The Returns On Capital At GuoCheng MiningLTD (SZSE:000688) Don't Inspire Confidence
Dec 31
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Chinese (SSE) Metals and Mining Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies198
- 7D-1.0%
- 3M-3.1%
- 1Y3.5%
- YTD1.9%
Over the last 7 days, the Metals and Mining industry has remained flat, although notably Guangdong HEC Technology Holding gained 27%. As for the the longer term, the industry is up 3.5% over the past 12 months. Earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Chinese Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | CN¥2.7t | CN¥4.0t | CN¥97.8b | 27.3x | 27.2x | 0.7x |
| Thu, 28 Nov 2024 | CN¥2.7t | CN¥4.0t | CN¥97.6b | 27.1x | 27.5x | 0.7x |
| Sat, 26 Oct 2024 | CN¥2.8t | CN¥4.1t | CN¥115.7b | 27.7x | 24.2x | 0.7x |
| Mon, 23 Sep 2024 | CN¥2.3t | CN¥4.1t | CN¥114.4b | 21.8x | 19.9x | 0.6x |
| Wed, 21 Aug 2024 | CN¥2.3t | CN¥4.1t | CN¥114.0b | 23.9x | 20.6x | 0.6x |
| Fri, 19 Jul 2024 | CN¥2.6t | CN¥4.1t | CN¥112.3b | 25.6x | 22.8x | 0.6x |
| Sun, 16 Jun 2024 | CN¥2.6t | CN¥4.1t | CN¥111.8b | 26.6x | 23.6x | 0.6x |
| Tue, 14 May 2024 | CN¥2.9t | CN¥4.1t | CN¥113.9b | 29.3x | 25.1x | 0.7x |
| Thu, 11 Apr 2024 | CN¥2.9t | CN¥4.1t | CN¥121.0b | 29.1x | 23.7x | 0.7x |
| Sat, 09 Mar 2024 | CN¥2.6t | CN¥4.1t | CN¥117.1b | 28.3x | 22.3x | 0.6x |
| Mon, 05 Feb 2024 | CN¥2.2t | CN¥4.1t | CN¥116.0b | 23.3x | 19.2x | 0.5x |
| Wed, 03 Jan 2024 | CN¥2.6t | CN¥4.1t | CN¥111.9b | 31.1x | 23.4x | 0.6x |
| Fri, 01 Dec 2023 | CN¥2.6t | CN¥4.1t | CN¥111.8b | 31.4x | 23.5x | 0.6x |
| Sun, 29 Oct 2023 | CN¥2.7t | CN¥4.1t | CN¥104.2b | 29.8x | 25.5x | 0.7x |
| Tue, 26 Sep 2023 | CN¥2.7t | CN¥4.1t | CN¥101.3b | 31.1x | 27.1x | 0.7x |
| Thu, 24 Aug 2023 | CN¥2.7t | CN¥4.1t | CN¥111.8b | 28.3x | 23.9x | 0.6x |
| Sat, 22 Jul 2023 | CN¥2.8t | CN¥4.1t | CN¥118.2b | 30.5x | 23.4x | 0.7x |
| Mon, 19 Jun 2023 | CN¥2.7t | CN¥4.1t | CN¥118.2b | 30x | 23.3x | 0.7x |
| Wed, 17 May 2023 | CN¥2.8t | CN¥4.2t | CN¥120.7b | 29.4x | 23.5x | 0.7x |
| Fri, 14 Apr 2023 | CN¥3.0t | CN¥4.2t | CN¥140.8b | 30.7x | 21.4x | 0.7x |
| Sun, 12 Mar 2023 | CN¥3.0t | CN¥4.2t | CN¥134.5b | 30.8x | 22.2x | 0.7x |
| Tue, 07 Feb 2023 | CN¥3.1t | CN¥4.2t | CN¥134.5b | 32.2x | 22.9x | 0.7x |
| Thu, 05 Jan 2023 | CN¥2.9t | CN¥4.2t | CN¥151.8b | 30.3x | 19.4x | 0.7x |
| Sat, 03 Dec 2022 | CN¥3.1t | CN¥4.2t | CN¥151.8b | 31.2x | 20.4x | 0.7x |
| Mon, 31 Oct 2022 | CN¥2.9t | CN¥4.2t | CN¥147.9b | 27.9x | 19.5x | 0.7x |
| Wed, 28 Sep 2022 | CN¥3.1t | CN¥4.3t | CN¥180.8b | 28.2x | 17x | 0.7x |
| Fri, 26 Aug 2022 | CN¥3.3t | CN¥4.2t | CN¥193.6b | 29.1x | 17.1x | 0.8x |
| Sun, 24 Jul 2022 | CN¥3.4t | CN¥4.2t | CN¥197.7b | 31.4x | 17x | 0.8x |
| Tue, 21 Jun 2022 | CN¥3.4t | CN¥4.2t | CN¥197.0b | 27.5x | 17x | 0.8x |
| Thu, 19 May 2022 | CN¥3.0t | CN¥4.2t | CN¥196.5b | 25.4x | 15.2x | 0.7x |
| Sat, 16 Apr 2022 | CN¥3.2t | CN¥4.0t | CN¥198.3b | 25.2x | 16.4x | 0.8x |
| Mon, 14 Mar 2022 | CN¥3.3t | CN¥3.8t | CN¥194.4b | 27.8x | 17.2x | 0.9x |
| Wed, 09 Feb 2022 | CN¥3.4t | CN¥3.8t | CN¥195.3b | 28.3x | 17.2x | 0.9x |
| Fri, 07 Jan 2022 | CN¥3.4t | CN¥3.8t | CN¥194.8b | n/a | 17.5x | 0.9x |
Price to Earnings Ratio
17.5x
Current Industry PE
- Investors are optimistic on the Chinese Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.3x which is higher than its 3-year average PE of 21.4x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 21% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Materials industry?
| CN Market | -0.61% | |
| Materials | -1.32% | |
| Metals and Mining | -0.97% | |
| Gold | 0.11% | |
| Silver | 0% | |
| Copper | -0.30% | |
| Aluminum | -0.57% | |
| Steel | -1.13% | |
| Diversified Metals and Mining | -1.29% | |
| Precious Metals and Minerals | -2.96% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 20.8%, which is higher than its past year's earnings decline of 13.9% per year.
- Investors are most pessimistic about the Aluminum industry, which is trading close to its 3-year average of 18.0x.
Forecasted Growth
- Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 29% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Steel industry is expected to see its earnings grow by 21% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600673 Guangdong HEC Technology Holding | CN¥11.77 | 27.0% +CN¥7.4b | 60.6% | PE145.4x | |
| 601137 Ningbo Boway Alloy Material | CN¥22.55 | 22.5% +CN¥3.2b | 45.2% | PE12.3x | |
| 600126 Hang Zhou Iron & SteelLtd | CN¥5.12 | 18.5% +CN¥2.7b | -3.9% | PS0.3x | |
| 000933 Henan Shenhuo Coal Industry and Electricity Power | CN¥17.01 | 4.9% +CN¥1.8b | 1.3% | PE7.2x | |
| 600295 Inner Mongolia ERDOS ResourcesLtd | CN¥10.00 | 5.8% +CN¥1.5b | 3.1% | PE13.3x |
