Returns Are Gaining Momentum At Shougang Fushan Resources Group (HKG:639)
Apr 20
Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies53
- 7D-2.3%
- 3M35.5%
- 1Y17.0%
- YTD31.6%
Over the last 7 days, the Metals and Mining industry has dropped 2.3%, driven by a pullback from Zijin Mining Group of 3.6%. In contrast, China Hongqiao Group has gained 10%. In the past year, the industry has gained 17%. Looking forward, earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | HK$1.3t | HK$2.2t | HK$63.9b | 11.5x | 19.7x | 0.6x |
| Sat, 23 Mar 2024 | HK$1.1t | HK$2.2t | HK$48.8b | 11.3x | 22.8x | 0.5x |
| Mon, 19 Feb 2024 | HK$920.0b | HK$2.2t | HK$45.3b | 9x | 20.3x | 0.4x |
| Wed, 17 Jan 2024 | HK$920.0b | HK$2.2t | HK$41.0b | 9.2x | 22.4x | 0.4x |
| Fri, 15 Dec 2023 | HK$856.3b | HK$2.3t | HK$41.1b | 8.6x | 20.8x | 0.4x |
| Sun, 12 Nov 2023 | HK$896.6b | HK$2.2t | HK$40.4b | 8.2x | 22.2x | 0.4x |
| Tue, 10 Oct 2023 | HK$956.3b | HK$2.2t | HK$33.5b | 9.4x | 28.6x | 0.4x |
| Thu, 07 Sep 2023 | HK$1.0t | HK$2.2t | HK$33.5b | 9.6x | 30.2x | 0.5x |
| Sat, 05 Aug 2023 | HK$1.0t | HK$2.2t | HK$63.1b | 7.6x | 16.1x | 0.5x |
| Mon, 03 Jul 2023 | HK$898.4b | HK$2.2t | HK$63.0b | 6.9x | 14.3x | 0.4x |
| Wed, 31 May 2023 | HK$896.6b | HK$2.3t | HK$64.1b | 7.3x | 14x | 0.4x |
| Fri, 28 Apr 2023 | HK$1.0t | HK$2.3t | HK$72.2b | 7.9x | 14.5x | 0.4x |
| Sun, 26 Mar 2023 | HK$990.0b | HK$2.3t | HK$86.3b | 7.5x | 11.5x | 0.4x |
| Tue, 21 Feb 2023 | HK$1.0t | HK$2.3t | HK$98.5b | 7.4x | 10.5x | 0.4x |
| Thu, 19 Jan 2023 | HK$993.6b | HK$2.4t | HK$99.4b | 7.2x | 10x | 0.4x |
| Sat, 17 Dec 2022 | HK$909.4b | HK$2.3t | HK$100.2b | 7.1x | 9.1x | 0.4x |
| Mon, 14 Nov 2022 | HK$830.4b | HK$2.3t | HK$96.8b | 5.7x | 8.6x | 0.4x |
| Wed, 12 Oct 2022 | HK$724.6b | HK$2.3t | HK$107.3b | 5.7x | 6.8x | 0.3x |
| Fri, 09 Sep 2022 | HK$846.8b | HK$2.3t | HK$109.3b | 6x | 7.7x | 0.4x |
| Sun, 07 Aug 2022 | HK$851.9b | HK$2.4t | HK$121.8b | 5.3x | 7x | 0.4x |
| Tue, 05 Jul 2022 | HK$922.4b | HK$2.4t | HK$122.5b | 5.5x | 7.5x | 0.4x |
| Thu, 02 Jun 2022 | HK$960.6b | HK$2.4t | HK$122.3b | 5.9x | 7.9x | 0.4x |
| Sat, 30 Apr 2022 | HK$1.0t | HK$2.4t | HK$120.7b | 5.9x | 8.3x | 0.4x |
| Mon, 28 Mar 2022 | HK$1.1t | HK$2.3t | HK$120.0b | 5.4x | 8.9x | 0.5x |
| Wed, 23 Feb 2022 | HK$1.2t | HK$2.3t | HK$119.2b | 6.6x | 9.8x | 0.5x |
| Fri, 21 Jan 2022 | HK$1.1t | HK$2.2t | HK$118.9b | 6.1x | 9.5x | 0.5x |
| Sun, 19 Dec 2021 | HK$1.1t | HK$2.2t | HK$118.7b | 5.6x | 9.2x | 0.5x |
| Tue, 16 Nov 2021 | HK$1.1t | HK$2.2t | HK$118.5b | 6.6x | 9.2x | 0.5x |
| Thu, 14 Oct 2021 | HK$1.2t | HK$2.1t | HK$108.3b | 5.9x | 11.1x | 0.6x |
| Sat, 11 Sep 2021 | HK$1.4t | HK$2.1t | HK$107.9b | 8.7x | 13.2x | 0.7x |
| Mon, 09 Aug 2021 | HK$1.2t | HK$2.1t | HK$107.1b | 6.9x | 10.9x | 0.6x |
| Sun, 02 May 2021 | HK$1.2t | HK$1.9t | HK$73.1b | 9.5x | 16x | 0.6x |
Price to Earnings Ratio
16x
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 19.7x which is higher than its 3-year average PE of 13.6x.
- The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 4.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 3.58% | |
| Materials | -1.59% | |
| Metals and Mining | -2.34% | |
| Aluminum | 0.027% | |
| Precious Metals and Minerals | 0% | |
| Copper | -1.24% | |
| Gold | -2.38% | |
| Steel | -3.82% | |
| Diversified Metals and Mining | -4.52% | |
| Silver | -12.50% | |
Industry PE
- Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 71% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Copper industry is expected to see its earnings grow by 5.5% 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 | |
|---|---|---|---|---|---|
| 1378 China Hongqiao Group | HK$10.78 | 10.3% +HK$9.6b | 40.5% | PE8.2x | |
| 2600 Aluminum Corporation of China | HK$5.23 | 3.0% +HK$2.6b | 13.0% | PE12.5x | |
| 1818 Zhaojin Mining Industry | HK$12.50 | -2.0% HK$799.7m | -0.2% | PE48.7x | |
| 1091 South Manganese Investment | HK$0.37 | 19.4% +HK$205.7m | n/a | PE19.8x | |
| 323 Maanshan Iron & Steel | HK$1.14 | 1.8% +HK$154.9m | -32.1% | PS0.08x |
