1618 Stock Overview
Metallurgical Corporation of China Ltd., together with its subsidiaries, engages in the engineering contracting, property development, equipment manufacture, and resource development businesses in China and internationally.
Metallurgical Corporation of China Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.62|
|52 Week High||HK$3.42|
|52 Week Low||HK$1.59|
|1 Month Change||-13.83%|
|3 Month Change||-21.74%|
|1 Year Change||-31.06%|
|3 Year Change||-8.99%|
|5 Year Change||-41.09%|
|Change since IPO||-28.32%|
Recent News & Updates
|1618||HK Construction||HK Market|
Return vs Industry: 1618 underperformed the Hong Kong Construction industry which returned -10.4% over the past year.
Return vs Market: 1618 underperformed the Hong Kong Market which returned -21.1% over the past year.
|1618 Average Weekly Movement||3.7%|
|Construction Industry Average Movement||6.9%|
|Market Average Movement||6.6%|
|10% most volatile stocks in HK Market||13.2%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 1618 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 1618's weekly volatility (4%) has been stable over the past year.
About the Company
Metallurgical Corporation of China Ltd., together with its subsidiaries, engages in the engineering contracting, property development, equipment manufacture, and resource development businesses in China and internationally. The company’s Engineering Contracting segment offers engineering, construction, and other related contracting services for metallurgical and non-metallurgical projects. Its Property Development segment develops and sells residential and commercial properties, and housing properties; and develops land.
Metallurgical Corporation of China Fundamentals Summary
|1618 fundamental statistics|
Is 1618 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1618 income statement (TTM)|
|Cost of Revenue||CN¥469.67b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.38|
|Net Profit Margin||1.49%|
How did 1618 perform over the long term?See historical performance and comparison
5.6%Current Dividend Yield
Is 1618 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 1618?
Other financial metrics that can be useful for relative valuation.
|What is 1618's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 1618's PE Ratio compare to its peers?
|1618 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
3996 China Energy Engineering
1800 China Communications Construction
3311 China State Construction International Holdings
1799 Xinte Energy
1618 Metallurgical Corporation of China
Price-To-Earnings vs Peers: 1618 is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (5x).
Price to Earnings Ratio vs Industry
How does 1618's PE Ratio compare vs other companies in the HK Construction Industry?
Price-To-Earnings vs Industry: 1618 is good value based on its Price-To-Earnings Ratio (3.7x) compared to the Hong Kong Construction industry average (11.1x)
Price to Earnings Ratio vs Fair Ratio
What is 1618'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.
|Current PE Ratio||3.7x|
|Fair PE Ratio||11x|
Price-To-Earnings vs Fair Ratio: 1618 is good value based on its Price-To-Earnings Ratio (3.7x) compared to the estimated Fair Price-To-Earnings Ratio (11x).
Share Price vs Fair Value
What is the Fair Price of 1618 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1618 (HK$1.62) is trading below our estimate of fair value (HK$12.13)
Significantly Below Fair Value: 1618 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Metallurgical Corporation of China forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1618's forecast earnings growth (17.5% per year) is above the savings rate (1.6%).
Earnings vs Market: 1618's earnings (17.5% per year) are forecast to grow faster than the Hong Kong market (16.5% per year).
High Growth Earnings: 1618's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1618's revenue (15.5% per year) is forecast to grow faster than the Hong Kong market (10% per year).
High Growth Revenue: 1618's revenue (15.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1618's Return on Equity is forecast to be low in 3 years time (9.4%).
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How has Metallurgical Corporation of China performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1618 has high quality earnings.
Growing Profit Margin: 1618's current net profit margins (1.5%) are lower than last year (1.6%).
Past Earnings Growth Analysis
Earnings Trend: 1618's earnings have grown by 9.4% per year over the past 5 years.
Accelerating Growth: 1618's earnings growth over the past year (13.3%) exceeds its 5-year average (9.4% per year).
Earnings vs Industry: 1618 earnings growth over the past year (13.3%) exceeded the Construction industry -13.2%.
Return on Equity
High ROE: 1618's Return on Equity (8%) is considered low.
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How is Metallurgical Corporation of China's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 1618's short term assets (CN¥454.0B) exceed its short term liabilities (CN¥391.9B).
Long Term Liabilities: 1618's short term assets (CN¥454.0B) exceed its long term liabilities (CN¥37.2B).
Debt to Equity History and Analysis
Debt Level: 1618's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: 1618's debt to equity ratio has reduced from 118.9% to 58.6% over the past 5 years.
Debt Coverage: 1618's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: 1618 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Metallurgical Corporation of China current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1618's dividend (5.62%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.86%).
High Dividend: 1618's dividend (5.62%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.3%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1618 has been paying a dividend for less than 10 years.
Growing Dividend: 1618's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (20.9%), 1618's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (12.9%), 1618's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mengxing Zhang (59 yo)
Mr. Mengxing Zhang has been the President at Metallurgical Corporation of China Ltd. since October 26, 2016. He serves as Executive Director at Metallurgical Corporation of China Ltd.since October 15, 202...
CEO Compensation Analysis
Compensation vs Market: Mengxing's total compensation ($USD306.98K) is below average for companies of similar size in the Hong Kong market ($USD770.41K).
Compensation vs Earnings: Mengxing's compensation has increased by more than 20% in the past year.
Experienced Management: 1618's management team is considered experienced (3.8 years average tenure).
Experienced Board: 1618's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Metallurgical Corporation of China Ltd.'s employee growth, exchange listings and data sources
- Name: Metallurgical Corporation of China Ltd.
- Ticker: 1618
- Exchange: SHSC
- Founded: 2008
- Industry: Construction and Engineering
- Sector: Capital Goods
- Implied Market Cap: HK$71.524b
- Shares outstanding: 20.72b
- Website: https://www.mccchina.com
Number of Employees
- Metallurgical Corporation of China Ltd.
- MCC Building
- No. 28 Shuguang Xili
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/02 00:00|
|End of Day Share Price||2022/08/01 00:00|
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.