Narrative Update • May 10
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- 7D0.07%
- 3M-26.7%
- 1Y83.7%
- YTD-10.5%
The Metals and Mining industry has been flat over the last week, but Zijin Gold International has lost 7.5%. The past year has been better, since the industry has gained 84% in that time. As for the next few years, earnings are expected to grow by 21% per annum.
Industry Valuation and Performance
Has the Hong Kong Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | HK$1.7t | HK$2.0t | HK$85.9b | 17.5x | 19.9x | 0.9x |
| Sat, 25 Apr 2026 | HK$1.9t | HK$2.0t | HK$84.8b | 18.1x | 22.5x | 1x |
| Mon, 23 Mar 2026 | HK$1.9t | HK$1.9t | HK$69.9b | 17.5x | 26.8x | 1x |
| Wed, 18 Feb 2026 | HK$2.2t | HK$1.9t | HK$76.8b | 19.3x | 28.4x | 1.2x |
| Fri, 16 Jan 2026 | HK$2.1t | HK$1.8t | HK$76.1b | 18.2x | 27x | 1.1x |
| Sun, 14 Dec 2025 | HK$1.7t | HK$1.8t | HK$74.9b | 17.1x | 23x | 0.9x |
| Tue, 11 Nov 2025 | HK$1.6t | HK$1.8t | HK$72.0b | 17.3x | 22.8x | 0.9x |
| Thu, 09 Oct 2025 | HK$2.8t | HK$2.3t | HK$127.7b | 19.3x | 21.9x | 1.2x |
| Sat, 06 Sep 2025 | HK$2.0t | HK$2.3t | HK$144.6b | 13x | 14.1x | 0.9x |
| Mon, 04 Aug 2025 | HK$1.6t | HK$2.3t | HK$130.2b | 11.4x | 12.2x | 0.7x |
| Wed, 02 Jul 2025 | HK$1.5t | HK$2.3t | HK$130.9b | 9.9x | 11.7x | 0.7x |
| Fri, 30 May 2025 | HK$1.4t | HK$2.3t | HK$130.4b | 9x | 10.6x | 0.6x |
| Sun, 27 Apr 2025 | HK$1.3t | HK$2.3t | HK$107.7b | 9.2x | 12.2x | 0.6x |
| Tue, 25 Mar 2025 | HK$1.4t | HK$2.2t | HK$96.5b | 12.5x | 14.4x | 0.6x |
| Thu, 20 Feb 2025 | HK$1.2t | HK$2.2t | HK$86.2b | 11.2x | 14.2x | 0.6x |
| Sat, 18 Jan 2025 | HK$1.2t | HK$2.2t | HK$85.8b | 11x | 14.1x | 0.6x |
| Mon, 16 Dec 2024 | HK$1.2t | HK$2.2t | HK$86.2b | 9.7x | 13.7x | 0.5x |
| Wed, 13 Nov 2024 | HK$1.2t | HK$2.2t | HK$86.7b | 9.5x | 14.2x | 0.6x |
| Fri, 11 Oct 2024 | HK$1.3t | HK$2.3t | HK$87.9b | 9.6x | 14.9x | 0.6x |
| Sun, 08 Sep 2024 | HK$1.1t | HK$2.3t | HK$88.0b | 8.6x | 12.3x | 0.5x |
| Tue, 06 Aug 2024 | HK$1.1t | HK$2.2t | HK$65.1b | 9.8x | 17.1x | 0.5x |
| Thu, 04 Jul 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 11.4x | 19.9x | 0.6x |
| Sat, 01 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.4b | 11.9x | 20.3x | 0.6x |
| Mon, 29 Apr 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 11.7x | 20.5x | 0.6x |
| Wed, 27 Mar 2024 | HK$1.1t | HK$2.2t | HK$60.6b | 10.1x | 18.6x | 0.5x |
| Fri, 23 Feb 2024 | HK$978.8b | HK$2.2t | HK$45.3b | 9.4x | 21.6x | 0.4x |
| Sun, 21 Jan 2024 | HK$882.9b | HK$2.3t | HK$41.2b | 9.2x | 21.4x | 0.4x |
| Tue, 19 Dec 2023 | HK$877.7b | HK$2.3t | HK$41.1b | 8.9x | 21.4x | 0.4x |
| Thu, 16 Nov 2023 | HK$928.1b | HK$2.2t | HK$40.6b | 8.8x | 22.8x | 0.4x |
| Sat, 14 Oct 2023 | HK$936.0b | HK$2.2t | HK$33.4b | 9.1x | 28x | 0.4x |
| Mon, 11 Sep 2023 | HK$993.0b | HK$2.2t | HK$33.3b | 9.3x | 29.8x | 0.5x |
| Wed, 09 Aug 2023 | HK$1.0t | HK$2.2t | HK$62.9b | 7.8x | 16.2x | 0.5x |
| Fri, 07 Jul 2023 | HK$916.6b | HK$2.2t | HK$62.9b | 7.1x | 14.6x | 0.4x |
| Sun, 04 Jun 2023 | HK$941.8b | HK$2.3t | HK$64.1b | 7.3x | 14.7x | 0.4x |
Price to Earnings Ratio
14.7x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.9x.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 10% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.4% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | -1.59% | |
| Materials | 0.43% | |
| Metals and Mining | 0.067% | |
| Diversified Metals and Mining | 4.66% | |
| Copper | 0.29% | |
| Aluminum | -0.42% | |
| Gold | -1.06% | |
| Steel | -1.71% | |
| Silver | -16.46% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 21.1x.
- Analysts are expecting annual earnings growth of 38.0%, which is lower than the prior year's growth of 61.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 53% over the next 5 years.
- This is better than its past earnings decline of 4.6% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 2600 Aluminum Corporation of China | HK$10.83 | 2.1% +HK$3.8b | 129.0% | PE11x | |
| 3858 Jiaxin International Resources Investment | HK$79.25 | 11.4% +HK$3.7b | n/a | PE118.4x | |
| 2610 Nanshan Aluminium International Holdings | HK$34.34 | 9.8% +HK$1.9b | 29.6% | PE6.7x | |
| 1208 MMG | HK$8.96 | 1.6% +HK$1.7b | 198.7% | PE27.3x | |
| 1258 China Nonferrous Mining | HK$13.51 | 1.7% +HK$858.4m | 131.7% | PE16.6x |