Here's Why We're Not At All Concerned With Taung Gold International's (HKG:621) Cash Burn Situation
Nov 19
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Hong Kong (HSI) Gold Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies9
- 7D3.2%
- 3M-4.8%
- 1Y26.6%
- YTDn/a
Over the last 7 days, the Gold industry has risen 2.9%, driven by gains from Zijin Mining Group of 3.5%. In the same time, Taung Gold International was down 26%. This means that the industry has gained 28% over the past year. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Hong Kong Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$495.8b | HK$345.5b | HK$33.4b | 14.4x | 14.8x | 1.4x |
| Sat, 19 Oct 2024 | HK$555.0b | HK$345.1b | HK$30.3b | 16.1x | 18.3x | 1.6x |
| Mon, 16 Sep 2024 | HK$469.6b | HK$346.3b | HK$30.2b | 15x | 15.5x | 1.4x |
| Wed, 14 Aug 2024 | HK$493.2b | HK$342.6b | HK$25.3b | 17.7x | 19.5x | 1.4x |
| Fri, 12 Jul 2024 | HK$583.0b | HK$338.8b | HK$25.0b | 19.8x | 23.3x | 1.7x |
| Sun, 09 Jun 2024 | HK$554.1b | HK$339.2b | HK$25.0b | 19.5x | 22.1x | 1.6x |
| Tue, 07 May 2024 | HK$541.1b | HK$340.9b | HK$25.2b | 22.7x | 21.5x | 1.6x |
| Thu, 04 Apr 2024 | HK$534.0b | HK$340.4b | HK$24.1b | 24.4x | 22.1x | 1.6x |
| Sat, 02 Mar 2024 | HK$404.4b | HK$341.7b | HK$22.1b | 28.5x | 18.3x | 1.2x |
| Mon, 29 Jan 2024 | HK$374.3b | HK$344.8b | HK$19.2b | 25.3x | 19.5x | 1.1x |
| Wed, 27 Dec 2023 | HK$382.9b | HK$345.2b | HK$19.2b | 27x | 19.9x | 1.1x |
| Fri, 24 Nov 2023 | HK$374.3b | HK$343.2b | HK$19.1b | 41.8x | 19.6x | 1.1x |
| Sun, 22 Oct 2023 | HK$363.8b | HK$333.0b | HK$16.6b | 24.8x | 21.9x | 1.1x |
| Tue, 19 Sep 2023 | HK$408.4b | HK$333.8b | HK$16.7b | 24x | 24.5x | 1.2x |
| Thu, 17 Aug 2023 | HK$377.1b | HK$323.3b | HK$18.5b | 21.1x | 20.4x | 1.2x |
| Sat, 15 Jul 2023 | HK$398.5b | HK$329.9b | HK$19.0b | 15.9x | 20.9x | 1.2x |
| Mon, 12 Jun 2023 | HK$373.7b | HK$331.3b | HK$19.1b | 16.8x | 19.5x | 1.1x |
| Wed, 10 May 2023 | HK$408.4b | HK$341.2b | HK$19.8b | 18.1x | 20.6x | 1.2x |
| Fri, 07 Apr 2023 | HK$431.9b | HK$332.1b | HK$20.7b | 15.6x | 20.8x | 1.3x |
| Sun, 05 Mar 2023 | HK$385.8b | HK$314.4b | HK$21.4b | 14.1x | 18x | 1.2x |
| Tue, 31 Jan 2023 | HK$380.8b | HK$321.1b | HK$21.9b | 13.9x | 17.4x | 1.2x |
| Thu, 29 Dec 2022 | HK$324.4b | HK$309.0b | HK$21.0b | 12.2x | 15.5x | 1x |
| Sat, 26 Nov 2022 | HK$309.7b | HK$302.2b | HK$20.5b | 11.5x | 15.1x | 1x |
| Mon, 24 Oct 2022 | HK$186.9b | HK$300.0b | HK$20.3b | 9.3x | 9.2x | 0.6x |
| Wed, 21 Sep 2022 | HK$273.8b | HK$295.4b | HK$21.6b | 10.1x | 12.7x | 0.9x |
| Fri, 19 Aug 2022 | HK$291.6b | HK$305.3b | HK$22.4b | 10.5x | 13x | 1x |
| Sun, 17 Jul 2022 | HK$273.1b | HK$298.6b | HK$19.6b | 12.1x | 14x | 0.9x |
| Tue, 14 Jun 2022 | HK$333.2b | HK$300.8b | HK$19.2b | 15.7x | 17.4x | 1.1x |
| Thu, 12 May 2022 | HK$318.1b | HK$299.7b | HK$19.1b | 17.9x | 16.7x | 1.1x |
| Sat, 09 Apr 2022 | HK$395.3b | HK$295.0b | HK$15.8b | 20.5x | 24.9x | 1.3x |
| Mon, 07 Mar 2022 | HK$391.2b | HK$276.3b | HK$16.3b | 19.4x | 24x | 1.4x |
| Wed, 02 Feb 2022 | HK$328.3b | HK$273.9b | HK$16.2b | 14.2x | 20.3x | 1.2x |
| Fri, 31 Dec 2021 | HK$321.1b | HK$273.6b | HK$16.1b | 13.8x | 19.9x | 1.2x |
| Sun, 28 Nov 2021 | HK$349.2b | HK$272.6b | HK$16.1b | 14.2x | 21.7x | 1.3x |
Price to Earnings Ratio
21.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong Gold 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 14.9x which is lower than its 3-year average PE of 18.9x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 8.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Gold compare with similar industries?
| HK Market | 0.42% | |
| Materials | 0.21% | |
| Metals and Mining | 0.23% | |
| Gold | 3.22% | |
| Silver | 1.96% | |
| Copper | 0.67% | |
| Precious Metals and Minerals | 0% | |
| Steel | -0.03% | |
| Diversified Metals and Mining | -1.15% | |
| Aluminum | -3.38% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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$15.38 | 6.7% +HK$25.5b | 27.7% | PE13x | |
| 1818 Zhaojin Mining Industry | HK$11.92 | 8.0% +HK$3.0b | 23.1% | PE31.4x | |
| 3330 Lingbao Gold Group | HK$3.00 | 4.9% +HK$174.1m | 141.9% | PE10.5x | |
| 2489 Persistence Resources Group | HK$0.82 | 6.5% +HK$100.0m | n/a | PE17.9x | |
| 8299 GT Gold Holdings | HK$0.14 | 2.8% +HK$29.7m | -12.1% | PE17.6x |