Are Investors Undervaluing Zhaojin Mining Industry Company Limited (HKG:1818) By 48%?
Jan 02
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Hong Kong (HSI) Gold Industry Analysis
UpdatedJan 07, 2026
DataAggregated Company Financials
Companies9
- 7D5.3%
- 3M0.5%
- 1Y229.1%
- YTDn/a
In the last week, the Gold industry is up 5.3%, with Zhaojin Mining Industry up 9.7%. In the last 12 months, the industry was up 229%. As for the next few years, earnings are expected to grow by 36% per annum.
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, 08 Jan 2026 | HK$572.6b | HK$68.0b | HK$11.0b | 28x | 52.1x | 8.4x |
| Sat, 06 Dec 2025 | HK$545.5b | HK$67.5b | HK$10.9b | 28.2x | 49.9x | 8.1x |
| Mon, 03 Nov 2025 | HK$498.5b | HK$66.3b | HK$10.8b | 27x | 46x | 7.5x |
| Wed, 01 Oct 2025 | HK$1.3t | HK$415.0b | HK$54.5b | 25.8x | 24.4x | 3.2x |
| Fri, 29 Aug 2025 | HK$762.3b | HK$387.1b | HK$48.3b | 17.7x | 15.8x | 2x |
| Sun, 27 Jul 2025 | HK$681.1b | HK$367.9b | HK$42.4b | 21.1x | 16.1x | 1.9x |
| Tue, 24 Jun 2025 | HK$633.7b | HK$367.0b | HK$42.2b | 33.7x | 15x | 1.7x |
| Thu, 22 May 2025 | HK$616.6b | HK$365.2b | HK$42.0b | 25.2x | 14.7x | 1.7x |
| Sat, 19 Apr 2025 | HK$576.7b | HK$356.3b | HK$40.9b | 19.6x | 14.1x | 1.6x |
| Mon, 17 Mar 2025 | HK$553.5b | HK$344.9b | HK$33.2b | 18.3x | 16.7x | 1.6x |
| Wed, 12 Feb 2025 | HK$538.1b | HK$343.0b | HK$33.2b | 15.6x | 16.2x | 1.6x |
| Fri, 10 Jan 2025 | HK$485.5b | HK$341.3b | HK$33.0b | 15x | 14.7x | 1.4x |
| Sun, 08 Dec 2024 | HK$481.2b | HK$344.2b | HK$33.3b | 16.1x | 14.4x | 1.4x |
| Tue, 05 Nov 2024 | HK$544.3b | HK$352.0b | HK$34.1b | 14.7x | 15.9x | 1.5x |
| Thu, 03 Oct 2024 | HK$574.6b | HK$348.8b | HK$30.4b | 16.3x | 18.9x | 1.6x |
| Sat, 31 Aug 2024 | HK$508.2b | HK$346.3b | HK$30.2b | 17x | 16.8x | 1.5x |
| Mon, 29 Jul 2024 | HK$495.8b | HK$339.4b | HK$25.1b | 18.3x | 19.8x | 1.5x |
| Wed, 26 Jun 2024 | HK$533.1b | HK$338.3b | HK$25.0b | 18.5x | 21.3x | 1.6x |
| Fri, 24 May 2024 | HK$552.1b | HK$339.3b | HK$25.0b | 22.2x | 22x | 1.6x |
| Sun, 21 Apr 2024 | HK$567.7b | HK$340.6b | HK$24.2b | 24.2x | 23.4x | 1.7x |
| Tue, 19 Mar 2024 | HK$479.7b | HK$341.3b | HK$22.1b | 19.3x | 21.7x | 1.4x |
| Thu, 15 Feb 2024 | HK$374.7b | HK$341.9b | HK$22.1b | 25x | 16.9x | 1.1x |
| Sat, 13 Jan 2024 | HK$379.7b | HK$344.2b | HK$19.2b | 27.1x | 19.8x | 1.1x |
| Mon, 11 Dec 2023 | HK$364.4b | HK$343.3b | HK$19.1b | 38x | 19.1x | 1.1x |
| Wed, 08 Nov 2023 | HK$370.5b | HK$338.2b | HK$18.7b | 44.7x | 19.8x | 1.1x |
| Fri, 06 Oct 2023 | HK$377.3b | HK$333.9b | HK$16.7b | 20.7x | 22.6x | 1.1x |
| Sun, 03 Sep 2023 | HK$396.9b | HK$336.5b | HK$16.8b | 23.6x | 23.6x | 1.2x |
| Tue, 01 Aug 2023 | HK$411.3b | HK$328.6b | HK$18.9b | 22.1x | 21.8x | 1.3x |
| Thu, 29 Jun 2023 | HK$368.6b | HK$325.8b | HK$18.8b | 14.9x | 19.7x | 1.1x |
| Sat, 27 May 2023 | HK$348.4b | HK$334.1b | HK$19.3b | 19.1x | 18x | 1x |
| Mon, 24 Apr 2023 | HK$435.3b | HK$331.4b | HK$20.7b | 19.8x | 21.1x | 1.3x |
| Wed, 22 Mar 2023 | HK$388.6b | HK$319.5b | HK$21.5b | 13.8x | 18.1x | 1.2x |
| Fri, 17 Feb 2023 | HK$365.8b | HK$316.6b | HK$21.6b | 13.4x | 17x | 1.2x |
| Sun, 15 Jan 2023 | HK$383.0b | HK$322.0b | HK$22.0b | 12.4x | 17.4x | 1.2x |
Price to Earnings Ratio
17.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Gold industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 52.1x which is higher than its 3-year average PE of 20.9x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
- The earnings for companies in the Gold industry have declined 21% per year over the last three years,
- Revenues have also declined 40% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Gold compare with similar industries?
| HK Market | 2.14% | |
| Materials | 6.34% | |
| Metals and Mining | 7.15% | |
| Gold | 5.26% | |
| Diversified Metals and Mining | 9.28% | |
| Aluminum | 8.60% | |
| Copper | 8.50% | |
| Silver | 4.29% | |
| Steel | 1.73% | |
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 | |
|---|---|---|---|---|---|
| 1818 Zhaojin Mining Industry | HK$33.72 | 9.7% +HK$10.6b | 187.7% | PE44.4x | |
| 2259 Zijin Gold International | HK$147.20 | 0.8% +HK$3.2b | n/a | PE64.3x | |
| 3330 Lingbao Gold Group | HK$19.00 | 6.1% +HK$1.5b | 444.4% | PE19.1x | |
| 340 Tongguan Gold Group | HK$3.00 | 7.1% +HK$1.0b | 531.6% | PE33.8x | |
| 2489 Persistence Resources Group | HK$1.12 | 4.7% +HK$120.0m | 34.9% | PE22.5x |
