Shandong Gold Mining Co., Ltd.

SHSE:600547 Stock Report

Market Cap: CN¥159.6b

Shandong Gold Mining Valuation

Is 600547 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600547 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CN¥41.62
Fair Value
14.5% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: 600547 (CN¥35.6) is trading below our estimate of fair value (CN¥41.62)

Significantly Below Fair Value: 600547 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600547?

Key metric: As 600547 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600547. This is calculated by dividing 600547's market cap by their current revenue.
What is 600547's PS Ratio?
PS Ratio1.7x
SalesCN¥99.30b
Market CapCN¥159.62b

Price to Sales Ratio vs Peers

How does 600547's PS Ratio compare to its peers?

The above table shows the PS ratio for 600547 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.7x
600489 Zhongjin GoldLtd
1.5x10.35%CN¥107.0b
600988 Chifeng Jilong Gold MiningLtd
5.1x14.81%CN¥56.9b
601899 Zijin Mining Group
2.3x9.38%CN¥753.0b
601069 Western Region Gold
2xn/aCN¥24.8b
600547 Shandong Gold Mining
1.7x11.00%CN¥159.6b

Price-To-Sales vs Peers: 600547 is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (2.7x).

Price to Sales Ratio vs Industry

How does 600547's PS Ratio compare vs other companies in the CN Metals and Mining Industry?

29 CompaniesPrice / SalesEstimated GrowthMarket Cap
000932 Hunan Valin Steel
0.3x3.63%US$5.53b
601212 Baiyin Nonferrous Group
0.4xn/aUS$4.97b
000878 Yunnan CopperLtd
0.2x2.71%US$4.61b
000959 Beijing Shougang
0.3x-0.45%US$4.56b
600547 1.7xIndustry Avg. 1.6xNo. of Companies31PS01.63.24.86.48+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 600547 is expensive based on its Price-To-Sales Ratio (1.7x) compared to the CN Metals and Mining industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is 600547's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600547 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio2.8x

Price-To-Sales vs Fair Ratio: 600547 is good value based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).

Analyst Price Targets

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

The above table shows the analyst 600547 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥35.60
CN¥44.35
+24.59%
10.10%CN¥50.00CN¥38.52n/a6
Nov ’26CN¥36.04
CN¥44.35
+23.07%
10.10%CN¥50.00CN¥38.52n/a6
Oct ’26CN¥39.33
CN¥39.98
+1.64%
6.86%CN¥43.00CN¥36.00n/a6
Sep ’26CN¥35.94
CN¥39.14
+8.91%
6.23%CN¥43.00CN¥36.00n/a6
Aug ’26CN¥29.49
CN¥38.40
+30.20%
7.69%CN¥43.00CN¥34.80n/a6
Jul ’26CN¥33.31
CN¥38.88
+16.71%
7.75%CN¥43.00CN¥34.80n/a5
Jun ’26CN¥30.00
CN¥37.28
+24.25%
13.41%CN¥43.00CN¥28.80n/a5
May ’26CN¥30.30
CN¥37.43
+23.53%
12.23%CN¥43.00CN¥28.80n/a6
Apr ’26CN¥26.56
CN¥31.78
+19.64%
15.44%CN¥38.20CN¥22.85n/a6
Mar ’26CN¥23.33
CN¥31.54
+35.17%
15.33%CN¥38.20CN¥22.85n/a6
Feb ’26CN¥24.33
CN¥31.54
+29.61%
15.33%CN¥38.20CN¥22.85n/a6
Jan ’26CN¥22.63
CN¥31.87
+40.82%
15.45%CN¥38.20CN¥22.85n/a6
Dec ’25CN¥24.46
CN¥31.47
+28.67%
18.01%CN¥38.20CN¥20.48n/a6
Nov ’25CN¥26.18
CN¥31.47
+20.22%
18.01%CN¥38.20CN¥20.48CN¥36.046
Oct ’25CN¥29.29
CN¥31.11
+6.20%
17.21%CN¥36.00CN¥20.48CN¥39.336
Sep ’25CN¥27.00
CN¥30.50
+12.94%
18.94%CN¥36.00CN¥20.48CN¥35.946
Aug ’25CN¥29.49
CN¥30.17
+2.32%
19.07%CN¥36.00CN¥20.48CN¥29.496
Jul ’25CN¥27.46
CN¥30.17
+9.88%
19.07%CN¥36.00CN¥20.48CN¥33.316
Jun ’25CN¥28.81
CN¥30.29
+5.14%
21.08%CN¥36.00CN¥19.19CN¥30.006
May ’25CN¥28.87
CN¥30.29
+4.92%
21.08%CN¥36.00CN¥19.19CN¥30.306
Apr ’25CN¥29.49
CN¥26.77
-9.23%
24.39%CN¥36.00CN¥15.98CN¥26.565
Mar ’25CN¥22.65
CN¥24.67
+8.91%
18.46%CN¥29.23CN¥15.98CN¥23.335
Feb ’25CN¥20.48
CN¥24.67
+20.45%
18.46%CN¥29.23CN¥15.98CN¥24.335
Jan ’25CN¥22.87
CN¥26.40
+15.45%
28.87%CN¥34.00CN¥15.98CN¥22.633
Dec ’24CN¥23.16
CN¥26.15
+12.91%
30.48%CN¥34.00CN¥15.22CN¥24.463
Nov ’24CN¥23.78
CN¥26.15
+9.97%
30.48%CN¥34.00CN¥15.22CN¥26.183
CN¥44.35
Fair Value
19.7% undervalued intrinsic discount
6
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/25 18:17
End of Day Share Price 2025/11/25 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shandong Gold Mining Co., Ltd. is covered by 31 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Miriam ChanBofA Global Research
Ke ZhangBohai Securities Co., Ltd.
Xiaohui LauCCB International Securities Limited