- Xiaomi’s first-quarter revenue surpassed estimates, reaching 75.51 billion yuan against an estimated 73.54 billion yuan.
- The revenue from smartphones was 46.48 billion yuan. The estimated revenue was a little less, at 45.05 billion yuan.
- IoT and lifestyle products generated 20.37 billion yuan, topping the estimated 19.66 billion yuan.
- The internet services segment wasn’t left behind, earning 8.05 billion yuan in revenue against the estimated 7.7 billion yuan.
- However, the operating profit was 3.68 billion yuan, which was lesser than the estimated 5.07 billion yuan.
- Net income hit 4.18 billion yuan, slightly above the estimated 4.07 billion yuan.
- The adjusted net income was 6.49 billion yuan. This figure surpassed the estimated 5.13 billion yuan significantly.
- The gross margin was at 22.3%, a percentage point more than the estimated 21.3%.
- The capital expenditure was significantly high at 2.34 billion yuan compared to the estimated 1.59 billion yuan.
- The smartphones had an average selling price of 1,145 yuan that exceeded the estimated average selling price of 1,111 yuan.
- According to available ratings, Xiaomi has 31 buys, 6 holds and only 1 sell.
Xiaomi Corp on Smartkarma
Analysts on Smartkarma have provided bullish coverage of Xiaomi Corp, with Eric Wen highlighting the company’s positive Investor Day surprises in guidance and deliveries. Wen raised the EV profitability estimates and expects Xiaomi’s market share to expand, especially with its entry into SUVs.
Ming Lu‘s research also reflects favorably on Xiaomi, noting rapid shipment growth in the first quarter and encouraging financial results despite market challenges. Trung Nguyen‘s analysis of Xiaomi Corp‘s FY 2023 results showcases the company’s improved profitability, healthy balance sheet, and strong positioning for future growth, particularly in the smart EV market. Overall, analysts on Smartkarma seem optimistic about Xiaomi’s performance and potential in the market.
A look at Xiaomi Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Analysts from Smartkarma have evaluated Xiaomi Corporation’s long-term outlook using their Smart Scores system. The company has received a solid score of 3 for both Value and Growth, indicating a positive outlook in terms of the company’s value and potential growth opportunities. With a high score of 5 in Resilience, Xiaomi is deemed to be well-positioned to weather market fluctuations and economic challenges. Additionally, the company scored a perfect 5 in Momentum, suggesting strong upward movement and market confidence in Xiaomi’s future prospects.
Xiaomi Corporation, a leading manufacturer of communication equipment and mobile devices, has been recognized for its strong resilience and growth potential in the market. While the company’s dividend score is lower at 1, the overall outlook for Xiaomi remains promising, driven by its value, growth prospects, and robust momentum. Xiaomi’s global presence and diverse product range position it well for continued success in the competitive technology industry.
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.
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