Financials Zhaojin Mining Industry Company Limited

Equities

1818

CNE1000004R6

Gold

Delayed Hong Kong S.E. 11:59:55 2024-04-28 pm EDT 5-day change 1st Jan Change
12.54 HKD -3.69% Intraday chart for Zhaojin Mining Industry Company Limited +2.45% +29.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,782 25,406 17,747 25,071 28,863 41,006 - -
Enterprise Value (EV) 1 39,768 39,983 30,398 40,265 40,545 57,032 57,125 60,099
P/E ratio 51.3 x 24.3 x 543 x 110 x 63 x 35.5 x 24.5 x 17.1 x
Yield 0.52% 0.64% - 0.52% 0.45% 0.67% 0.9% 1.27%
Capitalization / Revenue 3.92 x 3.32 x 2.59 x 3.18 x 3.43 x 4.47 x 3.67 x 3.06 x
EV / Revenue 6.28 x 5.23 x 4.43 x 5.11 x 4.81 x 6.21 x 5.11 x 4.49 x
EV / EBITDA 17 x 12.9 x 14.8 x 17.8 x 14.9 x 18.3 x 12.4 x 9.56 x
EV / FCF 106 x 18.1 x - -52.4 x - -122 x -140 x 50.3 x
FCF Yield 0.94% 5.53% - -1.91% - -0.82% -0.71% 1.99%
Price to Book 1.78 x 1.87 x 1.09 x 1.51 x 1.54 x 1.95 x 1.83 x 1.64 x
Nbr of stocks (in thousands) 3,220,696 3,270,393 3,270,393 3,270,393 3,270,393 3,402,393 - -
Reference price 2 7.695 7.768 5.427 7.666 8.825 12.05 12.05 12.05
Announcement Date 3/22/20 3/24/21 3/21/22 3/24/23 3/22/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,330 7,649 6,859 7,886 8,424 9,182 11,185 13,386
EBITDA 1 2,334 3,098 2,055 2,261 2,729 3,118 4,613 6,289
EBIT 1 1,306 2,014 1,165 1,275 1,733 2,022 3,429 4,776
Operating Margin 20.63% 26.34% 16.98% 16.17% 20.58% 22.02% 30.66% 35.68%
Earnings before Tax (EBT) 1 595.7 1,337 281.7 739.2 1,127 1,464 2,783 4,375
Net income 1 479.3 1,052 33.7 402 686.4 860 1,649 2,444
Net margin 7.57% 13.76% 0.49% 5.1% 8.15% 9.37% 14.75% 18.26%
EPS 2 0.1500 0.3200 0.0100 0.0700 0.1400 0.3391 0.4924 0.7052
Free Cash Flow 1 375.6 2,209 - -768.1 - -467 -408 1,195
FCF margin 5.93% 28.88% - -9.74% - -5.09% -3.65% 8.93%
FCF Conversion (EBITDA) 16.1% 71.32% - - - - - 19%
FCF Conversion (Net income) 78.37% 209.96% - - - - - 48.89%
Dividend per Share 2 0.0400 0.0500 - 0.0400 0.0400 0.0806 0.1081 0.1530
Announcement Date 3/22/20 3/24/21 3/21/22 3/24/23 3/22/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 S1 2025 S2
Net sales 3,512 3,132 4,517 3,487 - 3,373 - - 3,536 - - 4,350 - - 3,447 - - 4,977 - - 4,240 - - 4,815 4,832 5,230
EBITDA - 1,382 - - - - - - - - - - - - - - - - - - - - - - - -
EBIT - 874.6 - 502.1 - 575.5 - - 596 - - 678.9 - - 759.9 - - 973.3 - - 1,369 - - 1,777 1,736 1,949
Operating Margin - 27.93% - 14.4% - 17.06% - - 16.86% - - 15.61% - - 22.05% - - 19.56% - - 32.29% - - 36.9% 35.92% 37.27%
Earnings before Tax (EBT) - 579.5 - - - - - - - - - - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - - - - - - - - - - - - -
EPS 1 0.0800 0.1300 0.1900 0.006000 - 0.004000 0.0300 - 0.0300 0.0500 -0.0100 0.0400 0.0300 0.0100 0.0400 0.0700 0.0300 0.1000 0.0700 0.0900 0.1900 0.1100 0.0900 0.2600 0.2000 0.2400
Dividend per Share - - - - - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 3/22/20 8/25/20 3/24/21 8/23/21 3/21/22 3/21/22 4/25/22 8/22/22 8/22/22 10/20/22 3/24/23 3/24/23 4/14/23 8/25/23 8/25/23 10/27/23 3/22/24 3/22/24 4/15/24 - - - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 14,987 14,577 12,651 15,194 11,682 16,025 16,119 19,093
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.422 x 4.706 x 6.155 x 6.719 x 4.28 x 5.14 x 3.494 x 3.036 x
Free Cash Flow 1 376 2,209 - -768 - -467 -408 1,195
ROE (net income / shareholders' equity) 3.52% 7.65% 0.68% 2.4% 3.86% 4.38% 9.03% 12.5%
ROA (Net income/ Total Assets) 1.26% 2.63% 1.32% 0.9% 1.47% 2.2% 4.54% 5.35%
Assets 1 38,070 39,971 2,553 44,661 46,576 39,091 36,327 45,687
Book Value Per Share 2 4.330 4.140 4.980 5.080 5.740 6.190 6.590 7.360
Cash Flow per Share 2 0.5500 1.110 0.8500 0.2100 - 0.9500 1.230 1.580
Capex 1 1,404 1,425 2,148 1,461 - 1,850 2,470 2,485
Capex / Sales 22.18% 18.63% 31.31% 18.53% - 20.15% 22.09% 18.56%
Announcement Date 3/22/20 3/24/21 3/21/22 3/24/23 3/22/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
12.05 CNY
Average target price
12.8 CNY
Spread / Average Target
+6.17%
Consensus
  1. Stock Market
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  4. Financials Zhaojin Mining Industry Company Limited