Shandong Gold Mining Co., Ltd.

XSSC:600547 Stock Report

Market Cap: CN¥99.4b

Shandong Gold Mining Valuation

Is 600547 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 600547 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600547 (CN¥24.46) is trading below our estimate of fair value (CN¥34.61)

Significantly Below Fair Value: 600547 is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 600547. This is calculated by dividing 600547's market cap by their current earnings.
What is 600547's PE Ratio?
PE Ratio47.9x
EarningsCN¥2.28b
Market CapCN¥99.41b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 600547 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24x
600489 Zhongjin GoldLtd
17.1x16.4%CN¥60.7b
600988 Chifeng Jilong Gold MiningLtd
20.1x21.9%CN¥28.0b
002237 Shandong Humon Smelting
21.3x39.7%CN¥12.1b
001337 Sichuan Gold
37.3xn/aCN¥9.4b
600547 Shandong Gold Mining
47.9x36.7%CN¥99.4b

Price-To-Earnings vs Peers: 600547 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does 600547'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
3.5xn/aUS$1.18b
No more companies available in this PE range
600547 47.9xIndustry Avg. 27.1xNo. of Companies24PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600547 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the CN Metals and Mining industry average (26.9x).

Price to Earnings Ratio vs Fair Ratio

What is 600547'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.

600547 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.9x
Fair PE Ratio34.1x

Price-To-Earnings vs Fair Ratio: 600547 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the estimated Fair Price-To-Earnings Ratio (34.1x).

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¥24.46
CN¥31.47
+28.7%
18.0%CN¥38.20CN¥20.48n/a6
Nov ’25CN¥26.18
CN¥31.47
+20.2%
18.0%CN¥38.20CN¥20.48n/a6
Oct ’25CN¥29.29
CN¥31.11
+6.2%
17.2%CN¥36.00CN¥20.48n/a6
Sep ’25CN¥27.00
CN¥30.50
+12.9%
18.9%CN¥36.00CN¥20.48n/a6
Aug ’25CN¥29.49
CN¥30.17
+2.3%
19.1%CN¥36.00CN¥20.48n/a6
Jul ’25CN¥27.46
CN¥30.17
+9.9%
19.1%CN¥36.00CN¥20.48n/a6
Jun ’25CN¥28.81
CN¥30.29
+5.1%
21.1%CN¥36.00CN¥19.19n/a6
May ’25CN¥28.87
CN¥30.29
+4.9%
21.1%CN¥36.00CN¥19.19n/a6
Apr ’25CN¥29.49
CN¥26.77
-9.2%
24.4%CN¥36.00CN¥15.98n/a5
Mar ’25CN¥22.65
CN¥24.67
+8.9%
18.5%CN¥29.23CN¥15.98n/a5
Feb ’25CN¥20.48
CN¥24.67
+20.4%
18.5%CN¥29.23CN¥15.98n/a5
Jan ’25CN¥22.87
CN¥26.40
+15.4%
28.9%CN¥34.00CN¥15.98n/a3
Dec ’24CN¥23.16
CN¥26.15
+12.9%
30.5%CN¥34.00CN¥15.22n/a3
Nov ’24CN¥23.78
CN¥26.15
+10.0%
30.5%CN¥34.00CN¥15.22CN¥26.183
Oct ’24CN¥25.11
CN¥26.35
+4.9%
30.6%CN¥34.00CN¥15.22CN¥29.293
Sep ’24CN¥26.25
CN¥24.39
-7.1%
31.8%CN¥34.00CN¥15.22CN¥27.004
Aug ’24CN¥24.72
CN¥23.28
-5.8%
27.6%CN¥34.00CN¥15.22CN¥29.495
Jul ’24CN¥23.48
CN¥23.36
-0.5%
27.1%CN¥34.00CN¥15.60CN¥27.465
Jun ’24CN¥25.53
CN¥23.36
-8.5%
27.1%CN¥34.00CN¥15.60CN¥28.815
May ’24CN¥25.70
CN¥24.28
-5.5%
25.2%CN¥34.00CN¥15.60CN¥28.876
Apr ’24CN¥22.04
CN¥22.34
+1.3%
21.2%CN¥28.90CN¥15.60CN¥29.495
Mar ’24CN¥19.15
CN¥20.55
+7.3%
18.0%CN¥24.99CN¥15.60CN¥22.654
Feb ’24CN¥20.19
CN¥20.55
+1.8%
18.0%CN¥24.99CN¥15.60CN¥20.484
Jan ’24CN¥19.16
CN¥18.63
-2.8%
19.4%CN¥23.12CN¥14.26CN¥22.873
Dec ’23CN¥20.97
CN¥17.65
-15.8%
14.1%CN¥20.19CN¥14.26CN¥23.163
Nov ’23CN¥17.54
CN¥17.65
+0.6%
14.1%CN¥20.19CN¥14.26CN¥23.783

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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