Executive Summary
Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People's Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Good value with moderate growth potential.
Similar Companies
Share Price & News
How has Aluminum Corporation of China's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2600's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.6%
2600
-1.5%
HK Metals and Mining
1.1%
HK Market
1 Year Return
-55.4%
2600
-38.7%
HK Metals and Mining
-21.6%
HK Market
Return vs Industry: 2600 underperformed the Hong Kong Metals and Mining industry which returned -37.6% over the past year.
Return vs Market: 2600 underperformed the Hong Kong Market which returned -20.4% over the past year.
Shareholder returns
| 2600 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | -1.5% | 1.1% |
| 30 Day | -26.9% | -21.9% | -10.2% |
| 90 Day | -45.3% | -32.1% | -16.1% |
| 1 Year | -55.4%-55.4% | -36.6%-38.7% | -18.8%-21.6% |
| 3 Year | -62.2%-62.2% | -33.8%-38.0% | -3.1%-12.8% |
| 5 Year | -70.3%-70.3% | -40.2%-46.0% | -13.5%-27.3% |
Price Volatility Vs. Market
How volatile is Aluminum Corporation of China's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
What Is Aluminum Corporation of China's (HKG:2600) P/E Ratio After Its Share Price Tanked?5 days ago | Simply Wall St
CN¥2.14: That's What Analysts Think Aluminum Corporation of China Limited (HKG:2600) Is Worth After Its Latest Results1 week ago | Simply Wall St
Calculating The Fair Value Of Aluminum Corporation of China Limited (HKG:2600)Valuation
Is Aluminum Corporation of China undervalued compared to its fair value and its price relative to the market?
23.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2600 (HK$1.49) is trading below our estimate of fair value (HK$1.98)
Significantly Below Fair Value: 2600 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2600 is poor value based on its PE Ratio (36.7x) compared to the Metals and Mining industry average (9.2x).
PE vs Market: 2600 is poor value based on its PE Ratio (36.7x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: 2600 is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: 2600 is good value based on its PB Ratio (0.4x) compared to the HK Metals and Mining industry average (0.6x).
Next Steps
Future Growth
How is Aluminum Corporation of China forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
32.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2600's forecast earnings growth (37.3% per year) is above the savings rate (1.6%).
Earnings vs Market: 2600's earnings (37.3% per year) are forecast to grow faster than the Hong Kong market (11.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2600's revenue is expected to decline over the next 3 years (-1.7% per year).
High Growth Revenue: 2600's revenue is forecast to decline over the next 3 years (-1.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2600's Return on Equity is forecast to be low in 3 years time (2.9%).
Next Steps
Past Performance
How has Aluminum Corporation of China performed over the past 5 years?
81.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2600 has high quality earnings.
Growing Profit Margin: 2600's current net profit margins (0.3%) are lower than last year (0.4%).
Past Earnings Growth Analysis
Earnings Trend: 2600 has become profitable over the past 5 years, growing earnings by 81.7% per year.
Accelerating Growth: 2600's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2600 had negative earnings growth (-10%) over the past year, making it difficult to compare to the Metals and Mining industry average (-17.1%).
Return on Equity
High ROE: 2600's Return on Equity (2.1%) is considered low.
Next Steps
Financial Health
How is Aluminum Corporation of China's financial position?
Financial Position Analysis
Short Term Liabilities: 2600's short term assets (CN¥48.7B) do not cover its short term liabilities (CN¥69.2B).
Long Term Liabilities: 2600's short term assets (CN¥48.7B) do not cover its long term liabilities (CN¥63.2B).
Debt to Equity History and Analysis
Debt Level: 2600's debt to equity ratio (121.8%) is considered high.
Reducing Debt: 2600's debt to equity ratio has reduced from 298.5% to 121.8% over the past 5 years.
Balance Sheet
Inventory Level: 2600 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2600's debt is not covered by short term assets (assets are 0.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 2600 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: 2600 is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Aluminum Corporation of China's current dividend yield, its reliability and sustainability?
