Zijin Mining Group Company Limited

DB:FJZ Stock Report

Market Cap: €51.9b

Zijin Mining Group Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: FJZ (€1.72) is trading below our estimate of fair value (€4.49)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FJZ. This is calculated by dividing FJZ's market cap by their current earnings.
What is FJZ's PE Ratio?
PE Ratio12.2x
EarningsCN¥29.31b
Market CapCN¥395.15b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FJZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.7x
BAS BASF
76.7x31.4%€38.1b
HEI Heidelberg Materials
11.6x8.7%€21.4b
SY1 Symrise
36.4x13.7%€14.3b
EVK Evonik Industries
34x32.9%€7.8b
FJZ Zijin Mining Group
12.2x17.3%€420.3b

Price-To-Earnings vs Peers: FJZ is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (39.7x).

Price to Earnings Ratio vs Industry

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

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FJZ 12.2xIndustry Avg. 11.7xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FJZ is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the European Metals and Mining industry average (11.7x).

Price to Earnings Ratio vs Fair Ratio

What is FJZ'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.

FJZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio28x

Price-To-Earnings vs Fair Ratio: FJZ is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (28x).

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 FJZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.72
€2.60
+51.1%
6.1%€2.95€2.29n/a15
Dec ’25€1.77
€2.58
+46.3%
6.2%€2.96€2.30n/a15
Nov ’25€1.95
€2.54
+30.4%
6.2%€2.92€2.27n/a15
Oct ’25€1.96
€2.46
+25.4%
5.7%€2.66€2.08n/a15
Sep ’25€1.81
€2.44
+34.9%
5.9%€2.64€2.06n/a14
Aug ’25€1.81
€2.45
+35.6%
5.2%€2.63€2.23n/a13
Jul ’25€1.94
€2.44
+25.8%
7.3%€2.67€2.13n/a13
Jun ’25€1.90
€2.34
+22.9%
8.2%€2.63€1.91n/a13
May ’25€2.02
€2.31
+14.5%
7.2%€2.61€1.94n/a11
Apr ’25€1.82
€2.13
+17.0%
7.8%€2.43€1.87n/a14
Mar ’25€1.48
€1.88
+27.2%
7.5%€2.15€1.62n/a14
Feb ’25€1.30
€1.90
+46.3%
7.6%€2.17€1.63n/a14
Jan ’25€1.43
€1.86
+30.6%
7.9%€2.13€1.60n/a14
Dec ’24€1.39
€1.89
+36.5%
8.6%€2.19€1.62€1.7714
Nov ’24€1.40
€1.92
+37.2%
8.8%€2.21€1.63€1.9513
Oct ’24€1.36
€1.94
+42.3%
7.8%€2.19€1.63€1.9613
Sep ’24€1.38
€1.90
+37.4%
7.2%€2.17€1.61€1.8114
Aug ’24€1.52
€1.87
+23.6%
7.4%€2.22€1.60€1.8114
Jul ’24€1.29
€1.85
+43.3%
7.2%€2.10€1.59€1.9414
Jun ’24€1.24
€1.85
+49.4%
16.6%€2.19€0.81€1.9015
May ’24€1.50
€1.83
+22.3%
17.1%€2.19€0.81€2.0214
Apr ’24€1.51
€1.80
+18.8%
16.9%€2.22€0.82€1.8213
Mar ’24€1.41
€1.73
+22.1%
18.4%€2.26€0.88€1.4814
Feb ’24€1.51
€1.68
+10.8%
17.9%€2.06€0.87€1.3014
Jan ’24€1.23
€1.62
+31.8%
22.6%€2.06€0.87€1.4314
Dec ’23€1.29
€1.63
+26.4%
22.4%€2.07€0.87€1.3914

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 08:02
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Zijin Mining Group Company Limited is covered by 55 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kunal AgrawalBNP Paribas Securities (Asia)
Chi Kit TsuiBOCI Research Ltd.
Yanlin ZhaoBofA Global Research