How does 188H's PE Ratio compare to its peers?

188H is expensive based on its Price-To-Earnings Ratio (45.4x) compared to the peer average (22.3x).

How does 188H's PE Ratio compare vs other companies in the European Metals and Mining Industry?

188H is expensive based on its Price-To-Earnings Ratio (45.4x) compared to the European Metals and Mining industry average (11.6x).

What is 188H'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.

188H is expensive based on its Price-To-Earnings Ratio (45.4x) compared to the estimated Fair Price-To-Earnings Ratio (34.2x).

What is the Fair Price of 188H when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

188H (€1.54) is trading below our estimate of [[fair value]] (€2.47)

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

Insufficient data to show price forecast.

188H Stock Overview

Engages in the exploration, mining, processing, smelting, and selling of gold and silver ores in the People’s Republic of China. More details

188H fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	4/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 37.7% below our estimate of its fair value

Earnings are forecast to grow 37.73% per year

Earnings grew by 47.7% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

My Notes

Capture your thoughts, links and company narrative

Shandong Gold Mining Co., Ltd. Competitors

Symrise

XTRA:SY1

€14.2b

Heidelberg Materials

XTRA:HEI

€21.5b

Evonik Industries

XTRA:EVK

€7.7b

Aurubis

XTRA:NDA

€3.4b

Price History & Performance

Summary of share price highs, lows and changes for Shandong Gold Mining
Historical stock prices
Current Share Price	CN¥1.54
52 Week High	CN¥2.34
52 Week Low	CN¥1.26
Beta	0.47
1 Month Change	-1.91%
3 Month Change	-17.20%
1 Year Change	-6.67%
3 Year Change	4.76%
5 Year Change	n/a
Change since IPO	-7.78%

Recent updates

Shareholder Returns

	188H	DE Metals and Mining	DE Market
7D	0.7%	-2.1%	-0.2%
1Y	-6.7%	-22.5%	7.0%

Return vs Industry: 188H exceeded the German Metals and Mining industry which returned -22.5% over the past year.

Return vs Market: 188H underperformed the German Market which returned 7% over the past year.

Price Volatility

Is 188H's price volatile compared to industry and market?
188H volatility
188H Average Weekly Movement	6.2%
Metals and Mining Industry Average Movement	12.1%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.7%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 188H has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 188H's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	17,602	Qin Liu	www.sdhjgf.com.cn

Shandong Gold Mining Co., Ltd. engages in the exploration, mining, processing, smelting, and selling of gold and silver ores in the People’s Republic of China. The company is involved in refining, processing, production, and sales of gold products. It also engages in production of special equipment for gold mines and building decoration materials; and provision of brokerage services for trading of futures contracts, as well as production of standard gold ingots, investment gold bars, and silver ingots.

Shandong Gold Mining Co., Ltd. Fundamentals Summary

How do Shandong Gold Mining's earnings and revenue compare to its market cap?
188H fundamental statistics
Market cap	€12.33b
Earnings (TTM)	€300.67m
Revenue (TTM)	€11.18b

45.4x

P/E Ratio

1.2x

P/S Ratio

Is 188H overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
188H income statement (TTM)
Revenue	CN¥84.96b
Cost of Revenue	CN¥71.45b
Gross Profit	CN¥13.51b
Other Expenses	CN¥11.23b
Earnings	CN¥2.28b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Mar 28, 2025

Earnings per share (EPS)	0.51
Gross Margin	15.90%
Net Profit Margin	2.69%
Debt/Equity Ratio	117.7%

How did 188H perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

33%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 19:59
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shandong Gold Mining Co., Ltd. is covered by 37 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Quanzhi Lu	Avic Securities Co., Ltd
Yukun LE	BOCI Research Ltd.
Miriam Chan	BofA Global Research