Here's What's Concerning About Chengtun Mining Group's (SHSE:600711) Returns On Capital
Jul 16
Chinese (SSE) Metals and Mining Industry Analysis
UpdatedJul 17, 2024
DataAggregated Company Financials
Companies200
- 7D0.8%
- 3M-9.0%
- 1Y-8.5%
- YTD-2.7%
The Metals and Mining industry is up 2.0% in the last week, with Shandong Gold Mining up 4.7%. During this same period, the Henan Shenhuo Coal Industry and Electricity Power underperformed, falling 7.8%. In contrast, the industry has lost 8.4% in the last 12 months. Earnings are forecast to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Wed, 17 Jul 2024 | CN¥2.6t | CN¥4.1t | CN¥112.3b | 26.3x | 23.2x | 0.6x |
| Fri, 14 Jun 2024 | CN¥2.6t | CN¥4.1t | CN¥111.8b | 26.6x | 23.5x | 0.6x |
| Sun, 12 May 2024 | CN¥2.9t | CN¥4.1t | CN¥113.9b | 29.7x | 25.4x | 0.7x |
| Tue, 09 Apr 2024 | CN¥2.9t | CN¥4.1t | CN¥120.7b | 29.4x | 23.8x | 0.7x |
| Thu, 07 Mar 2024 | CN¥2.5t | CN¥4.1t | CN¥117.1b | 28.1x | 21.7x | 0.6x |
| Sat, 03 Feb 2024 | CN¥2.2t | CN¥3.8t | CN¥104.0b | 24x | 21.4x | 0.6x |
| Mon, 01 Jan 2024 | CN¥2.6t | CN¥4.1t | CN¥111.9b | 30.9x | 23.3x | 0.6x |
| Wed, 29 Nov 2023 | CN¥2.6t | CN¥4.1t | CN¥111.5b | 31.2x | 23.7x | 0.6x |
| Fri, 27 Oct 2023 | CN¥2.6t | CN¥4.1t | CN¥101.0b | 29.7x | 26x | 0.6x |
| Sun, 24 Sep 2023 | CN¥2.8t | CN¥4.1t | CN¥101.3b | 31.1x | 27.3x | 0.7x |
| Tue, 22 Aug 2023 | CN¥2.8t | CN¥4.1t | CN¥115.9b | 29x | 23.8x | 0.7x |
| Thu, 20 Jul 2023 | CN¥2.8t | CN¥4.1t | CN¥118.3b | 30.9x | 23.5x | 0.7x |
| Sat, 17 Jun 2023 | CN¥2.7t | CN¥4.1t | CN¥118.3b | 30.2x | 23.2x | 0.7x |
| Mon, 15 May 2023 | CN¥2.8t | CN¥4.2t | CN¥120.6b | 28.5x | 23.3x | 0.7x |
| Wed, 12 Apr 2023 | CN¥3.0t | CN¥4.2t | CN¥141.1b | 30.9x | 21.3x | 0.7x |
| Fri, 10 Mar 2023 | CN¥3.0t | CN¥4.2t | CN¥134.5b | 31.6x | 22.6x | 0.7x |
| Sun, 05 Feb 2023 | CN¥3.1t | CN¥4.2t | CN¥134.5b | 32.7x | 23.1x | 0.7x |
| Tue, 03 Jan 2023 | CN¥2.9t | CN¥4.2t | CN¥151.8b | 29.9x | 19.2x | 0.7x |
| Thu, 01 Dec 2022 | CN¥3.1t | CN¥4.2t | CN¥151.8b | 30.8x | 20.4x | 0.7x |
| Sat, 29 Oct 2022 | CN¥2.9t | CN¥4.2t | CN¥160.3b | 27.9x | 18x | 0.7x |
| Mon, 26 Sep 2022 | CN¥3.1t | CN¥4.3t | CN¥180.8b | 28.7x | 17.3x | 0.7x |
| Wed, 24 Aug 2022 | CN¥3.4t | CN¥4.2t | CN¥193.3b | 29.8x | 17.7x | 0.8x |
| Fri, 22 Jul 2022 | CN¥3.4t | CN¥4.2t | CN¥196.9b | 31.3x | 17x | 0.8x |
| Sun, 19 Jun 2022 | CN¥3.4t | CN¥4.2t | CN¥197.0b | 27.7x | 17.1x | 0.8x |
| Tue, 17 May 2022 | CN¥2.9t | CN¥4.2t | CN¥196.6b | 25.1x | 14.9x | 0.7x |
| Thu, 14 Apr 2022 | CN¥3.2t | CN¥4.0t | CN¥202.5b | 25x | 16x | 0.8x |
| Sat, 12 Mar 2022 | CN¥3.3t | CN¥3.8t | CN¥194.1b | 28.4x | 17.2x | 0.9x |
| Mon, 07 Feb 2022 | CN¥3.2t | CN¥3.8t | CN¥195.4b | 27.3x | 16.4x | 0.8x |
| Wed, 05 Jan 2022 | CN¥3.5t | CN¥3.8t | CN¥194.8b | 30.6x | 17.9x | 0.9x |
| Fri, 03 Dec 2021 | CN¥3.6t | CN¥3.8t | CN¥194.4b | 31x | 18.6x | 0.9x |
| Sun, 31 Oct 2021 | CN¥3.3t | CN¥3.6t | CN¥176.1b | 28.9x | 18.6x | 0.9x |
| Tue, 28 Sep 2021 | CN¥3.5t | CN¥3.5t | CN¥167.1b | 29.6x | 20.9x | 1x |
| Thu, 26 Aug 2021 | CN¥3.7t | CN¥3.5t | CN¥166.6b | 33.1x | 22.5x | 1.1x |
Price to Earnings Ratio
20.3x
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 23.2x which is higher than its 3-year average PE of 20.8x.
- The industry is trading close to its 3-year average PS ratio of 0.75x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.6% 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 | 1.01% | |
| Materials | 0.69% | |
| Metals and Mining | 0.80% | |
| Gold | 5.79% | |
| Diversified Metals and Mining | 1.58% | |
| Silver | 0% | |
| Steel | -0.41% | |
| Aluminum | -0.78% | |
| Precious Metals and Minerals | -0.79% | |
| Copper | -2.11% | |
Industry PE
- Investors are most optimistic about the Precious Metals and Minerals industry which is trading above its 3-year average PE ratio of 32.2x.
- Analysts are expecting annual earnings growth of 26.1%, 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 18.4x.
Forecasted Growth
- Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 26% over the next 5 years.
- However this is lower than its past earnings growth rate of 65% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| 600547 Shandong Gold Mining | CN¥30.86 | 4.7% +CN¥6.2b | 20.7% | PE68.1x | |
| 600489 Zhongjin GoldLtd | CN¥17.87 | 5.7% +CN¥4.7b | 63.9% | PE26.9x | |
| 600711 Chengtun Mining Group | CN¥5.72 | 34.6% +CN¥4.6b | 14.4% | PE35.1x | |
| 603799 Zhejiang Huayou Cobalt | CN¥23.91 | 11.5% +CN¥4.2b | -49.6% | PE14.2x | |
| 600988 Chifeng Jilong Gold MiningLtd | CN¥20.81 | 10.4% +CN¥3.2b | 40.5% | PE36.9x |
