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China Gold International Resources

SEHK:2099
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2099
SEHK
CA$603M
Market Cap
  1. Home
  2. HK
  3. Materials
Company description

China Gold International Resources Corp. Ltd., a gold and base metal mining company, principally engages in the acquisition, exploration, development, and mining of mineral reserves in the People’s Republic of China. The last earnings update was 5 days ago. More info.


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  • China Gold International Resources has significant price volatility in the past 3 months.
2099 Share Price and Events
7 Day Returns
-11.2%
SEHK:2099
-2.3%
HK Metals and Mining
-2.5%
HK Market
1 Year Returns
-42%
SEHK:2099
-32.5%
HK Metals and Mining
-15.9%
HK Market
2099 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Gold International Resources (2099) -11.2% -19% -17.1% -42% -38.6% -55.8%
HK Metals and Mining -2.3% -16.1% -12.1% -32.5% 16.5% 8.7%
HK Market -2.5% -8.6% -3.6% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 2099 underperformed the Metals and Mining industry which returned -32.5% over the past year.
  • 2099 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
2099
Industry
5yr Volatility vs Market

Value

 Is China Gold International Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Gold International Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Gold International Resources.

SEHK:2099 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:2099
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 26.5%) (277.5%))
2.439
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:2099 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Gold International Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:2099 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.92%)
2019 83.70 Analyst x1 73.47
2020 115.20 Analyst x1 88.76
2021 141.38 Est @ 22.73% 95.62
2022 164.72 Est @ 16.51% 97.79
2023 184.75 Est @ 12.16% 96.28
2024 201.58 Est @ 9.11% 92.21
2025 215.65 Est @ 6.98% 86.59
2026 227.48 Est @ 5.49% 80.18
2027 237.59 Est @ 4.44% 73.51
2028 246.40 Est @ 3.71% 66.92
Present value of next 10 years cash flows $851.33
SEHK:2099 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $246.40 × (1 + 2%) ÷ (13.92% – 2%)
$2,108.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,108.52 ÷ (1 + 13.92%)10
$572.62
SEHK:2099 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $851.33 + $572.62
$1,423.95
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,423.95 / 396.41
$0.63
SEHK:2099 Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:CGG)
1.346
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $3.59 x 1.346
CA$4.83
Value per share (HKD) From above. HK$27.58
Current discount Discount to share price of HK$8.67
= -1 x (HK$8.67 - HK$27.58) / HK$27.58
68.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Gold International Resources is available for.
Intrinsic value
>50%
Share price is HK$8.67 vs Future cash flow value of HK$27.58
Current Discount Checks
For China Gold International Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Gold International Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Gold International Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Gold International Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Gold International Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2099 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.03
TSX:CGG Share Price ** TSX (2019-05-20) in CAD CA$1.52
TSX:CGG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $1.13
Hong Kong Metals and Mining Industry PE Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 8.56x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Gold International Resources.

SEHK:2099 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CGG Share Price ÷ EPS (both in USD)

= 1.13 ÷ -0.03

-40.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Gold International Resources is loss making, we can't compare its value to the HK Metals and Mining industry average.
  • China Gold International Resources is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does China Gold International Resources's expected growth come at a high price?
Raw Data
SEHK:2099 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -40.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
75.5%per year
Hong Kong Metals and Mining Industry PEG Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 0.95x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for China Gold International Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Gold International Resources's assets?
Raw Data
SEHK:2099 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.73
TSX:CGG Share Price * TSX (2019-05-20) in CAD CA$1.52
TSX:CGG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $1.13
Hong Kong Metals and Mining Industry PB Ratio Median Figure of 66 Publicly-Listed Metals and Mining Companies 0.84x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:2099 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CGG Share Price ÷ Book Value per Share (both in USD)

