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CITIC Dameng Holdings

Executive Summary

CITIC Dameng Holdings Limited, an investment holding company, engages in manganese mining, ore processing, and downstream processing operations in Mainland China, rest of Asia, Europe, and North America.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has CITIC Dameng Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 00D's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.6%

00D

3.6%

DE Metals and Mining

0.2%

DE Market


1 Year Return

-12.7%

00D

-23.0%

DE Metals and Mining

4.5%

DE Market

Return vs Industry: 00D exceeded the German Metals and Mining industry which returned -23% over the past year.

Return vs Market: 00D underperformed the German Market which returned 4.5% over the past year.


Shareholder returns

00DIndustryMarket
7 Day-1.6%3.6%0.2%
30 Day93.8%3.9%6.4%
90 Day100.0%18.4%16.9%
1 Year-12.7%-12.7%-22.4%-23.0%6.8%4.5%
3 Year-27.4%-29.5%-62.1%-63.3%3.0%-5.0%
5 Year-62.0%-63.1%-56.8%-59.0%9.9%-4.8%

Price Volatility Vs. Market

How volatile is CITIC Dameng Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CITIC Dameng Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 00D (€0.03) is trading below our estimate of fair value (€0.45)

Significantly Below Fair Value: 00D is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 00D is unprofitable, so we can't compare its PE Ratio to the XE Metals and Mining industry average.

PE vs Market: 00D is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 00D's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 00D is good value based on its PB Ratio (0.4x) compared to the DE Metals and Mining industry average (3.2x).


Next Steps

Future Growth

How is CITIC Dameng Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CITIC Dameng Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has CITIC Dameng Holdings performed over the past 5 years?

50.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 00D is currently unprofitable.

Growing Profit Margin: 00D is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 00D is unprofitable, but has reduced losses over the past 5 years at a rate of 50.7% per year.

Accelerating Growth: Unable to compare 00D's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 00D is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-0.06%).


Return on Equity

High ROE: 00D has a negative Return on Equity (-8.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is CITIC Dameng Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 00D's short term assets (HK$3.8B) do not cover its short term liabilities (HK$5.0B).

Long Term Liabilities: 00D's short term assets (HK$3.8B) exceed its long term liabilities (HK$939.2M).


Debt to Equity History and Analysis

Debt Level: 00D's debt to equity ratio (143.1%) is considered high.

Reducing Debt: 00D's debt to equity ratio has increased from 123.8% to 143.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 00D has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 00D is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 42.2% per year.


Next Steps

Dividend

What is CITIC Dameng Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 00D's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 00D's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 00D's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 00D's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 00D is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 00D's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

4.6yrs

Average board tenure


CEO

Aimin Guo (54yo)

0.83

Tenure

HK$1,552,000

Compensation

Dr. Guo Aimin has been Chairman, Chief Executive Officer, Executive Director of CITIC Dameng Holdings Limited since September 26, 2019. Dr. Guo serves as Deputy General Manager and Chief Engineer of CITIC  ...


CEO Compensation Analysis

Compensation vs Market: Aimin's total compensation ($USD200.24K) is below average for companies of similar size in the German market ($USD756.73K).

Compensation vs Earnings: Insufficient data to compare Aimin's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Aimin Guo
CEO & Chairman0.83yrHK$1.55mno data
Weijian Li
Executive Vice Chairman of the Board10.5yrsHK$5.19mno data
Zhijun Lin
Independent Non-Executive Director6.75yrsHK$300.00kno data
Zhuzhong Tan
Independent Non-Executive Director10.5yrsHK$300.00kno data
Zhengang Suo
Non-Executive Director5.58yrsno datano data
Yanzheng Lyu
Non-Executive Director3.67yrsHK$300.00kno data
Zhihong Wang
Independent Non-Executive Directorno dataHK$250.00kno data
Zhiwei Cheng
Non-Executive Director1yrno datano data
Ling Cui
Non-Executive Director1yrno datano data

4.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 00D's board of directors are considered experienced (4.6 years average tenure).


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

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


Top Shareholders

Company Information

CITIC Dameng Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CITIC Dameng Holdings Limited
  • Ticker: 00D
  • Exchange: DB
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: HK$1.217b
  • Listing Market Cap: HK$137.778m
  • Shares outstanding: 3.43b
  • Website: https://www.dameng.citic.com

Number of Employees


Location

  • CITIC Dameng Holdings Limited
  • 28 Hennessy Road
  • 23rd Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1091SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2010
00DDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2010

Biography

CITIC Dameng Holdings Limited, an investment holding company, engages in manganese mining, ore processing, and downstream processing operations in Mainland China, rest of Asia, Europe, and North America. It operates through four segments: Manganese Mining and Ore Processing, EMM and Alloying Materials, Battery Materials, and Other Business. The Manganese Mining and Ore Processing segment mines and produces manganese products, including manganese concentrate, and natural discharging manganese powder and sand. It has interests in the Daxin mine located to the west of Daxin County in Guangxi; the Tiandeng mine located to the north of Tiandeng County in Guangxi; the Waifu manganese mine located in Jingxi, Guangxi; the Changgou manganese mine located in Guizhou; and the Bembélé manganese mine located to the north of Ndjole town in the Moyen-Ogooue Province of Gabon. The EMM and Alloying Materials segment mines and processes ores used in hydrometallurgical and pyrometallurgical processing activities for the production of electrolytic manganese metal (EMM), manganese briquette, and silicomanganese alloys. The Battery Materials segment manufactures and sells of battery materials products, including Electrolytic Manganese Dioxide (EMD), manganese sulfate, lithium manganese oxide, lithium nickel cobalt manganese oxide, and lithium cobalt oxide. The Other Business segment trades in various commodities, such as manganese ores, EMM, manganese alloys, non-manganese metals, and related raw materials, as well as sells scraps, and rents investment properties and leasehold lands. It also manufactures and sells equipment, develops properties, and produces sulphuric acid and steam. The company was founded in 2005 and is headquartered in Wan Chai, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:32
End of Day Share Price2020/07/14 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.