ZIJIN MINING GROUP COMPANY LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.62 HKD | +3.28% |
|
-0.68% | +38.52% |
| Apr. 25 | Analysis-BHP's proposed bid for Anglo American is a big bet on copper | RE |
| Apr. 24 | Jefferies Adjusts Zijin Mining Group’s Price Target to HK$19.30 From HK$18.80, Keeps at Buy | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 110,016 | 224,769 | 243,167 | 259,171 | 322,710 | 468,998 | - | - |
| Enterprise Value (EV) 1 | 149,793 | 286,701 | 307,019 | 362,929 | 446,097 | 571,411 | 553,738 | 538,072 |
| P/E ratio | 19.3 x | 29.6 x | 12.6 x | 12.3 x | 14.5 x | 15.3 x | 12.2 x | 11.1 x |
| Yield | 2.88% | 1.62% | 2.64% | 2.14% | 2.16% | 2.06% | 2.61% | 2.77% |
| Capitalization / Revenue | 0.81 x | 1.31 x | 1.08 x | 0.96 x | 1.1 x | 1.42 x | 1.27 x | 1.27 x |
| EV / Revenue | 1.1 x | 1.67 x | 1.36 x | 1.34 x | 1.52 x | 1.72 x | 1.5 x | 1.46 x |
| EV / EBITDA | 11.5 x | 15.4 x | 9.25 x | 8.85 x | 10.6 x | 10.9 x | 8.8 x | 7.82 x |
| EV / FCF | -147 x | 594 x | 51.7 x | 90.3 x | 68.3 x | 40.3 x | 24.1 x | 16.4 x |
| FCF Yield | -0.68% | 0.17% | 1.94% | 1.11% | 1.46% | 2.48% | 4.15% | 6.09% |
| Price to Book | 1.58 x | 3.32 x | 2.8 x | 2.77 x | 2.83 x | 3.31 x | 2.83 x | 2.43 x |
| Nbr of stocks (in thousands) | 25,377,260 | 25,377,260 | 26,330,112 | 26,325,562 | 26,286,311 | 26,285,729 | - | - |
| Reference price 2 | 3.467 | 7.390 | 7.561 | 9.344 | 11.56 | 16.31 | 16.31 | 16.31 |
| Announcement Date | 3/20/20 | 3/19/21 | 3/18/22 | 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 | 136,098 | 171,501 | 225,102 | 270,329 | 293,403 | 331,395 | 369,958 | 368,831 |
| EBITDA 1 | 12,982 | 18,609 | 33,207 | 40,989 | 42,036 | 52,385 | 62,941 | 68,818 |
| EBIT 1 | 7,242 | 11,240 | 25,087 | 30,946 | 31,937 | 40,913 | 50,839 | 56,410 |
| Operating Margin | 5.32% | 6.55% | 11.14% | 11.45% | 10.88% | 12.35% | 13.74% | 15.29% |
| Earnings before Tax (EBT) 1 | 6,974 | 10,846 | 24,794 | 29,993 | 31,287 | 40,819 | 51,823 | 57,620 |
| Net income 1 | 4,284 | 6,509 | 15,673 | 20,042 | 21,119 | 27,468 | 34,425 | 38,401 |
| Net margin | 3.15% | 3.8% | 6.96% | 7.41% | 7.2% | 8.29% | 9.31% | 10.41% |
| EPS 2 | 0.1800 | 0.2500 | 0.6000 | 0.7600 | 0.8000 | 1.064 | 1.335 | 1.464 |
| Free Cash Flow 1 | -1,021 | 482.5 | 5,941 | 4,021 | 6,531 | 14,185 | 22,974 | 32,743 |
| FCF margin | -0.75% | 0.28% | 2.64% | 1.49% | 2.23% | 4.28% | 6.21% | 8.88% |
| FCF Conversion (EBITDA) | - | 2.59% | 17.89% | 9.81% | 15.54% | 27.08% | 36.5% | 47.58% |
| FCF Conversion (Net income) | - | 7.41% | 37.91% | 20.06% | 30.93% | 51.64% | 66.74% | 85.27% |
| Dividend per Share 2 | 0.1000 | 0.1200 | 0.2000 | 0.2000 | 0.2500 | 0.3368 | 0.4250 | 0.4517 |
| Announcement Date | 3/20/20 | 3/19/21 | 3/18/22 | 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 1 | 68,900 | 83,142 | 88,359 | 109,863 | 56,127 | 115,239 | 64,771 | 67,687 | 132,458 | 71,734 | 66,138 | 137,871 | 74,945 | 75,389 | 150,334 | 74,674 | 89,694 | 143,070 | 74,777 | 78,366 | 152,905 | 81,567 | 84,896 | 161,137 | 173,371 | 174,356 |