= 1.13 ÷ 3.73

0.3x

* Primary Listing of China Gold International Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Gold International Resources is good value based on assets compared to the HK Metals and Mining industry average.
X
Value checks
We assess China Gold International Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. China Gold International Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is China Gold International Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
75.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Gold International Resources expected to grow at an attractive rate?
  • China Gold International Resources's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Gold International Resources's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare China Gold International Resources's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2099 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2099 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 75.5%
Hong Kong Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:2099 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2099 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 129
2020-12-31 204 79
2019-12-31 185 41
SEHK:2099 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 609 146 -11
2018-12-31 571 155 -5
2018-09-30 541 143 17
2018-06-30 481 144 39
2018-03-31 436 104 59
2017-12-31 412 99 63
2017-09-30 372 82 34
2017-06-30 383 59 25
2017-03-31 355 81 -3
2016-12-31 339 77 -13
2016-09-30 324 122 -23
2016-06-30 314 111 -35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Gold International Resources's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if China Gold International Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:2099 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from China Gold International Resources Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2099 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.32 0.32 0.32 1.00
2020-12-31 0.20 0.20 0.20 1.00
2019-12-31 0.11 0.11 0.11 1.00
SEHK:2099 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.03
2018-12-31 -0.01
2018-09-30 0.04
2018-06-30 0.10
2018-03-31 0.15
2017-12-31 0.16
2017-09-30 0.09
2017-06-30 0.06
2017-03-31 -0.01
2016-12-31 -0.03
2016-09-30 -0.06
2016-06-30 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Gold International Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Gold International Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Gold International Resources has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has China Gold International Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Gold International Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Gold International Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Gold International Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Gold International Resources's 1-year growth to the HK Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
China Gold International Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Gold International Resources Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2099 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 609.48 -11.10 56.03 18.10
2018-12-31 570.57 -4.84 51.88 15.80
2018-09-30 540.93 16.55 63.09
2018-06-30 480.63 38.60 54.37
2018-03-31 436.46 58.60 33.06 11.30
2017-12-31 411.88 63.15 29.41 8.75
2017-09-30 372.12 34.49 24.01
2017-06-30 383.14 24.52 22.84
2017-03-31 355.13 -3.37 22.54
2016-12-31 338.60 -13.30 21.82
2016-09-30 324.02 -22.71 23.12
2016-06-30 314.40 -35.49 22.52
2016-03-31 328.15 -17.69 23.16
2015-12-31 339.95 -8.19 24.13
2015-09-30 364.31 25.40 25.44
2015-06-30 353.62 46.90 25.72
2015-03-31 318.51 44.48 25.61
2014-12-31 277.78 39.73 25.61
2014-09-30 242.96 31.10 23.21
2014-06-30 229.44 30.41 25.01
2014-03-31 262.52 41.68 24.78
2013-12-31 302.61 55.03 25.95
2013-09-30 327.49 69.00 28.42
2013-06-30 336.69 79.29 27.05
2013-03-31 331.56 72.51 26.77
2012-12-31 332.39 70.94 25.44
2012-09-30 333.51 77.02 23.34
2012-06-30 337.01 74.42 20.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if China Gold International Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • China Gold International Resources used its assets less efficiently than the HK Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if China Gold International Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess China Gold International Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Gold International Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is China Gold International Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Gold International Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Gold International Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Gold International Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of China Gold International Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Gold International Resources Company Filings, last reported 1 month ago.

SEHK:2099 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,492.00 1,242.29 101.62
2018-12-31 1,489.24 1,239.30 138.00
2018-09-30 1,490.86 1,260.79 183.53
2018-06-30 1,508.09 1,264.41 148.63
2018-03-31 1,529.72 1,301.30 127.89
2017-12-31 1,509.98 1,305.54 147.32
2017-09-30 1,481.49 1,313.28 212.27
2017-06-30 1,450.26 1,291.19 80.47
2017-03-31 1,427.85 1,239.59 73.28
2016-12-31 1,420.19 1,183.66 59.93
2016-09-30 1,434.04 1,130.22 58.94
2016-06-30 1,427.91 1,022.42 99.92
2016-03-31 1,444.54 1,020.38 116.21
2015-12-31 1,447.25 983.23 112.40
2015-09-30 1,465.17 938.48 91.99
2015-06-30 1,482.28 942.04 119.15
2015-03-31 1,470.98 1,197.19 457.24
2014-12-31 1,465.16 1,218.00 565.58
2014-09-30 1,450.73 1,195.86 582.67
2014-06-30 1,432.17 644.08 106.42
2014-03-31 1,422.68 591.41 120.98
2013-12-31 1,431.53 504.51 105.89
2013-09-30 1,424.56 405.51 96.84
2013-06-30 1,409.93 314.92 96.33
2013-03-31 1,384.50 279.95 154.22
2012-12-31 1,367.79 212.93 181.74
2012-09-30 1,342.81 227.50 329.75
2012-06-30 1,315.41 229.79 333.89
  • China Gold International Resources's level of debt (83.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41.6% vs 83.3% today).
  • Debt is not well covered by operating cash flow (11.8%, less than 20% of total debt).
  • China Gold International Resources is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess China Gold International Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Gold International Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is China Gold International Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from China Gold International Resources dividends. Estimated to be 0% next year.
If you bought HK$2,000 of China Gold International Resources shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate China Gold International Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Gold International Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:2099 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Hong Kong Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 4.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:2099 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as China Gold International Resources has not reported any payouts.
  • Unable to verify if China Gold International Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Gold International Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Gold International Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of China Gold International Resources's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess China Gold International Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Gold International Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Gold International Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of China Gold International Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Liangyou Jiang
COMPENSATION $129,616
AGE 52
TENURE AS CEO 0.5 years
CEO Bio

