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2738

Sinomine Resource Group SZSE:002738 Stock Report

Last Price

CN¥96.11

Market Cap

CN¥44.0b

7D

-8.5%

1Y

137.7%

Updated

29 Sep, 2022

Data

Company Financials +
2738 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance6/6
Financial Health5/6
Dividends0/6

2738 Stock Overview

Sinomine Resource Group Co., Ltd. operates as a geological exploration technology services company.

Sinomine Resource Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sinomine Resource Group
Historical stock prices
Current Share PriceCN¥96.11
52 Week HighCN¥109.88
52 Week LowCN¥36.43
Beta0.37
1 Month Change-4.73%
3 Month Change-1.53%
1 Year Change137.69%
3 Year Change720.95%
5 Year Change369.48%
Change since IPO1,751.66%

Recent News & Updates

Shareholder Returns

2738CN Metals and MiningCN Market
7D-8.5%-7.7%-2.9%
1Y137.7%-18.1%-17.3%

Return vs Industry: 002738 exceeded the CN Metals and Mining industry which returned -18.1% over the past year.

Return vs Market: 002738 exceeded the CN Market which returned -17.3% over the past year.

Price Volatility

Is 2738's price volatile compared to industry and market?
2738 volatility
2738 Average Weekly Movement8.0%
Metals and Mining Industry Average Movement6.2%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 002738 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 002738's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19991,089Pingwei Wanghttps://www.sinomine.cn

Sinomine Resource Group Co., Ltd. operates as a geological exploration technology services company. The company offers solid mineral exploration technical services, as well as engages in mineral rights development business. It also holds interests in the Shivuma copper project in Zambia, and Tanco mines located in Manitoba province of Canada, as well as explores for cesium, lithium, copper, and cobalt, gold, silver, chrome, tantalum, beryllium, etc. In addition, the company undertakes engineering projects; and provides international freight forwarding, warehousing, international trade, and ore trading services.

Sinomine Resource Group Fundamentals Summary

How do Sinomine Resource Group's earnings and revenue compare to its market cap?
2738 fundamental statistics
Market CapCN¥44.01b
Earnings (TTM)CN¥1.71b
Revenue (TTM)CN¥4.93b

25.8x

P/E Ratio

8.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2738 income statement (TTM)
RevenueCN¥4.93b
Cost of RevenueCN¥2.46b
Gross ProfitCN¥2.47b
Other ExpensesCN¥765.45m
EarningsCN¥1.71b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.73
Gross Margin50.15%
Net Profit Margin34.63%
Debt/Equity Ratio40.1%

How did 2738 perform over the long term?

See historical performance and comparison

Dividends

0.07%

Current Dividend Yield

2%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2738 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 2738?

Other financial metrics that can be useful for relative valuation.

2738 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/Revenue8.9x
Enterprise Value/EBITDA22x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 2738's PE Ratio compare to its peers?

2738 PE Ratio vs Peers
The above table shows the PE ratio for 2738 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.3x
000933 Henan Shenhuo Coal & PowerLtd
5.9x6.1%CN¥37.0b
002192 YOUNGYLtd
48.2xn/aCN¥30.4b
600549 Xiamen Tungsten
23.6x8.9%CN¥33.1b
35.7x33.7%CN¥38.1b
002738 Sinomine Resource Group
25.8x52.3%CN¥44.0b

Price-To-Earnings vs Peers: 002738 is good value based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (28.3x).


Price to Earnings Ratio vs Industry

How does 2738's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

Price-To-Earnings vs Industry: 002738 is good value based on its Price-To-Earnings Ratio (25.8x) compared to the CN Metals and Mining industry average (27.9x)


Price to Earnings Ratio vs Fair Ratio

What is 2738'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.

2738 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.8x
Fair PE Ratio45.7x

Price-To-Earnings vs Fair Ratio: 002738 is good value based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (45.7x).


Share Price vs Fair Value

What is the Fair Price of 2738 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002738 (CN¥96.11) is trading below our estimate of fair value (CN¥109.91)

Significantly Below Fair Value: 002738 is trading below fair value, but not by a significant amount.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Sinomine Resource Group forecast to perform in the next 1 to 3 years based on estimates from 3 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


52.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002738's forecast earnings growth (52.3% per year) is above the savings rate (3.2%).

Earnings vs Market: 002738's earnings (52.3% per year) are forecast to grow faster than the CN market (25.9% per year).

High Growth Earnings: 002738's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002738's revenue (13.2% per year) is forecast to grow slower than the CN market (18.2% per year).

High Growth Revenue: 002738's revenue (13.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002738's Return on Equity is forecast to be very high in 3 years time (47.4%).


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Past Performance

How has Sinomine Resource Group 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


64.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002738 has high quality earnings.

Growing Profit Margin: 002738's current net profit margins (34.6%) are higher than last year (16.7%).


Past Earnings Growth Analysis

Earnings Trend: 002738's earnings have grown significantly by 64.1% per year over the past 5 years.

Accelerating Growth: 002738's earnings growth over the past year (526.9%) exceeds its 5-year average (64.1% per year).

