Zijin Mining Group (HKG:2899) Is Experiencing Growth In Returns On Capital
Jun 07
Hong Kong (HSI) Gold Industry Analysis
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies7
- 7D-6.2%
- 3M6.6%
- 1Y32.9%
- YTDn/a
Over the last 7 days, the Gold industry has dropped 6.2%, driven by a pullback from Zijin Mining Group of 5.5%. In the past year, the industry has gained 33%. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Hong Kong Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | HK$526.0b | HK$338.8b | HK$25.0b | 18.6x | 21x | 1.6x |
| Mon, 13 May 2024 | HK$565.1b | HK$340.2b | HK$25.1b | 23.3x | 22.5x | 1.7x |
| Wed, 10 Apr 2024 | HK$528.4b | HK$340.6b | HK$24.1b | 25.3x | 21.9x | 1.6x |
| Fri, 08 Mar 2024 | HK$446.9b | HK$341.4b | HK$22.1b | 31x | 20.2x | 1.3x |
| Sun, 04 Feb 2024 | HK$368.5b | HK$342.9b | HK$19.1b | 25.6x | 19.3x | 1.1x |
| Tue, 02 Jan 2024 | HK$393.5b | HK$347.8b | HK$19.4b | 30.2x | 20.3x | 1.1x |
| Thu, 30 Nov 2023 | HK$381.5b | HK$344.8b | HK$19.2b | 41.8x | 19.9x | 1.1x |
| Sat, 28 Oct 2023 | HK$372.1b | HK$332.8b | HK$16.6b | 27.3x | 22.4x | 1.1x |
| Mon, 25 Sep 2023 | HK$401.2b | HK$333.7b | HK$16.7b | 22.2x | 24.1x | 1.2x |
| Wed, 23 Aug 2023 | HK$383.1b | HK$323.8b | HK$18.6b | 23.7x | 20.7x | 1.2x |
| Fri, 21 Jul 2023 | HK$396.4b | HK$328.5b | HK$18.9b | 15.9x | 20.9x | 1.2x |
| Sun, 18 Jun 2023 | HK$382.9b | HK$331.5b | HK$19.1b | 15.2x | 20x | 1.2x |
| Tue, 16 May 2023 | HK$366.9b | HK$339.6b | HK$19.7b | 19.6x | 18.6x | 1.1x |
| Thu, 13 Apr 2023 | HK$447.4b | HK$331.9b | HK$20.7b | 16.3x | 21.6x | 1.3x |
| Sat, 11 Mar 2023 | HK$364.5b | HK$312.5b | HK$21.3b | 13.2x | 17.1x | 1.2x |
| Mon, 06 Feb 2023 | HK$391.5b | HK$320.4b | HK$21.9b | 14.1x | 17.9x | 1.2x |
| Wed, 04 Jan 2023 | HK$343.4b | HK$312.7b | HK$21.3b | 12.6x | 16.1x | 1.1x |
| Fri, 02 Dec 2022 | HK$327.7b | HK$304.9b | HK$20.7b | 12.2x | 15.9x | 1.1x |
| Sun, 30 Oct 2022 | HK$251.2b | HK$299.5b | HK$20.2b | 9.3x | 12.4x | 0.8x |
| Tue, 27 Sep 2022 | HK$243.2b | HK$290.4b | HK$21.2b | 10.1x | 11.5x | 0.8x |
| Thu, 25 Aug 2022 | HK$287.8b | HK$302.8b | HK$22.2b | 10.1x | 12.9x | 1x |
| Sat, 23 Jul 2022 | HK$283.2b | HK$298.2b | HK$19.5b | 12.1x | 14.5x | 1x |
| Mon, 20 Jun 2022 | HK$326.2b | HK$300.5b | HK$19.2b | 14.4x | 17x | 1.1x |
| Wed, 18 May 2022 | HK$323.4b | HK$297.5b | HK$18.9b | 18.3x | 17.1x | 1.1x |
| Fri, 15 Apr 2022 | HK$423.3b | HK$316.0b | HK$20.3b | 19.1x | 20.9x | 1.3x |
| Sun, 13 Mar 2022 | HK$375.7b | HK$275.8b | HK$16.3b | 19.5x | 23.1x | 1.4x |
| Tue, 08 Feb 2022 | HK$342.8b | HK$273.6b | HK$16.2b | 14.3x | 21.2x | 1.3x |
| Thu, 06 Jan 2022 | HK$322.3b | HK$273.3b | HK$16.1b | 14.1x | 20x | 1.2x |
| Sat, 04 Dec 2021 | HK$339.9b | HK$273.1b | HK$16.1b | 15x | 21.1x | 1.2x |
| Mon, 01 Nov 2021 | HK$345.3b | HK$272.9b | HK$13.1b | 13.7x | 26.4x | 1.3x |
| Wed, 29 Sep 2021 | HK$331.6b | HK$257.6b | HK$10.5b | 16x | 31.6x | 1.3x |
| Fri, 27 Aug 2021 | HK$342.1b | HK$256.9b | HK$10.4b | 18.2x | 33x | 1.3x |
| Sat, 03 Jul 2021 | HK$327.3b | HK$256.9b | HK$10.4b | 15.2x | 31.6x | 1.3x |
Price to Earnings Ratio
31.6x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Gold industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 20.6x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 34% per year over the last three years.
- Revenues for these companies have grown 9.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Gold compare with similar industries?
| HK Market | -1.82% | |
| Materials | -4.56% | |
| Metals and Mining | -5.25% | |
| Gold | -6.23% | |
| Precious Metals and Minerals | 0% | |
| Steel | -1.77% | |
| Diversified Metals and Mining | -3.99% | |
| Aluminum | -4.90% | |
| Copper | -6.83% | |
| Silver | -10.45% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8299 Grand T G Gold Holdings | HK$0.17 | 3.6% +HK$37.8m | 44.5% | PE45.9x |