Mr. Liangyou Jiang is the Chief Executive Officer of China Gold International Resources Corp. Ltd. since November 13, 2018 and had been Senior Executive Vice President of China Gold International Resources Corp. Ltd. (formerly know as Jinshan Gold Mines Inc) since August 18, 2014 until November 2018. Mr. Jiang joined China Gold International Resources Corp. Ltd. in August 2010 as the General Manager of Tibet Huatailong Mining Development Corp. Ltd., the Company's wholly-owned subsidiary. He served as the Chairman of Tibet Huatailong Mining Development Co., Ltd. since February 2012 until August 2014 and served as its Secretary. From September 2007, Mr. Jiang served as the Head of the Engineering Management Division of the Investment Management Department of China National Gold Group and served as its Manager of the Investment Management Department since February 2008. Prior to joining China National Gold Group's headquarters, Mr. Jiang served as a General Manager of China Kazakhstan Mining Corp. Ltd., a subsidiary of China National Gold Group. From August 1987 to March 2005, Mr. Jiang worked at Changchun Gold Design Institute. He served as a Chief Engineer of the Institute since February 2000. He served as Vice President and Chief Engineer of the Institute since April 2002. Mr. Jiang has been an Executive Director of China Gold International Resources Corp. Ltd. since October 23, 2014. He served as a Director of Tibet Huatailong Mining Development Co., Ltd. Mr. Jiang won more than 20 provincial-level scientific and technological achievement awards and numerous honorary titles from various agencies. In 2005, he awarded the special allowance by the State Council. Mr. Jiang is a senior professional engineer and holds a Bachelor's Degree in Mineral Processing from Northeastern University.

CEO Compensation
  • Liangyou's compensation has increased whilst company is loss making.
  • Liangyou's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the China Gold International Resources management team in years:

6.8
Average Tenure
55.5
Average Age
  • The average tenure for the China Gold International Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Xin Song

TITLE
Chairman
AGE
55

Liangyou Jiang

TITLE
CEO & Executive Director
COMPENSATION
$130K
AGE
52
TENURE
0.5 yrs

Derrick Zhang

TITLE
Chief Financial Officer
COMPENSATION
$160K
AGE
49
TENURE
8.3 yrs

Jerry Xie

TITLE
Executive VP & Corporate Secretary
COMPENSATION
$174K
AGE
57

Mike Page

TITLE
Executive VP
COMPENSATION
$130K
TENURE
15.5 yrs

Quan Xie

TITLE
Executive VP & Corporate Secretary
COMPENSATION
$167K
AGE
57
TENURE
9.6 yrs

Guo Zhongxin

TITLE
Chief Engineer
TENURE
0.5 yrs

Maurice Ngai

TITLE
Company Secretary
AGE
56
TENURE
5.3 yrs

Saundra Karlson

TITLE
Assistant Secretary
Board of Directors Tenure

Average tenure and age of the China Gold International Resources board of directors in years:

7.1
Average Tenure
55
Average Age
  • The tenure for the China Gold International Resources board of directors is about average.
Board of Directors

Xin Song

TITLE
Chairman
AGE
55
TENURE
5.3 yrs

Liangyou Jiang

TITLE
CEO & Executive Director
COMPENSATION
$130K
AGE
52
TENURE
4.6 yrs

Ian He

TITLE
Independent Non-Executive Director
COMPENSATION
$54K
AGE
56

Yunfei Chen

TITLE
Independent Non-Executive Director
COMPENSATION
$46K
AGE
47
TENURE
11 yrs

John Burns

TITLE
Independent Non-Executive Director
COMPENSATION
$46K
AGE
67
TENURE
9.6 yrs

X.D. Jiang

TITLE
Non-Executive Director
COMPENSATION
$36K
AGE
59
TENURE
8.9 yrs

Greg Hall

TITLE
Independent Non-Executive Director
COMPENSATION
$46K
AGE
68
TENURE
9.6 yrs

Kang Fuzhen

TITLE
Non-Executive Director
AGE
31
TENURE
0.5 yrs

Teng Yongqing

TITLE
Non-Executive Director
AGE
50
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess China Gold International Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Gold International Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

China Gold International Resources Corp. Ltd., a gold and base metal mining company, principally engages in the acquisition, exploration, development, and mining of mineral reserves in the People’s Republic of China. It primarily holds 96.5% interest in the Chang Shan Hao Gold Mine that comprise a licensed area of 36 square kilometers in the western part of inner Mongolia, northern China; and 100% interest in the Jiama Copper-Gold Polymetallic Mine that hosts copper, gold, molybdenum, silver, lead, and zinc metals located in Metrorkongka County in Tibet. The company was formerly known as Jinshan Gold Mines Inc. China Gold International Resources Corp. Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada. The company is considered as a Red Chip company due to its listing on the Hong Kong Stock Exchange.

Details
Name: China Gold International Resources Corp. Ltd.
2099
Exchange: SEHK
Founded: 2000
CA$3,514,171,720
396,413,753
Website: http://www.chinagoldintl.com
Address: China Gold International Resources Corp. Ltd.
One Bentall Centre,
Suite 660,
Vancouver,
British Columbia, V7X 1M4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CGG Common Shares The Toronto Stock Exchange CA CAD 23. Apr 2001
OTCPK JINF.F Common Shares Pink Sheets LLC US USD 23. Apr 2001
DB JI3 Common Shares Deutsche Boerse AG DE EUR 23. Apr 2001
SEHK 2099 Common Shares The Stock Exchange of Hong Kong Ltd. HK HKD 23. Apr 2001
SHSC 2099 Common Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 23. Apr 2001
SZSC 2099 Common Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 23. Apr 2001
Number of employees
Current staff
Staff numbers
2,128
China Gold International Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:55
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.