CMOC Group Limited's (HKG:3993) Intrinsic Value Is Potentially 89% Above Its Share Price
Oct 21
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Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedOct 21, 2024
DataAggregated Company Financials
Companies53
- 7D0.06%
- 3M10.1%
- 1Y43.5%
- YTD38.4%
Over the last 7 days, the Metals and Mining industry has remained flat, although notably CMOC Group declined by 4.6%. The past year has been better, since the industry has gained 44% in that time. Earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Mon, 21 Oct 2024 | HK$1.3t | HK$2.3t | HK$91.6b | 9.6x | 14.3x | 0.6x |
| Wed, 18 Sep 2024 | HK$1.1t | HK$2.3t | HK$87.9b | 8.5x | 12.3x | 0.5x |
| Fri, 16 Aug 2024 | HK$1.1t | HK$2.2t | HK$65.6b | 10x | 17.3x | 0.5x |
| Sun, 14 Jul 2024 | HK$1.3t | HK$2.2t | HK$64.3b | 11.8x | 20.4x | 0.6x |
| Tue, 11 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.3b | 11.6x | 20.4x | 0.6x |
| Thu, 09 May 2024 | HK$1.3t | HK$2.2t | HK$64.6b | 12.1x | 20x | 0.6x |
| Sat, 06 Apr 2024 | HK$1.3t | HK$2.2t | HK$62.9b | 11.6x | 19.9x | 0.6x |
| Mon, 04 Mar 2024 | HK$982.7b | HK$2.2t | HK$45.3b | 10.4x | 21.7x | 0.4x |
| Wed, 31 Jan 2024 | HK$906.2b | HK$2.3t | HK$41.4b | 8.9x | 21.9x | 0.4x |
| Fri, 29 Dec 2023 | HK$932.4b | HK$2.3t | HK$41.4b | 9.7x | 22.5x | 0.4x |
| Sun, 26 Nov 2023 | HK$915.9b | HK$2.2t | HK$41.0b | 8.3x | 22.4x | 0.4x |
| Tue, 24 Oct 2023 | HK$891.1b | HK$2.2t | HK$33.4b | 8.4x | 26.7x | 0.4x |
| Thu, 21 Sep 2023 | HK$1.0t | HK$2.2t | HK$33.4b | 9.5x | 30.5x | 0.5x |
| Sat, 19 Aug 2023 | HK$936.1b | HK$2.2t | HK$53.0b | 7.8x | 17.7x | 0.4x |
| Mon, 17 Jul 2023 | HK$982.7b | HK$2.3t | HK$63.5b | 7.2x | 15.5x | 0.4x |
| Wed, 14 Jun 2023 | HK$925.5b | HK$2.3t | HK$63.6b | 7x | 14.6x | 0.4x |
| Fri, 12 May 2023 | HK$1.0t | HK$2.3t | HK$65.0b | 7.4x | 15.4x | 0.4x |
| Sun, 09 Apr 2023 | HK$1.0t | HK$2.4t | HK$72.2b | 7.4x | 14.4x | 0.4x |
| Tue, 07 Mar 2023 | HK$1.0t | HK$2.3t | HK$97.9b | 7.3x | 10.6x | 0.4x |
| Thu, 02 Feb 2023 | HK$1.1t | HK$2.4t | HK$99.8b | 7.3x | 10.8x | 0.5x |
| Sat, 31 Dec 2022 | HK$887.3b | HK$2.4t | HK$101.0b | 6.4x | 8.8x | 0.4x |
| Mon, 28 Nov 2022 | HK$827.8b | HK$2.3t | HK$96.0b | 5.9x | 8.6x | 0.4x |
| Wed, 26 Oct 2022 | HK$697.2b | HK$2.3t | HK$105.7b | 5.2x | 6.6x | 0.3x |
| Fri, 23 Sep 2022 | HK$800.0b | HK$2.3t | HK$108.4b | 6.1x | 7.4x | 0.3x |
| Sun, 21 Aug 2022 | HK$853.1b | HK$2.4t | HK$119.5b | 5.2x | 7.1x | 0.4x |
| Tue, 19 Jul 2022 | HK$837.9b | HK$2.4t | HK$121.9b | 5.5x | 6.9x | 0.4x |
| Thu, 16 Jun 2022 | HK$987.0b | HK$2.4t | HK$121.5b | 5.8x | 8.1x | 0.4x |
| Sat, 14 May 2022 | HK$896.0b | HK$2.4t | HK$120.9b | 5.4x | 7.4x | 0.4x |
| Mon, 11 Apr 2022 | HK$1.1t | HK$2.4t | HK$119.6b | 6.4x | 9.4x | 0.5x |
| Wed, 09 Mar 2022 | HK$1.2t | HK$2.3t | HK$119.6b | 6.7x | 10.1x | 0.5x |
| Fri, 04 Feb 2022 | HK$1.0t | HK$2.2t | HK$118.7b | 5.4x | 8.8x | 0.5x |
| Sun, 02 Jan 2022 | HK$1.1t | HK$2.2t | HK$118.9b | 5.7x | 9.1x | 0.5x |
| Tue, 30 Nov 2021 | HK$1.1t | HK$2.2t | HK$118.4b | 6x | 9.1x | 0.5x |
| Thu, 28 Oct 2021 | HK$1.2t | HK$2.2t | HK$115.2b | 6.1x | 10.3x | 0.5x |
Price to Earnings Ratio
10.3x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 14.3x.
- 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 7.4% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | -1.01% | |
| Materials | -0.18% | |
| Metals and Mining | 0.06% | |
| Silver | 3.28% | |
| Aluminum | 2.15% | |
| Gold | 2.06% | |
| Precious Metals and Minerals | 0% | |
| Steel | -1.75% | |
| Diversified Metals and Mining | -3.97% | |
| Copper | -5.10% | |
Industry PE
- Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 3.7x.
- 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 53% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Copper industry is expected to see its earnings growth to stay flat 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$17.20 | 1.5% +HK$6.9b | 48.0% | PE14.2x | |
| 1818 Zhaojin Mining Industry | HK$14.10 | 7.6% +HK$3.4b | 28.9% | PE36.5x | |
| 1378 China Hongqiao Group | HK$13.38 | 2.1% +HK$2.7b | 105.8% | PE6.4x | |
| 2600 Aluminum Corporation of China | HK$6.22 | 2.5% +HK$2.6b | 61.6% | PE9.5x | |
| 486 United Company RUSAL International | HK$2.52 | 1.2% +HK$456.7m | -8.4% | PE11.6x |
