Xiaomi Corporation

HK$30.38As of Sun 8 Nov 2026, 12:00 UTC

HKEX:1810Technology

Country Hong Kong

PE (Fwd) •••

TSR 8Y CAGR 7.21%

Div yield —

ROE 12.63%

Consumer Electronics

Beta (5Y) 0.66

PE TTM 21.38

TSR TTM (27.55%)

Mkt cap HK$781.3B

ROIC 8.79%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$35

16.42%

(32.16%)

Hold 3|1|1|5|0

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

276.9

Revenue¥B

348.0

350.9

360.2

356.7

350.1

360.5

357.3

363.3

356.6

358.9

304.0

0.50%

0.35%

27.55

Revenue growth%

19.17

19.65

17.94

17.15

16.83

17.93

18.88

19.68

18.43

18.84

28.35

18.84

18.63

4.83

Gross margin%

6.44

8.83

9.52

6.83

9.12

9.64

10.09

9.66

8.58

6.01

12.47

9.64

8.97

4.24

Operating margin%

6.78

9.03

10.53

10.43

9.29

11.47

13.03

10.08

8.53

10.86

20.08

10.86

10.25

20.51

Net margin%

24.73

27.60

25.97

27.87

29.44

26.61

26.52

25.03

24.69

26.08

2.69

26.08

26.30

11.39

P/E ratio (avg)x

14.14

15.53

14.30

15.06

14.96

13.83

12.85

12.81

11.65

12.52

18.98

12.81

13.98

27.38

EV/EBITx

25.88

28.07

31.52

33.88

36.78

35.31

37.00

39.23

43.80

46.88

6.242

39.23

36.04

18.29

FCF yield (avg)%

12.99

14.77

13.32

11.19

9.59

8.70

10.80

11.64

14.33

11.84

22.80

11.64

11.74

29.52

FCF margin%

4.67

4.71

2.80

3.19

4.51

1.53

1.09

0.40

2.31

0.40

8.33

1.09

2.55

0.335

FCF / Net incomex

0.334

0.378

0.360

0.358

0.363

0.402

0.429

0.427

0.404

1.714

0.427

0.390

6.70

ROIC%

12.55

13.96

13.46

12.86

10.52

8.15

9.88

11.80

9.83

11.54

22.24

9.88

11.67

13.17

Return on equity%

26.30

27.22

25.18

25.34

25.78

24.15

25.52

25.89

26.01

24.88

11.87

25.52

25.65

27.79

Return on assets%

3.87

4.01

3.23

1.15

1.31

0.40

1.75

1.66

4.35

16.66

1.66

1.70

0.82

EPS¥

4.79

4.68

5.42

5.17

5.67

5.77

6.70

7.74

8.49

9.67

0.88

11.25%

8.11%

—

20.48

EPS growth%

4.54

5.79

4.57

7.20

4.59

5.09

4.59

4.95

3.01

2.77

22.36

4.59

1.72

Bookvalue per sh¥

1.71

1.82

1.73

1.99

1.91

1.90

2.07

2.04

2.05

2.15

2.98

2.36%

3.18%

—

3.50

FCF per share¥

2.68

2.69

2.97

2.85

2.82

3.18

3.29

3.39

3.40

3.68

3.47

5.42%

3.56%

—

2.19

Dividend per sh¥

3.23

3.10

3.32

3.63

3.80

4.16

4.24

4.23

4.19

4.01

0.93

1.05%

3.70%

—

4.04

Div yield (avg)%

23.49

23.40

24.18

25.76

27.63

26.74

24.83

23.11

22.49

25.39

2.70

24.83

24.51

4.30

Payout ratio%

2.05

2.70

2.25

3.34

1.78

0.40

2.24

3.66

5.89

19.15

2.24

25.13

Shares (diluted)B

26.76

25.00

25.61

27.76

31.04

31.80

35.34

34.75

32.22

29.93

26.48

(0.73%)

0.70%

8.56

Buyback yield%

5.73

6.29

9.06

8.47

7.32

6.45

4.33

7.17

7.97

5.15

21.73

6.45

6.81

1.193

D/E ratiox

1.633

1.683

1.657

1.625

1.666

1.712

1.737

1.613

1.791

2.007

0.767

1.737

1.674

70.72

Enterprise value¥B

25.64

24.76

26.70

28.01

30.03

30.06

29.91

29.99

32.74

31.89

42.93

1.21%

0.96%

202.8

LT debt¥B

194.6

220.2

255.3

283.6

292.6

318.5

354.6

399.9

459.4

456.8

79.05

9.32%

8.98%

Peers (US$99.67B)

Cap (US$)

Lenovo Group Limited

29.76B

37.43x

AAC Technologies…

5.554B

14.72x

TCL Electronics…

5.258B

14.16x

Western Digital…

98.74B

10.24x

Capital

TTM

10Y

Leveragex

1.456

1.454

1.153

EBIT/Intx

1.674

0.389

0.426

Own earn%

(25.83)

15.26

15.71

Sh yield%

12.59

30.47

30.50

Owners

Insiders/Inst%

9.59

47.73

Short interest%

4.77

SBC / revenue%

4.00

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

7–13

$1 testx

0.1

Incr. ROIC%

Xiaomi Corporation is an investment holding company that develops and sells smartphones in Mainland China and internationally, alongside IoT and lifestyle products such as smart large home appliances, smart TVs, tablets and wearables. It also provides internet services including advertising, online games and fintech, and develops, manufactures and sells smart electric vehicles, with repair, installation and retail store operations.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥358.9B

0.35%

1.00×

Cost of revenue

¥251.3B

0.56%

1.02×

Operating expenses

¥42.78B

(0.29%)

0.94×