1091 Stock Overview
South Manganese Investment Limited, an investment holding company, engages in manganese mining, ore processing, and downstream processing operations in Mainland China, the rest of Asia, Europe, and North America.
South Manganese Investment Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.95|
|52 Week High||HK$1.89|
|52 Week Low||HK$0.69|
|1 Month Change||18.75%|
|3 Month Change||21.80%|
|1 Year Change||-45.71%|
|3 Year Change||183.58%|
|5 Year Change||63.79%|
|Change since IPO||-67.47%|
Recent News & Updates
|1091||HK Metals and Mining||HK Market|
Return vs Industry: 1091 underperformed the Hong Kong Metals and Mining industry which returned -31.2% over the past year.
Return vs Market: 1091 underperformed the Hong Kong Market which returned -22.7% over the past year.
|1091 Average Weekly Movement||9.7%|
|Metals and Mining Industry Average Movement||6.0%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.8%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 1091 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: 1091's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
About the Company
South Manganese Investment Limited, an investment holding company, engages in manganese mining, ore processing, and downstream processing operations in Mainland China, the rest of Asia, Europe, and North America. It operates through four segments: Manganese Mining, EMM and Alloying Materials Production, Battery Materials Production, and Other Business. The Manganese Mining segment mines and produces manganese products, including manganese concentrate, and natural discharging manganese powder and sand.
South Manganese Investment Fundamentals Summary
|1091 fundamental statistics|
Is 1091 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1091 income statement (TTM)|
|Cost of Revenue||HK$10.49b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 19, 2022
|Earnings per share (EPS)||0.14|
|Net Profit Margin||3.63%|
How did 1091 perform over the long term?See historical performance and comparison
Is 1091 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
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 1091?
Other financial metrics that can be useful for relative valuation.
|What is 1091's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 1091's PE Ratio compare to its peers?
|1091 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
3833 Xinjiang Xinxin Mining Industry
9936 Ximei Resources Holding
769 China Rare Earth Holdings
2237 China Graphite Group
1091 South Manganese Investment
Price-To-Earnings vs Peers: 1091 is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (20.9x).
Price to Earnings Ratio vs Industry
How does 1091's PE Ratio compare vs other companies in the HK Metals and Mining Industry?
Price-To-Earnings vs Industry: 1091 is expensive based on its Price-To-Earnings Ratio (7x) compared to the Hong Kong Metals and Mining industry average (5.4x)
Price to Earnings Ratio vs Fair Ratio
What is 1091'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||7x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1091's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 1091 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1091 (HK$0.95) is trading below our estimate of fair value (HK$6.06)
Significantly Below Fair Value: 1091 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 South Manganese Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 South Manganese Investment 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.
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- Examine whether South Manganese Investment is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- South Manganese Investment competitive advantages and company strategy can generally be found in its financial reports archived here.
How has South Manganese Investment performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1091 has a large one-off loss of HK$302.7M impacting its December 31 2021 financial results.
Growing Profit Margin: 1091 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 1091 has become profitable over the past 5 years, growing earnings by -28.7% per year.
Accelerating Growth: 1091 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 1091 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (45.1%).
Return on Equity
High ROE: 1091's Return on Equity (12.4%) is considered low.
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How is South Manganese Investment's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 1091's short term assets (HK$5.9B) do not cover its short term liabilities (HK$7.1B).
Long Term Liabilities: 1091's short term assets (HK$5.9B) exceed its long term liabilities (HK$797.6M).
Debt to Equity History and Analysis
Debt Level: 1091's net debt to equity ratio (97%) is considered high.
Reducing Debt: 1091's debt to equity ratio has reduced from 134.5% to 133.7% over the past 5 years.
Debt Coverage: 1091's debt is well covered by operating cash flow (39.2%).
Interest Coverage: 1091's interest payments on its debt are well covered by EBIT (6.8x coverage).
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What is South Manganese Investment current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1091's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 1091's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 1091's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1091's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: 1091 is not paying a notable dividend for the Hong Kong market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 1091 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Weijian Li (60 yo)
Mr. Weijian Li has been Executive Chairman and Chief Executive Officer of South Manganese Investment Limited (formerly known as CITIC Dameng Holdings Limited) since December 22, 2020. He has been Executive...
CEO Compensation Analysis
Compensation vs Market: Weijian's total compensation ($USD1.91M) is above average for companies of similar size in the Hong Kong market ($USD400.39K).
Compensation vs Earnings: Weijian's compensation has been consistent with company performance over the past year.
Experienced Management: 1091's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: 1091's board of directors are not considered experienced ( 1.7 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
South Manganese Investment Limited's employee growth, exchange listings and data sources
- Name: South Manganese Investment Limited
- Ticker: 1091
- Exchange: SEHK
- Founded: 2005
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: HK$3.257b
- Shares outstanding: 3.43b
- Website: https://www.southmn.com
Number of Employees
- South Manganese Investment Limited
- United Centre
- Room A02
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/10 00:00|
|End of Day Share Price||2022/08/10 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.