Sinomine Resource Group Co., Ltd.

SZSE:002738 Stock Report

Market Cap: CN¥28.5b

Sinomine Resource Group Valuation

Is 002738 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 002738 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002738 (CN¥39.24) is trading below our estimate of fair value (CN¥102.34)

Significantly Below Fair Value: 002738 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002738?

Key metric: As 002738 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002738. This is calculated by dividing 002738's market cap by their current earnings.
What is 002738's PE Ratio?
PE Ratio41.4x
EarningsCN¥683.84m
Market CapCN¥28.51b

Price to Earnings Ratio vs Peers

How does 002738's PE Ratio compare to its peers?

The above table shows the PE ratio for 002738 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.9x
002683 Guangdong Hongda Holdings Group
24.9x12.5%CN¥21.5b
603979 JCHX Mining ManagementLtd
18.5x26.5%CN¥25.7b
601958 Jinduicheng Molybdenum
12x5.4%CN¥35.5b
600549 Xiamen TungstenLtd
16.4x14.4%CN¥30.0b
002738 Sinomine Resource Group
41.4x43.3%CN¥28.5b

Price-To-Earnings vs Peers: 002738 is expensive based on its Price-To-Earnings Ratio (41.4x) compared to the peer average (17.9x).

Price to Earnings Ratio vs Industry

How does 002738's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
600117 Xining Special Steel.Co.Ltd
3.6xn/aUS$1.20b
No more companies available in this PE range
002738 41.4xIndustry Avg. 28.4xNo. of Companies24PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 002738 is expensive based on its Price-To-Earnings Ratio (41.4x) compared to the CN Metals and Mining industry average (28.4x).

Price to Earnings Ratio vs Fair Ratio

What is 002738'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.

002738 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.4x
Fair PE Ratio38.2x

Price-To-Earnings vs Fair Ratio: 002738 is expensive based on its Price-To-Earnings Ratio (41.4x) compared to the estimated Fair Price-To-Earnings Ratio (38.2x).

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 002738 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥39.24
CN¥36.34
-7.4%
11.1%CN¥42.01CN¥33.00n/a3
Nov ’25CN¥34.84
CN¥36.34
+4.3%
11.1%CN¥42.01CN¥33.00n/a3
Oct ’25CN¥36.54
CN¥32.85
-10.1%
3.1%CN¥34.00CN¥31.54n/a3
Sep ’25CN¥28.35
CN¥32.85
+15.9%
3.1%CN¥34.00CN¥31.54n/a3
Aug ’25CN¥26.43
CN¥40.98
+55.1%
13.9%CN¥46.00CN¥33.00n/a3
Jul ’25CN¥27.00
CN¥40.98
+51.8%
13.9%CN¥46.00CN¥33.00n/a3
Jun ’25CN¥30.90
CN¥41.65
+34.8%
11.5%CN¥46.00CN¥35.00n/a3
May ’25CN¥35.60
CN¥41.65
+17.0%
11.5%CN¥46.00CN¥35.00n/a3
Apr ’25CN¥38.75
CN¥44.95
+16.0%
17.2%CN¥53.85CN¥35.00n/a3
Mar ’25CN¥37.41
CN¥40.87
+9.3%
11.6%CN¥46.62CN¥35.00n/a3
Feb ’25CN¥31.39
CN¥45.93
+46.3%
21.1%CN¥61.10CN¥35.00n/a4
Jan ’25CN¥37.31
CN¥45.93
+23.1%
21.1%CN¥61.10CN¥35.00n/a4
Dec ’24CN¥35.61
CN¥47.68
+33.9%
16.8%CN¥61.10CN¥41.00n/a4
Nov ’24CN¥36.38
CN¥49.43
+35.9%
14.4%CN¥61.10CN¥42.00CN¥34.844
Oct ’24CN¥36.41
CN¥55.03
+51.1%
17.4%CN¥69.30CN¥42.00CN¥36.545
Sep ’24CN¥37.23
CN¥60.55
+62.6%
13.8%CN¥69.60CN¥48.00CN¥28.355
Aug ’24CN¥44.89
CN¥68.76
+53.2%
5.9%CN¥73.07CN¥61.10CN¥26.435
Jul ’24CN¥50.94
CN¥68.77
+35.0%
5.9%CN¥73.14CN¥61.10CN¥27.005
Jun ’24CN¥54.80
CN¥71.09
+29.7%
1.9%CN¥73.14CN¥69.30CN¥30.904
May ’24CN¥54.29
CN¥71.09
+31.0%
1.9%CN¥73.14CN¥69.30CN¥35.604
Apr ’24CN¥50.21
CN¥72.14
+43.7%
3.2%CN¥75.43CN¥69.30CN¥38.754
Mar ’24CN¥53.72
CN¥73.09
+36.1%
2.6%CN¥75.43CN¥70.71CN¥37.413
Feb ’24CN¥63.71
CN¥74.28
+16.6%
1.5%CN¥75.43CN¥73.14CN¥31.392
Jan ’24CN¥47.61
CN¥82.33
+72.9%
8.4%CN¥89.23CN¥75.43CN¥37.312
Dec ’23CN¥55.11
CN¥84.47
+53.3%
5.6%CN¥89.23CN¥79.71CN¥35.612

Analyst Forecast: Target price is lower than the current share price.

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