We Think Nanjing Iron & Steel (SHSE:600282) Is Taking Some Risk With Its Debt
Dec 20
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Chinese (SSE) Steel Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies84
- 7D-2.8%
- 3M27.5%
- 1Y0.2%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 4.1%, driven by a pullback from Inner Mongolia Baotou Steel Union of 3.0%. On the other hand Qingdao Yunlu Advanced Materials Technology is actually up 8.9%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Chinese Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | CN¥1.0t | CN¥2.1t | CN¥22.1b | 26.6x | 47.3x | 0.5x |
| Tue, 19 Nov 2024 | CN¥1.0t | CN¥2.1t | CN¥22.1b | 24.2x | 47x | 0.5x |
| Thu, 17 Oct 2024 | CN¥983.7b | CN¥2.2t | CN¥36.8b | 22.4x | 26.7x | 0.5x |
| Sat, 14 Sep 2024 | CN¥807.0b | CN¥2.2t | CN¥36.8b | 18.4x | 21.9x | 0.4x |
| Mon, 12 Aug 2024 | CN¥884.0b | CN¥2.2t | CN¥40.7b | 20.6x | 21.7x | 0.4x |
| Wed, 10 Jul 2024 | CN¥924.7b | CN¥2.2t | CN¥40.5b | 21.1x | 22.8x | 0.4x |
| Fri, 07 Jun 2024 | CN¥982.4b | CN¥2.2t | CN¥40.5b | 22x | 24.3x | 0.4x |
| Sun, 05 May 2024 | CN¥1.1t | CN¥2.2t | CN¥42.8b | 23.6x | 24.6x | 0.5x |
| Tue, 02 Apr 2024 | CN¥1.0t | CN¥2.2t | CN¥47.8b | 26.5x | 21.6x | 0.5x |
| Thu, 29 Feb 2024 | CN¥994.0b | CN¥2.2t | CN¥46.1b | 25.3x | 21.5x | 0.4x |
| Sat, 27 Jan 2024 | CN¥993.9b | CN¥2.2t | CN¥45.0b | 27.7x | 22.1x | 0.4x |
| Mon, 25 Dec 2023 | CN¥1.0t | CN¥2.2t | CN¥44.8b | 30.3x | 22.9x | 0.5x |
| Wed, 22 Nov 2023 | CN¥1.1t | CN¥2.2t | CN¥44.4b | 33.1x | 24.3x | 0.5x |
| Fri, 20 Oct 2023 | CN¥1.0t | CN¥2.2t | CN¥34.3b | 27.4x | 30.1x | 0.5x |
| Sun, 17 Sep 2023 | CN¥1.1t | CN¥2.2t | CN¥34.4b | 30.7x | 32.2x | 0.5x |
| Tue, 15 Aug 2023 | CN¥1.1t | CN¥2.3t | CN¥43.9b | 28.6x | 25.4x | 0.5x |
| Thu, 13 Jul 2023 | CN¥1.1t | CN¥2.3t | CN¥44.3b | 29x | 24.7x | 0.5x |
| Sat, 10 Jun 2023 | CN¥1.1t | CN¥2.3t | CN¥44.2b | 28.3x | 24.4x | 0.5x |
| Mon, 08 May 2023 | CN¥1.1t | CN¥2.3t | CN¥45.4b | 25.7x | 25.1x | 0.5x |
| Wed, 05 Apr 2023 | CN¥1.2t | CN¥2.4t | CN¥57.5b | 27.7x | 20.8x | 0.5x |
| Fri, 03 Mar 2023 | CN¥1.3t | CN¥2.4t | CN¥54.9b | 31.5x | 23.3x | 0.5x |
| Sun, 29 Jan 2023 | CN¥1.2t | CN¥2.4t | CN¥54.8b | 31.1x | 22.2x | 0.5x |
| Tue, 27 Dec 2022 | CN¥1.1t | CN¥2.4t | CN¥54.8b | 28.5x | 20.8x | 0.5x |
| Thu, 24 Nov 2022 | CN¥1.2t | CN¥2.4t | CN¥54.9b | 29.4x | 22.1x | 0.5x |
| Sat, 22 Oct 2022 | CN¥1.2t | CN¥2.5t | CN¥87.1b | 26x | 13.6x | 0.5x |
| Mon, 19 Sep 2022 | CN¥1.2t | CN¥2.5t | CN¥86.9b | 24.2x | 14.2x | 0.5x |
| Wed, 17 Aug 2022 | CN¥1.3t | CN¥2.5t | CN¥115.3b | 26.2x | 11.5x | 0.5x |
| Fri, 15 Jul 2022 | CN¥1.3t | CN¥2.5t | CN¥113.5b | 24.7x | 11.5x | 0.5x |
| Sun, 12 Jun 2022 | CN¥1.3t | CN¥2.5t | CN¥113.7b | 25x | 11.5x | 0.5x |
| Tue, 10 May 2022 | CN¥1.2t | CN¥2.5t | CN¥113.3b | 20.8x | 10.3x | 0.5x |
| Thu, 07 Apr 2022 | CN¥1.4t | CN¥2.4t | CN¥130.5b | 20.3x | 10.5x | 0.6x |
| Sat, 05 Mar 2022 | CN¥1.4t | CN¥2.3t | CN¥131.8b | 21.4x | 10.7x | 0.6x |
| Mon, 31 Jan 2022 | CN¥1.3t | CN¥2.3t | CN¥131.4b | 19.9x | 10x | 0.6x |
| Wed, 29 Dec 2021 | CN¥1.4t | CN¥2.3t | CN¥131.5b | 21.4x | 10.6x | 0.6x |
Price to Earnings Ratio
10.6x
Current Industry PE
- Investors are optimistic on the Chinese Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 47.7x 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 0.49x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 45% per year over the last three years,
- Revenues have also declined 3.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Chinese Steel compare with similar industries?
| CN Market | -1.18% | |
| Materials | -2.66% | |
| Metals and Mining | -2.91% | |
| Steel | -2.81% | |
| Silver | 0% | |
| Copper | -0.57% | |
| Precious Metals and Minerals | -1.19% | |
| Aluminum | -2.14% | |
| Diversified Metals and Mining | -3.39% | |
| Gold | -4.29% | |
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 | |
|---|---|---|---|---|---|
| 688190 Qingdao Yunlu Advanced Materials Technology | CN¥86.45 | 8.9% +CN¥843.6m | 28.9% | PE29.1x | |
| 600126 Hang Zhou Iron & SteelLtd | CN¥4.55 | 4.6% +CN¥675.4m | -12.0% | PS0.2x | |
| 600019 Baoshan Iron & Steel | CN¥6.78 | 0.4% +CN¥649.0m | 11.7% | PE15.7x | |
| 600456 Baoji Titanium Industry | CN¥30.17 | 4.3% +CN¥592.4m | 2.3% | PE28.2x | |
| 600282 Nanjing Iron & Steel | CN¥4.58 | 1.8% +CN¥493.2m | 23.8% | PE12.8x |
