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Xiaomi Corporation (1810) Fair Value & Analysis

Technology · HK · Market cap HK$709B

XC Xiaomi Corporation 1810 · HK
PriceHK$27.62
Fair ValueHK$39.84
Upside+44.2%
Quality51/100
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Mixed Growth
Thin margins · 8.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Moderate moat 46/100
Evidence: High Range HK$23.79 – HK$51.70 Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from HK$29.43 to HK$39.84 (+35.4%) since Jul 5, 2026. Share price +6.9% over the past month.

A solid business, screening 44% undervalued on our models.

What matters now

  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (HK$23.79 to HK$51.70) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$60.15 HK$8.45 Fair Value HK$39.84 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range HK$8.45 – HK$60.15 · fair‑value band HK$23.79 – HK$51.70 · the HK$27.62 price screens below the HK$39.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Xiaomi Corporation (1810) currently trades at HK$27.62, while our model-based Fair Value estimate is HK$39.84, implying the stock looks roughly 44.2% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Xiaomi Corporation generated revenue of HK$445B at a net margin of 8.0%. Revenue declined 10.9% year over year. It earns a return on equity of 14.0%. Net debt stands at HK$4.6B. Fundamentals as of Jul 20, 2026

Our scenario range runs from HK$23.79 (bear case) to HK$51.70 (bull case); at HK$27.62, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 55% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -26% fair-value upside, at 44%, 1810 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF HK$13.32 HK$26.39 HK$52.94 80
Rev-Margin DCF HK$16.72 HK$34.66 HK$61.91 74
ROIC Compounder HK$19.09 HK$29.74 HK$37.48 72
All 24 models by family
DCF Models
FCF DCF HK$13.99 HK$23.38 HK$52.01 38
Owner Earnings HK$23.78 HK$55.28 HK$124.37 31
5Y Revenue Exit HK$16.72 HK$32.07 HK$62.56 39
5Y EBITDA Exit HK$19.06 HK$37.07 HK$70.52 41
5Y P/E Exit HK$21.04 HK$46.30 HK$79.48 38
10Y Revenue Exit HK$15.29 HK$34.72 HK$56.61 36
10Y EBITDA Exit HK$17.70 HK$39.36 HK$80.38 37
10Y P/E Exit HK$19.13 HK$43.28 HK$86.38 35
Earnings-Based
Graham-Dodd HK$10.61 HK$73.98 HK$103.81 54
Lynch FV HK$22.96 HK$32.81 HK$42.65 50
PEG = 1.0 HK$22.96 HK$32.81 HK$42.65 46
EPV HK$15.24 HK$17.87 HK$20.21 59
Multiples
P/E Multiple HK$23.40 HK$31.20 HK$39.00 63
P/S Multiple HK$19.89 HK$26.52 HK$33.15 58
P/B Multiple HK$19.89 HK$26.52 HK$33.15 55
EV/EBIT HK$24.55 HK$32.62 HK$40.69 53
EV/EBITDA HK$21.01 HK$27.91 HK$34.81 54
EV/Revenue HK$16.65 HK$23.65 HK$30.65 43
Asset-Based
NCAV (Graham) HK$4.99 HK$6.68 HK$9.98 50
Growth DCF
Growth DCF HK$13.32 HK$26.39 HK$52.94 80
Rev-Margin DCF HK$16.72 HK$34.66 HK$61.91 74
Economic Profit
Residual Income HK$10.79 HK$14.27 HK$46.30 61
ROIC Compounder HK$19.09 HK$29.74 HK$37.48 72
Growth Earnings
Growth-Adj P/E HK$30.32 HK$43.32 HK$56.31 68

Widest divergence: Growth Earnings (HK$43.32) versus Asset-Based (HK$6.68). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$445B
Revenue growth (YoY) -10.9%
Net margin 8.0%
Return on equity 14.0%
Free cash flow HK$21.4B FY2025
P/E ratio 15.4
More key figures
Operating margin 4.5%
EPS (TTM) HK$1.27
EPS growth (YoY) -58.1%
Net debt HK$4.6B FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 53 · Market factors (momentum, volatility) 28

Profitability 52
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 49
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Xiaomi Corporation, an investment holding company, engages in the development and sales of smartphones in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and smart electric vehicles segments.