Earnings vs Industry: 002738 earnings growth over the past year (526.9%) exceeded the Metals and Mining industry 7%.


Return on Equity

High ROE: 002738's Return on Equity (31.4%) is considered high.


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Financial Health

How is Sinomine Resource Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 002738's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥1.9B).

Long Term Liabilities: 002738's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥1.8B).


Debt to Equity History and Analysis

Debt Level: 002738 has more cash than its total debt.

Reducing Debt: 002738's debt to equity ratio has increased from 7.1% to 40.1% over the past 5 years.

Debt Coverage: 002738's debt is well covered by operating cash flow (50.9%).

Interest Coverage: 002738 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Sinomine Resource Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.074%

Current Dividend Yield

Dividend Yield vs Market

Sinomine Resource Group Dividend Yield vs Market
How does Sinomine Resource Group dividend yield compare to the market?
SegmentDividend Yield
Company (Sinomine Resource Group)0.07%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.1%
Industry Average (Metals and Mining)2.9%
Analyst forecast in 3 Years (Sinomine Resource Group)0.2%

Notable Dividend: 002738's dividend (0.074%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.53%).

High Dividend: 002738's dividend (0.074%) is low compared to the top 25% of dividend payers in the CN market (2.13%).


Stability and Growth of Payments

Stable Dividend: 002738 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 002738 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: 002738 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: 002738 is not paying a notable dividend for the CN market.


Discover strong dividend paying companies

Management

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

2.3yrs

Average board tenure


CEO

Pingwei Wang (60 yo)

13.17yrs

Tenure

CN¥929,000

Compensation

Mr. Pingwei Wang serves as the President and Chief Executive officer at Sinomine Resource Group Co., Ltd. and serves as its Chairman. He served as Non-Independent Vice Chairman of Sinomine Resource Group C...


Board Members

Experienced Board: 002738's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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 2738?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders46,210,04110.1%
Institutions77,831,00917.0%
Private Companies79,134,00217.3%
General Public254,744,15055.6%

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


Top Shareholders

Top 25 shareholders own 40.82% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.9%
China Nonferrous Metal Mining (Group) Co.,Ltd.
72,800,000CN¥7.0b0%no data
5.26%
Meichun Sun
24,076,710CN¥2.3b-14.64%no data
1.94%
UBS SDIC Fund Management Co. Ltd.
8,863,012CN¥851.8m127.8%2.6%
1.49%
Pingwei Wang
6,813,800CN¥654.9m0%no data
1.21%
Tibet Tengyi Investment Co., Ltd.
5,551,437CN¥533.5m7.22%100%
1.21%
ICBC Credit Suisse Asset Management Co., Ltd.
5,519,836CN¥530.5m0%0.35%
1.2%
Haihua Zhong
5,489,557CN¥527.6m0%no data
1.16%
First State Cinda Fund Management Co. Ltd.
5,304,524CN¥509.8m5638.53%1.18%
1.15%
Shenzhen Oriental Fortune Venture Capital Management Co., Ltd.
5,287,524CN¥508.2m0%no data
0.97%
Huaxia Life Insurance Co. Ltd, Asset Management Arm
4,457,400CN¥428.4m0%1.22%
0.9%
National Council for Social Security Fund
4,129,020CN¥396.8m0%0.08%
0.73%
Huashang Fund Management Company Ltd.
3,325,083CN¥319.6m0%1.34%
0.71%
Jilin Nonferrous Metal Geological Exploration Bureau
3,240,002CN¥311.4m0%no data
0.7%
Orient Fund Management Co. Ltd.
3,210,692CN¥308.6m0%1.11%
0.68%
Central Huijin Asset Management Ltd.
3,119,760CN¥299.8m0%0.1%
0.68%
Guoteng Investment Co., Ltd.
3,094,000CN¥297.4m0%no data
0.66%
HFT Investment Management Co., Ltd.
3,024,813CN¥290.7m0%0.77%
0.66%
Societe Generale Group, Banking Investments
3,020,282CN¥290.3m0%0.42%
0.66%
Guotai Asset Management Co., Ltd.
3,008,004CN¥289.1m0%0.21%
0.61%
Haitong M&A Capital Management (Shanghai) Co., Ltd.
2,790,992CN¥268.2m0%46.84%
0.59%
Yanzhong Hong
2,708,950CN¥260.4m0%no data
0.48%
Song Yu Yin
2,210,600CN¥212.5m0%no data
0.47%
Hua An Fund Management Co., Ltd.
2,156,350CN¥207.2m0%0.16%
0.44%
CITIC-Prudential Fund Management Company Ltd
1,996,190CN¥191.9m0%0.71%
0.37%
Bank of China Investment Management Co., Ltd.
1,704,220CN¥163.8m0%0.62%

Company Information

Sinomine Resource Group Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sinomine Resource Group Co., Ltd.
  • Ticker: 2738
  • Exchange: SZSE
  • Founded: 1999
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CN¥44.011b
  • Shares outstanding: 457.92m
  • Website: https://www.sinomine.cn

Number of Employees


Location

  • Sinomine Resource Group Co., Ltd.
  • Block A
  • 5th Floor
  • Beijing
  • 100089
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2738SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYDec 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 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.