Be Wary Of Tianshan Aluminum GroupLtd (SZSE:002532) And Its Returns On Capital
May 29
Chinese (SSE) Metals and Mining Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies199
- 7D0.5%
- 3M9.4%
- 1Y-1.6%
- YTD4.8%
The Metals and Mining is pretty flat in the last 7 days, but Tibet Huayu Mining has stood out, gaining 32%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 25% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | CN¥2.8t | CN¥4.1t | CN¥111.8b | 28.4x | 25x | 0.7x |
| Wed, 01 May 2024 | CN¥2.8t | CN¥4.1t | CN¥115.2b | 29x | 24.2x | 0.7x |
| Fri, 29 Mar 2024 | CN¥2.6t | CN¥4.1t | CN¥121.1b | 28.2x | 21.8x | 0.6x |
| Sun, 25 Feb 2024 | CN¥2.5t | CN¥4.1t | CN¥116.7b | 25.8x | 21.2x | 0.6x |
| Tue, 23 Jan 2024 | CN¥2.3t | CN¥4.1t | CN¥114.7b | 26.2x | 20x | 0.6x |
| Thu, 21 Dec 2023 | CN¥2.5t | CN¥4.1t | CN¥111.9b | 30x | 22.4x | 0.6x |
| Sat, 18 Nov 2023 | CN¥2.7t | CN¥4.1t | CN¥111.3b | 31.3x | 24x | 0.7x |
| Mon, 16 Oct 2023 | CN¥2.7t | CN¥4.1t | CN¥100.6b | 31x | 26.8x | 0.7x |
| Wed, 13 Sep 2023 | CN¥2.8t | CN¥4.1t | CN¥101.1b | 31.6x | 27.4x | 0.7x |
| Fri, 11 Aug 2023 | CN¥2.8t | CN¥4.1t | CN¥118.4b | 30.9x | 24x | 0.7x |
| Sun, 09 Jul 2023 | CN¥2.8t | CN¥4.1t | CN¥118.4b | 31x | 23.4x | 0.7x |
| Tue, 06 Jun 2023 | CN¥2.8t | CN¥4.1t | CN¥118.1b | 29.9x | 23.4x | 0.7x |
| Thu, 04 May 2023 | CN¥2.9t | CN¥4.2t | CN¥125.3b | 30x | 23.1x | 0.7x |
| Sat, 01 Apr 2023 | CN¥2.9t | CN¥4.2t | CN¥139.2b | 31.6x | 21.2x | 0.7x |
| Mon, 27 Feb 2023 | CN¥3.1t | CN¥4.2t | CN¥134.5b | 33x | 23.1x | 0.7x |
| Wed, 25 Jan 2023 | CN¥3.2t | CN¥4.2t | CN¥152.0b | 31.1x | 20.9x | 0.8x |
| Fri, 23 Dec 2022 | CN¥2.9t | CN¥4.2t | CN¥151.8b | 29.3x | 19.1x | 0.7x |
| Sun, 20 Nov 2022 | CN¥3.1t | CN¥4.2t | CN¥151.8b | 29.9x | 20.2x | 0.7x |
| Tue, 18 Oct 2022 | CN¥3.0t | CN¥4.3t | CN¥180.8b | 28.7x | 16.8x | 0.7x |
| Thu, 15 Sep 2022 | CN¥3.3t | CN¥4.3t | CN¥181.3b | 30.3x | 18.2x | 0.8x |
| Sat, 13 Aug 2022 | CN¥3.4t | CN¥4.2t | CN¥199.4b | 31.3x | 17.1x | 0.8x |
| Mon, 11 Jul 2022 | CN¥3.4t | CN¥4.2t | CN¥196.8b | 29.8x | 17.3x | 0.8x |
| Wed, 08 Jun 2022 | CN¥3.2t | CN¥4.2t | CN¥197.1b | 28.1x | 16.3x | 0.8x |
| Fri, 06 May 2022 | CN¥2.9t | CN¥4.2t | CN¥196.9b | 23.9x | 14.8x | 0.7x |
| Sun, 03 Apr 2022 | CN¥3.3t | CN¥3.9t | CN¥197.7b | 27.2x | 16.7x | 0.8x |
| Tue, 01 Mar 2022 | CN¥3.6t | CN¥3.8t | CN¥195.0b | 31x | 18.7x | 1x |
| Thu, 27 Jan 2022 | CN¥3.3t | CN¥3.8t | CN¥194.9b | 27.5x | 17x | 0.9x |
| Sat, 25 Dec 2021 | CN¥3.4t | CN¥3.8t | CN¥194.8b | 29.9x | 17.6x | 0.9x |
| Mon, 22 Nov 2021 | CN¥3.4t | CN¥3.8t | CN¥190.4b | 31.4x | 17.9x | 0.9x |
| Wed, 20 Oct 2021 | CN¥3.4t | CN¥3.5t | CN¥167.3b | 30.5x | 20.6x | 1x |
| Fri, 17 Sep 2021 | CN¥4.0t | CN¥3.5t | CN¥167.0b | 33.4x | 23.9x | 1.1x |
| Sun, 15 Aug 2021 | CN¥3.6t | CN¥3.5t | CN¥166.6b | 30.4x | 21.3x | 1x |
| Thu, 10 Jun 2021 | CN¥2.9t | CN¥3.2t | CN¥123.7b | 28.7x | 23.1x | 0.9x |
Price to Earnings Ratio
23.1x
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 25.0x which is higher than its 3-year average PE of 20.6x.
- The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 3.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.0% per year.
- This means that although more sales are being generated, 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 | -0.39% | |
| Materials | -0.64% | |
| Metals and Mining | 0.52% | |
| Precious Metals and Minerals | 1.50% | |
| Aluminum | 1.37% | |
| Diversified Metals and Mining | 1.37% | |
| Silver | 0% | |
| Steel | -0.10% | |
| Gold | -0.47% | |
| Copper | -0.91% | |
Industry PE
- Investors are most optimistic about the Precious Metals and Minerals industry which is trading above its 3-year average PE ratio of 32.0x.
- Analysts are expecting annual earnings growth of 25.1%, which is higher than its past year's earnings decline of 7.1% per year.
- Investors are most pessimistic about the Aluminum industry, which is trading close to its 3-year average of 18.3x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 5.0% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 2532 Tianshan Aluminum GroupLtd | CN¥8.58 | 7.4% +CN¥2.7b | 29.6% | PE16.4x | |
| 601020 Tibet Huayu Mining | CN¥16.97 | 20.2% +CN¥2.2b | 72.9% | PE138.3x | |
| 600985 Huaibei Mining HoldingsLtd | CN¥19.72 | 3.6% +CN¥1.8b | 50.2% | PE9.3x | |
| 601958 Jinduicheng Molybdenum | CN¥11.65 | 4.6% +CN¥1.6b | 4.8% | PE13x | |
| 600219 Shandong Nanshan AluminiumLtd | CN¥3.85 | 3.8% +CN¥1.6b | 24.2% | PE11.8x |
