Company Valuation: Shandong Gold Mining Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 77,359 80,255 94,218 91,933 170,867 166,882 - -
Change - 3.74% 17.4% -2.42% 85.86% -2.33% - -
Enterprise Value (EV) 1 85,126 91,431 135,137 144,633 218,821 212,618 208,187 215,076
Change - 7.41% 47.8% 7.03% 51.29% -2.83% -2.08% 3.31%
P/E ratio -209x 95.8x 54.5x 39.7x 41.2x 18.7x 16.9x 15.2x
PBR 2.88x 3.74x 3.09x 4.07x 3.97x 3.4x 2.98x 2.67x
PEG - -0x 0x 1.1x 0.6x 0x 1.5x 1.3x
Capitalization / Revenue 2.28x 1.6x 1.59x 1.11x 1.64x 1.24x 1.21x 1.11x
EV / Revenue 2.51x 1.82x 2.28x 1.75x 2.1x 1.59x 1.51x 1.43x
EV / EBITDA 33.6x 17.4x 14.3x 13.6x 13.2x 7.7x 6.85x 6.56x
EV / EBIT 1,243x 43.5x 25.1x 25.2x 23.3x 9.21x 8.92x 8.39x
EV / FCF -53.8x - -58x -21.4x 25.5x 23.7x 20.7x 15.6x
FCF Yield -1.86% - -1.72% -4.67% 3.92% 4.23% 4.82% 6.42%
Dividend per Share 2 0.05 0.07 0.14 0.148 0.18 0.7162 0.837 0.7934
Rate of return 0.27% 0.37% 0.61% 0.65% 0.46% 1.86% 2.18% 2.06%
EPS 2 -0.09 0.2 0.42 0.57 0.94 2.054 2.278 2.535
Distribution rate -55.6% 35% 33.3% 26% 19.1% 34.9% 36.7% 31.3%
Net sales 1 33,935 50,306 59,275 82,518 104,287 134,094 138,151 150,151
EBITDA 1 2,535 5,263 9,476 10,633 16,557 27,610 30,413 32,794
EBIT 1 68.48 2,102 5,378 5,744 9,389 23,082 23,333 25,638
Net income 1 -193.7 1,246 1,804 2,952 4,739 9,707 10,522 12,004
Net Debt 1 7,767 11,176 40,920 52,700 47,954 45,736 41,305 48,194
Reference price 2 18.82 19.16 22.87 22.63 38.71 38.44 38.44 38.44
Nbr of stocks (in thousands) 4,473,430 4,473,430 4,473,430 4,473,430 4,609,930 4,609,930 - -
Announcement Date 3/28/22 3/29/23 3/28/24 3/27/25 3/26/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.71x1.62x7.85x1.86% 24.48B
11.44x2x6.8x2.74% 132B
24.34x - - 1.22% 6.91B
Average 18.17x 1.81x 7.32x 1.94% 54.48B
Weighted average by Cap. 13.08x 1.94x 6.96x 2.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Shandong Gold Mining Co., Ltd.