Stocktoria

Xunlei Ltd XNET

Nasdaq · stock · Services-Prepackaged Software · website · IPO 2014-06-24

Xunlei Ltd statistics & valuation

Market cap$350.1M
P / E0.3×
P / S0.8×
P / B0.3×
P / FCF12.9×
Net margin226.7%
Return on equity76.3%
FCF margin5.9%
Net debt$138.0M
Net debt / EBITDA11.9×
Enterprise value USD$488.1M
EV / EBITDA42.1×
Earnings yield EBIT/EV1.4%
Return on capital0.5%
Graham number +261.9%$17.99

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($17.99); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-17.20% -18.90% -17.00% -29.30% -7.40% 0.50% 6.30% 3.90% 0.40% 226.70% 2016201720182019202020212022202320242025
Gross margin (%)
43.00% 41.20% 49.80% 44.50% 50.20% 50.20% 41.30% 44.70% 51.70% 47.00% 2016201720182019202020212022202320242025
Operating margin (%)
-29.60% -27.00% -19.20% -31.10% -10.10% -1.80% 2.90% -0.40% -4.80% 1.40% 2016201720182019202020212022202320242025
Return on equity (%)
-5.90% -9.80% -11.40% -17.90% -4.70% 0.40% 6.90% 4.40% 0.40% 76.30% 2016201720182019202020212022202320242025
Shares outstanding
334.2M 333.6M 336.5M 339.2M 337.4M 337.3M 336.2M 326.8M 319.1M 316.5M 2016201720182019202020212022202320242025
Net debt ($)
-$151.1M -$117.3M -$155.3M $22.7M $138.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-4.70% -7.10% -8.60% -12.50% -3.30% 0.30% 4.60% 3.00% 0.30% 64.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2.30% -9.70% -16.10% -26.90% -14.70% 2.60% 10.50% 6.00% 7.10% 5.90% 2016201720182019202020212022202320242025
Debt / equity (×)
0.04× 0.07× 0.05× 0.63× 0.21× 2016201720182019202020212022202320242025
EPS ($)
-$0.07 -$0.11 -$0.12 -$0.16 -$0.04 $0.00 $0.06 $0.04 $0.00 $3.31 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Xunlei Ltd trades at about 1.5× earnings — below its 10-year norm (10-year range 1.9×–652.6×, median 34.7×).

1.5× 652.6×

Shaded band = 10-year range (1.9×–652.6×); dot = today's 1.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin47.0%51.7%44.7%41.3%50.2%50.2%44.5%49.8%41.2%43.0%
Operating margin1.4%-4.8%-0.4%2.9%-1.8%-10.1%-31.1%-19.2%-27.0%-29.6%
Net margin226.7%0.4%3.9%6.3%0.5%-7.4%-29.3%-17.0%-18.9%-17.2%
FCF margin5.9%7.1%6.0%10.5%2.6%-14.7%-26.9%-16.1%-9.7%2.3%
Return on assets64.2%0.3%3.0%4.6%0.3%-3.3%-12.5%-8.6%-7.1%-4.7%
Return on equity76.3%0.4%4.4%6.9%0.4%-4.7%-17.9%-11.4%-9.8%-5.9%
Debt / equity0.21×0.63×0.05×——0.07×0.04×———
Current ratio1.922.862.562.592.452.932.843.363.044.41

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.