| EBITDA 1 | - | 7,555 | - | - | - | - | 10,443 | 10,530 | - | 8,094 | 11,923 | - | - | - | - | - | - | - | - | 15,256 | - | 13,177 | 13,594 | - | - | - |
| EBIT 1 | - | 4,360 | - | 11,633 | - | 13,453 | 8,982 | 9,734 | 18,717 | 6,436 | 5,793 | 12,229 | 8,203 | 7,539 | 15,743 | 8,579 | 7,615 | 16,194 | 9,081 | 9,804 | 17,594 | 10,204 | 10,621 | 22,131 | 29,576 | 30,143 |
| Operating Margin | - | 5.24% | - | 10.59% | - | 11.67% | 13.87% | 14.38% | 14.13% | 8.97% | 8.76% | 8.87% | 10.95% | 10% | 10.47% | 11.49% | 8.49% | 11.32% | 12.14% | 12.51% | 11.51% | 12.51% | 12.51% | 13.73% | 17.06% | 17.29% |
| Earnings before Tax (EBT) 1 | - | 4,095 | - | - | - | - | 8,911 | 9,659 | - | 6,307 | 5,116 | - | 8,110 | 7,435 | - | 8,395 | 7,348 | - | 8,828 | 9,220 | - | 9,596 | 9,988 | - | - | - |
| Net income 1 | - | 2,421 | - | - | - | - | 6,124 | 6,506 | 12,630 | 4,037 | 3,375 | - | 5,442 | 4,860 | 10,302 | 5,863 | 4,954 | - | 6,261 | 6,223 | - | 6,478 | 6,742 | - | - | - |
| Net margin | - | 2.91% | - | - | - | - | 9.45% | 9.61% | 9.54% | 5.63% | 5.1% | - | 7.26% | 6.45% | 6.85% | 7.85% | 5.52% | - | 8.37% | 7.94% | - | 7.94% | 7.94% | - | - | - |
| EPS 2 | 0.1000 | 0.1000 | 0.1550 | 0.2620 | 0.1600 | 0.3380 | 0.2330 | 0.2470 | 0.4800 | 0.1500 | 0.1300 | - | 0.2070 | 0.1800 | 0.3910 | - | 0.1850 | 0.4090 | 0.2380 | 0.2700 | 0.4800 | 0.3100 | 0.2400 | 0.6200 | 0.8600 | 0.8900 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/20/20 | 8/21/20 | 3/19/21 | 7/30/21 | 3/18/22 | 3/18/22 | 4/11/22 | 8/12/22 | 8/12/22 | 10/21/22 | 3/24/23 | 3/24/23 | 4/27/23 | 8/25/23 | 8/25/23 | 10/28/23 | 3/22/24 | 3/22/24 | 4/22/24 | - | - | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 39,777 | 61,932 | 63,852 | 103,758 | 123,387 | 102,413 | 84,740 | 69,074 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.064 x | 3.328 x | 1.923 x | 2.531 x | 2.935 x | 1.955 x | 1.346 x | 1.004 x |
| Free Cash Flow 1 | -1,021 | 482 | 5,941 | 4,021 | 6,531 | 14,185 | 22,974 | 32,743 |
| ROE (net income / shareholders' equity) | 11.4% | 12.2% | 24.6% | 25.3% | 21.4% | 21.7% | 21.9% | 21.3% |
| ROA (Net income/ Total Assets) | 3.62% | 4.25% | 8.02% | 7.79% | 6.51% | 7.36% | 8.61% | 9.2% |
| Assets 1 | 118,341 | 153,070 | 195,454 | 257,319 | 324,525 | 373,283 | 399,831 | 417,596 |
| Book Value Per Share 2 | 2.200 | 2.230 | 2.700 | 3.380 | 4.080 | 4.930 | 5.770 | 6.720 |
| Cash Flow per Share 2 | 0.4600 | 0.5600 | 1.010 | 1.090 | 1.400 | 1.600 | 1.820 | 1.960 |
| Capex 1 | 11,687 | 13,786 | 20,131 | 24,657 | 30,329 | 27,897 | 26,847 | 29,521 |
| Capex / Sales | 8.59% | 8.04% | 8.94% | 9.12% | 10.34% | 8.42% | 7.26% | 8% |
| Announcement Date | 3/20/20 | 3/19/21 | 3/18/22 | 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+
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
16.31
CNY
Average target price
17.95
CNY
Spread / Average Target
+10.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +38.52% | 64.72B | |
| +31.13% | 16.91B | |
| +45.06% | 2.68B |
- Stock Market
- Equities
- 2899 Stock
- Financials Zijin Mining Group Company Limited
