Jiangxi Copper (HKG:358) Ticks All The Boxes When It Comes To Earnings Growth
Nov 28
Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedDec 01, 2022
DataAggregated Company Financials
Companies58
- 7D3.9%
- 3M8.8%
- 1Y-16.0%
- YTD-15.7%
Over the last 7 days, the Metals and Mining industry has risen 3.9%, driven by gains from Zijin Mining Group of 2.9%. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 17% 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, 01 Dec 2022 | HK$857.1b | HK$2.3t | HK$98.6b | 6.3x | 8.7x | 0.4x |
| Sat, 29 Oct 2022 | HK$699.3b | HK$2.3t | HK$104.0b | 5.1x | 6.7x | 0.3x |
| Mon, 26 Sep 2022 | HK$781.8b | HK$2.3t | HK$107.6b | 5.9x | 7.3x | 0.3x |
| Wed, 24 Aug 2022 | HK$866.8b | HK$2.4t | HK$120.2b | 4.8x | 7.2x | 0.4x |
| Fri, 22 Jul 2022 | HK$879.9b | HK$2.4t | HK$121.8b | 5.7x | 7.2x | 0.4x |
| Sun, 19 Jun 2022 | HK$983.2b | HK$2.4t | HK$121.8b | 5.6x | 8.1x | 0.4x |
| Tue, 17 May 2022 | HK$902.0b | HK$2.4t | HK$120.9b | 5.5x | 7.5x | 0.4x |
| Thu, 14 Apr 2022 | HK$1.1t | HK$2.4t | HK$124.0b | 6.2x | 9.2x | 0.5x |
| Sat, 12 Mar 2022 | HK$1.1t | HK$2.3t | HK$117.6b | 6.1x | 9.3x | 0.5x |
| Mon, 07 Feb 2022 | HK$1.1t | HK$2.2t | HK$118.7b | 5.5x | 8.9x | 0.5x |
| Wed, 05 Jan 2022 | HK$1.1t | HK$2.2t | HK$118.9b | 5.7x | 9.1x | 0.5x |
| Fri, 03 Dec 2021 | HK$1.1t | HK$2.2t | HK$118.6b | 6x | 9x | 0.5x |
| Sun, 31 Oct 2021 | HK$1.1t | HK$2.2t | HK$116.3b | 6.1x | 9.8x | 0.5x |
| Tue, 28 Sep 2021 | HK$1.2t | HK$2.1t | HK$108.2b | 5.8x | 11x | 0.6x |
| Thu, 26 Aug 2021 | HK$1.2t | HK$2.1t | HK$107.1b | 7.5x | 11.3x | 0.6x |
| Fri, 02 Jul 2021 | HK$1.1t | HK$2.1t | HK$107.1b | 6.9x | 10x | 0.5x |
| Mon, 05 Apr 2021 | HK$1.0t | HK$1.9t | HK$73.1b | 8.3x | 13.7x | 0.5x |
| Thu, 07 Jan 2021 | HK$907.9b | HK$1.7t | HK$47.4b | 7.8x | 19.2x | 0.5x |
| Wed, 30 Sep 2020 | HK$633.9b | HK$1.6t | HK$35.0b | 8.5x | 18.1x | 0.4x |
| Sat, 04 Jul 2020 | HK$544.2b | HK$1.5t | HK$24.7b | 11x | 22x | 0.4x |
| Tue, 07 Apr 2020 | HK$510.7b | HK$1.5t | HK$30.5b | 9.8x | 16.8x | 0.4x |
| Fri, 10 Jan 2020 | HK$679.8b | HK$1.5t | HK$36.9b | 13.9x | 18.4x | 0.5x |
Price to Earnings Ratio
14.7x
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 8.7x which is lower than its 3-year average PE of 14.4x.
- 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 grown 35% per year over the last three years.
- Revenues for these companies have grown 18% 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 | 4.53% | |
| Materials | 4.23% | |
| Metals and Mining | 3.95% | |
| Copper | 6.06% | |
| Diversified Metals and Mining | 5.08% | |
| Aluminum | 4.13% | |
| Steel | 4.10% | |
| Gold | 2.80% | |
| Precious Metals and Minerals | 0% | |
| Silver | -1.59% | |
Industry PE
- Investors are most optimistic about the Gold industry even though it's trading below its 3-year average PE ratio of 30.9x.
- Analysts are expecting annual earnings growth of 17.4%, which is lower than the prior year's growth of 47.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 2.1% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 4.6% 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$10.60 | 7.6% +HK$19.7b | 6.0% | PE12.2x | |
| 1378 China Hongqiao Group | HK$7.30 | 7.8% +HK$5.0b | 0% | PE4x | |
| 3993 CMOC Group | HK$3.63 | 6.1% +HK$4.5b | -23.1% | PE10.3x | |
| 2600 Aluminum Corporation of China | HK$3.29 | 5.4% +HK$2.9b | -12.0% | PE12.4x | |
| 358 Jiangxi Copper | HK$11.40 | 6.5% +HK$2.4b | -6.9% | PE6.1x |
