	63.91B
	Total Assets
324.25B	273.51B	292.89B	253.68B	183.63B
	Total Debt
29.83B	26.06B	30.68B	18.48B	18.58B
	Net Debt
-3.81B	-1.55B	7.17B	-36.28B	-7.34B
	Total Liabilities
159.99B	129.58B	155.46B	129.67B	101.97B
	Stockholders Equity
164.00B	143.66B	137.21B	123.69B	81.33B
Cash Flow		Free Cash Flow
35.03B	-10.19B	2.62B	18.85B	20.41B
	Operating Cash Flow
41.30B	-4.39B	9.79B	21.88B	23.81B
	Investing Cash Flow
-35.17B	15.55B	-45.01B	-17.68B	-31.57B
	Financing Cash Flow
-504.97M	-7.85B	4.50B	26.22B	3.12B

Xiaomi Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 50.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 50.1 is above the 20-day moving average (MA) of 45.37, above the 50-day MA of 49.90, and above the 200-day MA of 32.29, indicating a bullish trend. The MACD of 0.70 indicates Negative momentum. The RSI at 55.24 is Neutral, neither overbought nor oversold. The STOCH value of 80.60 is Negative, 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
2020	81 Outperform	$255.24B	15.43	28.11%	2.52%	11.51%	47.88%
0669	78 Outperform	$152.58B	17.01	18.52%	2.43%	6.13%	14.88%
1810	76 Outperform	$1.34T	50.19	13.43%	―	32.62%	32.85%
0775	65 Neutral	HK$8.75B	―	-3.29%	―	3.76%	-833.33%
2382	65 Neutral	$71.93B	25.22	11.45%	0.34%	18.80%	142.93%
Sector *	60 Neutral	$10.77B	10.41	-6.71%	2.99%	7.69%	-13.12%
2018	58 Neutral	$43.93B	22.90	8.06%	0.27%	31.55%	141.88%

Xiaomi Corporate Events

Xiaomi Schedules Board Meeting to Review Q1 2025 Results

Xiaomi Corporation has announced that its board of directors will meet on May 27, 2025, to review and approve the unaudited consolidated first quarterly results for the period ending March 31, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the year.

Xiaomi Announces 2025 Annual General Meeting Agenda

Xiaomi Corporation has announced its upcoming annual general meeting scheduled for June 5, 2025, in Beijing, China. The meeting will address several key agenda items including the re-election of board members, approval of directors’ remuneration, and re-appointment of PricewaterhouseCoopers as the company’s auditor. Additionally, shareholders will consider resolutions related to the purchase of company shares and the issuance of Class B shares, which could impact the company’s stock market activities and shareholder value.

Xiaomi Announces Major Share Grant to Boost Employee Engagement

Xiaomi Corporation announced the granting of 83,443,656 Award Shares to 3,877 participants under the 2023 Share Scheme and 10,244,813 XMHK Options to 62 participants under the 2024 Xiaomi HK Share Scheme. This move is aimed at incentivizing employees and service providers, with a vesting period extending up to 2035 and performance-based conditions. The scheme includes a clawback mechanism to ensure alignment with company objectives, potentially impacting employee retention and motivation.

Xiaomi Reports Record Revenue and Profit Growth for 2024

Xiaomi Corporation announced its audited consolidated financial results for the year ending December 31, 2024, showcasing significant growth across all business segments. The company achieved a record high revenue of RMB365.9 billion, marking a 35% increase year-over-year, driven by strong performance in its Smartphone × AIoT and smart EV segments. Xiaomi’s adjusted net profit reached RMB27.2 billion, up 41.3% from the previous year, despite a net loss in its smart EV initiatives. The company maintained its position among the top three global smartphone vendors, with a market share increase to 13.8%, and achieved a record high of 702.3 million global monthly active users. Xiaomi’s strategic focus on ‘Human × Car × Home’ continues to drive its growth and market positioning.

Xiaomi Announces Board Meeting for Annual Results and Dividend Consideration

Xiaomi Corporation has announced a board meeting scheduled for March 18, 2025, to discuss and approve the consolidated annual results for the year ending December 31, 2024. The meeting will also consider the payment of a final dividend, highlighting the company’s commitment to financial transparency and potential shareholder returns.