United Company RUSAL, International Public Joint-Stock Company (HKG:486) Looks Inexpensive After Falling 31% But Perhaps Not Attractive Enough
Apr 07
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Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies55
- 7D17.5%
- 3M10.1%
- 1Y-2.7%
- YTD16.2%
Over the last 7 days, the Metals and Mining industry has dropped 5.3%, driven by China Metal Resources Utilization declining 22%. Meanwhile, Zijin Mining Group actually outperformed within the industry, gaining 20% in the last week. However, the industry is down 7.2% over the past year. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | HK$1.3t | HK$2.3t | HK$102.4b | 9.7x | 12.6x | 0.6x |
| Thu, 13 Mar 2025 | HK$1.3t | HK$2.2t | HK$86.8b | 11.2x | 15.2x | 0.6x |
| Sat, 08 Feb 2025 | HK$1.2t | HK$2.2t | HK$86.2b | 11.4x | 14.4x | 0.6x |
| Mon, 06 Jan 2025 | HK$1.1t | HK$2.2t | HK$85.8b | 10.8x | 13.4x | 0.5x |
| Wed, 04 Dec 2024 | HK$1.2t | HK$2.2t | HK$86.2b | 10.1x | 13.8x | 0.5x |
| Fri, 01 Nov 2024 | HK$1.3t | HK$2.2t | HK$89.7b | 9.5x | 14.3x | 0.6x |
| Sun, 29 Sep 2024 | HK$1.3t | HK$2.3t | HK$88.6b | 10x | 14.8x | 0.6x |
| Tue, 27 Aug 2024 | HK$1.2t | HK$2.2t | HK$81.2b | 9.9x | 14.5x | 0.5x |
| Thu, 25 Jul 2024 | HK$1.2t | HK$2.2t | HK$64.1b | 10.3x | 18.1x | 0.5x |
| Sat, 22 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 11.3x | 19.7x | 0.6x |
| Mon, 20 May 2024 | HK$1.4t | HK$2.2t | HK$64.5b | 11.8x | 21.1x | 0.6x |
| Wed, 17 Apr 2024 | HK$1.3t | HK$2.2t | HK$63.0b | 11.8x | 20.9x | 0.6x |
| Fri, 15 Mar 2024 | HK$1.1t | HK$2.2t | HK$50.6b | 10.1x | 21.7x | 0.5x |
| Sun, 11 Feb 2024 | HK$913.6b | HK$2.2t | HK$45.5b | 9x | 20.1x | 0.4x |
| Tue, 09 Jan 2024 | HK$924.2b | HK$2.3t | HK$41.1b | 9.4x | 22.5x | 0.4x |
| Thu, 07 Dec 2023 | HK$901.3b | HK$2.3t | HK$41.0b | 8.7x | 22x | 0.4x |
| Sat, 04 Nov 2023 | HK$930.0b | HK$2.2t | HK$40.4b | 8.8x | 23x | 0.4x |
| Mon, 02 Oct 2023 | HK$966.4b | HK$2.2t | HK$33.4b | 9.6x | 28.9x | 0.4x |
| Wed, 30 Aug 2023 | HK$944.3b | HK$2.2t | HK$40.4b | 7x | 23.4x | 0.4x |
| Fri, 28 Jul 2023 | HK$1.0t | HK$2.3t | HK$63.3b | 7.6x | 15.9x | 0.4x |
| Sun, 25 Jun 2023 | HK$910.9b | HK$2.3t | HK$63.4b | 7x | 14.4x | 0.4x |
| Tue, 23 May 2023 | HK$814.1b | HK$2.3t | HK$64.3b | 7.5x | 12.7x | 0.4x |
| Thu, 20 Apr 2023 | HK$1.1t | HK$2.4t | HK$72.3b | 8.2x | 15.9x | 0.5x |
| Sat, 18 Mar 2023 | HK$984.9b | HK$2.3t | HK$96.6b | 7.3x | 10.2x | 0.4x |
| Mon, 13 Feb 2023 | HK$1.0t | HK$2.4t | HK$99.2b | 7.5x | 10.1x | 0.4x |
| Wed, 11 Jan 2023 | HK$973.9b | HK$2.4t | HK$99.0b | 6.9x | 9.8x | 0.4x |
| Fri, 09 Dec 2022 | HK$907.2b | HK$2.3t | HK$100.1b | 6.5x | 9.1x | 0.4x |
| Sun, 06 Nov 2022 | HK$730.8b | HK$2.2t | HK$95.3b | 5.3x | 7.7x | 0.3x |
| Tue, 04 Oct 2022 | HK$732.6b | HK$2.3t | HK$107.7b | 5.5x | 6.8x | 0.3x |
| Thu, 01 Sep 2022 | HK$838.7b | HK$2.4t | HK$114.8b | 5x | 7.3x | 0.4x |
| Sat, 30 Jul 2022 | HK$873.1b | HK$2.4t | HK$122.0b | 5.5x | 7.2x | 0.4x |
| Mon, 27 Jun 2022 | HK$928.3b | HK$2.4t | HK$122.1b | 5.5x | 7.6x | 0.4x |
| Wed, 25 May 2022 | HK$940.4b | HK$2.4t | HK$122.6b | 5.7x | 7.7x | 0.4x |
| Fri, 22 Apr 2022 | HK$1.0t | HK$2.4t | HK$123.4b | 5.8x | 8.5x | 0.4x |
Price to Earnings Ratio
8.5x
Current Industry PE
- Investors are pessimistic on the Hong Kong Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.2x which is lower than its 3-year average PE of 15.1x.
- The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 6.0% per year over the last three years,
- Revenues have also declined 2.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 8.17% | |
| Materials | 15.43% | |
| Metals and Mining | 17.55% | |
| Gold | 22.24% | |
| Diversified Metals and Mining | 18.30% | |
| Silver | 16.36% | |
| Steel | 15.93% | |
| Copper | 11.57% | |
| Aluminum | 11.45% | |
Industry PE
- Investors are most optimistic about the Gold industry even though it's trading below its 3-year average PE ratio of 18.0x.
- Analysts are expecting annual earnings growth of 14.4%, which is lower than the prior year's growth of 115.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 91% over the next 5 years.
- This is better than its past earnings growth rate of 1.2% per year.
- In contrast, the Copper industry is expected to see its earnings grow by 4.5% 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$17.22 | 16.4% +HK$63.6b | -0.7% | PE11.9x | |
| 3993 CMOC Group | HK$5.65 | 15.3% +HK$16.0b | -24.3% | PE8.4x | |
| 1818 Zhaojin Mining Industry | HK$17.90 | 22.9% +HK$11.8b | 40.1% | PE41.2x | |
| 486 United Company RUSAL International | HK$4.10 | 12.3% +HK$6.8b | 62.1% | PE10x | |
| 2600 Aluminum Corporation of China | HK$4.20 | 8.2% +HK$5.5b | -16.0% | PE5.5x |
