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Xinyi Solar Valuation Multiples
Discover revenue and EBITDA valuation multiples for Xinyi Solar and similar public comparables like Doral Group Renewable, Drax Group, Tohoku Electric Power, USA Compression and more.
Xinyi Solar Overview
About Xinyi Solar
Xinyi Solar Holdings Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the production and sale of solar glass products and the development and operation of solar farms. The company's operating segments include sales of solar glass and solar farm business, which includes solar farm development and solar power generation. A majority of its revenue is generated from the sales of solar glass. Geographically, it derives maximum revenue from Mainland China, followed by other areas in Asia, North America and Europe, and other regions.
Founded
2011
HQ

Employees
9.6K
Website
Financials (LTM)
EV
$5B
Xinyi Solar Financials
Xinyi Solar reported last 12-month revenue of $3B and EBITDA of $676M.
In the same LTM period, Xinyi Solar generated $609M in gross profit, $676M in EBITDA, and $136M in net income.
Revenue (LTM)
Xinyi Solar P&L
In the most recent fiscal year, Xinyi Solar reported revenue of $3B and EBITDA of $638M.
Xinyi Solar expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $609M | XXX | $504M | XXX | XXX | XXX |
| Gross Margin | 20% | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $676M | XXX | $638M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $136M | XXX | $146M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Xinyi Solar Stock Performance
Xinyi Solar has current market cap of $4B, and enterprise value of $5B.
Market Cap Evolution
Xinyi Solar's stock price is $0.42.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $4B | 0.0% | XXX | XXX | XXX | $0.02 |
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Start Free TrialXinyi Solar Valuation Multiples
Xinyi Solar trades at 1.8x EV/Revenue multiple, and 8.1x EV/EBITDA.
EV / Revenue (LTM)
Xinyi Solar Financial Valuation Multiples
As of April 6, 2026, Xinyi Solar has market cap of $4B and EV of $5B.
Equity research analysts estimate Xinyi Solar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Xinyi Solar has a P/E ratio of 28.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 8.1x | XXX | 8.6x | XXX | XXX | XXX |
| EV/EBIT | 11.1x | XXX | 14.7x | XXX | XXX | XXX |
| EV/Gross Profit | 9.0x | XXX | 10.9x | XXX | XXX | XXX |
| P/E | 28.5x | XXX | 26.5x | XXX | XXX | XXX |
| EV/FCF | 14.7x | XXX | (10.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Xinyi Solar Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Xinyi Solar Margins & Growth Rates
Xinyi Solar's revenue in the last 12 month declined by (2%).
Xinyi Solar's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.
Xinyi Solar's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Xinyi Solar's rule of X is 8% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Xinyi Solar Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | (5%) | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 17% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 8% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Xinyi Solar Public Comps
See public comps and valuation multiples for other Clean Technology and Energy Equipment comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Doral Group Renewable | XXX | XXX | XXX | XXX | XXX | XXX |
| Drax Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Tohoku Electric Power | XXX | XXX | XXX | XXX | XXX | XXX |
| USA Compression | XXX | XXX | XXX | XXX | XXX | XXX |
| CMB.Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Xinyi Solar M&A Activity
Xinyi Solar acquired XXX companies to date.
Last acquisition by Xinyi Solar was on XXXXXXXX, XXXXX. Xinyi Solar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Xinyi Solar
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialXinyi Solar Investment Activity
Xinyi Solar invested in XXX companies to date.
Xinyi Solar made its latest investment on XXXXXXXX, XXXXX. Xinyi Solar invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Xinyi Solar
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Xinyi Solar
| When was Xinyi Solar founded? | Xinyi Solar was founded in 2011. |
| Where is Xinyi Solar headquartered? | Xinyi Solar is headquartered in China. |
| How many employees does Xinyi Solar have? | As of today, Xinyi Solar has over 9K employees. |
| Who is the CEO of Xinyi Solar? | Xinyi Solar's CEO is Shing Put Lee. |
| Is Xinyi Solar publicly listed? | Yes, Xinyi Solar is a public company listed on HKEX. |
| What is the stock symbol of Xinyi Solar? | Xinyi Solar trades under 00968 ticker. |
| When did Xinyi Solar go public? | Xinyi Solar went public in 2013. |
| Who are competitors of Xinyi Solar? | Xinyi Solar main competitors are Doral Group Renewable, Drax Group, Tohoku Electric Power, USA Compression. |
| What is the current market cap of Xinyi Solar? | Xinyi Solar's current market cap is $4B. |
| What is the current revenue of Xinyi Solar? | Xinyi Solar's last 12 months revenue is $3B. |
| What is the current revenue growth of Xinyi Solar? | Xinyi Solar revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of Xinyi Solar? | Current revenue multiple of Xinyi Solar is 1.8x. |
| Is Xinyi Solar profitable? | Yes, Xinyi Solar is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Xinyi Solar? | Xinyi Solar's last 12 months EBITDA is $676M. |
| What is Xinyi Solar's EBITDA margin? | Xinyi Solar's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Xinyi Solar? | Current EBITDA multiple of Xinyi Solar is 8.1x. |
| What is the current FCF of Xinyi Solar? | Xinyi Solar's last 12 months FCF is $373M. |
| What is Xinyi Solar's FCF margin? | Xinyi Solar's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Xinyi Solar? | Current FCF multiple of Xinyi Solar is 14.7x. |
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