Full company description

Xiaomi Corporation, an investment holding company, engages in the development and sales of smartphones in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and smart electric vehicles segments. The company also offers internet of things (IoT) and lifestyle products comprising smart large home appliances, smart TVs, tablets, wearables and other IoT and lifestyle products; hardware repairment services for products; installation services for certain IoT products; and sale of materials. In addition, it provides internet services, such as advertising, online game, and fintech services; and development, manufacture, and sales of smart electric vehicles. Further, the company in the wholesale and retail of smartphones and ecosystem partners' products; investment activities; sales of smart hardware; software and hardware development; procurement and sales of smartphones, ecosystem partners' products and spare parts, and raw materials; operation of retail stores; and commercial factoring and e-commerce business. Additionally, it provides intra-group capital supervision, collection, remittance, credit guarantee, and interest rate risk management; customer; software related; promotion; electronic payment technology; and technical services. Xiaomi Corporation was incorporated in 2010 and is headquartered in Beijing, the People's Republic of China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xiaomi Corporation reported revenue of HK$457B in FY2025 versus HK$328B in FY2021, a compound +8.6%/yr. Reported net income was HK$41.6B in FY2025, compounding +21.1%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$457B
Latest YoY
+25.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.2%
Avg. growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.2%
Revenue +8.6%/yr
FY21 HK$328B
FY22 HK$280B
FY23 HK$271B
FY24 HK$366B
FY25 HK$457B
Net income +21.1%/yr
FY21 HK$19.3B
FY22 HK$2.5B
FY23 HK$17.5B
FY24 HK$23.7B
FY25 HK$41.6B

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Cite: Fair Value Calculator (2026). "Xiaomi Corporation Fair Value". https://www.fairvalue-calculator.com/stock/1810

Peer Group

Consumer Electronics · 129 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Above median
Fair Value upside +44% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 4% · Above median
Revenue growth -11% · Below median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 15.4× · Cheaper than median
P/B 2.66× · Pricier than median
P/S (TTM) 1.59× · Pricier than 75% of peers
P/FCF 4.2× · Pricier than median
EV/EBITDA 20.8× · Pricier than median
PEG 2.23× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 92 · sector 8
FUTURE 0 · sector 13
PAST 56 · sector 10
HEALTH 96 · sector 97
DIVIDEND 0 · sector 29

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $313.33 $122.91 -61%
Samsung Electronics Co 005930 255,000 KRW 138,019 KRW -46%
Sony Group SONYN 366.00 MXN 468.94 MXN +28%
LG Electronics Inc 066570 179,000 KRW 101,531 KRW -43%
Sharetronic Data Technology Co 300857 ¥277.96 ¥35.89 -87%
Huaqin Co 603296 ¥78.20 ¥65.69 -16%
Goertek Inc 002241 ¥22.25 ¥18.86 -15%
LG Corp 003550 102,400 KRW 93,881 KRW -8%
Anker Innovations Limited 300866 ¥105.92 ¥78.52 -26%
Shenzhen Transsion Holdings 688036 ¥68.50 ¥44.90 -34%

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Frequently asked questions

Is Xiaomi Corporation (1810) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of HK$39.84 versus a price of HK$27.62, about +44% (undervalued).
What is the fair value of 1810?
Our model-based fair value for Xiaomi Corporation is HK$39.84 (as of Jul 20, 2026), built from audited fundamentals. The current price is HK$27.62.
What is the quality score of 1810?
Xiaomi Corporation has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Xiaomi Corporation (1810)?
Xiaomi Corporation reported trailing-twelve-month revenue of about HK$445B (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 1810?
The net profit margin of Xiaomi Corporation is about 8.0%, meaning it keeps roughly 8.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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