Financials Zhaojin Mining Industry Company Limited

Equities

1818

CNE1000004R6

Gold

Market Closed - Hong Kong S.E. 04:08:13 2024-07-03 am EDT 5-day change 1st Jan Change
13.64 HKD +3.65% Intraday chart for Zhaojin Mining Industry Company Limited +3.33% +40.47%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,782 25,406 17,747 25,071 28,863 41,666 - -
Enterprise Value (EV) 1 39,768 39,983 30,398 40,265 40,545 57,381 57,591 57,415
P/E ratio 51.3 x 24.3 x 543 x 110 x 63 x 38.8 x 22.8 x 15.7 x
Yield 0.52% 0.64% - 0.52% 0.45% 0.74% 1.06% 1.27%
Capitalization / Revenue 3.92 x 3.32 x 2.59 x 3.18 x 3.43 x 4.19 x 3.53 x 2.93 x
EV / Revenue 6.28 x 5.23 x 4.43 x 5.11 x 4.81 x 5.77 x 4.88 x 4.04 x
EV / EBITDA 17 x 12.9 x 14.8 x 17.8 x 14.9 x 17.4 x 12.1 x 9.1 x
EV / FCF 106 x 18.1 x - -52.4 x - -123 x -141 x 48 x
FCF Yield 0.94% 5.53% - -1.91% - -0.81% -0.71% 2.08%
Price to Book 1.78 x 1.87 x 1.09 x 1.51 x 1.54 x 1.99 x 1.86 x 1.69 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 12.25 12.25 12.25
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 9,947 11,796 14,216
EBITDA 1 2,334 3,098 2,055 2,261 2,729 3,302 4,762 6,309
EBIT 1 1,306 2,014 1,165 1,275 1,733 2,266 3,731 4,805
Operating Margin 20.63% 26.34% 16.98% 16.17% 20.58% 22.78% 31.63% 33.8%
Earnings before Tax (EBT) 1 595.7 1,337 281.7 739.2 1,127 1,762 2,983 4,380
Net income 1 479.3 1,052 33.7 402 686.4 1,083 1,833 2,594
Net margin 7.57% 13.76% 0.49% 5.1% 8.15% 10.89% 15.54% 18.25%
EPS 2 0.1500 0.3200 0.0100 0.0700 0.1400 0.3160 0.5371 0.7802
Free Cash Flow 1 375.6 2,209 - -768.1 - -467 -408 1,195
FCF margin 5.93% 28.88% - -9.74% - -4.69% -3.46% 8.41%
FCF Conversion (EBITDA) 16.1% 71.32% - - - - - 18.94%
FCF Conversion (Net income) 78.37% 209.96% - - - - - 46.07%
Dividend per Share 2 0.0400 0.0500 - 0.0400 0.0400 0.0910 0.1301 0.1555
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 - - 4,406 - - 6,746 6,208 6,607
EBITDA - 1,382 - - - - - - - - - - - - - - - - - - - - - - - -
EBIT - 874.6 - 502.1 - 575.5 - - 596 - - 678.9 - - 759.9 - - 973.3 - - 1,482 - - 2,859 2,236 2,457
Operating Margin - 27.93% - 14.4% - 17.06% - - 16.86% - - 15.61% - - 22.05% - - 19.56% - - 33.64% - - 42.38% 36.03% 37.19%
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 0.1000 0.2000 0.1200 0.0300 0.4400 0.2900 0.3300
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 15,716 15,925 15,750
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.422 x 4.706 x 6.155 x 6.719 x 4.28 x 4.759 x 3.345 x 2.497 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% 7.54% 10.6% 12.9%
ROA (Net income/ Total Assets) 1.26% 2.63% 1.32% 0.9% 1.47% 4.22% 4.53% 5.33%
Assets 1 38,070 39,971 2,553 44,661 46,576 25,675 40,488 48,713
Book Value Per Share 2 4.330 4.140 4.980 5.080 5.740 6.140 6.570 7.250
Cash Flow per Share 2 0.5500 1.110 0.8500 0.2100 0.5600 0.9500 0.9800 1.580
Capex 1 1,404 1,425 2,148 1,461 1,549 2,264 2,470 2,485
Capex / Sales 22.18% 18.63% 31.31% 18.53% 18.39% 22.76% 20.94% 17.48%
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
9
Last Close Price
12.25 CNY
Average target price
13.78 CNY
Spread / Average Target
+12.50%
Consensus
  1. Stock Market
  2. Equities
  3. 1818 Stock
  4. Financials Zhaojin Mining Industry Company Limited