Zijin Mining Group Company Limited engages in prospecting, exploration, and mining mineral resources in Mainland China. More Details
Solid track record with reasonable growth potential.
Share Price & News
How has Zijin Mining Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2899 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: 2899's weekly volatility (9%) has been stable over the past year.
7 Day Return
HK Metals and Mining
1 Year Return
HK Metals and Mining
Return vs Industry: 2899 exceeded the Hong Kong Metals and Mining industry which returned 114.9% over the past year.
Return vs Market: 2899 exceeded the Hong Kong Market which returned 21.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Zijin Mining Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShould You Take Comfort From Insider Transactions At Zijin Mining Group Company Limited (HKG:2899)?
3 weeks ago | Simply Wall StIs Zijin Mining Group Company Limited's(HKG:2899) Recent Stock Performance Tethered To Its Strong Fundamentals?
1 month ago | Simply Wall StDid You Participate In Any Of Zijin Mining Group's (HKG:2899) Incredible 517% Return?
Is Zijin Mining Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2899 (HK$10.26) is trading below our estimate of fair value (HK$36.36)
Significantly Below Fair Value: 2899 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2899 is poor value based on its PE Ratio (27.3x) compared to the Hong Kong Metals and Mining industry average (9.2x).
PE vs Market: 2899 is poor value based on its PE Ratio (27.3x) compared to the Hong Kong market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: 2899 is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: 2899 is overvalued based on its PB Ratio (3.7x) compared to the HK Metals and Mining industry average (0.7x).
How is Zijin Mining Group forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2899's forecast earnings growth (26.4% per year) is above the savings rate (1.5%).
Earnings vs Market: 2899's earnings (26.4% per year) are forecast to grow faster than the Hong Kong market (19.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2899's revenue (9.9% per year) is forecast to grow slower than the Hong Kong market (12.8% per year).
High Growth Revenue: 2899's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2899's Return on Equity is forecast to be high in 3 years time (21.8%)
How has Zijin Mining Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2899 has high quality earnings.
Growing Profit Margin: 2899's current net profit margins (4.4%) are higher than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: 2899's earnings have grown significantly by 27.1% per year over the past 5 years.
Accelerating Growth: 2899's earnings growth over the past year (79.3%) exceeds its 5-year average (27.1% per year).
Earnings vs Industry: 2899 earnings growth over the past year (79.3%) exceeded the Metals and Mining industry 45.6%.
Return on Equity
High ROE: 2899's Return on Equity (13.3%) is considered low.
How is Zijin Mining Group's financial position?
Financial Position Analysis
Short Term Liabilities: 2899's short term assets (CN¥44.3B) do not cover its short term liabilities (CN¥50.2B).
Long Term Liabilities: 2899's short term assets (CN¥44.3B) do not cover its long term liabilities (CN¥60.8B).
Debt to Equity History and Analysis
Debt Level: 2899's debt to equity ratio (93.6%) is considered high.
Reducing Debt: 2899's debt to equity ratio has reduced from 118% to 93.6% over the past 5 years.
Debt Coverage: 2899's debt is well covered by operating cash flow (23.1%).
Interest Coverage: 2899's interest payments on its debt are well covered by EBIT (10.4x coverage).
What is Zijin Mining Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2899's dividend (1.4%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (1.89%).
High Dividend: 2899's dividend (1.4%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.03%).
Stability and Growth of Payments
Stable Dividend: 2899's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2899's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.3%), 2899's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2899's dividends in 3 years are forecast to be covered by earnings (56.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Laichang Zou (52 yo)
Mr. Laichang Zou has been President at Zijin Mining Group Company Limited since December 30, 2019. He served as a Vice President of Zijin Mining Group Company Limited since October 2013 until December 2019...
CEO Compensation Analysis
Compensation vs Market: Laichang's total compensation ($USD919.47K) is about average for companies of similar size in the Hong Kong market ($USD966.89K).
Compensation vs Earnings: Laichang's compensation has increased by more than 20% in the past year.
Experienced Management: 2899's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: 2899's board of directors are considered experienced (6.4 years average tenure).
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.
Zijin Mining Group Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Zijin Mining Group Company Limited
- Ticker: 2899
- Exchange: SEHK
- Founded: 1986
- Industry: Gold
- Sector: Materials
- Market Cap: HK$291.791b
- Shares outstanding: 25.56b
- Website: https://www.zijinmining.com
Number of Employees
- Zijin Mining Group Company Limited
- No. 1 Zijin Road
- Shanghang County
- Fujian Province
Zijin Mining Group Company Limited engages in prospecting, exploration, and mining mineral resources in Mainland China. It primarily produces gold bullion; gold, copper, zinc, tungsten, lead, and iron ore ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/24 10:07|
|End of Day Share Price||2021/06/24 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.