XNETXunlei Limited

$4.80-55% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 40 out of 100, Below average
Today's price. Only valuation depends on it.

Below average. Xunlei Limited scores higher than 35% of the 2,291 companies Ryufin scores.

Carried by valuation, held back by return on capital and return on new capital.

Technology median 43 · all companies 54

How the score has moved

At each fiscal year end, from the reports and price of the time
21
18
23
25
40
2020202120232024today

The biggest move was up 15 points from 2024 to today, mostly valuation.

Valuation

26% of the score, 30% here after data gaps

90median 50

Xunlei Limited is valued at 11.5x its operating profit, including debt: a low multiple.

60x
50x
35x
25x
18x
12x
8x
11.5x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score, 20% here after data gaps

0median 23

Over 7 years the business earned -8.3% a year after tax on the capital it uses.

2%
8%
15%
25%
-8.3%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 1.1%

Return on new capital

16% of the score, 18% here after data gaps

0median 33

No operating profit over the period, so nothing was earned to reinvest.

Capital allocation

14% of the score, 16% here after data gaps

48median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 1.3% a year over 5 years: buybacks
78
5%
-3%
-1.3%
0 pointsfull points
Assets against salesAssets grew 31% a year, sales 20%
3
12%
-2%
12%
0 pointsfull points

Cycle position

Taken out: its 12% is shared by the others

n/ano data

Margins have been too thin to measure a cycle against.

Balance sheet

8% of the score, 9% here after data gaps

61median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDAMore cash than debt
100
Interest coverOperating profit covers interest 4x
23
1.5x
12x
3.9x
0 pointsfull points

Earnings quality

6% of the score, 7% here after data gaps

0median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 0.08x profit over 3 years
0
0.7x
1x
1.3x
0.1x
0 pointsfull points
AccrualsProfit ran ahead of cash by 96.5% of assets
0
8%
0%
-8%
96%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. For XNET, cycle position could not be measured from the filings, so it is taken out and the remaining weights scale up.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2025-12-31, latest annual report FY2025.