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

Last Price

CN¥26.56

Market Cap

CN¥96.0b

7D

-6.1%

1Y

-40.0%

Updated

04 Oct, 2022

Data

Company Financials +
600111 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends4/6

600111 Stock Overview

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

China Northern Rare Earth (Group) High-TechLtd Competitors

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¥26.56
52 Week HighCN¥57.34
52 Week LowCN¥26.54
Beta-0.11
1 Month Change-11.94%
3 Month Change-19.73%
1 Year Change-40.01%
3 Year Change143.00%
5 Year Change70.80%
Change since IPO1,991.01%

Recent News & Updates

Shareholder Returns

600111CN Metals and MiningCN Market
7D-6.1%-3.8%-1.5%
1Y-40.0%-19.9%-19.2%

Return vs Industry: 600111 underperformed the CN Metals and Mining industry which returned -19.9% over the past year.

Return vs Market: 600111 underperformed the CN Market which returned -19.2% over the past year.

Price Volatility

Is 600111's price volatile compared to industry and market?
600111 volatility
600111 Average Weekly Movement5.2%
Metals and Mining Industry Average Movement6.4%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 600111 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600111's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19619,511Yedong 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¥96.02b
Earnings (TTM)CN¥6.22b
Revenue (TTM)CN¥35.82b

15.4x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600111 income statement (TTM)
RevenueCN¥35.82b
Cost of RevenueCN¥25.59b
Gross ProfitCN¥10.23b
Other ExpensesCN¥4.01b
EarningsCN¥6.22b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.72
Gross Margin28.57%
Net Profit Margin17.37%
Debt/Equity Ratio34.1%

How did 600111 perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

26%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 600111 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600111?

Other financial metrics that can be useful for relative valuation.

600111 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.8x
Enterprise Value/EBITDA11.1x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 600111's PE Ratio compare to its peers?

600111 PE Ratio vs Peers
The above table shows the PE ratio for 600111 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.3x
603799 Zhejiang Huayou CobaltLtd
21.9x37.6%CN¥102.8b
002460 Ganfeng Lithium Group
13.6x-0.9%CN¥139.9b
35.5x33.7%CN¥37.9b
000933 Henan Shenhuo Coal & PowerLtd
6x6.1%CN¥37.8b
600111 China Northern Rare Earth (Group) High-TechLtd
15.4x28.3%CN¥96.0b

Price-To-Earnings vs Peers: 600111 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (19.3x).


Price to Earnings Ratio vs Industry

How does 600111's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

Price-To-Earnings vs Industry: 600111 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the CN Metals and Mining industry average (26.9x)


Price to Earnings Ratio vs Fair Ratio

What is 600111's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600111 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ratio28.9x

Price-To-Earnings vs Fair Ratio: 600111 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.9x).


Share Price vs Fair Value

What is the Fair Price of 600111 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600111 (CN¥26.56) is trading above our estimate of fair value (CN¥22.93)

Significantly Below Fair Value: 600111 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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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 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


28.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600111's forecast earnings growth (28.3% per year) is above the savings rate (3.2%).

Earnings vs Market: 600111's earnings (28.3% per year) are forecast to grow faster than the CN market (25.8% per year).

High Growth Earnings: 600111's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600111's revenue (17.4% per year) is forecast to grow slower than the CN market (18% per year).

High Growth Revenue: 600111's revenue (17.4% per year) is forecast to grow slower 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 (31.1%)


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Past Performance

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

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


61.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600111 has high quality earnings.

Growing Profit Margin: 600111's current net profit margins (17.4%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: 600111's earnings have grown significantly by 61.9% per year over the past 5 years.

Accelerating Growth: 600111's earnings growth over the past year (138.4%) exceeds its 5-year average (61.9% per year).

Earnings vs Industry: 600111 earnings growth over the past year (138.4%) exceeded the Metals and Mining industry 7%.


Return on Equity

High ROE: 600111's Return on Equity (31.5%) is considered high.


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Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600111's short term assets (CN¥26.7B) exceed its short term liabilities (CN¥10.1B).

Long Term Liabilities: 600111's short term assets (CN¥26.7B) exceed its long term liabilities (CN¥3.4B).


Debt to Equity History and Analysis

Debt Level: 600111's net debt to equity ratio (0.09%) is considered satisfactory.

Reducing Debt: 600111's debt to equity ratio has reduced from 61.2% to 34.1% over the past 5 years.

Debt Coverage: 600111's debt is well covered by operating cash flow (101.8%).

