China Kingstone Mining Holdings Valuation

Q: What is the Fair Price of 1380 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1380 (HK$0.12) is trading below our estimate of [[fair value]] (HK$0.16)

Is 1380 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1380 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1380 (HK$0.12) is trading below our estimate of fair value (HK$0.16)

Significantly Below Fair Value: 1380 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1380?

Key metric: As 1380 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1380. This is calculated by dividing 1380's market cap by their current revenue.
What is 1380's PS Ratio?
PS Ratio	0.4x
Sales	CN¥74.22m
Market Cap	CN¥28.23m

1380 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	-1.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 1380's PS Ratio compare to its peers?

The above table shows the PS ratio for 1380 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.8x
8331 P.B. Group	0.3x	n/a	HK$23.1m
8028 Timeless Resources Holdings	0.5x	n/a	HK$48.9m
601 Rare Earth Magnesium Technology Group Holdings	0.3x	n/a	HK$79.4m
2346 Universal Star (Holdings)	2x	n/a	HK$488.0m
1380 China Kingstone Mining Holdings	0.4x	n/a	HK$30.3m

Price-To-Sales vs Peers: 1380 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does 1380's PS Ratio compare vs other companies in the HK Metals and Mining Industry?

14 Companies	Price / Sales	Estimated Growth	Market Cap
358 Jiangxi Copper	0.08x	7.1%	US$8.59b
323 Maanshan Iron & Steel	0.1x	-0.9%	US$2.23b
581 China Oriental Group	0.09x	n/a	US$564.37m
1091 South Manganese Investment	0.09x	n/a	US$167.39m

14 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 1380 is good value based on its Price-To-Sales Ratio (0.4x) compared to the Hong Kong Metals and Mining industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is 1380's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1380 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 1380's Price-To-Sales Fair Ratio for valuation analysis.

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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