An Intrinsic Calculation For China Nonferrous Mining Corporation Limited (HKG:1258) Suggests It's 45% Undervalued
Jan 06
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Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies55
- 7D5.0%
- 3M18.7%
- 1Y170.3%
- YTD2.1%
Over the last 7 days, the Metals and Mining industry has risen 6.3%, driven by gains from Aluminum Corporation of China of 9.9%. This takes the industry's 12 month performance to a gain of 180%. As for the next few years, earnings are expected to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | HK$1.9t | HK$1.8t | HK$75.9b | 18x | 25.2x | 1x |
| Sun, 07 Dec 2025 | HK$1.8t | HK$1.8t | HK$74.8b | 16.8x | 23.5x | 1x |
| Tue, 04 Nov 2025 | HK$1.6t | HK$1.8t | HK$72.0b | 16x | 21.6x | 0.9x |
| Thu, 02 Oct 2025 | HK$2.7t | HK$2.3t | HK$127.7b | 17.3x | 20.9x | 1.1x |
| Sat, 30 Aug 2025 | HK$1.9t | HK$2.3t | HK$142.9b | 13.4x | 13.5x | 0.8x |
| Mon, 28 Jul 2025 | HK$1.7t | HK$2.3t | HK$130.9b | 11.4x | 12.7x | 0.7x |
| Wed, 25 Jun 2025 | HK$1.5t | HK$2.3t | HK$130.7b | 9.1x | 11.2x | 0.6x |
| Fri, 23 May 2025 | HK$1.4t | HK$2.3t | HK$110.9b | 9.1x | 12.6x | 0.6x |
| Sun, 20 Apr 2025 | HK$1.3t | HK$2.3t | HK$102.7b | 9.3x | 12.5x | 0.6x |
| Tue, 18 Mar 2025 | HK$1.3t | HK$2.2t | HK$93.9b | 12.7x | 14.3x | 0.6x |
| Thu, 13 Feb 2025 | HK$1.2t | HK$2.2t | HK$86.0b | 11.5x | 14.4x | 0.6x |
| Sat, 11 Jan 2025 | HK$1.2t | HK$2.2t | HK$85.7b | 11.2x | 13.7x | 0.5x |
| Mon, 09 Dec 2024 | HK$1.2t | HK$2.2t | HK$86.3b | 9.9x | 13.8x | 0.5x |
| Wed, 06 Nov 2024 | HK$1.3t | HK$2.3t | HK$88.1b | 9.7x | 15.1x | 0.6x |
| Fri, 04 Oct 2024 | HK$1.4t | HK$2.3t | HK$88.3b | 9.9x | 15.5x | 0.6x |
| Sun, 01 Sep 2024 | HK$1.2t | HK$2.3t | HK$87.1b | 9.2x | 13.4x | 0.5x |
| Tue, 30 Jul 2024 | HK$1.1t | HK$2.2t | HK$64.3b | 10.1x | 17.8x | 0.5x |
| Thu, 27 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 11.2x | 19.7x | 0.6x |
| Sat, 25 May 2024 | HK$1.3t | HK$2.2t | HK$64.4b | 11.8x | 20.2x | 0.6x |
| Mon, 22 Apr 2024 | HK$1.3t | HK$2.2t | HK$63.0b | 12.1x | 20.9x | 0.6x |
| Wed, 20 Mar 2024 | HK$1.1t | HK$2.2t | HK$48.7b | 10.1x | 22.9x | 0.5x |
| Fri, 16 Feb 2024 | HK$905.4b | HK$2.2t | HK$45.7b | 8.9x | 19.8x | 0.4x |
| Sun, 14 Jan 2024 | HK$922.7b | HK$2.3t | HK$41.1b | 9.4x | 22.4x | 0.4x |
| Tue, 12 Dec 2023 | HK$872.7b | HK$2.2t | HK$40.9b | 8.6x | 21.3x | 0.4x |
| Thu, 09 Nov 2023 | HK$904.1b | HK$2.2t | HK$40.5b | 8.3x | 22.3x | 0.4x |
| Sat, 07 Oct 2023 | HK$948.5b | HK$2.2t | HK$33.4b | 9.4x | 28.4x | 0.4x |
| Mon, 04 Sep 2023 | HK$976.1b | HK$2.2t | HK$33.7b | 8.7x | 29x | 0.4x |
| Wed, 02 Aug 2023 | HK$1.0t | HK$2.3t | HK$63.1b | 7.8x | 16.4x | 0.5x |
| Fri, 30 Jun 2023 | HK$894.2b | HK$2.2t | HK$63.1b | 6.8x | 14.2x | 0.4x |
| Sun, 28 May 2023 | HK$898.8b | HK$2.3t | HK$64.2b | 7.4x | 14x | 0.4x |
| Tue, 25 Apr 2023 | HK$1.1t | HK$2.4t | HK$72.3b | 7.9x | 14.8x | 0.5x |
| Thu, 23 Mar 2023 | HK$1.0t | HK$2.3t | HK$88.3b | 7.1x | 11.4x | 0.4x |
| Sat, 18 Feb 2023 | HK$1.0t | HK$2.3t | HK$98.4b | 7.4x | 10.2x | 0.4x |
| Mon, 16 Jan 2023 | HK$993.9b | HK$2.4t | HK$99.8b | 7.4x | 10x | 0.4x |
Price to Earnings Ratio
10x
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 25.7x which is higher than its 3-year average PE of 17.2x.
- The 3-year average PS ratio of 0.56x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 8.9% per year over the last three years,
- Revenues have also declined 8.3% 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 | 1.60% | |
| Materials | 4.77% | |
| Metals and Mining | 4.98% | |
| Diversified Metals and Mining | 8.00% | |
| Aluminum | 7.23% | |
| Silver | 4.48% | |
| Steel | 4.13% | |
| Gold | 3.06% | |
| Copper | 0.81% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 21.0x.
- Analysts are expecting annual earnings growth of 36.3%, which is lower than the prior year's growth of 181.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 86% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Aluminum 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 | |
|---|---|---|---|---|---|
| 2600 Aluminum Corporation of China | HK$13.37 | 9.9% +HK$20.6b | 193.8% | PE14.5x | |
| 1378 China Hongqiao Group | HK$34.34 | 5.3% +HK$17.1b | 197.6% | PE11.9x | |
| 1818 Zhaojin Mining Industry | HK$34.18 | 11.2% +HK$12.2b | 186.3% | PE44.9x | |
| 3939 Wanguo Gold Group | HK$9.56 | 25.3% +HK$8.5b | 226.8% | PE41.1x | |
| 2610 Nanshan Aluminium International Holdings | HK$59.00 | 21.8% +HK$6.2b | n/a | PE8.3x |
