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China Northern Rare Earth (Group) High-TechLtdSHSE:600111 Stock Report

Market Cap

CN¥159.8b

7D

-11.1%

1Y

309.9%

Updated

28 Sep, 2021

Data

Company Financials +
600111 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth6/6
Past Performance5/6
Financial Health3/6
Dividends0/6

600111 Overview

China Northern Rare Earth (Group) High-Tech Co.,Ltd produces and sells rare earth raw materials in China and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for China Northern Rare Earth (Group) High-TechLtd
Historical stock prices
Current Share PriceCN¥44.27
52 Week HighCN¥9.94
52 Week LowCN¥62.10
Beta-0.15
1 Month Change-9.78%
3 Month Change113.87%
1 Year Change309.91%
3 Year Change332.75%
5 Year Change258.17%
Change since IPO3,385.27%

Recent News & Updates

Shareholder Returns

600111CN Metals and MiningCN Market
7D-11.1%-9.2%-1.2%
1Y309.9%66.3%12.6%

Return vs Industry: 600111 exceeded the CN Metals and Mining industry which returned 66.3% over the past year.

Return vs Market: 600111 exceeded the CN Market which returned 12.6% over the past year.

Price Volatility

Is 600111's price volatile compared to industry and market?
600111 volatility
600111 Beta-0.15
Industry Beta0.66
Market Beta1

Stable Share Price: 600111 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 600111's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19619,111Yedong Quhttps://www.reht.com

China Northern Rare Earth (Group) High-Tech Co.,Ltd produces and sells rare earth raw materials in China and internationally. It offers rare earth salts, oxides, and metals; rare earth functional materials, such as rare earth magnetic, polishing, hydrogen storage, luminescent, and catalytic materials; and rare earth products in the areas of nickel-hydrogen power batteries, rare earth permanent magnetic resonance instruments, and LED lamp beads. The company was formerly known as Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co., Ltd.

China Northern Rare Earth (Group) High-TechLtd Fundamentals Summary

How do China Northern Rare Earth (Group) High-TechLtd's earnings and revenue compare to its market cap?
600111 fundamental statistics
Market CapCN¥159.79b
Earnings (TTM)CN¥2.53b
Revenue (TTM)CN¥26.12b

63.3x

P/E Ratio

6.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600111 income statement (TTM)
RevenueCN¥26.12b
Cost of RevenueCN¥21.21b
Gross ProfitCN¥4.91b
ExpensesCN¥2.38b
EarningsCN¥2.53b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.70
Gross Margin18.78%
Net Profit Margin9.68%
Debt/Equity Ratio59.7%

How did 600111 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

10%

Payout Ratio

Valuation

Is China Northern Rare Earth (Group) High-TechLtd undervalued compared to its fair value and its price relative to the market?

10.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600111 (CN¥44.27) is trading below our estimate of fair value (CN¥49.17)

Significantly Below Fair Value: 600111 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 600111 is poor value based on its PE Ratio (63.3x) compared to the CN Metals and Mining industry average (29.6x).

PE vs Market: 600111 is poor value based on its PE Ratio (63.3x) compared to the CN market (33.5x).


Price to Earnings Growth Ratio

PEG Ratio: 600111 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 600111 is overvalued based on its PB Ratio (13.1x) compared to the CN Metals and Mining industry average (2.8x).


Future Growth

How is China Northern Rare Earth (Group) High-TechLtd forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

48.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600111's forecast earnings growth (48.7% per year) is above the savings rate (3.3%).

Earnings vs Market: 600111's earnings (48.7% per year) are forecast to grow faster than the CN market (23% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600111's revenue (21.5% per year) is forecast to grow faster than the CN market (18.2% per year).

High Growth Revenue: 600111's revenue (21.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600111's Return on Equity is forecast to be high in 3 years time (35.6%)


Past Performance

How has China Northern Rare Earth (Group) High-TechLtd performed over the past 5 years?

45.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600111 has high quality earnings.

Growing Profit Margin: 600111's current net profit margins (9.7%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 600111's earnings have grown significantly by 45.4% per year over the past 5 years.

Accelerating Growth: 600111's earnings growth over the past year (267%) exceeds its 5-year average (45.4% per year).

Earnings vs Industry: 600111 earnings growth over the past year (267%) exceeded the Metals and Mining industry 56.4%.


Return on Equity

High ROE: 600111's Return on Equity (17.7%) is considered low.


Financial Health

How is China Northern Rare Earth (Group) High-TechLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 600111's short term assets (CN¥21.9B) exceed its short term liabilities (CN¥8.2B).

Long Term Liabilities: 600111's short term assets (CN¥21.9B) exceed its long term liabilities (CN¥5.7B).


Debt to Equity History and Analysis

Debt Level: 600111's debt to equity ratio (59.7%) is considered high.

Reducing Debt: 600111's debt to equity ratio has increased from 38.2% to 59.7% over the past 5 years.

Debt Coverage: 600111's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: 600111's interest payments on its debt are well covered by EBIT (10.1x coverage).


Balance Sheet


Dividend

What is China Northern Rare Earth (Group) High-TechLtd current dividend yield, its reliability and sustainability?

0.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600111's dividend (0.16%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 600111's dividend (0.16%) is low compared to the top 25% of dividend payers in the CN market (1.84%).


Stability and Growth of Payments

Stable Dividend: 600111 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 600111 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 600111 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 600111's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Yedong Qu (45 yo)

0.67

Tenure

CN¥524,400

Compensation

Mr. Yedong Qu is the General Manager of China Northern Rare Earth (Group) High-Tech Co.,Ltd since January 28, 2021.


Leadership Team

Experienced Management: 600111's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: 600111's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Northern Rare Earth (Group) High-Tech Co.,Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: China Northern Rare Earth (Group) High-Tech Co.,Ltd
  • Ticker: 600111
  • Exchange: SHSE
  • Founded: 1961
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CN¥159.786b
  • Shares outstanding: 3.62b
  • Website: https://www.reht.com

Number of Employees


Location

  • China Northern Rare Earth (Group) High-Tech Co.,Ltd
  • No. 83, Huanghe Road
  • Rare Earth High-tech Industrial Development Zone
  • Baotou
  • Inner Mongolia Province
  • 14030
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 09:02
End of Day Share Price2021/09/28 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.