0.14%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2600's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 2600's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2600's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2600's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 2600 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2600's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Zhihui He (57yo)
1.17s
Tenure
Mr. Zhihui He has been a President at Aluminum Corporation of China Limited since February 21, 2019. He is Director at Aluminum Corporation of China Limited since April 29, 2019. He served as the President ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Executive Director | 1.17yrs | no data | no data | |
| Senior VP & Executive Director | 6.83yrs | CN¥852.00k | 0.000060% CN¥28.6k | |
| VP & Executive Director | 1.33yrs | CN¥492.00k | no data | |
| Vice President | 1.08yrs | no data | no data | |
| CFO & Company Secretary | 1.17yrs | no data | no data | |
| Head of Accounting Department | no data | no data | no data | |
| Chairman of Supervisory Committee & Chief Accountant | 1.33yrs | no data | no data | |
| Deputy Director of Finance Department & Supervisor | 1.17yrs | no data | no data |
1.4yrs
Average Tenure
54yo
Average Age
Experienced Management: 2600's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Executive Director | 1.17yrs | no data | no data | |
| Senior VP & Executive Director | 6.83yrs | CN¥852.00k | 0.000060% CN¥28.6k | |
| VP & Executive Director | 1.33yrs | CN¥492.00k | no data | |
| Chairman of Supervisory Committee & Chief Accountant | 1.33yrs | no data | no data | |
| Deputy Director of Finance Department & Supervisor | 1.17yrs | no data | no data | |
| Non-Executive Director | 4.33yrs | no data | no data | |
| Non-Executive Director | 6.83yrs | CN¥150.00k | no data | |
| Independent Non-Executive Director | 4.83yrs | CN¥202.00k | no data | |
| Independent Non Executive Director | no data | no data | no data | |
| Chairman of the Board | 1.17yrs | no data | no data |
1.3yrs
Average Tenure
55yo
Average Age
Experienced Board: 2600's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Aluminum Corporation of China Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Aluminum Corporation of China Limited
- Ticker: 2600
- Exchange: SEHK
- Founded: 2001
- Industry: Aluminum
- Sector: Materials
- Market Cap: HK$47.699b
- Shares outstanding: 17.02b
- Website: https://www.chalco.com.cn
Number of Employees
Location
- Aluminum Corporation of China Limited
- No. 62 North Xizhimen Street
- Haidian District
- Beijing
- 100082
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACH | NYSE (New York Stock Exchange) | ADR EACH REPR 25 'H'SHS CNY1(SPON) | US | USD | Dec 2001 | |
| AOCA | DB (Deutsche Boerse AG) | ADR EACH REPR 25 'H'SHS CNY1(SPON) | DE | EUR | Dec 2001 | |
| ACH N | BMV (Bolsa Mexicana de Valores) | ADR EACH REPR 25 'H'SHS CNY1(SPON) | MX | MXN | Dec 2001 | |
| K3HD | SGX (Singapore Exchange) | ADR EACH REPR 25 'H'SHS CNY1(SPON) | SG | USD | Dec 2001 | |
| ALMM.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Dec 2001 |
| 2600 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2001 |
| AOC | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Dec 2001 |
| 2600 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2001 |
| 2600 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2001 |
| AOC | WBAG (Wiener Boerse AG) | Yes | Foreign Shares-Foreign Listed | AT | EUR | Dec 2001 |
| 601600 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Apr 2007 | |
| 601600 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Apr 2007 |
Biography
Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People's Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as chemical alumina, such as alumina hydrate, alumina-based industrial chemical products, carbon anodes and cathodes, and metal gallium. The Primary Aluminum segment procures alumina and other raw materials, supplemental materials, and electrical power; and produces and sells aluminum and aluminum-related products, such as carbon, aluminum alloy, and other aluminum products. The Trading segment trades in alumina, primary aluminum, aluminum fabrication products, other non-ferrous metal products, coal products, raw and ancillary materials, and supplemental materials; and provides logistics and transport services to external customers. The Energy segment researches and develops, produces, and operates energy products, including coal mining; and generates and sells electricity using thermal power, wind power, and solar power sources to regional power grid corporations, as well as manufactures power related equipment. The company also acquires, manufactures, and distributes bauxite mines and limestone ore; and provides engineering project management, and research and development services. Aluminum Corporation of China Limited was founded in 2001 and is based in Beijing, the People's Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 14:02 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.