# Xunlei Limited American (XNET) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Communication Services / Diversified Telecommunication Services. Price $4.88, market value $311 million.

## Valuation
- **P/E (trailing): 0.4×** (5-yr avg 233.2×, 3-yr avg 187.7×). Xunlei Limited American trades at 0.4× trailing earnings, well below its own five-year average of 233.2×: cheap by its own standards. The Communication Services median in the September 2026 study was 21.1×.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.3×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 8.7%** (5-yr avg 3.2%). Free cash flow equals 8.7% of the market value, above its five-year average of 3.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 276.8%**. The inverse of the P/E: 276.8% of the price is earned each year.

## Profitability
- **Gross margin: 50.6%**. Xunlei Limited American keeps 50.6% of revenue after the direct cost of what it sells.
- **Operating margin: 1.7%**. 1.7% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 227.7%**. 227.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 76.3%**. A 76.3% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 0.6%**. Return on all capital, debt included, is 0.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.4%**. Each dollar of assets produces -4.4% of profit.

## Growth
- **Revenue growth (1 yr): 42.5%** (3-yr 10.5%/yr, 5-yr 19.8%/yr). Revenue grew 42.5% over the last year, against 19.8% a year compounded over five years: growth is accelerating.
- **Free-cash-flow growth (3 yr): -9.1%/yr**. Free cash flow has compounded at -9.1% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.06**. Debt is 0.06 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.0×**. It would take 1.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 3.9×**. Operating profit covers interest 3.9× over, a safe margin.
- **Altman Z-score: 2.19**. A Z-score of 2.19 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Xunlei Limited American does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -33.3%** (YTD -31.2%, 3-mo 4.7%). The shares are down 33.3% over twelve months including dividends.
- **From 52-week high: -55.8%** (8.0% above the low). Trading 56% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 1.95** (volatility 59%). Beta of 1.95 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=XNET · Page: https://foliofundamentals.com/stocks/xnet

Not investment advice.