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Xunlei Ltd (XNET) stock analysis

XNETNasdaqServices-Prepackaged Software
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 28, 2026Score 10/30
$3.49+0.00 (0.00%)

Close on Nov 11, 2026Market cap $219.37MP/E 0.2Yield 0.00%

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth3Performance4Health3Dividend0

Mixed10 of 30 checks passed

Xunlei passes 10 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
3/6
Past performance
4/6
Financial health
3/6
Dividend
0/6

What stands out

  • Return on equity over 15%

    Return on equity was 124% over the last twelve months and averaged 27.2% over five years.

  • Low debt

    Debt is 5.5% of shareholders' equity, under the 40% we consider low.

  • Revenue growing 10%+ a year

    Revenue grew 10.5% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 273% a year over the last three fiscal years.

What to watch

  • Return on capital under 10%

    Return on invested capital was 1.1%, below the 10% that usually covers the cost of capital.

  • Interest not well covered

    Operating income covers interest expense 3.9 times; we look for at least 5.

  • Gross margin slipping

    Gross margin was 47.2% over the last twelve months, against 51.9% a year earlier.

  • No dividend

    Xunlei has not paid a dividend in the last twelve months.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth3/6

  • Revenue growing 10%+ a year

    Revenue grew 10.5% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 273% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 42.5% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin slipping

    Gross margin was 47.2% over the last twelve months, against 51.9% a year earlier.

Past performance4/6

  • Return on equity over 15%

    Return on equity was 124% over the last twelve months and averaged 27.2% over five years.

  • Return on capital under 10%

    Return on invested capital was 1.1%, below the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Xunlei's return on equity of 124% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -1.2%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 228% over the last twelve months, against a 5-year average of 47.7%.

  • Net margin above the industry

    Xunlei's net margin of 228% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.

Financial health3/6

  • Low debt

    Debt is 5.5% of shareholders' equity, under the 40% we consider low.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 42.9% of total debt.

  • Interest not well covered

    Operating income covers interest expense 3.9 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 1.92 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    Xunlei has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Xunlei. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

High risk

Average value traded per day
$1.03M
Value traded per 1% price move
$586.35K

Downside

High risk

Typical loss in a bad month
29.1%
Volatility (annualized)
54%
Sharpe ratio, 1 year
-1.12
Beta to the S&P 500 (5Y)
1.31

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

47.2%−3.0 pts over 5 years

Operating margin

1.4%+11.5 pts over 5 years

Net margin

227.7%+235.1 pts over 5 years

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