Actionable Insights, Assured Alpha, ANTYA Investments

ANTYA Investments

Actionable Insights, Assured Alpha

Investing That Empowers You

ANTYA Investments Inc., regulated by the Ontario Securities Commission, is registered to provide wealth management services in Canada. ANTYA manages institutional, and high net-worth client portfolios on a discretionary basis. Our investment philosophy embraces a Core-Satellite approach.  The core of the portfolio is chosen from a group of fifteen asset classes. A few stock specific asymmetrical investment opportunities comprise the satellite segment. ANTYA invests only in global, large capitalization, and investment grade companies.  

Equity Capital Markets

<p>Our updated sum-of-the-parts equity valuation, based on 22.4 billion post-IPO shares outstanding, including the approximate proceeds to the Company of  US$3.56 billion (excluding the green-shoe option, assuming the stock prices at HK$ 19.5 at midpoint), implies an equity value of less than $US 1.00 /share of Xiaomi Inc. Our equity value estimate implies an EV/TTM EBITDA multiple of 20 x. That is rich!</p>

Our updated sum-of-the-parts equity valuation, based on 22.4 billion post-IPO shares outstanding, including the approximate proceeds to the Company of  US$3.56 billion (excluding the green-shoe option, assuming the stock prices at HK$ 19.5 at midpoint), implies an equity value of less than $US 1.00 /share of Xiaomi Inc. Our equity value estimate implies an EV/TTM EBITDA multiple of 20 x. That is rich!

Xiaomi Inc. – Where Is the Transparency? Updated Equity Value Estimate of US$1/Share

<p><a href="https://www.smartkarma.com/entities/24409" target="_blank" data-smartkarma-citation="entities:24409:1">Xiaomi Corp (XIAOMZ HK)</a> has gained global credibility by gatecrashing the smartphone market via value-based pricing and some luck. With <a href="https://www.smartkarma.com/entities/6922" target="_blank" data-smartkarma-citation="entities:6922:1">Zte Corp H (763 HK)</a> under the gun currently, the Company could benefit if the Department of Justice, President Trump and the Senate cannot come to an amicable solution. However, any benefit is likely to be short-lived, and cannot sustain a valuation of more than $20 billion in equity value. Therefore, investors need to get a price below USD 15/share to have any reasonable chance of earning a defensible return.</p>

Xiaomi Corp (XIAOMZ HK) has gained global credibility by gatecrashing the smartphone market via value-based pricing and some luck. With Zte Corp H (763 HK) under the gun currently, the Company could benefit if the Department of Justice, President Trump and the Senate cannot come to an amicable solution. However, any benefit is likely to be short-lived, and cannot sustain a valuation of more than $20 billion in equity value. Therefore, investors need to get a price below USD 15/share to have any reasonable chance of earning a defensible return.

Xiaomi Corporation – Value Is in the Eye of the Beholder - $100 Billion or $20 Billion - A Wide Gulf

China

ZTE Corporation develops and markets switches, access servers, videoconferencing systems, mobile communication systems, data communication devices, and optical communication devices.  The Company also offers networking solutions for setup, refurbishment and optimization of networks.

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Zte Corp A (000063 CH)

Xiaomi Corporation – Value Is in the Eye of the Beholder - $100 Billion or $20 Billion - A Wide Gulf

Xiaomi Corp (XIAOMZ HK) has gained global credibility by gatecrashing the smartphone market via value-based pricing and some luck. With Zte Corp H...

ANTYA Investments

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Xiaomi Inc. – Where Is the Transparency? Updated Equity Value Estimate of US$1/Share

Our updated sum-of-the-parts equity valuation, based on 22.4 billion post-IPO shares outstanding, including the approximate proceeds to the Company...

ANTYA Investments

Xiaomi Corporation – Value Is in the Eye of the Beholder - $100 Billion or $20 Billion - A Wide Gulf

Xiaomi Corp (XIAOMZ HK) has gained global credibility by gatecrashing the smartphone market via value-based pricing and some luck. With Zte Corp H...

ANTYA Investments