ZHONGJIN GOLD CORP.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.52 CNY | -2.48% |
|
-2.09% | +45.78% |
| May. 20 | Mainland China stocks close higher, lifted by high-flying gold shares | RE |
| May. 20 | China stocks rise after Beijing's measures to revive property sector | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,266 | 42,705 | 39,893 | 39,699 | 48,279 | 70,383 | - | - |
| Enterprise Value (EV) 1 | 38,525 | 50,572 | 46,727 | 43,792 | 55,314 | 70,383 | 70,383 | 70,383 |
| P/E ratio | 170 x | 25.9 x | 23.5 x | 18.8 x | 16.3 x | 19.2 x | 18.2 x | 14.2 x |
| Yield | 0.23% | 1.82% | 2.73% | 3.43% | 4.04% | 2.62% | 2.8% | 3.17% |
| Capitalization / Revenue | 0.75 x | 0.89 x | 0.71 x | 0.69 x | 0.79 x | 1 x | 1.01 x | 0.88 x |
| EV / Revenue | 0.75 x | 0.89 x | 0.71 x | 0.69 x | 0.79 x | 1 x | 1.01 x | 0.88 x |
| EV / EBITDA | 9.88 x | 9.14 x | 7.91 x | 7.58 x | 7.39 x | 8.45 x | 7.78 x | 6.6 x |
| EV / FCF | 49.7 x | - | - | - | 9.96 x | 13.7 x | 12.7 x | 11.6 x |
| FCF Yield | 2.01% | - | - | - | 10% | 7.31% | 7.88% | 8.6% |
| Price to Book | 2.13 x | 1.82 x | 1.61 x | 1.53 x | 1.86 x | 2.54 x | 2.35 x | 2.15 x |
| Nbr of stocks (in thousands) | 3,451,137 | 4,847,313 | 4,847,313 | 4,847,313 | 4,847,313 | 4,847,313 | - | - |
| Reference price 2 | 8.480 | 8.810 | 8.230 | 8.190 | 9.960 | 14.52 | 14.52 | 14.52 |
| Announcement Date | 4/30/20 | 4/29/21 | 4/20/22 | 4/26/23 | 4/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 38,963 | 47,995 | 56,102 | 57,151 | 61,264 | 70,118 | 70,000 | 80,077 |
| EBITDA 1 | 2,962 | 4,674 | 5,041 | 5,238 | 6,537 | 8,330 | 9,049 | 10,669 |
| EBIT 1 | 1,164 | 2,501 | 2,724 | 3,020 | 4,399 | 5,728 | 5,904 | 7,916 |
| Operating Margin | 2.99% | 5.21% | 4.86% | 5.28% | 7.18% | 8.17% | 8.43% | 9.89% |
| Earnings before Tax (EBT) 1 | 985 | 2,406 | 2,533 | 3,048 | 4,305 | 5,643 | 5,861 | 7,836 |
| Net income 1 | 178.8 | 1,555 | 1,698 | 2,117 | 2,978 | 3,681 | 3,870 | 4,949 |
| Net margin | 0.46% | 3.24% | 3.03% | 3.7% | 4.86% | 5.25% | 5.53% | 6.18% |
| EPS 2 | 0.0500 | 0.3400 | 0.3500 | 0.4368 | 0.6100 | 0.7580 | 0.7988 | 1.022 |
| Free Cash Flow 1 | 588.6 | - | - | - | 4,849 | 5,143 | 5,544 | 6,052 |
| FCF margin | 1.51% | - | - | - | 7.92% | 7.33% | 7.92% | 7.56% |
| FCF Conversion (EBITDA) | 19.88% | - | - | - | 74.18% | 61.74% | 61.26% | 56.72% |
| FCF Conversion (Net income) | 329.28% | - | - | - | 162.84% | 139.71% | 143.27% | 122.27% |
| Dividend per Share 2 | 0.0193 | 0.1604 | 0.2243 | 0.2810 | 0.4020 | 0.3800 | 0.4060 | 0.4600 |
| Announcement Date | 4/30/20 | 4/29/21 | 4/20/22 | 4/26/23 | 4/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| EPS 1 | 0.0600 | 0.1000 | 0.1500 | 0.1000 | 0.0900 | 0.1200 | 0.1800 | 0.1300 | 0.1800 | 0.1600 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/20/22 | 4/20/22 | 8/26/22 | 10/27/22 | 4/26/23 | 4/26/23 | 8/28/23 | 10/27/23 | 4/27/24 | 4/27/24 |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 9,259 | 7,867 | 6,834 | 4,093 | 7,035 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.126 x | 1.683 x | 1.356 x | 0.7814 x | 1.076 x | - | - | - |
| Free Cash Flow 1 | 589 | - | - | - | 4,849 | 5,143 | 5,544 | 6,052 |
| ROE (net income / shareholders' equity) | 1.31% | 7.64% | 7.02% | 8.35% | 11.9% | 13.4% | 12.9% | 15.4% |
| ROA (Net income/ Total Assets) | 0.46% | 3.43% | - | 4.4% | - | 7.08% | 7.11% | 8.03% |
| Assets 1 | 39,118 | 45,351 | - | 48,137 | - | 51,972 | 54,405 | 61,663 |
| Book Value Per Share 2 | 3.980 | 4.830 | 5.130 | 5.340 | 5.350 | 5.730 | 6.190 | 6.750 |
| Cash Flow per Share 2 | 0.6300 | 0.9400 | 0.9100 | 1.170 | 1.330 | 1.200 | 1.640 | 1.790 |
| Capex 1 | 1,598 | 1,535 | 1,274 | 1,115 | 1,574 | 2,107 | 1,796 | 1,659 |
| Capex / Sales | 4.1% | 3.2% | 2.27% | 1.95% | 2.57% | 3% | 2.57% | 2.07% |
| Announcement Date | 4/30/20 | 4/29/21 | 4/20/22 | 4/26/23 | 4/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
14.52
CNY
Average target price
16.06
CNY
Spread / Average Target
+10.64%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +45.78% | 9.97B | |
| +13.46% | 23.97B | |
| +4.49% | 14.66B | |
| +43.88% | 6.15B | |
| -3.12% | 5.29B | |
| -3.54% | 5.25B | |
| +33.39% | 3.49B | |
| -10.56% | 2.28B | |
| +11.11% | 2.2B | |
| +18.62% | 1.76B |
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- Financials Zhongjin Gold Corp.,Ltd
