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The stock of Xiaomi (OTCPK:XIACY) (OTCPK:XIACF) has a price return of over 11.5% since our February 2019 buy recommendation. The actionable opportunity here is that Xiaomi remains a decent value play. Xiaomi has a better revenue CAGR than Apple and yet investors only gave XIACY 1.31x Price/Sales and 1.11 EV/Sales valuation. These multiples are notably lower than Apple’s ratios. Xiaomi’s Price/Book and Price/Cash Flow valuation multiples are also lower than Apple.
(Source: Seeking Alpha)
We bought a lot of Xiaomi shares when they traded below $6 last year. We have not