Financials JCHX Mining Management Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-07-01 pm EDT			5-day change	1st Jan Change
49.56 ^CNY	-2.06%		-1.33%	+31.25%

May. 10	JCHX Mining Management Receives 125 Million Yuan Contract for Laos' Kaiyuan Mine	MT
Apr. 25	JCHX Mining Management Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,170	12,627	15,373	22,737	30,615	-	-
Enterprise Value (EV) ¹	7,170	12,627	15,373	22,737	30,615	30,615	30,615
P/E ratio	19.7 x	27.2 x	26.1 x	23.5 x	17.4 x	13.1 x	11.2 x
Yield	-	0.47%	0.47%	0.53%	0.54%	0.66%	0.73%
Capitalization / Revenue	-	2.8 x	2.87 x	3.07 x	3.06 x	2.48 x	2.19 x
EV / Revenue	-	2.8 x	2.87 x	3.07 x	3.06 x	2.48 x	2.19 x
EV / EBITDA	-	-	13.8 x	12.3 x	9.97 x	7.89 x	6.62 x
EV / FCF	-	79.8 x	-24.1 x	-40.4 x	-33.9 x	49.3 x	16.3 x
FCF Yield	-	1.25%	-4.15%	-2.47%	-2.95%	2.03%	6.13%
Price to Book	-	2.51 x	2.59 x	3.23 x	3.44 x	2.78 x	2.31 x
Nbr of stocks (in thousands)	577,289	587,844	600,266	602,135	617,727	-	-
Reference price ²	12.42	21.48	25.61	37.76	49.56	49.56	49.56
Announcement Date	4/29/21	4/19/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	4,504	5,355	7,399	10,018	12,340	14,006
EBITDA ¹	-	-	1,116	1,845	3,069	3,878	4,623
EBIT ¹	-	604.8	786.6	1,347	2,296	3,060	3,593
Operating Margin	-	13.43%	14.69%	18.2%	22.92%	24.79%	25.66%
Earnings before Tax (EBT) ¹	-	600.3	780.9	1,331	2,295	3,058	3,591
Net income ¹	365.3	471	609.8	1,031	1,743	2,316	2,707
Net margin	-	10.46%	11.39%	13.94%	17.4%	18.76%	19.33%
EPS ²	0.6300	0.7900	0.9800	1.610	2.850	3.786	4.406
Free Cash Flow ¹	-	158.2	-637.9	-562.2	-902	621	1,876
FCF margin	-	3.51%	-11.91%	-7.6%	-9%	5.03%	13.39%
FCF Conversion (EBITDA)	-	-	-	-	-	16.01%	40.58%
FCF Conversion (Net income)	-	33.58%	-	-	-	26.82%	69.3%
Dividend per Share ²	-	0.1000	0.1200	0.2000	0.2660	0.3260	0.3633
Announcement Date	4/29/21	4/19/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	158	-638	-562	-902	621	1,876
ROE (net income / shareholders' equity)	-	9.45%	10.7%	15.4%	20.1%	21.6%	20.6%
ROA (Net income/ Total Assets)	-	-	6.14%	8.28%	10.6%	12.4%	12.6%
Assets ¹	-	-	9,931	12,449	16,381	18,712	21,571
Book Value Per Share ²	-	8.560	9.880	11.70	14.40	17.80	21.40
Cash Flow per Share ²	-	1.160	1.590	1.800	3.800	4.510	6.650
Capex ¹	-	530	1,595	1,647	1,378	1,292	1,449
Capex / Sales	-	11.78%	29.78%	22.26%	13.75%	10.47%	10.34%
Announcement Date	4/29/21	4/19/22	4/24/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

49.56 CNY

Average target price

61.5 CNY

Spread / Average Target

+24.10%

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