- Xiaomi’s 4Q revenue surpassed estimates, reaching 73.24 billion yuan against the predicted 72.51 billion yuan.
- The company’s smartphone revenue also beat estimates, totaling 44.2 billion yuan compared to the estimated 43.26 billion yuan.
- Revenue from IoT and lifestyle products was 20.3 billion yuan, slightly lower than the estimated 20.93 billion yuan.
- The revenue from Xiaomi’s internet services segment was 7.9 billion yuan, slightly above the estimate of 7.85 billion yuan.
- The operating profit for the quarter was higher than expected, at 5.06 billion yuan against the predicted 3.43 billion yuan.
- The adjusted net income was 4.91 billion yuan, surpassing the estimated 3.77 billion yuan.
- The gross margin was as anticipated at 21.3%.
- Xiaomi’s capital expenditure was 2.14 billion yuan, higher than the estimated 1.85 billion yuan.
- The average selling price for Xiaomi smartphones was 1,092 yuan, beating the estimate of 1,070 yuan.
- The company’s 2023 year results showed revenue of 270.97 billion yuan, slightly higher than the estimated 270.06 billion yuan.
- The operating profit for 2023 was 20.01 billion yuan, surpassing the predicted 18.45 billion yuan.
- Xiaomi’s performance has led to 31 buys, 5 holds, and 2 sells.
Xiaomi Corp on Smartkarma
Xiaomi Corp, a Chinese technology company, has been receiving extensive analyst coverage on Smartkarma, an independent investment research network. Ming Lu, a top independent analyst on the platform, recently published a report on the company’s performance in the China consumption market. Lu notes that Xiaomi’s revenue has started to grow again after a period of decline, while also highlighting the company’s strong performance in the home appliance export sector. This bullish sentiment is echoed by other analysts on Smartkarma, such as Eric Wen, who believes that Xiaomi’s recent successes may be temporary due to upcoming competition in the market.
However, not all analysts share the same positive outlook for Xiaomi. Travis Lundy, another top independent analyst, has a bearish lean on the company’s stock, citing recent net selling and a trend of tech stocks being sold. Brian Freitas, also on Smartkarma, provides a comprehensive recap of index rebalances and ETF flows, noting that there will be passive selling of Xiaomi’s stock due to its weight in various indexes. Freitas also mentions that this passive selling could open up trading opportunities for investors.
Overall, Xiaomi Corp‘s performance and potential continue to be closely monitored and analyzed by top independent analysts on Smartkarma, providing valuable insights for investors looking to make informed decisions about the company’s stock.
A look at Xiaomi Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Xiaomi Corp has a positive long-term outlook. The company has received high scores in Growth and Resilience, indicating that it is expected to experience strong growth and perform well even in challenging market conditions. This is supported by the fact that Xiaomi manufactures communication equipment and parts, including mobile phones and smart phone software, which have a high demand in the global market.
Furthermore, Xiaomi has also received a high Momentum score, suggesting that the company is currently performing well and has a strong potential for future growth. However, the company has received a lower score in Dividend, which indicates that it may not be a good option for investors looking for regular dividend payments. Overall, Xiaomi’s strong performance in key areas bodes well for its future success and makes it a promising investment opportunity for those looking for long-term growth.
Based on the company’s description, Xiaomi Corp is a global manufacturer of communication equipment and parts, with a focus on mobile phones, smart phone software, and related accessories. The company’s products are in high demand worldwide, which is reflected in its positive outlook and high scores in Growth and Resilience. With its strong momentum and potential for future growth, Xiaomi is well-positioned to continue its success in the global market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
