Jiangxi Copper (HKG:358) Is Looking To Continue Growing Its Returns On Capital
Nov 24
Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies58
- 7D-0.5%
- 3M-11.8%
- 1Y3.0%
- YTD-1.6%
Over the last 7 days, the Metals and Mining industry has remained flat, although notably Zijin Mining Group gained 6.6%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 34% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 04 Dec 2023 | HK$916.5b | HK$2.3t | HK$41.2b | 8.4x | 22.3x | 0.4x |
| Wed, 01 Nov 2023 | HK$946.4b | HK$2.2t | HK$40.3b | 9x | 23.5x | 0.4x |
| Fri, 29 Sep 2023 | HK$953.5b | HK$2.2t | HK$33.4b | 9.4x | 28.5x | 0.4x |
| Sun, 27 Aug 2023 | HK$945.2b | HK$2.0t | HK$37.9b | 7x | 24.9x | 0.5x |
| Tue, 25 Jul 2023 | HK$958.5b | HK$2.2t | HK$63.1b | 7.2x | 15.2x | 0.4x |
| Thu, 22 Jun 2023 | HK$917.4b | HK$2.3t | HK$63.3b | 7.1x | 14.5x | 0.4x |
| Sat, 20 May 2023 | HK$930.4b | HK$2.3t | HK$64.4b | 7.2x | 14.4x | 0.4x |
| Mon, 17 Apr 2023 | HK$1.1t | HK$2.4t | HK$72.5b | 7.9x | 15.6x | 0.5x |
| Wed, 15 Mar 2023 | HK$1.0t | HK$2.3t | HK$97.1b | 7.2x | 10.5x | 0.4x |
| Fri, 10 Feb 2023 | HK$1.0t | HK$2.4t | HK$99.5b | 7.8x | 10.3x | 0.4x |
| Sun, 08 Jan 2023 | HK$913.9b | HK$2.3t | HK$98.4b | 7x | 9.3x | 0.4x |
| Tue, 06 Dec 2022 | HK$913.9b | HK$2.3t | HK$99.6b | 6.5x | 9.2x | 0.4x |
| Thu, 03 Nov 2022 | HK$718.4b | HK$2.2t | HK$95.5b | 5.1x | 7.5x | 0.3x |
| Sat, 01 Oct 2022 | HK$733.0b | HK$2.3t | HK$107.6b | 5.5x | 6.8x | 0.3x |
| Mon, 29 Aug 2022 | HK$874.8b | HK$2.4t | HK$119.3b | 5.1x | 7.3x | 0.4x |
| Wed, 27 Jul 2022 | HK$878.2b | HK$2.4t | HK$121.9b | 5.7x | 7.2x | 0.4x |
| Fri, 24 Jun 2022 | HK$944.1b | HK$2.4t | HK$121.9b | 5.7x | 7.7x | 0.4x |
| Sun, 22 May 2022 | HK$958.4b | HK$2.4t | HK$122.0b | 5.7x | 7.9x | 0.4x |
| Tue, 19 Apr 2022 | HK$1.1t | HK$2.4t | HK$124.0b | 6.4x | 9.2x | 0.5x |
| Thu, 17 Mar 2022 | HK$998.5b | HK$2.3t | HK$118.1b | 5.5x | 8.5x | 0.4x |
| Sat, 12 Feb 2022 | HK$1.2t | HK$2.2t | HK$118.9b | 5.7x | 10x | 0.5x |
| Mon, 10 Jan 2022 | HK$1.1t | HK$2.2t | HK$118.6b | 5.8x | 9x | 0.5x |
| Wed, 08 Dec 2021 | HK$1.1t | HK$2.2t | HK$118.6b | 5.8x | 9.1x | 0.5x |
| Fri, 05 Nov 2021 | HK$1.1t | HK$2.2t | HK$115.1b | 6.5x | 9.5x | 0.5x |
| Sun, 03 Oct 2021 | HK$1.2t | HK$2.1t | HK$108.4b | 5.9x | 10.9x | 0.6x |
| Tue, 31 Aug 2021 | HK$1.3t | HK$2.1t | HK$107.1b | 7.7x | 12x | 0.6x |
| Wed, 07 Jul 2021 | HK$1.1t | HK$2.1t | HK$107.1b | 6.9x | 10x | 0.5x |
| Sat, 10 Apr 2021 | HK$1.0t | HK$1.9t | HK$73.1b | 8.3x | 13.7x | 0.5x |
| Fri, 01 Jan 2021 | HK$907.9b | HK$1.7t | HK$47.4b | 7.8x | 19.2x | 0.5x |
Price to Earnings Ratio
25x
Current Industry PE
- Investors are optimistic on the Hong Kong Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.3x which is higher than its 3-year average PE of 13.1x.
- The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 5.6% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | -2.96% | |
| Materials | -1.48% | |
| Metals and Mining | -0.47% | |
| Gold | 2.68% | |
| Silver | 2.38% | |
| Precious Metals and Minerals | 0% | |
| Diversified Metals and Mining | -1.06% | |
| Copper | -1.25% | |
| Steel | -2.88% | |
| Aluminum | -4.14% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 23.6x.
- Analysts are expecting annual earnings growth of 52.2%, which is higher than its past year's earnings decline of 38.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 74% over the next 5 years.
- This is better than its past earnings decline of 26% per year.
- In contrast, the Copper industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 2899 Zijin Mining Group | HK$12.60 | 6.6% +HK$20.5b | 14.8% | PE15.5x | |
| 1818 Zhaojin Mining Industry | HK$10.40 | 5.9% +HK$1.9b | 24.0% | PE61.9x | |
| 1258 China Nonferrous Mining | HK$4.86 | 4.1% +HK$710.4m | 23.0% | PE9.2x | |
| 975 Mongolian Mining | HK$4.64 | 14.0% +HK$594.2m | 140.4% | PE2.7x | |
| 358 Jiangxi Copper | HK$11.20 | 1.4% +HK$554.0m | -3.4% | PE5.7x |
