Returns On Capital At Ningbo Jintian Copper (Group) (SHSE:601609) Paint A Concerning Picture
Apr 17
Chinese (SSE) Copper Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies10
- 7D-0.4%
- 3M34.8%
- 1Y9.3%
- YTDn/a
Last week, the Copper industry hasn't moved much but North Copper is up 5.1% in that time. As for the the longer term, the industry is up 9.3% over the past 12 months. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Chinese Copper Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | CN¥157.0b | CN¥504.4b | CN¥6.0b | 28.4x | 26.1x | 0.3x |
| Wed, 20 Mar 2024 | CN¥142.6b | CN¥504.6b | CN¥6.3b | 21.7x | 22.6x | 0.3x |
| Fri, 16 Feb 2024 | CN¥123.2b | CN¥504.6b | CN¥6.3b | 18.6x | 19.5x | 0.2x |
| Sun, 14 Jan 2024 | CN¥132.8b | CN¥504.6b | CN¥6.3b | 21x | 21.1x | 0.3x |
| Tue, 12 Dec 2023 | CN¥131.3b | CN¥504.6b | CN¥6.3b | 20.9x | 20.8x | 0.3x |
| Thu, 09 Nov 2023 | CN¥140.5b | CN¥511.2b | CN¥6.5b | 24.2x | 21.6x | 0.3x |
| Sat, 07 Oct 2023 | CN¥147.9b | CN¥490.4b | CN¥6.9b | 33.7x | 21.3x | 0.3x |
| Mon, 04 Sep 2023 | CN¥144.2b | CN¥490.4b | CN¥6.9b | 35.7x | 20.8x | 0.3x |
| Wed, 02 Aug 2023 | CN¥136.7b | CN¥473.8b | CN¥6.5b | 26.4x | 21x | 0.3x |
| Fri, 30 Jun 2023 | CN¥124.7b | CN¥473.8b | CN¥6.5b | 24.7x | 19.2x | 0.3x |
| Sun, 28 May 2023 | CN¥125.3b | CN¥473.8b | CN¥6.5b | 25.5x | 19.3x | 0.3x |
| Tue, 25 Apr 2023 | CN¥134.6b | CN¥457.7b | CN¥6.9b | 19.9x | 19.4x | 0.3x |
| Thu, 23 Mar 2023 | CN¥120.5b | CN¥441.8b | CN¥6.0b | 28.8x | 20x | 0.3x |
| Sat, 18 Feb 2023 | CN¥122.4b | CN¥441.9b | CN¥6.0b | 28.5x | 20.3x | 0.3x |
| Mon, 16 Jan 2023 | CN¥119.1b | CN¥441.9b | CN¥6.0b | 27.4x | 19.8x | 0.3x |
| Wed, 14 Dec 2022 | CN¥121.0b | CN¥441.9b | CN¥6.0b | 28.6x | 20.1x | 0.3x |
| Fri, 11 Nov 2022 | CN¥116.2b | CN¥441.9b | CN¥6.0b | 27.7x | 19.3x | 0.3x |
| Sun, 09 Oct 2022 | CN¥105.9b | CN¥440.5b | CN¥6.6b | 22.9x | 16x | 0.2x |
| Tue, 06 Sep 2022 | CN¥115.1b | CN¥440.5b | CN¥6.6b | 24.8x | 17.3x | 0.3x |
| Thu, 04 Aug 2022 | CN¥118.2b | CN¥432.0b | CN¥6.8b | 32x | 17.3x | 0.3x |
| Sat, 02 Jul 2022 | CN¥119.9b | CN¥432.0b | CN¥6.8b | 32x | 17.6x | 0.3x |
| Mon, 30 May 2022 | CN¥113.6b | CN¥432.0b | CN¥6.8b | 29.1x | 16.6x | 0.3x |
| Wed, 27 Apr 2022 | CN¥103.4b | CN¥431.5b | CN¥6.6b | 24.2x | 15.6x | 0.2x |
| Fri, 25 Mar 2022 | CN¥127.6b | CN¥403.9b | CN¥5.8b | 25.7x | 22.1x | 0.3x |
| Sun, 20 Feb 2022 | CN¥133.9b | CN¥402.8b | CN¥5.7b | 24.6x | 23.5x | 0.3x |
| Tue, 18 Jan 2022 | CN¥116.6b | CN¥399.0b | CN¥5.4b | 22.8x | 21.6x | 0.3x |
| Thu, 16 Dec 2021 | CN¥113.0b | CN¥399.0b | CN¥5.4b | 23.4x | 20.9x | 0.3x |
| Sat, 13 Nov 2021 | CN¥110.6b | CN¥399.0b | CN¥5.4b | 22.6x | 20.5x | 0.3x |
| Mon, 11 Oct 2021 | CN¥116.2b | CN¥371.8b | CN¥4.4b | 22.4x | 26.3x | 0.3x |
| Wed, 08 Sep 2021 | CN¥134.7b | CN¥371.8b | CN¥4.4b | 25.6x | 30.5x | 0.4x |
| Fri, 06 Aug 2021 | CN¥115.0b | CN¥371.8b | CN¥4.4b | 24.3x | 26.1x | 0.3x |
| Mon, 10 May 2021 | CN¥103.4b | CN¥333.0b | CN¥3.7b | 25.2x | 28x | 0.3x |
Price to Earnings Ratio
28x
Current Industry PE
- Investors are optimistic on the Chinese Copper industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.1x which is higher than its 3-year average PE of 21.1x.
- The industry is trading close to its 3-year average PS ratio of 0.28x.
Past Earnings Growth
- The earnings for companies in the Copper industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 15% 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 Chinese Copper compare with similar industries?
| CN Market | -0.40% | |
| Materials | -1.25% | |
| Metals and Mining | -1.35% | |
| Copper | -0.35% | |
| Steel | 2.11% | |
| Silver | 0% | |
| Aluminum | -3.03% | |
| Diversified Metals and Mining | -3.09% | |
| Gold | -5.74% | |
| Precious Metals and Minerals | -10.17% | |
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 | |
|---|---|---|---|---|---|
| 737 North Copper | CN¥10.63 | 13.9% +CN¥2.3b | 76.6% | PE33.1x | |
| 600490 Pengxin International MiningLtd | CN¥3.51 | 3.2% +CN¥243.4m | -12.0% | PS1.2x |