Interest Coverage: 600111's interest payments on its debt are well covered by EBIT (41.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.68%

Current Dividend Yield

Dividend Yield vs Market

China Northern Rare Earth (Group) High-TechLtd Dividend Yield vs Market
How does China Northern Rare Earth (Group) High-TechLtd dividend yield compare to the market?
SegmentDividend Yield
Company (China Northern Rare Earth (Group) High-TechLtd)1.7%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.2%
Industry Average (Metals and Mining)2.9%
Analyst forecast in 3 Years (China Northern Rare Earth (Group) High-TechLtd)2.6%

Notable Dividend: 600111's dividend (1.68%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 600111's dividend (1.68%) is low compared to the top 25% of dividend payers in the CN market (2.16%).


Stability and Growth of Payments

Stable Dividend: 600111's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600111's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.9%), 600111's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (22.9%), 600111's dividend payments are well covered by cash flows.


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Management

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

4.4yrs

Average management tenure


CEO

Yedong Qu (47 yo)

1.42yrs

Tenure

CN¥515,600

Compensation

Mr. Yedong Qu is the General Manager of China Northern Rare Earth (Group) High-Tech Co.,Ltd since January 28, 2021 and its Director since May 7, 2021.


Leadership Team

Experienced Management: 600111's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: 600111's board of directors are considered experienced (3.8 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

What is the ownership structure of 600111?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders215,1120.006%
Institutions316,898,5848.8%
Private Companies1,547,019,58942.8%
General Public1,750,932,55748.4%

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


Top Shareholders

Top 25 shareholders own 48.76% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
36.84%
Baotou Iron and Steel (Group) Co., Ltd.
1,331,700,569CN¥35.4b0%no data
5.46%
Jia Xin Co, Ltd (HK)
197,319,020CN¥5.2b-2.01%no data
0.6%
Guotai Asset Management Co., Ltd.
21,573,407CN¥573.0m0%0.44%
0.52%
ICBC Credit Suisse Asset Management Co., Ltd.
18,796,765CN¥499.2m0%0.33%
0.5%
Baotou Gangxing Industrial Group Co., Ltd.
18,000,000CN¥478.1m0%no data
0.48%
Zhejiang Yiwu Tanzhen Investment Management Partnership Enterprise (Limited Partnership)
17,461,115CN¥463.8m0%12.97%
0.38%
Invesco Great Wall Fund Management Co. Ltd
13,856,267CN¥368.0m0%0.27%
0.37%
National Council for Social Security Fund
13,360,846CN¥354.9m38.56%0.07%
0.36%
AEGON-Industrial Fund Management Co., Ltd.
13,048,501CN¥346.6m0%0.27%
0.35%
Van Eck Associates Corporation
12,516,777CN¥332.4m-4.52%0.1%
0.29%
Orient Fund Management Co. Ltd.
10,472,621CN¥278.2m0%1.03%
0.29%
Huatai-PineBridge Fund Management Company Limited
10,313,284CN¥273.9m0%0.26%
0.28%
China Southern Asset Management Co., Ltd.
10,156,263CN¥269.8m0%0.14%
0.27%
The Vanguard Group, Inc.
9,760,833CN¥259.2m0.8%no data
0.24%
Harvest Fund Management Co., Ltd.
8,703,181CN¥231.2m-27.01%0.12%
0.24%
E Fund Management Co., Ltd.
8,547,598CN¥227.0m0.01%0.05%
0.23%
Fullgoal Fund Management Co., Ltd.
8,493,315CN¥225.6m0%0.1%
0.21%
Golden Eagle Asset Management Co. Ltd.
7,695,944CN¥204.4m209.4%1.2%
0.15%
AXA SPDB Investment Managers Co. Ltd.
5,388,196CN¥143.1m0%1.2%
0.13%
CITIC-Prudential Fund Management Company Ltd
4,822,955CN¥128.1m0%0.42%
0.13%
Hua An Fund Management Co., Ltd.
4,636,432CN¥123.1m0%0.09%
0.13%
Bank of China Investment Management Co., Ltd.
4,591,931CN¥122.0m0%0.5%
0.13%
CCB Principal Asset Management Co., Ltd.
4,591,226CN¥121.9m0%0.32%
0.099%
Galaxy Asset Management Company Limited
3,595,525CN¥95.5m0%0.3%
0.094%
J.P. Morgan Asset Management, Inc.
3,388,745CN¥90.0m0%no data

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
  • Implied Market Cap: CN¥96.016b
  • 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 Ind. Dev Zn
  • Baotou
  • Inner Mongolia Province
  • 14030
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600111SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJul 2001
600111XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJul 2001

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.