Jiangxi Copper Company Limited's (HKG:358) Earnings Are Not Doing Enough For Some Investors
Aug 06
Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedAug 19, 2024
DataAggregated Company Financials
Companies53
- 7D3.2%
- 3M-21.7%
- 1Y21.9%
- YTD20.5%
The Metals and Mining industry is up 3.2% in the last week, with Zijin Mining Group up 3.8%. This means that the industry has gained 22% over the past year. Looking forward, earnings are forecast to grow by 23% 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, 19 Aug 2024 | HK$1.1t | HK$2.2t | HK$72.6b | 10x | 15.8x | 0.5x |
| Wed, 17 Jul 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 11.3x | 20.8x | 0.6x |
| Fri, 14 Jun 2024 | HK$1.2t | HK$2.2t | HK$64.3b | 10.8x | 19.3x | 0.6x |
| Sun, 12 May 2024 | HK$1.3t | HK$2.2t | HK$64.5b | 12.4x | 20.8x | 0.6x |
| Tue, 09 Apr 2024 | HK$1.3t | HK$2.2t | HK$63.0b | 12x | 20.1x | 0.6x |
| Thu, 07 Mar 2024 | HK$1.0t | HK$2.2t | HK$45.1b | 10x | 22.7x | 0.5x |
| Sat, 03 Feb 2024 | HK$895.5b | HK$2.3t | HK$41.4b | 8.9x | 21.6x | 0.4x |
| Mon, 01 Jan 2024 | HK$941.6b | HK$2.3t | HK$41.4b | 9.7x | 22.7x | 0.4x |
| Wed, 29 Nov 2023 | HK$914.5b | HK$2.2t | HK$41.0b | 8.4x | 22.3x | 0.4x |
| Fri, 27 Oct 2023 | HK$927.8b | HK$2.2t | HK$33.3b | 8.4x | 27.8x | 0.4x |
| Sun, 24 Sep 2023 | HK$997.6b | HK$2.2t | HK$33.4b | 9.5x | 29.9x | 0.5x |
| Tue, 22 Aug 2023 | HK$937.4b | HK$2.2t | HK$46.4b | 8.5x | 20.2x | 0.4x |
| Thu, 20 Jul 2023 | HK$974.1b | HK$2.2t | HK$63.0b | 7.4x | 15.5x | 0.4x |
| Sat, 17 Jun 2023 | HK$959.4b | HK$2.3t | HK$63.8b | 7.1x | 15x | 0.4x |
| Mon, 15 May 2023 | HK$949.0b | HK$2.3t | HK$65.0b | 7.3x | 14.6x | 0.4x |
| Wed, 12 Apr 2023 | HK$1.1t | HK$2.4t | HK$72.8b | 7.4x | 14.8x | 0.5x |
| Fri, 10 Mar 2023 | HK$1.0t | HK$2.3t | HK$96.2b | 7.5x | 10.4x | 0.4x |
| Sun, 05 Feb 2023 | HK$1.0t | HK$2.4t | HK$99.5b | 7.6x | 10.5x | 0.4x |
| Tue, 03 Jan 2023 | HK$888.2b | HK$2.3t | HK$97.7b | 6.8x | 9.1x | 0.4x |
| Thu, 01 Dec 2022 | HK$857.1b | HK$2.3t | HK$98.6b | 6.3x | 8.7x | 0.4x |
| Sat, 29 Oct 2022 | HK$699.3b | HK$2.3t | HK$104.0b | 5.1x | 6.7x | 0.3x |
| Mon, 26 Sep 2022 | HK$781.8b | HK$2.3t | HK$107.6b | 5.9x | 7.3x | 0.3x |
| Wed, 24 Aug 2022 | HK$866.8b | HK$2.4t | HK$120.2b | 4.8x | 7.2x | 0.4x |
| Fri, 22 Jul 2022 | HK$879.9b | HK$2.4t | HK$121.8b | 5.7x | 7.2x | 0.4x |
| Sun, 19 Jun 2022 | HK$983.2b | HK$2.4t | HK$121.8b | 5.6x | 8.1x | 0.4x |
| Tue, 17 May 2022 | HK$902.0b | HK$2.4t | HK$120.9b | 5.5x | 7.5x | 0.4x |
| Thu, 14 Apr 2022 | HK$1.1t | HK$2.4t | HK$124.0b | 6.2x | 9.2x | 0.5x |
| Sat, 12 Mar 2022 | HK$1.1t | HK$2.3t | HK$117.6b | 6.1x | 9.3x | 0.5x |
| Mon, 07 Feb 2022 | HK$1.1t | HK$2.2t | HK$118.7b | 5.5x | 8.9x | 0.5x |
| Wed, 05 Jan 2022 | HK$1.1t | HK$2.2t | HK$118.9b | 5.7x | 9.1x | 0.5x |
| Fri, 03 Dec 2021 | HK$1.1t | HK$2.2t | HK$118.6b | 6x | 9x | 0.5x |
| Sun, 31 Oct 2021 | HK$1.1t | HK$2.2t | HK$116.3b | 6.1x | 9.8x | 0.5x |
| Tue, 28 Sep 2021 | HK$1.2t | HK$2.1t | HK$108.2b | 5.8x | 11x | 0.6x |
| Thu, 26 Aug 2021 | HK$1.2t | HK$2.1t | HK$107.1b | 7.5x | 11.3x | 0.6x |
Price to Earnings Ratio
11.3x
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 15.8x which is higher than its 3-year average PE of 14.2x.
- 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 12% 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 | 1.96% | |
| Materials | 1.92% | |
| Metals and Mining | 3.18% | |
| Diversified Metals and Mining | 4.05% | |
| Aluminum | 3.59% | |
| Gold | 3.44% | |
| Silver | 1.92% | |
| Copper | 1.75% | |
| Precious Metals and Minerals | 0% | |
| Steel | -0.022% | |
Industry PE
- Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 1.7x.
- 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 68% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Copper industry is expected to see its earnings grow by 9.0% 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 | |
|---|---|---|---|---|---|
| 2899 Zijin Mining Group | HK$15.78 | 3.8% +HK$15.4b | 32.2% | PE17.6x | |
| 3993 CMOC Group | HK$6.35 | 5.3% +HK$6.8b | 36.6% | PE12.5x | |
| 1378 China Hongqiao Group | HK$10.32 | 5.4% +HK$5.0b | 44.7% | PE5x | |
| 2600 Aluminum Corporation of China | HK$4.43 | 3.5% +HK$2.6b | 30.7% | PE9.9x | |
| 358 Jiangxi Copper | HK$13.54 | 2.1% +HK$966.6m | 12.6% | PE6.6x |
