JCHX Mining ManagementLtd (XSSC:603979) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of 603979 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

603979 (CN¥40.2) is trading below our estimate of [[fair value]] (CN¥114.58)

Share Price vs Fair Value

What is the Fair Price of 603979 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603979 (CN¥40.2) is trading below our estimate of fair value (CN¥114.58)

Significantly Below Fair Value: 603979 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603979?

Key metric: As 603979 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603979. This is calculated by dividing 603979's market cap by their current earnings.
What is 603979's PE Ratio?
PE Ratio	17.7x
Earnings	CN¥1.41b
Market Cap	CN¥25.08b

603979 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/Revenue	3x
Enterprise Value/EBITDA	10x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does 603979's PE Ratio compare to its peers?

The above table shows the PE ratio for 603979 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.4x
000426 Inner Mongolia Xingye Silver &Tin MiningLtd	13.6x	9.5%	CN¥23.6b
002738 Sinomine Resource Group	38.9x	43.3%	CN¥26.6b
002683 Guangdong Hongda Holdings Group	25.2x	12.5%	CN¥21.9b
601958 Jinduicheng Molybdenum	11.9x	5.4%	CN¥35.2b
603979 JCHX Mining ManagementLtd	17.7x	26.5%	CN¥25.1b

Price-To-Earnings vs Peers: 603979 is good value based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (22.4x).

Price to Earnings Ratio vs Industry

How does 603979's PE Ratio compare vs other companies in the CN Metals and Mining Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
600117 Xining Special Steel.Co.Ltd	3.5x	n/a	US$1.18b

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 603979 is good value based on its Price-To-Earnings Ratio (17.7x) compared to the CN Metals and Mining industry average (27.4x).

Price to Earnings Ratio vs Fair Ratio

What is 603979'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.

603979 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.7x
Fair PE Ratio	25.6x

Price-To-Earnings vs Fair Ratio: 603979 is good value based on its Price-To-Earnings Ratio (17.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.6x).

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 603979 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥40.20	CN¥56.17 +39.7%	5.6%	CN¥59.51	CN¥52.00	n/a	3
Nov ’25	CN¥41.68	CN¥56.17 +34.8%	5.6%	CN¥59.51	CN¥52.00	n/a	3
Oct ’25	CN¥50.06	CN¥57.50 +14.9%	2.6%	CN¥59.51	CN¥56.00	n/a	3
Sep ’25	CN¥40.84	CN¥57.50 +40.8%	2.6%	CN¥59.51	CN¥56.00	n/a	3
Aug ’25	CN¥40.57	CN¥61.50 +51.6%	2.4%	CN¥63.00	CN¥59.51	n/a	3
Jul ’25	CN¥50.60	CN¥61.50 +21.5%	2.4%	CN¥63.00	CN¥59.51	n/a	3
Jun ’25	CN¥56.87	CN¥61.50 +8.1%	2.4%	CN¥63.00	CN¥59.51	n/a	3
May ’25	CN¥53.52	CN¥56.50 +5.6%	10.8%	CN¥62.00	CN¥48.00	n/a	3
Apr ’25	CN¥51.49	CN¥47.00 -8.7%	2.1%	CN¥48.00	CN¥46.00	n/a	2
Mar ’25	CN¥43.32	CN¥47.00 +8.5%	2.1%	CN¥48.00	CN¥46.00	n/a	2
Feb ’25	CN¥37.95	CN¥47.00 +23.8%	2.1%	CN¥48.00	CN¥46.00	n/a	2
Jan ’25	CN¥37.76	CN¥44.00 +16.5%	9.1%	CN¥48.00	CN¥40.00	n/a	2
Dec ’24	CN¥35.12	CN¥44.00 +25.3%	9.1%	CN¥48.00	CN¥40.00	n/a	2
Nov ’24	CN¥36.18	CN¥44.00 +21.6%	9.1%	CN¥48.00	CN¥40.00	CN¥41.68	2
Oct ’24	CN¥37.07	CN¥44.00 +18.7%	9.1%	CN¥48.00	CN¥40.00	CN¥50.06	2
Sep ’24	CN¥37.38	CN¥41.00 +9.7%	2.4%	CN¥42.00	CN¥40.00	CN¥40.84	2
Aug ’24	CN¥32.99	CN¥40.00 +21.2%	5.0%	CN¥42.00	CN¥38.00	CN¥40.57	2
Jul ’24	CN¥31.10	CN¥40.00 +28.6%	5.0%	CN¥42.00	CN¥38.00	CN¥50.60	2
Jun ’24	CN¥30.88	CN¥40.00 +29.5%	5.0%	CN¥42.00	CN¥38.00	CN¥56.87	2
May ’24	CN¥33.73	CN¥40.00 +18.6%	5.0%	CN¥42.00	CN¥38.00	CN¥53.52	2

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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